Can I retire at age 57 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,459,821
2 years$760,381$746,220$732,495$719,188$706,281$682,797
3 years$501,886$487,663$473,973$460,791$448,094$425,226
4 years$372,663$358,484$344,931$331,974$319,584$297,510
5 years$295,150$281,056$267,681$254,988$242,943$221,724
6 years$243,491$229,503$216,326$203,916$192,232$171,895
7 years$206,606$192,736$179,768$167,650$156,336$136,886
8 years$178,956$165,211$152,457$140,638$129,696$111,130
9 years$157,461$143,846$131,311$119,792$109,223$91,531
10 years$140,275$126,793$114,480$103,262$93,063$76,231
11 years$126,223$112,876$100,787$89,869$80,038$64,048
12 years$114,521$101,312$89,446$78,827$69,359$54,192
13 years$104,628$91,556$79,914$69,593$60,482$46,116
14 years$96,155$83,222$71,803$61,776$53,018$39,429
15 years$88,818$76,025$64,828$55,094$46,682$33,844
16 years$82,405$69,751$58,776$49,330$41,257$29,147
17 years$76,752$64,238$53,484$44,323$36,582$25,170
18 years$71,733$59,359$48,824$39,944$32,527$21,788
19 years$67,248$55,013$44,696$36,093$28,992$18,898
20 years$63,216$51,121$41,020$32,689$25,896$16,420
21 years$59,572$47,617$37,730$29,667$23,174$14,287
22 years$56,265$44,449$34,774$26,974$20,772$12,448
23 years$53,249$41,572$32,108$24,566$18,646$10,857
24 years$50,489$38,951$29,694$22,406$16,760$9,478
25 years$47,954$36,553$27,503$20,462$15,081$8,282
26 years$45,617$34,354$25,508$18,710$13,585$7,241
27 years$43,457$32,331$23,686$17,125$12,248$6,336
28 years$41,455$30,466$22,019$15,690$11,051$5,546
29 years$39,595$28,741$20,491$14,388$9,979$4,857
30 years$37,862$27,143$19,086$13,205$9,017$4,256
31 years$36,243$25,659$17,794$12,128$8,152$3,730
32 years$34,729$24,278$16,602$11,146$7,374$3,271
33 years$33,310$22,992$15,501$10,249$6,673$2,868
34 years$31,977$21,791$14,483$9,430$6,042$2,516
35 years$30,723$20,669$13,541$8,681$5,473$2,208
36 years$29,541$19,618$12,667$7,995$4,958$1,937
37 years$28,426$18,632$11,856$7,366$4,494$1,700
38 years$27,372$17,707$11,103$6,790$4,074$1,493
39 years$26,374$16,838$10,402$6,261$3,695$1,311
40 years$25,429$16,020$9,750$5,774$3,351$1,151
41 years$24,532$15,249$9,142$5,328$3,040$1,010
42 years$23,681$14,523$8,576$4,917$2,759$887
43 years$22,871$13,837$8,047$4,539$2,504$779
44 years$22,099$13,190$7,554$4,191$2,273$685
45 years$21,365$12,578$7,093$3,870$2,063$601
46 years$20,664$11,999$6,662$3,575$1,873$528
47 years$19,995$11,450$6,259$3,303$1,701$464
48 years$19,356$10,931$5,881$3,052$1,545$408
49 years$18,745$10,439$5,528$2,821$1,403$358
50 years$18,160$9,971$5,197$2,607$1,274$315

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $18,600,000, adding $2,910 every year, while hoping to spend $21,048 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: 38/35/27 Blend
56$18,600,000$18,600,000$18,600,000$18,600,000
57$20,500,202$19,514,402$19,226,102$21,114,130
58$22,568,827$20,448,212$19,847,781$22,498,362
59$24,847,747$21,427,074$20,489,581$23,991,209
60$27,358,390$22,453,173$21,152,154$25,604,232
61$30,124,367$23,528,800$21,836,173$27,348,350
62$33,171,699$24,656,358$22,542,332$29,235,535
63$36,529,061$25,838,369$23,271,349$31,278,919
64$40,228,050$27,077,473$24,023,964$33,492,912
65$44,303,486$28,376,445$24,800,942$35,893,326
66$48,793,741$29,738,189$25,603,072$38,497,516
67$53,741,097$31,165,755$26,431,169$41,324,537
68$59,192,151$32,662,339$27,286,075$44,395,309
69$65,198,250$34,231,293$28,168,659$47,732,808
70$71,815,979$35,876,134$29,079,816$51,362,270
71$79,107,693$37,600,549$30,020,475$55,311,420
72$87,142,106$39,408,405$30,991,589$59,610,718
73$95,994,941$41,303,756$31,994,147$64,293,638
74$105,749,641$43,290,856$33,029,167$69,396,971
75$116,498,162$45,374,166$34,097,701$74,961,153
76$128,341,836$47,558,362$35,200,837$81,030,640
77$141,392,333$49,848,351$36,339,694$87,654,308
78$155,772,709$52,249,278$37,515,432$94,885,900
79$171,618,571$54,766,539$38,729,245$102,784,520
80$189,079,358$57,405,792$39,982,367$111,415,166
81$208,319,750$60,172,973$41,276,074$120,849,336
82$229,521,223$63,074,307$42,611,680$131,165,677
83$252,883,760$66,116,320$43,990,544$142,450,710
84$278,627,744$69,305,861$45,414,068$154,799,628
85$306,996,035$72,650,109$46,883,700$168,317,170
86$338,256,262$76,156,596$48,400,935$183,118,592
87$372,703,351$79,833,219$49,967,317$199,330,727
88$410,662,309$83,688,263$51,584,438$217,093,162
89$452,491,291$87,730,415$53,253,944$236,559,526
90$498,584,985$91,968,787$54,977,533$257,898,919
91$549,378,333$96,412,937$56,756,960$281,297,474
92$605,350,639$101,072,887$58,594,034$306,960,092
93$667,030,095$105,959,149$60,490,625$335,112,338
94$734,998,767$111,082,750$62,448,663$366,002,545
95$809,898,089$116,455,252$64,470,141$399,904,123
96$892,434,919$122,088,785$66,557,116$437,118,102
97$983,388,214$127,996,068$68,711,712$477,975,941
98$1,083,616,380$134,190,444$70,936,123$522,842,617
99$1,194,065,380$140,685,905$73,232,613$572,120,031
100$1,315,777,662$147,497,128$75,603,518$626,250,760