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%14.1%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,528,568
2 years$797,174$782,328$767,939$753,988$740,456$713,951
3 years$526,170$511,260$496,907$483,087$469,776$443,979
4 years$390,695$375,830$361,621$348,037$335,048$310,160
5 years$309,431$294,655$280,633$267,326$254,698$230,789
6 years$255,273$240,608$226,793$213,783$201,534$178,632
7 years$216,603$202,062$188,466$175,763$163,901$142,012
8 years$187,615$173,205$159,834$147,443$135,972$115,092
9 years$165,080$150,806$137,665$125,589$114,508$94,625
10 years$147,062$132,928$120,020$108,259$97,566$78,664
11 years$132,330$118,338$105,663$94,217$83,910$65,967
12 years$120,063$106,214$93,774$82,641$72,715$55,708
13 years$109,690$95,986$83,780$72,960$63,409$47,313
14 years$100,807$87,249$75,277$64,766$55,584$40,371
15 years$93,116$79,703$67,965$57,760$48,940$34,582
16 years$86,392$73,126$61,620$51,717$43,254$29,719
17 years$80,466$67,347$56,072$46,468$38,352$25,610
18 years$75,204$62,231$51,187$41,877$34,101$22,120
19 years$70,501$57,675$46,859$37,839$30,395$19,144
20 years$66,274$53,595$43,005$34,271$27,149$16,596
21 years$62,455$49,921$39,556$31,103$24,295$14,408
22 years$58,987$46,600$36,457$28,280$21,777$12,524
23 years$55,826$43,584$33,662$25,755$19,549$10,898
24 years$52,932$40,835$31,131$23,490$17,571$9,492
25 years$50,274$38,322$28,834$21,452$15,811$8,274
26 years$47,824$36,016$26,742$19,615$14,242$7,217
27 years$45,560$33,896$24,832$17,954$12,840$6,299
28 years$43,461$31,940$23,085$16,450$11,586$5,501
29 years$41,511$30,131$21,482$15,085$10,462$4,806
30 years$39,694$28,456$20,010$13,844$9,453$4,201
31 years$37,997$26,900$18,655$12,715$8,546$3,673
32 years$36,410$25,453$17,405$11,685$7,731$3,212
33 years$34,922$24,105$16,251$10,745$6,996$2,810
34 years$33,524$22,846$15,184$9,887$6,334$2,459
35 years$32,209$21,669$14,196$9,101$5,737$2,152
36 years$30,971$20,567$13,280$8,382$5,198$1,884
37 years$29,801$19,534$12,430$7,723$4,711$1,649
38 years$28,696$18,564$11,640$7,118$4,271$1,444
39 years$27,651$17,653$10,906$6,564$3,873$1,264
40 years$26,660$16,795$10,222$6,054$3,513$1,107
41 years$25,719$15,987$9,585$5,585$3,187$970
42 years$24,826$15,226$8,991$5,155$2,892$850
43 years$23,977$14,507$8,437$4,758$2,625$744
44 years$23,169$13,828$7,919$4,394$2,383$652
45 years$22,399$13,186$7,436$4,058$2,163$571
46 years$21,664$12,579$6,984$3,748$1,964$500
47 years$20,963$12,005$6,561$3,463$1,783$438
48 years$20,293$11,460$6,166$3,200$1,619$384
49 years$19,652$10,944$5,796$2,957$1,471$337
50 years$19,039$10,454$5,449$2,733$1,336$295

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 $4,167 every year, while hoping to spend $40,590 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: 66/9/25 Blend
56$19,500,000$19,500,000$19,500,000$19,500,000
57$21,493,298$20,459,798$20,157,548$22,771,977
58$23,642,427$21,419,141$20,789,639$24,592,774
59$26,009,407$22,424,131$21,441,544$26,577,751
60$28,616,415$23,476,962$22,113,884$28,747,107
61$31,487,891$24,579,935$22,807,301$31,118,998
62$34,650,764$25,735,460$23,522,454$33,713,409
63$38,134,711$26,946,066$24,260,024$36,552,340
64$41,972,431$28,214,403$25,020,715$39,660,004
65$46,199,960$29,543,250$25,805,250$43,063,063
66$50,857,007$30,935,520$26,614,377$46,790,864
67$55,987,329$32,394,267$27,448,865$50,875,721
68$61,639,145$33,922,695$28,309,511$55,353,212
69$67,865,592$35,524,161$29,197,134$60,262,514
70$74,725,222$37,202,185$30,112,578$65,646,764
71$82,282,561$38,960,459$31,056,716$71,553,466
72$90,608,713$40,802,852$32,030,446$78,034,934
73$99,782,032$42,733,422$33,034,697$85,148,779
74$109,888,864$44,756,424$34,070,423$92,958,451
75$121,024,358$46,876,319$35,138,612$101,533,830
76$133,293,367$49,097,783$36,240,281$110,951,882
77$146,811,438$51,425,722$37,376,478$121,297,381
78$161,705,900$53,865,278$38,548,285$132,663,702
79$178,117,067$56,421,842$39,756,818$145,153,695
80$196,199,564$59,101,068$41,003,227$158,880,652
81$216,123,785$61,908,885$42,288,700$173,969,372
82$238,077,499$64,851,509$43,614,460$190,557,326
83$262,267,629$67,935,458$44,981,769$208,795,955
84$288,922,198$71,167,566$46,391,929$228,852,086
85$318,292,486$74,555,001$47,846,283$250,909,504
86$350,655,400$78,105,276$49,346,214$275,170,677
87$386,316,090$81,826,274$50,893,151$301,858,659
88$425,610,826$85,726,256$52,488,567$331,219,187
89$468,910,175$89,813,888$54,133,979$363,522,993
90$516,622,501$94,098,256$55,830,955$399,068,350
91$569,197,813$98,588,888$57,581,109$438,183,877
92$627,132,021$103,295,775$59,386,108$481,231,632
93$690,971,614$108,229,394$61,247,669$528,610,521
94$761,318,817$113,400,733$63,167,564$580,760,051
95$838,837,280$118,821,313$65,147,621$638,164,466
96$924,258,340$124,503,215$67,189,724$701,357,312
97$1,018,387,928$130,459,109$69,295,817$770,926,455
98$1,122,114,174$136,702,283$71,467,904$847,519,624
99$1,236,415,793$143,246,668$73,708,052$931,850,508
100$1,362,371,325$150,106,876$76,018,393$1,024,705,482