Can I retire at age 56 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,518,635
2 years$809,438$794,363$779,753$765,588$751,848$691,861
3 years$534,265$519,125$504,552$490,519$477,003$419,162
4 years$396,706$381,612$367,185$353,392$340,203$284,948
5 years$314,192$299,188$284,950$271,439$258,617$206,091
6 years$259,200$244,310$230,282$217,072$204,634$154,873
7 years$219,936$205,171$191,366$178,467$166,423$119,410
8 years$190,501$175,869$162,293$149,711$138,064$93,756
9 years$167,619$153,126$139,783$127,521$116,270$74,603
10 years$149,325$134,973$121,866$109,924$99,067$59,964
11 years$134,366$120,159$107,289$95,667$85,201$48,574
12 years$121,910$107,848$95,216$83,913$73,834$39,588
13 years$111,378$97,463$85,069$74,082$64,384$32,421
14 years$102,358$88,591$76,435$65,762$56,439$26,654
15 years$94,548$80,930$69,011$58,648$49,693$21,982
16 years$87,721$74,251$62,569$52,513$43,919$18,175
17 years$81,704$68,383$56,935$47,183$38,942$15,058
18 years$76,361$63,189$51,974$42,521$34,625$12,497
19 years$71,586$58,563$47,580$38,421$30,862$10,386
20 years$67,294$54,419$43,666$34,798$27,567$8,642
21 years$63,416$50,689$40,165$31,581$24,669$7,198
22 years$59,895$47,317$37,018$28,715$22,112$5,999
23 years$56,685$44,254$34,179$26,151$19,849$5,004
24 years$53,746$41,463$31,610$23,851$17,841$4,176
25 years$51,047$38,911$29,277$21,782$16,054$3,486
26 years$48,560$36,570$27,153$19,917$14,461$2,912
27 years$46,261$34,417$25,214$18,230$13,038$2,433
28 years$44,130$32,431$23,440$16,703$11,764$2,033
29 years$42,149$30,595$21,813$15,317$10,623$1,699
30 years$40,304$28,894$20,318$14,057$9,598$1,421
31 years$38,582$27,314$18,942$12,910$8,678$1,188
32 years$36,970$25,845$17,673$11,865$7,850$994
33 years$35,459$24,475$16,501$10,911$7,104$831
34 years$34,040$23,197$15,418$10,039$6,432$695
35 years$32,705$22,002$14,415$9,241$5,826$581
36 years$31,447$20,883$13,485$8,511$5,278$486
37 years$30,260$19,834$12,621$7,842$4,784$407
38 years$29,138$18,850$11,819$7,228$4,337$340
39 years$28,076$17,924$11,073$6,664$3,933$285
40 years$27,070$17,053$10,379$6,147$3,567$238
41 years$26,115$16,233$9,732$5,671$3,236$199
42 years$25,208$15,460$9,129$5,234$2,937$167
43 years$24,346$14,730$8,567$4,832$2,665$140
44 years$23,525$14,041$8,041$4,461$2,419$117
45 years$22,743$13,389$7,550$4,120$2,196$98
46 years$21,997$12,773$7,092$3,806$1,994$82
47 years$21,285$12,189$6,662$3,516$1,811$68
48 years$20,605$11,636$6,261$3,249$1,644$57
49 years$19,954$11,112$5,885$3,003$1,493$48
50 years$19,332$10,615$5,533$2,775$1,357$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $19,800,000, adding $4,514 every year, while hoping to spend $35,381 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: 47/48/5 Blend
55$19,800,000$19,800,000$19,800,000$19,800,000
56$21,824,256$20,774,856$20,467,956$22,821,552
57$24,012,685$21,755,179$21,115,988$24,485,220
58$26,423,148$22,782,352$21,784,542$26,285,531
59$29,078,255$23,858,633$22,474,270$28,238,378
60$32,002,921$24,986,390$23,185,843$30,357,890
61$35,224,602$26,168,106$23,919,951$32,659,575
62$38,773,552$27,406,384$24,677,310$35,160,451
63$42,683,110$28,703,952$25,458,655$37,879,196
64$46,990,014$30,063,673$26,264,747$40,836,320
65$51,734,749$31,488,547$27,096,370$44,054,343
66$56,961,928$32,981,720$27,954,333$47,557,996
67$62,720,711$34,546,490$28,839,469$51,374,448
68$69,065,273$36,186,318$29,752,641$55,533,543
69$76,055,313$37,904,829$30,694,736$60,068,073
70$83,756,616$39,705,827$31,666,671$65,014,075
71$92,241,677$41,593,299$32,669,391$70,411,153
72$101,590,384$43,571,426$33,703,871$76,302,839
73$111,890,770$45,644,593$34,771,118$82,736,991
74$123,239,849$47,817,398$35,872,171$89,766,223
75$135,744,524$50,094,662$37,008,099$97,448,388
76$149,522,604$52,481,439$38,180,009$105,847,106
77$164,703,910$54,983,030$39,389,040$115,032,346
78$181,431,505$57,604,994$40,636,369$125,081,065
79$199,863,040$60,353,160$41,923,208$136,077,915
80$220,172,245$63,233,640$43,250,811$148,116,019
81$242,550,569$66,252,844$44,620,469$161,297,832
82$267,208,987$69,417,492$46,033,513$175,736,078
83$294,379,988$72,734,634$47,491,320$191,554,794
84$324,319,775$76,211,659$48,995,308$208,890,472
85$357,310,680$79,856,319$50,546,940$227,893,322
86$393,663,833$83,676,742$52,147,725$248,728,660
87$433,722,091$87,681,450$53,799,222$271,578,439
88$477,863,286$91,879,382$55,503,037$296,642,937
89$526,503,781$96,279,911$57,260,828$324,142,610
90$580,102,407$100,892,868$59,074,306$354,320,144
91$639,164,793$105,728,559$60,945,236$387,442,705
92$704,248,139$110,797,795$62,875,438$423,804,427
93$775,966,474$116,111,913$64,866,791$463,729,146
94$854,996,459$121,682,800$66,921,233$507,573,418
95$942,083,766$127,522,926$69,040,762$555,729,837
96$1,038,050,125$133,645,364$71,227,442$608,630,702
97$1,143,801,077$140,063,827$73,483,402$666,752,042
98$1,260,334,527$146,792,694$75,810,835$730,618,066
99$1,388,750,159$153,847,047$78,212,009$800,806,056
100$1,530,259,824$161,242,700$80,689,260$877,951,762