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%12.5%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,459,810
2 years$756,293$742,208$728,557$715,322$702,484$686,969
3 years$499,187$485,041$471,425$458,314$445,685$430,543
4 years$370,659$356,557$343,077$330,189$317,866$303,214
5 years$293,563$279,545$266,242$253,617$241,637$227,517
6 years$242,182$228,269$215,163$202,820$191,199$177,629
7 years$205,496$191,700$178,801$166,749$155,496$142,482
8 years$177,994$164,322$151,638$139,882$128,999$116,540
9 years$156,614$143,072$130,605$119,148$108,636$96,727
10 years$139,521$126,111$113,865$102,707$92,563$81,197
11 years$125,544$112,269$100,245$89,386$79,607$68,775
12 years$113,906$100,767$88,965$78,403$68,986$58,676
13 years$104,065$91,064$79,484$69,218$60,157$50,357
14 years$95,638$82,775$71,417$61,444$52,733$43,430
15 years$88,341$75,616$64,480$54,798$46,431$37,610
16 years$81,962$69,376$58,460$49,065$41,036$32,683
17 years$76,340$63,893$53,197$44,085$36,385$28,485
18 years$71,347$59,040$48,562$39,729$32,352$24,888
19 years$66,886$54,718$44,456$35,899$28,836$21,792
20 years$62,876$50,846$40,799$32,513$25,757$19,117
21 years$59,252$47,361$37,528$29,508$23,049$16,798
22 years$55,962$44,210$34,587$26,829$20,660$14,780
23 years$52,963$41,349$31,935$24,434$18,546$13,021
24 years$50,218$38,741$29,535$22,285$16,670$11,483
25 years$47,696$36,357$27,355$20,352$15,000$10,136
26 years$45,372$34,169$25,371$18,609$13,512$8,955
27 years$43,224$32,157$23,559$17,033$12,182$7,916
28 years$41,232$30,302$21,901$15,606$10,992$7,003
29 years$39,382$28,586$20,381$14,311$9,925$6,199
30 years$37,658$26,997$18,984$13,134$8,968$5,489
31 years$36,048$25,521$17,698$12,063$8,108$4,863
32 years$34,543$24,148$16,513$11,086$7,334$4,310
33 years$33,131$22,868$15,418$10,194$6,638$3,821
34 years$31,805$21,674$14,406$9,380$6,010$3,389
35 years$30,558$20,557$13,468$8,635$5,443$3,006
36 years$29,382$19,512$12,599$7,952$4,932$2,667
37 years$28,273$18,532$11,793$7,327$4,470$2,367
38 years$27,225$17,612$11,043$6,753$4,052$2,101
39 years$26,233$16,747$10,346$6,227$3,675$1,865
40 years$25,292$15,934$9,698$5,743$3,333$1,656
41 years$24,400$15,167$9,093$5,299$3,024$1,470
42 years$23,553$14,445$8,530$4,890$2,744$1,306
43 years$22,748$13,763$8,004$4,514$2,490$1,160
44 years$21,981$13,119$7,513$4,168$2,260$1,030
45 years$21,250$12,510$7,055$3,850$2,052$915
46 years$20,553$11,934$6,626$3,556$1,863$813
47 years$19,888$11,389$6,225$3,285$1,692$722
48 years$19,252$10,872$5,850$3,036$1,536$642
49 years$18,644$10,382$5,498$2,805$1,395$570
50 years$18,062$9,918$5,169$2,593$1,267$507

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 $4,669 every year, while hoping to spend $45,076 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: 77/10/13 Blend
56$18,500,000$18,500,000$18,500,000$18,500,000
57$20,391,816$19,411,316$19,124,566$21,908,577
58$22,423,821$20,314,510$19,717,279$23,811,827
59$24,661,579$21,260,450$20,328,336$25,892,115
60$27,126,031$22,251,182$20,958,306$28,172,004
61$29,840,249$23,288,853$21,607,772$30,671,379
62$32,829,659$24,375,712$22,277,337$33,412,130
63$36,122,279$25,514,116$22,967,623$36,418,361
64$39,748,982$26,706,538$23,679,268$39,716,617
65$43,743,789$27,955,569$24,412,934$43,336,125
66$48,144,189$29,263,926$25,169,301$47,309,074
67$52,991,493$30,634,456$25,949,070$51,670,910
68$58,331,226$32,070,144$26,752,965$56,460,673
69$64,213,551$33,574,121$27,581,729$61,721,358
70$70,693,748$35,149,669$28,436,132$67,500,319
71$77,832,734$36,800,226$29,316,966$73,849,714
72$85,697,635$38,529,399$30,225,046$80,826,991
73$94,362,424$40,340,970$31,161,215$88,495,429
74$103,908,616$42,238,901$32,126,341$96,924,728
75$114,426,037$44,227,351$33,121,316$106,191,667
76$126,013,677$46,310,674$34,147,064$116,380,822
77$138,780,615$48,493,440$35,204,533$127,585,360
78$152,847,057$50,780,439$36,294,705$139,907,915
79$168,345,468$53,176,691$37,418,588$153,461,549
80$185,421,818$55,687,462$38,577,224$168,370,818
81$204,236,968$58,318,271$39,771,685$184,772,941
82$224,968,179$61,074,908$41,003,077$202,819,089
83$247,810,795$63,963,439$42,272,541$222,675,806
84$272,980,076$66,990,228$43,581,251$244,526,578
85$300,713,240$70,161,945$44,930,420$268,573,555
86$331,271,697$73,485,587$46,321,295$295,039,456
87$364,943,516$76,968,487$47,755,165$324,169,661
88$402,046,147$80,618,335$49,233,355$356,234,525
89$442,929,416$84,443,195$50,757,234$391,531,919
90$487,978,827$88,451,522$52,328,212$430,390,035
91$537,619,202$92,652,181$53,947,742$473,170,478
92$592,318,691$97,054,469$55,617,322$520,271,668
93$652,593,191$101,668,132$57,338,496$572,132,594
94$719,011,217$106,503,391$59,112,856$629,236,952
95$792,199,268$111,570,964$60,942,044$692,117,695
96$872,847,741$116,882,088$62,827,749$761,362,058
97$961,717,448$122,448,548$64,771,717$837,617,094
98$1,059,646,802$128,282,701$66,775,743$921,595,766
99$1,167,559,726$134,397,503$68,841,681$1,014,083,669
100$1,286,474,380$140,806,543$70,971,439$1,115,946,435