Can I retire at age 56 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,524,897
2 years$805,350$790,351$775,815$761,721$748,050$702,071
3 years$531,567$516,503$502,004$488,042$474,594$430,084
4 years$394,702$379,685$365,330$351,607$338,484$295,785
5 years$312,605$297,677$283,511$270,068$257,310$216,538
6 years$257,891$243,076$229,119$215,975$203,601$164,793
7 years$218,825$204,135$190,399$177,565$165,582$128,738
8 years$189,539$174,981$161,474$148,955$137,366$102,464
9 years$166,773$152,353$139,077$126,877$115,682$82,686
10 years$148,571$134,291$121,251$109,369$98,567$67,431
11 years$133,688$119,552$106,747$95,184$84,771$55,443
12 years$121,294$107,303$94,735$83,489$73,461$45,883
13 years$110,815$96,971$84,640$73,708$64,059$38,169
14 years$101,841$88,144$76,049$65,430$56,154$31,887
15 years$94,071$80,521$68,662$58,352$49,442$26,730
16 years$87,278$73,876$62,253$52,248$43,697$22,471
17 years$81,291$68,037$56,647$46,944$38,745$18,935
18 years$75,975$62,870$51,712$42,306$34,450$15,987
19 years$71,225$58,267$47,339$38,227$30,706$13,520
20 years$66,954$54,144$43,446$34,622$27,427$11,449
21 years$63,095$50,433$39,962$31,422$24,544$9,707
22 years$59,592$47,078$36,831$28,570$22,001$8,237
23 years$56,398$44,031$34,007$26,019$19,749$6,996
24 years$53,475$41,254$31,451$23,731$17,751$5,946
25 years$50,790$38,715$29,130$21,672$15,973$5,057
26 years$48,315$36,386$27,016$19,816$14,388$4,302
27 years$46,027$34,243$25,087$18,138$12,972$3,662
28 years$43,907$32,267$23,322$16,618$11,705$3,118
29 years$41,936$30,440$21,703$15,239$10,569$2,656
30 years$40,101$28,748$20,215$13,986$9,550$2,263
31 years$38,387$27,176$18,846$12,845$8,634$1,928
32 years$36,783$25,714$17,584$11,805$7,810$1,644
33 years$35,280$24,352$16,418$10,856$7,068$1,401
34 years$33,868$23,080$15,340$9,988$6,399$1,195
35 years$32,540$21,891$14,342$9,195$5,796$1,019
36 years$31,288$20,778$13,416$8,468$5,252$869
37 years$30,107$19,734$12,558$7,802$4,760$741
38 years$28,991$18,754$11,760$7,191$4,315$632
39 years$27,934$17,834$11,017$6,631$3,913$539
40 years$26,933$16,967$10,327$6,116$3,549$460
41 years$25,983$16,151$9,683$5,643$3,220$392
42 years$25,081$15,382$9,083$5,208$2,922$334
43 years$24,223$14,656$8,523$4,807$2,652$285
44 years$23,406$13,970$8,001$4,439$2,407$243
45 years$22,628$13,322$7,512$4,099$2,185$208
46 years$21,886$12,708$7,056$3,787$1,984$177
47 years$21,178$12,128$6,629$3,498$1,802$151
48 years$20,501$11,577$6,229$3,233$1,636$129
49 years$19,854$11,056$5,855$2,987$1,486$110
50 years$19,234$10,561$5,505$2,761$1,350$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $19,700,000, adding $3,869 every year, while hoping to spend $39,598 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: 63/9/28 Blend
55$19,700,000$19,700,000$19,700,000$19,700,000
56$21,713,391$20,669,291$20,363,941$22,918,732
57$23,886,025$21,639,954$21,004,001$24,707,566
58$26,278,940$22,656,853$21,664,176$26,656,022
59$28,914,564$23,722,210$22,345,098$28,783,562
60$31,817,609$24,838,359$23,047,418$31,107,754
61$35,015,309$26,007,741$23,771,810$33,647,928
62$38,537,671$27,232,922$24,518,966$36,425,362
63$42,417,765$28,516,586$25,289,603$39,463,474
64$46,692,029$29,861,551$26,084,457$42,788,043
65$51,400,619$31,270,770$26,904,290$46,427,445
66$56,587,785$32,747,341$27,749,886$50,412,922
67$62,302,288$34,294,509$28,622,056$54,778,865
68$68,597,859$35,915,678$29,521,633$59,563,144
69$75,533,713$37,614,418$30,449,479$64,807,454
70$83,175,097$39,394,471$31,406,483$70,557,704
71$91,593,917$41,259,760$32,393,560$76,864,452
72$100,869,408$43,214,399$33,411,655$83,783,368
73$111,088,886$45,262,702$34,461,744$91,375,762
74$122,348,570$47,409,193$35,544,830$99,709,154
75$134,754,493$49,658,613$36,661,951$108,857,907
76$148,423,502$52,015,935$37,814,177$118,903,919
77$163,484,357$54,486,373$39,002,610$129,937,398
78$180,078,951$57,075,396$40,228,387$142,057,698
79$198,363,648$59,788,734$41,492,682$155,374,259
80$218,510,759$62,632,401$42,796,706$170,007,626
81$240,710,167$65,612,699$44,141,706$186,090,585
82$265,171,121$68,736,238$45,528,969$203,769,404
83$292,124,210$72,009,948$46,959,825$223,205,212
84$321,823,541$75,441,098$48,435,641$244,575,509
85$354,549,139$79,037,308$49,957,831$268,075,831
86$390,609,585$82,806,570$51,527,852$293,921,592
87$430,344,933$86,757,263$53,147,206$322,350,103
88$474,129,922$90,898,174$54,817,444$353,622,809
89$522,377,509$95,238,520$56,540,163$388,027,742
90$575,542,770$99,787,962$58,317,013$425,882,233
91$634,127,194$104,556,633$60,149,694$467,535,895
92$698,683,419$109,555,160$62,039,960$513,373,913
93$769,820,450$114,794,685$63,989,621$563,820,672
94$848,209,404$120,286,893$66,000,542$619,343,743
95$934,589,851$126,044,038$68,074,648$680,458,295
96$1,029,776,791$132,078,971$70,213,924$747,731,938
97$1,134,668,350$138,405,167$72,420,416$821,790,071
98$1,250,254,259$145,036,758$74,696,238$903,321,768
99$1,377,625,198$151,988,563$77,043,566$993,086,275
100$1,517,983,091$159,276,125$79,464,648$1,091,920,158