Can I retire at age 57 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,521,355
2 years$793,086$778,316$764,001$750,121$736,659$710,914
3 years$523,472$508,638$494,359$480,610$467,367$442,306
4 years$388,691$373,903$359,767$346,252$333,330$309,147
5 years$307,844$293,144$279,194$265,955$253,392$230,156
6 years$253,964$239,374$225,630$212,686$200,500$178,238
7 years$215,493$201,026$187,500$174,861$163,061$141,779
8 years$186,653$172,317$159,015$146,687$135,274$114,969
9 years$164,233$150,033$136,959$124,945$113,921$94,580
10 years$146,308$132,246$119,404$107,703$97,066$78,675
11 years$131,652$117,731$105,121$93,734$83,480$66,018
12 years$119,447$105,669$93,293$82,218$72,342$55,787
13 years$109,128$95,494$83,351$72,586$63,084$47,411
14 years$100,290$86,801$74,891$64,434$55,299$40,482
15 years$92,638$79,295$67,617$57,463$48,689$34,701
16 years$85,949$72,751$61,304$51,452$43,032$29,842
17 years$80,053$67,001$55,784$46,229$38,155$25,734
18 years$74,818$61,912$50,924$41,662$33,926$22,244
19 years$70,140$57,380$46,619$37,645$30,239$19,265
20 years$65,934$53,320$42,784$34,095$27,010$16,714
21 years$62,135$49,665$39,353$30,943$24,171$14,521
22 years$58,685$46,361$36,270$28,135$21,666$12,632
23 years$55,539$43,360$33,489$25,623$19,448$11,001
24 years$52,661$40,626$30,972$23,369$17,481$9,589
25 years$50,016$38,125$28,686$21,342$15,730$8,365
26 years$47,579$35,832$26,605$19,514$14,169$7,303
27 years$45,326$33,722$24,705$17,862$12,774$6,379
28 years$43,238$31,776$22,966$16,365$11,527$5,575
29 years$41,298$29,977$21,372$15,007$10,408$4,875
30 years$39,490$28,310$19,907$13,773$9,404$4,264
31 years$37,802$26,762$18,559$12,649$8,503$3,731
32 years$36,223$25,323$17,316$11,625$7,691$3,266
33 years$34,743$23,981$16,168$10,690$6,961$2,860
34 years$33,352$22,728$15,106$9,836$6,302$2,504
35 years$32,044$21,558$14,123$9,055$5,708$2,194
36 years$30,812$20,461$13,212$8,339$5,172$1,922
37 years$29,648$19,434$12,366$7,683$4,687$1,684
38 years$28,549$18,469$11,581$7,082$4,249$1,476
39 years$27,509$17,562$10,850$6,530$3,854$1,293
40 years$26,523$16,709$10,169$6,023$3,495$1,134
41 years$25,587$15,905$9,536$5,557$3,171$994
42 years$24,699$15,148$8,945$5,128$2,877$871
43 years$23,854$14,433$8,393$4,734$2,611$764
44 years$23,050$13,757$7,879$4,371$2,370$670
45 years$22,284$13,119$7,398$4,037$2,152$587
46 years$21,553$12,515$6,948$3,729$1,954$515
47 years$20,855$11,943$6,528$3,445$1,774$452
48 years$20,189$11,401$6,134$3,183$1,611$396
49 years$19,551$10,887$5,766$2,942$1,463$347
50 years$18,941$10,400$5,421$2,719$1,329$305

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $19,400,000, adding $4,401 every year, while hoping to spend $50,323 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: 57/27/16 Blend
56$19,400,000$19,400,000$19,400,000$19,400,000
57$21,383,340$20,355,140$20,054,440$22,512,771
58$23,510,897$21,298,998$20,672,720$24,223,199
59$25,853,779$22,287,419$21,310,026$26,080,322
60$28,433,894$23,322,533$21,966,943$28,102,932
61$31,275,387$24,406,573$22,644,071$30,306,928
62$34,404,862$25,541,880$23,342,032$32,709,786
63$37,851,633$26,730,907$24,061,466$35,330,721
64$41,648,005$27,976,228$24,803,030$38,190,863
65$45,829,576$29,280,537$25,567,406$41,313,447
66$50,435,572$30,646,662$26,355,293$44,724,031
67$55,509,217$32,077,566$27,167,413$48,450,723
68$61,098,145$33,576,354$28,004,508$52,524,447
69$67,254,843$35,146,283$28,867,347$56,979,222
70$74,037,152$36,790,766$29,756,718$61,852,477
71$81,508,810$38,513,382$30,673,437$67,185,397
72$89,740,053$40,317,881$31,618,341$73,023,301
73$98,808,278$42,208,198$32,592,295$79,416,064
74$108,798,778$44,188,454$33,596,192$86,418,574
75$119,805,537$46,262,973$34,630,949$94,091,246
76$131,932,129$48,436,286$35,697,513$102,500,577
77$145,292,685$50,713,143$36,796,859$111,719,765
78$160,012,978$53,098,526$37,929,992$121,829,390
79$176,231,605$55,597,656$39,097,950$132,918,161
80$194,101,296$58,216,009$40,301,799$145,083,742
81$213,790,359$60,959,325$41,542,640$158,433,661
82$235,484,265$63,833,620$42,821,607$173,086,312
83$259,387,398$66,845,206$44,139,870$189,172,058
84$285,724,989$70,000,698$45,498,632$206,834,448
85$314,745,237$73,307,031$46,899,135$226,231,556
86$346,721,653$76,771,477$48,342,658$247,537,457
87$381,955,645$80,401,662$49,830,519$270,943,855
88$420,779,357$84,205,581$51,364,079$296,661,873
89$463,558,812$88,191,614$52,944,736$324,924,030
90$510,697,360$92,368,553$54,573,933$355,986,414
91$562,639,489$96,745,611$56,253,159$390,131,083
92$619,875,022$101,332,451$57,983,945$427,668,705
93$682,943,739$106,139,205$59,767,871$468,941,467
94$752,440,470$111,176,496$61,606,565$514,326,285
95$829,020,717$116,455,463$63,501,704$564,238,338
96$913,406,835$121,987,786$65,455,016$619,134,962
97$1,006,394,857$127,785,712$67,468,284$679,519,939
98$1,108,862,003$133,862,083$69,543,342$745,948,229
99$1,221,774,967$140,230,365$71,682,084$819,031,176
100$1,346,199,038$146,904,677$73,886,458$899,442,254