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%11.2%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,547,104
2 years$797,174$782,328$767,939$753,988$740,456$732,530
3 years$526,170$511,260$496,907$483,087$469,776$462,023
4 years$390,695$375,830$361,621$348,037$335,048$327,528
5 years$309,431$294,655$280,633$267,326$254,698$247,433
6 years$255,273$240,608$226,793$213,783$201,534$194,533
7 years$216,603$202,062$188,466$175,763$163,901$157,168
8 years$187,615$173,205$159,834$147,443$135,972$129,507
9 years$165,080$150,806$137,665$125,589$114,508$108,310
10 years$147,062$132,928$120,020$108,259$97,566$91,632
11 years$132,330$118,338$105,663$94,217$83,910$78,236
12 years$120,063$106,214$93,774$82,641$72,715$67,296
13 years$109,690$95,986$83,780$72,960$63,409$58,239
14 years$100,807$87,249$75,277$64,766$55,584$50,659
15 years$93,116$79,703$67,965$57,760$48,940$44,253
16 years$86,392$73,126$61,620$51,717$43,254$38,798
17 years$80,466$67,347$56,072$46,468$38,352$34,121
18 years$75,204$62,231$51,187$41,877$34,101$30,087
19 years$70,501$57,675$46,859$37,839$30,395$26,592
20 years$66,274$53,595$43,005$34,271$27,149$23,550
21 years$62,455$49,921$39,556$31,103$24,295$20,892
22 years$58,987$46,600$36,457$28,280$21,777$18,562
23 years$55,826$43,584$33,662$25,755$19,549$16,514
24 years$52,932$40,835$31,131$23,490$17,571$14,710
25 years$50,274$38,322$28,834$21,452$15,811$13,116
26 years$47,824$36,016$26,742$19,615$14,242$11,706
27 years$45,560$33,896$24,832$17,954$12,840$10,456
28 years$43,461$31,940$23,085$16,450$11,586$9,346
29 years$41,511$30,131$21,482$15,085$10,462$8,359
30 years$39,694$28,456$20,010$13,844$9,453$7,481
31 years$37,997$26,900$18,655$12,715$8,546$6,698
32 years$36,410$25,453$17,405$11,685$7,731$6,000
33 years$34,922$24,105$16,251$10,745$6,996$5,377
34 years$33,524$22,846$15,184$9,887$6,334$4,820
35 years$32,209$21,669$14,196$9,101$5,737$4,323
36 years$30,971$20,567$13,280$8,382$5,198$3,878
37 years$29,801$19,534$12,430$7,723$4,711$3,479
38 years$28,696$18,564$11,640$7,118$4,271$3,123
39 years$27,651$17,653$10,906$6,564$3,873$2,803
40 years$26,660$16,795$10,222$6,054$3,513$2,517
41 years$25,719$15,987$9,585$5,585$3,187$2,260
42 years$24,826$15,226$8,991$5,155$2,892$2,030
43 years$23,977$14,507$8,437$4,758$2,625$1,823
44 years$23,169$13,828$7,919$4,394$2,383$1,638
45 years$22,399$13,186$7,436$4,058$2,163$1,471
46 years$21,664$12,579$6,984$3,748$1,964$1,322
47 years$20,963$12,005$6,561$3,463$1,783$1,188
48 years$20,293$11,460$6,166$3,200$1,619$1,068
49 years$19,652$10,944$5,796$2,957$1,471$959
50 years$19,039$10,454$5,449$2,733$1,336$862

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 $2,803 every year, while hoping to spend $20,675 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: 47/45/8 Blend
55$19,500,000$19,500,000$19,500,000$19,500,000
56$21,491,891$20,458,391$20,156,141$22,455,193
57$23,662,066$21,438,854$20,809,374$24,097,859
58$26,052,906$22,466,667$21,483,797$25,877,162
59$28,686,897$23,544,128$22,180,098$27,807,648
60$31,588,817$24,673,648$22,898,989$29,903,350
61$34,785,973$25,857,753$23,641,201$32,179,663
62$38,308,454$27,099,095$24,407,494$34,653,487
63$42,189,419$28,400,453$25,198,647$37,343,371
64$46,465,408$29,764,743$26,015,470$40,269,686
65$51,176,687$31,195,023$26,858,796$43,454,798
66$56,367,628$32,694,498$27,729,485$46,923,274
67$62,087,129$34,266,532$28,628,425$50,702,102
68$68,389,075$35,914,650$29,556,536$54,820,931
69$75,332,844$37,642,552$30,514,763$59,312,340
70$82,983,872$39,454,115$31,504,086$64,212,132
71$91,414,268$41,353,408$32,525,514$69,559,659
72$100,703,495$43,344,696$33,580,090$75,398,179
73$110,939,120$45,432,454$34,668,891$81,775,247
74$122,217,640$47,621,374$35,793,029$88,743,150
75$134,645,395$49,916,377$36,953,651$96,359,383
76$148,339,570$52,322,625$38,151,944$104,687,176
77$163,429,302$54,845,529$39,389,130$113,796,070
78$180,056,898$57,490,767$40,666,473$123,762,557
79$198,379,180$60,264,293$41,985,278$134,670,777
80$218,568,963$63,172,351$43,346,892$146,613,300
81$240,816,691$66,221,489$44,752,706$159,691,969
82$265,332,228$69,418,576$46,204,156$174,018,844
83$292,346,845$72,770,816$47,702,725$189,717,230
84$322,115,401$76,285,764$49,249,944$206,922,824
85$354,918,748$79,971,344$50,847,394$225,784,961
86$391,066,386$83,835,865$52,496,707$246,468,002
87$430,899,380$87,888,045$54,199,569$269,152,850
88$474,793,582$92,137,024$55,957,720$294,038,635
89$523,163,180$96,592,391$57,772,956$321,344,557
90$576,464,608$101,264,202$59,647,134$351,311,919
91$635,200,853$106,163,003$61,582,168$384,206,378
92$699,926,206$111,299,856$63,580,037$420,320,407
93$771,251,494$116,686,364$65,642,783$459,976,024
94$849,849,844$122,334,693$67,772,514$503,527,788
95$936,463,043$128,257,608$69,971,408$551,366,104
96$1,031,908,537$134,468,494$72,241,713$603,920,864
97$1,137,087,148$140,981,391$74,585,751$661,665,460
98$1,252,991,582$147,811,024$77,005,919$725,121,205
99$1,380,715,797$154,972,837$79,504,690$794,862,196
100$1,521,465,332$162,483,031$82,084,621$871,520,691