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%17.1%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,540,999
2 years$813,526$798,375$783,691$769,454$755,645$709,810
3 years$536,964$521,747$507,100$492,997$479,412$435,035
4 years$398,709$383,539$369,039$355,176$341,921$299,341
5 years$315,778$300,700$286,390$272,810$259,923$219,257
6 years$260,509$245,544$231,445$218,168$205,668$166,954
7 years$221,047$206,207$192,332$179,368$167,263$130,500
8 years$191,463$176,758$163,113$150,467$138,761$103,927
9 years$168,466$153,899$140,489$128,165$116,857$83,918
10 years$150,079$135,655$122,482$110,479$99,568$68,479
11 years$135,045$120,765$107,831$96,150$85,632$56,341
12 years$122,526$108,393$95,697$84,337$74,207$46,657
13 years$111,940$97,955$85,499$74,457$64,710$38,839
14 years$102,875$89,039$76,821$66,094$56,724$32,469
15 years$95,026$81,338$69,359$58,944$49,944$27,237
16 years$88,165$74,626$62,885$52,778$44,141$22,914
17 years$82,117$68,728$57,222$47,421$39,138$19,322
18 years$76,747$63,508$52,237$42,736$34,800$16,326
19 years$71,948$58,858$47,820$38,615$31,018$13,817
20 years$67,634$54,694$43,887$34,974$27,706$11,710
21 years$63,736$50,945$40,367$31,741$24,794$9,935
22 years$60,197$47,556$37,205$28,860$22,224$8,438
23 years$56,971$44,478$34,352$26,283$19,950$7,172
24 years$54,018$41,673$31,770$23,972$17,931$6,101
25 years$51,305$39,108$29,425$21,892$16,135$5,192
26 years$48,805$36,755$27,290$20,017$14,534$4,421
27 years$46,495$34,591$25,342$18,322$13,104$3,766
28 years$44,353$32,595$23,558$16,787$11,824$3,210
29 years$42,362$30,749$21,923$15,394$10,676$2,736
30 years$40,508$29,040$20,420$14,128$9,647$2,333
31 years$38,776$27,452$19,037$12,975$8,722$1,990
32 years$37,157$25,975$17,762$11,925$7,889$1,697
33 years$35,638$24,599$16,585$10,966$7,140$1,448
34 years$34,212$23,314$15,496$10,090$6,464$1,236
35 years$32,870$22,113$14,487$9,288$5,855$1,054
36 years$31,606$20,989$13,553$8,554$5,305$900
37 years$30,413$19,934$12,685$7,881$4,808$768
38 years$29,285$18,945$11,879$7,264$4,359$656
39 years$28,218$18,015$11,129$6,698$3,953$560
40 years$27,206$17,139$10,432$6,178$3,585$478
41 years$26,247$16,315$9,781$5,700$3,253$408
42 years$25,336$15,538$9,175$5,260$2,952$348
43 years$24,469$14,805$8,610$4,856$2,679$297
44 years$23,644$14,112$8,082$4,484$2,431$254
45 years$22,858$13,457$7,589$4,141$2,207$217
46 years$22,108$12,837$7,127$3,825$2,004$185
47 years$21,393$12,251$6,696$3,534$1,820$158
48 years$20,709$11,695$6,292$3,265$1,653$135
49 years$20,055$11,168$5,914$3,018$1,501$115
50 years$19,429$10,668$5,560$2,789$1,363$98

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 $3,084 every year, while hoping to spend $44,047 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: 85/9/6 Blend
55$19,900,000$19,900,000$19,900,000$19,900,000
56$21,932,981$20,878,281$20,569,831$23,790,981
57$24,123,280$21,854,451$21,212,055$25,979,278
58$26,535,512$22,876,977$21,874,317$28,376,558
59$29,192,270$23,948,085$22,557,242$31,008,756
60$32,118,446$25,070,105$23,261,474$33,899,450
61$35,341,472$26,245,485$23,987,677$37,074,609
62$38,891,575$27,476,787$24,736,538$40,562,830
63$42,802,065$28,766,698$25,508,761$44,395,613
64$47,109,646$30,118,038$26,305,075$48,607,649
65$51,854,767$31,533,758$27,126,232$53,237,153
66$57,081,998$33,016,957$27,973,006$58,326,214
67$62,840,455$34,570,881$28,846,195$63,921,194
68$69,184,261$36,198,935$29,746,622$70,073,165
69$76,173,060$37,904,686$30,675,138$76,838,383
70$83,872,573$39,691,877$31,632,617$84,278,819
71$92,355,228$41,564,432$32,619,962$92,462,741
72$101,700,835$43,526,462$33,638,104$101,465,354
73$111,997,343$45,582,282$34,688,003$111,369,506
74$123,341,670$47,736,412$35,770,649$122,266,469
75$135,840,617$49,993,593$36,887,063$134,256,795
76$149,611,877$52,358,795$38,038,296$147,451,261
77$164,785,144$54,837,232$39,225,435$161,971,911
78$181,503,339$57,434,367$40,449,597$177,953,206
79$199,923,959$60,155,930$41,711,938$195,543,285
80$220,220,561$63,007,929$43,013,646$214,905,360
81$242,584,403$65,996,663$44,355,949$236,219,255
82$267,226,251$69,128,737$45,740,111$259,683,093
83$294,378,361$72,411,078$47,167,437$285,515,168
84$324,296,680$75,850,947$48,639,273$313,955,991
85$357,263,256$79,455,959$50,157,004$345,270,565
86$393,588,906$83,234,098$51,722,061$379,750,872
87$433,616,143$87,193,737$53,335,918$417,718,627
88$477,722,414$91,343,656$55,000,097$459,528,310
89$526,323,665$95,693,059$56,716,164$505,570,501
90$579,878,260$100,251,600$58,485,737$556,275,565
91$638,891,316$105,029,402$60,310,482$612,117,701
92$703,919,466$110,037,078$62,192,119$673,619,419
93$775,576,116$115,285,760$64,132,420$741,356,456
94$854,537,235$120,787,118$66,133,212$815,963,209
95$941,547,738$126,553,391$68,196,379$898,138,711
96$1,037,428,515$132,597,415$70,323,866$988,653,223
97$1,143,084,183$138,932,648$72,517,674$1,088,355,496
98$1,259,511,625$145,573,203$74,779,872$1,198,180,769
99$1,387,809,400$152,533,880$77,112,587$1,319,159,595
100$1,529,188,118$159,830,199$79,518,018$1,452,427,552