Can I retire at age 55 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,544,395
2 years$817,615$802,387$787,630$773,321$759,442$709,089
3 years$539,662$524,369$509,648$495,474$481,821$433,127
4 years$400,713$385,467$370,894$356,961$343,639$296,978
5 years$317,365$302,211$287,829$274,180$261,229$216,725
6 years$261,818$246,778$232,608$219,264$206,701$164,394
7 years$222,157$207,243$193,299$180,269$168,104$127,988
8 years$192,425$177,646$163,933$151,223$139,458$101,508
9 years$169,313$154,673$141,195$128,809$117,444$81,616
10 years$150,833$136,336$123,097$111,034$100,068$66,309
11 years$135,724$121,372$108,373$96,633$86,062$54,310
12 years$123,141$108,937$96,178$84,760$74,579$44,767
13 years$112,503$98,447$85,929$74,831$65,035$37,090
14 years$103,392$89,486$77,207$66,426$57,009$30,856
15 years$95,503$81,747$69,708$59,241$50,195$25,757
16 years$88,608$75,001$63,201$53,044$44,363$21,560
17 years$82,529$69,073$57,510$47,659$39,335$18,088
18 years$77,132$63,827$52,499$42,951$34,975$15,203
19 years$72,309$59,154$48,060$38,809$31,174$12,799
20 years$67,974$54,969$44,107$35,149$27,845$10,789
21 years$64,056$51,201$40,570$31,900$24,918$9,105
22 years$60,500$47,795$37,392$29,005$22,336$7,691
23 years$57,257$44,701$34,525$26,415$20,050$6,501
24 years$54,289$41,882$31,930$24,092$18,021$5,499
25 years$51,563$39,304$29,573$22,002$16,216$4,654
26 years$49,051$36,940$27,428$20,118$14,607$3,941
27 years$46,728$34,765$25,469$18,414$13,170$3,338
28 years$44,576$32,759$23,677$16,871$11,883$2,828
29 years$42,575$30,904$22,033$15,471$10,730$2,397
30 years$40,711$29,186$20,523$14,199$9,695$2,032
31 years$38,971$27,590$19,133$13,041$8,766$1,723
32 years$37,343$26,106$17,851$11,985$7,929$1,462
33 years$35,817$24,723$16,668$11,021$7,176$1,240
34 years$34,384$23,431$15,574$10,140$6,497$1,052
35 years$33,035$22,224$14,560$9,335$5,884$892
36 years$31,765$21,094$13,621$8,597$5,332$757
37 years$30,565$20,035$12,749$7,921$4,832$642
38 years$29,432$19,040$11,939$7,301$4,381$545
39 years$28,360$18,105$11,185$6,732$3,973$463
40 years$27,343$17,226$10,484$6,209$3,603$393
41 years$26,379$16,397$9,831$5,729$3,269$333
42 years$25,463$15,616$9,221$5,287$2,966$283
43 years$24,592$14,879$8,653$4,880$2,692$240
44 years$23,763$14,183$8,122$4,506$2,444$204
45 years$22,973$13,525$7,627$4,162$2,218$173
46 years$22,219$12,902$7,163$3,844$2,014$147
47 years$21,500$12,312$6,730$3,552$1,829$125
48 years$20,813$11,754$6,324$3,282$1,661$106
49 years$20,156$11,224$5,944$3,033$1,509$90
50 years$19,527$10,722$5,588$2,803$1,370$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $20,000,000, adding $6,557 every year, while hoping to spend $55,846 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: 39/39/22 Blend
54$20,000,000$20,000,000$20,000,000$20,000,000
55$22,046,764$20,986,764$20,676,764$22,761,980
56$24,236,114$21,955,695$21,310,015$24,247,687
57$26,646,906$22,970,233$21,962,609$25,847,359
58$29,301,668$24,032,552$22,635,135$27,575,968
59$32,225,225$25,144,934$23,328,198$29,445,254
60$35,444,930$26,309,768$24,042,425$31,468,094
61$38,990,926$27,529,559$24,778,459$33,658,614
62$42,896,428$28,806,935$25,536,965$36,032,314
63$47,198,036$30,144,648$26,318,627$38,606,207
64$51,936,084$31,545,583$27,124,148$41,398,967
65$57,155,013$33,012,766$27,954,256$44,431,098
66$62,903,798$34,549,365$28,809,698$47,725,115
67$69,236,408$36,158,706$29,691,245$51,305,748
68$76,212,311$37,844,272$30,599,691$55,200,161
69$83,897,040$39,609,715$31,535,854$59,438,200
70$92,362,811$41,458,864$32,500,577$64,052,659
71$101,689,200$43,395,731$33,494,730$69,079,578
72$111,963,901$45,424,524$34,519,206$74,558,571
73$123,283,548$47,549,654$35,574,927$80,533,184
74$135,754,627$49,775,745$36,662,845$87,051,290
75$149,494,485$52,107,642$37,783,936$94,165,528
76$164,632,434$54,550,429$38,939,210$101,933,782
77$181,310,974$57,109,431$40,129,705$110,419,712
78$199,687,135$59,790,235$41,356,492$119,693,335
79$219,933,961$62,598,695$42,620,673$129,831,667
80$242,242,144$65,540,950$43,923,384$140,919,434
81$266,821,821$68,623,435$45,265,796$153,049,849
82$293,904,562$71,852,898$46,649,115$166,325,469
83$323,745,549$75,236,412$48,074,582$180,859,145
84$356,625,993$78,781,395$49,543,479$196,775,059
85$392,855,782$82,495,621$51,057,123$214,209,878
86$432,776,409$86,387,243$52,616,874$233,314,011
87$476,764,193$90,464,808$54,224,130$254,253,011
88$525,233,836$94,737,279$55,880,333$277,209,100
89$578,642,334$99,214,052$57,586,970$302,382,869
90$637,493,289$103,904,978$59,345,571$329,995,135
91$702,341,669$108,820,386$61,157,712$360,288,997
92$773,799,041$113,971,107$63,025,018$393,532,095
93$852,539,349$119,368,497$64,949,162$430,019,102
94$939,305,272$125,024,463$66,931,868$470,074,471
95$1,034,915,237$130,951,489$68,974,913$514,055,457
96$1,140,271,144$137,162,665$71,080,125$562,355,451
97$1,256,366,882$143,671,717$73,249,391$615,407,650
98$1,384,297,710$150,493,037$75,484,651$673,689,105
99$1,525,270,597$157,641,716$77,787,908$737,725,176
100$1,680,615,615$165,133,578$80,161,220$808,094,445