Can I retire at age 55 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,524,841
2 years$788,998$774,304$760,063$746,255$732,861$718,587
3 years$520,774$506,016$491,811$478,133$464,957$451,018
4 years$386,688$371,975$357,912$344,468$331,612$318,116
5 years$306,257$291,633$277,755$264,584$252,086$239,073
6 years$252,655$238,140$224,467$211,590$199,467$186,953
7 years$214,382$199,990$186,533$173,960$162,220$150,211
8 years$185,691$171,428$158,195$145,931$134,577$123,072
9 years$163,387$149,259$136,253$124,301$113,333$102,329
10 years$145,554$131,565$118,789$107,148$96,566$86,055
11 years$130,973$117,124$104,580$93,251$83,050$73,025
12 years$118,831$105,124$92,812$81,794$71,969$62,420
13 years$108,565$95,002$82,921$72,212$62,759$53,675
14 years$99,774$86,354$74,505$64,101$55,014$46,383
15 years$92,161$78,886$67,268$57,167$48,438$40,249
16 years$85,506$72,376$60,988$51,187$42,810$35,048
17 years$79,641$66,656$55,497$45,991$37,958$30,610
18 years$74,433$61,593$50,662$41,447$33,751$26,802
19 years$69,778$57,084$46,378$37,451$30,083$23,519
20 years$65,595$53,045$42,564$33,919$26,871$20,678
21 years$61,814$49,409$39,150$30,784$24,046$18,209
22 years$58,382$46,122$36,083$27,990$21,554$16,058
23 years$55,253$43,137$33,316$25,491$19,348$14,179
24 years$52,389$40,416$30,812$23,249$17,390$12,533
25 years$49,758$37,929$28,538$21,232$15,649$11,089
26 years$47,334$35,647$26,468$19,414$14,096$9,820
27 years$45,093$33,548$24,578$17,770$12,709$8,702
28 years$43,015$31,612$22,848$16,281$11,467$7,717
29 years$41,085$29,822$21,262$14,930$10,355$6,847
30 years$39,286$28,164$19,805$13,702$9,356$6,078
31 years$37,607$26,624$18,463$12,584$8,459$5,398
32 years$36,036$25,192$17,227$11,565$7,652$4,796
33 years$34,563$23,857$16,085$10,635$6,925$4,262
34 years$33,180$22,611$15,029$9,785$6,269$3,790
35 years$31,879$21,446$14,051$9,008$5,678$3,370
36 years$30,653$20,356$13,144$8,296$5,145$2,998
37 years$29,496$19,333$12,303$7,644$4,663$2,667
38 years$28,402$18,374$11,521$7,045$4,228$2,373
39 years$27,367$17,471$10,794$6,496$3,834$2,112
40 years$26,386$16,623$10,117$5,992$3,477$1,880
41 years$25,456$15,823$9,487$5,528$3,155$1,674
42 years$24,572$15,070$8,899$5,102$2,863$1,491
43 years$23,731$14,358$8,350$4,710$2,598$1,327
44 years$22,931$13,686$7,838$4,349$2,358$1,182
45 years$22,169$13,051$7,360$4,016$2,141$1,053
46 years$21,442$12,450$6,912$3,710$1,944$938
47 years$20,748$11,881$6,494$3,427$1,765$835
48 years$20,085$11,342$6,103$3,167$1,603$744
49 years$19,450$10,831$5,736$2,927$1,456$663
50 years$18,844$10,347$5,393$2,705$1,322$591

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $19,300,000, adding $2,563 every year, while hoping to spend $59,559 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: 43/42/15 Blend
54$19,300,000$19,300,000$19,300,000$19,300,000
55$21,271,244$20,248,344$19,949,194$22,093,047
56$23,377,540$21,177,142$20,554,121$23,598,711
57$25,696,683$22,149,456$21,177,318$25,222,792
58$28,250,319$23,167,354$21,819,333$26,980,995
59$31,062,302$24,233,004$22,480,731$28,885,666
60$34,158,917$25,348,681$23,162,095$30,950,354
61$37,569,126$26,516,767$23,864,025$33,189,924
62$41,324,846$27,739,757$24,587,139$35,620,697
63$45,461,245$29,020,270$25,332,073$38,260,590
64$50,017,076$30,361,048$26,099,481$41,129,276
65$55,035,044$31,764,965$26,890,040$44,248,362
66$60,562,206$33,235,035$27,704,444$47,641,583
67$66,650,416$34,774,417$28,543,408$51,335,012
68$73,356,816$36,386,421$29,407,669$55,357,301
69$80,744,372$38,074,517$30,297,987$59,739,932
70$88,882,472$39,842,342$31,215,144$64,517,510
71$97,847,576$41,693,709$32,159,943$69,728,072
72$107,723,943$43,632,615$33,133,215$75,413,432
73$118,604,420$45,663,248$34,135,813$81,619,567
74$130,591,324$47,790,000$35,168,616$88,397,030
75$143,797,403$50,017,474$36,232,529$95,801,419
76$158,346,904$52,350,497$37,328,485$103,893,880
77$174,376,743$54,794,125$38,457,443$112,741,667
78$192,037,796$57,353,663$39,620,393$122,418,767
79$211,496,328$60,034,669$40,818,352$133,006,573
80$232,935,556$62,842,970$42,052,370$144,594,633
81$256,557,383$65,784,676$43,323,525$157,281,482
82$282,584,302$68,866,191$44,632,929$171,175,543
83$311,261,496$72,094,230$45,981,727$186,396,136
84$342,859,152$75,475,831$47,371,099$203,074,574
85$377,675,012$79,018,373$48,802,257$221,355,387
86$416,037,183$82,729,593$50,276,452$241,397,652
87$458,307,234$86,617,601$51,794,972$263,376,477
88$504,883,609$90,690,901$53,359,140$287,484,621
89$556,205,389$94,958,407$54,970,324$313,934,285
90$612,756,436$99,429,466$56,629,927$342,959,089
91$675,069,960$104,113,877$58,339,396$374,816,242
92$743,733,552$109,021,914$60,100,223$409,788,937
93$819,394,735$114,164,347$61,913,940$448,188,994
94$902,767,069$119,552,472$63,782,129$490,359,761
95$994,636,895$125,198,128$65,706,414$536,679,322
96$1,095,870,751$131,113,729$67,688,473$587,564,027
97$1,207,423,560$137,312,294$69,730,028$643,472,376
98$1,330,347,635$143,807,469$71,832,857$704,909,308
99$1,465,802,623$150,613,564$73,998,786$772,430,921
100$1,615,066,445$157,745,582$76,229,700$846,649,674