Can I retire at age 57 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,527,312
2 years$797,174$782,328$767,939$753,988$740,456$712,698
3 years$526,170$511,260$496,907$483,087$469,776$442,770
4 years$390,695$375,830$361,621$348,037$335,048$309,002
5 years$309,431$294,655$280,633$267,326$254,698$229,687
6 years$255,273$240,608$226,793$213,783$201,534$177,586
7 years$216,603$202,062$188,466$175,763$163,901$141,023
8 years$187,615$173,205$159,834$147,443$135,972$114,157
9 years$165,080$150,806$137,665$125,589$114,508$93,745
10 years$147,062$132,928$120,020$108,259$97,566$77,837
11 years$132,330$118,338$105,663$94,217$83,910$65,192
12 years$120,063$106,214$93,774$82,641$72,715$54,983
13 years$109,690$95,986$83,780$72,960$63,409$46,635
14 years$100,807$87,249$75,277$64,766$55,584$39,739
15 years$93,116$79,703$67,965$57,760$48,940$33,993
16 years$86,392$73,126$61,620$51,717$43,254$29,172
17 years$80,466$67,347$56,072$46,468$38,352$25,103
18 years$75,204$62,231$51,187$41,877$34,101$21,651
19 years$70,501$57,675$46,859$37,839$30,395$18,710
20 years$66,274$53,595$43,005$34,271$27,149$16,196
21 years$62,455$49,921$39,556$31,103$24,295$14,039
22 years$58,987$46,600$36,457$28,280$21,777$12,185
23 years$55,826$43,584$33,662$25,755$19,549$10,587
24 years$52,932$40,835$31,131$23,490$17,571$9,206
25 years$50,274$38,322$28,834$21,452$15,811$8,012
26 years$47,824$36,016$26,742$19,615$14,242$6,978
27 years$45,560$33,896$24,832$17,954$12,840$6,081
28 years$43,461$31,940$23,085$16,450$11,586$5,301
29 years$41,511$30,131$21,482$15,085$10,462$4,624
30 years$39,694$28,456$20,010$13,844$9,453$4,035
31 years$37,997$26,900$18,655$12,715$8,546$3,522
32 years$36,410$25,453$17,405$11,685$7,731$3,075
33 years$34,922$24,105$16,251$10,745$6,996$2,686
34 years$33,524$22,846$15,184$9,887$6,334$2,346
35 years$32,209$21,669$14,196$9,101$5,737$2,050
36 years$30,971$20,567$13,280$8,382$5,198$1,791
37 years$29,801$19,534$12,430$7,723$4,711$1,566
38 years$28,696$18,564$11,640$7,118$4,271$1,368
39 years$27,651$17,653$10,906$6,564$3,873$1,196
40 years$26,660$16,795$10,222$6,054$3,513$1,046
41 years$25,719$15,987$9,585$5,585$3,187$914
42 years$24,826$15,226$8,991$5,155$2,892$800
43 years$23,977$14,507$8,437$4,758$2,625$699
44 years$23,169$13,828$7,919$4,394$2,383$612
45 years$22,399$13,186$7,436$4,058$2,163$535
46 years$21,664$12,579$6,984$3,748$1,964$468
47 years$20,963$12,005$6,561$3,463$1,783$409
48 years$20,293$11,460$6,166$3,200$1,619$358
49 years$19,652$10,944$5,796$2,957$1,471$313
50 years$19,039$10,454$5,449$2,733$1,336$274

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $19,500,000, adding $3,651 every year, while hoping to spend $50,698 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: 44/39/17 Blend
56$19,500,000$19,500,000$19,500,000$19,500,000
57$21,492,766$20,459,266$20,157,016$22,332,727
58$23,631,086$21,407,828$20,778,334$23,870,806
59$25,985,815$22,401,170$21,418,766$25,531,592
60$28,578,974$23,441,433$22,078,901$27,330,650
61$31,434,827$24,530,861$22,759,342$29,280,768
62$34,580,113$25,671,806$23,460,713$31,395,983
63$38,044,294$26,866,734$24,183,656$33,691,704
64$41,859,837$28,118,230$24,928,834$36,184,846
65$46,062,519$29,429,001$25,696,929$38,893,985
66$50,691,763$30,801,890$26,488,643$41,839,523
67$55,791,013$32,239,872$27,304,702$45,043,869
68$61,408,139$33,746,069$28,145,853$48,531,645
69$67,595,896$35,323,753$29,012,866$52,329,901
70$74,412,414$36,976,353$29,906,533$56,468,369
71$81,921,751$38,707,466$30,827,673$60,979,724
72$90,194,498$40,520,859$31,777,128$65,899,882
73$99,308,442$42,420,487$32,755,767$71,268,332
74$109,349,302$44,410,490$33,764,484$77,128,490
75$120,411,539$46,495,212$34,804,203$83,528,096
76$132,599,246$48,679,207$35,875,873$90,519,654
77$146,027,129$50,967,248$36,980,475$98,160,906
78$160,821,593$53,364,341$38,119,018$106,515,370
79$177,121,933$55,875,731$39,292,543$115,652,916
80$195,081,648$58,506,920$40,502,121$125,650,413
81$214,869,893$61,263,676$41,748,859$136,592,433
82$236,673,071$64,152,045$43,033,895$148,572,035
83$260,696,597$67,178,367$44,358,403$161,691,619
84$287,166,832$70,349,290$45,723,592$176,063,877
85$316,333,226$73,671,782$47,130,709$191,812,832
86$348,470,666$77,153,150$48,581,039$209,074,986
87$383,882,076$80,801,057$50,075,906$228,000,588
88$422,901,273$84,623,534$51,616,674$248,755,026
89$465,896,120$88,629,004$53,204,749$271,520,362
90$513,271,997$92,826,297$54,841,581$296,497,025
91$565,475,629$97,224,674$56,528,662$323,905,673
92$622,999,303$101,833,843$58,267,532$353,989,250
93$686,385,515$106,663,984$60,059,777$387,015,243
94$756,232,088$111,725,771$61,907,031$423,278,182
95$833,197,823$117,030,396$63,810,978$463,102,378
96$918,008,710$122,589,594$65,773,355$506,844,957
97$1,011,464,786$128,415,671$67,795,950$554,899,190
98$1,114,447,685$134,521,530$69,880,605$607,698,167
99$1,227,928,966$140,920,702$72,029,222$665,718,846
100$1,352,979,277$147,627,373$74,243,758$729,486,512