Can I retire at age 56 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,487,367
2 years$793,086$778,316$764,001$750,121$736,659$677,307
3 years$523,472$508,638$494,359$480,610$467,367$410,148
4 years$388,691$373,903$359,767$346,252$333,330$278,680
5 years$307,844$293,144$279,194$265,955$253,392$201,451
6 years$253,964$239,374$225,630$212,686$200,500$151,303
7 years$215,493$201,026$187,500$174,861$163,061$116,591
8 years$186,653$172,317$159,015$146,687$135,274$91,488
9 years$164,233$150,033$136,959$124,945$113,921$72,753
10 years$146,308$132,246$119,404$107,703$97,066$58,440
11 years$131,652$117,731$105,121$93,734$83,480$47,309
12 years$119,447$105,669$93,293$82,218$72,342$38,531
13 years$109,128$95,494$83,351$72,586$63,084$31,534
14 years$100,290$86,801$74,891$64,434$55,299$25,907
15 years$92,638$79,295$67,617$57,463$48,689$21,350
16 years$85,949$72,751$61,304$51,452$43,032$17,640
17 years$80,053$67,001$55,784$46,229$38,155$14,604
18 years$74,818$61,912$50,924$41,662$33,926$12,111
19 years$70,140$57,380$46,619$37,645$30,239$10,058
20 years$65,934$53,320$42,784$34,095$27,010$8,362
21 years$62,135$49,665$39,353$30,943$24,171$6,959
22 years$58,685$46,361$36,270$28,135$21,666$5,796
23 years$55,539$43,360$33,489$25,623$19,448$4,831
24 years$52,661$40,626$30,972$23,369$17,481$4,028
25 years$50,016$38,125$28,686$21,342$15,730$3,360
26 years$47,579$35,832$26,605$19,514$14,169$2,804
27 years$45,326$33,722$24,705$17,862$12,774$2,341
28 years$43,238$31,776$22,966$16,365$11,527$1,955
29 years$41,298$29,977$21,372$15,007$10,408$1,633
30 years$39,490$28,310$19,907$13,773$9,404$1,364
31 years$37,802$26,762$18,559$12,649$8,503$1,139
32 years$36,223$25,323$17,316$11,625$7,691$952
33 years$34,743$23,981$16,168$10,690$6,961$796
34 years$33,352$22,728$15,106$9,836$6,302$665
35 years$32,044$21,558$14,123$9,055$5,708$556
36 years$30,812$20,461$13,212$8,339$5,172$465
37 years$29,648$19,434$12,366$7,683$4,687$388
38 years$28,549$18,469$11,581$7,082$4,249$325
39 years$27,509$17,562$10,850$6,530$3,854$271
40 years$26,523$16,709$10,169$6,023$3,495$227
41 years$25,587$15,905$9,536$5,557$3,171$190
42 years$24,699$15,148$8,945$5,128$2,877$159
43 years$23,854$14,433$8,393$4,734$2,611$133
44 years$23,050$13,757$7,879$4,371$2,370$111
45 years$22,284$13,119$7,398$4,037$2,152$93
46 years$21,553$12,515$6,948$3,729$1,954$77
47 years$20,855$11,943$6,528$3,445$1,774$65
48 years$20,189$11,401$6,134$3,183$1,611$54
49 years$19,551$10,887$5,766$2,942$1,463$45
50 years$18,941$10,400$5,421$2,719$1,329$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $19,400,000, adding $6,163 every year, while hoping to spend $45,318 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: 89/6/5 Blend
55$19,400,000$19,400,000$19,400,000$19,400,000
56$21,385,157$20,356,957$20,056,257$23,291,202
57$23,518,225$21,306,230$20,679,924$25,480,454
58$25,867,347$22,300,498$21,322,964$27,880,379
59$28,454,513$23,341,919$21,985,980$30,517,777
60$31,303,954$24,432,754$22,669,591$33,416,589
61$34,442,370$25,575,372$23,374,435$36,603,183
62$37,899,186$26,772,259$24,101,173$40,106,609
63$41,706,823$28,026,020$24,850,482$43,958,865
64$45,901,010$29,339,386$25,623,064$48,195,201
65$50,521,117$30,715,219$26,419,641$52,854,447
66$55,610,528$32,156,522$27,240,956$57,979,382
67$61,217,051$33,666,441$28,087,777$63,617,133
68$67,393,368$35,248,274$28,960,895$69,819,618
69$74,197,533$36,905,481$29,861,127$76,644,035
70$81,693,519$38,641,688$30,789,313$84,153,399
71$89,951,823$40,460,695$31,746,319$92,417,137
72$99,050,129$42,366,490$32,733,041$101,511,737
73$109,074,044$44,363,249$33,750,399$111,521,471
74$120,117,903$46,455,355$34,799,345$122,539,186
75$132,285,662$48,647,401$35,880,856$134,667,181
76$145,691,879$50,944,203$36,995,944$148,018,166
77$160,462,792$53,350,809$38,145,649$162,716,326
78$176,737,513$55,872,516$39,331,045$178,898,488
79$194,669,343$58,514,873$40,553,238$196,715,413
80$214,427,215$61,283,700$41,813,370$216,333,213
81$236,197,289$64,185,100$43,112,617$237,934,915
82$260,184,714$67,225,472$44,452,191$261,722,190
83$286,615,559$70,411,523$45,833,344$287,917,250
84$315,738,948$73,750,290$47,257,362$316,764,939
85$347,829,413$77,249,147$48,725,577$348,535,049
86$383,189,486$80,915,828$50,239,356$383,524,852
87$422,152,553$84,758,443$51,800,114$422,061,912
88$465,086,002$88,785,495$53,409,307$464,507,165
89$512,394,690$93,005,900$55,068,434$511,258,326
90$564,524,767$97,429,007$56,779,045$562,753,640
91$621,967,884$102,064,620$58,542,734$619,476,008
92$685,265,840$106,923,018$60,361,147$681,957,547
93$755,015,690$112,014,980$62,235,980$750,784,604
94$831,875,386$117,351,810$64,168,981$826,603,287
95$916,569,986$122,945,359$66,161,952$910,125,558
96$1,009,898,499$128,808,056$68,216,752$1,002,135,948
97$1,112,741,429$134,952,934$70,335,297$1,103,498,957
98$1,226,069,087$141,393,660$72,519,561$1,215,167,209
99$1,350,950,749$148,144,564$74,771,582$1,338,190,437
100$1,488,564,752$155,220,675$77,093,457$1,473,725,386