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

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,493,283
2 years$793,086$778,316$764,001$750,121$736,659$683,112
3 years$523,472$508,638$494,359$480,610$467,367$415,656
4 years$388,691$373,903$359,767$346,252$333,330$283,850
5 years$307,844$293,144$279,194$265,955$253,392$206,274
6 years$253,964$239,374$225,630$212,686$200,500$155,780
7 years$215,493$201,026$187,500$174,861$163,061$120,730
8 years$186,653$172,317$159,015$146,687$135,274$95,299
9 years$164,233$150,033$136,959$124,945$113,921$76,250
10 years$146,308$132,246$119,404$107,703$97,066$61,638
11 years$131,652$117,731$105,121$93,734$83,480$50,224
12 years$119,447$105,669$93,293$82,218$72,342$41,179
13 years$109,128$95,494$83,351$72,586$63,084$33,932
14 years$100,290$86,801$74,891$64,434$55,299$28,073
15 years$92,638$79,295$67,617$57,463$48,689$23,301
16 years$85,949$72,751$61,304$51,452$43,032$19,391
17 years$80,053$67,001$55,784$46,229$38,155$16,173
18 years$74,818$61,912$50,924$41,662$33,926$13,513
19 years$70,140$57,380$46,619$37,645$30,239$11,308
20 years$65,934$53,320$42,784$34,095$27,010$9,474
21 years$62,135$49,665$39,353$30,943$24,171$7,946
22 years$58,685$46,361$36,270$28,135$21,666$6,670
23 years$55,539$43,360$33,489$25,623$19,448$5,602
24 years$52,661$40,626$30,972$23,369$17,481$4,709
25 years$50,016$38,125$28,686$21,342$15,730$3,960
26 years$47,579$35,832$26,605$19,514$14,169$3,331
27 years$45,326$33,722$24,705$17,862$12,774$2,804
28 years$43,238$31,776$22,966$16,365$11,527$2,360
29 years$41,298$29,977$21,372$15,007$10,408$1,987
30 years$39,490$28,310$19,907$13,773$9,404$1,674
31 years$37,802$26,762$18,559$12,649$8,503$1,410
32 years$36,223$25,323$17,316$11,625$7,691$1,188
33 years$34,743$23,981$16,168$10,690$6,961$1,001
34 years$33,352$22,728$15,106$9,836$6,302$844
35 years$32,044$21,558$14,123$9,055$5,708$711
36 years$30,812$20,461$13,212$8,339$5,172$599
37 years$29,648$19,434$12,366$7,683$4,687$505
38 years$28,549$18,469$11,581$7,082$4,249$426
39 years$27,509$17,562$10,850$6,530$3,854$359
40 years$26,523$16,709$10,169$6,023$3,495$303
41 years$25,587$15,905$9,536$5,557$3,171$255
42 years$24,699$15,148$8,945$5,128$2,877$215
43 years$23,854$14,433$8,393$4,734$2,611$181
44 years$23,050$13,757$7,879$4,371$2,370$153
45 years$22,284$13,119$7,398$4,037$2,152$129
46 years$21,553$12,515$6,948$3,729$1,954$109
47 years$20,855$11,943$6,528$3,445$1,774$92
48 years$20,189$11,401$6,134$3,183$1,611$77
49 years$19,551$10,887$5,766$2,942$1,463$65
50 years$18,941$10,400$5,421$2,719$1,329$55

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 $2,005 every year, while hoping to spend $33,660 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: 66/15/19 Blend
56$19,400,000$19,400,000$19,400,000$19,400,000
57$21,380,868$20,352,668$20,051,968$22,690,562
58$23,525,903$21,314,135$20,687,895$24,529,919
59$25,888,603$22,321,585$21,343,997$26,535,808
60$28,491,134$23,377,237$22,020,916$28,727,805
61$31,357,924$24,483,416$22,719,310$31,124,173
62$34,515,888$25,642,559$23,439,863$33,745,006
63$37,994,687$26,857,223$24,183,277$36,612,418
64$41,827,006$28,130,088$24,950,278$39,750,745
65$46,048,863$29,463,965$25,741,614$43,186,772
66$50,699,948$30,861,800$26,558,059$46,949,983
67$55,823,998$32,326,683$27,400,409$51,072,831
68$61,469,209$33,861,853$28,269,486$55,591,043
69$67,688,693$35,470,709$29,166,139$60,543,947
70$74,540,978$37,156,812$30,091,243$65,974,846
71$82,090,560$38,923,898$31,045,701$71,931,414
72$90,408,510$40,775,882$32,030,445$78,466,141
73$99,573,149$42,716,872$33,046,437$85,636,828
74$109,670,786$44,751,174$34,094,668$93,507,119
75$120,796,528$46,883,303$35,176,161$102,147,103
76$133,055,185$49,117,996$36,291,973$111,633,959
77$146,562,253$51,460,217$37,443,194$122,052,688
78$161,445,009$53,915,174$38,630,947$133,496,899
79$177,843,707$56,488,325$39,856,391$146,069,690
80$195,912,910$59,185,397$41,120,725$159,884,613
81$215,822,939$62,012,394$42,425,181$175,066,733
82$237,761,488$64,975,611$43,771,034$191,753,807
83$261,935,395$68,081,651$45,159,599$210,097,566
84$288,572,591$71,337,438$46,592,231$230,265,147
85$317,924,254$74,750,231$48,070,330$252,440,653
86$350,267,181$78,327,645$49,595,338$276,826,886
87$385,906,397$82,077,663$51,168,746$303,647,246
88$425,178,041$86,008,660$52,792,090$333,147,833
89$468,452,531$90,129,414$54,466,956$365,599,753
90$516,138,069$94,449,135$56,194,978$401,301,668
91$568,684,488$98,977,479$57,977,846$440,582,605
92$626,587,503$103,724,573$59,817,301$483,805,039
93$690,393,387$108,701,035$61,715,139$531,368,312
94$760,704,131$113,918,004$63,673,215$583,712,381
95$838,183,125$119,387,159$65,693,440$641,321,955
96$923,561,422$125,120,749$67,777,789$704,731,060
97$1,017,644,640$131,131,618$69,928,297$774,528,058
98$1,121,320,564$137,433,238$72,147,067$851,361,186
99$1,235,567,532$144,039,737$74,436,264$935,944,658
100$1,361,463,668$150,965,932$76,798,126$1,029,065,385