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%14.5%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,549,537
2 years$809,438$794,363$779,753$765,588$751,848$722,395
3 years$534,265$519,125$504,552$490,519$477,003$448,358
4 years$396,706$381,612$367,185$353,392$340,203$312,586
5 years$314,192$299,188$284,950$271,439$258,617$232,108
6 years$259,200$244,310$230,282$217,072$204,634$179,263
7 years$219,936$205,171$191,366$178,467$166,423$142,194
8 years$190,501$175,869$162,293$149,711$138,064$114,973
9 years$167,619$153,126$139,783$127,521$116,270$94,302
10 years$149,325$134,973$121,866$109,924$99,067$78,203
11 years$134,366$120,159$107,289$95,667$85,201$65,416
12 years$121,910$107,848$95,216$83,913$73,834$55,101
13 years$111,378$97,463$85,069$74,082$64,384$46,673
14 years$102,358$88,591$76,435$65,762$56,439$39,718
15 years$94,548$80,930$69,011$58,648$49,693$33,929
16 years$87,721$74,251$62,569$52,513$43,919$29,076
17 years$81,704$68,383$56,935$47,183$38,942$24,984
18 years$76,361$63,189$51,974$42,521$34,625$21,517
19 years$71,586$58,563$47,580$38,421$30,862$18,567
20 years$67,294$54,419$43,666$34,798$27,567$16,048
21 years$63,416$50,689$40,165$31,581$24,669$13,890
22 years$59,895$47,317$37,018$28,715$22,112$12,037
23 years$56,685$44,254$34,179$26,151$19,849$10,442
24 years$53,746$41,463$31,610$23,851$17,841$9,066
25 years$51,047$38,911$29,277$21,782$16,054$7,878
26 years$48,560$36,570$27,153$19,917$14,461$6,850
27 years$46,261$34,417$25,214$18,230$13,038$5,959
28 years$44,130$32,431$23,440$16,703$11,764$5,187
29 years$42,149$30,595$21,813$15,317$10,623$4,517
30 years$40,304$28,894$20,318$14,057$9,598$3,935
31 years$38,582$27,314$18,942$12,910$8,678$3,429
32 years$36,970$25,845$17,673$11,865$7,850$2,989
33 years$35,459$24,475$16,501$10,911$7,104$2,606
34 years$34,040$23,197$15,418$10,039$6,432$2,273
35 years$32,705$22,002$14,415$9,241$5,826$1,982
36 years$31,447$20,883$13,485$8,511$5,278$1,729
37 years$30,260$19,834$12,621$7,842$4,784$1,509
38 years$29,138$18,850$11,819$7,228$4,337$1,317
39 years$28,076$17,924$11,073$6,664$3,933$1,149
40 years$27,070$17,053$10,379$6,147$3,567$1,003
41 years$26,115$16,233$9,732$5,671$3,236$875
42 years$25,208$15,460$9,129$5,234$2,937$764
43 years$24,346$14,730$8,567$4,832$2,665$667
44 years$23,525$14,041$8,041$4,461$2,419$582
45 years$22,743$13,389$7,550$4,120$2,196$509
46 years$21,997$12,773$7,092$3,806$1,994$444
47 years$21,285$12,189$6,662$3,516$1,811$388
48 years$20,605$11,636$6,261$3,249$1,644$339
49 years$19,954$11,112$5,885$3,003$1,493$296
50 years$19,332$10,615$5,533$2,775$1,357$258

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 $4,180 every year, while hoping to spend $32,693 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: 61/16/23 Blend
55$19,800,000$19,800,000$19,800,000$19,800,000
56$21,823,912$20,774,512$20,467,612$23,022,182
57$24,015,166$21,757,678$21,118,492$24,817,959
58$26,428,832$22,787,923$21,790,080$26,773,115
59$29,087,561$23,867,520$22,483,037$28,906,374
60$32,016,316$24,998,852$23,198,042$31,235,074
61$35,242,600$26,184,416$23,935,797$33,778,294
62$38,796,726$27,426,832$24,697,026$36,557,020
63$42,712,092$28,728,848$25,482,477$39,594,343
64$47,025,506$30,093,342$26,292,920$42,915,672
65$51,777,527$31,523,335$27,129,152$46,548,968
66$57,012,850$33,021,993$27,991,994$50,525,002
67$62,780,727$34,592,638$28,882,292$54,877,643
68$69,135,434$36,238,749$29,800,921$59,644,166
69$76,136,779$37,963,979$30,748,783$64,865,604
70$83,850,672$39,772,155$31,726,809$70,587,126
71$92,349,742$41,667,292$32,735,958$76,858,459
72$101,714,025$43,653,599$33,777,223$83,734,344
73$112,031,721$45,735,491$34,851,625$91,275,057
74$123,400,022$47,917,595$35,960,220$99,546,959
75$135,926,033$50,204,767$37,104,096$108,623,123
76$149,727,783$52,602,094$38,284,378$118,584,010
77$164,935,335$55,114,916$39,502,223$129,518,224
78$181,692,021$57,748,828$40,758,829$141,523,339
79$200,155,787$60,509,700$42,055,429$154,706,809
80$220,500,689$63,403,687$43,393,298$169,186,972
81$242,918,535$66,437,244$44,773,749$185,094,163
82$267,620,695$69,617,138$46,198,139$202,571,926
83$294,840,096$72,950,468$47,667,867$221,778,365
84$324,833,421$76,444,677$49,184,376$242,887,619
85$357,883,535$80,107,570$50,749,157$266,091,499
86$394,302,148$83,947,334$52,363,747$291,601,285
87$434,432,767$87,972,553$54,029,732$319,649,704
88$478,653,931$92,192,230$55,748,750$350,493,121
89$527,382,787$96,615,804$57,522,488$384,413,935
90$581,079,031$101,253,178$59,352,691$421,723,239
91$640,249,242$106,114,734$61,241,157$462,763,736
92$705,451,670$111,211,361$63,189,740$507,912,963
93$777,301,501$116,554,478$65,200,357$557,586,831
94$856,476,668$122,156,062$67,274,983$612,243,541
95$943,724,250$128,028,671$69,415,657$672,387,887
96$1,039,867,525$134,185,477$71,624,483$738,576,003
97$1,145,813,741$140,640,294$73,903,632$811,420,596
98$1,262,562,683$147,407,609$76,255,343$891,596,704
99$1,391,216,108$154,502,614$78,681,930$979,848,051
100$1,532,988,153$161,941,243$81,185,775$1,076,994,044