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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.7%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,496,360
2 years$772,646$758,256$744,310$730,788$717,673$706,831
3 years$509,981$495,529$481,618$468,223$455,321$444,725
4 years$378,674$364,266$350,494$337,328$324,739$314,470
5 years$299,910$285,589$271,998$259,101$246,861$236,950
6 years$247,418$233,205$219,815$207,205$195,333$185,792
7 years$209,939$195,845$182,667$170,354$158,858$149,692
8 years$181,842$167,875$154,916$142,906$131,788$122,997
9 years$160,000$146,166$133,429$121,724$110,985$102,566
10 years$142,537$128,838$116,327$104,928$94,564$86,514
11 years$128,259$114,697$102,412$91,318$81,329$73,640
12 years$116,368$102,946$90,888$80,099$70,478$63,145
13 years$106,315$93,033$81,203$70,715$61,458$54,473
14 years$97,706$84,564$72,961$62,773$53,874$47,228
15 years$90,251$77,251$65,874$55,982$47,435$41,119
16 years$83,734$70,876$59,724$50,126$41,923$35,928
17 years$77,990$65,274$54,347$45,038$37,172$31,488
18 years$72,890$60,317$49,612$40,588$33,051$27,669
19 years$68,332$55,901$45,417$36,675$29,459$24,367
20 years$64,235$51,946$41,681$33,216$26,314$21,501
21 years$60,533$48,385$38,339$30,146$23,548$19,005
22 years$57,172$45,166$35,335$27,409$21,107$16,823
23 years$54,108$42,243$32,626$24,962$18,947$14,911
24 years$51,303$39,579$30,173$22,767$17,030$13,231
25 years$48,727$37,143$27,947$20,792$15,324$11,752
26 years$46,353$34,908$25,919$19,011$13,804$10,447
27 years$44,158$32,853$24,068$17,402$12,445$9,295
28 years$42,124$30,957$22,374$15,944$11,230$8,275
29 years$40,233$29,204$20,821$14,621$10,140$7,372
30 years$38,472$27,580$19,394$13,418$9,162$6,571
31 years$36,828$26,073$18,081$12,323$8,283$5,860
32 years$35,289$24,670$16,870$11,326$7,493$5,228
33 years$33,847$23,363$15,751$10,415$6,781$4,665
34 years$32,493$22,143$14,717$9,582$6,140$4,165
35 years$31,218$21,002$13,759$8,821$5,561$3,720
36 years$30,018$19,934$12,872$8,124$5,038$3,323
37 years$28,884$18,933$12,048$7,485$4,566$2,969
38 years$27,813$17,993$11,282$6,899$4,140$2,653
39 years$26,800$17,109$10,570$6,362$3,754$2,371
40 years$25,839$16,278$9,907$5,868$3,405$2,120
41 years$24,928$15,495$9,290$5,414$3,089$1,895
42 years$24,062$14,757$8,714$4,996$2,803$1,695
43 years$23,239$14,061$8,177$4,612$2,544$1,516
44 years$22,456$13,403$7,676$4,258$2,309$1,356
45 years$21,709$12,781$7,207$3,933$2,096$1,213
46 years$20,997$12,192$6,769$3,633$1,903$1,085
47 years$20,318$11,635$6,360$3,356$1,728$971
48 years$19,668$11,107$5,976$3,101$1,570$869
49 years$19,047$10,607$5,617$2,866$1,426$777
50 years$18,453$10,132$5,281$2,649$1,295$695

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 $6,022 every year, while hoping to spend $53,256 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: 85/9/6 Blend
56$18,900,000$18,900,000$18,900,000$18,900,000
57$20,834,012$19,832,312$19,539,362$22,598,645
58$22,902,417$20,747,431$20,137,266$24,665,447
59$25,180,015$21,705,606$20,753,416$26,927,708
60$27,688,086$22,708,891$21,388,365$29,411,283
61$30,450,082$23,759,437$22,042,686$32,138,378
62$33,491,842$24,859,502$22,716,968$35,133,446
63$36,841,841$26,011,449$23,411,818$38,423,422
64$40,531,456$27,217,756$24,127,861$42,037,967
65$44,595,261$28,481,023$24,865,741$46,009,755
66$49,071,357$29,803,973$25,626,122$50,374,771
67$54,001,727$31,189,459$26,409,689$55,172,655
68$59,432,635$32,640,475$27,217,146$60,447,067
69$65,415,062$34,160,156$28,049,218$66,246,103
70$72,005,186$35,751,791$28,906,655$72,622,741
71$79,264,913$37,418,827$29,790,225$79,635,344
72$87,262,460$39,164,876$30,700,725$87,348,200
73$96,073,002$40,993,726$31,638,970$95,832,134
74$105,779,377$42,909,347$32,605,804$105,165,167
75$116,472,871$44,915,903$33,602,096$115,433,255
76$128,254,077$47,017,755$34,628,739$126,731,090
77$141,233,847$49,219,479$35,686,656$139,162,997
78$155,534,335$51,525,869$36,776,795$152,843,910
79$171,290,155$53,941,954$37,900,135$167,900,456
80$188,649,644$56,473,003$39,057,683$184,472,144
81$207,776,270$59,124,543$40,250,478$202,712,681
82$228,850,169$61,902,365$41,479,588$222,791,413
83$252,069,849$64,812,544$42,746,117$244,894,924
84$277,654,060$67,861,445$44,051,199$269,228,790
85$305,843,863$71,055,745$45,396,003$296,019,516
86$336,904,903$74,402,441$46,781,734$325,516,667
87$371,129,915$77,908,873$48,209,634$357,995,218
88$408,841,490$81,582,732$49,680,981$393,758,146
89$450,395,120$85,432,084$51,197,092$433,139,284
90$496,182,552$89,465,386$52,759,324$476,506,465
91$546,635,487$93,691,504$54,369,076$524,264,986
92$602,229,654$98,119,735$56,027,788$576,861,431
93$663,489,303$102,759,826$57,736,943$634,787,876
94$730,992,151$107,621,997$59,498,069$698,586,531
95$805,374,838$112,716,962$61,312,742$768,854,845
96$887,338,936$118,055,958$63,182,583$846,251,143
97$977,657,571$123,650,764$65,109,264$931,500,828
98$1,077,182,725$129,513,732$67,094,505$1,025,403,224
99$1,186,853,272$135,657,815$69,140,081$1,128,839,109
100$1,307,703,850$142,096,591$71,247,817$1,242,779,024