Can I retire at age 56 with 19,100,000?

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 $19,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,463,209
2 years$780,822$766,280$752,186$738,521$725,267$665,700
3 years$515,377$500,772$486,714$473,178$460,139$402,732
4 years$382,681$368,121$354,203$340,898$328,175$273,365
5 years$303,084$288,611$274,876$261,842$249,474$197,400
6 years$250,036$235,673$222,141$209,397$197,400$148,097
7 years$212,160$197,918$184,600$172,157$160,539$113,990
8 years$183,766$169,652$156,556$144,418$133,183$89,341
9 years$161,694$147,712$134,841$123,012$112,159$70,958
10 years$144,046$130,201$117,558$106,038$95,565$56,926
11 years$129,616$115,911$103,496$92,285$82,189$46,023
12 years$117,600$104,035$91,850$80,946$71,223$37,434
13 years$107,440$94,017$82,062$71,463$62,108$30,594
14 years$98,740$85,459$73,733$63,437$54,444$25,099
15 years$91,206$78,068$66,571$56,575$47,936$20,655
16 years$84,620$71,626$60,356$50,657$42,366$17,041
17 years$78,815$65,965$54,922$45,515$37,565$14,087
18 years$73,661$60,955$50,137$41,018$33,401$11,665
19 years$69,055$56,492$45,898$37,063$29,771$9,673
20 years$64,915$52,495$42,123$33,568$26,592$8,030
21 years$61,174$48,897$38,745$30,465$23,797$6,672
22 years$57,777$45,644$35,709$27,700$21,331$5,548
23 years$54,681$42,690$32,971$25,226$19,148$4,617
24 years$51,846$39,998$30,493$23,008$17,210$3,844
25 years$49,243$37,536$28,242$21,012$15,487$3,201
26 years$46,843$35,278$26,193$19,213$13,950$2,667
27 years$44,626$33,200$24,323$17,586$12,577$2,223
28 years$42,570$31,284$22,611$16,112$11,348$1,853
29 years$40,659$29,513$21,042$14,775$10,247$1,545
30 years$38,879$27,872$19,600$13,560$9,259$1,289
31 years$37,218$26,348$18,272$12,454$8,371$1,075
32 years$35,663$24,931$17,048$11,445$7,572$897
33 years$34,205$23,610$15,918$10,525$6,853$748
34 years$32,836$22,377$14,873$9,684$6,205$624
35 years$31,549$21,224$13,905$8,915$5,620$521
36 years$30,335$20,145$13,008$8,210$5,092$435
37 years$29,190$19,133$12,175$7,564$4,615$363
38 years$28,108$18,183$11,401$6,972$4,184$303
39 years$27,083$17,290$10,682$6,429$3,794$253
40 years$26,113$16,450$10,012$5,930$3,441$211
41 years$25,192$15,659$9,388$5,471$3,122$176
42 years$24,317$14,913$8,806$5,049$2,833$147
43 years$23,485$14,209$8,264$4,661$2,571$123
44 years$22,694$13,545$7,757$4,303$2,334$102
45 years$21,939$12,916$7,283$3,974$2,119$85
46 years$21,220$12,321$6,841$3,671$1,924$71
47 years$20,533$11,758$6,427$3,392$1,747$60
48 years$19,876$11,225$6,039$3,134$1,586$50
49 years$19,249$10,719$5,677$2,896$1,441$41
50 years$18,648$10,239$5,337$2,677$1,309$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $19,100,000, adding $3,977 every year, while hoping to spend $57,479 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: 43/43/14 Blend
55$19,100,000$19,100,000$19,100,000$19,100,000
56$21,052,302$20,040,002$19,743,952$21,871,755
57$23,138,480$20,960,805$20,344,217$23,367,053
58$25,435,521$21,924,801$20,962,665$24,979,976
59$27,964,874$22,934,045$21,599,844$26,726,106
60$30,750,170$23,990,693$22,256,318$28,617,697
61$33,817,453$25,097,002$22,932,670$30,668,191
62$37,195,417$26,255,340$23,629,498$32,892,340
63$40,915,684$27,468,186$24,347,421$35,306,338
64$45,013,098$28,738,141$25,087,074$37,927,959
65$49,526,055$30,067,931$25,849,112$40,776,723
66$54,496,864$31,460,411$26,634,209$43,874,064
67$59,972,150$32,918,576$27,443,060$47,243,527
68$66,003,287$34,445,565$28,276,380$50,910,977
69$72,646,891$36,044,666$29,134,907$54,904,830
70$79,965,347$37,719,328$30,019,400$59,256,315
71$88,027,402$39,473,165$30,930,640$63,999,753
72$96,908,814$41,309,966$31,869,433$69,172,865
73$106,693,061$43,233,703$32,836,608$74,817,123
74$117,472,138$45,248,539$33,833,019$80,978,119
75$129,347,417$47,358,839$34,859,545$87,705,987
76$142,430,607$49,569,176$35,917,094$95,055,855
77$156,844,810$51,884,346$37,006,598$103,088,356
78$172,725,680$54,309,378$38,129,018$111,870,176
79$190,222,704$56,849,542$39,285,344$121,474,673
80$209,500,612$59,510,362$40,476,596$131,982,547
81$230,740,936$62,297,631$41,703,823$143,482,581
82$254,143,717$65,217,421$42,968,107$156,072,465
83$279,929,399$68,276,098$44,270,562$169,859,689
84$308,340,906$71,480,335$45,612,334$184,962,542
85$339,645,936$74,837,129$46,994,604$201,511,203
86$374,139,488$78,353,815$48,418,590$219,648,945
87$412,146,647$82,038,083$49,885,544$239,533,464
88$454,025,652$85,897,995$51,396,756$261,338,337
89$500,171,276$89,942,005$52,953,556$285,254,638
90$551,018,557$94,178,974$54,557,310$311,492,709
91$607,046,900$98,618,193$56,209,430$340,284,116
92$668,784,603$103,269,405$57,911,366$371,883,805
93$736,813,849$108,142,821$59,664,612$406,572,469
94$811,776,193$113,249,152$61,470,709$444,659,172
95$894,378,628$118,599,623$63,331,241$486,484,222
96$985,400,251$124,206,008$65,247,840$532,422,349
97$1,085,699,622$130,080,647$67,222,189$582,886,201
98$1,196,222,868$136,236,484$69,256,017$638,330,197
99$1,318,012,615$142,687,086$71,351,107$699,254,777
100$1,452,217,829$149,446,680$73,509,296$766,211,071