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%13.1%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,574,247
2 years$817,615$802,387$787,630$773,321$759,442$738,736
3 years$539,662$524,369$509,648$495,474$481,821$461,634
4 years$400,713$385,467$370,894$356,961$343,639$324,126
5 years$317,365$302,211$287,829$274,180$261,229$242,447
6 years$261,818$246,778$232,608$219,264$206,701$188,674
7 years$222,157$207,243$193,299$180,269$168,104$150,836
8 years$192,425$177,646$163,933$151,223$139,458$122,950
9 years$169,313$154,673$141,195$128,809$117,444$101,687
10 years$150,833$136,336$123,097$111,034$100,068$85,051
11 years$135,724$121,372$108,373$96,633$86,062$71,772
12 years$123,141$108,937$96,178$84,760$74,579$61,000
13 years$112,503$98,447$85,929$74,831$65,035$52,148
14 years$103,392$89,486$77,207$66,426$57,009$44,796
15 years$95,503$81,747$69,708$59,241$50,195$38,635
16 years$88,608$75,001$63,201$53,044$44,363$33,435
17 years$82,529$69,073$57,510$47,659$39,335$29,017
18 years$77,132$63,827$52,499$42,951$34,975$25,245
19 years$72,309$59,154$48,060$38,809$31,174$22,009
20 years$67,974$54,969$44,107$35,149$27,845$19,222
21 years$64,056$51,201$40,570$31,900$24,918$16,814
22 years$60,500$47,795$37,392$29,005$22,336$14,727
23 years$57,257$44,701$34,525$26,415$20,050$12,915
24 years$54,289$41,882$31,930$24,092$18,021$11,337
25 years$51,563$39,304$29,573$22,002$16,216$9,960
26 years$49,051$36,940$27,428$20,118$14,607$8,757
27 years$46,728$34,765$25,469$18,414$13,170$7,705
28 years$44,576$32,759$23,677$16,871$11,883$6,783
29 years$42,575$30,904$22,033$15,471$10,730$5,975
30 years$40,711$29,186$20,523$14,199$9,695$5,265
31 years$38,971$27,590$19,133$13,041$8,766$4,642
32 years$37,343$26,106$17,851$11,985$7,929$4,093
33 years$35,817$24,723$16,668$11,021$7,176$3,611
34 years$34,384$23,431$15,574$10,140$6,497$3,186
35 years$33,035$22,224$14,560$9,335$5,884$2,812
36 years$31,765$21,094$13,621$8,597$5,332$2,482
37 years$30,565$20,035$12,749$7,921$4,832$2,192
38 years$29,432$19,040$11,939$7,301$4,381$1,936
39 years$28,360$18,105$11,185$6,732$3,973$1,710
40 years$27,343$17,226$10,484$6,209$3,603$1,510
41 years$26,379$16,397$9,831$5,729$3,269$1,334
42 years$25,463$15,616$9,221$5,287$2,966$1,179
43 years$24,592$14,879$8,653$4,880$2,692$1,041
44 years$23,763$14,183$8,122$4,506$2,444$920
45 years$22,973$13,525$7,627$4,162$2,218$813
46 years$22,219$12,902$7,163$3,844$2,014$719
47 years$21,500$12,312$6,730$3,552$1,829$635
48 years$20,813$11,754$6,324$3,282$1,661$561
49 years$20,156$11,224$5,944$3,033$1,509$496
50 years$19,527$10,722$5,588$2,803$1,370$439

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 $5,214 every year, while hoping to spend $22,662 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: 48/44/8 Blend
54$20,000,000$20,000,000$20,000,000$20,000,000
55$22,045,378$20,985,378$20,675,378$23,056,181
56$24,269,895$21,989,550$21,343,891$24,753,778
57$26,720,552$23,042,166$22,034,040$26,593,040
58$29,420,393$24,145,577$22,746,525$28,589,404
59$32,394,810$25,302,247$23,482,070$30,757,498
60$35,671,784$26,514,760$24,241,423$33,113,378
61$39,282,149$27,785,826$25,025,354$35,674,669
62$43,259,884$29,118,288$25,834,659$38,460,721
63$47,642,434$30,515,126$26,670,162$41,492,785
64$52,471,060$31,979,464$27,532,710$44,794,200
65$57,791,232$33,514,583$28,423,180$48,390,603
66$63,653,058$35,123,917$29,342,477$52,310,160
67$70,111,755$36,811,074$30,291,534$56,583,820
68$77,228,170$38,579,832$31,271,317$61,245,594
69$85,069,358$40,434,158$32,282,820$66,332,863
70$93,709,209$42,378,210$33,327,072$71,886,717
71$103,229,154$44,416,347$34,405,134$77,952,329
72$113,718,923$46,553,143$35,518,101$84,579,366
73$125,277,401$48,793,395$36,667,106$91,822,440
74$138,013,557$51,142,133$37,853,315$99,741,611
75$152,047,474$53,604,631$39,077,935$108,402,931
76$167,511,481$56,186,423$40,342,210$117,879,054
77$184,551,404$58,893,310$41,647,426$128,249,901
78$203,327,943$61,731,377$42,994,910$139,603,394
79$224,018,185$64,707,008$44,386,033$152,036,265
80$246,817,283$67,826,894$45,822,208$165,654,947
81$271,940,290$71,098,055$47,304,895$180,576,555
82$299,624,194$74,527,855$48,835,604$196,929,971
83$330,130,155$78,124,013$50,415,890$214,857,030
84$363,745,970$81,894,628$52,047,361$234,513,835
85$400,788,788$85,848,194$53,731,677$256,072,203
86$441,608,106$89,993,617$55,470,549$279,721,258
87$486,589,068$94,340,240$57,265,749$305,669,183
88$536,156,102$98,897,861$59,119,100$334,145,158
89$590,776,925$103,676,756$61,032,491$365,401,484
90$650,966,958$108,687,704$63,007,866$399,715,935
91$717,294,194$113,942,008$65,047,235$437,394,341
92$790,384,559$119,451,524$67,152,675$478,773,435
93$870,927,822$125,228,686$69,326,327$524,223,994
94$959,684,104$131,286,536$71,570,404$574,154,294
95$1,057,491,060$137,638,753$73,887,189$629,013,923
96$1,165,271,778$144,299,683$76,279,041$689,297,975
97$1,284,043,504$151,284,372$78,748,393$755,551,679
98$1,414,927,238$158,608,602$81,297,760$828,375,490
99$1,559,158,317$166,288,925$83,929,737$908,430,708
100$1,718,098,085$174,342,702$86,647,002$996,445,663