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%13.2%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,542,123
2 years$801,262$786,339$771,877$757,855$744,253$723,322
3 years$528,869$513,882$499,455$485,565$472,185$451,782
4 years$392,699$377,757$363,476$349,822$336,766$317,049
5 years$311,018$296,166$282,072$268,697$256,004$237,029
6 years$256,582$241,842$227,956$214,879$202,567$184,358
7 years$217,714$203,099$189,433$176,664$164,742$147,304
8 years$188,577$174,093$160,654$148,199$136,669$120,001
9 years$165,926$151,579$138,371$126,233$115,095$99,190
10 years$147,817$133,610$120,635$108,814$98,067$82,912
11 years$133,009$118,945$106,205$94,701$84,341$69,923
12 years$120,678$106,759$94,254$83,065$73,088$59,391
13 years$110,253$96,479$84,210$73,334$63,734$50,739
14 years$101,324$87,696$75,663$65,098$55,869$43,556
15 years$93,593$80,112$68,314$58,056$49,191$37,541
16 years$86,835$73,501$61,936$51,983$43,475$32,465
17 years$80,879$67,692$56,360$46,706$38,548$28,156
18 years$75,590$62,550$51,449$42,092$34,275$24,478
19 years$70,863$57,971$47,099$38,033$30,550$21,324
20 years$66,614$53,870$43,225$34,446$27,288$18,611
21 years$62,775$50,177$39,759$31,262$24,420$16,267
22 years$59,290$46,839$36,644$28,425$21,889$14,237
23 years$56,112$43,807$33,834$25,887$19,649$12,475
24 years$53,204$41,045$31,291$23,610$17,661$10,943
25 years$50,532$38,518$28,982$21,562$15,892$9,606
26 years$48,070$36,201$26,879$19,715$14,315$8,440
27 years$45,794$34,069$24,960$18,046$12,906$7,420
28 years$43,684$32,103$23,203$16,534$11,645$6,527
29 years$41,724$30,286$21,592$15,162$10,516$5,744
30 years$39,897$28,602$20,113$13,915$9,501$5,058
31 years$38,192$27,038$18,750$12,780$8,590$4,455
32 years$36,596$25,584$17,494$11,745$7,770$3,926
33 years$35,101$24,228$16,335$10,800$7,032$3,460
34 years$33,696$22,963$15,262$9,937$6,367$3,051
35 years$32,375$21,780$14,269$9,148$5,767$2,690
36 years$31,129$20,672$13,348$8,425$5,225$2,373
37 years$29,954$19,634$12,494$7,763$4,736$2,093
38 years$28,843$18,659$11,700$7,155$4,293$1,847
39 years$27,792$17,743$10,962$6,597$3,893$1,630
40 years$26,796$16,881$10,274$6,085$3,531$1,438
41 years$25,851$16,069$9,634$5,614$3,204$1,270
42 years$24,954$15,304$9,037$5,181$2,907$1,121
43 years$24,100$14,581$8,480$4,783$2,638$989
44 years$23,288$13,899$7,960$4,416$2,395$874
45 years$22,513$13,254$7,474$4,078$2,174$771
46 years$21,775$12,644$7,020$3,767$1,974$681
47 years$21,070$12,066$6,595$3,481$1,792$601
48 years$20,397$11,519$6,198$3,216$1,628$531
49 years$19,753$11,000$5,825$2,972$1,478$469
50 years$19,136$10,507$5,477$2,747$1,343$414

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 $2,522 every year, while hoping to spend $41,734 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: 81/11/8 Blend
54$19,600,000$19,600,000$19,600,000$19,600,000
55$21,601,801$20,563,001$20,259,201$23,329,760
56$23,760,781$21,526,184$20,893,480$25,424,754
57$26,138,577$22,535,163$21,547,608$27,717,859
58$28,757,465$23,592,140$22,222,207$30,233,403
59$31,641,992$24,699,421$22,917,916$32,993,614
60$34,819,206$25,859,423$23,635,397$36,022,972
61$38,318,912$27,074,681$24,375,330$39,348,429
62$42,173,954$28,347,854$25,138,417$42,999,669
63$46,420,527$29,681,728$25,925,382$47,009,379
64$51,098,511$31,079,223$26,736,974$51,413,559
65$56,251,857$32,543,403$27,573,960$56,251,855
66$61,928,996$34,077,479$28,437,137$61,567,935
67$68,183,295$35,684,817$29,327,323$67,409,891
68$75,073,566$37,368,948$30,245,363$73,830,698
69$82,664,614$39,133,571$31,192,127$80,888,703
70$91,027,856$40,982,568$32,168,515$88,648,173
71$100,241,990$42,920,006$33,175,452$97,179,903
72$110,393,738$44,950,151$34,213,895$106,561,876
73$121,578,667$47,077,476$35,284,828$116,879,992
74$133,902,088$49,306,670$36,389,267$128,228,881
75$147,480,055$51,642,650$37,528,261$140,712,788
76$162,440,452$54,090,572$38,702,890$154,446,550
77$178,924,209$56,655,840$39,914,267$169,556,680
78$197,086,626$59,344,125$41,163,543$186,182,552
79$217,098,843$62,161,367$42,451,902$204,477,711
80$239,149,451$65,113,800$43,780,567$224,611,319
81$263,446,277$68,207,958$45,150,798$246,769,744
82$290,218,341$71,450,693$46,563,894$271,158,314
83$319,718,024$74,849,189$48,021,197$298,003,247
84$352,223,443$78,410,979$49,524,087$327,553,780
85$388,041,081$82,143,964$51,073,991$360,084,518
86$427,508,679$86,056,427$52,672,378$395,898,012
87$470,998,427$90,157,054$54,320,764$435,327,611
88$518,920,470$94,454,953$56,020,714$478,740,604
89$571,726,787$98,959,675$57,773,838$526,541,669
90$629,915,457$103,681,237$59,581,799$579,176,696
91$694,035,356$108,630,140$61,446,311$637,136,976
92$764,691,344$113,817,398$63,369,144$700,963,837
93$842,549,970$119,254,559$65,352,119$771,253,737
94$928,345,769$124,953,735$67,397,117$848,663,892
95$1,022,888,194$130,927,625$69,506,078$933,918,460
96$1,127,069,258$137,189,547$71,681,000$1,027,815,372
97$1,241,871,955$143,753,467$73,923,945$1,131,233,851
98$1,368,379,538$150,634,030$76,237,041$1,245,142,697
99$1,507,785,749$157,846,596$78,622,480$1,370,609,422
100$1,661,406,085$165,407,269$81,082,523$1,508,810,310