Can I retire at age 56 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,482,635
2 years$788,998$774,304$760,063$746,255$732,861$676,693
3 years$520,774$506,016$491,811$478,133$464,957$410,761
4 years$386,688$371,975$357,912$344,468$331,612$279,801
5 years$306,257$291,633$277,755$264,584$252,086$202,796
6 years$252,655$238,140$224,467$211,590$199,467$152,733
7 years$214,382$199,990$186,533$173,960$162,220$118,030
8 years$185,691$171,428$158,195$145,931$134,577$92,893
9 years$163,387$149,259$136,253$124,301$113,333$74,098
10 years$145,554$131,565$118,789$107,148$96,566$59,709
11 years$130,973$117,124$104,580$93,251$83,050$48,494
12 years$118,831$105,124$92,812$81,794$71,969$39,629
13 years$108,565$95,002$82,921$72,212$62,759$32,543
14 years$99,774$86,354$74,505$64,101$55,014$26,830
15 years$92,161$78,886$67,268$57,167$48,438$22,190
16 years$85,506$72,376$60,988$51,187$42,810$18,400
17 years$79,641$66,656$55,497$45,991$37,958$15,290
18 years$74,433$61,593$50,662$41,447$33,751$12,728
19 years$69,778$57,084$46,378$37,451$30,083$10,610
20 years$65,595$53,045$42,564$33,919$26,871$8,855
21 years$61,814$49,409$39,150$30,784$24,046$7,398
22 years$58,382$46,122$36,083$27,990$21,554$6,186
23 years$55,253$43,137$33,316$25,491$19,348$5,176
24 years$52,389$40,416$30,812$23,249$17,390$4,333
25 years$49,758$37,929$28,538$21,232$15,649$3,629
26 years$47,334$35,647$26,468$19,414$14,096$3,041
27 years$45,093$33,548$24,578$17,770$12,709$2,549
28 years$43,015$31,612$22,848$16,281$11,467$2,137
29 years$41,085$29,822$21,262$14,930$10,355$1,792
30 years$39,286$28,164$19,805$13,702$9,356$1,503
31 years$37,607$26,624$18,463$12,584$8,459$1,261
32 years$36,036$25,192$17,227$11,565$7,652$1,058
33 years$34,563$23,857$16,085$10,635$6,925$888
34 years$33,180$22,611$15,029$9,785$6,269$745
35 years$31,879$21,446$14,051$9,008$5,678$625
36 years$30,653$20,356$13,144$8,296$5,145$525
37 years$29,496$19,333$12,303$7,644$4,663$441
38 years$28,402$18,374$11,521$7,045$4,228$370
39 years$27,367$17,471$10,794$6,496$3,834$310
40 years$26,386$16,623$10,117$5,992$3,477$261
41 years$25,456$15,823$9,487$5,528$3,155$219
42 years$24,572$15,070$8,899$5,102$2,863$184
43 years$23,731$14,358$8,350$4,710$2,598$154
44 years$22,931$13,686$7,838$4,349$2,358$129
45 years$22,169$13,051$7,360$4,016$2,141$109
46 years$21,442$12,450$6,912$3,710$1,944$91
47 years$20,748$11,881$6,494$3,427$1,765$77
48 years$20,085$11,342$6,103$3,167$1,603$64
49 years$19,450$10,831$5,736$2,927$1,456$54
50 years$18,844$10,347$5,393$2,705$1,322$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $19,300,000, adding $6,312 every year, while hoping to spend $24,888 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: 45/26/29 Blend
55$19,300,000$19,300,000$19,300,000$19,300,000
56$21,275,111$20,252,211$19,953,061$22,053,702
57$23,418,691$21,218,089$20,595,008$23,574,793
58$25,780,083$22,230,460$21,257,626$25,220,575
59$28,381,477$23,291,577$21,941,581$27,005,066
60$31,247,324$24,403,802$22,647,561$28,941,242
61$34,404,573$25,569,610$23,376,276$31,043,353
62$37,882,917$26,791,599$24,128,459$33,327,054
63$41,715,078$28,072,490$24,904,866$35,809,541
64$45,937,115$29,415,141$25,706,278$38,509,707
65$50,588,763$30,822,545$26,533,500$41,448,316
66$55,713,810$32,297,843$27,387,366$44,648,189
67$61,360,509$33,844,328$28,268,733$48,134,410
68$67,582,034$35,465,453$29,178,489$51,934,555
69$74,436,982$37,164,840$30,117,548$56,078,945
70$81,989,923$38,946,287$31,086,855$60,600,919
71$90,312,017$40,813,776$32,087,386$65,537,144
72$99,481,676$42,771,485$33,120,147$70,927,945
73$109,585,312$44,823,793$34,186,178$76,817,681
74$120,718,150$46,975,294$35,286,550$83,255,147
75$132,985,123$49,230,806$36,422,371$90,294,027
76$146,501,870$51,595,379$37,594,785$97,993,385
77$161,395,821$54,074,313$38,804,971$106,418,213
78$177,807,404$56,673,164$40,054,147$115,640,031
79$195,891,369$59,397,759$41,343,570$125,737,544
80$215,818,248$62,254,208$42,674,539$136,797,375
81$237,775,966$65,248,922$44,048,393$148,914,867
82$261,971,616$68,388,620$45,466,516$162,194,964
83$288,633,411$71,680,352$46,930,334$176,753,187
84$318,012,840$75,131,511$48,441,322$192,716,708
85$350,387,044$78,749,850$50,001,000$210,225,533
86$386,061,430$82,543,499$51,610,941$229,433,799
87$425,372,552$86,520,987$53,272,763$250,511,218
88$468,691,293$90,691,257$54,988,142$273,644,651
89$516,426,365$95,063,688$56,758,805$299,039,853
90$569,028,163$99,648,118$58,586,534$326,923,394
91$626,993,024$104,454,863$60,473,171$357,544,772
92$690,867,906$109,494,745$62,420,615$391,178,746
93$761,255,556$114,779,112$64,430,830$428,127,900
94$838,820,199$120,319,864$66,505,839$468,725,476
95$924,293,808$126,129,486$68,647,733$513,338,492
96$1,018,483,014$132,221,068$70,858,669$562,371,174
97$1,122,276,723$138,608,342$73,140,877$616,268,742
98$1,236,654,506$145,305,709$75,496,654$675,521,584
99$1,362,695,849$152,328,271$77,928,374$740,669,846
100$1,501,590,339$159,691,870$80,438,489$812,308,500