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%14.9%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,547,001
2 years$809,438$794,363$779,753$765,588$751,848$719,870
3 years$534,265$519,125$504,552$490,519$477,003$445,924
4 years$396,706$381,612$367,185$353,392$340,203$310,262
5 years$314,192$299,188$284,950$271,439$258,617$229,899
6 years$259,200$244,310$230,282$217,072$204,634$177,171
7 years$219,936$205,171$191,366$178,467$166,423$140,220
8 years$190,501$175,869$162,293$149,711$138,064$113,113
9 years$167,619$153,126$139,783$127,521$116,270$92,555
10 years$149,325$134,973$121,866$109,924$99,067$76,566
11 years$134,366$120,159$107,289$95,667$85,201$63,885
12 years$121,910$107,848$95,216$83,913$73,834$53,672
13 years$111,378$97,463$85,069$74,082$64,384$45,343
14 years$102,358$88,591$76,435$65,762$56,439$38,481
15 years$94,548$80,930$69,011$58,648$49,693$32,781
16 years$87,721$74,251$62,569$52,513$43,919$28,014
17 years$81,704$68,383$56,935$47,183$38,942$24,003
18 years$76,361$63,189$51,974$42,521$34,625$20,612
19 years$71,586$58,563$47,580$38,421$30,862$17,733
20 years$67,294$54,419$43,666$34,798$27,567$15,281
21 years$63,416$50,689$40,165$31,581$24,669$13,186
22 years$59,895$47,317$37,018$28,715$22,112$11,392
23 years$56,685$44,254$34,179$26,151$19,849$9,851
24 years$53,746$41,463$31,610$23,851$17,841$8,527
25 years$51,047$38,911$29,277$21,782$16,054$7,385
26 years$48,560$36,570$27,153$19,917$14,461$6,401
27 years$46,261$34,417$25,214$18,230$13,038$5,551
28 years$44,130$32,431$23,440$16,703$11,764$4,816
29 years$42,149$30,595$21,813$15,317$10,623$4,180
30 years$40,304$28,894$20,318$14,057$9,598$3,630
31 years$38,582$27,314$18,942$12,910$8,678$3,153
32 years$36,970$25,845$17,673$11,865$7,850$2,739
33 years$35,459$24,475$16,501$10,911$7,104$2,380
34 years$34,040$23,197$15,418$10,039$6,432$2,069
35 years$32,705$22,002$14,415$9,241$5,826$1,798
36 years$31,447$20,883$13,485$8,511$5,278$1,563
37 years$30,260$19,834$12,621$7,842$4,784$1,360
38 years$29,138$18,850$11,819$7,228$4,337$1,182
39 years$28,076$17,924$11,073$6,664$3,933$1,028
40 years$27,070$17,053$10,379$6,147$3,567$894
41 years$26,115$16,233$9,732$5,671$3,236$778
42 years$25,208$15,460$9,129$5,234$2,937$677
43 years$24,346$14,730$8,567$4,832$2,665$589
44 years$23,525$14,041$8,041$4,461$2,419$512
45 years$22,743$13,389$7,550$4,120$2,196$446
46 years$21,997$12,773$7,092$3,806$1,994$388
47 years$21,285$12,189$6,662$3,516$1,811$337
48 years$20,605$11,636$6,261$3,249$1,644$294
49 years$19,954$11,112$5,885$3,003$1,493$256
50 years$19,332$10,615$5,533$2,775$1,357$222

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 $6,479 every year, while hoping to spend $23,170 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: 29/45/26 Blend
55$19,800,000$19,800,000$19,800,000$19,800,000
56$21,826,283$20,776,883$20,469,983$22,283,057
57$24,027,911$21,770,298$21,131,075$23,635,128
58$26,453,329$22,811,613$21,813,537$25,085,227
59$29,125,338$23,903,152$22,518,060$26,643,769
60$32,069,066$25,047,350$23,245,358$28,320,126
61$35,312,202$26,246,761$23,996,169$30,124,552
62$38,885,259$27,504,064$24,771,253$32,068,265
63$42,821,860$28,822,069$25,571,395$34,163,549
64$47,159,060$30,203,720$26,397,406$36,423,854
65$51,937,689$31,652,107$27,250,125$38,863,911
66$57,202,743$33,170,470$28,130,413$41,499,863
67$63,003,806$34,762,206$29,039,165$44,349,398
68$69,395,519$36,430,879$29,977,302$47,431,909
69$76,438,093$38,180,224$30,945,773$50,768,658
70$84,197,884$40,014,160$31,945,562$54,382,962
71$92,748,012$41,936,797$32,977,681$58,300,404
72$102,169,053$43,952,444$34,043,178$62,549,048
73$112,549,804$46,065,622$35,143,132$67,159,697
74$123,988,116$48,281,069$36,278,659$72,166,160
75$136,591,821$50,603,758$37,450,911$77,605,552
76$150,479,746$53,038,902$38,661,076$83,518,630
77$165,782,840$55,591,968$39,910,381$89,950,153
78$182,645,405$58,268,689$41,200,095$96,949,284
79$201,226,462$61,075,081$42,531,524$104,570,034
80$221,701,251$64,017,450$43,906,020$112,871,745
81$244,262,883$67,102,410$45,324,976$121,919,631
82$269,124,168$70,336,898$46,789,833$131,785,360
83$296,519,617$73,728,190$48,302,077$142,547,714
84$326,707,663$77,283,917$49,863,241$154,293,296
85$359,973,095$81,012,079$51,474,910$167,117,322
86$396,629,751$84,921,071$53,138,720$181,124,489
87$437,023,476$89,019,695$54,856,358$196,429,933
88$481,535,393$93,317,182$56,629,568$213,160,278
89$530,585,494$97,823,215$58,460,150$231,454,801
90$584,636,611$102,547,948$60,349,961$251,466,705
91$644,198,780$107,502,033$62,300,920$273,364,531
92$709,834,061$112,696,638$64,315,006$297,333,707
93$782,161,842$118,143,480$66,394,266$323,578,258
94$861,864,685$123,854,846$68,540,808$352,322,683
95$949,694,771$129,843,622$70,756,814$383,814,034
96$1,046,481,003$136,123,324$73,044,532$418,324,196
97$1,153,136,827$142,708,129$75,406,286$456,152,406
98$1,270,668,860$149,612,904$77,844,473$497,628,019
99$1,400,186,391$156,853,243$80,361,570$543,113,570
100$1,542,911,854$164,445,503$82,960,134$593,008,132