Can I retire at age 57 with 19,800,000?

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 $19,800,000?

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$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,552,085
2 years$809,438$794,363$779,753$765,588$751,848$724,934
3 years$534,265$519,125$504,552$490,519$477,003$450,810
4 years$396,706$381,612$367,185$353,392$340,203$314,931
5 years$314,192$299,188$284,950$271,439$258,617$234,340
6 years$259,200$244,310$230,282$217,072$204,634$181,380
7 years$219,936$205,171$191,366$178,467$166,423$144,197
8 years$190,501$175,869$162,293$149,711$138,064$116,862
9 years$167,619$153,126$139,783$127,521$116,270$96,081
10 years$149,325$134,973$121,866$109,924$99,067$79,874
11 years$134,366$120,159$107,289$95,667$85,201$66,982
12 years$121,910$107,848$95,216$83,913$73,834$56,565
13 years$111,378$97,463$85,069$74,082$64,384$48,041
14 years$102,358$88,591$76,435$65,762$56,439$40,992
15 years$94,548$80,930$69,011$58,648$49,693$35,114
16 years$87,721$74,251$62,569$52,513$43,919$30,176
17 years$81,704$68,383$56,935$47,183$38,942$26,004
18 years$76,361$63,189$51,974$42,521$34,625$22,461
19 years$71,586$58,563$47,580$38,421$30,862$19,439
20 years$67,294$54,419$43,666$34,798$27,567$16,851
21 years$63,416$50,689$40,165$31,581$24,669$14,630
22 years$59,895$47,317$37,018$28,715$22,112$12,717
23 years$56,685$44,254$34,179$26,151$19,849$11,066
24 years$53,746$41,463$31,610$23,851$17,841$9,638
25 years$51,047$38,911$29,277$21,782$16,054$8,401
26 years$48,560$36,570$27,153$19,917$14,461$7,328
27 years$46,261$34,417$25,214$18,230$13,038$6,396
28 years$44,130$32,431$23,440$16,703$11,764$5,586
29 years$42,149$30,595$21,813$15,317$10,623$4,880
30 years$40,304$28,894$20,318$14,057$9,598$4,265
31 years$38,582$27,314$18,942$12,910$8,678$3,729
32 years$36,970$25,845$17,673$11,865$7,850$3,262
33 years$35,459$24,475$16,501$10,911$7,104$2,853
34 years$34,040$23,197$15,418$10,039$6,432$2,497
35 years$32,705$22,002$14,415$9,241$5,826$2,185
36 years$31,447$20,883$13,485$8,511$5,278$1,913
37 years$30,260$19,834$12,621$7,842$4,784$1,674
38 years$29,138$18,850$11,819$7,228$4,337$1,466
39 years$28,076$17,924$11,073$6,664$3,933$1,284
40 years$27,070$17,053$10,379$6,147$3,567$1,124
41 years$26,115$16,233$9,732$5,671$3,236$985
42 years$25,208$15,460$9,129$5,234$2,937$863
43 years$24,346$14,730$8,567$4,832$2,665$756
44 years$23,525$14,041$8,041$4,461$2,419$662
45 years$22,743$13,389$7,550$4,120$2,196$580
46 years$21,997$12,773$7,092$3,806$1,994$508
47 years$21,285$12,189$6,662$3,516$1,811$445
48 years$20,605$11,636$6,261$3,249$1,644$390
49 years$19,954$11,112$5,885$3,003$1,493$342
50 years$19,332$10,615$5,533$2,775$1,357$300

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $19,800,000, adding $2,556 every year, while hoping to spend $38,928 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: 37/50/13 Blend
56$19,800,000$19,800,000$19,800,000$19,800,000
57$21,822,237$20,772,837$20,465,937$22,542,677
58$24,006,686$21,749,286$21,110,126$24,034,996
59$26,412,644$22,772,278$21,774,592$25,641,921
60$29,062,664$23,844,050$22,459,971$27,376,759
61$31,981,598$24,966,950$23,166,922$29,250,961
62$35,196,831$26,143,441$23,896,124$31,277,077
63$38,738,541$27,376,103$24,648,278$33,468,859
64$42,639,982$28,667,642$25,424,105$35,841,382
65$46,937,798$30,020,894$26,224,351$38,411,177
66$51,672,371$31,438,835$27,049,783$41,196,370
67$56,888,198$32,924,583$27,901,196$44,216,849
68$62,634,314$34,481,408$28,779,406$47,494,432
69$68,964,755$36,112,738$29,685,258$51,053,063
70$75,939,066$37,822,168$30,619,620$54,919,023
71$83,622,864$39,613,468$31,583,390$59,121,165
72$92,088,456$41,490,588$32,577,494$63,691,168
73$101,415,525$43,457,673$33,602,886$68,663,824
74$111,691,878$45,519,068$34,660,552$74,077,346
75$123,014,275$47,679,328$35,751,506$79,973,715
76$135,489,346$49,943,230$36,876,797$86,399,053
77$149,234,595$52,315,784$38,037,505$93,404,044
78$164,379,507$54,802,241$39,234,745$101,044,388
79$181,066,773$57,408,108$40,469,666$109,381,311
80$199,453,639$60,139,160$41,743,454$118,482,115
81$219,713,384$63,001,452$43,057,333$128,420,794
82$242,036,960$66,001,334$44,412,565$139,278,706
83$266,634,794$69,145,464$45,810,450$151,145,319
84$293,738,775$72,440,823$47,252,332$164,119,025
85$323,604,439$75,894,733$48,739,594$178,308,042
86$356,513,387$79,514,870$50,273,666$193,831,409
87$392,775,938$83,309,284$51,856,019$210,820,076
88$432,734,062$87,286,418$53,488,175$229,418,110
89$476,764,607$91,455,123$55,171,699$249,784,021
90$525,282,855$95,824,682$56,908,209$272,092,221
91$578,746,445$100,404,829$58,699,372$296,534,638
92$637,659,690$105,205,774$60,546,909$323,322,488
93$702,578,341$110,238,219$62,452,593$352,688,223
94$774,114,831$115,513,391$64,418,254$384,887,693
95$852,944,058$121,043,061$66,445,780$420,202,508
96$939,809,756$126,839,576$68,537,118$458,942,655
97$1,035,531,516$132,915,879$70,694,276$501,449,374
98$1,141,012,521$139,285,549$72,919,325$548,098,329
99$1,257,248,078$145,962,821$75,214,403$599,303,099
100$1,385,335,009$152,962,626$77,581,712$655,519,032