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%14.8%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,563,267
2 years$817,615$802,387$787,630$773,321$759,442$727,778
3 years$539,662$524,369$509,648$495,474$481,821$451,042
4 years$400,713$385,467$370,894$356,961$343,639$313,981
5 years$317,365$302,211$287,829$274,180$261,229$232,777
6 years$261,818$246,778$232,608$219,264$206,701$179,487
7 years$222,157$207,243$193,299$180,269$168,104$142,132
8 years$192,425$177,646$163,933$151,223$139,458$114,723
9 years$169,313$154,673$141,195$128,809$117,444$93,928
10 years$150,833$136,336$123,097$111,034$100,068$77,750
11 years$135,724$121,372$108,373$96,633$86,062$64,914
12 years$123,141$108,937$96,178$84,760$74,579$54,571
13 years$112,503$98,447$85,929$74,831$65,035$46,133
14 years$103,392$89,486$77,207$66,426$57,009$39,179
15 years$95,503$81,747$69,708$59,241$50,195$33,399
16 years$88,608$75,001$63,201$53,044$44,363$28,561
17 years$82,529$69,073$57,510$47,659$39,335$24,489
18 years$77,132$63,827$52,499$42,951$34,975$21,045
19 years$72,309$59,154$48,060$38,809$31,174$18,119
20 years$67,974$54,969$44,107$35,149$27,845$15,626
21 years$64,056$51,201$40,570$31,900$24,918$13,494
22 years$60,500$47,795$37,392$29,005$22,336$11,666
23 years$57,257$44,701$34,525$26,415$20,050$10,097
24 years$54,289$41,882$31,930$24,092$18,021$8,746
25 years$51,563$39,304$29,573$22,002$16,216$7,581
26 years$49,051$36,940$27,428$20,118$14,607$6,576
27 years$46,728$34,765$25,469$18,414$13,170$5,708
28 years$44,576$32,759$23,677$16,871$11,883$4,956
29 years$42,575$30,904$22,033$15,471$10,730$4,305
30 years$40,711$29,186$20,523$14,199$9,695$3,741
31 years$38,971$27,590$19,133$13,041$8,766$3,252
32 years$37,343$26,106$17,851$11,985$7,929$2,828
33 years$35,817$24,723$16,668$11,021$7,176$2,459
34 years$34,384$23,431$15,574$10,140$6,497$2,139
35 years$33,035$22,224$14,560$9,335$5,884$1,861
36 years$31,765$21,094$13,621$8,597$5,332$1,620
37 years$30,565$20,035$12,749$7,921$4,832$1,410
38 years$29,432$19,040$11,939$7,301$4,381$1,227
39 years$28,360$18,105$11,185$6,732$3,973$1,068
40 years$27,343$17,226$10,484$6,209$3,603$930
41 years$26,379$16,397$9,831$5,729$3,269$809
42 years$25,463$15,616$9,221$5,287$2,966$705
43 years$24,592$14,879$8,653$4,880$2,692$614
44 years$23,763$14,183$8,122$4,506$2,444$534
45 years$22,973$13,525$7,627$4,162$2,218$465
46 years$22,219$12,902$7,163$3,844$2,014$405
47 years$21,500$12,312$6,730$3,552$1,829$353
48 years$20,813$11,754$6,324$3,282$1,661$307
49 years$20,156$11,224$5,944$3,033$1,509$268
50 years$19,527$10,722$5,588$2,803$1,370$233

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 $4,947 every year, while hoping to spend $36,541 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: 57/27/16 Blend
56$20,000,000$20,000,000$20,000,000$20,000,000
57$22,045,103$20,985,103$20,675,103$23,209,465
58$24,254,824$21,974,494$21,328,839$24,989,181
59$26,688,712$23,011,140$22,003,252$26,923,227
60$29,369,593$24,097,318$22,698,993$29,029,979
61$32,322,621$25,235,416$23,416,739$31,326,024
62$35,575,514$26,427,937$24,157,185$33,829,598
63$39,158,816$27,677,505$24,921,050$36,560,747
64$43,106,184$28,986,872$25,709,074$39,541,516
65$47,454,708$30,358,922$26,522,022$42,796,146
66$52,245,261$31,796,682$27,360,682$46,351,298
67$57,522,880$33,303,322$28,225,867$50,236,295
68$63,337,197$34,882,168$29,118,417$54,483,393
69$69,742,905$36,536,707$30,039,197$59,128,078
70$76,800,272$38,270,597$30,989,101$64,209,390
71$84,575,713$40,087,670$31,969,050$69,770,286
72$93,142,417$41,991,947$32,979,994$75,858,034
73$102,581,034$43,987,643$34,022,915$82,524,650
74$112,980,440$46,079,178$35,098,823$89,827,380
75$124,438,574$48,271,186$36,208,762$97,829,229
76$137,063,362$50,568,528$37,353,809$106,599,544
77$150,973,739$52,976,300$38,535,076$116,214,659
78$166,300,766$55,499,844$39,753,706$126,758,604
79$183,188,872$58,144,765$41,010,884$138,323,882
80$201,797,217$60,916,938$42,307,828$151,012,333
81$222,301,189$63,822,525$43,645,797$164,936,080
82$244,894,068$66,867,985$45,026,088$180,218,573
83$269,788,842$70,060,096$46,450,041$196,995,741
84$297,220,224$73,405,960$47,919,038$215,417,255
85$327,446,863$76,913,029$49,434,502$235,647,932
86$360,753,791$80,589,115$50,997,906$257,869,264
87$397,455,107$84,442,411$52,610,764$282,281,124
88$437,896,946$88,481,507$54,274,643$309,103,624
89$482,460,747$92,715,414$55,991,157$338,579,181
90$531,566,854$97,153,580$57,761,971$370,974,779
91$585,678,479$101,805,911$59,588,803$406,584,474
92$645,306,081$106,682,798$61,473,425$445,732,140
93$711,012,184$111,795,138$63,417,667$488,774,508
94$783,416,683$117,154,356$65,423,415$536,104,510
95$863,202,700$122,772,435$67,492,615$588,154,958
96$951,123,033$128,661,941$69,627,275$645,402,604
97$1,048,007,260$134,836,054$71,829,467$708,372,616
98$1,154,769,573$141,308,593$74,101,326$777,643,502
99$1,272,417,407$148,094,052$76,445,059$853,852,543
100$1,402,060,953$155,207,631$78,862,939$937,701,774