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%12.6%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,538,079
2 years$797,174$782,328$767,939$753,988$740,456$723,461
3 years$526,170$511,260$496,907$483,087$469,776$453,192
4 years$390,695$375,830$361,621$348,037$335,048$319,004
5 years$309,431$294,655$280,633$267,326$254,698$239,240
6 years$255,273$240,608$226,793$213,783$201,534$186,681
7 years$216,603$202,062$188,466$175,763$163,901$149,659
8 years$187,615$173,205$159,834$147,443$135,972$122,340
9 years$165,080$150,806$137,665$125,589$114,508$101,482
10 years$147,062$132,928$120,020$108,259$97,566$85,137
11 years$132,330$118,338$105,663$94,217$83,910$72,068
12 years$120,063$106,214$93,774$82,641$72,715$61,446
13 years$109,690$95,986$83,780$72,960$63,409$52,701
14 years$100,807$87,249$75,277$64,766$55,584$45,421
15 years$93,116$79,703$67,965$57,760$48,940$39,308
16 years$86,392$73,126$61,620$51,717$43,254$34,134
17 years$80,466$67,347$56,072$46,468$38,352$29,729
18 years$75,204$62,231$51,187$41,877$34,101$25,957
19 years$70,501$57,675$46,859$37,839$30,395$22,712
20 years$66,274$53,595$43,005$34,271$27,149$19,909
21 years$62,455$49,921$39,556$31,103$24,295$17,480
22 years$58,987$46,600$36,457$28,280$21,777$15,369
23 years$55,826$43,584$33,662$25,755$19,549$13,529
24 years$52,932$40,835$31,131$23,490$17,571$11,922
25 years$50,274$38,322$28,834$21,452$15,811$10,516
26 years$47,824$36,016$26,742$19,615$14,242$9,283
27 years$45,560$33,896$24,832$17,954$12,840$8,200
28 years$43,461$31,940$23,085$16,450$11,586$7,248
29 years$41,511$30,131$21,482$15,085$10,462$6,410
30 years$39,694$28,456$20,010$13,844$9,453$5,672
31 years$37,997$26,900$18,655$12,715$8,546$5,021
32 years$36,410$25,453$17,405$11,685$7,731$4,446
33 years$34,922$24,105$16,251$10,745$6,996$3,938
34 years$33,524$22,846$15,184$9,887$6,334$3,490
35 years$32,209$21,669$14,196$9,101$5,737$3,093
36 years$30,971$20,567$13,280$8,382$5,198$2,742
37 years$29,801$19,534$12,430$7,723$4,711$2,431
38 years$28,696$18,564$11,640$7,118$4,271$2,156
39 years$27,651$17,653$10,906$6,564$3,873$1,913
40 years$26,660$16,795$10,222$6,054$3,513$1,697
41 years$25,719$15,987$9,585$5,585$3,187$1,505
42 years$24,826$15,226$8,991$5,155$2,892$1,336
43 years$23,977$14,507$8,437$4,758$2,625$1,185
44 years$23,169$13,828$7,919$4,394$2,383$1,052
45 years$22,399$13,186$7,436$4,058$2,163$934
46 years$21,664$12,579$6,984$3,748$1,964$829
47 years$20,963$12,005$6,561$3,463$1,783$736
48 years$20,293$11,460$6,166$3,200$1,619$653
49 years$19,652$10,944$5,796$2,957$1,471$580
50 years$19,039$10,454$5,449$2,733$1,336$515

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 $3,805 every year, while hoping to spend $48,298 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: 55/37/8 Blend
56$19,500,000$19,500,000$19,500,000$19,500,000
57$21,492,925$20,459,425$20,157,175$22,634,072
58$23,633,814$21,410,548$20,781,052$24,356,661
59$25,991,456$22,406,657$21,424,209$26,225,548
60$28,587,907$23,449,906$22,087,243$28,259,121
61$31,447,475$24,542,552$22,770,766$30,473,040
62$34,596,941$25,686,961$23,475,411$32,884,507
63$38,065,820$26,885,614$24,201,828$35,512,429
64$41,886,635$28,141,110$24,950,691$38,377,582
65$46,095,223$29,456,176$25,722,690$41,502,803
66$50,731,076$30,833,668$26,518,540$44,913,195
67$55,837,711$32,276,583$27,338,977$48,636,358
68$61,463,083$33,788,062$28,184,758$52,702,640
69$67,660,036$35,371,395$29,056,666$57,145,411
70$74,486,800$37,030,034$29,955,505$62,001,372
71$82,007,547$38,767,599$30,882,107$67,310,890
72$90,292,987$40,587,881$31,837,328$73,118,365
73$99,421,043$42,494,859$32,822,050$79,472,644
74$109,477,583$44,492,700$33,837,182$86,427,464
75$120,557,231$46,585,777$34,883,663$94,041,953
76$132,764,261$48,778,673$35,962,458$102,381,168
77$146,213,578$51,076,191$37,074,563$111,516,701
78$161,031,809$53,483,370$38,221,006$121,527,341
79$177,358,488$56,005,490$39,402,845$132,499,799
80$195,347,385$58,648,089$40,621,171$144,529,511
81$215,167,946$61,416,974$41,877,108$157,721,527
82$237,006,901$64,318,230$43,171,816$172,191,483
83$261,070,022$67,358,240$44,506,489$188,066,672
84$287,584,066$70,543,696$45,882,358$205,487,233
85$316,798,917$73,881,613$47,300,693$224,607,447
86$348,989,943$77,379,349$48,762,803$245,597,179
87$384,460,596$81,044,616$50,270,036$268,643,456
88$423,545,277$84,885,502$51,823,782$293,952,214
89$466,612,491$88,910,488$53,425,475$321,750,214
90$514,068,327$93,128,463$55,076,590$352,287,158
91$566,360,291$97,548,753$56,778,650$385,838,027
92$623,981,530$102,181,131$58,533,225$422,705,640
93$687,475,490$107,035,850$60,341,931$463,223,492
94$757,441,040$112,123,657$62,206,437$507,758,869
95$834,538,133$117,455,823$64,128,459$556,716,283
96$919,494,030$123,044,165$66,109,769$610,541,262
97$1,013,110,167$128,901,076$68,152,193$669,724,518
98$1,116,269,725$135,039,550$70,257,612$734,806,545
99$1,229,945,961$141,473,211$72,427,966$806,382,684
100$1,355,211,399$148,216,349$74,665,253$885,108,704