Can I retire at age 57 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,490,753
2 years$772,646$758,256$744,310$730,788$717,673$701,201
3 years$509,981$495,529$481,618$468,223$455,321$439,248
4 years$378,674$364,266$350,494$337,328$324,739$309,188
5 years$299,910$285,589$271,998$259,101$246,861$231,879
6 years$247,418$233,205$219,815$207,205$195,333$180,937
7 years$209,939$195,845$182,667$170,354$158,858$145,055
8 years$181,842$167,875$154,916$142,906$131,788$118,576
9 years$160,000$146,166$133,429$121,724$110,985$98,359
10 years$142,537$128,838$116,327$104,928$94,564$82,518
11 years$128,259$114,697$102,412$91,318$81,329$69,850
12 years$116,368$102,946$90,888$80,099$70,478$59,556
13 years$106,315$93,033$81,203$70,715$61,458$51,079
14 years$97,706$84,564$72,961$62,773$53,874$44,024
15 years$90,251$77,251$65,874$55,982$47,435$38,098
16 years$83,734$70,876$59,724$50,126$41,923$33,084
17 years$77,990$65,274$54,347$45,038$37,172$28,814
18 years$72,890$60,317$49,612$40,588$33,051$25,158
19 years$68,332$55,901$45,417$36,675$29,459$22,013
20 years$64,235$51,946$41,681$33,216$26,314$19,296
21 years$60,533$48,385$38,339$30,146$23,548$16,942
22 years$57,172$45,166$35,335$27,409$21,107$14,896
23 years$54,108$42,243$32,626$24,962$18,947$13,113
24 years$51,303$39,579$30,173$22,767$17,030$11,555
25 years$48,727$37,143$27,947$20,792$15,324$10,192
26 years$46,353$34,908$25,919$19,011$13,804$8,997
27 years$44,158$32,853$24,068$17,402$12,445$7,948
28 years$42,124$30,957$22,374$15,944$11,230$7,025
29 years$40,233$29,204$20,821$14,621$10,140$6,213
30 years$38,472$27,580$19,394$13,418$9,162$5,497
31 years$36,828$26,073$18,081$12,323$8,283$4,866
32 years$35,289$24,670$16,870$11,326$7,493$4,309
33 years$33,847$23,363$15,751$10,415$6,781$3,817
34 years$32,493$22,143$14,717$9,582$6,140$3,382
35 years$31,218$21,002$13,759$8,821$5,561$2,998
36 years$30,018$19,934$12,872$8,124$5,038$2,658
37 years$28,884$18,933$12,048$7,485$4,566$2,357
38 years$27,813$17,993$11,282$6,899$4,140$2,090
39 years$26,800$17,109$10,570$6,362$3,754$1,854
40 years$25,839$16,278$9,907$5,868$3,405$1,644
41 years$24,928$15,495$9,290$5,414$3,089$1,459
42 years$24,062$14,757$8,714$4,996$2,803$1,295
43 years$23,239$14,061$8,177$4,612$2,544$1,149
44 years$22,456$13,403$7,676$4,258$2,309$1,020
45 years$21,709$12,781$7,207$3,933$2,096$905
46 years$20,997$12,192$6,769$3,633$1,903$803
47 years$20,318$11,635$6,360$3,356$1,728$713
48 years$19,668$11,107$5,976$3,101$1,570$633
49 years$19,047$10,607$5,617$2,866$1,426$562
50 years$18,453$10,132$5,281$2,649$1,295$499

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $18,900,000, adding $2,702 every year, while hoping to spend $44,659 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: 66/15/19 Blend
56$18,900,000$18,900,000$18,900,000$18,900,000
57$20,830,587$19,828,887$19,535,937$22,106,526
58$22,907,790$20,752,986$20,142,874$23,885,982
59$25,195,371$21,720,868$20,768,647$25,825,083
60$27,714,741$22,734,633$21,413,839$27,943,806
61$30,489,495$23,796,480$22,079,052$30,259,775
62$33,545,631$24,908,715$22,764,908$32,792,385
63$36,911,798$26,073,755$23,472,045$35,562,979
64$40,619,566$27,294,134$24,201,123$38,595,046
65$44,703,724$28,572,508$24,952,823$41,914,442
66$49,202,606$29,911,663$25,727,845$45,549,622
67$54,158,455$31,314,519$26,526,912$49,531,915
68$59,617,823$32,784,135$27,350,768$53,895,803
69$65,632,005$34,323,722$28,200,183$58,679,253
70$72,257,529$35,936,644$29,075,948$63,924,062
71$79,556,684$37,626,426$29,978,880$69,676,251
72$87,598,113$39,396,768$30,909,819$75,986,492
73$96,457,457$41,251,547$31,869,635$82,910,581
74$106,218,071$43,194,826$32,859,221$90,509,958
75$116,971,809$45,230,867$33,879,500$98,852,284
76$128,819,892$47,364,138$34,931,422$108,012,069
77$141,873,864$49,599,324$36,015,967$118,071,369
78$156,256,643$51,941,336$37,134,147$129,120,557
79$172,103,682$54,395,323$38,287,003$141,259,167
80$189,564,248$56,966,684$39,475,608$154,596,822
81$208,802,831$59,661,081$40,701,070$169,254,270
82$230,000,695$62,484,449$41,964,531$185,364,504
83$253,357,589$65,443,011$43,267,167$203,074,018
84$279,093,638$68,543,293$44,610,191$222,544,176
85$307,451,410$71,792,136$45,994,854$243,952,728
86$338,698,218$75,196,714$47,422,445$267,495,475
87$373,128,633$78,764,550$48,894,294$293,388,112
88$411,067,271$82,503,530$50,411,770$321,868,248
89$452,871,854$86,421,925$51,976,286$353,197,641
90$498,936,591$90,528,407$53,589,300$387,664,657
91$549,695,893$94,832,068$55,252,310$425,586,978
92$605,628,478$99,342,444$56,966,867$467,314,590
93$667,261,890$104,069,531$58,734,565$513,233,072
94$735,177,479$109,023,814$60,557,048$563,767,226
95$810,015,886$114,216,285$62,436,014$619,385,065
96$892,483,095$119,658,472$64,373,209$680,602,223
97$983,357,096$125,362,462$66,370,437$747,986,804
98$1,083,495,228$131,340,931$68,429,554$822,164,727
99$1,193,842,274$137,607,169$70,552,477$903,825,620
100$1,315,439,380$144,175,115$72,741,179$993,729,311