Can I retire at age 57 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,533,368
2 years$817,615$802,387$787,630$773,321$759,442$698,255
3 years$539,662$524,369$509,648$495,474$481,821$422,833
4 years$400,713$385,467$370,894$356,961$343,639$287,299
5 years$317,365$302,211$287,829$274,180$261,229$207,681
6 years$261,818$246,778$232,608$219,264$206,701$155,982
7 years$222,157$207,243$193,299$180,269$168,104$120,197
8 years$192,425$177,646$163,933$151,223$139,458$94,317
9 years$169,313$154,673$141,195$128,809$117,444$75,003
10 years$150,833$136,336$123,097$111,034$100,068$60,248
11 years$135,724$121,372$108,373$96,633$86,062$48,772
12 years$123,141$108,937$96,178$84,760$74,579$39,723
13 years$112,503$98,447$85,929$74,831$65,035$32,509
14 years$103,392$89,486$77,207$66,426$57,009$26,708
15 years$95,503$81,747$69,708$59,241$50,195$22,011
16 years$88,608$75,001$63,201$53,044$44,363$18,185
17 years$82,529$69,073$57,510$47,659$39,335$15,056
18 years$77,132$63,827$52,499$42,951$34,975$12,486
19 years$72,309$59,154$48,060$38,809$31,174$10,369
20 years$67,974$54,969$44,107$35,149$27,845$8,621
21 years$64,056$51,201$40,570$31,900$24,918$7,175
22 years$60,500$47,795$37,392$29,005$22,336$5,975
23 years$57,257$44,701$34,525$26,415$20,050$4,980
24 years$54,289$41,882$31,930$24,092$18,021$4,153
25 years$51,563$39,304$29,573$22,002$16,216$3,464
26 years$49,051$36,940$27,428$20,118$14,607$2,891
27 years$46,728$34,765$25,469$18,414$13,170$2,413
28 years$44,576$32,759$23,677$16,871$11,883$2,015
29 years$42,575$30,904$22,033$15,471$10,730$1,683
30 years$40,711$29,186$20,523$14,199$9,695$1,406
31 years$38,971$27,590$19,133$13,041$8,766$1,175
32 years$37,343$26,106$17,851$11,985$7,929$982
33 years$35,817$24,723$16,668$11,021$7,176$820
34 years$34,384$23,431$15,574$10,140$6,497$686
35 years$33,035$22,224$14,560$9,335$5,884$573
36 years$31,765$21,094$13,621$8,597$5,332$479
37 years$30,565$20,035$12,749$7,921$4,832$400
38 years$29,432$19,040$11,939$7,301$4,381$335
39 years$28,360$18,105$11,185$6,732$3,973$280
40 years$27,343$17,226$10,484$6,209$3,603$234
41 years$26,379$16,397$9,831$5,729$3,269$196
42 years$25,463$15,616$9,221$5,287$2,966$163
43 years$24,592$14,879$8,653$4,880$2,692$137
44 years$23,763$14,183$8,122$4,506$2,444$114
45 years$22,973$13,525$7,627$4,162$2,218$96
46 years$22,219$12,902$7,163$3,844$2,014$80
47 years$21,500$12,312$6,730$3,552$1,829$67
48 years$20,813$11,754$6,324$3,282$1,661$56
49 years$20,156$11,224$5,944$3,033$1,509$47
50 years$19,527$10,722$5,588$2,803$1,370$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $20,000,000, adding $6,062 every year, while hoping to spend $38,142 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: 31/44/25 Blend
56$20,000,000$20,000,000$20,000,000$20,000,000
57$22,046,253$20,986,253$20,676,253$22,559,698
58$24,254,388$21,973,997$21,328,325$23,941,306
59$26,686,474$23,008,861$22,000,962$25,423,679
60$29,365,315$24,093,116$22,694,815$27,018,628
61$32,316,037$25,229,138$23,410,551$28,736,009
62$35,566,330$26,419,423$24,148,862$30,586,609
63$39,146,706$27,666,585$24,910,458$32,582,243
64$43,090,787$28,973,365$25,696,076$34,735,853
65$47,435,624$30,342,637$26,506,472$37,061,619
66$52,222,047$31,777,415$27,342,427$39,575,080
67$57,495,046$33,280,859$28,204,749$42,293,275
68$63,304,201$34,856,281$29,094,269$45,234,885
69$69,704,147$36,507,157$30,011,844$48,420,398
70$76,755,090$38,237,127$30,958,361$51,872,293
71$84,523,373$40,050,010$31,934,730$55,615,232
72$93,082,109$41,949,812$32,941,895$59,676,284
73$102,511,862$43,940,731$33,980,827$64,085,160
74$112,901,414$46,027,169$35,052,527$68,874,481
75$124,348,601$48,213,743$36,158,029$74,080,068
76$136,961,235$50,505,294$37,298,400$79,741,260
77$150,858,124$52,906,896$38,474,739$85,901,273
78$166,170,191$55,423,872$39,688,181$92,607,582
79$183,041,712$58,061,803$40,939,896$99,912,352
80$201,631,676$60,826,541$42,231,092$107,872,912
81$222,115,287$63,724,221$43,563,014$116,552,268
82$244,685,618$66,761,279$44,936,946$126,019,679
83$269,555,431$69,944,463$46,354,214$136,351,287
84$296,959,189$73,280,846$47,816,185$147,630,807
85$327,155,268$76,777,849$49,324,269$159,950,296
86$360,428,393$80,443,251$50,879,920$173,410,987
87$397,092,331$84,285,212$52,484,639$188,124,224
88$437,492,848$88,312,287$54,139,973$204,212,475
89$482,010,976$92,533,446$55,847,520$221,810,464
90$531,066,610$96,958,100$57,608,926$241,066,402
91$585,122,470$101,596,112$59,425,891$262,143,356
92$644,688,470$106,457,830$61,300,166$285,220,752
93$710,326,532$111,554,102$63,233,560$310,496,029
94$782,655,892$116,896,306$65,227,938$338,186,463
95$862,358,942$122,496,374$67,285,223$368,531,178
96$950,187,676$128,366,819$69,407,400$401,793,358
97$1,046,970,787$134,520,761$71,596,516$438,262,686
98$1,153,621,490$140,971,960$73,854,682$478,258,032
99$1,271,146,145$147,734,849$76,184,076$522,130,413
100$1,400,653,755$154,824,560$78,586,946$570,266,252