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%20%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,500,328
2 years$801,262$786,339$771,877$757,855$744,253$681,967
3 years$528,869$513,882$499,455$485,565$472,185$412,178
4 years$392,699$377,757$363,476$349,822$336,766$279,495
5 years$311,018$296,166$282,072$268,697$256,004$201,614
6 years$256,582$241,842$227,956$214,879$202,567$151,092
7 years$217,714$203,099$189,433$176,664$164,742$116,161
8 years$188,577$174,093$160,654$148,199$136,669$90,934
9 years$165,926$151,579$138,371$126,233$115,095$72,135
10 years$147,817$133,610$120,635$108,814$98,067$57,797
11 years$133,009$118,945$106,205$94,701$84,341$46,666
12 years$120,678$106,759$94,254$83,065$73,088$37,906
13 years$110,253$96,479$84,210$73,334$63,734$30,937
14 years$101,324$87,696$75,663$65,098$55,869$25,345
15 years$93,593$80,112$68,314$58,056$49,191$20,828
16 years$86,835$73,501$61,936$51,983$43,475$17,158
17 years$80,879$67,692$56,360$46,706$38,548$14,163
18 years$75,590$62,550$51,449$42,092$34,275$11,711
19 years$70,863$57,971$47,099$38,033$30,550$9,696
20 years$66,614$53,870$43,225$34,446$27,288$8,037
21 years$62,775$50,177$39,759$31,262$24,420$6,667
22 years$59,290$46,839$36,644$28,425$21,889$5,536
23 years$56,112$43,807$33,834$25,887$19,649$4,599
24 years$53,204$41,045$31,291$23,610$17,661$3,823
25 years$50,532$38,518$28,982$21,562$15,892$3,179
26 years$48,070$36,201$26,879$19,715$14,315$2,644
27 years$45,794$34,069$24,960$18,046$12,906$2,200
28 years$43,684$32,103$23,203$16,534$11,645$1,831
29 years$41,724$30,286$21,592$15,162$10,516$1,525
30 years$39,897$28,602$20,113$13,915$9,501$1,269
31 years$38,192$27,038$18,750$12,780$8,590$1,057
32 years$36,596$25,584$17,494$11,745$7,770$880
33 years$35,101$24,228$16,335$10,800$7,032$733
34 years$33,696$22,963$15,262$9,937$6,367$611
35 years$32,375$21,780$14,269$9,148$5,767$509
36 years$31,129$20,672$13,348$8,425$5,225$424
37 years$29,954$19,634$12,494$7,763$4,736$353
38 years$28,843$18,659$11,700$7,155$4,293$294
39 years$27,792$17,743$10,962$6,597$3,893$245
40 years$26,796$16,881$10,274$6,085$3,531$204
41 years$25,851$16,069$9,634$5,614$3,204$170
42 years$24,954$15,304$9,037$5,181$2,907$142
43 years$24,100$14,581$8,480$4,783$2,638$118
44 years$23,288$13,899$7,960$4,416$2,395$98
45 years$22,513$13,254$7,474$4,078$2,174$82
46 years$21,775$12,644$7,020$3,767$1,974$68
47 years$21,070$12,066$6,595$3,481$1,792$57
48 years$20,397$11,519$6,198$3,216$1,628$47
49 years$19,753$11,000$5,825$2,972$1,478$40
50 years$19,136$10,507$5,477$2,747$1,343$33

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 $6,412 every year, while hoping to spend $37,797 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: 59/18/23 Blend
55$19,600,000$19,600,000$19,600,000$19,600,000
56$21,605,814$20,567,014$20,263,214$22,747,292
57$23,769,391$21,534,582$20,901,816$24,492,093
58$26,152,387$22,548,294$21,560,544$26,389,559
59$28,777,141$23,610,371$22,240,033$28,458,281
60$31,668,272$24,723,142$22,940,937$30,714,862
61$34,852,909$25,889,049$23,663,931$33,177,561
62$38,360,944$27,110,651$24,409,712$35,866,464
63$42,225,319$28,390,632$25,178,996$38,803,666
64$46,482,335$29,731,806$25,972,526$42,013,476
65$51,171,993$31,137,124$26,791,065$45,522,641
66$56,338,372$32,609,679$27,635,401$49,360,593
67$62,030,047$34,152,714$28,506,348$53,559,719
68$68,300,545$35,769,631$29,404,745$58,155,664
69$75,208,853$37,463,995$30,331,456$63,187,658
70$82,819,970$39,239,545$31,287,373$68,698,881
71$91,205,525$41,100,200$32,273,419$74,736,863
72$100,444,451$43,050,073$33,290,541$81,353,928
73$110,623,730$45,093,472$34,339,719$88,607,676
74$121,839,216$47,234,916$35,421,964$96,561,522
75$134,196,534$49,479,146$36,538,318$105,285,287
76$147,812,085$51,831,128$37,689,856$114,855,843
77$162,814,138$54,296,074$38,877,688$125,357,838
78$179,344,046$56,879,447$40,102,955$136,884,479
79$197,557,574$59,586,976$41,366,840$149,538,404
80$217,626,376$62,424,667$42,670,558$163,432,643
81$239,739,610$65,398,820$44,015,366$178,691,671
82$264,105,728$68,516,039$45,402,558$195,452,574
83$290,954,439$71,783,252$46,833,471$213,866,330
84$320,538,881$75,207,721$48,309,482$234,099,224
85$353,138,010$78,797,062$49,832,012$256,334,402
86$389,059,231$82,559,262$51,402,528$280,773,591
87$428,641,302$86,502,696$53,022,543$307,638,986
88$472,257,533$90,636,146$54,693,616$337,175,334
89$520,319,306$94,968,821$56,417,357$369,652,229
90$573,279,962$99,510,381$58,195,425$405,366,644
91$631,639,080$104,270,951$60,029,534$444,645,713
92$695,947,191$109,261,153$61,921,448$487,849,807
93$766,810,980$114,492,124$63,872,992$535,375,916
94$844,899,005$119,975,544$65,886,042$587,661,377
95$930,948,018$125,723,660$67,962,540$645,187,984
96$1,025,769,914$131,749,318$70,104,483$708,486,515
97$1,130,259,398$138,065,986$72,313,935$778,141,724
98$1,245,402,428$144,687,791$74,593,024$854,797,836
99$1,372,285,530$151,629,547$76,943,944$939,164,605
100$1,512,106,047$158,906,788$79,368,959$1,032,023,994