Can I retire at age 56 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,543,485
2 years$813,526$798,375$783,691$769,454$755,645$712,268
3 years$536,964$521,747$507,100$492,997$479,412$437,386
4 years$398,709$383,539$369,039$355,176$341,921$301,567
5 years$315,778$300,700$286,390$272,810$259,923$221,353
6 years$260,509$245,544$231,445$218,168$205,668$168,919
7 years$221,047$206,207$192,332$179,368$167,263$132,336
8 years$191,463$176,758$163,113$150,467$138,761$105,637
9 years$168,466$153,899$140,489$128,165$116,857$85,506
10 years$150,079$135,655$122,482$110,479$99,568$69,949
11 years$135,045$120,765$107,831$96,150$85,632$57,699
12 years$122,526$108,393$95,697$84,337$74,207$47,907
13 years$111,940$97,955$85,499$74,457$64,710$39,988
14 years$102,875$89,039$76,821$66,094$56,724$33,522
15 years$95,026$81,338$69,359$58,944$49,944$28,200
16 years$88,165$74,626$62,885$52,778$44,141$23,792
17 years$82,117$68,728$57,222$47,421$39,138$20,121
18 years$76,747$63,508$52,237$42,736$34,800$17,052
19 years$71,948$58,858$47,820$38,615$31,018$14,474
20 years$67,634$54,694$43,887$34,974$27,706$12,304
21 years$63,736$50,945$40,367$31,741$24,794$10,472
22 years$60,197$47,556$37,205$28,860$22,224$8,921
23 years$56,971$44,478$34,352$26,283$19,950$7,607
24 years$54,018$41,673$31,770$23,972$17,931$6,491
25 years$51,305$39,108$29,425$21,892$16,135$5,542
26 years$48,805$36,755$27,290$20,017$14,534$4,735
27 years$46,495$34,591$25,342$18,322$13,104$4,046
28 years$44,353$32,595$23,558$16,787$11,824$3,460
29 years$42,362$30,749$21,923$15,394$10,676$2,959
30 years$40,508$29,040$20,420$14,128$9,647$2,531
31 years$38,776$27,452$19,037$12,975$8,722$2,166
32 years$37,157$25,975$17,762$11,925$7,889$1,854
33 years$35,638$24,599$16,585$10,966$7,140$1,587
34 years$34,212$23,314$15,496$10,090$6,464$1,359
35 years$32,870$22,113$14,487$9,288$5,855$1,163
36 years$31,606$20,989$13,553$8,554$5,305$996
37 years$30,413$19,934$12,685$7,881$4,808$853
38 years$29,285$18,945$11,879$7,264$4,359$731
39 years$28,218$18,015$11,129$6,698$3,953$626
40 years$27,206$17,139$10,432$6,178$3,585$536
41 years$26,247$16,315$9,781$5,700$3,253$459
42 years$25,336$15,538$9,175$5,260$2,952$393
43 years$24,469$14,805$8,610$4,856$2,679$337
44 years$23,644$14,112$8,082$4,484$2,431$289
45 years$22,858$13,457$7,589$4,141$2,207$247
46 years$22,108$12,837$7,127$3,825$2,004$212
47 years$21,393$12,251$6,696$3,534$1,820$182
48 years$20,709$11,695$6,292$3,265$1,653$156
49 years$20,055$11,168$5,914$3,018$1,501$133
50 years$19,429$10,668$5,560$2,789$1,363$114

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $19,900,000, adding $6,408 every year, while hoping to spend $22,723 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: 45/28/27 Blend
55$19,900,000$19,900,000$19,900,000$19,900,000
56$21,936,410$20,881,710$20,573,260$22,752,053
57$24,149,747$21,880,737$21,238,287$24,330,767
58$26,588,082$22,927,954$21,924,831$26,039,155
59$29,274,342$24,025,699$22,633,588$27,891,531
60$32,233,791$25,176,424$23,365,279$29,901,342
61$35,494,267$26,382,699$24,120,646$32,083,358
62$39,086,449$27,647,218$24,900,455$34,453,797
63$43,044,145$28,972,810$25,705,498$37,030,476
64$47,404,609$30,362,438$26,536,593$39,832,967
65$52,208,894$31,819,213$27,394,583$42,882,779
66$57,502,239$33,346,392$28,280,340$46,203,545
67$63,334,499$34,947,397$29,194,764$49,821,244
68$69,760,611$36,625,813$30,138,781$53,764,432
69$76,841,116$38,385,400$31,113,352$58,064,503
70$84,642,727$40,230,102$32,119,467$62,755,975
71$93,238,962$42,164,054$33,158,146$67,876,805
72$102,710,838$44,191,594$34,230,446$73,468,738
73$113,147,632$46,317,271$35,337,455$79,577,686
74$124,647,729$48,545,855$36,480,297$86,254,154
75$137,319,545$50,882,350$37,660,135$93,553,700
76$151,282,555$53,332,002$38,878,166$101,537,445
77$166,668,419$55,900,314$40,135,629$110,272,643
78$183,622,226$58,593,057$41,433,800$119,833,293
79$202,303,860$61,416,284$42,773,999$130,300,830
80$222,889,514$64,376,342$44,157,589$141,764,871
81$245,573,351$67,479,889$45,585,974$154,324,050
82$270,569,335$70,733,906$47,060,607$168,086,928
83$298,113,257$74,145,717$48,582,987$183,173,002
84$328,464,953$77,723,001$50,154,660$199,713,812
85$361,910,762$81,473,812$51,777,225$217,854,167
86$398,766,229$85,406,598$53,452,332$237,753,485
87$439,379,081$89,530,218$55,181,682$259,587,284
88$484,132,514$93,853,965$56,967,034$283,548,808
89$533,448,804$98,387,583$58,810,204$309,850,835
90$587,793,302$103,141,294$60,713,065$338,727,656
91$647,678,819$108,125,818$62,677,553$370,437,265
92$713,670,472$113,352,397$64,705,666$405,263,761
93$786,391,020$118,832,824$66,799,465$443,520,011
94$866,526,737$124,579,466$68,961,080$485,550,564
95$954,833,898$130,605,293$71,192,710$531,734,881
96$1,052,145,915$136,923,912$73,496,625$582,490,881
97$1,159,381,204$143,549,590$75,875,168$638,278,851
98$1,277,551,860$150,497,293$78,330,759$699,605,760
99$1,407,773,207$157,782,717$80,865,897$767,030,005
100$1,551,274,330$165,422,326$83,483,160$841,166,643