Can I retire at age 57 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,480,526
2 years$764,470$750,232$736,434$723,055$710,078$699,351
3 years$504,584$490,285$476,521$463,268$450,503$440,019
4 years$374,667$360,411$346,785$333,759$321,302$311,142
5 years$296,736$282,567$269,120$256,359$244,249$234,443
6 years$244,800$230,737$217,489$205,012$193,266$183,826
7 years$207,717$193,773$180,734$168,552$157,177$148,108
8 years$179,918$166,099$153,277$141,394$130,393$121,695
9 years$158,307$144,619$132,017$120,436$109,810$101,481
10 years$141,029$127,475$115,096$103,817$93,564$85,599
11 years$126,902$113,483$101,328$90,352$80,468$72,861
12 years$115,137$101,856$89,926$79,251$69,732$62,477
13 years$105,190$92,048$80,343$69,967$60,807$53,896
14 years$96,672$83,669$72,189$62,109$53,303$46,728
15 years$89,296$76,434$65,177$55,390$46,933$40,684
16 years$82,848$70,126$59,092$49,596$41,479$35,548
17 years$77,165$64,584$53,772$44,561$36,778$31,155
18 years$72,119$59,678$49,087$40,159$32,702$27,376
19 years$67,609$55,309$44,936$36,287$29,148$24,109
20 years$63,555$51,396$41,240$32,865$26,035$21,274
21 years$59,893$47,873$37,933$29,827$23,299$18,804
22 years$56,567$44,688$34,961$27,119$20,884$16,645
23 years$53,535$41,796$32,281$24,698$18,747$14,753
24 years$50,760$39,160$29,854$22,526$16,850$13,091
25 years$48,211$36,750$27,651$20,572$15,162$11,628
26 years$45,862$34,539$25,645$18,810$13,658$10,337
27 years$43,691$32,505$23,813$17,217$12,314$9,197
28 years$41,678$30,629$22,138$15,775$11,111$8,188
29 years$39,808$28,895$20,601$14,466$10,033$7,294
30 years$38,065$27,288$19,189$13,276$9,065$6,501
31 years$36,438$25,797$17,889$12,193$8,196$5,798
32 years$34,916$24,409$16,691$11,206$7,414$5,172
33 years$33,489$23,116$15,585$10,305$6,709$4,616
34 years$32,149$21,908$14,561$9,481$6,075$4,121
35 years$30,888$20,780$13,614$8,728$5,502$3,680
36 years$29,700$19,723$12,735$8,038$4,985$3,287
37 years$28,579$18,732$11,920$7,406$4,518$2,937
38 years$27,519$17,802$11,163$6,826$4,096$2,625
39 years$26,516$16,928$10,458$6,294$3,714$2,346
40 years$25,566$16,106$9,802$5,806$3,369$2,098
41 years$24,664$15,331$9,192$5,356$3,057$1,875
42 years$23,808$14,601$8,622$4,943$2,774$1,677
43 years$22,993$13,912$8,091$4,563$2,517$1,500
44 years$22,218$13,261$7,594$4,213$2,285$1,342
45 years$21,480$12,645$7,131$3,891$2,074$1,200
46 years$20,775$12,063$6,698$3,594$1,883$1,074
47 years$20,103$11,512$6,292$3,321$1,710$961
48 years$19,460$10,990$5,913$3,068$1,553$859
49 years$18,846$10,495$5,558$2,836$1,410$769
50 years$18,258$10,025$5,225$2,621$1,281$688

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $18,700,000, adding $4,779 every year, while hoping to spend $20,376 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: 50/30/20 Blend
56$18,700,000$18,700,000$18,700,000$18,700,000
57$20,612,330$19,621,230$19,331,380$21,527,634
58$22,693,107$20,560,990$19,957,301$23,101,189
59$24,985,441$21,546,116$20,603,508$24,807,905
60$27,510,889$22,578,808$21,270,658$26,662,366
61$30,293,206$23,661,376$21,959,431$28,678,528
62$33,358,570$24,796,240$22,670,529$30,871,724
63$36,735,827$25,985,939$23,404,675$33,258,795
64$40,456,768$27,233,136$24,162,617$35,858,251
65$44,556,421$28,540,623$24,945,129$38,690,431
66$49,073,391$29,911,329$25,753,005$41,777,692
67$54,050,217$31,348,323$26,587,071$45,144,609
68$59,533,776$32,854,828$27,448,175$48,818,203
69$65,575,727$34,434,220$28,337,194$52,828,180
70$72,232,996$36,090,042$29,255,035$57,207,210
71$79,568,316$37,826,009$30,202,633$61,991,220
72$87,650,816$39,646,015$31,180,954$67,219,727
73$96,556,678$41,554,148$32,190,993$72,936,198
74$106,369,849$43,554,692$33,233,782$79,188,449
75$117,182,843$45,652,141$34,310,383$86,029,091
76$129,097,605$47,851,207$35,421,893$93,516,003
77$142,226,479$50,156,835$36,569,444$101,712,879
78$156,693,267$52,574,207$37,754,208$110,689,806
79$172,634,397$55,108,761$38,977,391$120,523,917
80$190,200,213$57,766,198$40,240,242$131,300,103
81$209,556,392$60,552,498$41,544,046$143,111,800
82$230,885,506$63,473,933$42,890,135$156,061,856
83$254,388,753$66,537,081$44,279,879$170,263,482
84$280,287,848$69,748,840$45,714,698$185,841,308
85$308,827,122$73,116,446$47,196,053$202,932,540
86$340,275,823$76,647,487$48,725,456$221,688,235
87$374,930,665$80,349,922$50,304,466$242,274,708
88$413,118,622$84,232,097$51,934,694$264,875,083
89$455,200,018$88,302,767$53,617,804$289,690,996
90$501,571,931$92,571,114$55,355,512$316,944,482
91$552,671,937$97,046,767$57,149,590$346,880,043
92$608,982,243$101,739,827$59,001,870$379,766,932
93$671,034,240$106,660,886$60,914,240$415,901,668
94$739,413,518$111,821,056$62,888,654$455,610,814
95$814,765,398$117,231,988$64,927,124$499,254,022
96$897,801,017$122,905,904$67,031,731$547,227,408
97$989,304,050$128,855,623$69,204,624$599,967,253
98$1,090,138,104$135,094,589$71,448,019$657,954,095
99$1,201,254,870$141,636,903$73,764,207$721,717,226
100$1,323,703,110$148,497,355$76,155,552$791,839,658