Can I retire at age 57 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,527,117
2 years$809,438$794,363$779,753$765,588$751,848$700,191
3 years$534,265$519,125$504,552$490,519$477,003$427,075
4 years$396,706$381,612$367,185$353,392$340,203$292,384
5 years$314,192$299,188$284,950$271,439$258,617$213,037
6 years$259,200$244,310$230,282$217,072$204,634$161,330
7 years$219,936$205,171$191,366$178,467$166,423$125,388
8 years$190,501$175,869$162,293$149,711$138,064$99,270
9 years$167,619$153,126$139,783$127,521$116,270$79,670
10 years$149,325$134,973$121,866$109,924$99,067$64,606
11 years$134,366$120,159$107,289$95,667$85,201$52,813
12 years$121,910$107,848$95,216$83,913$73,834$43,446
13 years$111,378$97,463$85,069$74,082$64,384$35,922
14 years$102,358$88,591$76,435$65,762$56,439$29,823
15 years$94,548$80,930$69,011$58,648$49,693$24,842
16 years$87,721$74,251$62,569$52,513$43,919$20,749
17 years$81,704$68,383$56,935$47,183$38,942$17,369
18 years$76,361$63,189$51,974$42,521$34,625$14,567
19 years$71,586$58,563$47,580$38,421$30,862$12,235
20 years$67,294$54,419$43,666$34,798$27,567$10,290
21 years$63,416$50,689$40,165$31,581$24,669$8,664
22 years$59,895$47,317$37,018$28,715$22,112$7,301
23 years$56,685$44,254$34,179$26,151$19,849$6,157
24 years$53,746$41,463$31,610$23,851$17,841$5,196
25 years$51,047$38,911$29,277$21,782$16,054$4,387
26 years$48,560$36,570$27,153$19,917$14,461$3,705
27 years$46,261$34,417$25,214$18,230$13,038$3,131
28 years$44,130$32,431$23,440$16,703$11,764$2,647
29 years$42,149$30,595$21,813$15,317$10,623$2,238
30 years$40,304$28,894$20,318$14,057$9,598$1,892
31 years$38,582$27,314$18,942$12,910$8,678$1,601
32 years$36,970$25,845$17,673$11,865$7,850$1,354
33 years$35,459$24,475$16,501$10,911$7,104$1,146
34 years$34,040$23,197$15,418$10,039$6,432$970
35 years$32,705$22,002$14,415$9,241$5,826$821
36 years$31,447$20,883$13,485$8,511$5,278$694
37 years$30,260$19,834$12,621$7,842$4,784$588
38 years$29,138$18,850$11,819$7,228$4,337$498
39 years$28,076$17,924$11,073$6,664$3,933$421
40 years$27,070$17,053$10,379$6,147$3,567$357
41 years$26,115$16,233$9,732$5,671$3,236$302
42 years$25,208$15,460$9,129$5,234$2,937$256
43 years$24,346$14,730$8,567$4,832$2,665$216
44 years$23,525$14,041$8,041$4,461$2,419$183
45 years$22,743$13,389$7,550$4,120$2,196$155
46 years$21,997$12,773$7,092$3,806$1,994$131
47 years$21,285$12,189$6,662$3,516$1,811$111
48 years$20,605$11,636$6,261$3,249$1,644$94
49 years$19,954$11,112$5,885$3,003$1,493$80
50 years$19,332$10,615$5,533$2,775$1,357$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $19,800,000, adding $5,535 every year, while hoping to spend $30,522 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: 55/27/18 Blend
56$19,800,000$19,800,000$19,800,000$19,800,000
57$21,825,309$20,775,909$20,469,009$22,920,100
58$24,019,016$21,761,454$21,122,246$24,653,241
59$26,435,457$22,794,267$21,796,343$26,535,849
60$29,097,321$23,876,633$22,491,967$28,585,249
61$32,029,605$25,010,946$23,209,806$30,817,400
62$35,259,861$26,199,718$23,950,570$33,249,843
63$38,818,444$27,445,581$24,714,992$35,901,859
64$42,738,808$28,751,298$25,503,827$38,794,646
65$47,057,817$30,119,762$26,317,856$41,951,515
66$51,816,094$31,554,010$27,157,884$45,398,095
67$57,058,405$33,057,225$28,024,742$49,162,575
68$62,834,078$34,632,745$28,919,287$53,275,959
69$69,197,475$36,284,071$29,842,404$57,772,352
70$76,208,500$38,014,873$30,795,007$62,689,271
71$83,933,166$39,829,000$31,778,038$68,067,991
72$92,444,216$41,730,489$32,792,470$73,953,927
73$101,821,814$43,723,571$33,839,306$80,397,052
74$112,154,299$45,812,685$34,919,582$87,452,357
75$123,539,016$48,002,486$36,034,367$95,180,361
76$136,083,242$50,297,853$37,184,764$103,647,672
77$149,905,190$52,703,906$38,371,912$112,927,602
78$165,135,134$55,226,012$39,596,985$123,100,846
79$181,916,629$57,869,798$40,861,196$134,256,234
80$200,407,875$60,641,168$42,165,795$146,491,556
81$220,783,204$63,546,311$43,512,076$159,914,468
82$243,234,729$66,591,719$44,901,368$174,643,495
83$267,974,157$69,784,198$46,335,049$190,809,138
84$295,234,784$73,130,887$47,814,537$208,555,084
85$325,273,705$76,639,273$49,341,296$228,039,549
86$358,374,232$80,317,207$50,916,839$249,436,756
87$394,848,575$84,172,921$52,542,724$272,938,556
88$435,040,786$88,215,051$54,220,562$298,756,226
89$479,330,009$92,452,651$55,952,014$327,122,437
90$528,134,057$96,895,218$57,738,794$358,293,435
91$581,913,359$101,552,712$59,582,671$392,551,436
92$641,175,302$106,435,575$61,485,471$430,207,266
93$706,479,027$111,554,763$63,449,079$471,603,272
94$778,440,704$116,921,762$65,475,438$517,116,531
95$857,739,347$122,548,619$67,566,557$567,162,380
96$945,123,228$128,447,970$69,724,505$622,198,310
97$1,041,416,942$134,633,065$71,951,420$682,728,257
98$1,147,529,185$141,117,800$74,249,508$749,307,331
99$1,264,461,340$147,916,751$76,621,045$822,547,021
100$1,393,316,927$155,045,201$79,068,379$903,120,936