Can I retire at age 56 with 19,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,512,461
2 years$797,174$782,328$767,939$753,988$740,456$697,951
3 years$526,170$511,260$496,907$483,087$469,776$428,594
4 years$390,695$375,830$361,621$348,037$335,048$295,506
5 years$309,431$294,655$280,633$267,326$254,698$216,904
6 years$255,273$240,608$226,793$213,783$201,534$165,523
7 years$216,603$202,062$188,466$175,763$163,901$129,676
8 years$187,615$173,205$159,834$147,443$135,972$103,514
9 years$165,080$150,806$137,665$125,589$114,508$83,787
10 years$147,062$132,928$120,020$108,259$97,566$68,543
11 years$132,330$118,338$105,663$94,217$83,910$56,539
12 years$120,063$106,214$93,774$82,641$72,715$46,944
13 years$109,690$95,986$83,780$72,960$63,409$39,184
14 years$100,807$87,249$75,277$64,766$55,584$32,848
15 years$93,116$79,703$67,965$57,760$48,940$27,633
16 years$86,392$73,126$61,620$51,717$43,254$23,314
17 years$80,466$67,347$56,072$46,468$38,352$19,717
18 years$75,204$62,231$51,187$41,877$34,101$16,709
19 years$70,501$57,675$46,859$37,839$30,395$14,183
20 years$66,274$53,595$43,005$34,271$27,149$12,057
21 years$62,455$49,921$39,556$31,103$24,295$10,261
22 years$58,987$46,600$36,457$28,280$21,777$8,742
23 years$55,826$43,584$33,662$25,755$19,549$7,454
24 years$52,932$40,835$31,131$23,490$17,571$6,361
25 years$50,274$38,322$28,834$21,452$15,811$5,431
26 years$47,824$36,016$26,742$19,615$14,242$4,639
27 years$45,560$33,896$24,832$17,954$12,840$3,965
28 years$43,461$31,940$23,085$16,450$11,586$3,390
29 years$41,511$30,131$21,482$15,085$10,462$2,899
30 years$39,694$28,456$20,010$13,844$9,453$2,480
31 years$37,997$26,900$18,655$12,715$8,546$2,122
32 years$36,410$25,453$17,405$11,685$7,731$1,817
33 years$34,922$24,105$16,251$10,745$6,996$1,555
34 years$33,524$22,846$15,184$9,887$6,334$1,331
35 years$32,209$21,669$14,196$9,101$5,737$1,140
36 years$30,971$20,567$13,280$8,382$5,198$976
37 years$29,801$19,534$12,430$7,723$4,711$836
38 years$28,696$18,564$11,640$7,118$4,271$716
39 years$27,651$17,653$10,906$6,564$3,873$613
40 years$26,660$16,795$10,222$6,054$3,513$525
41 years$25,719$15,987$9,585$5,585$3,187$450
42 years$24,826$15,226$8,991$5,155$2,892$386
43 years$23,977$14,507$8,437$4,758$2,625$330
44 years$23,169$13,828$7,919$4,394$2,383$283
45 years$22,399$13,186$7,436$4,058$2,163$242
46 years$21,664$12,579$6,984$3,748$1,964$208
47 years$20,963$12,005$6,561$3,463$1,783$178
48 years$20,293$11,460$6,166$3,200$1,619$152
49 years$19,652$10,944$5,796$2,957$1,471$131
50 years$19,039$10,454$5,449$2,733$1,336$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $19,500,000, adding $6,880 every year, while hoping to spend $55,399 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: 30/45/25 Blend
55$19,500,000$19,500,000$19,500,000$19,500,000
56$21,496,097$20,462,597$20,160,347$21,974,475
57$23,629,754$21,406,320$20,776,774$23,288,646
58$25,979,189$22,394,429$21,411,995$24,696,044
59$28,566,350$23,429,040$22,066,581$26,208,994
60$31,415,426$24,512,371$22,741,120$27,836,689
61$34,553,070$25,646,748$23,436,218$29,589,197
62$38,008,652$26,834,607$24,152,500$31,477,539
63$41,814,534$28,078,503$24,890,609$33,513,786
64$46,006,381$29,381,114$25,651,208$35,711,164
65$50,623,489$30,745,245$26,434,981$38,084,167
66$55,709,162$32,173,840$27,242,630$40,648,680
67$61,311,119$33,669,981$28,074,881$43,422,123
68$67,481,944$35,236,901$28,932,481$46,423,599
69$74,279,582$36,877,988$29,816,198$49,674,063
70$81,767,885$38,596,795$30,726,826$53,196,507
71$90,017,216$40,397,044$31,665,181$57,016,160
72$99,105,112$42,282,640$32,632,105$61,160,718
73$109,117,017$44,257,673$33,628,465$65,660,583
74$120,147,087$46,326,433$34,655,152$70,549,139
75$132,299,078$48,493,417$35,713,088$75,863,048
76$145,687,328$50,763,338$36,803,220$81,642,580
77$160,437,832$53,141,137$37,926,524$87,931,975
78$176,689,434$55,631,997$39,084,007$94,779,841
79$194,595,139$58,241,347$40,276,703$102,239,591
80$214,323,552$60,974,883$41,505,682$110,369,931
81$236,060,475$63,838,572$42,772,042$119,235,389
82$260,010,654$66,838,673$44,076,917$128,906,902
83$286,399,721$69,981,748$45,421,474$139,462,462
84$315,476,314$73,274,675$46,806,914$150,987,826
85$347,514,429$76,724,665$48,234,477$163,577,304
86$382,816,008$80,339,281$49,705,439$177,334,615
87$421,713,783$84,126,448$51,221,114$192,373,843
88$464,574,424$88,094,479$52,782,856$208,820,482
89$511,801,994$92,252,087$54,392,060$226,812,589
90$563,841,766$96,608,408$56,050,164$246,502,058
91$621,184,429$101,173,023$57,758,646$268,056,013
92$684,370,713$105,955,974$59,519,034$291,658,356
93$753,996,501$110,967,791$61,332,896$317,511,462
94$830,718,448$116,219,517$63,201,853$345,838,053
95$915,260,185$121,722,728$65,127,570$376,883,256
96$1,008,419,145$127,489,563$67,111,764$410,916,877
97$1,111,074,095$133,532,749$69,156,206$448,235,902
98$1,224,193,430$139,865,632$71,262,716$489,167,253
99$1,348,844,316$146,502,203$73,433,173$534,070,825
100$1,486,202,761$153,457,136$75,669,509$583,342,833