Can I retire at age 56 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,509,881
2 years$801,262$786,339$771,877$757,855$744,253$691,338
3 years$528,869$513,882$499,455$485,565$472,185$421,066
4 years$392,699$377,757$363,476$349,822$336,766$287,835
5 years$311,018$296,166$282,072$268,697$256,004$209,390
6 years$256,582$241,842$227,956$214,879$202,567$158,307
7 years$217,714$203,099$189,433$176,664$164,742$122,829
8 years$188,577$174,093$160,654$148,199$136,669$97,071
9 years$165,926$151,579$138,371$126,233$115,095$77,763
10 years$147,817$133,610$120,635$108,814$98,067$62,940
11 years$133,009$118,945$106,205$94,701$84,341$51,351
12 years$120,678$106,759$94,254$83,065$73,088$42,160
13 years$110,253$96,479$84,210$73,334$63,734$34,788
14 years$101,324$87,696$75,663$65,098$55,869$28,821
15 years$93,593$80,112$68,314$58,056$49,191$23,956
16 years$86,835$73,501$61,936$51,983$43,475$19,965
17 years$80,879$67,692$56,360$46,706$38,548$16,676
18 years$75,590$62,550$51,449$42,092$34,275$13,954
19 years$70,863$57,971$47,099$38,033$30,550$11,695
20 years$66,614$53,870$43,225$34,446$27,288$9,813
21 years$62,775$50,177$39,759$31,262$24,420$8,243
22 years$59,290$46,839$36,644$28,425$21,889$6,930
23 years$56,112$43,807$33,834$25,887$19,649$5,830
24 years$53,204$41,045$31,291$23,610$17,661$4,908
25 years$50,532$38,518$28,982$21,562$15,892$4,134
26 years$48,070$36,201$26,879$19,715$14,315$3,484
27 years$45,794$34,069$24,960$18,046$12,906$2,937
28 years$43,684$32,103$23,203$16,534$11,645$2,476
29 years$41,724$30,286$21,592$15,162$10,516$2,088
30 years$39,897$28,602$20,113$13,915$9,501$1,762
31 years$38,192$27,038$18,750$12,780$8,590$1,487
32 years$36,596$25,584$17,494$11,745$7,770$1,254
33 years$35,101$24,228$16,335$10,800$7,032$1,059
34 years$33,696$22,963$15,262$9,937$6,367$894
35 years$32,375$21,780$14,269$9,148$5,767$754
36 years$31,129$20,672$13,348$8,425$5,225$637
37 years$29,954$19,634$12,494$7,763$4,736$538
38 years$28,843$18,659$11,700$7,155$4,293$454
39 years$27,792$17,743$10,962$6,597$3,893$383
40 years$26,796$16,881$10,274$6,085$3,531$324
41 years$25,851$16,069$9,634$5,614$3,204$273
42 years$24,954$15,304$9,037$5,181$2,907$231
43 years$24,100$14,581$8,480$4,783$2,638$195
44 years$23,288$13,899$7,960$4,416$2,395$165
45 years$22,513$13,254$7,474$4,078$2,174$139
46 years$21,775$12,644$7,020$3,767$1,974$117
47 years$21,070$12,066$6,595$3,481$1,792$99
48 years$20,397$11,519$6,198$3,216$1,628$84
49 years$19,753$11,000$5,825$2,972$1,478$71
50 years$19,136$10,507$5,477$2,747$1,343$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $19,600,000, adding $2,816 every year, while hoping to spend $36,938 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: 62/25/13 Blend
55$19,600,000$19,600,000$19,600,000$19,600,000
56$21,602,105$20,563,305$20,259,505$22,873,883
57$23,766,218$21,531,605$20,898,896$24,695,703
58$26,149,832$22,546,114$21,558,470$26,679,055
59$28,775,298$23,609,057$22,238,862$28,843,151
60$31,667,245$24,722,766$22,940,730$31,205,519
61$34,852,811$25,889,689$23,664,751$33,785,436
62$38,361,903$27,112,390$24,411,626$36,604,100
63$42,227,478$28,393,557$25,182,076$39,684,830
64$46,485,849$29,736,010$25,976,844$43,053,278
65$51,177,037$31,142,705$26,796,699$46,737,665
66$56,345,138$32,616,742$27,642,433$50,769,040
67$62,038,750$34,161,370$28,514,862$55,181,568
68$68,311,422$35,779,996$29,414,829$60,012,843
69$75,222,165$37,476,194$30,343,204$65,304,238
70$82,836,007$39,253,709$31,300,883$71,101,286
71$91,224,609$41,116,470$32,288,791$77,454,101
72$100,466,937$43,068,595$33,307,884$84,417,847
73$110,650,011$45,114,403$34,359,144$92,053,243
74$121,869,726$47,258,422$35,443,589$100,427,132
75$134,231,753$49,505,400$36,562,265$109,613,101
76$147,852,544$51,860,317$37,716,253$119,692,164
77$162,860,424$54,328,392$38,906,667$130,753,517
78$179,396,806$56,915,102$40,134,659$142,895,370
79$197,617,524$59,626,186$41,401,414$156,225,859
80$217,694,306$62,467,663$42,708,156$170,864,060
81$239,816,393$65,445,847$44,056,147$186,941,095
82$264,192,327$68,567,355$45,446,690$204,601,358
83$291,051,918$71,839,130$46,881,128$224,003,866
84$320,648,414$75,268,448$48,360,847$245,323,745
85$353,260,894$78,862,943$49,887,276$268,753,863
86$389,196,895$82,630,618$51,461,890$294,506,642
87$428,795,326$86,579,865$53,086,211$322,816,043
88$472,429,657$90,719,487$54,761,807$353,939,755
89$520,511,453$95,058,712$56,490,298$388,161,612
90$573,494,252$99,607,219$58,273,353$425,794,255
91$631,877,850$104,375,158$60,112,696$467,182,057
92$696,213,023$109,373,173$62,010,103$512,704,359
93$767,106,717$114,612,424$63,967,408$562,779,027
94$845,227,787$120,104,618$65,986,501$617,866,372
95$931,313,306$125,862,029$68,069,333$678,473,473
96$1,026,175,525$131,897,530$70,217,918$745,158,940
97$1,130,709,541$138,224,621$72,434,330$818,538,158
98$1,245,901,746$144,857,459$74,720,711$899,289,070
99$1,372,839,140$151,810,891$77,079,271$988,158,550
100$1,512,719,594$159,100,486$79,512,289$1,085,969,419