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%18.4%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,432,847
2 years$760,381$746,220$732,495$719,188$706,281$656,065
3 years$501,886$487,663$473,973$460,791$448,094$399,583
4 years$372,663$358,484$344,931$331,974$319,584$273,149
5 years$295,150$281,056$267,681$254,988$242,943$198,707
6 years$243,491$229,503$216,326$203,916$192,232$150,231
7 years$206,606$192,736$179,768$167,650$156,336$116,562
8 years$178,956$165,211$152,457$140,638$129,696$92,118
9 years$157,461$143,846$131,311$119,792$109,223$73,796
10 years$140,275$126,793$114,480$103,262$93,063$59,729
11 years$126,223$112,876$100,787$89,869$80,038$48,731
12 years$114,521$101,312$89,446$78,827$69,359$40,009
13 years$104,628$91,556$79,914$69,593$60,482$33,013
14 years$96,155$83,222$71,803$61,776$53,018$27,350
15 years$88,818$76,025$64,828$55,094$46,682$22,733
16 years$82,405$69,751$58,776$49,330$41,257$18,947
17 years$76,752$64,238$53,484$44,323$36,582$15,825
18 years$71,733$59,359$48,824$39,944$32,527$13,243
19 years$67,248$55,013$44,696$36,093$28,992$11,098
20 years$63,216$51,121$41,020$32,689$25,896$9,312
21 years$59,572$47,617$37,730$29,667$23,174$7,822
22 years$56,265$44,449$34,774$26,974$20,772$6,576
23 years$53,249$41,572$32,108$24,566$18,646$5,533
24 years$50,489$38,951$29,694$22,406$16,760$4,658
25 years$47,954$36,553$27,503$20,462$15,081$3,923
26 years$45,617$34,354$25,508$18,710$13,585$3,306
27 years$43,457$32,331$23,686$17,125$12,248$2,787
28 years$41,455$30,466$22,019$15,690$11,051$2,350
29 years$39,595$28,741$20,491$14,388$9,979$1,982
30 years$37,862$27,143$19,086$13,205$9,017$1,672
31 years$36,243$25,659$17,794$12,128$8,152$1,411
32 years$34,729$24,278$16,602$11,146$7,374$1,190
33 years$33,310$22,992$15,501$10,249$6,673$1,005
34 years$31,977$21,791$14,483$9,430$6,042$848
35 years$30,723$20,669$13,541$8,681$5,473$716
36 years$29,541$19,618$12,667$7,995$4,958$604
37 years$28,426$18,632$11,856$7,366$4,494$510
38 years$27,372$17,707$11,103$6,790$4,074$431
39 years$26,374$16,838$10,402$6,261$3,695$364
40 years$25,429$16,020$9,750$5,774$3,351$307
41 years$24,532$15,249$9,142$5,328$3,040$259
42 years$23,681$14,523$8,576$4,917$2,759$219
43 years$22,871$13,837$8,047$4,539$2,504$185
44 years$22,099$13,190$7,554$4,191$2,273$156
45 years$21,365$12,578$7,093$3,870$2,063$132
46 years$20,664$11,999$6,662$3,575$1,873$111
47 years$19,995$11,450$6,259$3,303$1,701$94
48 years$19,356$10,931$5,881$3,052$1,545$79
49 years$18,745$10,439$5,528$2,821$1,403$67
50 years$18,160$9,971$5,197$2,607$1,274$57

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 $6,274 every year, while hoping to spend $42,433 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: 62/12/26 Blend
56$18,600,000$18,600,000$18,600,000$18,600,000
57$20,503,672$19,517,872$19,229,572$21,632,513
58$22,549,898$20,429,099$19,828,614$23,310,268
59$24,803,417$21,383,554$20,446,302$25,136,199
60$27,285,328$22,383,311$21,083,215$27,129,048
61$30,018,880$23,430,542$21,739,952$29,305,136
62$33,029,695$24,527,527$22,417,129$31,682,419
63$36,346,002$25,676,655$23,115,382$34,280,657
64$39,998,912$26,880,428$23,835,365$37,121,598
65$44,022,706$28,141,474$24,577,754$40,229,176
66$48,455,159$29,462,544$25,343,246$43,629,735
67$53,337,900$30,846,524$26,132,560$47,352,273
68$58,716,801$32,296,438$26,946,436$51,428,711
69$64,642,410$33,815,459$27,785,637$55,894,192
70$71,170,432$35,406,912$28,650,951$60,787,403
71$78,362,247$37,074,283$29,543,190$66,150,942
72$86,285,500$38,821,226$30,463,190$72,031,709
73$95,014,729$40,651,574$31,411,815$78,481,348
74$104,632,075$42,569,344$32,389,954$85,556,724
75$115,228,054$44,578,750$33,398,525$93,320,460
76$126,902,413$46,684,206$34,438,473$101,841,516
77$139,765,072$48,890,345$35,510,775$111,195,839
78$153,937,158$51,202,021$36,616,435$121,467,070
79$169,552,153$53,624,324$37,756,490$132,747,329
80$186,757,149$56,162,592$38,932,008$145,138,074
81$205,714,241$58,822,422$40,144,094$158,751,055
82$226,602,054$61,609,682$41,393,881$173,709,361
83$249,617,430$64,530,523$42,682,543$190,148,571
84$274,977,287$67,591,397$44,011,287$208,218,030
85$302,920,664$70,799,069$45,381,359$228,082,244
86$333,710,979$74,160,632$46,794,042$249,922,431
87$367,638,518$77,683,521$48,250,661$273,938,215
88$405,023,170$81,375,536$49,752,581$300,349,509
89$446,217,450$85,244,854$51,301,209$329,398,571
90$491,609,826$89,300,049$52,897,997$361,352,289
91$541,628,389$93,550,112$54,544,440$396,504,684
92$596,744,887$98,004,470$56,242,082$435,179,676
93$657,479,186$102,673,010$57,992,512$477,734,130
94$724,404,173$107,566,097$59,797,370$524,561,211
95$798,151,164$112,694,601$61,658,348$576,094,083
96$879,415,868$118,069,922$63,577,188$632,809,985
97$968,964,951$123,704,012$65,555,688$695,234,722
98$1,067,643,273$129,609,406$67,595,700$763,947,612
99$1,176,381,866$135,799,246$69,699,136$839,586,943
100$1,296,206,724$142,287,317$71,867,965$922,855,978