Can I retire at age 57 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,434,267
2 years$764,470$750,232$736,434$723,055$710,078$653,424
3 years$504,584$490,285$476,521$463,268$450,503$395,875
4 years$374,667$360,411$346,785$333,759$321,302$269,118
5 years$296,736$282,567$269,120$256,359$244,249$194,641
6 years$244,800$230,737$217,489$205,012$193,266$146,269
7 years$207,717$193,773$180,734$168,552$157,177$112,776
8 years$179,918$166,099$153,277$141,394$130,393$88,547
9 years$158,307$144,619$132,017$120,436$109,810$70,458
10 years$141,029$127,475$115,096$103,817$93,564$56,633
11 years$126,902$113,483$101,328$90,352$80,468$45,875
12 years$115,137$101,856$89,926$79,251$69,732$37,389
13 years$105,190$92,048$80,343$69,967$60,807$30,620
14 years$96,672$83,669$72,189$62,109$53,303$25,173
15 years$89,296$76,434$65,177$55,390$46,933$20,761
16 years$82,848$70,126$59,092$49,596$41,479$17,165
17 years$77,165$64,584$53,772$44,561$36,778$14,222
18 years$72,119$59,678$49,087$40,159$32,702$11,803
19 years$67,609$55,309$44,936$36,287$29,148$9,809
20 years$63,555$51,396$41,240$32,865$26,035$8,162
21 years$59,893$47,873$37,933$29,827$23,299$6,798
22 years$56,567$44,688$34,961$27,119$20,884$5,666
23 years$53,535$41,796$32,281$24,698$18,747$4,726
24 years$50,760$39,160$29,854$22,526$16,850$3,944
25 years$48,211$36,750$27,651$20,572$15,162$3,293
26 years$45,862$34,539$25,645$18,810$13,658$2,750
27 years$43,691$32,505$23,813$17,217$12,314$2,298
28 years$41,678$30,629$22,138$15,775$11,111$1,920
29 years$39,808$28,895$20,601$14,466$10,033$1,605
30 years$38,065$27,288$19,189$13,276$9,065$1,342
31 years$36,438$25,797$17,889$12,193$8,196$1,122
32 years$34,916$24,409$16,691$11,206$7,414$938
33 years$33,489$23,116$15,585$10,305$6,709$785
34 years$32,149$21,908$14,561$9,481$6,075$656
35 years$30,888$20,780$13,614$8,728$5,502$549
36 years$29,700$19,723$12,735$8,038$4,985$459
37 years$28,579$18,732$11,920$7,406$4,518$384
38 years$27,519$17,802$11,163$6,826$4,096$322
39 years$26,516$16,928$10,458$6,294$3,714$269
40 years$25,566$16,106$9,802$5,806$3,369$225
41 years$24,664$15,331$9,192$5,356$3,057$188
42 years$23,808$14,601$8,622$4,943$2,774$158
43 years$22,993$13,912$8,091$4,563$2,517$132
44 years$22,218$13,261$7,594$4,213$2,285$110
45 years$21,480$12,645$7,131$3,891$2,074$92
46 years$20,775$12,063$6,698$3,594$1,883$77
47 years$20,103$11,512$6,292$3,321$1,710$65
48 years$19,460$10,990$5,913$3,068$1,553$54
49 years$18,846$10,495$5,558$2,836$1,410$45
50 years$18,258$10,025$5,225$2,621$1,281$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $18,700,000, adding $3,250 every year, while hoping to spend $31,169 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: 57/35/8 Blend
56$18,700,000$18,700,000$18,700,000$18,700,000
57$20,610,752$19,619,652$19,329,802$21,747,720
58$22,679,886$20,547,852$19,944,187$23,441,858
59$24,959,026$21,520,488$20,578,109$25,283,075
60$27,469,560$22,539,706$21,232,190$27,288,412
61$30,235,058$23,607,755$21,907,071$29,473,551
62$33,281,490$24,726,991$22,603,414$31,855,728
63$36,637,476$25,899,887$23,321,902$34,453,882
64$40,334,552$27,129,035$24,063,240$37,288,834
65$44,407,472$28,417,153$24,828,154$40,383,472
66$48,894,532$29,767,091$25,617,394$43,762,959
67$53,837,932$31,181,837$26,431,735$47,454,965
68$59,284,179$32,664,525$27,271,976$51,489,918
69$65,284,519$34,218,440$28,138,940$55,901,282
70$71,895,423$35,847,027$29,033,479$60,725,867
71$79,179,124$37,553,899$29,956,468$66,004,160
72$87,204,200$39,342,845$30,908,815$71,780,704
73$96,046,220$41,217,836$31,891,452$78,104,504
74$105,788,463$43,183,039$32,905,344$85,029,479
75$116,522,699$45,242,821$33,951,486$92,614,959
76$128,350,057$47,401,762$35,030,903$100,926,236
77$141,381,980$49,664,665$36,144,656$110,035,160
78$155,741,276$52,036,568$37,293,836$120,020,813
79$171,563,277$54,522,751$38,479,571$130,970,236
80$188,997,120$57,128,754$39,703,024$142,979,234
81$208,207,147$59,860,383$40,965,396$156,153,273
82$229,374,465$62,723,731$42,267,926$170,608,450
83$252,698,651$65,725,184$43,611,892$186,472,578
84$278,399,635$68,871,440$44,998,612$203,886,373
85$306,719,779$72,169,523$46,429,448$223,004,763
86$337,926,166$75,626,798$47,905,803$243,998,334
87$372,313,113$79,250,990$49,429,126$267,054,916
88$410,204,962$83,050,200$51,000,913$292,381,338
89$451,959,131$87,032,922$52,622,706$320,205,354
90$497,969,492$91,208,065$54,296,097$350,777,775
91$548,670,092$95,584,972$56,022,728$384,374,809
92$604,539,246$100,173,441$57,804,294$421,300,642
93$666,104,056$104,983,746$59,642,544$461,890,285
94$733,945,382$110,026,662$61,539,282$506,512,707
95$808,703,334$115,313,491$63,496,371$555,574,286
96$891,083,305$120,856,083$65,515,730$609,522,622
97$981,862,639$126,666,868$67,599,344$668,850,720
98$1,081,897,963$132,758,880$69,749,257$734,101,618
99$1,192,133,279$139,145,788$71,967,580$805,873,475
100$1,313,608,871$145,841,929$74,256,492$884,825,180