Can I retire at age 55 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,545,966
2 years$801,262$786,339$771,877$757,855$744,253$727,171
3 years$528,869$513,882$499,455$485,565$472,185$455,516
4 years$392,699$377,757$363,476$349,822$336,766$320,640
5 years$311,018$296,166$282,072$268,697$256,004$240,467
6 years$256,582$241,842$227,956$214,879$202,567$187,638
7 years$217,714$203,099$189,433$176,664$164,742$150,427
8 years$188,577$174,093$160,654$148,199$136,669$122,968
9 years$165,926$151,579$138,371$126,233$115,095$102,002
10 years$147,817$133,610$120,635$108,814$98,067$85,574
11 years$133,009$118,945$106,205$94,701$84,341$72,437
12 years$120,678$106,759$94,254$83,065$73,088$61,761
13 years$110,253$96,479$84,210$73,334$63,734$52,971
14 years$101,324$87,696$75,663$65,098$55,869$45,654
15 years$93,593$80,112$68,314$58,056$49,191$39,509
16 years$86,835$73,501$61,936$51,983$43,475$34,309
17 years$80,879$67,692$56,360$46,706$38,548$29,881
18 years$75,590$62,550$51,449$42,092$34,275$26,090
19 years$70,863$57,971$47,099$38,033$30,550$22,828
20 years$66,614$53,870$43,225$34,446$27,288$20,011
21 years$62,775$50,177$39,759$31,262$24,420$17,570
22 years$59,290$46,839$36,644$28,425$21,889$15,448
23 years$56,112$43,807$33,834$25,887$19,649$13,599
24 years$53,204$41,045$31,291$23,610$17,661$11,983
25 years$50,532$38,518$28,982$21,562$15,892$10,570
26 years$48,070$36,201$26,879$19,715$14,315$9,330
27 years$45,794$34,069$24,960$18,046$12,906$8,242
28 years$43,684$32,103$23,203$16,534$11,645$7,285
29 years$41,724$30,286$21,592$15,162$10,516$6,443
30 years$39,897$28,602$20,113$13,915$9,501$5,701
31 years$38,192$27,038$18,750$12,780$8,590$5,046
32 years$36,596$25,584$17,494$11,745$7,770$4,469
33 years$35,101$24,228$16,335$10,800$7,032$3,959
34 years$33,696$22,963$15,262$9,937$6,367$3,508
35 years$32,375$21,780$14,269$9,148$5,767$3,109
36 years$31,129$20,672$13,348$8,425$5,225$2,756
37 years$29,954$19,634$12,494$7,763$4,736$2,444
38 years$28,843$18,659$11,700$7,155$4,293$2,167
39 years$27,792$17,743$10,962$6,597$3,893$1,922
40 years$26,796$16,881$10,274$6,085$3,531$1,705
41 years$25,851$16,069$9,634$5,614$3,204$1,513
42 years$24,954$15,304$9,037$5,181$2,907$1,343
43 years$24,100$14,581$8,480$4,783$2,638$1,191
44 years$23,288$13,899$7,960$4,416$2,395$1,057
45 years$22,513$13,254$7,474$4,078$2,174$938
46 years$21,775$12,644$7,020$3,767$1,974$833
47 years$21,070$12,066$6,595$3,481$1,792$739
48 years$20,397$11,519$6,198$3,216$1,628$656
49 years$19,753$11,000$5,825$2,972$1,478$583
50 years$19,136$10,507$5,477$2,747$1,343$517

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $19,600,000, adding $4,556 every year, while hoping to spend $56,696 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: 60/29/11 Blend
54$19,600,000$19,600,000$19,600,000$19,600,000
55$21,603,900$20,565,100$20,261,300$22,843,641
56$23,747,173$21,512,465$20,879,729$24,624,421
57$26,107,161$22,504,352$21,516,976$26,559,182
58$28,705,907$23,542,881$22,173,610$28,668,209
59$31,567,703$24,630,276$22,850,220$30,968,305
60$34,719,317$25,768,867$23,547,410$33,477,948
61$38,190,244$26,961,099$24,265,806$36,217,455
62$42,012,987$28,209,531$25,006,048$39,209,168
63$46,223,361$29,516,847$25,768,800$42,477,661
64$50,860,833$30,885,861$26,554,743$46,049,961
65$55,968,891$32,319,522$27,364,580$49,955,802
66$61,595,458$33,820,919$28,199,035$54,227,893
67$67,793,345$35,393,294$29,058,852$58,902,221
68$74,620,743$37,040,043$29,944,801$64,018,384
69$82,141,779$38,764,725$30,857,672$69,619,957
70$90,427,117$40,571,073$31,798,280$75,754,889
71$99,554,626$42,462,998$32,767,466$82,475,954
72$109,610,115$44,444,602$33,766,093$89,841,236
73$120,688,143$46,520,184$34,795,053$97,914,665
74$132,892,910$48,694,249$35,855,264$106,766,614
75$146,339,243$50,971,523$36,947,671$116,474,551
76$161,153,676$53,356,958$38,073,248$127,123,760
77$177,475,647$55,855,746$39,232,999$138,808,130
78$195,458,816$58,473,330$40,427,957$151,631,033
79$215,272,508$61,215,416$41,659,186$165,706,286
80$237,103,319$64,087,986$42,927,784$181,159,210
81$261,156,872$67,097,313$44,234,880$198,127,800
82$287,659,762$70,249,970$45,581,637$216,764,013
83$316,861,691$73,552,852$46,969,255$237,235,186
84$349,037,826$77,013,184$48,398,968$259,725,598
85$384,491,399$80,638,545$49,872,048$284,438,197
86$423,556,565$84,436,877$51,389,805$311,596,491
87$466,601,560$88,416,509$52,953,589$341,446,646
88$514,032,175$92,586,174$54,564,790$374,259,784
89$566,295,585$96,955,025$56,224,839$410,334,528
90$623,884,576$101,532,663$57,935,212$449,999,794
91$687,342,190$106,329,150$59,697,429$493,617,876
92$757,266,853$111,355,038$61,513,053$541,587,843
93$834,318,029$116,621,392$63,383,697$594,349,281
94$919,222,438$122,139,811$65,311,021$652,386,416
95$1,012,780,923$127,922,457$67,296,736$716,232,659
96$1,115,876,003$133,982,083$69,342,602$786,475,613
97$1,229,480,211$140,332,061$71,450,435$863,762,591
98$1,354,665,271$146,986,411$73,622,104$948,806,695
99$1,492,612,217$153,959,833$75,859,533$1,042,393,516
100$1,644,622,541$161,267,743$78,164,705$1,145,388,515