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%12.3%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,492,616
2 years$772,646$758,256$744,310$730,788$717,673$703,069
3 years$509,981$495,529$481,618$468,223$455,321$441,064
4 years$378,674$364,266$350,494$337,328$324,739$310,937
5 years$299,910$285,589$271,998$259,101$246,861$233,556
6 years$247,418$233,205$219,815$207,205$195,333$182,541
7 years$209,939$195,845$182,667$170,354$158,858$146,584
8 years$181,842$167,875$154,916$142,906$131,788$120,032
9 years$160,000$146,166$133,429$121,724$110,985$99,743
10 years$142,537$128,838$116,327$104,928$94,564$83,830
11 years$128,259$114,697$102,412$91,318$81,329$71,093
12 years$116,368$102,946$90,888$80,099$70,478$60,730
13 years$106,315$93,033$81,203$70,715$61,458$52,188
14 years$97,706$84,564$72,961$62,773$53,874$45,069
15 years$90,251$77,251$65,874$55,982$47,435$39,082
16 years$83,734$70,876$59,724$50,126$41,923$34,008
17 years$77,990$65,274$54,347$45,038$37,172$29,681
18 years$72,890$60,317$49,612$40,588$33,051$25,970
19 years$68,332$55,901$45,417$36,675$29,459$22,773
20 years$64,235$51,946$41,681$33,216$26,314$20,007
21 years$60,533$48,385$38,339$30,146$23,548$17,605
22 years$57,172$45,166$35,335$27,409$21,107$15,514
23 years$54,108$42,243$32,626$24,962$18,947$13,688
24 years$51,303$39,579$30,173$22,767$17,030$12,090
25 years$48,727$37,143$27,947$20,792$15,324$10,689
26 years$46,353$34,908$25,919$19,011$13,804$9,458
27 years$44,158$32,853$24,068$17,402$12,445$8,375
28 years$42,124$30,957$22,374$15,944$11,230$7,420
29 years$40,233$29,204$20,821$14,621$10,140$6,579
30 years$38,472$27,580$19,394$13,418$9,162$5,835
31 years$36,828$26,073$18,081$12,323$8,283$5,178
32 years$35,289$24,670$16,870$11,326$7,493$4,597
33 years$33,847$23,363$15,751$10,415$6,781$4,082
34 years$32,493$22,143$14,717$9,582$6,140$3,626
35 years$31,218$21,002$13,759$8,821$5,561$3,222
36 years$30,018$19,934$12,872$8,124$5,038$2,864
37 years$28,884$18,933$12,048$7,485$4,566$2,546
38 years$27,813$17,993$11,282$6,899$4,140$2,263
39 years$26,800$17,109$10,570$6,362$3,754$2,013
40 years$25,839$16,278$9,907$5,868$3,405$1,790
41 years$24,928$15,495$9,290$5,414$3,089$1,592
42 years$24,062$14,757$8,714$4,996$2,803$1,417
43 years$23,239$14,061$8,177$4,612$2,544$1,260
44 years$22,456$13,403$7,676$4,258$2,309$1,121
45 years$21,709$12,781$7,207$3,933$2,096$998
46 years$20,997$12,192$6,769$3,633$1,903$888
47 years$20,318$11,635$6,360$3,356$1,728$790
48 years$19,668$11,107$5,976$3,101$1,570$704
49 years$19,047$10,607$5,617$2,866$1,426$626
50 years$18,453$10,132$5,281$2,649$1,295$557

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 $3,089 every year, while hoping to spend $28,247 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: 40/33/27 Blend
56$18,900,000$18,900,000$18,900,000$18,900,000
57$20,830,986$19,829,286$19,536,336$21,497,909
58$22,925,692$20,770,867$20,160,749$22,923,636
59$25,233,112$21,757,638$20,805,133$24,462,212
60$27,774,911$22,791,784$21,470,127$26,126,255
61$30,574,967$23,875,597$22,156,391$27,927,268
62$33,659,589$25,011,477$22,864,606$29,877,870
63$37,057,772$26,201,943$23,595,474$31,991,908
64$40,801,463$27,449,637$24,349,721$34,284,583
65$44,925,870$28,757,327$25,128,095$36,772,582
66$49,469,791$30,127,918$25,931,368$39,474,227
67$54,475,978$31,564,455$26,760,338$42,409,640
68$59,991,545$33,070,130$27,615,826$45,600,924
69$66,068,409$34,648,293$28,498,682$49,072,359
70$72,763,781$36,302,453$29,409,782$52,850,626
71$80,140,707$38,036,294$30,350,031$56,965,042
72$88,268,664$39,853,677$31,320,361$61,447,827
73$97,224,210$41,758,650$32,321,736$66,334,402
74$107,091,714$43,755,459$33,355,149$71,663,701
75$117,964,149$45,848,556$34,421,627$77,478,536
76$129,943,968$48,042,611$35,522,227$83,825,979
77$143,144,075$50,342,521$36,658,043$90,757,799
78$157,688,885$52,753,420$37,830,203$98,330,930
79$173,715,506$55,280,692$39,039,869$106,607,998
80$191,375,027$57,929,984$40,288,244$115,657,893
81$210,833,945$60,707,219$41,576,566$125,556,403
82$232,275,741$63,618,607$42,906,114$136,386,913
83$255,902,608$66,670,659$44,278,210$148,241,173
84$281,937,359$69,870,207$45,694,215$161,220,143
85$310,625,534$73,224,412$47,155,536$175,434,930
86$342,237,716$76,740,785$48,663,624$191,007,812
87$377,072,085$80,427,205$50,219,977$208,073,371
88$415,457,232$84,291,933$51,826,140$226,779,742
89$457,755,263$88,343,631$53,483,710$247,289,986
90$504,365,218$92,591,387$55,194,332$269,783,603
91$555,726,834$97,044,728$56,959,705$294,458,204
92$612,324,700$101,713,649$58,781,585$321,531,344
93$674,692,830$106,608,629$60,661,779$351,242,550
94$743,419,708$111,740,660$62,602,157$383,855,550
95$819,153,835$117,121,270$64,604,646$419,660,734
96$902,609,860$122,762,546$66,671,236$458,977,860
97$994,575,324$128,677,169$68,803,981$502,159,036
98$1,095,918,091$134,878,435$71,004,999$549,592,012
99$1,207,594,548$141,380,289$73,276,477$601,703,802
100$1,330,658,627$148,197,358$75,620,674$658,964,672