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%19.2%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,482,047
2 years$788,998$774,304$760,063$746,255$732,861$676,116
3 years$520,774$506,016$491,811$478,133$464,957$410,214
4 years$386,688$371,975$357,912$344,468$331,612$279,287
5 years$306,257$291,633$277,755$264,584$252,086$202,316
6 years$252,655$238,140$224,467$211,590$199,467$152,288
7 years$214,382$199,990$186,533$173,960$162,220$117,619
8 years$185,691$171,428$158,195$145,931$134,577$92,514
9 years$163,387$149,259$136,253$124,301$113,333$73,750
10 years$145,554$131,565$118,789$107,148$96,566$59,392
11 years$130,973$117,124$104,580$93,251$83,050$48,205
12 years$118,831$105,124$92,812$81,794$71,969$39,366
13 years$108,565$95,002$82,921$72,212$62,759$32,305
14 years$99,774$86,354$74,505$64,101$55,014$26,615
15 years$92,161$78,886$67,268$57,167$48,438$21,997
16 years$85,506$72,376$60,988$51,187$42,810$18,227
17 years$79,641$66,656$55,497$45,991$37,958$15,135
18 years$74,433$61,593$50,662$41,447$33,751$12,589
19 years$69,778$57,084$46,378$37,451$30,083$10,487
20 years$65,595$53,045$42,564$33,919$26,871$8,746
21 years$61,814$49,409$39,150$30,784$24,046$7,301
22 years$58,382$46,122$36,083$27,990$21,554$6,100
23 years$55,253$43,137$33,316$25,491$19,348$5,099
24 years$52,389$40,416$30,812$23,249$17,390$4,266
25 years$49,758$37,929$28,538$21,232$15,649$3,570
26 years$47,334$35,647$26,468$19,414$14,096$2,989
27 years$45,093$33,548$24,578$17,770$12,709$2,503
28 years$43,015$31,612$22,848$16,281$11,467$2,097
29 years$41,085$29,822$21,262$14,930$10,355$1,757
30 years$39,286$28,164$19,805$13,702$9,356$1,473
31 years$37,607$26,624$18,463$12,584$8,459$1,234
32 years$36,036$25,192$17,227$11,565$7,652$1,035
33 years$34,563$23,857$16,085$10,635$6,925$868
34 years$33,180$22,611$15,029$9,785$6,269$728
35 years$31,879$21,446$14,051$9,008$5,678$610
36 years$30,653$20,356$13,144$8,296$5,145$512
37 years$29,496$19,333$12,303$7,644$4,663$429
38 years$28,402$18,374$11,521$7,045$4,228$360
39 years$27,367$17,471$10,794$6,496$3,834$302
40 years$26,386$16,623$10,117$5,992$3,477$253
41 years$25,456$15,823$9,487$5,528$3,155$212
42 years$24,572$15,070$8,899$5,102$2,863$178
43 years$23,731$14,358$8,350$4,710$2,598$149
44 years$22,931$13,686$7,838$4,349$2,358$125
45 years$22,169$13,051$7,360$4,016$2,141$105
46 years$21,442$12,450$6,912$3,710$1,944$88
47 years$20,748$11,881$6,494$3,427$1,765$74
48 years$20,085$11,342$6,103$3,167$1,603$62
49 years$19,450$10,831$5,736$2,927$1,456$52
50 years$18,844$10,347$5,393$2,705$1,322$44

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 $4,881 every year, while hoping to spend $55,901 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: 49/34/17 Blend
54$19,300,000$19,300,000$19,300,000$19,300,000
55$21,273,635$20,250,735$19,951,585$22,214,994
56$23,384,067$21,183,543$20,560,485$23,798,928
57$25,707,890$22,160,184$21,187,909$25,512,446
58$28,266,811$23,182,749$21,834,420$27,372,648
59$31,084,748$24,253,426$22,500,595$29,393,333
60$34,188,058$25,374,510$23,187,031$31,589,656
61$37,605,785$26,548,405$23,894,341$33,978,266
62$41,369,932$27,777,634$24,623,159$36,577,455
63$45,515,765$29,064,839$25,374,135$39,407,322
64$50,082,145$30,412,788$26,147,941$42,489,958
65$55,111,896$31,824,386$26,945,268$45,849,643
66$60,652,203$33,302,676$27,766,829$49,513,069
67$66,755,068$34,850,846$28,613,357$53,509,580
68$73,477,789$36,472,242$29,485,609$57,871,443
69$80,883,510$38,170,368$30,384,363$62,634,141
70$89,041,810$39,948,898$31,310,421$67,836,697
71$98,029,364$41,811,684$32,264,610$73,522,033
72$107,930,666$43,762,763$33,247,781$79,737,364
73$118,838,823$45,806,368$34,260,811$86,534,629
74$130,856,438$47,946,935$35,304,603$93,970,974
75$144,096,575$50,189,115$36,380,088$102,109,274
76$158,683,829$52,537,785$37,488,224$111,018,714
77$174,755,499$54,998,056$38,629,999$120,775,430
78$192,462,885$57,575,286$39,806,430$131,463,213
79$211,972,719$60,275,094$41,018,564$143,174,281
80$233,468,732$63,103,370$42,267,482$156,010,135
81$257,153,394$66,066,286$43,554,294$170,082,505
82$283,249,824$69,170,318$44,880,146$185,514,379
83$312,003,893$72,422,251$46,246,218$202,441,151
84$343,686,549$75,829,199$47,653,725$221,011,879
85$378,596,370$79,398,624$49,103,919$241,390,670
86$417,062,389$83,138,345$50,598,089$263,758,211
87$459,447,190$87,056,562$52,137,562$288,313,448
88$506,150,341$91,161,871$53,723,708$315,275,448
89$557,612,159$95,463,285$55,357,935$344,885,434
90$614,317,868$99,970,255$57,041,695$377,409,044
91$676,802,182$104,692,689$58,776,483$413,138,810
92$745,654,348$109,640,975$60,563,839$452,396,889
93$821,523,713$114,826,004$62,405,349$495,538,079
94$905,125,851$120,259,197$64,302,648$542,953,137
95$997,249,318$125,952,529$66,257,417$595,072,434
96$1,098,763,099$131,918,553$68,271,391$652,369,987
97$1,210,624,808$138,170,435$70,346,356$715,367,898
98$1,333,889,729$144,721,977$72,484,149$784,641,246
99$1,469,720,780$151,587,652$74,686,666$860,823,479
100$1,619,399,488$158,782,636$76,955,858$944,612,350