Can I retire at age 57 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,524,897
2 years$805,350$790,351$775,815$761,721$748,050$702,071
3 years$531,567$516,503$502,004$488,042$474,594$430,084
4 years$394,702$379,685$365,330$351,607$338,484$295,785
5 years$312,605$297,677$283,511$270,068$257,310$216,538
6 years$257,891$243,076$229,119$215,975$203,601$164,793
7 years$218,825$204,135$190,399$177,565$165,582$128,738
8 years$189,539$174,981$161,474$148,955$137,366$102,464
9 years$166,773$152,353$139,077$126,877$115,682$82,686
10 years$148,571$134,291$121,251$109,369$98,567$67,431
11 years$133,688$119,552$106,747$95,184$84,771$55,443
12 years$121,294$107,303$94,735$83,489$73,461$45,883
13 years$110,815$96,971$84,640$73,708$64,059$38,169
14 years$101,841$88,144$76,049$65,430$56,154$31,887
15 years$94,071$80,521$68,662$58,352$49,442$26,730
16 years$87,278$73,876$62,253$52,248$43,697$22,471
17 years$81,291$68,037$56,647$46,944$38,745$18,935
18 years$75,975$62,870$51,712$42,306$34,450$15,987
19 years$71,225$58,267$47,339$38,227$30,706$13,520
20 years$66,954$54,144$43,446$34,622$27,427$11,449
21 years$63,095$50,433$39,962$31,422$24,544$9,707
22 years$59,592$47,078$36,831$28,570$22,001$8,237
23 years$56,398$44,031$34,007$26,019$19,749$6,996
24 years$53,475$41,254$31,451$23,731$17,751$5,946
25 years$50,790$38,715$29,130$21,672$15,973$5,057
26 years$48,315$36,386$27,016$19,816$14,388$4,302
27 years$46,027$34,243$25,087$18,138$12,972$3,662
28 years$43,907$32,267$23,322$16,618$11,705$3,118
29 years$41,936$30,440$21,703$15,239$10,569$2,656
30 years$40,101$28,748$20,215$13,986$9,550$2,263
31 years$38,387$27,176$18,846$12,845$8,634$1,928
32 years$36,783$25,714$17,584$11,805$7,810$1,644
33 years$35,280$24,352$16,418$10,856$7,068$1,401
34 years$33,868$23,080$15,340$9,988$6,399$1,195
35 years$32,540$21,891$14,342$9,195$5,796$1,019
36 years$31,288$20,778$13,416$8,468$5,252$869
37 years$30,107$19,734$12,558$7,802$4,760$741
38 years$28,991$18,754$11,760$7,191$4,315$632
39 years$27,934$17,834$11,017$6,631$3,913$539
40 years$26,933$16,967$10,327$6,116$3,549$460
41 years$25,983$16,151$9,683$5,643$3,220$392
42 years$25,081$15,382$9,083$5,208$2,922$334
43 years$24,223$14,656$8,523$4,807$2,652$285
44 years$23,406$13,970$8,001$4,439$2,407$243
45 years$22,628$13,322$7,512$4,099$2,185$208
46 years$21,886$12,708$7,056$3,787$1,984$177
47 years$21,178$12,128$6,629$3,498$1,802$151
48 years$20,501$11,577$6,229$3,233$1,636$129
49 years$19,854$11,056$5,855$2,987$1,486$110
50 years$19,234$10,561$5,505$2,761$1,350$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $19,700,000, adding $5,755 every year, while hoping to spend $30,224 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: 51/41/8 Blend
56$19,700,000$19,700,000$19,700,000$19,700,000
57$21,715,336$20,671,236$20,365,886$22,778,353
58$23,898,142$21,651,969$21,015,985$24,483,536
59$26,302,582$22,679,744$21,686,850$26,332,458
60$28,951,229$23,756,836$22,379,143$28,341,614
61$31,868,961$24,885,627$23,093,551$30,526,067
62$35,083,189$26,068,617$23,830,779$32,902,357
63$38,624,122$27,308,427$24,591,558$35,488,649
64$42,525,048$28,607,805$25,376,640$38,304,896
65$46,822,647$29,969,632$26,186,802$41,373,016
66$51,557,343$31,396,930$27,022,846$44,717,095
67$56,773,680$32,892,867$27,885,599$48,363,598
68$62,520,744$34,460,766$28,775,915$52,341,612
69$68,852,627$36,104,111$29,694,676$56,683,110
70$75,828,938$37,826,555$30,642,790$61,423,238
71$83,515,362$39,631,929$31,621,196$66,600,640
72$91,984,286$41,524,250$32,630,863$72,257,806
73$101,315,476$43,507,732$33,672,790$78,441,461
74$111,596,835$45,586,791$34,748,009$85,202,992
75$122,925,229$47,766,060$35,857,583$92,598,921
76$135,407,402$50,050,397$37,002,612$100,691,422
77$149,160,986$52,444,896$38,184,229$109,548,890
78$164,315,611$54,954,899$39,403,605$119,246,574
79$181,014,123$57,586,009$40,661,946$129,867,267
80$199,413,941$60,344,101$41,960,498$141,502,069
81$219,688,536$63,235,335$43,300,547$154,251,233
82$242,029,072$66,266,172$44,683,422$168,225,085
83$266,646,211$69,443,388$46,110,489$183,545,047
84$293,772,098$72,774,087$47,583,165$200,344,765
85$323,662,557$76,265,723$49,102,906$218,771,340
86$356,599,502$79,926,108$50,671,218$238,986,700
87$392,893,602$83,763,438$52,289,654$261,169,100
88$432,887,210$87,786,307$53,959,818$285,514,779
89$476,957,598$92,003,728$55,683,364$312,239,783
90$525,520,515$96,425,153$57,462,000$341,581,981
91$579,034,118$101,060,496$59,297,487$373,803,273
92$638,003,289$105,920,151$61,191,643$409,192,035
93$702,984,408$111,015,021$63,146,347$448,065,809
94$774,590,601$116,356,541$65,163,533$490,774,261
95$853,497,532$121,956,702$67,245,202$537,702,451
96$940,449,780$127,828,079$69,393,415$589,274,427
97$1,036,267,864$133,983,862$71,610,301$645,957,186
98$1,141,855,998$140,437,883$73,898,058$708,265,044
99$1,258,210,619$147,204,648$76,258,952$776,764,447
100$1,386,429,798$154,299,372$78,695,323$852,079,269