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

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,511,241
2 years$797,174$782,328$767,939$753,988$740,456$696,745
3 years$526,170$511,260$496,907$483,087$469,776$427,440
4 years$390,695$375,830$361,621$348,037$335,048$294,413
5 years$309,431$294,655$280,633$267,326$254,698$215,874
6 years$255,273$240,608$226,793$213,783$201,534$164,558
7 years$216,603$202,062$188,466$175,763$163,901$128,773
8 years$187,615$173,205$159,834$147,443$135,972$102,673
9 years$165,080$150,806$137,665$125,589$114,508$83,005
10 years$147,062$132,928$120,020$108,259$97,566$67,819
11 years$132,330$118,338$105,663$94,217$83,910$55,870
12 years$120,063$106,214$93,774$82,641$72,715$46,328
13 years$109,690$95,986$83,780$72,960$63,409$38,617
14 years$100,807$87,249$75,277$64,766$55,584$32,328
15 years$93,116$79,703$67,965$57,760$48,940$27,157
16 years$86,392$73,126$61,620$51,717$43,254$22,880
17 years$80,466$67,347$56,072$46,468$38,352$19,322
18 years$75,204$62,231$51,187$41,877$34,101$16,350
19 years$70,501$57,675$46,859$37,839$30,395$13,858
20 years$66,274$53,595$43,005$34,271$27,149$11,762
21 years$62,455$49,921$39,556$31,103$24,295$9,995
22 years$58,987$46,600$36,457$28,280$21,777$8,502
23 years$55,826$43,584$33,662$25,755$19,549$7,238
24 years$52,932$40,835$31,131$23,490$17,571$6,166
25 years$50,274$38,322$28,834$21,452$15,811$5,257
26 years$47,824$36,016$26,742$19,615$14,242$4,483
27 years$45,560$33,896$24,832$17,954$12,840$3,825
28 years$43,461$31,940$23,085$16,450$11,586$3,265
29 years$41,511$30,131$21,482$15,085$10,462$2,788
30 years$39,694$28,456$20,010$13,844$9,453$2,381
31 years$37,997$26,900$18,655$12,715$8,546$2,034
32 years$36,410$25,453$17,405$11,685$7,731$1,738
33 years$34,922$24,105$16,251$10,745$6,996$1,485
34 years$33,524$22,846$15,184$9,887$6,334$1,270
35 years$32,209$21,669$14,196$9,101$5,737$1,085
36 years$30,971$20,567$13,280$8,382$5,198$928
37 years$29,801$19,534$12,430$7,723$4,711$793
38 years$28,696$18,564$11,640$7,118$4,271$678
39 years$27,651$17,653$10,906$6,564$3,873$580
40 years$26,660$16,795$10,222$6,054$3,513$496
41 years$25,719$15,987$9,585$5,585$3,187$424
42 years$24,826$15,226$8,991$5,155$2,892$363
43 years$23,977$14,507$8,437$4,758$2,625$310
44 years$23,169$13,828$7,919$4,394$2,383$265
45 years$22,399$13,186$7,436$4,058$2,163$227
46 years$21,664$12,579$6,984$3,748$1,964$194
47 years$20,963$12,005$6,561$3,463$1,783$166
48 years$20,293$11,460$6,166$3,200$1,619$142
49 years$19,652$10,944$5,796$2,957$1,471$121
50 years$19,039$10,454$5,449$2,733$1,336$104

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 $3,773 every year, while hoping to spend $54,955 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: 43/33/24 Blend
55$19,500,000$19,500,000$19,500,000$19,500,000
56$21,492,892$20,459,392$20,157,142$22,266,562
57$23,626,695$21,403,430$20,773,934$23,761,718
58$25,976,304$22,391,885$21,409,548$25,375,060
59$28,563,674$23,426,874$22,064,554$27,121,990
60$31,412,996$24,510,617$22,739,543$29,014,887
61$34,550,927$25,645,443$23,435,124$31,067,339
62$38,006,841$26,833,790$24,151,920$33,294,265
63$41,813,109$28,078,215$24,890,579$35,712,049
64$46,005,397$29,381,399$25,651,765$38,338,685
65$50,623,010$30,746,150$26,436,161$41,193,940
66$55,709,258$32,175,413$27,244,474$44,299,533
67$61,311,870$33,672,275$28,077,431$47,679,328
68$67,483,436$35,239,972$28,935,781$51,359,552
69$74,281,911$36,881,895$29,820,294$55,369,033
70$81,771,159$38,601,601$30,731,766$59,739,461
71$90,021,553$40,402,815$31,671,016$64,505,679
72$99,110,644$42,289,446$32,638,888$69,705,995
73$109,123,889$44,265,588$33,636,251$75,382,538
74$120,155,460$46,335,537$34,663,999$81,581,641
75$132,309,131$48,503,792$35,723,057$88,354,265
76$145,699,257$50,775,073$36,814,375$95,756,469
77$160,451,856$53,154,326$37,938,931$103,849,923
78$176,705,796$55,646,738$39,097,735$112,702,476
79$194,614,104$58,257,745$40,291,827$122,388,782
80$214,345,416$60,993,048$41,522,276$132,990,990
81$236,085,563$63,858,622$42,790,187$144,599,500
82$260,039,327$66,860,731$44,096,695$157,313,802
83$286,432,377$70,005,945$45,442,972$171,243,393
84$315,513,392$73,301,149$46,830,224$186,508,799
85$347,556,415$76,753,562$48,259,694$203,242,683
86$382,863,437$80,370,755$49,732,662$221,591,086
87$421,767,248$84,160,662$51,250,447$241,714,778
88$464,634,578$88,131,605$52,814,407$263,790,754
89$511,869,558$92,292,307$54,425,942$288,013,885
90$563,917,537$96,651,914$56,086,495$314,598,727
91$621,269,284$101,220,016$57,797,552$343,781,525
92$684,465,622$106,006,668$59,560,641$375,822,414
93$754,102,534$111,022,413$61,377,340$411,007,847
94$830,836,785$116,278,304$63,249,274$449,653,268
95$915,392,127$121,785,930$65,178,114$492,106,062
96$1,008,566,128$127,557,446$67,165,586$538,748,800
97$1,111,237,704$133,605,591$69,213,464$590,002,815
98$1,224,375,412$139,943,728$71,323,577$646,332,148
99$1,349,046,598$146,585,864$73,497,811$708,247,889
100$1,486,427,469$153,546,689$75,738,105$776,312,961