Can I retire at age 57 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,524,206
2 years$788,998$774,304$760,063$746,255$732,861$717,949
3 years$520,774$506,016$491,811$478,133$464,957$450,398
4 years$386,688$371,975$357,912$344,468$331,612$317,518
5 years$306,257$291,633$277,755$264,584$252,086$238,499
6 years$252,655$238,140$224,467$211,590$199,467$186,404
7 years$214,382$199,990$186,533$173,960$162,220$149,686
8 years$185,691$171,428$158,195$145,931$134,577$122,573
9 years$163,387$149,259$136,253$124,301$113,333$101,854
10 years$145,554$131,565$118,789$107,148$96,566$85,604
11 years$130,973$117,124$104,580$93,251$83,050$72,597
12 years$118,831$105,124$92,812$81,794$71,969$62,016
13 years$108,565$95,002$82,921$72,212$62,759$53,292
14 years$99,774$86,354$74,505$64,101$55,014$46,022
15 years$92,161$78,886$67,268$57,167$48,438$39,909
16 years$85,506$72,376$60,988$51,187$42,810$34,728
17 years$79,641$66,656$55,497$45,991$37,958$30,309
18 years$74,433$61,593$50,662$41,447$33,751$26,520
19 years$69,778$57,084$46,378$37,451$30,083$23,255
20 years$65,595$53,045$42,564$33,919$26,871$20,430
21 years$61,814$49,409$39,150$30,784$24,046$17,978
22 years$58,382$46,122$36,083$27,990$21,554$15,843
23 years$55,253$43,137$33,316$25,491$19,348$13,978
24 years$52,389$40,416$30,812$23,249$17,390$12,346
25 years$49,758$37,929$28,538$21,232$15,649$10,915
26 years$47,334$35,647$26,468$19,414$14,096$9,658
27 years$45,093$33,548$24,578$17,770$12,709$8,552
28 years$43,015$31,612$22,848$16,281$11,467$7,577
29 years$41,085$29,822$21,262$14,930$10,355$6,718
30 years$39,286$28,164$19,805$13,702$9,356$5,959
31 years$37,607$26,624$18,463$12,584$8,459$5,288
32 years$36,036$25,192$17,227$11,565$7,652$4,694
33 years$34,563$23,857$16,085$10,635$6,925$4,168
34 years$33,180$22,611$15,029$9,785$6,269$3,703
35 years$31,879$21,446$14,051$9,008$5,678$3,290
36 years$30,653$20,356$13,144$8,296$5,145$2,924
37 years$29,496$19,333$12,303$7,644$4,663$2,599
38 years$28,402$18,374$11,521$7,045$4,228$2,311
39 years$27,367$17,471$10,794$6,496$3,834$2,055
40 years$26,386$16,623$10,117$5,992$3,477$1,828
41 years$25,456$15,823$9,487$5,528$3,155$1,626
42 years$24,572$15,070$8,899$5,102$2,863$1,447
43 years$23,731$14,358$8,350$4,710$2,598$1,287
44 years$22,931$13,686$7,838$4,349$2,358$1,145
45 years$22,169$13,051$7,360$4,016$2,141$1,019
46 years$21,442$12,450$6,912$3,710$1,944$907
47 years$20,748$11,881$6,494$3,427$1,765$807
48 years$20,085$11,342$6,103$3,167$1,603$718
49 years$19,450$10,831$5,736$2,927$1,456$639
50 years$18,844$10,347$5,393$2,705$1,322$569

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $19,300,000, adding $5,234 every year, while hoping to spend $52,120 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: 57/16/27 Blend
56$19,300,000$19,300,000$19,300,000$19,300,000
57$21,273,999$20,251,099$19,951,949$22,329,081
58$23,388,491$21,187,947$20,564,884$23,990,121
59$25,716,915$22,168,955$21,196,605$25,793,759
60$28,281,037$23,196,230$21,847,688$27,758,620
61$31,104,840$24,271,982$22,518,723$29,900,307
62$34,214,754$25,398,530$23,210,320$32,235,979
63$37,639,902$26,578,300$23,923,108$34,784,512
64$41,412,374$27,813,840$24,657,735$37,566,673
65$45,567,535$29,107,816$25,414,868$40,605,309
66$50,144,352$30,463,028$26,195,195$43,925,558
67$55,185,765$31,882,406$26,999,423$47,555,084
68$60,739,094$33,369,024$27,828,284$51,524,328
69$66,856,480$34,926,104$28,682,530$55,866,795
70$73,595,382$36,557,024$29,562,936$60,619,360
71$81,019,117$38,265,325$30,470,301$65,822,612
72$89,197,460$40,054,719$31,405,448$71,521,232
73$98,207,296$41,929,096$32,369,227$77,764,406
74$108,133,355$43,892,536$33,362,510$84,606,284
75$119,069,002$45,949,315$34,386,199$92,106,482
76$131,117,126$48,103,917$35,441,222$100,330,640
77$144,391,105$50,361,041$36,528,536$109,351,031
78$159,015,882$52,725,616$37,649,125$119,247,240
79$175,129,137$55,202,807$38,804,006$130,106,899
80$192,882,594$57,798,029$39,994,226$142,026,514
81$212,443,448$60,516,962$41,220,861$155,112,360
82$233,995,943$63,365,557$42,485,024$169,481,479
83$257,743,116$66,350,056$43,787,859$185,262,772
84$283,908,708$69,477,003$45,130,547$202,598,208
85$312,739,278$72,753,257$46,514,301$221,644,152
86$344,506,530$76,186,013$47,940,376$242,572,829
87$379,509,879$79,782,810$49,410,061$265,573,940
88$418,079,275$83,551,557$50,924,687$290,856,438
89$460,578,321$87,500,542$52,485,624$318,650,490
90$507,407,700$91,638,460$54,094,283$349,209,636
91$559,008,964$95,974,422$55,752,120$382,813,166
92$615,868,695$100,517,986$57,460,633$419,768,746
93$678,523,105$105,279,170$59,221,367$460,415,304
94$747,563,092$110,268,480$61,035,913$505,126,215
95$823,639,823$115,496,931$62,905,911$554,312,810
96$907,470,877$120,976,073$64,833,052$608,428,239
97$999,847,022$126,718,016$66,819,074$667,971,735
98$1,101,639,678$132,735,459$68,865,774$733,493,302
99$1,213,809,146$139,041,717$70,974,997$805,598,895
100$1,337,413,669$145,650,751$73,148,650$884,956,115