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%15.3%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,544,477
2 years$809,438$794,363$779,753$765,588$751,848$717,360
3 years$534,265$519,125$504,552$490,519$477,003$443,508
4 years$396,706$381,612$367,185$353,392$340,203$307,958
5 years$314,192$299,188$284,950$271,439$258,617$227,713
6 years$259,200$244,310$230,282$217,072$204,634$175,105
7 years$219,936$205,171$191,366$178,467$166,423$138,273
8 years$190,501$175,869$162,293$149,711$138,064$111,284
9 years$167,619$153,126$139,783$127,521$116,270$90,840
10 years$149,325$134,973$121,866$109,924$99,067$74,962
11 years$134,366$120,159$107,289$95,667$85,201$62,388
12 years$121,910$107,848$95,216$83,913$73,834$52,278
13 years$111,378$97,463$85,069$74,082$64,384$44,048
14 years$102,358$88,591$76,435$65,762$56,439$37,281
15 years$94,548$80,930$69,011$58,648$49,693$31,671
16 years$87,721$74,251$62,569$52,513$43,919$26,988
17 years$81,704$68,383$56,935$47,183$38,942$23,057
18 years$76,361$63,189$51,974$42,521$34,625$19,742
19 years$71,586$58,563$47,580$38,421$30,862$16,935
20 years$67,294$54,419$43,666$34,798$27,567$14,549
21 years$63,416$50,689$40,165$31,581$24,669$12,516
22 years$59,895$47,317$37,018$28,715$22,112$10,780
23 years$56,685$44,254$34,179$26,151$19,849$9,293
24 years$53,746$41,463$31,610$23,851$17,841$8,018
25 years$51,047$38,911$29,277$21,782$16,054$6,923
26 years$48,560$36,570$27,153$19,917$14,461$5,981
27 years$46,261$34,417$25,214$18,230$13,038$5,170
28 years$44,130$32,431$23,440$16,703$11,764$4,471
29 years$42,149$30,595$21,813$15,317$10,623$3,868
30 years$40,304$28,894$20,318$14,057$9,598$3,347
31 years$38,582$27,314$18,942$12,910$8,678$2,898
32 years$36,970$25,845$17,673$11,865$7,850$2,509
33 years$35,459$24,475$16,501$10,911$7,104$2,173
34 years$34,040$23,197$15,418$10,039$6,432$1,882
35 years$32,705$22,002$14,415$9,241$5,826$1,631
36 years$31,447$20,883$13,485$8,511$5,278$1,413
37 years$30,260$19,834$12,621$7,842$4,784$1,225
38 years$29,138$18,850$11,819$7,228$4,337$1,061
39 years$28,076$17,924$11,073$6,664$3,933$920
40 years$27,070$17,053$10,379$6,147$3,567$798
41 years$26,115$16,233$9,732$5,671$3,236$691
42 years$25,208$15,460$9,129$5,234$2,937$599
43 years$24,346$14,730$8,567$4,832$2,665$520
44 years$23,525$14,041$8,041$4,461$2,419$451
45 years$22,743$13,389$7,550$4,120$2,196$391
46 years$21,997$12,773$7,092$3,806$1,994$339
47 years$21,285$12,189$6,662$3,516$1,811$294
48 years$20,605$11,636$6,261$3,249$1,644$255
49 years$19,954$11,112$5,885$3,003$1,493$221
50 years$19,332$10,615$5,533$2,775$1,357$192

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 $4,085 every year, while hoping to spend $36,424 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: 35/47/18 Blend
56$19,800,000$19,800,000$19,800,000$19,800,000
57$21,823,814$20,774,414$20,467,514$22,467,153
58$24,011,088$21,753,605$21,114,421$23,916,682
59$26,420,243$22,779,556$21,781,778$25,475,945
60$29,073,873$23,854,519$22,470,233$27,157,594
61$31,996,874$24,980,857$23,180,452$28,972,520
62$35,216,682$26,161,046$23,913,123$30,932,654
63$38,763,528$27,397,681$24,668,957$33,051,068
64$42,670,727$28,693,486$25,448,686$35,342,091
65$46,974,989$30,051,316$26,253,066$37,821,430
66$51,716,770$31,474,162$27,082,875$40,506,308
67$56,940,647$32,965,163$27,938,918$43,415,617
68$62,695,747$34,527,609$28,822,025$46,570,080
69$69,036,201$36,164,950$29,733,052$49,992,438
70$76,021,665$37,880,804$30,672,880$53,707,647
71$83,717,875$39,678,964$31,642,422$57,743,100
72$92,197,272$41,563,407$32,642,617$62,128,874
73$101,539,682$43,538,302$33,674,433$66,897,996
74$111,833,075$45,608,024$34,738,871$72,086,735
75$123,174,388$47,777,157$35,836,963$77,734,935
76$135,670,447$50,050,509$36,969,773$83,886,367
77$149,438,970$52,433,122$38,138,398$90,589,123
78$164,609,683$54,930,282$39,343,972$97,896,057
79$181,325,538$57,547,533$40,587,662$105,865,257
80$199,744,068$60,290,688$41,870,674$114,560,572
81$220,038,874$63,165,842$43,194,253$124,052,197
82$242,401,258$66,179,388$44,559,679$134,417,309
83$267,042,036$69,338,027$45,968,278$145,740,769
84$294,193,522$72,648,789$47,421,414$158,115,901
85$324,111,726$76,119,044$48,920,496$171,645,343
86$357,078,766$79,756,522$50,466,977$186,441,991
87$393,405,535$83,569,326$52,062,355$202,630,029
88$433,434,634$87,565,957$53,708,178$220,346,078
89$477,543,605$91,755,328$55,406,041$239,740,448
90$526,148,499$96,146,784$57,157,589$260,978,522
91$579,707,798$100,750,129$58,964,521$284,242,288
92$638,726,749$105,575,641$60,828,587$309,732,011
93$703,762,128$110,634,098$62,751,596$337,668,093
94$775,427,501$115,936,805$64,735,411$368,293,104
95$854,399,014$121,495,616$66,781,955$401,874,037
96$941,421,776$127,322,964$68,893,212$438,704,780
97$1,037,316,892$133,431,884$71,071,230$479,108,840
98$1,142,989,218$139,836,049$73,318,119$523,442,356
99$1,259,435,900$146,549,797$75,636,058$572,097,400
100$1,387,755,790$153,588,166$78,027,294$625,505,632