Can I retire at age 57 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,576,861
2 years$817,615$802,387$787,630$773,321$759,442$741,355
3 years$539,662$524,369$509,648$495,474$481,821$464,175
4 years$400,713$385,467$370,894$356,961$343,639$326,569
5 years$317,365$302,211$287,829$274,180$261,229$244,786
6 years$261,818$246,778$232,608$219,264$206,701$190,906
7 years$222,157$207,243$193,299$180,269$168,104$152,961
8 years$192,425$177,646$163,933$151,223$139,458$124,968
9 years$169,313$154,673$141,195$128,809$117,444$103,600
10 years$150,833$136,336$123,097$111,034$100,068$86,862
11 years$135,724$121,372$108,373$96,633$86,062$73,482
12 years$123,141$108,937$96,178$84,760$74,579$62,612
13 years$112,503$98,447$85,929$74,831$65,035$53,666
14 years$103,392$89,486$77,207$66,426$57,009$46,223
15 years$95,503$81,747$69,708$59,241$50,195$39,974
16 years$88,608$75,001$63,201$53,044$44,363$34,689
17 years$82,529$69,073$57,510$47,659$39,335$30,191
18 years$77,132$63,827$52,499$42,951$34,975$26,341
19 years$72,309$59,154$48,060$38,809$31,174$23,031
20 years$67,974$54,969$44,107$35,149$27,845$20,175
21 years$64,056$51,201$40,570$31,900$24,918$17,700
22 years$60,500$47,795$37,392$29,005$22,336$15,551
23 years$57,257$44,701$34,525$26,415$20,050$13,679
24 years$54,289$41,882$31,930$24,092$18,021$12,044
25 years$51,563$39,304$29,573$22,002$16,216$10,615
26 years$49,051$36,940$27,428$20,118$14,607$9,363
27 years$46,728$34,765$25,469$18,414$13,170$8,264
28 years$44,576$32,759$23,677$16,871$11,883$7,299
29 years$42,575$30,904$22,033$15,471$10,730$6,450
30 years$40,711$29,186$20,523$14,199$9,695$5,703
31 years$38,971$27,590$19,133$13,041$8,766$5,044
32 years$37,343$26,106$17,851$11,985$7,929$4,463
33 years$35,817$24,723$16,668$11,021$7,176$3,950
34 years$34,384$23,431$15,574$10,140$6,497$3,497
35 years$33,035$22,224$14,560$9,335$5,884$3,097
36 years$31,765$21,094$13,621$8,597$5,332$2,743
37 years$30,565$20,035$12,749$7,921$4,832$2,430
38 years$29,432$19,040$11,939$7,301$4,381$2,153
39 years$28,360$18,105$11,185$6,732$3,973$1,908
40 years$27,343$17,226$10,484$6,209$3,603$1,692
41 years$26,379$16,397$9,831$5,729$3,269$1,500
42 years$25,463$15,616$9,221$5,287$2,966$1,329
43 years$24,592$14,879$8,653$4,880$2,692$1,179
44 years$23,763$14,183$8,122$4,506$2,444$1,045
45 years$22,973$13,525$7,627$4,162$2,218$927
46 years$22,219$12,902$7,163$3,844$2,014$822
47 years$21,500$12,312$6,730$3,552$1,829$729
48 years$20,813$11,754$6,324$3,282$1,661$647
49 years$20,156$11,224$5,944$3,033$1,509$574
50 years$19,527$10,722$5,588$2,803$1,370$509

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $20,000,000, adding $5,932 every year, while hoping to spend $47,893 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: 49/30/21 Blend
56$20,000,000$20,000,000$20,000,000$20,000,000
57$22,046,119$20,986,119$20,676,119$22,995,798
58$24,243,865$21,963,481$21,317,811$24,633,475
59$26,664,177$22,987,129$21,979,395$26,406,239
60$29,329,704$24,059,279$22,661,486$28,331,132
61$32,265,407$25,182,257$23,364,719$30,422,503
62$35,498,790$26,358,500$24,089,749$32,696,112
63$39,060,161$27,590,561$24,837,250$35,169,275
64$42,982,918$28,881,118$25,607,918$37,861,020
65$47,303,862$30,232,980$26,402,470$40,792,259
66$52,063,549$31,649,088$27,221,645$43,985,976
67$57,306,666$33,132,528$28,066,205$47,467,440
68$63,082,459$34,686,535$28,936,936$51,264,430
69$69,445,194$36,314,500$29,834,648$55,407,492
70$76,454,670$38,019,977$30,760,175$59,930,216
71$84,176,784$39,806,693$31,714,378$64,869,546
72$92,684,151$41,678,557$32,698,145$70,266,113
73$102,056,792$43,639,663$33,712,391$76,164,617
74$112,382,886$45,694,308$34,758,057$82,614,227
75$123,759,606$47,846,994$35,836,117$89,669,044
76$136,294,031$50,102,442$36,947,572$97,388,592
77$150,104,162$52,465,602$38,093,456$105,838,371
78$165,320,033$54,941,663$39,274,833$115,090,462
79$182,084,938$57,536,066$40,492,802$125,224,190
80$200,556,785$60,254,517$41,748,494$136,326,864
81$220,909,584$63,102,995$43,043,076$148,494,582
82$243,335,093$66,087,774$44,377,750$161,833,124
83$268,044,626$69,215,427$45,753,758$176,458,934
84$295,271,045$72,492,850$47,172,376$192,500,200
85$325,270,963$75,927,272$48,634,922$210,098,050
86$358,327,165$79,526,272$50,142,756$229,407,862
87$394,751,274$83,297,797$51,697,276$250,600,711
88$434,886,696$87,250,182$53,299,928$273,864,967
89$479,111,862$91,392,163$54,952,198$299,408,045
90$527,843,796$95,732,904$56,655,621$327,458,350
91$581,542,057$100,282,010$58,411,778$358,267,398
92$640,713,074$105,049,555$60,222,299$392,112,178
93$705,914,927$110,046,103$62,088,866$429,297,728
94$777,762,616$115,282,728$64,013,209$470,160,000
95$856,933,867$120,771,046$65,997,116$515,068,995
96$944,175,529$126,523,235$68,042,427$564,432,228
97$1,040,310,624$132,552,064$70,151,039$618,698,546
98$1,146,246,118$138,870,926$72,324,909$678,362,331
99$1,262,981,483$145,493,862$74,566,054$743,968,136
100$1,391,618,130$152,435,597$76,876,553$816,115,787