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%17.7%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,514,114
2 years$801,262$786,339$771,877$757,855$744,253$695,505
3 years$528,869$513,882$499,455$485,565$472,185$425,035
4 years$392,699$377,757$363,476$349,822$336,766$291,576
5 years$311,018$296,166$282,072$268,697$256,004$212,896
6 years$256,582$241,842$227,956$214,879$202,567$161,577
7 years$217,714$203,099$189,433$176,664$164,742$125,867
8 years$188,577$174,093$160,654$148,199$136,669$99,884
9 years$165,926$151,579$138,371$126,233$115,095$80,359
10 years$147,817$133,610$120,635$108,814$98,067$65,329
11 years$133,009$118,945$106,205$94,701$84,341$53,542
12 years$120,678$106,759$94,254$83,065$73,088$44,163
13 years$110,253$96,479$84,210$73,334$63,734$36,615
14 years$101,324$87,696$75,663$65,098$55,869$30,482
15 years$93,593$80,112$68,314$58,056$49,191$25,463
16 years$86,835$73,501$61,936$51,983$43,475$21,329
17 years$80,879$67,692$56,360$46,706$38,548$17,907
18 years$75,590$62,550$51,449$42,092$34,275$15,063
19 years$70,863$57,971$47,099$38,033$30,550$12,690
20 years$66,614$53,870$43,225$34,446$27,288$10,706
21 years$62,775$50,177$39,759$31,262$24,420$9,041
22 years$59,290$46,839$36,644$28,425$21,889$7,643
23 years$56,112$43,807$33,834$25,887$19,649$6,466
24 years$53,204$41,045$31,291$23,610$17,661$5,474
25 years$50,532$38,518$28,982$21,562$15,892$4,636
26 years$48,070$36,201$26,879$19,715$14,315$3,929
27 years$45,794$34,069$24,960$18,046$12,906$3,331
28 years$43,684$32,103$23,203$16,534$11,645$2,825
29 years$41,724$30,286$21,592$15,162$10,516$2,396
30 years$39,897$28,602$20,113$13,915$9,501$2,033
31 years$38,192$27,038$18,750$12,780$8,590$1,725
32 years$36,596$25,584$17,494$11,745$7,770$1,464
33 years$35,101$24,228$16,335$10,800$7,032$1,243
34 years$33,696$22,963$15,262$9,937$6,367$1,055
35 years$32,375$21,780$14,269$9,148$5,767$896
36 years$31,129$20,672$13,348$8,425$5,225$761
37 years$29,954$19,634$12,494$7,763$4,736$646
38 years$28,843$18,659$11,700$7,155$4,293$549
39 years$27,792$17,743$10,962$6,597$3,893$466
40 years$26,796$16,881$10,274$6,085$3,531$396
41 years$25,851$16,069$9,634$5,614$3,204$336
42 years$24,954$15,304$9,037$5,181$2,907$286
43 years$24,100$14,581$8,480$4,783$2,638$243
44 years$23,288$13,899$7,960$4,416$2,395$206
45 years$22,513$13,254$7,474$4,078$2,174$175
46 years$21,775$12,644$7,020$3,767$1,974$149
47 years$21,070$12,066$6,595$3,481$1,792$126
48 years$20,397$11,519$6,198$3,216$1,628$107
49 years$19,753$11,000$5,825$2,972$1,478$91
50 years$19,136$10,507$5,477$2,747$1,343$78

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 $6,711 every year, while hoping to spend $37,976 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: 60/28/12 Blend
54$19,600,000$19,600,000$19,600,000$19,600,000
55$21,606,122$20,567,322$20,263,522$22,839,538
56$23,769,541$21,534,715$20,901,944$24,637,046
57$26,152,355$22,548,237$21,560,480$26,592,026
58$28,776,903$23,610,109$22,239,765$28,723,619
59$31,667,801$24,722,658$22,940,451$31,048,865
60$34,852,174$25,888,325$23,663,213$33,586,499
61$38,359,912$27,109,669$24,408,746$36,357,123
62$42,223,953$28,389,373$25,177,769$39,383,393
63$46,480,593$29,730,249$25,971,021$42,690,226
64$51,169,828$31,135,246$26,789,266$46,305,028
65$56,335,735$32,607,458$27,633,290$50,257,948
66$62,026,881$34,150,125$28,503,907$54,582,152
67$68,296,789$35,766,646$29,401,954$59,314,133
68$75,204,437$37,460,588$30,328,295$64,494,041
69$82,814,819$39,235,685$31,283,822$70,166,057
70$91,199,554$41,095,858$32,269,454$76,378,802
71$100,437,568$43,045,214$33,286,140$83,185,786
72$110,615,832$45,088,062$34,334,858$90,645,902
73$121,830,189$47,228,919$35,416,617$98,823,972
74$134,186,254$49,472,522$36,532,460$107,791,350
75$147,800,413$51,823,837$37,683,458$117,626,583
76$162,800,922$54,288,071$38,870,721$128,416,140
77$179,329,116$56,870,687$40,095,390$140,255,218
78$197,540,745$59,577,409$41,358,644$153,248,627
79$217,607,441$62,414,243$42,661,699$167,511,765
80$239,718,343$65,387,484$44,005,810$183,171,695
81$264,081,878$68,503,735$45,392,268$200,368,330
82$290,927,730$71,769,918$46,822,409$219,255,735
83$320,509,008$75,193,293$48,297,609$240,003,569
84$353,104,636$78,781,474$49,819,288$262,798,669
85$389,021,984$82,542,442$51,388,910$287,846,795
86$428,599,774$86,484,568$53,007,985$315,374,556
87$472,211,270$90,616,632$54,678,073$345,631,526
88$520,267,811$94,947,838$56,400,779$378,892,585
89$573,222,684$99,487,839$58,177,762$415,460,489
90$631,575,413$104,246,758$60,010,732$455,668,708
91$695,876,467$109,235,210$61,901,453$499,884,548
92$766,732,459$114,464,329$63,851,745$548,512,600
93$844,811,876$119,945,786$65,863,484$601,998,527
94$930,851,383$125,691,826$67,938,606$660,833,249
95$1,025,662,784$131,715,285$70,079,110$725,557,549
96$1,130,140,681$138,029,627$72,287,053$796,767,149
97$1,245,270,923$144,648,972$74,564,562$875,118,303
98$1,372,139,911$151,588,124$76,913,828$961,333,960
99$1,511,944,852$158,862,613$79,337,112$1,056,210,556
100$1,666,005,068$166,488,723$81,836,746$1,160,625,497