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

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,528,727
2 years$813,526$798,375$783,691$769,454$755,645$697,730
3 years$536,964$521,747$507,100$492,997$479,412$423,531
4 years$398,709$383,539$369,039$355,176$341,921$288,499
5 years$315,778$300,700$286,390$272,810$259,923$209,100
6 years$260,509$245,544$231,445$218,168$205,668$157,481
7 years$221,047$206,207$192,332$179,368$167,263$121,700
8 years$191,463$176,758$163,113$150,467$138,761$95,781
9 years$168,466$153,899$140,489$128,165$116,857$76,401
10 years$150,079$135,655$122,482$110,479$99,568$61,565
11 years$135,045$120,765$107,831$96,150$85,632$50,001
12 years$122,526$108,393$95,697$84,337$74,207$40,861
13 years$111,940$97,955$85,499$74,457$64,710$33,555
14 years$102,875$89,039$76,821$66,094$56,724$27,664
15 years$95,026$81,338$69,359$58,944$49,944$22,880
16 years$88,165$74,626$62,885$52,778$44,141$18,972
17 years$82,117$68,728$57,222$47,421$39,138$15,765
18 years$76,747$63,508$52,237$42,736$34,800$13,123
19 years$71,948$58,858$47,820$38,615$31,018$10,940
20 years$67,634$54,694$43,887$34,974$27,706$9,131
21 years$63,736$50,945$40,367$31,741$24,794$7,628
22 years$60,197$47,556$37,205$28,860$22,224$6,378
23 years$56,971$44,478$34,352$26,283$19,950$5,337
24 years$54,018$41,673$31,770$23,972$17,931$4,468
25 years$51,305$39,108$29,425$21,892$16,135$3,742
26 years$48,805$36,755$27,290$20,017$14,534$3,135
27 years$46,495$34,591$25,342$18,322$13,104$2,628
28 years$44,353$32,595$23,558$16,787$11,824$2,203
29 years$42,362$30,749$21,923$15,394$10,676$1,848
30 years$40,508$29,040$20,420$14,128$9,647$1,550
31 years$38,776$27,452$19,037$12,975$8,722$1,300
32 years$37,157$25,975$17,762$11,925$7,889$1,091
33 years$35,638$24,599$16,585$10,966$7,140$915
34 years$34,212$23,314$15,496$10,090$6,464$768
35 years$32,870$22,113$14,487$9,288$5,855$645
36 years$31,606$20,989$13,553$8,554$5,305$541
37 years$30,413$19,934$12,685$7,881$4,808$454
38 years$29,285$18,945$11,879$7,264$4,359$381
39 years$28,218$18,015$11,129$6,698$3,953$320
40 years$27,206$17,139$10,432$6,178$3,585$269
41 years$26,247$16,315$9,781$5,700$3,253$226
42 years$25,336$15,538$9,175$5,260$2,952$189
43 years$24,469$14,805$8,610$4,856$2,679$159
44 years$23,644$14,112$8,082$4,484$2,431$133
45 years$22,858$13,457$7,589$4,141$2,207$112
46 years$22,108$12,837$7,127$3,825$2,004$94
47 years$21,393$12,251$6,696$3,534$1,820$79
48 years$20,709$11,695$6,292$3,265$1,653$66
49 years$20,055$11,168$5,914$3,018$1,501$56
50 years$19,429$10,668$5,560$2,789$1,363$47

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 $3,782 every year, while hoping to spend $38,952 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: 70/11/19 Blend
56$19,900,000$19,900,000$19,900,000$19,900,000
57$21,933,701$20,879,001$20,570,551$23,367,897
58$24,129,494$21,860,628$21,218,220$25,305,952
59$26,547,952$22,889,048$21,886,280$27,421,512
60$29,211,747$23,966,515$22,575,374$29,736,118
61$32,145,859$25,095,388$23,286,163$32,269,442
62$35,377,818$26,278,144$24,019,331$35,043,141
63$38,937,959$27,517,376$24,775,582$38,081,053
64$42,859,710$28,815,806$25,555,643$41,409,421
65$47,179,906$30,176,287$26,360,263$45,057,137
66$51,939,141$31,601,810$27,190,217$49,056,010
67$57,182,145$33,095,510$28,046,300$53,441,065
68$62,958,209$34,660,675$28,929,337$58,250,867
69$69,321,652$36,300,754$29,840,175$63,527,880
70$76,332,329$38,019,359$30,779,689$69,318,867
71$84,056,202$39,820,283$31,748,784$75,675,324
72$92,565,955$41,707,498$32,748,389$82,653,964
73$101,941,688$43,685,171$33,779,466$90,317,243
74$112,271,667$45,757,671$34,843,005$98,733,949
75$123,653,160$47,929,579$35,940,028$107,979,844
76$136,193,353$50,205,699$37,071,589$118,138,374
77$150,010,364$52,591,068$38,238,777$129,301,448
78$165,234,357$55,090,966$39,442,712$141,570,306
79$182,008,769$57,710,931$40,684,551$155,056,461
80$200,491,668$60,456,771$41,965,487$169,882,751
81$220,857,240$63,334,575$43,286,753$186,184,488
82$243,297,435$66,350,726$44,649,616$204,110,728
83$268,023,783$69,511,920$46,055,387$223,825,676
84$295,269,383$72,825,179$47,505,417$245,510,219
85$325,291,110$76,297,863$49,001,099$269,363,636
86$358,372,038$79,937,692$50,543,870$295,605,460
87$394,824,109$83,752,762$52,135,212$324,477,551
88$434,991,082$87,751,562$53,776,656$356,246,364
89$479,251,776$91,942,992$55,469,777$391,205,458
90$528,023,646$96,336,388$57,216,204$429,678,254
91$581,766,725$100,941,538$59,017,614$472,021,080
92$640,987,965$105,768,707$60,875,738$518,626,524
93$706,246,024$110,828,661$62,792,362$569,927,129
94$778,156,540$116,132,686$64,769,328$626,399,460
95$857,397,941$121,692,622$66,808,535$688,568,599
96$944,717,853$127,520,882$68,911,942$757,013,079
97$1,040,940,152$133,630,484$71,081,571$832,370,340
98$1,146,972,751$140,035,081$73,319,506$915,342,729
99$1,263,816,160$146,748,989$75,627,899$1,006,704,115
100$1,392,572,942$153,787,222$78,008,966$1,107,307,184