Can I retire at age 57 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,455,575
2 years$756,293$742,208$728,557$715,322$702,484$682,728
3 years$499,187$485,041$471,425$458,314$445,685$426,427
4 years$370,659$356,557$343,077$330,189$317,866$299,255
5 years$293,563$279,545$266,242$253,617$241,637$223,727
6 years$242,182$228,269$215,163$202,820$191,199$174,011
7 years$205,496$191,700$178,801$166,749$155,496$139,037
8 years$177,994$164,322$151,638$139,882$128,999$113,266
9 years$156,614$143,072$130,605$119,148$108,636$93,623
10 years$139,521$126,111$113,865$102,707$92,563$78,259
11 years$125,544$112,269$100,245$89,386$79,607$65,999
12 years$113,906$100,767$88,965$78,403$68,986$56,057
13 years$104,065$91,064$79,484$69,218$60,157$47,891
14 years$95,638$82,775$71,417$61,444$52,733$41,112
15 years$88,341$75,616$64,480$54,798$46,431$35,434
16 years$81,962$69,376$58,460$49,065$41,036$30,643
17 years$76,340$63,893$53,197$44,085$36,385$26,576
18 years$71,347$59,040$48,562$39,729$32,352$23,104
19 years$66,886$54,718$44,456$35,899$28,836$20,128
20 years$62,876$50,846$40,799$32,513$25,757$17,566
21 years$59,252$47,361$37,528$29,508$23,049$15,354
22 years$55,962$44,210$34,587$26,829$20,660$13,438
23 years$52,963$41,349$31,935$24,434$18,546$11,775
24 years$50,218$38,741$29,535$22,285$16,670$10,328
25 years$47,696$36,357$27,355$20,352$15,000$9,067
26 years$45,372$34,169$25,371$18,609$13,512$7,966
27 years$43,224$32,157$23,559$17,033$12,182$7,003
28 years$41,232$30,302$21,901$15,606$10,992$6,160
29 years$39,382$28,586$20,381$14,311$9,925$5,422
30 years$37,658$26,997$18,984$13,134$8,968$4,774
31 years$36,048$25,521$17,698$12,063$8,108$4,205
32 years$34,543$24,148$16,513$11,086$7,334$3,705
33 years$33,131$22,868$15,418$10,194$6,638$3,266
34 years$31,805$21,674$14,406$9,380$6,010$2,879
35 years$30,558$20,557$13,468$8,635$5,443$2,539
36 years$29,382$19,512$12,599$7,952$4,932$2,240
37 years$28,273$18,532$11,793$7,327$4,470$1,976
38 years$27,225$17,612$11,043$6,753$4,052$1,743
39 years$26,233$16,747$10,346$6,227$3,675$1,538
40 years$25,292$15,934$9,698$5,743$3,333$1,358
41 years$24,400$15,167$9,093$5,299$3,024$1,198
42 years$23,553$14,445$8,530$4,890$2,744$1,058
43 years$22,748$13,763$8,004$4,514$2,490$934
44 years$21,981$13,119$7,513$4,168$2,260$825
45 years$21,250$12,510$7,055$3,850$2,052$728
46 years$20,553$11,934$6,626$3,556$1,863$643
47 years$19,888$11,389$6,225$3,285$1,692$568
48 years$19,252$10,872$5,850$3,036$1,536$501
49 years$18,644$10,382$5,498$2,805$1,395$443
50 years$18,062$9,918$5,169$2,593$1,267$391

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $18,500,000, adding $4,089 every year, while hoping to spend $27,894 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: 68/5/27 Blend
56$18,500,000$18,500,000$18,500,000$18,500,000
57$20,391,218$19,410,718$19,123,968$21,634,562
58$22,441,443$20,332,164$19,734,942$23,392,478
59$24,699,856$21,297,826$20,365,448$25,311,507
60$27,187,663$22,309,841$21,016,113$27,410,493
61$29,928,232$23,370,451$21,687,580$29,707,245
62$32,947,313$24,482,004$22,380,514$32,221,367
63$36,273,281$25,646,965$23,095,604$34,974,445
64$39,937,407$26,867,917$23,833,558$37,990,243
65$43,974,147$28,147,570$24,595,107$41,294,930
66$48,421,474$29,488,764$25,381,006$44,917,320
67$53,321,229$30,894,478$26,192,035$48,889,140
68$58,719,524$32,367,837$27,028,998$53,245,334
69$64,667,170$33,912,115$27,892,723$58,024,381
70$71,220,160$35,530,748$28,784,069$63,268,659
71$78,440,200$37,227,338$29,703,918$69,024,843
72$86,395,284$39,005,661$30,653,184$75,344,339
73$95,160,343$40,869,680$31,632,806$82,283,767
74$104,817,950$42,823,546$32,643,757$89,905,493
75$115,459,098$44,871,616$33,687,039$98,278,211
76$127,184,058$47,018,458$34,763,687$107,477,591
77$140,103,331$49,268,861$35,874,770$117,586,985
78$154,338,684$51,627,848$37,021,388$128,698,212
79$170,024,305$54,100,688$38,204,679$140,912,421
80$187,308,066$56,692,903$39,425,818$154,341,040
81$206,352,921$59,410,288$40,686,015$169,106,820
82$227,338,443$62,258,916$41,986,521$185,344,996
83$250,462,520$65,245,160$43,328,626$203,204,550
84$275,943,224$68,375,699$44,713,661$222,849,618
85$304,020,865$71,657,540$46,143,001$244,461,031
86$334,960,266$75,098,033$47,618,064$268,238,018
87$369,053,258$78,704,881$49,140,314$294,400,078
88$406,621,437$82,486,167$50,711,261$323,189,048
89$448,019,199$86,450,365$52,332,464$354,871,378
90$493,637,089$90,606,364$54,005,533$389,740,640
91$543,905,480$94,963,484$55,732,127$428,120,295
92$599,298,647$99,531,502$57,513,960$470,366,732
93$660,339,232$104,320,669$59,352,802$516,872,634
94$727,603,189$109,341,738$61,250,476$568,070,668
95$801,725,215$114,605,983$63,208,867$624,437,569
96$883,404,742$120,125,231$65,229,919$686,498,626
97$973,412,542$125,911,884$67,315,638$754,832,637
98$1,072,598,005$131,978,950$69,468,095$830,077,358
99$1,181,897,152$138,340,069$71,689,427$912,935,521
100$1,302,341,478$145,009,549$73,981,839$1,004,181,451