Can I retire at age 57 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,493,417
2 years$784,910$770,292$756,124$742,388$729,064$691,397
3 years$518,075$503,394$489,263$475,655$462,548$426,009
4 years$384,684$370,048$356,058$342,683$329,893$294,763
5 years$304,671$290,122$276,316$263,213$250,780$217,157
6 years$251,346$236,907$223,304$210,494$198,433$166,351
7 years$213,271$198,954$185,567$173,059$161,380$130,842
8 years$184,728$170,540$157,375$145,175$133,880$104,874
9 years$162,540$148,486$135,547$123,656$112,746$85,248
10 years$144,800$130,883$118,173$106,593$96,065$70,043
11 years$130,295$116,517$104,038$92,768$82,619$58,035
12 years$118,216$104,580$92,331$81,370$71,596$48,409
13 years$108,003$94,510$82,492$71,837$62,433$40,597
14 years$99,257$85,907$74,119$63,769$54,729$34,196
15 years$91,683$78,477$66,919$56,871$48,187$28,909
16 years$85,063$72,001$60,672$50,922$42,588$24,512
17 years$79,228$66,311$55,209$45,753$37,762$20,837
18 years$74,047$61,274$50,399$41,233$33,576$17,749
19 years$69,417$56,788$46,138$37,257$29,927$15,146
20 years$65,255$52,770$42,343$33,743$26,731$12,943
21 years$61,494$49,153$38,947$30,624$23,921$11,075
22 years$58,080$45,883$35,896$27,845$21,442$9,487
23 years$54,967$42,913$33,144$25,359$19,248$8,134
24 years$52,118$40,207$30,652$23,128$17,300$6,979
25 years$49,501$37,732$28,390$21,122$15,568$5,993
26 years$47,089$35,462$26,330$19,313$14,023$5,148
27 years$44,859$33,374$24,450$17,678$12,643$4,425
28 years$42,793$31,448$22,730$16,197$11,408$3,805
29 years$40,872$29,668$21,152$14,853$10,301$3,273
30 years$39,083$28,018$19,702$13,631$9,308$2,816
31 years$37,412$26,486$18,368$12,519$8,415$2,424
32 years$35,850$25,062$17,137$11,505$7,612$2,087
33 years$34,384$23,734$16,001$10,580$6,889$1,797
34 years$33,008$22,494$14,951$9,735$6,237$1,547
35 years$31,714$21,335$13,978$8,961$5,649$1,333
36 years$30,494$20,250$13,076$8,253$5,118$1,148
37 years$29,343$19,233$12,239$7,604$4,639$989
38 years$28,255$18,278$11,461$7,009$4,206$852
39 years$27,225$17,381$10,738$6,463$3,814$734
40 years$26,249$16,537$10,065$5,961$3,459$633
41 years$25,324$15,741$9,437$5,500$3,138$545
42 years$24,444$14,991$8,853$5,075$2,848$470
43 years$23,608$14,284$8,307$4,685$2,584$405
44 years$22,812$13,615$7,798$4,326$2,346$349
45 years$22,054$12,984$7,322$3,995$2,130$301
46 years$21,331$12,386$6,877$3,690$1,934$259
47 years$20,640$11,820$6,460$3,410$1,756$223
48 years$19,980$11,284$6,071$3,151$1,595$193
49 years$19,350$10,775$5,706$2,912$1,448$166
50 years$18,746$10,293$5,365$2,691$1,315$143

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $19,200,000, adding $3,487 every year, while hoping to spend $33,839 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: 70/16/14 Blend
56$19,200,000$19,200,000$19,200,000$19,200,000
57$21,161,997$20,144,397$19,846,797$22,576,731
58$23,284,516$21,095,468$20,475,660$24,467,984
59$25,622,398$22,092,007$21,124,456$26,532,655
60$28,197,574$23,136,207$21,793,817$28,791,352
61$31,034,212$24,230,366$22,484,395$31,263,199
62$34,158,941$25,376,894$23,196,862$33,969,240
63$37,601,110$26,578,318$23,931,913$36,932,638
64$41,393,055$27,837,288$24,690,264$40,178,887
65$45,570,412$29,156,580$25,472,654$43,736,049
66$50,172,451$30,539,109$26,279,844$47,635,016
67$55,242,444$31,987,929$27,112,622$51,909,795
68$60,828,077$33,506,241$27,971,798$56,597,826
69$66,981,898$35,097,404$28,858,211$61,740,329
70$73,761,813$36,764,939$29,772,723$67,382,690
71$81,231,635$38,512,537$30,716,226$73,574,880
72$89,461,680$40,344,071$31,689,638$80,371,928
73$98,529,440$42,263,599$32,693,910$87,834,426
74$108,520,305$44,275,377$33,730,018$96,029,103
75$119,528,376$46,383,870$34,798,973$105,029,441
76$131,657,349$48,593,758$35,901,817$114,916,370
77$145,021,494$50,909,948$37,039,624$125,779,017
78$159,746,738$53,337,587$38,213,503$137,715,545
79$175,971,848$55,882,072$39,424,598$150,834,071
80$193,849,744$58,549,061$40,674,089$165,253,679
81$213,548,941$61,344,488$41,963,194$181,105,534
82$235,255,142$64,274,577$43,293,170$198,534,112
83$259,172,988$67,345,853$44,665,313$217,698,557
84$285,527,992$70,565,159$46,080,960$238,774,172
85$314,568,666$73,939,670$47,541,491$261,954,063
86$346,568,869$77,476,913$49,048,330$287,450,954
87$381,830,389$81,184,777$50,602,945$315,499,183
88$420,685,797$85,071,539$52,206,851$346,356,902
89$463,501,580$89,145,877$53,861,613$380,308,503
90$510,681,607$93,416,891$55,568,843$417,667,291
91$562,670,938$97,894,125$57,330,205$458,778,428
92$619,960,023$102,587,587$59,147,417$504,022,177
93$683,089,340$107,507,773$61,022,251$553,817,479
94$752,654,490$112,665,691$62,956,532$608,625,893
95$829,311,820$118,072,882$64,952,149$668,955,937
96$913,784,626$123,741,453$67,011,046$735,367,874
97$1,006,869,972$129,684,099$69,135,230$808,478,981
98$1,109,446,221$135,914,132$71,326,773$888,969,362
99$1,222,481,327$142,445,516$73,587,811$977,588,349
100$1,347,041,969$149,292,893$75,920,549$1,075,161,555