Can I retire at age 57 with 18,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,407,516
2 years$735,853$722,148$708,867$695,989$683,498$655,573
3 years$485,696$471,932$458,684$445,927$433,639$406,490
4 years$360,642$346,920$333,804$321,265$309,275$283,111
5 years$285,629$271,990$259,046$246,762$235,106$210,001
6 years$235,636$222,100$209,347$197,338$186,031$162,013
7 years$199,942$186,519$173,969$162,242$151,293$128,367
8 years$173,183$159,881$147,539$136,101$125,512$103,672
9 years$152,381$139,205$127,076$115,928$105,700$84,931
10 years$135,750$122,703$110,787$99,931$90,061$70,346
11 years$122,151$109,235$97,535$86,970$77,456$58,770
12 years$110,827$98,044$86,560$76,284$67,122$49,438
13 years$101,253$88,603$77,336$67,348$58,531$41,821
14 years$93,053$80,537$69,487$59,784$51,308$35,541
15 years$85,953$73,572$62,737$53,317$45,176$30,318
16 years$79,747$67,501$56,880$47,739$39,926$25,946
17 years$74,276$62,166$51,759$42,893$35,402$22,263
18 years$69,419$57,444$47,249$38,655$31,477$19,145
19 years$65,078$53,239$43,254$34,929$28,057$16,496
20 years$61,176$49,472$39,697$31,634$25,061$14,236
21 years$57,651$46,081$36,513$28,710$22,426$12,303
22 years$54,450$43,015$33,653$26,104$20,102$10,645
23 years$51,531$40,231$31,072$23,774$18,045$9,220
24 years$48,860$37,694$28,737$21,683$16,219$7,993
25 years$46,407$35,374$26,616$19,802$14,595$6,934
26 years$44,146$33,246$24,685$18,106$13,146$6,020
27 years$42,055$31,288$22,922$16,573$11,853$5,229
28 years$40,118$29,483$21,309$15,184$10,695$4,544
29 years$38,318$27,814$19,830$13,924$9,657$3,950
30 years$36,640$26,267$18,471$12,779$8,726$3,436
31 years$35,074$24,831$17,220$11,737$7,889$2,989
32 years$33,609$23,495$16,066$10,786$7,136$2,601
33 years$32,235$22,250$15,001$9,919$6,458$2,264
34 years$30,945$21,088$14,016$9,126$5,847$1,971
35 years$29,732$20,002$13,104$8,401$5,296$1,716
36 years$28,588$18,985$12,259$7,737$4,798$1,495
37 years$27,509$18,031$11,474$7,129$4,349$1,302
38 years$26,489$17,136$10,745$6,571$3,943$1,134
39 years$25,524$16,295$10,067$6,059$3,575$988
40 years$24,609$15,503$9,436$5,588$3,243$861
41 years$23,741$14,757$8,848$5,156$2,942$750
42 years$22,917$14,054$8,299$4,758$2,670$654
43 years$22,133$13,391$7,788$4,392$2,423$570
44 years$21,387$12,764$7,310$4,056$2,199$497
45 years$20,676$12,172$6,864$3,745$1,997$433
46 years$19,997$11,612$6,447$3,460$1,813$377
47 years$19,350$11,081$6,057$3,196$1,646$329
48 years$18,732$10,578$5,692$2,954$1,495$287
49 years$18,140$10,102$5,350$2,730$1,358$250
50 years$17,574$9,650$5,030$2,523$1,233$218

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $18,000,000, adding $2,669 every year, while hoping to spend $36,513 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 49/23/28 Blend
56$18,000,000$18,000,000$18,000,000$18,000,000
57$19,838,753$18,884,753$18,605,753$20,652,793
58$21,823,456$19,771,256$19,190,196$22,110,444
59$24,009,376$20,699,975$19,792,995$23,689,393
60$26,416,996$21,672,938$20,414,724$25,404,212
61$29,068,892$22,692,274$21,055,980$27,267,776
62$31,989,938$23,760,215$21,717,374$29,294,234
63$35,207,546$24,879,099$22,399,540$31,499,134
64$38,751,920$26,051,380$23,103,130$33,899,567
65$42,656,347$27,279,628$23,828,815$36,514,322
66$46,957,505$28,566,540$24,577,291$39,364,056
67$51,695,812$29,914,942$25,349,272$42,471,483
68$56,915,809$31,327,799$26,145,497$45,861,582
69$62,666,577$32,808,216$26,966,726$49,561,827
70$69,002,202$34,359,453$27,813,745$53,602,437
71$75,982,285$35,984,925$28,687,364$58,016,653
72$83,672,505$37,688,213$29,588,418$62,841,047
73$92,145,239$39,473,073$30,517,768$68,115,855
74$101,480,242$41,343,443$31,476,303$73,885,353
75$111,765,406$43,303,451$32,464,938$80,198,260
76$123,097,583$45,357,426$33,484,619$87,108,194
77$135,583,504$47,509,907$34,536,321$94,674,163
78$149,340,783$49,765,654$35,621,049$102,961,117
79$164,499,028$52,129,657$36,739,840$112,040,545
80$181,201,068$54,607,148$37,893,763$121,991,145
81$199,604,294$57,203,616$39,083,922$132,899,548
82$219,882,152$59,924,813$40,311,453$144,861,128
83$242,225,775$62,776,773$41,577,530$157,980,890
84$266,845,791$65,765,821$42,883,364$172,374,443
85$293,974,307$68,898,592$44,230,203$188,169,085
86$323,867,105$72,182,041$45,619,333$205,504,982
87$356,806,051$75,623,464$47,052,083$224,536,481
88$393,101,763$79,230,507$48,529,821$245,433,551
89$433,096,533$83,011,193$50,053,961$268,383,369
90$477,167,570$86,973,932$51,625,959$293,592,068
91$525,730,551$91,127,543$53,247,318$321,286,670
92$579,243,551$95,481,276$54,919,586$351,717,206
93$638,211,363$100,044,829$56,644,363$385,159,058
94$703,190,270$104,828,373$58,423,296$421,915,537
95$774,793,287$109,842,573$60,258,086$462,320,726
96$853,695,956$115,098,613$62,150,486$506,742,609
97$940,642,721$120,608,223$64,102,305$555,586,525
98$1,036,453,954$126,383,701$66,115,408$609,298,966
99$1,142,033,702$132,437,947$68,191,718$668,371,767
100$1,258,378,219$138,784,486$70,333,221$733,346,725