Can I retire at age 57 with 18,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,402,477
2 years$748,117$734,184$720,681$707,589$694,889$638,360
3 years$493,791$479,798$466,328$453,359$440,866$386,378
4 years$366,652$352,702$339,368$326,620$314,430$262,396
5 years$290,389$276,523$263,363$250,875$239,024$189,580
6 years$239,564$225,802$212,837$200,627$189,132$142,308
7 years$203,274$189,628$176,868$164,946$153,815$109,597
8 years$176,069$162,546$149,998$138,369$127,604$85,949
9 years$154,921$141,526$129,193$117,860$107,461$68,306
10 years$138,012$124,748$112,634$101,597$91,562$54,833
11 years$124,187$111,056$99,161$88,419$78,747$44,360
12 years$112,674$99,678$88,003$77,556$68,240$36,105
13 years$102,940$90,079$78,625$68,470$59,507$29,528
14 years$94,604$81,880$70,645$60,780$52,163$24,242
15 years$87,386$74,799$63,783$54,205$45,929$19,964
16 years$81,076$68,626$57,828$48,535$40,592$16,482
17 years$75,514$63,202$52,621$43,608$35,992$13,636
18 years$70,576$58,402$48,037$39,300$32,002$11,300
19 years$66,163$54,126$43,975$35,511$28,524$9,377
20 years$62,196$50,297$40,358$32,162$25,478$7,790
21 years$58,611$46,849$37,122$29,189$22,800$6,478
22 years$55,357$43,732$34,214$26,539$20,437$5,391
23 years$52,390$40,902$31,590$24,170$18,346$4,489
24 years$49,675$38,322$29,216$22,044$16,489$3,741
25 years$47,180$35,964$27,059$20,132$14,838$3,118
26 years$44,881$33,800$25,096$18,408$13,365$2,600
27 years$42,756$31,810$23,304$16,849$12,050$2,169
28 years$40,787$29,974$21,664$15,437$10,873$1,810
29 years$38,956$28,277$20,160$14,156$9,818$1,510
30 years$37,251$26,705$18,779$12,992$8,871$1,260
31 years$35,659$25,245$17,507$11,932$8,020$1,052
32 years$34,169$23,887$16,334$10,966$7,255$878
33 years$32,773$22,621$15,251$10,084$6,566$734
34 years$31,461$21,440$14,250$9,278$5,945$613
35 years$30,227$20,335$13,323$8,541$5,384$512
36 years$29,065$19,301$12,463$7,866$4,878$427
37 years$27,967$18,332$11,665$7,248$4,421$357
38 years$26,930$17,422$10,924$6,680$4,008$298
39 years$25,949$16,566$10,235$6,160$3,635$249
40 years$25,019$15,761$9,593$5,681$3,297$208
41 years$24,137$15,003$8,995$5,242$2,991$174
42 years$23,299$14,289$8,438$4,838$2,714$145
43 years$22,502$13,614$7,918$4,466$2,463$121
44 years$21,743$12,977$7,432$4,123$2,236$101
45 years$21,020$12,375$6,978$3,808$2,030$85
46 years$20,331$11,805$6,554$3,517$1,843$71
47 years$19,673$11,266$6,158$3,250$1,674$59
48 years$19,044$10,755$5,786$3,003$1,520$49
49 years$18,443$10,270$5,439$2,775$1,380$41
50 years$17,867$9,810$5,113$2,565$1,254$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $18,300,000, adding $2,593 every year, while hoping to spend $46,253 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: 33/44/23 Blend
56$18,300,000$18,300,000$18,300,000$18,300,000
57$20,169,275$19,199,375$18,915,725$20,692,616
58$22,177,328$20,090,931$19,500,189$21,976,566
59$24,388,652$21,024,624$20,102,682$23,355,005
60$26,823,933$22,002,468$20,723,760$24,839,687
61$29,505,962$23,026,578$21,363,994$26,440,012
62$32,459,858$24,099,167$22,023,975$28,166,278
63$35,713,295$25,222,559$22,704,310$30,029,765
64$39,296,773$26,399,186$23,405,627$32,042,838
65$43,243,899$27,631,601$24,128,570$34,219,047
66$47,591,705$28,922,478$24,873,806$36,573,255
67$52,381,001$30,274,621$25,642,020$39,121,759
68$57,656,756$31,690,970$26,433,920$41,882,438
69$63,468,524$33,174,606$27,250,235$44,874,908
70$69,870,911$34,728,760$28,091,716$48,120,697
71$76,924,093$36,356,819$28,959,138$51,643,435
72$84,694,380$38,062,332$29,853,298$55,469,067
73$93,254,843$39,849,022$30,775,020$59,626,078
74$102,686,004$41,720,791$31,725,150$64,145,754
75$113,076,598$43,681,732$32,704,564$69,062,461
76$124,524,406$45,736,131$33,714,162$74,413,951
77$137,137,181$47,888,487$34,754,872$80,241,706
78$151,033,664$50,143,514$35,827,651$86,591,313
79$166,344,707$52,506,155$36,933,486$93,512,871
80$183,214,502$54,981,592$38,073,393$101,061,452
81$201,801,950$57,575,258$39,248,420$109,297,599
82$222,282,153$60,292,851$40,459,647$118,287,875
83$244,848,074$63,140,342$41,708,187$128,105,476
84$269,712,353$66,123,994$42,995,186$138,830,892
85$297,109,317$69,250,373$44,321,829$150,552,651
86$327,297,189$72,526,363$45,689,332$163,368,126
87$360,560,530$75,959,183$47,098,952$177,384,431
88$397,212,921$79,556,400$48,551,984$192,719,404
89$437,599,925$83,325,950$50,049,762$209,502,692
90$482,102,349$87,276,153$51,593,661$227,876,947
91$531,139,839$91,415,735$53,185,098$247,999,141
92$585,174,838$95,753,841$54,825,535$270,042,017
93$644,716,957$100,300,065$56,516,476$294,195,685
94$710,327,783$105,064,465$58,259,474$320,669,382
95$782,626,178$110,057,585$60,056,127$349,693,412
96$862,294,126$115,290,484$61,908,085$381,521,282
97$950,083,167$120,774,758$63,817,046$416,432,053
98$1,046,821,494$126,522,565$65,784,761$454,732,933
99$1,153,421,770$132,546,654$67,813,035$496,762,136
100$1,270,889,745$138,860,396$69,903,726$542,892,027