Can I retire at age 57 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,420,947
2 years$735,853$722,148$708,867$695,989$683,498$668,996
3 years$485,696$471,932$458,684$445,927$433,639$419,483
4 years$360,642$346,920$333,804$321,265$309,275$295,574
5 years$285,629$271,990$259,046$246,762$235,106$221,901
6 years$235,636$222,100$209,347$197,338$186,031$173,338
7 years$199,942$186,519$173,969$162,242$151,293$139,117
8 years$173,183$159,881$147,539$136,101$125,512$113,852
9 years$152,381$139,205$127,076$115,928$105,700$94,552
10 years$135,750$122,703$110,787$99,931$90,061$79,419
11 years$122,151$109,235$97,535$86,970$77,456$67,311
12 years$110,827$98,044$86,560$76,284$67,122$57,463
13 years$101,253$88,603$77,336$67,348$58,531$49,348
14 years$93,053$80,537$69,487$59,784$51,308$42,588
15 years$85,953$73,572$62,737$53,317$45,176$36,906
16 years$79,747$67,501$56,880$47,739$39,926$32,093
17 years$74,276$62,166$51,759$42,893$35,402$27,990
18 years$69,419$57,444$47,249$38,655$31,477$24,473
19 years$65,078$53,239$43,254$34,929$28,057$21,445
20 years$61,176$49,472$39,697$31,634$25,061$18,826
21 years$57,651$46,081$36,513$28,710$22,426$16,554
22 years$54,450$43,015$33,653$26,104$20,102$14,577
23 years$51,531$40,231$31,072$23,774$18,045$12,851
24 years$48,860$37,694$28,737$21,683$16,219$11,342
25 years$46,407$35,374$26,616$19,802$14,595$10,020
26 years$44,146$33,246$24,685$18,106$13,146$8,859
27 years$42,055$31,288$22,922$16,573$11,853$7,838
28 years$40,118$29,483$21,309$15,184$10,695$6,939
29 years$38,318$27,814$19,830$13,924$9,657$6,147
30 years$36,640$26,267$18,471$12,779$8,726$5,448
31 years$35,074$24,831$17,220$11,737$7,889$4,830
32 years$33,609$23,495$16,066$10,786$7,136$4,285
33 years$32,235$22,250$15,001$9,919$6,458$3,802
34 years$30,945$21,088$14,016$9,126$5,847$3,374
35 years$29,732$20,002$13,104$8,401$5,296$2,996
36 years$28,588$18,985$12,259$7,737$4,798$2,660
37 years$27,509$18,031$11,474$7,129$4,349$2,363
38 years$26,489$17,136$10,745$6,571$3,943$2,099
39 years$25,524$16,295$10,067$6,059$3,575$1,865
40 years$24,609$15,503$9,436$5,588$3,243$1,657
41 years$23,741$14,757$8,848$5,156$2,942$1,473
42 years$22,917$14,054$8,299$4,758$2,670$1,309
43 years$22,133$13,391$7,788$4,392$2,423$1,164
44 years$21,387$12,764$7,310$4,056$2,199$1,035
45 years$20,676$12,172$6,864$3,745$1,997$920
46 years$19,997$11,612$6,447$3,460$1,813$818
47 years$19,350$11,081$6,057$3,196$1,646$727
48 years$18,732$10,578$5,692$2,954$1,495$647
49 years$18,140$10,102$5,350$2,730$1,358$575
50 years$17,574$9,650$5,030$2,523$1,233$512

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $18,000,000, adding $5,769 every year, while hoping to spend $23,121 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: 66/28/6 Blend
56$18,000,000$18,000,000$18,000,000$18,000,000
57$19,841,951$18,887,951$18,608,951$21,132,663
58$21,841,229$19,788,860$19,207,750$22,891,062
59$24,043,659$20,733,138$19,825,834$24,808,679
60$26,469,937$21,722,887$20,463,825$26,903,697
61$29,142,872$22,760,310$21,122,364$29,193,392
62$32,087,595$23,847,715$21,802,113$31,696,762
63$35,331,802$24,987,526$22,503,757$34,434,706
64$38,906,014$26,182,283$23,228,001$37,430,212
65$42,843,862$27,434,649$23,975,573$40,708,567
66$47,182,408$28,747,419$24,747,227$44,297,595
67$51,962,493$30,123,521$25,543,738$48,227,909
68$57,229,121$31,566,028$26,365,907$52,533,194
69$63,031,889$33,078,161$27,214,562$57,250,520
70$69,425,449$34,663,298$28,090,558$62,420,681
71$76,470,028$36,324,983$28,994,775$68,088,579
72$84,231,995$38,066,931$29,928,123$74,303,630
73$92,784,486$39,893,038$30,891,543$81,120,233
74$102,208,096$41,807,390$31,886,003$88,598,266
75$112,591,643$43,814,272$32,912,504$96,803,648
76$124,032,998$45,918,179$33,972,081$105,808,947
77$136,640,017$48,123,824$35,065,799$115,694,060
78$150,531,555$50,436,147$36,194,760$126,546,952
79$165,838,590$52,860,334$37,360,100$138,464,479
80$182,705,455$55,401,820$38,562,992$151,553,287
81$201,291,207$58,066,305$39,804,649$165,930,812
82$221,771,125$60,859,769$41,086,319$181,726,370
83$244,338,364$63,788,481$42,409,294$199,082,368
84$269,205,777$66,859,017$43,774,906$218,155,635
85$296,607,932$70,078,274$45,184,531$239,118,885
86$326,803,316$73,453,485$46,639,588$262,162,335
87$360,076,782$76,992,234$48,141,542$287,495,483
88$396,742,237$80,702,476$49,691,907$315,349,071
89$437,145,604$84,592,556$51,292,245$345,977,242
90$481,668,087$88,671,223$52,944,166$379,659,925
91$530,729,774$92,947,654$54,649,337$416,705,455
92$584,793,595$97,431,474$56,409,475$457,453,466
93$644,369,702$102,132,777$58,226,352$502,278,076
94$710,020,278$107,062,148$60,101,801$551,591,395
95$782,364,845$112,230,693$62,037,710$605,847,393
96$862,086,117$117,650,055$64,036,032$665,546,162
97$949,936,441$123,332,447$66,098,778$731,238,612
98$1,046,744,900$129,290,679$68,228,029$803,531,643
99$1,153,425,142$135,538,185$70,425,931$883,093,849
100$1,270,984,006$142,089,055$72,694,699$970,661,799