Can I retire at age 55 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,493,417
2 years$784,910$770,292$756,124$742,388$729,064$691,397
3 years$518,075$503,394$489,263$475,655$462,548$426,009
4 years$384,684$370,048$356,058$342,683$329,893$294,763
5 years$304,671$290,122$276,316$263,213$250,780$217,157
6 years$251,346$236,907$223,304$210,494$198,433$166,351
7 years$213,271$198,954$185,567$173,059$161,380$130,842
8 years$184,728$170,540$157,375$145,175$133,880$104,874
9 years$162,540$148,486$135,547$123,656$112,746$85,248
10 years$144,800$130,883$118,173$106,593$96,065$70,043
11 years$130,295$116,517$104,038$92,768$82,619$58,035
12 years$118,216$104,580$92,331$81,370$71,596$48,409
13 years$108,003$94,510$82,492$71,837$62,433$40,597
14 years$99,257$85,907$74,119$63,769$54,729$34,196
15 years$91,683$78,477$66,919$56,871$48,187$28,909
16 years$85,063$72,001$60,672$50,922$42,588$24,512
17 years$79,228$66,311$55,209$45,753$37,762$20,837
18 years$74,047$61,274$50,399$41,233$33,576$17,749
19 years$69,417$56,788$46,138$37,257$29,927$15,146
20 years$65,255$52,770$42,343$33,743$26,731$12,943
21 years$61,494$49,153$38,947$30,624$23,921$11,075
22 years$58,080$45,883$35,896$27,845$21,442$9,487
23 years$54,967$42,913$33,144$25,359$19,248$8,134
24 years$52,118$40,207$30,652$23,128$17,300$6,979
25 years$49,501$37,732$28,390$21,122$15,568$5,993
26 years$47,089$35,462$26,330$19,313$14,023$5,148
27 years$44,859$33,374$24,450$17,678$12,643$4,425
28 years$42,793$31,448$22,730$16,197$11,408$3,805
29 years$40,872$29,668$21,152$14,853$10,301$3,273
30 years$39,083$28,018$19,702$13,631$9,308$2,816
31 years$37,412$26,486$18,368$12,519$8,415$2,424
32 years$35,850$25,062$17,137$11,505$7,612$2,087
33 years$34,384$23,734$16,001$10,580$6,889$1,797
34 years$33,008$22,494$14,951$9,735$6,237$1,547
35 years$31,714$21,335$13,978$8,961$5,649$1,333
36 years$30,494$20,250$13,076$8,253$5,118$1,148
37 years$29,343$19,233$12,239$7,604$4,639$989
38 years$28,255$18,278$11,461$7,009$4,206$852
39 years$27,225$17,381$10,738$6,463$3,814$734
40 years$26,249$16,537$10,065$5,961$3,459$633
41 years$25,324$15,741$9,437$5,500$3,138$545
42 years$24,444$14,991$8,853$5,075$2,848$470
43 years$23,608$14,284$8,307$4,685$2,584$405
44 years$22,812$13,615$7,798$4,326$2,346$349
45 years$22,054$12,984$7,322$3,995$2,130$301
46 years$21,331$12,386$6,877$3,690$1,934$259
47 years$20,640$11,820$6,460$3,410$1,756$223
48 years$19,980$11,284$6,071$3,151$1,595$193
49 years$19,350$10,775$5,706$2,912$1,448$166
50 years$18,746$10,293$5,365$2,691$1,315$143

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $19,200,000, adding $5,202 every year, while hoping to spend $21,651 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: 47/48/5 Blend
54$19,200,000$19,200,000$19,200,000$19,200,000
55$21,163,766$20,146,166$19,848,566$22,130,841
56$23,299,433$21,110,291$20,490,456$23,757,692
57$25,652,214$22,120,934$21,153,124$25,519,466
58$28,244,229$23,180,349$21,837,243$27,430,817
59$31,099,857$24,290,903$22,543,508$29,505,600
60$34,245,964$25,455,078$23,272,637$31,759,016
61$37,712,151$26,675,476$24,025,369$34,207,746
62$41,531,043$27,954,827$24,802,471$36,870,100
63$45,738,587$29,295,991$25,604,732$39,766,179
64$50,374,399$30,701,971$26,432,967$42,918,056
65$55,482,134$32,175,914$27,288,018$46,349,968
66$61,109,899$33,721,121$28,170,753$50,088,541
67$67,310,706$35,341,053$29,082,071$54,163,020
68$74,142,975$37,039,342$30,022,897$58,605,539
69$81,671,082$38,819,794$30,994,188$63,451,409
70$89,965,971$40,686,401$31,996,932$68,739,434
71$99,105,818$42,643,353$33,032,147$74,512,267
72$109,176,774$44,695,040$34,100,886$80,816,795
73$120,273,775$46,846,067$35,204,236$87,704,564
74$132,501,441$49,101,265$36,343,319$95,232,251
75$145,975,061$51,465,700$37,519,293$103,462,179
76$160,821,682$53,944,684$38,733,354$112,462,888
77$177,181,309$56,543,789$39,986,737$122,309,762
78$195,208,226$59,268,859$41,280,717$133,085,719
79$215,072,453$62,126,021$42,616,609$144,881,972
80$236,961,350$65,121,703$43,995,772$157,798,870
81$261,081,388$68,262,646$45,419,610$171,946,818
82$287,660,093$71,555,919$46,889,571$187,447,297
83$316,948,201$75,008,938$48,407,150$204,433,984
84$349,222,020$78,629,478$49,973,892$223,053,984
85$384,786,039$82,425,696$51,591,390$243,469,194
86$423,975,804$86,406,144$53,261,291$265,857,799
87$467,161,086$90,579,794$54,985,293$290,415,922
88$514,749,368$94,956,055$56,765,152$317,359,445
89$567,189,697$99,544,796$58,602,678$346,926,009
90$624,976,920$104,356,365$60,499,742$379,377,223
91$688,656,357$109,401,618$62,458,275$415,001,096
92$758,828,949$114,691,940$64,480,270$454,114,715
93$836,156,928$120,239,272$66,567,786$497,067,195
94$921,370,075$126,056,137$68,722,947$544,242,936
95$1,015,272,605$132,155,670$70,947,948$596,065,198
96$1,118,750,761$138,551,648$73,245,054$653,000,058
97$1,232,781,179$145,258,519$75,616,605$715,560,750
98$1,358,440,113$152,291,440$78,065,014$784,312,465
99$1,496,913,588$159,666,304$80,592,775$859,877,626
100$1,649,508,603$167,399,783$83,202,463$942,941,706