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

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 $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%11.1%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,587,440
2 years$817,615$802,387$787,630$773,321$759,442$751,985
3 years$539,662$524,369$509,648$495,474$481,821$474,526
4 years$400,713$385,467$370,894$356,961$343,639$336,561
5 years$317,365$302,211$287,829$274,180$261,229$254,389
6 years$261,818$246,778$232,608$219,264$206,701$200,109
7 years$222,157$207,243$193,299$180,269$168,104$161,762
8 years$192,425$177,646$163,933$151,223$139,458$133,368
9 years$169,313$154,673$141,195$128,809$117,444$111,604
10 years$150,833$136,336$123,097$111,034$100,068$94,475
11 years$135,724$121,372$108,373$96,633$86,062$80,712
12 years$123,141$108,937$96,178$84,760$74,579$69,469
13 years$112,503$98,447$85,929$74,831$65,035$60,159
14 years$103,392$89,486$77,207$66,426$57,009$52,362
15 years$95,503$81,747$69,708$59,241$50,195$45,772
16 years$88,608$75,001$63,201$53,044$44,363$40,157
17 years$82,529$69,073$57,510$47,659$39,335$35,340
18 years$77,132$63,827$52,499$42,951$34,975$31,184
19 years$72,309$59,154$48,060$38,809$31,174$27,581
20 years$67,974$54,969$44,107$35,149$27,845$24,443
21 years$64,056$51,201$40,570$31,900$24,918$21,700
22 years$60,500$47,795$37,392$29,005$22,336$19,295
23 years$57,257$44,701$34,525$26,415$20,050$17,179
24 years$54,289$41,882$31,930$24,092$18,021$15,314
25 years$51,563$39,304$29,573$22,002$16,216$13,665
26 years$49,051$36,940$27,428$20,118$14,607$12,205
27 years$46,728$34,765$25,469$18,414$13,170$10,910
28 years$44,576$32,759$23,677$16,871$11,883$9,760
29 years$42,575$30,904$22,033$15,471$10,730$8,736
30 years$40,711$29,186$20,523$14,199$9,695$7,825
31 years$38,971$27,590$19,133$13,041$8,766$7,012
32 years$37,343$26,106$17,851$11,985$7,929$6,286
33 years$35,817$24,723$16,668$11,021$7,176$5,638
34 years$34,384$23,431$15,574$10,140$6,497$5,059
35 years$33,035$22,224$14,560$9,335$5,884$4,540
36 years$31,765$21,094$13,621$8,597$5,332$4,076
37 years$30,565$20,035$12,749$7,921$4,832$3,660
38 years$29,432$19,040$11,939$7,301$4,381$3,288
39 years$28,360$18,105$11,185$6,732$3,973$2,954
40 years$27,343$17,226$10,484$6,209$3,603$2,654
41 years$26,379$16,397$9,831$5,729$3,269$2,386
42 years$25,463$15,616$9,221$5,287$2,966$2,144
43 years$24,592$14,879$8,653$4,880$2,692$1,928
44 years$23,763$14,183$8,122$4,506$2,444$1,733
45 years$22,973$13,525$7,627$4,162$2,218$1,559
46 years$22,219$12,902$7,163$3,844$2,014$1,402
47 years$21,500$12,312$6,730$3,552$1,829$1,261
48 years$20,813$11,754$6,324$3,282$1,661$1,134
49 years$20,156$11,224$5,944$3,033$1,509$1,020
50 years$19,527$10,722$5,588$2,803$1,370$917

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 $6,906 every year, while hoping to spend $26,796 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: 59/23/18 Blend
55$20,000,000$20,000,000$20,000,000$20,000,000
56$22,047,124$20,987,124$20,677,124$23,244,175
57$24,267,419$21,986,982$21,341,296$25,055,320
58$26,713,287$23,034,935$22,026,821$27,026,012
59$29,407,707$24,133,312$22,734,384$29,174,575
60$32,376,003$25,284,553$23,464,695$31,518,195
61$35,646,079$26,491,220$24,218,486$34,075,770
62$39,248,686$27,755,997$24,996,513$36,868,081
63$43,217,710$29,081,699$25,799,554$39,917,984
64$47,590,492$30,471,278$26,628,415$43,250,620
65$52,408,183$31,927,831$27,483,928$46,893,647
66$57,716,127$33,454,605$28,366,949$50,877,488
67$63,564,295$35,055,003$29,278,364$55,235,620
68$70,007,750$36,732,595$30,219,087$60,004,876
69$77,107,175$38,491,127$31,190,060$65,225,789
70$84,929,439$40,334,523$32,192,259$70,942,965
71$93,548,229$42,266,902$33,226,687$77,205,494
72$103,044,749$44,292,582$34,294,382$84,067,407
73$113,508,484$46,416,089$35,396,415$91,588,179
74$125,038,045$48,642,173$36,533,890$99,833,276
75$137,742,100$50,975,814$37,707,950$108,874,764
76$151,740,399$53,422,233$38,919,771$118,791,982
77$167,164,906$55,986,908$40,170,569$129,672,278
78$184,161,042$58,675,583$41,461,598$141,611,822
79$202,889,061$61,494,279$42,794,155$154,716,502
80$223,525,562$64,449,315$44,169,576$169,102,910
81$246,265,153$67,547,315$45,589,240$184,899,434
82$271,322,291$70,795,227$47,054,573$202,247,450
83$298,933,308$74,200,336$48,567,044$221,302,648
84$329,358,637$77,770,284$50,128,171$242,236,482
85$362,885,274$81,513,085$51,739,522$265,237,777
86$399,829,489$85,437,142$53,402,712$290,514,493
87$440,539,805$89,551,271$55,119,412$318,295,671
88$485,400,297$93,864,715$56,891,344$348,833,579
89$534,834,210$98,387,169$58,720,287$382,406,073
90$589,307,960$103,128,800$60,608,076$419,319,202
91$649,335,532$108,100,272$62,556,607$459,910,075
92$715,483,339$113,312,768$64,567,836$504,550,024
93$788,375,563$118,778,017$66,643,782$553,648,085
94$868,700,051$124,508,320$68,786,529$607,654,839
95$957,214,808$130,516,579$70,998,230$667,066,638
96$1,054,755,151$136,816,324$73,281,103$732,430,267
97$1,162,241,599$143,421,747$75,637,443$804,348,079
98$1,280,688,559$150,347,730$78,069,614$883,483,653
99$1,411,213,907$157,609,883$80,580,061$970,568,030
100$1,555,049,536$165,224,578$83,171,303$1,066,406,581