Can I retire at age 55 with 19,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,495,034
2 years$797,174$782,328$767,939$753,988$740,456$680,799
3 years$526,170$511,260$496,907$483,087$469,776$412,262
4 years$390,695$375,830$361,621$348,037$335,048$280,116
5 years$309,431$294,655$280,633$267,326$254,698$202,489
6 years$255,273$240,608$226,793$213,783$201,534$152,083
7 years$216,603$202,062$188,466$175,763$163,901$117,192
8 years$187,615$173,205$159,834$147,443$135,972$91,959
9 years$165,080$150,806$137,665$125,589$114,508$73,128
10 years$147,062$132,928$120,020$108,259$97,566$58,741
11 years$132,330$118,338$105,663$94,217$83,910$47,553
12 years$120,063$106,214$93,774$82,641$72,715$38,730
13 years$109,690$95,986$83,780$72,960$63,409$31,696
14 years$100,807$87,249$75,277$64,766$55,584$26,040
15 years$93,116$79,703$67,965$57,760$48,940$21,460
16 years$86,392$73,126$61,620$51,717$43,254$17,731
17 years$80,466$67,347$56,072$46,468$38,352$14,679
18 years$75,204$62,231$51,187$41,877$34,101$12,174
19 years$70,501$57,675$46,859$37,839$30,395$10,110
20 years$66,274$53,595$43,005$34,271$27,149$8,406
21 years$62,455$49,921$39,556$31,103$24,295$6,995
22 years$58,987$46,600$36,457$28,280$21,777$5,826
23 years$55,826$43,584$33,662$25,755$19,549$4,855
24 years$52,932$40,835$31,131$23,490$17,571$4,049
25 years$50,274$38,322$28,834$21,452$15,811$3,378
26 years$47,824$36,016$26,742$19,615$14,242$2,819
27 years$45,560$33,896$24,832$17,954$12,840$2,353
28 years$43,461$31,940$23,085$16,450$11,586$1,965
29 years$41,511$30,131$21,482$15,085$10,462$1,641
30 years$39,694$28,456$20,010$13,844$9,453$1,371
31 years$37,997$26,900$18,655$12,715$8,546$1,145
32 years$36,410$25,453$17,405$11,685$7,731$957
33 years$34,922$24,105$16,251$10,745$6,996$800
34 years$33,524$22,846$15,184$9,887$6,334$668
35 years$32,209$21,669$14,196$9,101$5,737$559
36 years$30,971$20,567$13,280$8,382$5,198$467
37 years$29,801$19,534$12,430$7,723$4,711$390
38 years$28,696$18,564$11,640$7,118$4,271$326
39 years$27,651$17,653$10,906$6,564$3,873$273
40 years$26,660$16,795$10,222$6,054$3,513$228
41 years$25,719$15,987$9,585$5,585$3,187$191
42 years$24,826$15,226$8,991$5,155$2,892$159
43 years$23,977$14,507$8,437$4,758$2,625$133
44 years$23,169$13,828$7,919$4,394$2,383$111
45 years$22,399$13,186$7,436$4,058$2,163$93
46 years$21,664$12,579$6,984$3,748$1,964$78
47 years$20,963$12,005$6,561$3,463$1,783$65
48 years$20,293$11,460$6,166$3,200$1,619$54
49 years$19,652$10,944$5,796$2,957$1,471$46
50 years$19,039$10,454$5,449$2,733$1,336$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $19,500,000, adding $4,728 every year, while hoping to spend $31,074 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: 85/10/5 Blend
54$19,500,000$19,500,000$19,500,000$19,500,000
55$21,493,877$20,460,377$20,158,127$23,320,824
56$23,653,190$21,429,873$20,800,362$25,481,879
57$26,031,711$22,445,833$21,463,070$27,850,757
58$28,651,768$23,510,500$22,146,904$30,452,085
59$31,537,962$24,626,228$22,852,539$33,309,190
60$34,717,404$25,795,484$23,580,670$36,447,761
61$38,219,971$27,020,855$24,332,014$39,896,093
62$42,078,584$28,305,052$25,107,312$43,685,344
63$46,329,520$29,650,920$25,907,328$47,849,836
64$51,012,758$31,061,442$26,732,850$52,427,368
65$56,172,352$32,539,745$27,584,693$57,459,577
66$61,856,847$34,089,108$28,463,696$62,992,323
67$68,119,741$35,712,970$29,370,725$69,076,121
68$75,019,984$37,414,936$30,306,675$75,766,618
69$82,622,542$39,198,787$31,272,467$83,125,108
70$90,999,002$41,068,488$32,269,056$91,219,114
71$100,228,253$43,028,197$33,297,422$100,123,018
72$110,397,230$45,082,273$34,358,580$109,918,761
73$121,601,731$47,235,289$35,453,577$120,696,612
74$133,947,327$49,492,037$36,583,491$132,556,017
75$147,550,354$51,857,546$37,749,437$145,606,534
76$162,539,012$54,337,088$38,952,565$159,968,861
77$179,054,576$56,936,191$40,194,062$175,775,971
78$197,252,731$59,660,652$41,475,150$193,174,365
79$217,305,037$62,516,551$42,797,095$212,325,448
80$239,400,553$65,510,264$44,161,200$233,407,046
81$263,747,619$68,648,477$45,568,810$256,615,084
82$290,575,824$71,938,200$47,021,313$282,165,425
83$320,138,173$75,386,788$48,520,143$310,295,904
84$352,713,477$79,001,950$50,066,777$341,268,568
85$388,608,979$82,791,773$51,662,741$375,372,140
86$428,163,262$86,764,737$53,309,611$412,924,742
87$471,749,442$90,929,736$55,009,009$454,276,888
88$519,778,687$95,296,096$56,762,614$499,814,785
89$572,704,107$99,873,598$58,572,155$549,963,975
90$631,025,020$104,672,499$60,439,417$605,193,341
91$695,291,678$109,703,557$62,366,243$666,019,524
92$766,110,451$114,978,053$64,354,533$733,011,796
93$844,149,558$120,507,818$66,406,251$806,797,419
94$930,145,372$126,305,261$68,523,421$888,067,561
95$1,024,909,376$132,383,394$70,708,131$977,583,810
96$1,129,335,817$138,755,865$72,962,538$1,076,185,352
97$1,244,410,154$145,436,986$75,288,866$1,184,796,882
98$1,371,218,359$152,441,768$77,689,412$1,304,437,324
99$1,510,957,169$159,785,952$80,166,546$1,436,229,435
100$1,664,945,386$167,486,050$82,722,711$1,581,410,397