Can I retire at age 57 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,462,856
2 years$756,293$742,208$728,557$715,322$702,484$690,026
3 years$499,187$485,041$471,425$458,314$445,685$433,516
4 years$370,659$356,557$343,077$330,189$317,866$306,080
5 years$293,563$279,545$266,242$253,617$241,637$230,268
6 years$242,182$228,269$215,163$202,820$191,199$180,261
7 years$205,496$191,700$178,801$166,749$155,496$144,995
8 years$177,994$164,322$151,638$139,882$128,999$118,934
9 years$156,614$143,072$130,605$119,148$108,636$99,004
10 years$139,521$126,111$113,865$102,707$92,563$83,360
11 years$125,544$112,269$100,245$89,386$79,607$70,825
12 years$113,906$100,767$88,965$78,403$68,986$60,616
13 years$104,065$91,064$79,484$69,218$60,157$52,191
14 years$95,638$82,775$71,417$61,444$52,733$45,160
15 years$88,341$75,616$64,480$54,798$46,431$39,240
16 years$81,962$69,376$58,460$49,065$41,036$34,216
17 years$76,340$63,893$53,197$44,085$36,385$29,925
18 years$71,347$59,040$48,562$39,729$32,352$26,240
19 years$66,886$54,718$44,456$35,899$28,836$23,059
20 years$62,876$50,846$40,799$32,513$25,757$20,303
21 years$59,252$47,361$37,528$29,508$23,049$17,905
22 years$55,962$44,210$34,587$26,829$20,660$15,814
23 years$52,963$41,349$31,935$24,434$18,546$13,985
24 years$50,218$38,741$29,535$22,285$16,670$12,381
25 years$47,696$36,357$27,355$20,352$15,000$10,971
26 years$45,372$34,169$25,371$18,609$13,512$9,731
27 years$43,224$32,157$23,559$17,033$12,182$8,637
28 years$41,232$30,302$21,901$15,606$10,992$7,671
29 years$39,382$28,586$20,381$14,311$9,925$6,817
30 years$37,658$26,997$18,984$13,134$8,968$6,062
31 years$36,048$25,521$17,698$12,063$8,108$5,392
32 years$34,543$24,148$16,513$11,086$7,334$4,799
33 years$33,131$22,868$15,418$10,194$6,638$4,272
34 years$31,805$21,674$14,406$9,380$6,010$3,804
35 years$30,558$20,557$13,468$8,635$5,443$3,389
36 years$29,382$19,512$12,599$7,952$4,932$3,020
37 years$28,273$18,532$11,793$7,327$4,470$2,691
38 years$27,225$17,612$11,043$6,753$4,052$2,399
39 years$26,233$16,747$10,346$6,227$3,675$2,139
40 years$25,292$15,934$9,698$5,743$3,333$1,907
41 years$24,400$15,167$9,093$5,299$3,024$1,701
42 years$23,553$14,445$8,530$4,890$2,744$1,517
43 years$22,748$13,763$8,004$4,514$2,490$1,353
44 years$21,981$13,119$7,513$4,168$2,260$1,207
45 years$21,250$12,510$7,055$3,850$2,052$1,077
46 years$20,553$11,934$6,626$3,556$1,863$961
47 years$19,888$11,389$6,225$3,285$1,692$858
48 years$19,252$10,872$5,850$3,036$1,536$765
49 years$18,644$10,382$5,498$2,805$1,395$683
50 years$18,062$9,918$5,169$2,593$1,267$610

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $18,500,000, adding $6,805 every year, while hoping to spend $55,814 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: 69/15/16 Blend
56$18,500,000$18,500,000$18,500,000$18,500,000
57$20,394,019$19,413,519$19,126,769$21,724,141
58$22,414,824$20,305,396$19,708,130$23,502,709
59$24,639,879$21,239,104$20,307,097$25,440,716
60$27,089,961$22,216,634$20,924,198$27,559,728
61$29,787,961$23,240,073$21,559,983$29,877,570
62$32,759,104$24,311,608$22,215,013$32,413,859
63$36,031,185$25,433,529$22,889,869$35,190,189
64$39,634,835$26,608,241$23,585,148$38,230,326
65$43,603,803$27,838,260$24,301,466$41,560,431
66$47,975,282$29,126,226$25,039,456$45,209,305
67$52,790,255$30,474,905$25,799,771$49,208,653
68$58,093,881$31,887,196$26,583,084$53,593,383
69$63,935,927$33,366,138$27,390,088$58,401,927
70$70,371,230$34,914,917$28,221,494$63,676,604
71$77,460,220$36,536,873$29,078,039$69,464,009
72$85,269,488$38,235,505$29,960,478$75,815,452
73$93,872,413$40,014,482$30,869,591$82,787,437
74$103,349,858$41,877,650$31,806,181$90,442,188
75$113,790,929$43,829,041$32,771,074$98,848,231
76$125,293,820$45,872,880$33,765,122$108,081,037
77$137,966,738$48,013,599$34,789,201$118,223,725
78$151,928,920$50,255,841$35,844,215$129,367,843
79$167,311,767$52,604,474$36,931,093$141,614,225
80$184,260,076$55,064,602$38,050,793$155,073,933
81$202,933,412$57,641,575$39,204,303$169,869,303
82$223,507,610$60,341,003$40,392,637$186,135,087
83$246,176,439$63,168,765$41,616,843$204,019,721
84$271,153,427$66,131,025$42,877,998$223,686,717
85$298,673,877$69,234,246$44,177,212$245,316,195
86$328,997,092$72,485,204$45,515,628$269,106,579
87$362,408,817$75,891,000$46,894,423$295,276,456
88$399,223,939$79,459,082$48,314,809$324,066,634
89$439,789,461$83,197,257$49,778,035$355,742,400
90$484,487,773$87,113,710$51,285,387$390,596,019
91$533,740,266$91,217,022$52,838,188$428,949,476
92$588,011,308$95,516,191$54,437,802$471,157,510
93$647,812,627$100,020,650$56,085,634$517,610,945
94$713,708,141$104,740,288$57,783,129$568,740,369
95$786,319,285$109,685,475$59,531,777$625,020,187
96$866,330,872$114,867,083$61,333,111$686,973,082
97$954,497,562$120,296,511$63,188,711$755,174,937
98$1,051,650,984$125,985,711$65,100,204$830,260,257
99$1,158,707,587$131,947,214$67,069,264$912,928,141
100$1,276,677,292$138,194,159$69,097,615$1,003,948,864