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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.9%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,528,339
2 years$809,438$794,363$779,753$765,588$751,848$701,395
3 years$534,265$519,125$504,552$490,519$477,003$428,221
4 years$396,706$381,612$367,185$353,392$340,203$293,466
5 years$314,192$299,188$284,950$271,439$258,617$214,050
6 years$259,200$244,310$230,282$217,072$204,634$162,275
7 years$219,936$205,171$191,366$178,467$166,423$126,267
8 years$190,501$175,869$162,293$149,711$138,064$100,083
9 years$167,619$153,126$139,783$127,521$116,270$80,421
10 years$149,325$134,973$121,866$109,924$99,067$65,297
11 years$134,366$120,159$107,289$95,667$85,201$53,447
12 years$121,910$107,848$95,216$83,913$73,834$44,026
13 years$111,378$97,463$85,069$74,082$64,384$36,452
14 years$102,358$88,591$76,435$65,762$56,439$30,304
15 years$94,548$80,930$69,011$58,648$49,693$25,278
16 years$87,721$74,251$62,569$52,513$43,919$21,144
17 years$81,704$68,383$56,935$47,183$38,942$17,726
18 years$76,361$63,189$51,974$42,521$34,625$14,888
19 years$71,586$58,563$47,580$38,421$30,862$12,524
20 years$67,294$54,419$43,666$34,798$27,567$10,549
21 years$63,416$50,689$40,165$31,581$24,669$8,896
22 years$59,895$47,317$37,018$28,715$22,112$7,508
23 years$56,685$44,254$34,179$26,151$19,849$6,342
24 years$53,746$41,463$31,610$23,851$17,841$5,360
25 years$51,047$38,911$29,277$21,782$16,054$4,533
26 years$48,560$36,570$27,153$19,917$14,461$3,835
27 years$46,261$34,417$25,214$18,230$13,038$3,246
28 years$44,130$32,431$23,440$16,703$11,764$2,748
29 years$42,149$30,595$21,813$15,317$10,623$2,327
30 years$40,304$28,894$20,318$14,057$9,598$1,971
31 years$38,582$27,314$18,942$12,910$8,678$1,670
32 years$36,970$25,845$17,673$11,865$7,850$1,415
33 years$35,459$24,475$16,501$10,911$7,104$1,200
34 years$34,040$23,197$15,418$10,039$6,432$1,017
35 years$32,705$22,002$14,415$9,241$5,826$862
36 years$31,447$20,883$13,485$8,511$5,278$731
37 years$30,260$19,834$12,621$7,842$4,784$620
38 years$29,138$18,850$11,819$7,228$4,337$525
39 years$28,076$17,924$11,073$6,664$3,933$445
40 years$27,070$17,053$10,379$6,147$3,567$378
41 years$26,115$16,233$9,732$5,671$3,236$320
42 years$25,208$15,460$9,129$5,234$2,937$272
43 years$24,346$14,730$8,567$4,832$2,665$230
44 years$23,525$14,041$8,041$4,461$2,419$195
45 years$22,743$13,389$7,550$4,120$2,196$166
46 years$21,997$12,773$7,092$3,806$1,994$140
47 years$21,285$12,189$6,662$3,516$1,811$119
48 years$20,605$11,636$6,261$3,249$1,644$101
49 years$19,954$11,112$5,885$3,003$1,493$86
50 years$19,332$10,615$5,533$2,775$1,357$73

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 $5,011 every year, while hoping to spend $31,181 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: 54/31/15 Blend
55$19,800,000$19,800,000$19,800,000$19,800,000
56$21,824,769$20,775,369$20,468,469$22,916,161
57$24,017,719$21,760,186$21,120,986$24,645,438
58$26,433,305$22,792,213$21,794,318$26,522,972
59$29,094,203$23,873,732$22,489,128$28,565,912
60$32,025,400$25,007,134$23,206,103$30,790,013
61$35,254,432$26,194,925$23,945,949$33,212,584
62$38,811,643$27,439,735$24,709,397$35,852,651
63$42,730,469$28,744,321$25,497,200$38,731,126
64$47,047,757$30,111,572$26,310,136$41,870,993
65$51,804,109$31,544,520$27,149,006$45,297,528
66$57,044,270$33,046,343$28,014,640$49,038,516
67$62,817,545$34,620,374$28,907,890$53,124,516
68$69,178,270$36,270,108$29,829,640$57,589,135
69$76,186,319$37,999,208$30,780,798$62,469,334
70$83,907,672$39,811,518$31,762,303$67,805,775
71$92,415,040$41,711,067$32,775,126$73,643,184
72$101,788,545$43,702,081$33,820,264$80,030,772
73$112,116,485$45,788,991$34,898,750$87,022,681
74$123,496,157$47,976,443$36,011,649$94,678,491
75$136,034,786$50,269,309$37,160,060$103,063,761
76$149,850,528$52,672,699$38,345,116$112,250,642
77$165,073,592$55,191,971$39,567,988$122,318,543
78$181,847,465$57,832,745$40,829,883$133,354,864
79$200,330,269$60,600,912$42,132,046$145,455,810
80$220,696,252$63,502,652$43,475,765$158,727,281
81$243,137,432$66,544,444$44,862,365$173,285,857
82$267,865,412$69,733,084$46,293,217$189,259,881
83$295,113,377$73,075,698$47,769,733$206,790,653
84$325,138,294$76,579,760$49,293,371$226,033,744
85$358,223,339$80,253,107$50,865,637$247,160,450
86$394,680,567$84,103,957$52,488,084$270,359,383
87$434,853,863$88,140,929$54,162,314$295,838,232
88$479,122,186$92,373,064$55,889,980$323,825,705
89$527,903,145$96,809,840$57,672,790$354,573,659
90$581,656,942$101,461,198$59,512,505$388,359,458
91$640,890,718$106,337,565$61,410,942$425,488,563
92$706,163,340$111,449,874$63,369,977$466,297,392
93$778,090,675$116,809,592$65,391,545$511,156,463
94$857,351,406$122,428,744$67,477,644$560,473,869
95$944,693,439$128,319,942$69,630,335$614,699,094
96$1,040,940,964$134,496,413$71,851,745$674,327,227
97$1,147,002,233$140,972,028$74,144,069$739,903,604
98$1,263,878,138$147,761,335$76,509,573$812,028,917
99$1,392,671,659$154,879,591$78,950,594$891,364,851
100$1,534,598,274$162,342,797$81,469,545$978,640,290