Can I retire at age 57 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,524,185
2 years$797,174$782,328$767,939$753,988$740,456$709,583
3 years$526,170$511,260$496,907$483,087$469,776$439,766
4 years$390,695$375,830$361,621$348,037$335,048$306,131
5 years$309,431$294,655$280,633$267,326$254,698$226,958
6 years$255,273$240,608$226,793$213,783$201,534$174,999
7 years$216,603$202,062$188,466$175,763$163,901$138,579
8 years$187,615$173,205$159,834$147,443$135,972$111,855
9 years$165,080$150,806$137,665$125,589$114,508$91,580
10 years$147,062$132,928$120,020$108,259$97,566$75,806
11 years$132,330$118,338$105,663$94,217$83,910$63,291
12 years$120,063$106,214$93,774$82,641$72,715$53,207
13 years$109,690$95,986$83,780$72,960$63,409$44,980
14 years$100,807$87,249$75,277$64,766$55,584$38,199
15 years$93,116$79,703$67,965$57,760$48,940$32,564
16 years$86,392$73,126$61,620$51,717$43,254$27,847
17 years$80,466$67,347$56,072$46,468$38,352$23,877
18 years$75,204$62,231$51,187$41,877$34,101$20,519
19 years$70,501$57,675$46,859$37,839$30,395$17,666
20 years$66,274$53,595$43,005$34,271$27,149$15,235
21 years$62,455$49,921$39,556$31,103$24,295$13,156
22 years$58,987$46,600$36,457$28,280$21,777$11,375
23 years$55,826$43,584$33,662$25,755$19,549$9,844
24 years$52,932$40,835$31,131$23,490$17,571$8,527
25 years$50,274$38,322$28,834$21,452$15,811$7,392
26 years$47,824$36,016$26,742$19,615$14,242$6,412
27 years$45,560$33,896$24,832$17,954$12,840$5,565
28 years$43,461$31,940$23,085$16,450$11,586$4,832
29 years$41,511$30,131$21,482$15,085$10,462$4,198
30 years$39,694$28,456$20,010$13,844$9,453$3,648
31 years$37,997$26,900$18,655$12,715$8,546$3,171
32 years$36,410$25,453$17,405$11,685$7,731$2,757
33 years$34,922$24,105$16,251$10,745$6,996$2,398
34 years$33,524$22,846$15,184$9,887$6,334$2,086
35 years$32,209$21,669$14,196$9,101$5,737$1,815
36 years$30,971$20,567$13,280$8,382$5,198$1,579
37 years$29,801$19,534$12,430$7,723$4,711$1,374
38 years$28,696$18,564$11,640$7,118$4,271$1,196
39 years$27,651$17,653$10,906$6,564$3,873$1,041
40 years$26,660$16,795$10,222$6,054$3,513$906
41 years$25,719$15,987$9,585$5,585$3,187$789
42 years$24,826$15,226$8,991$5,155$2,892$687
43 years$23,977$14,507$8,437$4,758$2,625$598
44 years$23,169$13,828$7,919$4,394$2,383$521
45 years$22,399$13,186$7,436$4,058$2,163$454
46 years$21,664$12,579$6,984$3,748$1,964$395
47 years$20,963$12,005$6,561$3,463$1,783$344
48 years$20,293$11,460$6,166$3,200$1,619$300
49 years$19,652$10,944$5,796$2,957$1,471$261
50 years$19,039$10,454$5,449$2,733$1,336$227

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $19,500,000, adding $6,079 every year, while hoping to spend $23,894 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: 36/47/17 Blend
56$19,500,000$19,500,000$19,500,000$19,500,000
57$21,495,270$20,461,770$20,159,520$22,157,387
58$23,662,365$21,438,974$20,809,441$23,615,170
59$26,049,702$22,463,260$21,480,334$25,185,203
60$28,679,722$23,536,910$22,172,875$26,879,656
61$31,577,152$24,662,317$22,887,764$28,709,641
62$34,769,240$25,841,989$23,625,724$30,687,334
63$38,286,015$27,078,559$24,387,498$32,826,074
64$42,160,566$28,374,786$25,173,856$35,140,485
65$46,429,357$29,733,563$25,985,593$37,646,599
66$51,132,569$31,157,925$26,823,528$40,361,997
67$56,314,483$32,651,055$27,688,508$43,305,963
68$62,023,892$34,216,290$28,581,406$46,499,655
69$68,314,570$35,857,129$29,503,124$49,966,288
70$75,245,771$37,577,242$30,454,593$53,731,343
71$82,882,792$39,380,479$31,436,774$57,822,793
72$91,297,590$41,270,877$32,450,660$62,271,348
73$100,569,462$43,252,667$33,497,274$67,110,733
74$110,785,790$45,330,291$34,577,676$72,377,989
75$122,042,867$47,508,402$35,692,955$78,113,806
76$134,446,810$49,791,884$36,844,239$84,362,887
77$148,114,556$52,185,857$38,032,692$91,174,353
78$163,174,967$54,695,691$39,259,514$98,602,184
79$179,770,052$57,327,018$40,525,946$106,705,712
80$198,056,299$60,085,744$41,833,267$115,550,157
81$218,206,160$62,978,063$43,182,799$125,207,219
82$240,409,671$66,010,471$44,575,906$135,755,734
83$264,876,255$69,189,782$46,013,997$147,282,388
84$291,836,692$72,523,140$47,498,524$159,882,516
85$321,545,300$76,018,039$49,030,990$173,660,969
86$354,282,335$79,682,338$50,612,943$188,733,077
87$390,356,640$83,524,279$52,245,983$205,225,709
88$430,108,555$87,552,506$53,931,761$223,278,438
89$473,913,135$91,776,087$55,671,983$243,044,823
90$522,183,687$96,204,528$57,468,407$264,693,831
91$575,375,676$100,847,802$59,322,851$288,411,388
92$633,991,019$105,716,368$61,237,190$314,402,102
93$698,582,828$110,821,195$63,213,361$342,891,151
94$769,760,630$116,173,787$65,253,363$374,126,371
95$848,196,122$121,786,211$67,359,258$408,380,548
96$934,629,512$127,671,121$69,533,179$445,953,951
97$1,029,876,505$133,841,788$71,777,323$487,177,118
98$1,134,836,007$140,312,134$74,093,962$532,413,923
99$1,250,498,609$147,096,758$76,485,439$582,064,966
100$1,377,955,940$154,210,973$78,954,175$636,571,291