Can I retire at age 56 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,486,320
2 years$776,734$762,268$748,248$734,655$721,470$692,600
3 years$512,679$498,150$484,166$470,701$457,730$429,657
4 years$380,677$366,193$352,349$339,113$326,457$299,397
5 years$301,497$287,100$273,437$260,471$248,167$222,198
6 years$248,727$234,439$220,978$208,301$196,366$171,516
7 years$211,050$196,881$183,634$171,256$159,698$135,973
8 years$182,804$168,764$155,736$143,662$132,485$109,879
9 years$160,847$146,939$134,135$122,368$111,572$90,070
10 years$143,292$129,520$116,942$105,483$95,065$74,648
11 years$128,937$115,304$102,954$91,802$81,759$62,403
12 years$116,984$103,490$91,369$80,522$70,850$52,528
13 years$106,878$93,525$81,632$71,089$61,783$44,465
14 years$98,223$85,012$73,347$63,105$54,159$37,813
15 years$90,728$77,660$66,222$56,279$47,686$32,279
16 years$84,177$71,251$60,040$50,391$42,145$27,643
17 years$78,403$65,620$54,634$45,276$37,368$23,736
18 years$73,276$60,636$49,874$40,803$33,226$20,427
19 years$68,694$56,197$45,657$36,869$29,615$17,614
20 years$64,575$52,221$41,902$33,392$26,453$15,212
21 years$60,853$48,641$38,542$30,305$23,672$13,157
22 years$57,475$45,405$35,522$27,554$21,219$11,393
23 years$54,394$42,466$32,798$25,094$19,047$9,875
24 years$51,575$39,788$30,333$22,888$17,120$8,567
25 years$48,985$37,339$28,094$20,902$15,406$7,439
26 years$46,598$35,093$26,056$19,112$13,877$6,463
27 years$44,392$33,026$24,195$17,494$12,511$5,618
28 years$42,347$31,121$22,493$16,028$11,289$4,886
29 years$40,446$29,359$20,931$14,698$10,194$4,251
30 years$38,676$27,726$19,497$13,489$9,211$3,701
31 years$37,023$26,211$18,176$12,389$8,327$3,222
32 years$35,476$24,800$16,959$11,385$7,533$2,806
33 years$34,026$23,486$15,835$10,470$6,817$2,445
34 years$32,665$22,260$14,795$9,633$6,172$2,130
35 years$31,384$21,113$13,832$8,868$5,590$1,857
36 years$30,176$20,039$12,940$8,167$5,065$1,618
37 years$29,037$19,033$12,111$7,525$4,591$1,411
38 years$27,961$18,088$11,342$6,936$4,162$1,230
39 years$26,942$17,200$10,626$6,395$3,774$1,073
40 years$25,976$16,364$9,960$5,899$3,423$935
41 years$25,060$15,577$9,339$5,442$3,106$816
42 years$24,190$14,835$8,760$5,023$2,818$711
43 years$23,362$14,135$8,220$4,636$2,558$621
44 years$22,575$13,474$7,716$4,281$2,321$541
45 years$21,824$12,848$7,245$3,954$2,107$472
46 years$21,108$12,257$6,805$3,652$1,913$412
47 years$20,425$11,697$6,393$3,374$1,738$359
48 years$19,772$11,166$6,008$3,118$1,578$313
49 years$19,148$10,663$5,647$2,881$1,433$274
50 years$18,551$10,186$5,309$2,663$1,302$239

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $19,000,000, adding $3,732 every year, while hoping to spend $37,912 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: 73/17/10 Blend
55$19,000,000$19,000,000$19,000,000$19,000,000
56$20,941,850$19,934,850$19,640,350$22,431,361
57$23,037,580$20,871,319$20,257,963$24,351,929
58$25,345,805$21,852,405$20,894,996$26,449,707
59$27,888,157$22,880,253$21,552,059$28,746,245
60$30,688,478$23,957,115$22,229,782$31,261,187
61$33,773,037$25,085,347$22,928,814$34,016,154
62$37,170,782$26,267,425$23,649,824$37,034,944
63$40,913,614$27,505,941$24,393,505$40,343,754
64$45,036,684$28,803,613$25,160,569$43,971,421
65$49,578,728$30,163,292$25,951,751$47,949,690
66$54,582,432$31,587,968$26,767,809$52,313,512
67$60,094,835$33,080,773$27,609,524$57,101,367
68$66,167,770$34,644,992$28,477,705$62,355,624
69$72,858,356$36,284,071$29,373,183$68,122,932
70$80,229,540$38,001,622$30,296,815$74,454,661
71$88,350,682$39,801,430$31,249,488$81,407,377
72$97,298,219$41,687,468$32,232,113$89,043,373
73$107,156,382$43,663,898$33,245,633$97,431,249
74$118,017,990$45,735,087$34,291,019$106,646,554
75$129,985,329$47,905,610$35,369,273$116,772,492
76$143,171,117$50,180,269$36,481,428$127,900,703
77$157,699,564$52,564,096$37,628,549$140,132,118
78$173,707,550$55,062,367$38,811,736$153,577,905
79$191,345,914$57,680,616$40,032,122$168,360,513
80$210,780,877$60,424,646$41,290,878$184,614,815
81$232,195,613$63,300,540$42,589,209$202,489,377
82$255,791,977$66,314,679$43,928,359$222,147,851
83$281,792,411$69,473,751$45,309,612$243,770,508
84$310,442,044$72,784,771$46,734,291$267,555,932
85$342,011,004$76,255,096$48,203,761$293,722,883
86$376,796,969$79,892,439$49,719,430$322,512,353
87$415,127,980$83,704,888$51,282,750$354,189,830
88$457,365,532$87,700,925$52,895,220$389,047,791
89$503,907,990$91,889,445$54,558,385$427,408,450
90$555,194,352$96,279,775$56,273,837$469,626,791
91$611,708,386$100,881,694$58,043,221$516,093,902
92$673,983,205$105,705,460$59,868,232$567,240,654
93$742,606,293$110,761,829$61,750,619$623,541,754
94$818,225,055$116,062,078$63,692,185$685,520,212
95$901,552,928$121,618,037$65,694,790$753,752,261
96$993,376,114$127,442,109$67,760,353$828,872,780
97$1,094,561,007$133,547,301$69,890,854$911,581,271
98$1,206,062,365$139,947,255$72,088,333$1,002,648,446
99$1,328,932,330$146,656,274$74,354,896$1,102,923,477
100$1,464,330,357$153,689,361$76,692,714$1,213,342,000