Can I retire at age 57 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,554,814
2 years$813,526$798,375$783,691$769,454$755,645$723,506
3 years$536,964$521,747$507,100$492,997$479,412$448,177
4 years$398,709$383,539$369,039$355,176$341,921$311,829
5 years$315,778$300,700$286,390$272,810$259,923$231,060
6 years$260,509$245,544$231,445$218,168$205,668$178,066
7 years$221,047$206,207$192,332$179,368$167,263$140,928
8 years$191,463$176,758$163,113$150,467$138,761$113,685
9 years$168,466$153,899$140,489$128,165$116,857$93,023
10 years$150,079$135,655$122,482$110,479$99,568$76,953
11 years$135,045$120,765$107,831$96,150$85,632$64,208
12 years$122,526$108,393$95,697$84,337$74,207$53,943
13 years$111,940$97,955$85,499$74,457$64,710$45,572
14 years$102,875$89,039$76,821$66,094$56,724$38,675
15 years$95,026$81,338$69,359$58,944$49,944$32,947
16 years$88,165$74,626$62,885$52,778$44,141$28,155
17 years$82,117$68,728$57,222$47,421$39,138$24,124
18 years$76,747$63,508$52,237$42,736$34,800$20,716
19 years$71,948$58,858$47,820$38,615$31,018$17,823
20 years$67,634$54,694$43,887$34,974$27,706$15,358
21 years$63,736$50,945$40,367$31,741$24,794$13,253
22 years$60,197$47,556$37,205$28,860$22,224$11,449
23 years$56,971$44,478$34,352$26,283$19,950$9,901
24 years$54,018$41,673$31,770$23,972$17,931$8,570
25 years$51,305$39,108$29,425$21,892$16,135$7,423
26 years$48,805$36,755$27,290$20,017$14,534$6,433
27 years$46,495$34,591$25,342$18,322$13,104$5,579
28 years$44,353$32,595$23,558$16,787$11,824$4,840
29 years$42,362$30,749$21,923$15,394$10,676$4,201
30 years$40,508$29,040$20,420$14,128$9,647$3,648
31 years$38,776$27,452$19,037$12,975$8,722$3,168
32 years$37,157$25,975$17,762$11,925$7,889$2,753
33 years$35,638$24,599$16,585$10,966$7,140$2,392
34 years$34,212$23,314$15,496$10,090$6,464$2,079
35 years$32,870$22,113$14,487$9,288$5,855$1,807
36 years$31,606$20,989$13,553$8,554$5,305$1,571
37 years$30,413$19,934$12,685$7,881$4,808$1,366
38 years$29,285$18,945$11,879$7,264$4,359$1,188
39 years$28,218$18,015$11,129$6,698$3,953$1,034
40 years$27,206$17,139$10,432$6,178$3,585$899
41 years$26,247$16,315$9,781$5,700$3,253$782
42 years$25,336$15,538$9,175$5,260$2,952$680
43 years$24,469$14,805$8,610$4,856$2,679$592
44 years$23,644$14,112$8,082$4,484$2,431$515
45 years$22,858$13,457$7,589$4,141$2,207$448
46 years$22,108$12,837$7,127$3,825$2,004$390
47 years$21,393$12,251$6,696$3,534$1,820$339
48 years$20,709$11,695$6,292$3,265$1,653$295
49 years$20,055$11,168$5,914$3,018$1,501$257
50 years$19,429$10,668$5,560$2,789$1,363$224

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $19,900,000, adding $4,539 every year, while hoping to spend $55,753 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: 28/44/28 Blend
56$19,900,000$19,900,000$19,900,000$19,900,000
57$21,934,482$20,879,782$20,571,332$22,358,029
58$24,112,478$21,843,571$21,201,151$23,660,983
59$26,510,762$22,852,716$21,850,200$25,054,712
60$29,151,743$23,909,382$22,519,065$26,550,999
61$32,060,115$25,015,837$23,208,349$28,158,685
62$35,263,091$26,174,457$23,918,672$29,887,443
63$38,790,655$27,387,735$24,650,677$31,747,862
64$42,675,849$28,658,280$25,405,021$33,751,532
65$46,955,082$29,988,832$26,182,385$35,911,149
66$51,668,474$31,382,259$26,983,469$38,240,620
67$56,860,238$32,841,569$27,808,995$40,755,183
68$62,579,092$34,369,915$28,659,706$43,471,541
69$68,878,720$35,970,602$29,536,367$46,408,008
70$75,818,282$37,647,095$30,439,768$49,584,663
71$83,462,969$39,403,024$31,370,722$53,023,535
72$91,884,617$41,242,197$32,330,067$56,748,789
73$101,162,388$43,168,606$33,318,664$60,786,944
74$111,383,517$45,186,432$34,337,405$65,167,103
75$122,644,132$47,300,063$35,387,204$69,921,220
76$135,050,163$49,514,097$36,469,005$75,084,374
77$148,718,344$51,833,352$37,583,781$80,695,092
78$163,777,312$54,262,882$38,732,534$86,795,687
79$180,368,819$56,807,985$39,916,295$93,432,643
80$198,649,076$59,474,213$41,136,128$100,657,033
81$218,790,222$62,267,390$42,393,129$108,524,974
82$240,981,952$65,193,619$43,688,426$117,098,145
83$265,433,304$68,259,300$45,023,182$126,444,335
84$292,374,637$71,471,142$46,398,595$136,638,069
85$322,059,801$74,836,179$47,815,899$147,761,278
86$354,768,535$78,361,786$49,276,365$159,904,051
87$390,809,106$82,055,694$50,781,304$173,165,454
88$430,521,223$85,926,011$52,332,065$187,654,441
89$474,279,237$89,981,235$53,930,039$203,490,846
90$522,495,682$94,230,278$55,576,658$220,806,490
91$575,625,163$98,682,483$57,273,397$239,746,385
92$634,168,650$103,347,645$59,021,777$260,470,071
93$698,678,210$108,236,037$60,823,364$283,153,090
94$769,762,212$113,358,428$62,679,771$307,988,596
95$848,091,075$118,726,109$64,592,661$335,189,149
96$934,403,596$124,350,919$66,563,746$364,988,670
97$1,029,513,921$130,245,272$68,594,791$397,644,615
98$1,134,319,237$136,422,186$70,687,611$433,440,352
99$1,249,808,233$142,895,307$72,844,080$472,687,795
100$1,377,070,443$149,678,947$75,066,127$515,730,291