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%17.6%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,506,993
2 years$797,174$782,328$767,939$753,988$740,456$692,552
3 years$526,170$511,260$496,907$483,087$469,776$423,434
4 years$390,695$375,830$361,621$348,037$335,048$290,625
5 years$309,431$294,655$280,633$267,326$254,698$212,313
6 years$255,273$240,608$226,793$213,783$201,534$161,224
7 years$216,603$202,062$188,466$175,763$163,901$125,663
8 years$187,615$173,205$159,834$147,443$135,972$99,781
9 years$165,080$150,806$137,665$125,589$114,508$80,325
10 years$147,062$132,928$120,020$108,259$97,566$65,342
11 years$132,330$118,338$105,663$94,217$83,910$53,587
12 years$120,063$106,214$93,774$82,641$72,715$44,230
13 years$109,690$95,986$83,780$72,960$63,409$36,695
14 years$100,807$87,249$75,277$64,766$55,584$30,570
15 years$93,116$79,703$67,965$57,760$48,940$25,554
16 years$86,392$73,126$61,620$51,717$43,254$21,421
17 years$80,466$67,347$56,072$46,468$38,352$17,997
18 years$75,204$62,231$51,187$41,877$34,101$15,150
19 years$70,501$57,675$46,859$37,839$30,395$12,774
20 years$66,274$53,595$43,005$34,271$27,149$10,784
21 years$62,455$49,921$39,556$31,103$24,295$9,115
22 years$58,987$46,600$36,457$28,280$21,777$7,711
23 years$55,826$43,584$33,662$25,755$19,549$6,529
24 years$52,932$40,835$31,131$23,490$17,571$5,531
25 years$50,274$38,322$28,834$21,452$15,811$4,689
26 years$47,824$36,016$26,742$19,615$14,242$3,976
27 years$45,560$33,896$24,832$17,954$12,840$3,374
28 years$43,461$31,940$23,085$16,450$11,586$2,863
29 years$41,511$30,131$21,482$15,085$10,462$2,431
30 years$39,694$28,456$20,010$13,844$9,453$2,064
31 years$37,997$26,900$18,655$12,715$8,546$1,753
32 years$36,410$25,453$17,405$11,685$7,731$1,489
33 years$34,922$24,105$16,251$10,745$6,996$1,265
34 years$33,524$22,846$15,184$9,887$6,334$1,075
35 years$32,209$21,669$14,196$9,101$5,737$914
36 years$30,971$20,567$13,280$8,382$5,198$777
37 years$29,801$19,534$12,430$7,723$4,711$660
38 years$28,696$18,564$11,640$7,118$4,271$561
39 years$27,651$17,653$10,906$6,564$3,873$477
40 years$26,660$16,795$10,222$6,054$3,513$406
41 years$25,719$15,987$9,585$5,585$3,187$345
42 years$24,826$15,226$8,991$5,155$2,892$293
43 years$23,977$14,507$8,437$4,758$2,625$249
44 years$23,169$13,828$7,919$4,394$2,383$212
45 years$22,399$13,186$7,436$4,058$2,163$180
46 years$21,664$12,579$6,984$3,748$1,964$153
47 years$20,963$12,005$6,561$3,463$1,783$130
48 years$20,293$11,460$6,166$3,200$1,619$111
49 years$19,652$10,944$5,796$2,957$1,471$94
50 years$19,039$10,454$5,449$2,733$1,336$80

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 $3,507 every year, while hoping to spend $21,731 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: 29/42/29 Blend
56$19,500,000$19,500,000$19,500,000$19,500,000
57$21,492,617$20,459,117$20,156,867$21,923,588
58$23,661,743$21,438,493$20,809,001$23,245,345
59$26,051,391$22,465,129$21,482,252$24,663,171
60$28,684,031$23,541,319$22,177,307$26,187,021
61$31,584,426$24,669,467$22,894,870$27,826,080
62$34,779,862$25,852,096$23,635,673$29,590,398
63$38,300,408$27,091,848$24,400,468$31,490,974
64$42,179,199$28,391,498$25,190,033$33,539,853
65$46,452,750$29,753,954$26,005,171$35,750,227
66$51,161,298$31,182,265$26,846,712$38,136,546
67$56,349,184$32,679,630$27,715,511$40,714,648
68$62,065,271$34,249,403$28,612,451$43,501,890
69$68,363,407$35,895,101$29,538,446$46,517,304
70$75,302,928$37,620,415$30,494,437$49,781,761
71$82,949,223$39,429,212$31,481,398$53,318,154
72$91,374,350$41,325,550$32,500,331$57,151,599
73$100,657,717$43,313,684$33,552,275$61,309,660
74$110,886,826$45,398,077$34,638,298$65,822,588
75$122,158,109$47,583,409$35,759,508$70,723,593
76$134,577,828$49,874,588$36,917,043$76,049,139
77$148,263,086$52,276,762$38,112,084$81,839,272
78$163,342,927$54,795,330$39,345,845$88,137,973
79$179,959,558$57,435,954$40,619,583$94,993,562
80$198,269,688$60,204,571$41,934,594$102,459,123
81$218,446,011$63,107,409$43,292,218$110,592,990
82$240,678,832$66,151,000$44,693,835$119,459,275
83$265,177,867$69,342,194$46,140,873$129,128,444
84$292,174,223$72,688,174$47,634,806$139,677,960
85$321,922,576$76,196,477$49,177,154$151,192,989
86$354,703,578$79,875,004$50,769,488$163,767,175
87$390,826,506$83,732,042$52,413,429$177,503,492
88$430,632,183$87,776,286$54,110,652$192,515,194
89$474,496,193$92,016,850$55,862,886$208,926,843
90$522,832,426$96,463,298$57,671,914$226,875,459
91$576,096,990$101,125,656$59,539,580$246,511,776
92$634,792,513$106,014,443$61,467,786$268,001,626
93$699,472,889$111,140,690$63,458,496$291,527,473
94$770,748,506$116,515,967$65,513,738$317,290,091
95$849,292,012$122,152,408$67,635,607$345,510,416
96$935,844,661$128,062,740$69,826,264$376,431,596
97$1,031,223,314$134,260,311$72,087,941$410,321,232
98$1,136,328,148$140,759,122$74,422,942$447,473,862
99$1,252,151,156$147,573,856$76,833,648$488,213,690
100$1,379,785,514$154,719,915$79,322,515$532,897,595