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%19.3%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,427,728
2 years$760,381$746,220$732,495$719,188$706,281$651,039
3 years$501,886$487,663$473,973$460,791$448,094$394,809
4 years$372,663$358,484$344,931$331,974$319,584$268,664
5 years$295,150$281,056$267,681$254,988$242,943$194,518
6 years$243,491$229,503$216,326$203,916$192,232$146,337
7 years$206,606$192,736$179,768$167,650$156,336$112,959
8 years$178,956$165,211$152,457$140,638$129,696$88,796
9 years$157,461$143,846$131,311$119,792$109,223$70,743
10 years$140,275$126,793$114,480$103,262$93,063$56,933
11 years$126,223$112,876$100,787$89,869$80,038$46,179
12 years$114,521$101,312$89,446$78,827$69,359$37,687
13 years$104,628$91,556$79,914$69,593$60,482$30,906
14 years$96,155$83,222$71,803$61,776$53,018$25,445
15 years$88,818$76,025$64,828$55,094$46,682$21,014
16 years$82,405$69,751$58,776$49,330$41,257$17,400
17 years$76,752$64,238$53,484$44,323$36,582$14,438
18 years$71,733$59,359$48,824$39,944$32,527$12,000
19 years$67,248$55,013$44,696$36,093$28,992$9,988
20 years$63,216$51,121$41,020$32,689$25,896$8,324
21 years$59,572$47,617$37,730$29,667$23,174$6,943
22 years$56,265$44,449$34,774$26,974$20,772$5,796
23 years$53,249$41,572$32,108$24,566$18,646$4,842
24 years$50,489$38,951$29,694$22,406$16,760$4,047
25 years$47,954$36,553$27,503$20,462$15,081$3,384
26 years$45,617$34,354$25,508$18,710$13,585$2,831
27 years$43,457$32,331$23,686$17,125$12,248$2,369
28 years$41,455$30,466$22,019$15,690$11,051$1,983
29 years$39,595$28,741$20,491$14,388$9,979$1,661
30 years$37,862$27,143$19,086$13,205$9,017$1,391
31 years$36,243$25,659$17,794$12,128$8,152$1,165
32 years$34,729$24,278$16,602$11,146$7,374$976
33 years$33,310$22,992$15,501$10,249$6,673$817
34 years$31,977$21,791$14,483$9,430$6,042$685
35 years$30,723$20,669$13,541$8,681$5,473$574
36 years$29,541$19,618$12,667$7,995$4,958$481
37 years$28,426$18,632$11,856$7,366$4,494$403
38 years$27,372$17,707$11,103$6,790$4,074$338
39 years$26,374$16,838$10,402$6,261$3,695$283
40 years$25,429$16,020$9,750$5,774$3,351$237
41 years$24,532$15,249$9,142$5,328$3,040$199
42 years$23,681$14,523$8,576$4,917$2,759$167
43 years$22,871$13,837$8,047$4,539$2,504$140
44 years$22,099$13,190$7,554$4,191$2,273$117
45 years$21,365$12,578$7,093$3,870$2,063$98
46 years$20,664$11,999$6,662$3,575$1,873$82
47 years$19,995$11,450$6,259$3,303$1,701$69
48 years$19,356$10,931$5,881$3,052$1,545$58
49 years$18,745$10,439$5,528$2,821$1,403$48
50 years$18,160$9,971$5,197$2,607$1,274$41

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 $4,319 every year, while hoping to spend $46,284 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: 57/35/8 Blend
56$18,600,000$18,600,000$18,600,000$18,600,000
57$20,501,655$19,515,855$19,227,555$21,632,543
58$22,543,578$20,422,886$19,822,432$23,301,544
59$24,792,226$21,372,810$20,435,687$25,113,599
60$27,268,636$22,367,681$21,067,885$27,086,793
61$29,995,989$23,409,650$21,719,612$29,236,525
62$32,999,830$24,500,972$22,391,468$31,579,718
63$36,308,306$25,644,014$23,084,076$34,134,974
64$39,952,435$26,841,253$23,798,075$36,922,739
65$43,966,398$28,095,288$24,534,124$39,965,490
66$48,387,857$29,408,843$25,292,904$43,287,943
67$53,258,316$30,784,775$26,075,114$46,917,275
68$58,623,512$32,226,076$26,881,478$50,883,373
69$64,533,843$33,735,886$27,712,740$55,219,109
70$71,044,845$35,317,495$28,569,667$59,960,638
71$78,217,719$36,974,352$29,453,051$65,147,736
72$86,119,904$38,710,073$30,363,706$70,824,159
73$94,825,718$40,528,450$31,302,474$77,038,050
74$104,417,054$42,433,458$32,270,220$83,842,381
75$114,984,159$44,429,263$33,267,838$91,295,444
76$126,626,481$46,520,234$34,296,247$99,461,385
77$139,453,608$48,710,951$35,356,398$108,410,804
78$153,586,306$51,006,218$36,449,267$118,221,400
79$169,157,654$53,411,068$37,575,863$128,978,699
80$186,314,305$55,930,780$38,737,224$140,776,844
81$205,217,865$58,570,890$39,934,422$153,719,466
82$226,046,423$61,337,198$41,168,561$167,920,652
83$248,996,228$64,235,791$42,440,777$183,506,002
84$274,283,544$67,273,046$43,752,245$200,613,800
85$302,146,693$70,455,653$45,104,172$219,396,300
86$332,848,299$73,790,623$46,497,805$240,021,147
87$366,677,772$77,285,310$47,934,428$262,672,934
88$403,954,038$80,947,424$49,415,365$287,554,934
89$445,028,550$84,785,048$50,941,980$314,890,989
90$490,288,605$88,806,658$52,515,679$344,927,604
91$540,161,001$93,021,142$54,137,912$377,936,251
92$595,116,064$97,437,819$55,810,174$414,215,907
93$655,672,091$102,066,460$57,534,003$454,095,848
94$722,400,239$106,917,312$59,310,987$497,938,737
95$795,929,921$112,001,118$61,142,762$546,144,011
96$876,954,744$117,329,143$63,031,015$599,151,629
97$966,239,057$122,913,201$64,977,484$657,446,192
98$1,064,625,171$128,765,677$66,983,959$721,561,483
99$1,173,041,304$134,899,562$69,052,288$792,085,476
100$1,292,510,351$141,328,474$71,184,374$869,665,851