Can I retire at age 57 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,540,999
2 years$813,526$798,375$783,691$769,454$755,645$709,810
3 years$536,964$521,747$507,100$492,997$479,412$435,035
4 years$398,709$383,539$369,039$355,176$341,921$299,341
5 years$315,778$300,700$286,390$272,810$259,923$219,257
6 years$260,509$245,544$231,445$218,168$205,668$166,954
7 years$221,047$206,207$192,332$179,368$167,263$130,500
8 years$191,463$176,758$163,113$150,467$138,761$103,927
9 years$168,466$153,899$140,489$128,165$116,857$83,918
10 years$150,079$135,655$122,482$110,479$99,568$68,479
11 years$135,045$120,765$107,831$96,150$85,632$56,341
12 years$122,526$108,393$95,697$84,337$74,207$46,657
13 years$111,940$97,955$85,499$74,457$64,710$38,839
14 years$102,875$89,039$76,821$66,094$56,724$32,469
15 years$95,026$81,338$69,359$58,944$49,944$27,237
16 years$88,165$74,626$62,885$52,778$44,141$22,914
17 years$82,117$68,728$57,222$47,421$39,138$19,322
18 years$76,747$63,508$52,237$42,736$34,800$16,326
19 years$71,948$58,858$47,820$38,615$31,018$13,817
20 years$67,634$54,694$43,887$34,974$27,706$11,710
21 years$63,736$50,945$40,367$31,741$24,794$9,935
22 years$60,197$47,556$37,205$28,860$22,224$8,438
23 years$56,971$44,478$34,352$26,283$19,950$7,172
24 years$54,018$41,673$31,770$23,972$17,931$6,101
25 years$51,305$39,108$29,425$21,892$16,135$5,192
26 years$48,805$36,755$27,290$20,017$14,534$4,421
27 years$46,495$34,591$25,342$18,322$13,104$3,766
28 years$44,353$32,595$23,558$16,787$11,824$3,210
29 years$42,362$30,749$21,923$15,394$10,676$2,736
30 years$40,508$29,040$20,420$14,128$9,647$2,333
31 years$38,776$27,452$19,037$12,975$8,722$1,990
32 years$37,157$25,975$17,762$11,925$7,889$1,697
33 years$35,638$24,599$16,585$10,966$7,140$1,448
34 years$34,212$23,314$15,496$10,090$6,464$1,236
35 years$32,870$22,113$14,487$9,288$5,855$1,054
36 years$31,606$20,989$13,553$8,554$5,305$900
37 years$30,413$19,934$12,685$7,881$4,808$768
38 years$29,285$18,945$11,879$7,264$4,359$656
39 years$28,218$18,015$11,129$6,698$3,953$560
40 years$27,206$17,139$10,432$6,178$3,585$478
41 years$26,247$16,315$9,781$5,700$3,253$408
42 years$25,336$15,538$9,175$5,260$2,952$348
43 years$24,469$14,805$8,610$4,856$2,679$297
44 years$23,644$14,112$8,082$4,484$2,431$254
45 years$22,858$13,457$7,589$4,141$2,207$217
46 years$22,108$12,837$7,127$3,825$2,004$185
47 years$21,393$12,251$6,696$3,534$1,820$158
48 years$20,709$11,695$6,292$3,265$1,653$135
49 years$20,055$11,168$5,914$3,018$1,501$115
50 years$19,429$10,668$5,560$2,789$1,363$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $19,900,000, adding $3,402 every year, while hoping to spend $47,729 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: 75/13/12 Blend
56$19,900,000$19,900,000$19,900,000$19,900,000
57$21,933,309$20,878,609$20,570,159$23,525,902
58$24,119,723$21,850,878$21,208,476$25,549,443
59$26,527,552$22,869,188$21,866,577$27,760,138
60$29,179,330$23,935,745$22,545,075$30,181,568
61$32,099,886$25,052,861$23,244,599$32,834,653
62$35,316,584$26,222,961$23,965,803$35,742,416
63$38,859,574$27,448,584$24,709,356$38,930,208
64$42,762,080$28,732,395$25,475,949$42,425,939
65$47,060,716$30,077,186$26,266,297$46,260,336
66$51,795,825$31,485,884$27,081,134$50,467,237
67$57,011,865$32,961,558$27,921,218$55,083,897
68$62,757,826$34,507,426$28,787,330$60,151,343
69$69,087,694$36,126,859$29,680,275$65,714,753
70$76,060,959$37,823,395$30,600,884$71,823,883
71$83,743,175$39,600,740$31,550,012$78,533,524
72$92,206,584$41,462,781$32,528,542$85,904,023
73$101,530,791$43,413,593$33,537,384$94,001,843
74$111,803,519$45,457,447$34,577,474$102,900,187
75$123,121,439$47,598,822$35,649,780$112,679,682
76$135,591,076$49,842,415$36,755,298$123,429,138
77$149,329,820$52,193,148$37,895,055$135,246,375
78$164,467,033$54,656,183$39,070,110$148,239,147
79$181,145,267$57,236,932$40,281,555$162,526,146
80$199,521,613$59,941,070$41,530,516$178,238,121
81$219,769,180$62,774,546$42,818,151$195,519,105
82$242,078,736$65,743,598$44,145,658$214,527,763
83$266,660,498$68,854,765$45,514,269$235,438,887
84$293,746,127$72,114,907$46,925,255$258,445,037
85$323,590,907$75,531,212$48,379,927$283,758,349
86$356,476,159$79,111,221$49,879,633$311,612,530
87$392,711,894$82,862,838$51,425,768$342,265,057
88$432,639,743$86,794,352$53,019,767$375,999,593
89$476,636,175$90,914,455$54,663,108$413,128,663
90$525,116,060$95,232,258$56,357,317$453,996,586
91$578,536,578$99,757,318$58,103,966$498,982,720
92$637,401,537$104,499,654$59,904,677$548,505,032
93$702,266,129$109,469,773$61,761,120$603,024,028
94$773,742,174$114,678,692$63,675,017$663,047,092
95$852,503,890$120,137,962$65,648,144$729,133,263
96$939,294,261$125,859,696$67,682,331$801,898,495
97$1,034,932,051$131,856,597$69,779,465$882,021,465
98$1,140,319,534$138,141,984$71,941,491$970,249,958
99$1,256,451,010$144,729,824$74,170,414$1,067,407,918
100$1,384,422,191$151,634,764$76,468,300$1,174,403,205