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

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,447,207
2 years$756,293$742,208$728,557$715,322$702,484$674,374
3 years$499,187$485,041$471,425$458,314$445,685$418,350
4 years$370,659$356,557$343,077$330,189$317,866$291,518
5 years$293,563$279,545$266,242$253,617$241,637$216,351
6 years$242,182$228,269$215,163$202,820$191,199$167,002
7 years$205,496$191,700$178,801$166,749$155,496$132,395
8 years$177,994$164,322$151,638$139,882$128,999$106,987
9 years$156,614$143,072$130,605$119,148$108,636$87,700
10 years$139,521$126,111$113,865$102,707$92,563$72,683
11 years$125,544$112,269$100,245$89,386$79,607$60,761
12 years$113,906$100,767$88,965$78,403$68,986$51,146
13 years$104,065$91,064$79,484$69,218$60,157$43,295
14 years$95,638$82,775$71,417$61,444$52,733$36,818
15 years$88,341$75,616$64,480$54,798$46,431$31,430
16 years$81,962$69,376$58,460$49,065$41,036$26,915
17 years$76,340$63,893$53,197$44,085$36,385$23,111
18 years$71,347$59,040$48,562$39,729$32,352$19,890
19 years$66,886$54,718$44,456$35,899$28,836$17,150
20 years$62,876$50,846$40,799$32,513$25,757$14,812
21 years$59,252$47,361$37,528$29,508$23,049$12,811
22 years$55,962$44,210$34,587$26,829$20,660$11,093
23 years$52,963$41,349$31,935$24,434$18,546$9,615
24 years$50,218$38,741$29,535$22,285$16,670$8,342
25 years$47,696$36,357$27,355$20,352$15,000$7,243
26 years$45,372$34,169$25,371$18,609$13,512$6,293
27 years$43,224$32,157$23,559$17,033$12,182$5,470
28 years$41,232$30,302$21,901$15,606$10,992$4,758
29 years$39,382$28,586$20,381$14,311$9,925$4,140
30 years$37,658$26,997$18,984$13,134$8,968$3,603
31 years$36,048$25,521$17,698$12,063$8,108$3,137
32 years$34,543$24,148$16,513$11,086$7,334$2,732
33 years$33,131$22,868$15,418$10,194$6,638$2,380
34 years$31,805$21,674$14,406$9,380$6,010$2,074
35 years$30,558$20,557$13,468$8,635$5,443$1,808
36 years$29,382$19,512$12,599$7,952$4,932$1,576
37 years$28,273$18,532$11,793$7,327$4,470$1,374
38 years$27,225$17,612$11,043$6,753$4,052$1,198
39 years$26,233$16,747$10,346$6,227$3,675$1,044
40 years$25,292$15,934$9,698$5,743$3,333$911
41 years$24,400$15,167$9,093$5,299$3,024$794
42 years$23,553$14,445$8,530$4,890$2,744$693
43 years$22,748$13,763$8,004$4,514$2,490$604
44 years$21,981$13,119$7,513$4,168$2,260$527
45 years$21,250$12,510$7,055$3,850$2,052$460
46 years$20,553$11,934$6,626$3,556$1,863$401
47 years$19,888$11,389$6,225$3,285$1,692$350
48 years$19,252$10,872$5,850$3,036$1,536$305
49 years$18,644$10,382$5,498$2,805$1,395$266
50 years$18,062$9,918$5,169$2,593$1,267$232

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 $4,855 every year, while hoping to spend $45,062 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: 35/39/26 Blend
56$18,500,000$18,500,000$18,500,000$18,500,000
57$20,392,008$19,411,508$19,124,758$20,945,335
58$22,424,047$20,314,726$19,717,492$22,261,245
59$24,661,844$21,260,692$20,328,572$23,675,667
60$27,126,338$22,251,452$20,958,565$25,200,937
61$29,840,604$23,289,152$21,608,056$26,846,989
62$32,830,068$24,376,043$22,277,648$28,624,714
63$36,122,746$25,514,481$22,967,961$30,546,050
64$39,749,515$26,706,939$23,679,636$32,624,087
65$43,744,395$27,956,008$24,413,333$34,873,186
66$48,144,876$29,264,405$25,169,733$37,309,101
67$52,992,270$30,634,978$25,949,536$39,949,120
68$58,332,102$32,070,712$26,753,466$42,812,218
69$64,214,538$33,574,738$27,582,268$45,919,223
70$70,694,857$35,150,337$28,436,711$49,293,008
71$77,833,978$36,800,949$29,317,586$52,958,688
72$85,699,029$38,530,181$30,225,711$56,943,850
73$94,363,984$40,341,814$31,161,926$61,278,799
74$103,910,359$42,239,812$32,127,099$65,996,830
75$114,427,984$44,228,331$33,122,125$71,134,532
76$126,015,848$46,311,728$34,147,926$76,732,115
77$138,783,034$48,494,573$35,205,451$82,833,778
78$152,849,751$50,781,655$36,295,681$89,488,107
79$168,348,465$53,177,995$37,419,626$96,748,522
80$185,425,151$55,688,859$38,578,326$104,673,757
81$204,240,671$58,319,767$39,772,854$113,328,406
82$224,972,292$61,076,508$41,004,317$122,783,504
83$247,815,358$63,965,150$42,273,855$133,117,187
84$272,985,139$66,992,056$43,582,642$144,415,401
85$300,718,854$70,163,898$44,931,892$156,772,699
86$331,277,919$73,487,671$46,322,852$170,293,106
87$364,950,409$76,970,709$47,756,810$185,091,079
88$402,053,781$80,620,704$49,235,094$201,292,564
89$442,937,867$84,445,720$50,759,070$219,036,159
90$487,988,180$88,454,210$52,330,149$238,474,394
91$537,629,551$92,655,043$53,949,786$259,775,144
92$592,330,138$97,057,513$55,619,477$283,123,185
93$652,605,850$101,671,369$57,340,767$308,721,905
94$719,025,213$106,506,833$59,115,249$336,795,195
95$792,214,739$111,574,621$60,944,563$367,589,526
96$872,864,838$116,885,973$62,830,402$401,376,242
97$961,736,339$122,452,673$64,774,508$438,454,086
98$1,059,667,671$128,287,080$66,778,679$479,151,977
99$1,167,582,777$134,402,150$68,844,769$523,832,080
100$1,286,499,837$140,811,472$70,974,685$572,893,180