Can I retire at age 56 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,574,247
2 years$817,615$802,387$787,630$773,321$759,442$738,736
3 years$539,662$524,369$509,648$495,474$481,821$461,634
4 years$400,713$385,467$370,894$356,961$343,639$324,126
5 years$317,365$302,211$287,829$274,180$261,229$242,447
6 years$261,818$246,778$232,608$219,264$206,701$188,674
7 years$222,157$207,243$193,299$180,269$168,104$150,836
8 years$192,425$177,646$163,933$151,223$139,458$122,950
9 years$169,313$154,673$141,195$128,809$117,444$101,687
10 years$150,833$136,336$123,097$111,034$100,068$85,051
11 years$135,724$121,372$108,373$96,633$86,062$71,772
12 years$123,141$108,937$96,178$84,760$74,579$61,000
13 years$112,503$98,447$85,929$74,831$65,035$52,148
14 years$103,392$89,486$77,207$66,426$57,009$44,796
15 years$95,503$81,747$69,708$59,241$50,195$38,635
16 years$88,608$75,001$63,201$53,044$44,363$33,435
17 years$82,529$69,073$57,510$47,659$39,335$29,017
18 years$77,132$63,827$52,499$42,951$34,975$25,245
19 years$72,309$59,154$48,060$38,809$31,174$22,009
20 years$67,974$54,969$44,107$35,149$27,845$19,222
21 years$64,056$51,201$40,570$31,900$24,918$16,814
22 years$60,500$47,795$37,392$29,005$22,336$14,727
23 years$57,257$44,701$34,525$26,415$20,050$12,915
24 years$54,289$41,882$31,930$24,092$18,021$11,337
25 years$51,563$39,304$29,573$22,002$16,216$9,960
26 years$49,051$36,940$27,428$20,118$14,607$8,757
27 years$46,728$34,765$25,469$18,414$13,170$7,705
28 years$44,576$32,759$23,677$16,871$11,883$6,783
29 years$42,575$30,904$22,033$15,471$10,730$5,975
30 years$40,711$29,186$20,523$14,199$9,695$5,265
31 years$38,971$27,590$19,133$13,041$8,766$4,642
32 years$37,343$26,106$17,851$11,985$7,929$4,093
33 years$35,817$24,723$16,668$11,021$7,176$3,611
34 years$34,384$23,431$15,574$10,140$6,497$3,186
35 years$33,035$22,224$14,560$9,335$5,884$2,812
36 years$31,765$21,094$13,621$8,597$5,332$2,482
37 years$30,565$20,035$12,749$7,921$4,832$2,192
38 years$29,432$19,040$11,939$7,301$4,381$1,936
39 years$28,360$18,105$11,185$6,732$3,973$1,710
40 years$27,343$17,226$10,484$6,209$3,603$1,510
41 years$26,379$16,397$9,831$5,729$3,269$1,334
42 years$25,463$15,616$9,221$5,287$2,966$1,179
43 years$24,592$14,879$8,653$4,880$2,692$1,041
44 years$23,763$14,183$8,122$4,506$2,444$920
45 years$22,973$13,525$7,627$4,162$2,218$813
46 years$22,219$12,902$7,163$3,844$2,014$719
47 years$21,500$12,312$6,730$3,552$1,829$635
48 years$20,813$11,754$6,324$3,282$1,661$561
49 years$20,156$11,224$5,944$3,033$1,509$496
50 years$19,527$10,722$5,588$2,803$1,370$439

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $20,000,000, adding $4,170 every year, while hoping to spend $35,251 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: 38/41/21 Blend
55$20,000,000$20,000,000$20,000,000$20,000,000
56$22,044,301$20,984,301$20,674,301$22,743,173
57$24,255,313$21,975,025$21,329,384$24,240,088
58$26,690,667$23,013,113$22,005,230$25,853,148
59$29,373,208$24,100,849$22,702,498$27,595,725
60$32,328,111$25,240,627$23,421,868$29,479,538
61$35,583,118$26,434,957$24,164,040$31,517,437
62$39,168,798$27,686,471$24,929,737$33,723,511
63$43,118,837$28,997,931$25,719,705$36,113,217
64$47,470,358$30,372,228$26,534,714$38,703,511
65$52,264,266$31,812,399$27,375,558$41,513,000
66$57,545,638$33,321,623$28,243,057$44,562,107
67$63,364,148$34,903,238$29,138,054$47,873,251
68$69,774,535$36,560,740$30,061,423$51,471,050
69$76,837,120$38,297,799$31,014,063$55,382,535
70$84,618,374$40,118,259$31,996,902$59,637,398
71$93,191,548$42,026,154$33,010,898$64,268,256
72$102,637,362$44,025,711$34,057,039$69,310,944
73$113,044,768$46,121,366$35,136,345$74,804,841
74$124,511,788$48,317,767$36,249,867$80,793,221
75$137,146,443$50,619,790$37,398,690$87,323,653
76$151,067,768$53,032,548$38,583,934$94,448,426
77$166,406,938$55,561,400$39,806,753$102,225,026
78$183,308,507$58,211,970$41,068,341$110,716,664
79$201,931,770$60,990,152$42,369,925$119,992,848
80$222,452,268$63,902,127$43,712,775$130,130,023
81$245,063,446$66,954,377$45,098,200$141,212,266
82$269,978,477$70,153,701$46,527,549$153,332,065
83$297,432,276$73,507,227$48,002,216$166,591,159
84$327,683,716$77,022,429$49,523,638$181,101,481
85$361,018,073$80,707,146$51,093,298$196,986,188
86$397,749,719$84,569,599$52,712,726$214,380,792
87$438,225,089$88,618,408$54,383,501$233,434,418
88$482,825,951$92,862,613$56,107,251$254,311,177
89$531,973,011$97,311,694$57,885,657$277,191,685
90$586,129,884$101,975,592$59,720,452$302,274,738
91$645,807,469$106,864,734$61,613,425$329,779,152
92$711,568,778$111,990,052$63,566,421$359,945,798
93$784,034,241$117,363,013$65,581,344$393,039,831
94$863,887,573$122,995,640$67,660,159$429,353,163
95$951,882,224$128,900,544$69,804,892$469,207,170
96$1,048,848,489$135,090,949$72,017,634$512,955,690
97$1,155,701,353$141,580,724$74,300,543$560,988,315
98$1,273,449,124$148,384,413$76,655,845$613,734,022
99$1,403,202,954$155,517,269$79,085,835$671,665,176
100$1,546,187,329$162,995,288$81,592,883$735,301,938