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%13.8%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,530,457
2 years$797,174$782,328$767,939$753,988$740,456$715,836
3 years$526,170$511,260$496,907$483,087$469,776$445,802
4 years$390,695$375,830$361,621$348,037$335,048$311,905
5 years$309,431$294,655$280,633$267,326$254,698$232,453
6 years$255,273$240,608$226,793$213,783$201,534$180,212
7 years$216,603$202,062$188,466$175,763$163,901$143,510
8 years$187,615$173,205$159,834$147,443$135,972$116,507
9 years$165,080$150,806$137,665$125,589$114,508$95,960
10 years$147,062$132,928$120,020$108,259$97,566$79,920
11 years$132,330$118,338$105,663$94,217$83,910$67,147
12 years$120,063$106,214$93,774$82,641$72,715$56,814
13 years$109,690$95,986$83,780$72,960$63,409$48,347
14 years$100,807$87,249$75,277$64,766$55,584$41,337
15 years$93,116$79,703$67,965$57,760$48,940$35,482
16 years$86,392$73,126$61,620$51,717$43,254$30,557
17 years$80,466$67,347$56,072$46,468$38,352$26,388
18 years$75,204$62,231$51,187$41,877$34,101$22,842
19 years$70,501$57,675$46,859$37,839$30,395$19,812
20 years$66,274$53,595$43,005$34,271$27,149$17,214
21 years$62,455$49,921$39,556$31,103$24,295$14,979
22 years$58,987$46,600$36,457$28,280$21,777$13,050
23 years$55,826$43,584$33,662$25,755$19,549$11,382
24 years$52,932$40,835$31,131$23,490$17,571$9,937
25 years$50,274$38,322$28,834$21,452$15,811$8,682
26 years$47,824$36,016$26,742$19,615$14,242$7,592
27 years$45,560$33,896$24,832$17,954$12,840$6,642
28 years$43,461$31,940$23,085$16,450$11,586$5,814
29 years$41,511$30,131$21,482$15,085$10,462$5,092
30 years$39,694$28,456$20,010$13,844$9,453$4,462
31 years$37,997$26,900$18,655$12,715$8,546$3,911
32 years$36,410$25,453$17,405$11,685$7,731$3,429
33 years$34,922$24,105$16,251$10,745$6,996$3,007
34 years$33,524$22,846$15,184$9,887$6,334$2,638
35 years$32,209$21,669$14,196$9,101$5,737$2,314
36 years$30,971$20,567$13,280$8,382$5,198$2,031
37 years$29,801$19,534$12,430$7,723$4,711$1,783
38 years$28,696$18,564$11,640$7,118$4,271$1,565
39 years$27,651$17,653$10,906$6,564$3,873$1,374
40 years$26,660$16,795$10,222$6,054$3,513$1,206
41 years$25,719$15,987$9,585$5,585$3,187$1,059
42 years$24,826$15,226$8,991$5,155$2,892$930
43 years$23,977$14,507$8,437$4,758$2,625$817
44 years$23,169$13,828$7,919$4,394$2,383$718
45 years$22,399$13,186$7,436$4,058$2,163$630
46 years$21,664$12,579$6,984$3,748$1,964$554
47 years$20,963$12,005$6,561$3,463$1,783$486
48 years$20,293$11,460$6,166$3,200$1,619$427
49 years$19,652$10,944$5,796$2,957$1,471$375
50 years$19,039$10,454$5,449$2,733$1,336$330

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 $5,519 every year, while hoping to spend $52,587 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: 40/49/11 Blend
55$19,500,000$19,500,000$19,500,000$19,500,000
56$21,494,693$20,461,193$20,158,943$22,283,498
57$23,631,199$21,407,839$20,778,315$23,786,491
58$25,983,867$22,399,109$21,416,674$25,405,762
59$28,574,689$23,437,132$22,074,600$27,156,272
60$31,427,899$24,524,144$22,752,691$29,049,919
61$34,570,203$25,662,485$23,451,564$31,099,749
62$38,031,026$26,854,609$24,171,854$33,320,066
63$41,842,795$28,103,089$24,914,215$35,726,561
64$46,041,241$29,410,622$25,679,323$38,336,448
65$50,665,739$30,780,033$26,467,872$41,168,614
66$55,759,677$32,214,288$27,280,578$44,243,791
67$61,370,867$33,716,491$28,118,180$47,584,733
68$67,551,994$35,289,898$28,981,438$51,216,425
69$74,361,118$36,937,923$29,871,137$55,166,303
70$81,862,215$38,664,145$30,788,083$59,464,500
71$90,125,787$40,472,313$31,733,109$64,144,115
72$99,229,522$42,366,361$32,707,073$69,241,512
73$109,259,031$44,350,411$33,710,858$74,796,649
74$120,308,655$46,428,784$34,745,375$80,853,435
75$132,482,355$48,606,011$35,811,562$87,460,133
76$145,894,692$50,886,843$36,910,386$94,669,792
77$160,671,910$53,276,258$38,042,844$102,540,734
78$176,953,128$55,779,477$39,209,962$111,137,083
79$194,891,649$58,401,973$40,412,797$120,529,348
80$214,656,412$61,149,485$41,652,441$130,795,072
81$236,433,584$64,028,028$42,930,016$142,019,537
82$260,428,318$67,043,909$44,246,680$154,296,548
83$286,866,687$70,203,742$45,603,624$167,729,293
84$315,997,823$73,514,459$47,002,079$182,431,293
85$348,096,262$76,983,329$48,443,310$198,527,444
86$383,464,542$80,617,973$49,928,623$216,155,171
87$422,436,054$84,426,383$51,459,360$235,465,693
88$465,378,192$88,416,936$53,036,909$256,625,421
89$512,695,818$92,598,416$54,662,696$279,817,496
90$564,835,087$96,980,033$56,338,191$305,243,485
91$622,287,656$101,571,446$58,064,912$333,125,248
92$685,595,328$106,382,778$59,844,418$363,706,993
93$755,355,165$111,424,647$61,678,319$397,257,544
94$832,225,122$116,708,185$63,568,272$434,072,840
95$916,930,262$122,245,063$65,515,987$474,478,683
96$1,010,269,598$128,047,522$67,523,222$518,833,769
97$1,113,123,640$134,128,392$69,591,793$567,533,029
98$1,226,462,699$140,501,132$71,723,566$621,011,306
99$1,351,356,057$147,179,850$73,920,468$679,747,412
100$1,488,982,053$154,179,341$76,184,482$744,268,588