Can I retire at age 57 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,528,669
2 years$788,998$774,304$760,063$746,255$732,861$722,434
3 years$520,774$506,016$491,811$478,133$464,957$454,764
4 years$386,688$371,975$357,912$344,468$331,612$321,731
5 years$306,257$291,633$277,755$264,584$252,086$242,548
6 years$252,655$238,140$224,467$211,590$199,467$190,284
7 years$214,382$199,990$186,533$173,960$162,220$153,395
8 years$185,691$171,428$158,195$145,931$134,577$126,112
9 years$163,387$149,259$136,253$124,301$113,333$105,225
10 years$145,554$131,565$118,789$107,148$96,566$88,810
11 years$130,973$117,124$104,580$93,251$83,050$75,641
12 years$118,831$105,124$92,812$81,794$71,969$64,901
13 years$108,565$95,002$82,921$72,212$62,759$56,024
14 years$99,774$86,354$74,505$64,101$55,014$48,604
15 years$92,161$78,886$67,268$57,167$48,438$42,346
16 years$85,506$72,376$60,988$51,187$42,810$37,025
17 years$79,641$66,656$55,497$45,991$37,958$32,472
18 years$74,433$61,593$50,662$41,447$33,751$28,553
19 years$69,778$57,084$46,378$37,451$30,083$25,164
20 years$65,595$53,045$42,564$33,919$26,871$22,221
21 years$61,814$49,409$39,150$30,784$24,046$19,655
22 years$58,382$46,122$36,083$27,990$21,554$17,412
23 years$55,253$43,137$33,316$25,491$19,348$15,444
24 years$52,389$40,416$30,812$23,249$17,390$13,715
25 years$49,758$37,929$28,538$21,232$15,649$12,191
26 years$47,334$35,647$26,468$19,414$14,096$10,846
27 years$45,093$33,548$24,578$17,770$12,709$9,658
28 years$43,015$31,612$22,848$16,281$11,467$8,605
29 years$41,085$29,822$21,262$14,930$10,355$7,672
30 years$39,286$28,164$19,805$13,702$9,356$6,844
31 years$37,607$26,624$18,463$12,584$8,459$6,108
32 years$36,036$25,192$17,227$11,565$7,652$5,453
33 years$34,563$23,857$16,085$10,635$6,925$4,871
34 years$33,180$22,611$15,029$9,785$6,269$4,352
35 years$31,879$21,446$14,051$9,008$5,678$3,890
36 years$30,653$20,356$13,144$8,296$5,145$3,478
37 years$29,496$19,333$12,303$7,644$4,663$3,110
38 years$28,402$18,374$11,521$7,045$4,228$2,782
39 years$27,367$17,471$10,794$6,496$3,834$2,488
40 years$26,386$16,623$10,117$5,992$3,477$2,227
41 years$25,456$15,823$9,487$5,528$3,155$1,992
42 years$24,572$15,070$8,899$5,102$2,863$1,783
43 years$23,731$14,358$8,350$4,710$2,598$1,596
44 years$22,931$13,686$7,838$4,349$2,358$1,429
45 years$22,169$13,051$7,360$4,016$2,141$1,279
46 years$21,442$12,450$6,912$3,710$1,944$1,146
47 years$20,748$11,881$6,494$3,427$1,765$1,026
48 years$20,085$11,342$6,103$3,167$1,603$919
49 years$19,450$10,831$5,736$2,927$1,456$823
50 years$18,844$10,347$5,393$2,705$1,322$737

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $19,300,000, adding $5,355 every year, while hoping to spend $41,134 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: 77/5/18 Blend
56$19,300,000$19,300,000$19,300,000$19,300,000
57$21,274,124$20,251,224$19,952,074$22,825,325
58$23,400,318$21,199,767$20,576,702$24,799,726
59$25,742,006$22,193,411$21,220,877$26,958,814
60$28,321,123$23,234,321$21,885,209$29,325,604
61$31,161,844$24,324,769$22,570,330$31,920,844
62$34,290,805$25,467,136$23,276,889$34,767,382
63$37,737,360$26,663,918$24,005,557$37,890,383
64$41,533,853$27,917,733$24,757,026$41,317,558
65$45,715,928$29,231,323$25,532,008$45,079,428
66$50,322,861$30,607,567$26,331,239$49,209,609
67$55,397,935$32,049,480$27,155,478$53,745,128
68$60,988,844$33,560,224$28,005,506$58,726,765
69$67,148,146$35,143,115$28,882,130$64,199,444
70$73,933,758$36,801,628$29,786,182$70,212,645
71$81,409,501$38,539,408$30,718,519$76,820,876
72$89,645,707$40,360,276$31,680,027$84,084,180
73$98,719,878$42,268,238$32,671,616$92,068,700
74$108,717,419$44,267,496$33,694,229$100,847,302
75$119,732,445$46,362,452$34,748,835$110,500,258
76$131,868,668$48,557,726$35,836,434$121,116,000
77$145,240,376$50,858,158$36,958,059$132,791,952
78$159,973,513$53,268,827$38,114,772$145,635,448
79$176,206,867$55,795,055$39,307,673$159,764,737
80$194,093,378$58,442,423$40,537,891$175,310,099
81$213,801,587$61,216,785$41,806,594$192,415,072
82$235,517,218$64,124,278$43,114,984$211,237,797
83$259,444,943$67,171,336$44,464,304$231,952,512
84$285,810,301$70,364,705$45,855,833$254,751,192
85$314,861,838$73,711,463$47,290,890$279,845,354
86$346,873,447$77,219,026$48,770,836$307,468,048
87$382,146,955$80,895,174$50,297,075$337,876,056
88$421,014,972$84,748,065$51,871,055$371,352,309
89$463,844,031$88,786,252$53,494,267$408,208,552
90$511,038,048$93,018,704$55,168,250$448,788,280
91$563,042,135$97,454,827$56,894,593$493,469,979
92$620,346,803$102,104,483$58,674,932$542,670,686
93$683,492,589$106,978,016$60,510,955$596,849,928
94$753,075,164$112,086,269$62,404,403$656,514,048
95$829,750,951$117,440,616$64,357,070$722,220,976
96$914,243,325$123,052,984$66,370,809$794,585,498
97$1,007,349,441$128,935,877$68,447,528$874,285,041
98$1,109,947,759$135,102,410$70,589,196$962,066,070
99$1,223,006,340$141,566,337$72,797,843$1,058,751,120
100$1,347,591,979$148,342,080$75,075,563$1,165,246,558