Can I retire at age 57 with 19,400,000?

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 $19,400,000?

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$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,502,280
2 years$793,086$778,316$764,001$750,121$736,659$691,976
3 years$523,472$508,638$494,359$480,610$467,367$424,104
4 years$388,691$373,903$359,767$346,252$333,330$291,820
5 years$307,844$293,144$279,194$265,955$253,392$213,748
6 years$253,964$239,374$225,630$212,686$200,500$162,759
7 years$215,493$201,026$187,500$174,861$163,061$127,221
8 years$186,653$172,317$159,015$146,687$135,274$101,316
9 years$164,233$150,033$136,959$124,945$113,921$81,809
10 years$146,308$132,246$119,404$107,703$97,066$66,758
11 years$131,652$117,731$105,121$93,734$83,480$54,925
12 years$119,447$105,669$93,293$82,218$72,342$45,484
13 years$109,128$95,494$83,351$72,586$63,084$37,863
14 years$100,290$86,801$74,891$64,434$55,299$31,653
15 years$92,638$79,295$67,617$57,463$48,689$26,553
16 years$85,949$72,751$61,304$51,452$43,032$22,338
17 years$80,053$67,001$55,784$46,229$38,155$18,837
18 years$74,818$61,912$50,924$41,662$33,926$15,916
19 years$70,140$57,380$46,619$37,645$30,239$13,470
20 years$65,934$53,320$42,784$34,095$27,010$11,415
21 years$62,135$49,665$39,353$30,943$24,171$9,686
22 years$58,685$46,361$36,270$28,135$21,666$8,226
23 years$55,539$43,360$33,489$25,623$19,448$6,992
24 years$52,661$40,626$30,972$23,369$17,481$5,947
25 years$50,016$38,125$28,686$21,342$15,730$5,062
26 years$47,579$35,832$26,605$19,514$14,169$4,310
27 years$45,326$33,722$24,705$17,862$12,774$3,672
28 years$43,238$31,776$22,966$16,365$11,527$3,129
29 years$41,298$29,977$21,372$15,007$10,408$2,667
30 years$39,490$28,310$19,907$13,773$9,404$2,274
31 years$37,802$26,762$18,559$12,649$8,503$1,940
32 years$36,223$25,323$17,316$11,625$7,691$1,655
33 years$34,743$23,981$16,168$10,690$6,961$1,412
34 years$33,352$22,728$15,106$9,836$6,302$1,205
35 years$32,044$21,558$14,123$9,055$5,708$1,028
36 years$30,812$20,461$13,212$8,339$5,172$877
37 years$29,648$19,434$12,366$7,683$4,687$749
38 years$28,549$18,469$11,581$7,082$4,249$639
39 years$27,509$17,562$10,850$6,530$3,854$546
40 years$26,523$16,709$10,169$6,023$3,495$466
41 years$25,587$15,905$9,536$5,557$3,171$398
42 years$24,699$15,148$8,945$5,128$2,877$340
43 years$23,854$14,433$8,393$4,734$2,611$290
44 years$23,050$13,757$7,879$4,371$2,370$248
45 years$22,284$13,119$7,398$4,037$2,152$211
46 years$21,553$12,515$6,948$3,729$1,954$180
47 years$20,855$11,943$6,528$3,445$1,774$154
48 years$20,189$11,401$6,134$3,183$1,611$132
49 years$19,551$10,887$5,766$2,942$1,463$112
50 years$18,941$10,400$5,421$2,719$1,329$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $19,400,000, adding $4,114 every year, while hoping to spend $29,453 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: 58/25/17 Blend
56$19,400,000$19,400,000$19,400,000$19,400,000
57$21,383,044$20,354,844$20,054,144$22,528,329
58$23,532,776$21,320,893$20,694,620$24,270,971
59$25,900,795$22,333,292$21,355,564$26,166,216
60$28,509,332$23,394,280$22,037,633$28,231,648
61$31,382,891$24,506,206$22,741,500$30,483,661
62$34,548,469$25,671,534$23,467,863$32,940,281
63$38,035,818$26,892,845$24,217,442$35,621,327
64$41,877,725$28,172,847$24,990,980$38,548,596
65$46,110,317$29,514,380$25,789,241$41,746,059
66$50,773,406$30,920,422$26,613,018$45,240,082
67$55,910,866$32,394,095$27,463,127$49,059,669
68$61,571,042$33,938,673$28,340,409$53,236,727
69$67,807,209$35,557,589$29,245,734$57,806,362
70$74,678,077$37,254,444$30,179,999$62,807,198
71$82,248,342$39,033,012$31,144,129$68,281,741
72$90,589,296$40,897,253$32,139,081$74,276,765
73$99,779,503$42,851,318$33,165,839$80,843,745
74$109,905,540$44,899,560$34,225,422$88,039,339
75$121,062,811$47,046,544$35,318,880$95,925,907
76$133,356,451$49,297,059$36,447,296$104,572,093
77$146,902,318$51,656,123$37,611,789$114,053,463
78$161,828,083$54,129,002$38,813,513$124,453,202
79$178,274,441$56,721,216$40,053,659$135,862,893
80$196,396,434$59,438,556$41,333,456$148,383,368
81$216,364,918$62,287,092$42,654,174$162,125,647
82$238,368,172$65,273,193$44,017,122$177,211,970
83$262,613,680$68,403,534$45,423,650$193,776,941
84$289,330,086$71,685,118$46,875,153$211,968,782
85$318,769,356$75,125,289$48,373,071$231,950,717
86$351,209,149$78,731,748$49,918,889$253,902,498
87$386,955,450$82,512,571$51,514,139$278,022,083
88$426,345,446$86,476,227$53,160,403$304,527,490
89$469,750,720$90,631,600$54,859,314$333,658,834
90$517,580,749$94,988,004$56,612,557$365,680,578
91$570,286,778$99,555,209$58,421,870$400,884,005
92$628,366,075$104,343,460$60,289,049$439,589,953
93$692,366,627$109,363,502$62,215,944$482,151,816
94$762,892,312$114,626,603$64,204,468$528,958,860
95$840,608,602$120,144,581$66,256,592$580,439,875
96$926,248,844$125,929,830$68,374,352$637,067,193
97$1,020,621,183$131,995,348$70,559,850$699,361,128
98$1,124,616,192$138,354,768$72,815,253$767,894,853
99$1,239,215,278$145,022,387$75,142,798$843,299,790
100$1,365,499,951$152,013,198$77,544,796$926,271,532