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%17.1%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,463,561
2 years$772,646$758,256$744,310$730,788$717,673$674,142
3 years$509,981$495,529$481,618$468,223$455,321$413,174
4 years$378,674$364,266$350,494$337,328$324,739$284,299
5 years$299,910$285,589$271,998$259,101$246,861$208,239
6 years$247,418$233,205$219,815$207,205$195,333$158,564
7 years$209,939$195,845$182,667$170,354$158,858$123,942
8 years$181,842$167,875$154,916$142,906$131,788$98,705
9 years$160,000$146,166$133,429$121,724$110,985$79,701
10 years$142,537$128,838$116,327$104,928$94,564$65,038
11 years$128,259$114,697$102,412$91,318$81,329$53,510
12 years$116,368$102,946$90,888$80,099$70,478$44,312
13 years$106,315$93,033$81,203$70,715$61,458$36,887
14 years$97,706$84,564$72,961$62,773$53,874$30,837
15 years$90,251$77,251$65,874$55,982$47,435$25,869
16 years$83,734$70,876$59,724$50,126$41,923$21,763
17 years$77,990$65,274$54,347$45,038$37,172$18,352
18 years$72,890$60,317$49,612$40,588$33,051$15,506
19 years$68,332$55,901$45,417$36,675$29,459$13,123
20 years$64,235$51,946$41,681$33,216$26,314$11,121
21 years$60,533$48,385$38,339$30,146$23,548$9,436
22 years$57,172$45,166$35,335$27,409$21,107$8,014
23 years$54,108$42,243$32,626$24,962$18,947$6,812
24 years$51,303$39,579$30,173$22,767$17,030$5,794
25 years$48,727$37,143$27,947$20,792$15,324$4,931
26 years$46,353$34,908$25,919$19,011$13,804$4,199
27 years$44,158$32,853$24,068$17,402$12,445$3,577
28 years$42,124$30,957$22,374$15,944$11,230$3,048
29 years$40,233$29,204$20,821$14,621$10,140$2,599
30 years$38,472$27,580$19,394$13,418$9,162$2,216
31 years$36,828$26,073$18,081$12,323$8,283$1,890
32 years$35,289$24,670$16,870$11,326$7,493$1,612
33 years$33,847$23,363$15,751$10,415$6,781$1,375
34 years$32,493$22,143$14,717$9,582$6,140$1,174
35 years$31,218$21,002$13,759$8,821$5,561$1,001
36 years$30,018$19,934$12,872$8,124$5,038$855
37 years$28,884$18,933$12,048$7,485$4,566$730
38 years$27,813$17,993$11,282$6,899$4,140$623
39 years$26,800$17,109$10,570$6,362$3,754$532
40 years$25,839$16,278$9,907$5,868$3,405$454
41 years$24,928$15,495$9,290$5,414$3,089$387
42 years$24,062$14,757$8,714$4,996$2,803$331
43 years$23,239$14,061$8,177$4,612$2,544$282
44 years$22,456$13,403$7,676$4,258$2,309$241
45 years$21,709$12,781$7,207$3,933$2,096$206
46 years$20,997$12,192$6,769$3,633$1,903$176
47 years$20,318$11,635$6,360$3,356$1,728$150
48 years$19,668$11,107$5,976$3,101$1,570$128
49 years$19,047$10,607$5,617$2,866$1,426$109
50 years$18,453$10,132$5,281$2,649$1,295$93

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 $4,781 every year, while hoping to spend $35,556 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: 46/48/6 Blend
56$18,900,000$18,900,000$18,900,000$18,900,000
57$20,832,732$19,831,032$19,538,082$21,757,048
58$22,919,839$20,764,921$20,154,776$23,326,616
59$25,218,639$21,743,379$20,790,938$25,024,132
60$27,750,689$22,768,552$21,447,182$26,864,657
61$30,539,739$23,842,691$22,124,143$28,861,402
62$33,611,964$24,968,155$22,822,473$31,028,867
63$36,996,207$26,147,418$23,542,849$33,382,958
64$40,724,251$27,383,072$24,285,966$35,941,136
65$44,831,121$28,677,839$25,052,542$38,722,571
66$49,355,411$30,034,568$25,843,317$41,748,307
67$54,339,650$31,456,250$26,659,056$45,041,458
68$59,830,707$32,946,019$27,500,547$48,627,408
69$65,880,227$34,507,161$28,368,603$52,534,043
70$72,545,122$36,143,123$29,264,063$56,792,000
71$79,888,106$37,857,519$30,187,791$61,434,944
72$87,978,292$39,654,136$31,140,681$66,499,871
73$96,891,837$41,536,948$32,123,653$72,027,447
74$106,712,667$43,510,120$33,137,657$78,062,369
75$117,533,263$45,578,021$34,183,673$84,653,780
76$129,455,541$47,745,229$35,262,712$91,855,711
77$142,591,809$50,016,548$36,375,815$99,727,577
78$157,065,828$52,397,014$37,524,060$108,334,717
79$173,013,981$54,891,906$38,708,554$117,748,994
80$190,586,560$57,506,762$39,930,444$128,049,454
81$209,949,185$60,247,389$41,190,909$139,323,048
82$231,284,365$63,119,874$42,491,168$151,665,436
83$254,793,225$66,130,603$43,832,477$165,181,866
84$280,697,401$69,286,270$45,216,132$179,988,140
85$309,241,134$72,593,895$46,643,470$196,211,688
86$340,693,575$76,060,841$48,115,872$213,992,739
87$375,351,325$79,694,827$49,634,759$233,485,622
88$413,541,236$83,503,950$51,201,599$254,860,193
89$455,623,496$87,496,697$52,817,906$278,303,407
90$501,995,030$91,681,973$54,485,244$304,021,052
91$553,093,245$96,069,112$56,205,222$332,239,660
92$609,400,162$100,667,905$57,979,503$363,208,610
93$671,446,964$105,488,617$59,809,802$397,202,445
94$739,819,012$110,542,017$61,697,887$434,523,427
95$815,161,368$115,839,393$63,645,583$475,504,349
96$898,184,891$121,392,586$65,654,774$520,511,639
97$989,672,940$127,214,013$67,727,399$569,948,770
98$1,090,488,776$133,316,696$69,865,463$624,260,027
99$1,201,583,707$139,714,290$72,071,032$683,934,652
100$1,324,006,071$146,421,116$74,346,237$749,511,411