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

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,414,620
2 years$752,205$738,196$724,619$711,455$698,687$646,240
3 years$496,489$482,419$468,877$455,836$443,275$392,653
4 years$368,656$354,629$341,222$328,404$316,148$267,736
5 years$291,976$278,034$264,802$252,246$240,331$194,256
6 years$240,873$227,035$214,000$201,723$190,165$146,462
7 years$204,385$190,664$177,835$165,848$154,655$113,314
8 years$177,031$163,434$150,818$139,126$128,302$89,287
9 years$155,768$142,299$129,899$118,504$108,048$71,309
10 years$138,767$125,430$113,249$102,152$92,063$57,534
11 years$124,866$111,663$99,703$88,903$79,177$46,788
12 years$113,290$100,222$88,484$77,980$68,613$38,286
13 years$103,503$90,572$79,054$68,844$59,832$31,484
14 years$95,121$82,327$71,031$61,112$52,448$25,993
15 years$87,863$75,207$64,131$54,501$46,180$21,528
16 years$81,519$69,001$58,144$48,800$40,814$17,877
17 years$75,927$63,548$52,909$43,846$36,188$14,877
18 years$70,962$58,721$48,299$39,514$32,177$12,403
19 years$66,524$54,422$44,216$35,705$28,680$10,355
20 years$62,536$50,571$40,579$32,337$25,617$8,656
21 years$58,932$47,105$37,325$29,348$22,925$7,243
22 years$55,660$43,971$34,400$26,684$20,549$6,065
23 years$52,677$41,125$31,763$24,302$18,446$5,083
24 years$49,946$38,532$29,375$22,165$16,580$4,262
25 years$47,438$36,160$27,207$20,242$14,919$3,575
26 years$45,127$33,985$25,233$18,508$13,439$3,001
27 years$42,990$31,984$23,431$16,941$12,116$2,519
28 years$41,010$30,138$21,783$15,522$10,932$2,116
29 years$39,169$28,432$20,270$14,234$9,872$1,777
30 years$37,454$26,851$18,881$13,063$8,920$1,493
31 years$35,854$25,383$17,602$11,997$8,064$1,255
32 years$34,356$24,017$16,423$11,026$7,295$1,054
33 years$32,952$22,745$15,335$10,139$6,602$886
34 years$31,633$21,557$14,328$9,329$5,977$745
35 years$30,392$20,446$13,395$8,588$5,414$626
36 years$29,223$19,407$12,531$7,909$4,905$527
37 years$28,120$18,432$11,729$7,287$4,446$443
38 years$27,078$17,517$10,984$6,717$4,030$372
39 years$26,091$16,657$10,290$6,193$3,655$313
40 years$25,156$15,848$9,645$5,712$3,315$263
41 years$24,269$15,085$9,044$5,270$3,008$221
42 years$23,426$14,367$8,484$4,864$2,729$186
43 years$22,625$13,689$7,961$4,490$2,477$157
44 years$21,862$13,048$7,473$4,146$2,248$132
45 years$21,135$12,443$7,017$3,829$2,041$111
46 years$20,442$11,870$6,590$3,537$1,853$93
47 years$19,780$11,327$6,191$3,267$1,683$78
48 years$19,148$10,813$5,818$3,019$1,528$66
49 years$18,543$10,326$5,469$2,790$1,388$55
50 years$17,965$9,864$5,141$2,579$1,261$47

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 $5,528 every year, while hoping to spend $55,260 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: 65/26/9 Blend
56$18,400,000$18,400,000$18,400,000$18,400,000
57$20,282,502$19,307,302$19,022,102$21,563,103
58$22,292,521$20,194,564$19,600,546$23,303,968
59$24,505,710$21,123,449$20,196,516$25,198,205
60$26,942,734$22,095,939$20,810,541$27,266,352
61$29,626,363$23,114,111$21,443,165$29,525,338
62$32,581,690$24,180,141$22,094,949$31,993,780
63$35,836,364$25,296,309$22,766,471$34,692,160
64$39,420,852$26,465,006$23,458,326$37,643,009
65$43,368,726$27,688,739$24,171,128$40,871,117
66$47,716,983$28,970,134$24,905,507$44,403,758
67$52,506,388$30,311,944$25,662,115$48,270,945
68$57,781,864$31,717,053$26,441,620$52,505,704
69$63,592,913$33,188,488$27,244,713$57,144,385
70$69,994,084$34,729,418$28,072,105$62,226,991
71$77,045,488$36,343,166$28,924,527$67,797,553
72$84,813,362$38,033,216$29,802,734$73,904,540
73$93,370,701$39,803,220$30,707,501$80,601,304
74$102,797,939$41,657,004$31,639,629$87,946,580
75$113,183,714$43,598,582$32,599,941$96,005,029
76$124,625,699$45,632,159$33,589,286$104,847,842
77$137,231,531$47,762,145$34,608,537$114,553,403
78$151,119,818$49,993,161$35,658,595$125,208,016
79$166,421,267$52,330,054$36,740,385$136,906,713
80$183,279,912$54,777,902$37,854,863$149,754,141
81$201,854,474$57,342,030$39,003,012$163,865,535
82$222,319,861$60,028,020$40,185,844$179,367,801
83$244,868,820$62,841,726$41,404,403$196,400,694
84$269,713,750$65,789,282$42,659,761$215,118,131
85$297,088,716$68,877,119$43,953,026$235,689,629
86$327,251,648$72,111,982$45,285,336$258,301,891
87$360,486,787$75,500,939$46,657,865$283,160,552
88$397,107,357$79,051,403$48,071,821$310,492,113
89$437,458,529$82,771,143$49,528,449$340,546,053
90$481,920,676$86,668,307$51,029,030$373,597,175
91$530,912,966$90,751,435$52,574,883$409,948,182
92$584,897,315$95,029,482$54,167,368$449,932,514
93$644,382,752$99,511,837$55,807,886$493,917,479
94$709,930,220$104,208,344$57,497,877$542,307,700
95$782,157,872$109,129,323$59,238,826$595,548,914
96$861,746,911$114,285,595$61,032,262$654,132,159
97$949,448,012$119,688,506$62,879,759$718,598,387
98$1,046,088,418$125,349,952$64,782,940$789,543,546
99$1,152,579,742$131,282,405$66,743,474$867,624,183
100$1,269,926,575$137,498,942$68,763,080$953,563,614