Can I retire at age 57 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,457,702
2 years$772,646$758,256$744,310$730,788$717,673$668,364
3 years$509,981$495,529$481,618$468,223$455,321$407,662
4 years$378,674$364,266$350,494$337,328$324,739$279,094
5 years$299,910$285,589$271,998$259,101$246,861$203,353
6 years$247,418$233,205$219,815$207,205$195,333$153,997
7 years$209,939$195,845$182,667$170,354$158,858$119,689
8 years$181,842$167,875$154,916$142,906$131,788$94,757
9 years$160,000$146,166$133,429$121,724$110,985$76,049
10 years$142,537$128,838$116,327$104,928$94,564$61,669
11 years$128,259$114,697$102,412$91,318$81,329$50,412
12 years$116,368$102,946$90,888$80,099$70,478$41,472
13 years$106,315$93,033$81,203$70,715$61,458$34,290
14 years$97,706$84,564$72,961$62,773$53,874$28,467
15 years$90,251$77,251$65,874$55,982$47,435$23,712
16 years$83,734$70,876$59,724$50,126$41,923$19,805
17 years$77,990$65,274$54,347$45,038$37,172$16,579
18 years$72,890$60,317$49,612$40,588$33,051$13,904
19 years$68,332$55,901$45,417$36,675$29,459$11,679
20 years$64,235$51,946$41,681$33,216$26,314$9,823
21 years$60,533$48,385$38,339$30,146$23,548$8,270
22 years$57,172$45,166$35,335$27,409$21,107$6,969
23 years$54,108$42,243$32,626$24,962$18,947$5,877
24 years$51,303$39,579$30,173$22,767$17,030$4,959
25 years$48,727$37,143$27,947$20,792$15,324$4,187
26 years$46,353$34,908$25,919$19,011$13,804$3,537
27 years$44,158$32,853$24,068$17,402$12,445$2,989
28 years$42,124$30,957$22,374$15,944$11,230$2,526
29 years$40,233$29,204$20,821$14,621$10,140$2,136
30 years$38,472$27,580$19,394$13,418$9,162$1,806
31 years$36,828$26,073$18,081$12,323$8,283$1,528
32 years$35,289$24,670$16,870$11,326$7,493$1,293
33 years$33,847$23,363$15,751$10,415$6,781$1,094
34 years$32,493$22,143$14,717$9,582$6,140$925
35 years$31,218$21,002$13,759$8,821$5,561$783
36 years$30,018$19,934$12,872$8,124$5,038$663
37 years$28,884$18,933$12,048$7,485$4,566$561
38 years$27,813$17,993$11,282$6,899$4,140$475
39 years$26,800$17,109$10,570$6,362$3,754$402
40 years$25,839$16,278$9,907$5,868$3,405$340
41 years$24,928$15,495$9,290$5,414$3,089$288
42 years$24,062$14,757$8,714$4,996$2,803$244
43 years$23,239$14,061$8,177$4,612$2,544$207
44 years$22,456$13,403$7,676$4,258$2,309$175
45 years$21,709$12,781$7,207$3,933$2,096$148
46 years$20,997$12,192$6,769$3,633$1,903$125
47 years$20,318$11,635$6,360$3,356$1,728$106
48 years$19,668$11,107$5,976$3,101$1,570$90
49 years$19,047$10,607$5,617$2,866$1,426$76
50 years$18,453$10,132$5,281$2,649$1,295$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $18,900,000, adding $3,792 every year, while hoping to spend $51,705 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: 48/31/21 Blend
56$18,900,000$18,900,000$18,900,000$18,900,000
57$20,831,711$19,830,011$19,537,061$21,707,611
58$22,901,532$20,746,668$20,136,539$23,234,854
59$25,180,742$21,706,508$20,754,367$24,886,808
60$27,690,643$22,711,593$21,391,104$26,679,611
61$30,454,711$23,764,083$22,047,328$28,626,506
62$33,498,812$24,866,243$22,723,633$30,742,042
63$36,851,449$26,020,448$23,420,633$33,042,202
64$40,544,031$27,229,184$24,138,959$35,544,545
65$44,611,170$28,495,061$24,879,262$38,268,370
66$49,091,003$29,820,814$25,642,211$41,234,884
67$54,025,559$31,209,307$26,428,498$44,467,400
68$59,461,148$32,663,545$27,238,836$47,991,548
69$65,448,805$34,186,678$28,073,956$51,835,505
70$72,044,765$35,782,007$28,934,615$56,030,256
71$79,310,998$37,452,993$29,821,592$60,609,875
72$87,315,794$39,203,264$30,735,690$65,611,838
73$96,134,404$41,036,623$31,677,734$71,077,367
74$105,849,752$42,957,057$32,648,578$77,051,807
75$116,553,220$44,968,746$33,649,098$83,585,045
76$128,345,506$47,076,071$34,680,200$90,731,968
77$141,337,576$49,283,628$35,742,816$98,552,969
78$155,651,714$51,596,230$36,837,905$107,114,505
79$171,422,671$54,018,928$37,966,457$116,489,712
80$188,798,942$56,557,014$39,129,492$126,759,081
81$207,944,164$59,216,037$40,328,060$138,011,201
82$229,038,662$62,001,817$41,563,243$150,343,584
83$252,281,152$64,920,452$42,836,158$163,863,568
84$277,890,612$67,978,337$44,147,952$178,689,315
85$306,108,356$71,182,177$45,499,810$194,950,907
86$337,200,306$74,539,001$46,892,951$212,791,556
87$371,459,506$78,056,181$48,328,634$232,368,941
88$409,208,884$81,741,442$49,808,151$253,856,672
89$450,804,304$85,602,887$51,332,839$277,445,913
90$496,637,925$89,649,010$52,904,071$303,347,159
91$547,141,900$93,888,719$54,523,264$331,792,207
92$602,792,459$98,331,350$56,191,878$363,036,316
93$664,114,400$102,986,697$57,911,416$397,360,596
94$731,686,047$107,865,024$59,683,427$435,074,632
95$806,144,711$112,977,097$61,509,509$476,519,382
96$888,192,698$118,334,201$63,391,304$522,070,366
97$978,603,949$123,948,173$65,330,509$572,141,185
98$1,078,231,339$129,831,420$67,328,868$627,187,390
99$1,188,014,731$135,996,955$69,388,180$687,710,752
100$1,308,989,848$142,458,421$71,510,299$754,263,968