Can I retire at age 57 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,548,543
2 years$801,262$786,339$771,877$757,855$744,253$729,756
3 years$528,869$513,882$499,455$485,565$472,185$458,029
4 years$392,699$377,757$363,476$349,822$336,766$323,061
5 years$311,018$296,166$282,072$268,697$256,004$242,789
6 years$256,582$241,842$227,956$214,879$202,567$189,859
7 years$217,714$203,099$189,433$176,664$164,742$152,546
8 years$188,577$174,093$160,654$148,199$136,669$124,985
9 years$165,926$151,579$138,371$126,233$115,095$103,920
10 years$147,817$133,610$120,635$108,814$98,067$87,393
11 years$133,009$118,945$106,205$94,701$84,341$74,160
12 years$120,678$106,759$94,254$83,065$73,088$63,391
13 years$110,253$96,479$84,210$73,334$63,734$54,509
14 years$101,324$87,696$75,663$65,098$55,869$47,104
15 years$93,593$80,112$68,314$58,056$49,191$40,874
16 years$86,835$73,501$61,936$51,983$43,475$35,593
17 years$80,879$67,692$56,360$46,706$38,548$31,086
18 years$75,590$62,550$51,449$42,092$34,275$27,219
19 years$70,863$57,971$47,099$38,033$30,550$23,885
20 years$66,614$53,870$43,225$34,446$27,288$20,999
21 years$62,775$50,177$39,759$31,262$24,420$18,492
22 years$59,290$46,839$36,644$28,425$21,889$16,308
23 years$56,112$43,807$33,834$25,887$19,649$14,400
24 years$53,204$41,045$31,291$23,610$17,661$12,728
25 years$50,532$38,518$28,982$21,562$15,892$11,262
26 years$48,070$36,201$26,879$19,715$14,315$9,973
27 years$45,794$34,069$24,960$18,046$12,906$8,838
28 years$43,684$32,103$23,203$16,534$11,645$7,837
29 years$41,724$30,286$21,592$15,162$10,516$6,953
30 years$39,897$28,602$20,113$13,915$9,501$6,172
31 years$38,192$27,038$18,750$12,780$8,590$5,482
32 years$36,596$25,584$17,494$11,745$7,770$4,870
33 years$35,101$24,228$16,335$10,800$7,032$4,329
34 years$33,696$22,963$15,262$9,937$6,367$3,848
35 years$32,375$21,780$14,269$9,148$5,767$3,422
36 years$31,129$20,672$13,348$8,425$5,225$3,044
37 years$29,954$19,634$12,494$7,763$4,736$2,709
38 years$28,843$18,659$11,700$7,155$4,293$2,410
39 years$27,792$17,743$10,962$6,597$3,893$2,145
40 years$26,796$16,881$10,274$6,085$3,531$1,910
41 years$25,851$16,069$9,634$5,614$3,204$1,700
42 years$24,954$15,304$9,037$5,181$2,907$1,514
43 years$24,100$14,581$8,480$4,783$2,638$1,348
44 years$23,288$13,899$7,960$4,416$2,395$1,200
45 years$22,513$13,254$7,474$4,078$2,174$1,069
46 years$21,775$12,644$7,020$3,767$1,974$952
47 years$21,070$12,066$6,595$3,481$1,792$848
48 years$20,397$11,519$6,198$3,216$1,628$756
49 years$19,753$11,000$5,825$2,972$1,478$673
50 years$19,136$10,507$5,477$2,747$1,343$600

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $19,600,000, adding $4,332 every year, while hoping to spend $35,580 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: 72/16/12 Blend
56$19,600,000$19,600,000$19,600,000$19,600,000
57$21,603,668$20,564,868$20,261,068$23,105,219
58$23,769,386$21,534,690$20,901,957$25,069,454
59$26,154,814$22,550,841$21,563,124$27,214,798
60$28,782,325$23,615,552$22,245,209$29,562,969
61$31,676,574$24,731,166$22,948,875$32,134,004
62$34,864,728$25,900,137$23,674,806$34,949,954
63$38,376,723$27,125,036$24,423,705$38,035,092
64$42,245,550$28,408,564$25,196,299$41,416,137
65$46,507,560$29,753,547$25,993,339$45,122,500
66$51,202,814$31,162,954$26,815,599$49,186,560
67$56,375,455$32,639,893$27,663,876$53,643,963
68$62,074,129$34,187,625$28,538,993$58,533,957
69$68,352,442$35,809,570$29,441,801$63,899,754
70$75,269,465$37,509,314$30,373,176$69,788,934
71$82,890,295$39,290,614$31,334,021$76,253,890
72$91,286,664$41,157,414$32,325,271$83,352,316
73$100,537,623$43,113,846$33,347,886$91,147,746
74$110,730,280$45,164,244$34,402,860$99,710,147
75$121,960,630$47,313,153$35,491,217$109,116,573
76$134,334,455$49,565,338$36,614,013$119,451,890
77$147,968,326$51,925,797$37,772,339$130,809,561
78$162,990,702$54,399,768$38,967,320$143,292,531
79$179,543,144$56,992,746$40,200,115$157,014,186
80$197,781,647$59,710,493$41,471,921$172,099,415
81$217,878,118$62,559,051$42,783,974$188,685,783
82$240,021,995$65,544,754$44,137,546$206,924,820
83$264,422,038$68,674,246$45,533,954$226,983,440
84$291,308,296$71,954,494$46,974,551$249,045,513
85$320,934,282$75,392,803$48,460,738$273,313,586
86$353,579,362$78,996,835$49,993,956$300,010,784
87$389,551,400$82,774,622$51,575,696$329,382,911
88$429,189,654$86,734,590$53,207,493$361,700,753
89$472,867,986$90,885,572$54,890,932$397,262,628
90$520,998,389$95,236,833$56,627,646$436,397,184
91$574,034,876$99,798,090$58,419,324$479,466,494
92$632,477,766$104,579,529$60,267,704$526,869,457
93$696,878,408$109,591,836$62,174,582$579,045,550
94$767,844,384$114,846,215$64,141,809$636,478,967
95$846,045,248$120,354,416$66,171,297$699,703,164
96$932,218,844$126,128,762$68,265,015$769,305,892
97$1,027,178,271$132,182,177$70,424,998$845,934,716
98$1,131,819,562$138,528,211$72,653,344$930,303,121
99$1,247,130,142$145,181,078$74,952,215$1,023,197,223
100$1,374,198,149$152,155,683$77,323,846$1,125,483,172