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%15.8%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,517,983
2 years$797,174$782,328$767,939$753,988$740,456$703,421
3 years$526,170$511,260$496,907$483,087$469,776$433,838
4 years$390,695$375,830$361,621$348,037$335,048$300,484
5 years$309,431$294,655$280,633$267,326$254,698$221,604
6 years$255,273$240,608$226,793$213,783$201,534$169,943
7 years$216,603$202,062$188,466$175,763$163,901$133,819
8 years$187,615$173,205$159,834$147,443$135,972$107,385
9 years$165,080$150,806$137,665$125,589$114,508$87,394
10 years$147,062$132,928$120,020$108,259$97,566$71,896
11 years$132,330$118,338$105,663$94,217$83,910$59,647
12 years$120,063$106,214$93,774$82,641$72,715$49,818
13 years$109,690$95,986$83,780$72,960$63,409$41,835
14 years$100,807$87,249$75,277$64,766$55,584$35,287
15 years$93,116$79,703$67,965$57,760$48,940$29,873
16 years$86,392$73,126$61,620$51,717$43,254$25,366
17 years$80,466$67,347$56,072$46,468$38,352$21,593
18 years$75,204$62,231$51,187$41,877$34,101$18,421
19 years$70,501$57,675$46,859$37,839$30,395$15,742
20 years$66,274$53,595$43,005$34,271$27,149$13,474
21 years$62,455$49,921$39,556$31,103$24,295$11,547
22 years$58,987$46,600$36,457$28,280$21,777$9,906
23 years$55,826$43,584$33,662$25,755$19,549$8,507
24 years$52,932$40,835$31,131$23,490$17,571$7,311
25 years$50,274$38,322$28,834$21,452$15,811$6,287
26 years$47,824$36,016$26,742$19,615$14,242$5,410
27 years$45,560$33,896$24,832$17,954$12,840$4,657
28 years$43,461$31,940$23,085$16,450$11,586$4,011
29 years$41,511$30,131$21,482$15,085$10,462$3,456
30 years$39,694$28,456$20,010$13,844$9,453$2,979
31 years$37,997$26,900$18,655$12,715$8,546$2,568
32 years$36,410$25,453$17,405$11,685$7,731$2,214
33 years$34,922$24,105$16,251$10,745$6,996$1,910
34 years$33,524$22,846$15,184$9,887$6,334$1,647
35 years$32,209$21,669$14,196$9,101$5,737$1,421
36 years$30,971$20,567$13,280$8,382$5,198$1,226
37 years$29,801$19,534$12,430$7,723$4,711$1,058
38 years$28,696$18,564$11,640$7,118$4,271$913
39 years$27,651$17,653$10,906$6,564$3,873$788
40 years$26,660$16,795$10,222$6,054$3,513$680
41 years$25,719$15,987$9,585$5,585$3,187$587
42 years$24,826$15,226$8,991$5,155$2,892$507
43 years$23,977$14,507$8,437$4,758$2,625$438
44 years$23,169$13,828$7,919$4,394$2,383$378
45 years$22,399$13,186$7,436$4,058$2,163$326
46 years$21,664$12,579$6,984$3,748$1,964$282
47 years$20,963$12,005$6,561$3,463$1,783$243
48 years$20,293$11,460$6,166$3,200$1,619$210
49 years$19,652$10,944$5,796$2,957$1,471$181
50 years$19,039$10,454$5,449$2,733$1,336$157

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 $6,619 every year, while hoping to spend $43,518 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: 40/41/19 Blend
56$19,500,000$19,500,000$19,500,000$19,500,000
57$21,495,827$20,462,327$20,160,077$22,234,278
58$23,642,099$21,418,679$20,789,137$23,718,770
59$26,005,832$22,420,433$21,437,812$25,319,023
60$28,609,161$23,469,768$22,106,713$27,049,329
61$31,476,478$24,568,969$22,796,470$28,921,546
62$34,634,660$25,720,430$23,507,733$30,948,679
63$38,113,325$26,926,661$24,241,173$33,144,996
64$41,945,112$28,190,295$24,997,479$35,526,150
65$46,165,984$29,514,090$25,777,365$38,109,322
66$50,815,572$30,900,938$26,581,565$40,913,369
67$55,937,549$32,353,873$27,410,836$43,958,995
68$61,580,040$33,876,074$28,265,960$47,268,934
69$67,796,076$35,470,873$29,147,741$50,868,154
70$74,644,096$37,141,766$30,057,011$54,784,083
71$82,188,498$38,892,417$30,994,625$59,046,849
72$90,500,246$40,726,666$31,961,466$63,689,561
73$99,657,541$42,648,543$32,958,445$68,748,599
74$109,746,557$44,662,269$33,986,500$74,263,951
75$120,862,257$46,772,271$35,046,600$80,279,571
76$133,109,288$48,983,193$36,139,741$86,843,778
77$146,602,967$51,299,901$37,266,954$94,009,701
78$161,470,371$53,727,498$38,429,299$101,835,759
79$177,851,540$56,271,336$39,627,871$110,386,197
80$195,900,789$58,937,024$40,863,797$119,731,673
81$215,788,177$61,730,445$42,138,241$129,949,906
82$237,701,101$64,657,767$43,452,403$141,126,391
83$261,846,074$67,725,458$44,807,518$153,355,182
84$288,450,666$70,940,299$46,204,863$166,739,759
85$317,765,661$74,309,400$47,645,753$181,393,986
86$350,067,415$77,840,217$49,131,542$197,443,152
87$385,660,472$81,540,568$50,663,630$215,025,138
88$424,880,436$85,418,652$52,243,457$234,291,686
89$468,097,137$89,483,063$53,872,510$255,409,809
90$515,718,128$93,742,816$55,552,322$278,563,331
91$568,192,525$98,207,362$57,284,472$303,954,600
92$626,015,251$102,886,611$59,070,591$331,806,361
93$689,731,709$107,790,957$60,912,358$362,363,826
94$759,942,927$112,931,298$62,811,505$395,896,956
95$837,311,235$118,319,060$64,769,820$432,702,973
96$922,566,514$123,966,228$66,789,143$473,109,124
97$1,016,513,093$129,885,368$68,871,374$517,475,735
98$1,120,037,334$136,089,657$71,018,470$566,199,566
99$1,234,116,005$142,592,912$73,232,451$619,717,517
100$1,359,825,498$149,409,625$75,515,399$678,510,703