Can I retire at age 55 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,514,566
2 years$805,350$790,351$775,815$761,721$748,050$691,899
3 years$531,567$516,503$502,004$488,042$474,594$420,395
4 years$394,702$379,685$365,330$351,607$338,484$286,652
5 years$312,605$297,677$283,511$270,068$257,310$207,981
6 years$257,891$243,076$229,119$215,975$203,601$156,810
7 years$218,825$204,135$190,399$177,565$165,582$121,320
8 years$189,539$174,981$161,474$148,955$137,366$95,595
9 years$166,773$152,353$139,077$126,877$115,682$76,347
10 years$148,571$134,291$121,251$109,369$98,567$61,599
11 years$133,688$119,552$106,747$95,184$84,771$50,094
12 years$121,294$107,303$94,735$83,489$73,461$40,991
13 years$110,815$96,971$84,640$73,708$64,059$33,708
14 years$101,841$88,144$76,049$65,430$56,154$27,829
15 years$94,071$80,521$68,662$58,352$49,442$23,049
16 years$87,278$73,876$62,253$52,248$43,697$19,140
17 years$81,291$68,037$56,647$46,944$38,745$15,929
18 years$75,975$62,870$51,712$42,306$34,450$13,279
19 years$71,225$58,267$47,339$38,227$30,706$11,087
20 years$66,954$54,144$43,446$34,622$27,427$9,267
21 years$63,095$50,433$39,962$31,422$24,544$7,754
22 years$59,592$47,078$36,831$28,570$22,001$6,494
23 years$56,398$44,031$34,007$26,019$19,749$5,442
24 years$53,475$41,254$31,451$23,731$17,751$4,563
25 years$50,790$38,715$29,130$21,672$15,973$3,828
26 years$48,315$36,386$27,016$19,816$14,388$3,213
27 years$46,027$34,243$25,087$18,138$12,972$2,697
28 years$43,907$32,267$23,322$16,618$11,705$2,265
29 years$41,936$30,440$21,703$15,239$10,569$1,903
30 years$40,101$28,748$20,215$13,986$9,550$1,599
31 years$38,387$27,176$18,846$12,845$8,634$1,343
32 years$36,783$25,714$17,584$11,805$7,810$1,129
33 years$35,280$24,352$16,418$10,856$7,068$949
34 years$33,868$23,080$15,340$9,988$6,399$798
35 years$32,540$21,891$14,342$9,195$5,796$671
36 years$31,288$20,778$13,416$8,468$5,252$564
37 years$30,107$19,734$12,558$7,802$4,760$474
38 years$28,991$18,754$11,760$7,191$4,315$399
39 years$27,934$17,834$11,017$6,631$3,913$335
40 years$26,933$16,967$10,327$6,116$3,549$282
41 years$25,983$16,151$9,683$5,643$3,220$237
42 years$25,081$15,382$9,083$5,208$2,922$199
43 years$24,223$14,656$8,523$4,807$2,652$168
44 years$23,406$13,970$8,001$4,439$2,407$141
45 years$22,628$13,322$7,512$4,099$2,185$119
46 years$21,886$12,708$7,056$3,787$1,984$100
47 years$21,178$12,128$6,629$3,498$1,802$84
48 years$20,501$11,577$6,229$3,233$1,636$70
49 years$19,854$11,056$5,855$2,987$1,486$59
50 years$19,234$10,561$5,505$2,761$1,350$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $19,700,000, adding $4,700 every year, while hoping to spend $41,241 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: 53/41/6 Blend
54$19,700,000$19,700,000$19,700,000$19,700,000
55$21,714,248$20,670,148$20,364,798$22,834,900
56$23,885,221$21,639,105$21,003,139$24,562,912
57$26,276,251$22,654,159$21,661,481$26,436,910
58$28,909,741$23,717,525$22,340,453$28,474,581
59$31,810,376$24,831,525$23,040,699$30,691,380
60$35,005,358$25,998,594$23,762,887$33,104,285
61$38,524,664$27,221,284$24,507,703$35,731,943
62$42,401,326$28,502,272$25,275,857$38,594,842
63$46,671,741$29,844,364$26,068,078$41,715,494
64$51,376,022$31,250,501$26,885,122$45,118,637
65$56,558,368$32,723,767$27,727,765$48,831,462
66$62,267,486$34,267,396$28,596,810$52,883,857
67$68,557,049$35,884,778$29,493,082$57,308,681
68$75,486,203$37,579,468$30,417,436$62,142,059
69$83,120,126$39,355,192$31,370,750$67,423,717
70$91,530,640$41,215,857$32,353,931$73,197,340
71$100,796,893$43,165,562$33,367,916$79,510,975
72$111,006,102$45,208,601$34,413,667$86,417,472
73$122,254,381$47,349,478$35,492,181$93,974,963
74$134,647,642$49,592,917$36,604,484$102,247,404
75$148,302,600$51,943,869$37,751,633$111,305,158
76$163,347,873$54,407,526$38,934,720$121,225,647
77$179,925,193$56,989,331$40,154,870$132,094,063
78$198,190,748$59,694,995$41,413,244$144,004,155
79$218,316,655$62,530,500$42,711,039$157,059,100
80$240,492,585$65,502,125$44,049,489$171,372,452
81$264,927,549$68,616,450$45,429,867$187,069,196
82$291,851,878$71,880,376$46,853,487$204,286,909
83$321,519,394$75,301,138$48,321,703$223,177,033
84$354,209,802$78,886,324$49,835,910$243,906,285
85$390,231,338$82,643,890$51,397,549$266,658,203
86$429,923,673$86,582,179$53,008,106$291,634,856
87$473,661,122$90,709,940$54,669,111$319,058,725
88$521,856,175$95,036,345$56,382,145$349,174,772
89$574,963,394$99,571,016$58,148,837$382,252,728
90$633,483,704$104,324,039$59,970,866$418,589,604
91$697,969,117$109,305,992$61,849,965$458,512,468
92$769,027,950$114,527,969$63,787,922$502,381,494
93$847,330,562$120,001,601$65,786,579$550,593,331
94$933,615,687$125,739,086$67,847,836$603,584,806
95$1,028,697,402$131,753,217$69,973,654$661,837,014
96$1,133,472,819$138,057,406$72,166,054$725,879,816
97$1,248,930,550$144,665,722$74,427,119$796,296,802
98$1,376,160,039$151,592,916$76,759,001$873,730,749
99$1,516,361,851$158,854,457$79,163,916$958,889,652
100$1,670,859,003$166,466,569$81,644,150$1,052,553,351