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%13.8%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,569,700
2 years$817,615$802,387$787,630$773,321$759,442$734,191
3 years$539,662$524,369$509,648$495,474$481,821$457,233
4 years$400,713$385,467$370,894$356,961$343,639$319,903
5 years$317,365$302,211$287,829$274,180$261,229$238,413
6 years$261,818$246,778$232,608$219,264$206,701$184,833
7 years$222,157$207,243$193,299$180,269$168,104$147,189
8 years$192,425$177,646$163,933$151,223$139,458$119,494
9 years$169,313$154,673$141,195$128,809$117,444$98,420
10 years$150,833$136,336$123,097$111,034$100,068$81,969
11 years$135,724$121,372$108,373$96,633$86,062$68,869
12 years$123,141$108,937$96,178$84,760$74,579$58,271
13 years$112,503$98,447$85,929$74,831$65,035$49,587
14 years$103,392$89,486$77,207$66,426$57,009$42,397
15 years$95,503$81,747$69,708$59,241$50,195$36,392
16 years$88,608$75,001$63,201$53,044$44,363$31,340
17 years$82,529$69,073$57,510$47,659$39,335$27,065
18 years$77,132$63,827$52,499$42,951$34,975$23,428
19 years$72,309$59,154$48,060$38,809$31,174$20,320
20 years$67,974$54,969$44,107$35,149$27,845$17,655
21 years$64,056$51,201$40,570$31,900$24,918$15,363
22 years$60,500$47,795$37,392$29,005$22,336$13,385
23 years$57,257$44,701$34,525$26,415$20,050$11,674
24 years$54,289$41,882$31,930$24,092$18,021$10,192
25 years$51,563$39,304$29,573$22,002$16,216$8,905
26 years$49,051$36,940$27,428$20,118$14,607$7,786
27 years$46,728$34,765$25,469$18,414$13,170$6,812
28 years$44,576$32,759$23,677$16,871$11,883$5,964
29 years$42,575$30,904$22,033$15,471$10,730$5,223
30 years$40,711$29,186$20,523$14,199$9,695$4,576
31 years$38,971$27,590$19,133$13,041$8,766$4,011
32 years$37,343$26,106$17,851$11,985$7,929$3,517
33 years$35,817$24,723$16,668$11,021$7,176$3,084
34 years$34,384$23,431$15,574$10,140$6,497$2,706
35 years$33,035$22,224$14,560$9,335$5,884$2,374
36 years$31,765$21,094$13,621$8,597$5,332$2,083
37 years$30,565$20,035$12,749$7,921$4,832$1,828
38 years$29,432$19,040$11,939$7,301$4,381$1,605
39 years$28,360$18,105$11,185$6,732$3,973$1,409
40 years$27,343$17,226$10,484$6,209$3,603$1,237
41 years$26,379$16,397$9,831$5,729$3,269$1,087
42 years$25,463$15,616$9,221$5,287$2,966$954
43 years$24,592$14,879$8,653$4,880$2,692$838
44 years$23,763$14,183$8,122$4,506$2,444$736
45 years$22,973$13,525$7,627$4,162$2,218$647
46 years$22,219$12,902$7,163$3,844$2,014$568
47 years$21,500$12,312$6,730$3,552$1,829$499
48 years$20,813$11,754$6,324$3,282$1,661$438
49 years$20,156$11,224$5,944$3,033$1,509$385
50 years$19,527$10,722$5,588$2,803$1,370$338

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 $6,663 every year, while hoping to spend $34,751 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: 47/31/22 Blend
56$20,000,000$20,000,000$20,000,000$20,000,000
57$22,046,873$20,986,873$20,676,873$22,944,495
58$24,258,679$21,978,255$21,332,573$24,564,643
59$26,694,925$23,017,050$22,009,075$26,318,176
60$29,378,466$24,105,544$22,707,038$28,220,838
61$32,334,490$25,246,136$23,427,144$30,286,607
62$35,590,749$26,441,338$24,170,095$32,530,837
63$39,177,829$27,693,787$24,936,616$34,970,390
64$43,129,430$29,006,245$25,727,456$37,623,789
65$47,482,692$30,381,611$26,543,385$40,511,390
66$52,278,540$31,822,923$27,385,202$43,655,557
67$57,562,071$33,333,367$28,253,726$47,080,872
68$63,382,983$34,916,282$29,149,807$50,814,354
69$69,796,040$36,575,173$30,074,318$54,885,705
70$76,861,590$38,313,710$31,028,161$59,327,582
71$84,646,136$40,135,746$32,012,269$64,175,894
72$93,222,963$42,045,319$33,027,601$69,470,129
73$102,672,829$44,046,663$34,075,149$75,253,717
74$113,084,726$46,144,218$35,155,935$81,574,428
75$124,556,723$48,342,640$36,271,014$88,484,809
76$137,196,891$50,646,812$37,421,476$96,042,671
77$151,124,321$53,061,852$38,608,442$104,311,615
78$166,470,249$55,593,130$39,833,072$113,361,623
79$183,379,296$58,246,275$41,096,561$123,269,703
80$202,010,831$61,027,190$42,400,143$134,120,600
81$222,540,480$63,942,065$43,745,092$146,007,577
82$245,161,775$66,997,393$45,132,718$159,033,285
83$270,087,990$70,199,980$46,564,379$173,310,708
84$297,554,151$73,556,965$48,041,471$188,964,214
85$327,819,251$77,075,833$49,565,438$206,130,709
86$361,168,701$80,764,435$51,137,766$224,960,909
87$397,917,019$84,631,003$52,759,992$245,620,744
88$438,410,803$88,684,169$54,433,699$268,292,896
89$483,031,999$92,932,988$56,160,522$293,178,507
90$532,201,511$97,386,952$57,942,148$320,499,052
91$586,383,171$102,056,019$59,780,316$350,498,401
92$646,088,119$106,950,628$61,676,821$383,445,097
93$711,879,629$112,081,731$63,633,516$419,634,864
94$784,378,424$117,460,808$65,652,312$459,393,369
95$864,268,539$123,099,904$67,735,180$503,079,265
96$952,303,776$129,011,646$69,884,155$551,087,546
97$1,049,314,823$135,209,278$72,101,335$603,853,243
98$1,156,217,092$141,706,690$74,388,888$661,855,494
99$1,274,019,366$148,518,448$76,749,046$725,622,032
100$1,403,833,318$155,659,829$79,184,116$795,734,131