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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.9%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,526,741
2 years$805,350$790,351$775,815$761,721$748,050$703,891
3 years$531,567$516,503$502,004$488,042$474,594$431,824
4 years$394,702$379,685$365,330$351,607$338,484$297,432
5 years$312,605$297,677$283,511$270,068$257,310$218,088
6 years$257,891$243,076$229,119$215,975$203,601$166,245
7 years$218,825$204,135$190,399$177,565$165,582$130,094
8 years$189,539$174,981$161,474$148,955$137,366$103,726
9 years$166,773$152,353$139,077$126,877$115,682$83,857
10 years$148,571$134,291$121,251$109,369$98,567$68,515
11 years$133,688$119,552$106,747$95,184$84,771$56,443
12 years$121,294$107,303$94,735$83,489$73,461$46,803
13 years$110,815$96,971$84,640$73,708$64,059$39,014
14 years$101,841$88,144$76,049$65,430$56,154$32,660
15 years$94,071$80,521$68,662$58,352$49,442$27,436
16 years$87,278$73,876$62,253$52,248$43,697$23,114
17 years$81,291$68,037$56,647$46,944$38,745$19,520
18 years$75,975$62,870$51,712$42,306$34,450$16,517
19 years$71,225$58,267$47,339$38,227$30,706$14,000
20 years$66,954$54,144$43,446$34,622$27,427$11,883
21 years$63,095$50,433$39,962$31,422$24,544$10,098
22 years$59,592$47,078$36,831$28,570$22,001$8,589
23 years$56,398$44,031$34,007$26,019$19,749$7,312
24 years$53,475$41,254$31,451$23,731$17,751$6,230
25 years$50,790$38,715$29,130$21,672$15,973$5,311
26 years$48,315$36,386$27,016$19,816$14,388$4,529
27 years$46,027$34,243$25,087$18,138$12,972$3,865
28 years$43,907$32,267$23,322$16,618$11,705$3,299
29 years$41,936$30,440$21,703$15,239$10,569$2,817
30 years$40,101$28,748$20,215$13,986$9,550$2,406
31 years$38,387$27,176$18,846$12,845$8,634$2,055
32 years$36,783$25,714$17,584$11,805$7,810$1,756
33 years$35,280$24,352$16,418$10,856$7,068$1,501
34 years$33,868$23,080$15,340$9,988$6,399$1,283
35 years$32,540$21,891$14,342$9,195$5,796$1,096
36 years$31,288$20,778$13,416$8,468$5,252$937
37 years$30,107$19,734$12,558$7,802$4,760$801
38 years$28,991$18,754$11,760$7,191$4,315$685
39 years$27,934$17,834$11,017$6,631$3,913$586
40 years$26,933$16,967$10,327$6,116$3,549$501
41 years$25,983$16,151$9,683$5,643$3,220$429
42 years$25,081$15,382$9,083$5,208$2,922$366
43 years$24,223$14,656$8,523$4,807$2,652$313
44 years$23,406$13,970$8,001$4,439$2,407$268
45 years$22,628$13,322$7,512$4,099$2,185$229
46 years$21,886$12,708$7,056$3,787$1,984$196
47 years$21,178$12,128$6,629$3,498$1,802$168
48 years$20,501$11,577$6,229$3,233$1,636$143
49 years$19,854$11,056$5,855$2,987$1,486$123
50 years$19,234$10,561$5,505$2,761$1,350$105

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 $4,301 every year, while hoping to spend $53,241 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: 28/49/23 Blend
56$19,700,000$19,700,000$19,700,000$19,700,000
57$21,713,836$20,669,736$20,364,386$22,164,922
58$23,872,000$21,625,906$20,989,945$23,474,705
59$26,248,511$22,627,143$21,634,676$24,876,011
60$28,865,586$23,675,599$22,299,165$26,380,516
61$31,747,705$24,773,532$22,984,015$27,997,078
62$34,921,840$25,923,305$23,689,850$29,735,382
63$38,417,718$27,127,397$24,417,309$31,606,028
64$42,268,091$28,388,406$25,167,055$33,620,614
65$46,509,053$29,709,054$25,939,769$35,791,840
66$51,180,377$31,092,198$26,736,150$38,133,610
67$56,325,888$32,540,828$27,556,924$40,661,159
68$61,993,882$34,058,082$28,402,835$43,391,179
69$68,237,579$35,647,249$29,274,651$46,341,963
70$75,115,622$37,311,775$30,173,162$49,533,567
71$82,692,638$39,055,274$31,099,185$52,987,983
72$91,039,838$40,881,533$32,053,559$56,729,331
73$100,235,698$42,794,525$33,037,149$60,784,073
74$110,366,694$44,798,412$34,050,849$65,181,244
75$121,528,121$46,897,558$35,095,577$69,952,710
76$133,824,991$49,096,539$36,172,279$75,133,450
77$147,373,022$51,400,152$37,281,933$80,761,869
78$162,299,736$53,813,426$38,425,544$86,880,138
79$178,745,657$56,341,631$39,604,147$93,534,575
80$196,865,639$58,990,296$40,818,812$100,776,055
81$216,830,329$61,765,216$42,070,637$108,660,474
82$238,827,776$64,672,465$43,360,756$117,249,248
83$263,065,207$67,718,413$44,690,339$126,609,872
84$289,770,980$70,909,737$46,060,588$136,816,527
85$319,196,746$74,253,440$47,472,743$147,950,756
86$351,619,817$77,756,862$48,928,083$160,102,202
87$387,345,790$81,427,699$50,427,925$173,369,432
88$426,711,425$85,274,021$51,973,625$187,860,825
89$470,087,830$89,304,288$53,566,581$203,695,573
90$517,883,962$93,527,371$55,208,235$221,004,764
91$570,550,485$97,952,571$56,900,070$239,932,592
92$628,584,027$102,589,641$58,643,615$260,637,670
93$692,531,869$107,448,804$60,440,448$283,294,500
94$762,997,108$112,540,783$62,292,190$308,095,069
95$840,644,350$117,876,819$64,200,516$335,250,625
96$926,205,990$123,468,700$66,167,150$364,993,625
97$1,020,489,119$129,328,784$68,193,867$397,579,879
98$1,124,383,145$135,470,030$70,282,498$433,290,921
99$1,238,868,193$141,906,028$72,434,928$472,436,609
100$1,365,024,351$148,651,026$74,653,101$515,358,004