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%18.8%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,507,477
2 years$801,262$786,339$771,877$757,855$744,253$688,975
3 years$528,869$513,882$499,455$485,565$472,185$418,820
4 years$392,699$377,757$363,476$349,822$336,766$285,722
5 years$311,018$296,166$282,072$268,697$256,004$207,415
6 years$256,582$241,842$227,956$214,879$202,567$156,470
7 years$217,714$203,099$189,433$176,664$164,742$121,126
8 years$188,577$174,093$160,654$148,199$136,669$95,499
9 years$165,926$151,579$138,371$126,233$115,095$76,317
10 years$147,817$133,610$120,635$108,814$98,067$61,614
11 years$133,009$118,945$106,205$94,701$84,341$50,139
12 years$120,678$106,759$94,254$83,065$73,088$41,055
13 years$110,253$96,479$84,210$73,334$63,734$33,784
14 years$101,324$87,696$75,663$65,098$55,869$27,911
15 years$93,593$80,112$68,314$58,056$49,191$23,133
16 years$86,835$73,501$61,936$51,983$43,475$19,224
17 years$80,879$67,692$56,360$46,706$38,548$16,010
18 years$75,590$62,550$51,449$42,092$34,275$13,357
19 years$70,863$57,971$47,099$38,033$30,550$11,160
20 years$66,614$53,870$43,225$34,446$27,288$9,336
21 years$62,775$50,177$39,759$31,262$24,420$7,818
22 years$59,290$46,839$36,644$28,425$21,889$6,552
23 years$56,112$43,807$33,834$25,887$19,649$5,495
24 years$53,204$41,045$31,291$23,610$17,661$4,611
25 years$50,532$38,518$28,982$21,562$15,892$3,872
26 years$48,070$36,201$26,879$19,715$14,315$3,252
27 years$45,794$34,069$24,960$18,046$12,906$2,732
28 years$43,684$32,103$23,203$16,534$11,645$2,296
29 years$41,724$30,286$21,592$15,162$10,516$1,931
30 years$39,897$28,602$20,113$13,915$9,501$1,623
31 years$38,192$27,038$18,750$12,780$8,590$1,365
32 years$36,596$25,584$17,494$11,745$7,770$1,148
33 years$35,101$24,228$16,335$10,800$7,032$966
34 years$33,696$22,963$15,262$9,937$6,367$813
35 years$32,375$21,780$14,269$9,148$5,767$684
36 years$31,129$20,672$13,348$8,425$5,225$575
37 years$29,954$19,634$12,494$7,763$4,736$484
38 years$28,843$18,659$11,700$7,155$4,293$407
39 years$27,792$17,743$10,962$6,597$3,893$343
40 years$26,796$16,881$10,274$6,085$3,531$289
41 years$25,851$16,069$9,634$5,614$3,204$243
42 years$24,954$15,304$9,037$5,181$2,907$204
43 years$24,100$14,581$8,480$4,783$2,638$172
44 years$23,288$13,899$7,960$4,416$2,395$145
45 years$22,513$13,254$7,474$4,078$2,174$122
46 years$21,775$12,644$7,020$3,767$1,974$103
47 years$21,070$12,066$6,595$3,481$1,792$86
48 years$20,397$11,519$6,198$3,216$1,628$73
49 years$19,753$11,000$5,825$2,972$1,478$61
50 years$19,136$10,507$5,477$2,747$1,343$51

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 $4,740 every year, while hoping to spend $42,484 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: 57/21/22 Blend
55$19,600,000$19,600,000$19,600,000$19,600,000
56$21,604,089$20,565,289$20,261,489$22,707,204
57$23,762,504$21,527,786$20,895,047$24,422,868
58$26,139,653$22,536,021$21,548,404$26,286,816
59$28,757,802$23,592,191$22,222,180$28,317,352
60$31,641,487$24,698,598$22,917,013$30,530,540
61$34,817,746$25,857,656$23,633,560$32,944,044
62$38,316,371$27,071,896$24,372,499$35,577,290
63$42,170,194$28,343,971$25,134,530$38,451,644
64$46,415,391$29,676,663$25,920,374$41,590,608
65$51,091,828$31,072,888$26,730,775$45,020,035
66$56,243,438$32,535,703$27,566,499$48,768,368
67$61,918,630$34,068,313$28,428,338$52,866,900
68$68,170,749$35,674,080$29,317,107$57,350,067
69$75,058,582$37,356,526$30,233,646$62,255,762
70$82,646,908$39,119,346$31,178,824$67,625,687
71$91,007,113$40,966,414$32,153,534$73,505,737
72$100,217,860$42,901,790$33,158,699$79,946,431
73$110,365,836$44,929,732$34,195,270$87,003,373
74$121,546,566$47,054,704$35,264,227$94,737,773
75$133,865,319$49,281,388$36,366,582$103,217,016
76$147,438,097$51,614,690$37,503,377$112,515,285
77$162,392,730$54,059,758$38,675,688$122,714,256
78$178,870,089$56,621,987$39,884,624$133,903,854
79$197,025,407$59,307,033$41,131,328$146,183,095
80$217,029,751$62,120,830$42,416,979$159,661,006
81$239,071,632$65,069,597$43,742,794$174,457,648
82$263,358,788$68,159,856$45,110,027$190,705,230
83$290,120,141$71,398,446$46,519,970$208,549,349
84$319,607,964$74,792,538$47,973,957$228,150,349
85$352,100,254$78,349,651$49,473,363$249,684,822
86$387,903,366$82,077,669$51,019,606$273,347,260
87$427,354,894$85,984,860$52,614,148$299,351,875
88$470,826,868$90,079,893$54,258,497$327,934,605
89$518,729,259$94,371,859$55,954,208$359,355,326
90$571,513,853$98,870,289$57,702,883$393,900,287
91$629,678,513$103,585,180$59,506,176$431,884,795
92$693,771,881$108,527,014$61,365,793$473,656,171
93$764,398,557$113,706,781$63,283,491$519,597,008
94$842,224,804$119,136,008$65,261,082$570,128,766
95$927,984,843$124,826,782$67,300,438$625,715,726
96$1,022,487,780$130,791,776$69,403,485$686,869,350
97$1,126,625,242$137,044,283$71,572,211$754,153,085
98$1,241,379,803$143,598,239$73,808,666$828,187,662
99$1,367,834,251$150,468,260$76,114,964$909,656,924
100$1,507,181,814$157,669,675$78,493,285$999,314,258