Can I retire at age 57 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,470,122
2 years$776,734$762,268$748,248$734,655$721,470$676,540
3 years$512,679$498,150$484,166$470,701$457,730$414,244
4 years$380,677$366,193$352,349$339,113$326,457$284,748
5 years$301,497$287,100$273,437$260,471$248,167$208,348
6 years$248,727$234,439$220,978$208,301$196,366$158,473
7 years$211,050$196,881$183,634$171,256$159,698$123,730
8 years$182,804$168,764$155,736$143,662$132,485$98,420
9 years$160,847$146,939$134,135$122,368$111,572$79,375
10 years$143,292$129,520$116,942$105,483$95,065$64,690
11 years$128,937$115,304$102,954$91,802$81,759$53,155
12 years$116,984$103,490$91,369$80,522$70,850$43,961
13 years$106,878$93,525$81,632$71,089$61,783$36,546
14 years$98,223$85,012$73,347$63,105$54,159$30,509
15 years$90,728$77,660$66,222$56,279$47,686$25,557
16 years$84,177$71,251$60,040$50,391$42,145$21,470
17 years$78,403$65,620$54,634$45,276$37,368$18,078
18 years$73,276$60,636$49,874$40,803$33,226$15,252
19 years$68,694$56,197$45,657$36,869$29,615$12,889
20 years$64,575$52,221$41,902$33,392$26,453$10,906
21 years$60,853$48,641$38,542$30,305$23,672$9,239
22 years$57,475$45,405$35,522$27,554$21,219$7,835
23 years$54,394$42,466$32,798$25,094$19,047$6,649
24 years$51,575$39,788$30,333$22,888$17,120$5,647
25 years$48,985$37,339$28,094$20,902$15,406$4,798
26 years$46,598$35,093$26,056$19,112$13,877$4,079
27 years$44,392$33,026$24,195$17,494$12,511$3,469
28 years$42,347$31,121$22,493$16,028$11,289$2,952
29 years$40,446$29,359$20,931$14,698$10,194$2,512
30 years$38,676$27,726$19,497$13,489$9,211$2,138
31 years$37,023$26,211$18,176$12,389$8,327$1,821
32 years$35,476$24,800$16,959$11,385$7,533$1,551
33 years$34,026$23,486$15,835$10,470$6,817$1,321
34 years$32,665$22,260$14,795$9,633$6,172$1,125
35 years$31,384$21,113$13,832$8,868$5,590$959
36 years$30,176$20,039$12,940$8,167$5,065$817
37 years$29,037$19,033$12,111$7,525$4,591$696
38 years$27,961$18,088$11,342$6,936$4,162$593
39 years$26,942$17,200$10,626$6,395$3,774$505
40 years$25,976$16,364$9,960$5,899$3,423$431
41 years$25,060$15,577$9,339$5,442$3,106$367
42 years$24,190$14,835$8,760$5,023$2,818$313
43 years$23,362$14,135$8,220$4,636$2,558$267
44 years$22,575$13,474$7,716$4,281$2,321$227
45 years$21,824$12,848$7,245$3,954$2,107$194
46 years$21,108$12,257$6,805$3,652$1,913$165
47 years$20,425$11,697$6,393$3,374$1,738$141
48 years$19,772$11,166$6,008$3,118$1,578$120
49 years$19,148$10,663$5,647$2,881$1,433$102
50 years$18,551$10,186$5,309$2,663$1,302$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $19,000,000, adding $4,410 every year, while hoping to spend $53,670 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: 62/24/14 Blend
56$19,000,000$19,000,000$19,000,000$19,000,000
57$20,942,549$19,935,549$19,641,049$22,169,262
58$23,021,584$20,855,286$20,241,920$23,913,148
59$25,310,883$21,818,292$20,861,121$25,809,470
60$27,831,834$22,826,630$21,499,209$27,878,217
61$30,608,009$23,882,462$22,156,760$30,136,120
62$33,665,379$24,988,056$22,834,365$32,601,582
63$37,032,564$26,145,787$23,532,633$35,294,843
64$40,741,102$27,358,147$24,252,193$38,238,169
65$44,825,744$28,627,746$24,993,691$41,456,054
66$49,324,785$29,957,320$25,757,794$44,975,448
67$54,280,422$31,349,738$26,545,190$48,826,005
68$59,739,156$32,808,007$27,356,585$53,040,355
69$65,752,229$34,335,278$28,192,709$57,654,406
70$72,376,105$35,934,855$29,054,313$62,707,680
71$79,673,006$37,610,201$29,942,171$68,243,672
72$87,711,499$39,364,948$30,857,080$74,310,260
73$96,567,142$41,202,900$31,799,862$80,960,144
74$106,323,196$43,128,047$32,771,363$88,251,340
75$117,071,412$45,144,573$33,772,455$96,247,716
76$128,912,900$47,256,860$34,804,035$105,019,585
77$141,959,075$49,469,506$35,867,030$114,644,365
78$156,332,718$51,787,329$36,962,393$125,207,294
79$172,169,128$54,215,380$38,091,105$136,802,229
80$189,617,401$56,758,956$39,254,179$149,532,518
81$208,841,839$59,423,608$40,452,658$163,511,968
82$230,023,499$62,215,157$41,687,614$178,865,904
83$253,361,902$65,139,706$42,960,155$195,732,344
84$279,076,916$68,203,652$44,271,421$214,263,288
85$307,410,833$71,413,702$45,622,584$234,626,136
86$338,630,653$74,776,889$47,014,857$257,005,261
87$373,030,609$78,300,585$48,449,483$281,603,730
88$410,934,938$81,992,521$49,927,748$308,645,209
89$452,700,948$85,860,801$51,450,974$338,376,054
90$498,722,386$89,913,922$53,020,523$371,067,629
91$549,433,158$94,160,793$54,637,799$407,018,839
92$605,311,424$98,610,755$56,304,248$446,558,945
93$666,884,108$103,273,601$58,021,360$490,050,645
94$734,731,881$108,159,601$59,790,670$537,893,482
95$809,494,633$113,279,522$61,613,757$590,527,596
96$891,877,518$118,644,651$63,492,251$648,437,854
97$982,657,613$124,266,827$65,427,829$712,158,410
98$1,082,691,247$130,158,459$67,422,219$782,277,716
99$1,192,922,093$136,332,562$69,477,202$859,444,063
100$1,314,390,070$142,802,781$71,594,611$944,371,665