Can I retire at age 57 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,562,972
2 years$805,350$790,351$775,815$761,721$748,050$740,043
3 years$531,567$516,503$502,004$488,042$474,594$466,762
4 years$394,702$379,685$365,330$351,607$338,484$330,887
5 years$312,605$297,677$283,511$270,068$257,310$249,971
6 years$257,891$243,076$229,119$215,975$203,601$196,528
7 years$218,825$204,135$190,399$177,565$165,582$158,780
8 years$189,539$174,981$161,474$148,955$137,366$130,835
9 years$166,773$152,353$139,077$126,877$115,682$109,420
10 years$148,571$134,291$121,251$109,369$98,567$92,572
11 years$133,688$119,552$106,747$95,184$84,771$79,038
12 years$121,294$107,303$94,735$83,489$73,461$67,986
13 years$110,815$96,971$84,640$73,708$64,059$58,837
14 years$101,841$88,144$76,049$65,430$56,154$51,178
15 years$94,071$80,521$68,662$58,352$49,442$44,707
16 years$87,278$73,876$62,253$52,248$43,697$39,196
17 years$81,291$68,037$56,647$46,944$38,745$34,471
18 years$75,975$62,870$51,712$42,306$34,450$30,396
19 years$71,225$58,267$47,339$38,227$30,706$26,865
20 years$66,954$54,144$43,446$34,622$27,427$23,791
21 years$63,095$50,433$39,962$31,422$24,544$21,106
22 years$59,592$47,078$36,831$28,570$22,001$18,753
23 years$56,398$44,031$34,007$26,019$19,749$16,684
24 years$53,475$41,254$31,451$23,731$17,751$14,861
25 years$50,790$38,715$29,130$21,672$15,973$13,251
26 years$48,315$36,386$27,016$19,816$14,388$11,826
27 years$46,027$34,243$25,087$18,138$12,972$10,563
28 years$43,907$32,267$23,322$16,618$11,705$9,442
29 years$41,936$30,440$21,703$15,239$10,569$8,445
30 years$40,101$28,748$20,215$13,986$9,550$7,558
31 years$38,387$27,176$18,846$12,845$8,634$6,767
32 years$36,783$25,714$17,584$11,805$7,810$6,062
33 years$35,280$24,352$16,418$10,856$7,068$5,432
34 years$33,868$23,080$15,340$9,988$6,399$4,870
35 years$32,540$21,891$14,342$9,195$5,796$4,367
36 years$31,288$20,778$13,416$8,468$5,252$3,917
37 years$30,107$19,734$12,558$7,802$4,760$3,515
38 years$28,991$18,754$11,760$7,191$4,315$3,155
39 years$27,934$17,834$11,017$6,631$3,913$2,832
40 years$26,933$16,967$10,327$6,116$3,549$2,542
41 years$25,983$16,151$9,683$5,643$3,220$2,283
42 years$25,081$15,382$9,083$5,208$2,922$2,050
43 years$24,223$14,656$8,523$4,807$2,652$1,842
44 years$23,406$13,970$8,001$4,439$2,407$1,654
45 years$22,628$13,322$7,512$4,099$2,185$1,486
46 years$21,886$12,708$7,056$3,787$1,984$1,336
47 years$21,178$12,128$6,629$3,498$1,802$1,200
48 years$20,501$11,577$6,229$3,233$1,636$1,078
49 years$19,854$11,056$5,855$2,987$1,486$969
50 years$19,234$10,561$5,505$2,761$1,350$871

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $19,700,000, adding $3,220 every year, while hoping to spend $40,504 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: 43/47/10 Blend
56$19,700,000$19,700,000$19,700,000$19,700,000
57$21,712,721$20,668,621$20,363,271$22,583,351
58$23,884,323$21,638,288$21,002,345$24,159,770
59$26,276,071$22,654,111$21,661,470$25,862,170
60$28,910,376$23,718,308$22,341,276$27,705,500
61$31,811,936$24,833,207$23,042,410$29,702,676
62$35,007,966$26,001,246$23,765,543$31,867,865
63$38,528,453$27,224,983$24,511,364$34,216,610
64$42,406,445$28,507,097$25,280,584$36,765,967
65$46,678,358$29,850,399$26,073,939$39,534,651
66$51,384,318$31,257,837$26,892,184$42,543,211
67$56,568,547$32,732,499$27,736,100$45,814,203
68$62,279,772$34,277,625$28,606,493$49,372,399
69$68,571,692$35,896,611$29,504,193$53,245,004
70$75,503,477$37,593,018$30,430,057$57,461,902
71$83,140,335$39,370,580$31,384,967$62,055,923
72$91,554,121$41,233,210$32,369,835$67,063,141
73$100,824,018$43,185,013$33,385,601$72,523,198
74$111,037,282$45,230,293$34,433,233$78,479,665
75$122,290,070$47,373,563$35,513,731$84,980,433
76$134,688,342$49,619,552$36,628,126$92,078,152
77$148,348,865$51,973,222$37,777,481$99,830,711
78$163,400,315$54,439,776$38,962,892$108,301,759
79$179,984,488$57,024,666$40,185,489$117,561,297
80$198,257,643$59,733,611$41,446,440$127,686,307
81$218,391,974$62,572,610$42,746,948$138,761,469
82$240,577,236$65,547,949$44,088,251$150,879,927
83$265,022,538$68,666,222$45,471,631$164,144,153
84$291,958,312$71,934,342$46,898,407$178,666,885
85$321,638,495$75,359,560$48,369,939$194,572,168
86$354,342,921$78,949,478$49,887,630$211,996,498
87$390,379,963$82,712,066$51,452,930$231,090,080
88$430,089,446$86,655,684$53,067,330$252,018,220
89$473,845,854$90,789,097$54,732,370$274,962,853
90$522,061,865$95,121,497$56,449,639$300,124,224
91$575,192,247$99,662,523$58,220,774$327,722,753
92$633,738,151$104,422,280$60,047,464$358,001,071
93$698,251,839$109,411,369$61,931,451$391,226,282
94$769,341,905$114,640,904$63,874,533$427,692,438
95$847,679,011$120,122,541$65,878,561$467,723,278
96$934,002,225$125,868,500$67,945,448$511,675,240
97$1,029,125,996$131,891,600$70,077,165$559,940,782
98$1,133,947,841$138,205,282$72,275,743$612,952,039
99$1,249,456,820$144,823,641$74,543,280$671,184,852
100$1,376,742,874$151,761,457$76,881,938$735,163,214