Can I retire at age 57 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,457,995
2 years$752,205$738,196$724,619$711,455$698,687$689,359
3 years$496,489$482,419$468,877$455,836$443,275$434,156
4 years$368,656$354,629$341,222$328,404$316,148$307,307
5 years$291,976$278,034$264,802$252,246$240,331$231,795
6 years$240,873$227,035$214,000$201,723$190,165$181,945
7 years$204,385$190,664$177,835$165,848$154,655$146,755
8 years$177,031$163,434$150,818$139,126$128,302$120,721
9 years$155,768$142,299$129,899$118,504$108,048$100,785
10 years$138,767$125,430$113,249$102,152$92,063$85,114
11 years$124,866$111,663$99,703$88,903$79,177$72,537
12 years$113,290$100,222$88,484$77,980$68,613$62,277
13 years$103,503$90,572$79,054$68,844$59,832$53,793
14 years$95,121$82,327$71,031$61,112$52,448$46,700
15 years$87,863$75,207$64,131$54,501$46,180$40,714
16 years$81,519$69,001$58,144$48,800$40,814$35,622
17 years$75,927$63,548$52,909$43,846$36,188$31,263
18 years$70,962$58,721$48,299$39,514$32,177$27,510
19 years$66,524$54,422$44,216$35,705$28,680$24,262
20 years$62,536$50,571$40,579$32,337$25,617$21,440
21 years$58,932$47,105$37,325$29,348$22,925$18,978
22 years$55,660$43,971$34,400$26,684$20,549$16,824
23 years$52,677$41,125$31,763$24,302$18,446$14,934
24 years$49,946$38,532$29,375$22,165$16,580$13,272
25 years$47,438$36,160$27,207$20,242$14,919$11,807
26 years$45,127$33,985$25,233$18,508$13,439$10,513
27 years$42,990$31,984$23,431$16,941$12,116$9,368
28 years$41,010$30,138$21,783$15,522$10,932$8,354
29 years$39,169$28,432$20,270$14,234$9,872$7,454
30 years$37,454$26,851$18,881$13,063$8,920$6,654
31 years$35,854$25,383$17,602$11,997$8,064$5,944
32 years$34,356$24,017$16,423$11,026$7,295$5,311
33 years$32,952$22,745$15,335$10,139$6,602$4,748
34 years$31,633$21,557$14,328$9,329$5,977$4,246
35 years$30,392$20,446$13,395$8,588$5,414$3,798
36 years$29,223$19,407$12,531$7,909$4,905$3,398
37 years$28,120$18,432$11,729$7,287$4,446$3,042
38 years$27,078$17,517$10,984$6,717$4,030$2,723
39 years$26,091$16,657$10,290$6,193$3,655$2,438
40 years$25,156$15,848$9,645$5,712$3,315$2,183
41 years$24,269$15,085$9,044$5,270$3,008$1,955
42 years$23,426$14,367$8,484$4,864$2,729$1,752
43 years$22,625$13,689$7,961$4,490$2,477$1,569
44 years$21,862$13,048$7,473$4,146$2,248$1,406
45 years$21,135$12,443$7,017$3,829$2,041$1,260
46 years$20,442$11,870$6,590$3,537$1,853$1,129
47 years$19,780$11,327$6,191$3,267$1,683$1,012
48 years$19,148$10,813$5,818$3,019$1,528$907
49 years$18,543$10,326$5,469$2,790$1,388$813
50 years$17,965$9,864$5,141$2,579$1,261$729

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $18,400,000, adding $3,081 every year, while hoping to spend $51,179 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: 37/45/18 Blend
56$18,400,000$18,400,000$18,400,000$18,400,000
57$20,279,978$19,304,778$19,019,578$20,919,782
58$22,294,082$20,196,258$19,602,280$22,274,029
59$24,511,909$21,129,705$20,202,787$23,730,785
60$26,954,185$22,107,122$20,821,642$25,303,230
61$29,643,748$23,130,607$21,459,403$27,001,771
62$32,605,764$24,202,361$22,116,646$28,837,816
63$35,867,963$25,324,688$22,793,966$30,823,869
64$39,460,905$26,500,007$23,491,973$32,973,646
65$43,418,259$27,730,850$24,211,296$35,302,189
66$47,777,133$29,019,873$24,952,586$37,826,003
67$52,578,414$30,369,860$25,716,511$40,563,196
68$57,867,158$31,783,729$26,503,760$43,533,646
69$63,693,014$33,264,538$27,315,042$46,759,173
70$70,110,696$34,815,494$28,151,090$50,263,736
71$77,180,492$36,439,958$29,012,656$54,073,645
72$84,968,840$38,141,454$29,900,518$58,217,795
73$93,548,952$39,923,676$30,815,476$62,727,931
74$103,001,504$41,790,495$31,758,353$67,638,930
75$113,415,398$43,745,970$32,729,999$72,989,114
76$124,888,604$45,794,358$33,731,289$78,820,602
77$137,529,079$47,940,119$34,763,125$85,179,685
78$151,455,791$50,187,930$35,826,435$92,117,253
79$166,799,837$52,542,694$36,922,177$99,689,252
80$183,705,687$55,009,552$38,051,335$107,957,197
81$202,332,539$57,593,893$39,214,927$116,988,734
82$222,855,830$60,301,365$40,413,999$126,858,256
83$245,468,885$63,137,893$41,649,629$137,647,588
84$270,384,748$66,109,686$42,922,928$149,446,734
85$297,838,186$69,223,255$44,235,040$162,354,705
86$328,087,913$72,485,426$45,587,146$176,480,429
87$361,419,024$75,903,356$46,980,459$191,943,757
88$398,145,692$79,484,548$48,416,232$208,876,565
89$438,614,131$83,236,869$49,895,754$227,423,971
90$483,205,864$87,168,568$51,420,354$247,745,679
91$532,341,327$91,288,292$52,991,400$270,017,455
92$586,483,833$95,605,109$54,610,303$294,432,753
93$646,143,951$100,128,527$56,278,515$321,204,510
94$711,884,323$104,868,513$57,997,534$350,567,123
95$784,324,973$109,835,519$59,768,901$382,778,622
96$864,149,166$115,040,506$61,594,205$418,123,069
97$952,109,853$120,494,962$63,475,082$456,913,202
98$1,049,036,780$126,210,937$65,413,219$499,493,343
99$1,155,844,322$132,201,064$67,410,354$546,242,607
100$1,273,540,117$138,478,590$69,468,274$597,578,434