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%19.2%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,535,800
2 years$817,615$802,387$787,630$773,321$759,442$700,639
3 years$539,662$524,369$509,648$495,474$481,821$425,092
4 years$400,713$385,467$370,894$356,961$343,639$289,417
5 years$317,365$302,211$287,829$274,180$261,229$209,654
6 years$261,818$246,778$232,608$219,264$206,701$157,811
7 years$222,157$207,243$193,299$180,269$168,104$121,885
8 years$192,425$177,646$163,933$151,223$139,458$95,870
9 years$169,313$154,673$141,195$128,809$117,444$76,425
10 years$150,833$136,336$123,097$111,034$100,068$61,546
11 years$135,724$121,372$108,373$96,633$86,062$49,953
12 years$123,141$108,937$96,178$84,760$74,579$40,794
13 years$112,503$98,447$85,929$74,831$65,035$33,477
14 years$103,392$89,486$77,207$66,426$57,009$27,580
15 years$95,503$81,747$69,708$59,241$50,195$22,794
16 years$88,608$75,001$63,201$53,044$44,363$18,888
17 years$82,529$69,073$57,510$47,659$39,335$15,684
18 years$77,132$63,827$52,499$42,951$34,975$13,046
19 years$72,309$59,154$48,060$38,809$31,174$10,867
20 years$67,974$54,969$44,107$35,149$27,845$9,063
21 years$64,056$51,201$40,570$31,900$24,918$7,565
22 years$60,500$47,795$37,392$29,005$22,336$6,321
23 years$57,257$44,701$34,525$26,415$20,050$5,284
24 years$54,289$41,882$31,930$24,092$18,021$4,420
25 years$51,563$39,304$29,573$22,002$16,216$3,700
26 years$49,051$36,940$27,428$20,118$14,607$3,097
27 years$46,728$34,765$25,469$18,414$13,170$2,594
28 years$44,576$32,759$23,677$16,871$11,883$2,173
29 years$42,575$30,904$22,033$15,471$10,730$1,821
30 years$40,711$29,186$20,523$14,199$9,695$1,526
31 years$38,971$27,590$19,133$13,041$8,766$1,279
32 years$37,343$26,106$17,851$11,985$7,929$1,072
33 years$35,817$24,723$16,668$11,021$7,176$899
34 years$34,384$23,431$15,574$10,140$6,497$754
35 years$33,035$22,224$14,560$9,335$5,884$632
36 years$31,765$21,094$13,621$8,597$5,332$530
37 years$30,565$20,035$12,749$7,921$4,832$445
38 years$29,432$19,040$11,939$7,301$4,381$373
39 years$28,360$18,105$11,185$6,732$3,973$313
40 years$27,343$17,226$10,484$6,209$3,603$262
41 years$26,379$16,397$9,831$5,729$3,269$220
42 years$25,463$15,616$9,221$5,287$2,966$185
43 years$24,592$14,879$8,653$4,880$2,692$155
44 years$23,763$14,183$8,122$4,506$2,444$130
45 years$22,973$13,525$7,627$4,162$2,218$109
46 years$22,219$12,902$7,163$3,844$2,014$91
47 years$21,500$12,312$6,730$3,552$1,829$77
48 years$20,813$11,754$6,324$3,282$1,661$64
49 years$20,156$11,224$5,944$3,033$1,509$54
50 years$19,527$10,722$5,588$2,803$1,370$45

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 $5,293 every year, while hoping to spend $38,892 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: 34/37/29 Blend
55$20,000,000$20,000,000$20,000,000$20,000,000
56$22,045,460$20,985,460$20,675,460$22,601,483
57$24,252,716$21,972,366$21,326,707$24,009,663
58$26,683,809$23,006,328$21,998,467$25,523,275
59$29,361,528$24,089,609$22,691,387$27,154,779
60$32,310,988$25,224,585$23,406,133$28,914,708
61$35,559,863$26,413,743$24,143,392$30,814,601
62$39,138,647$27,659,694$24,903,874$32,867,111
63$43,080,945$28,965,175$25,688,309$35,086,110
64$47,423,787$30,333,054$26,497,453$37,486,812
65$52,207,979$31,766,340$27,332,084$40,085,907
66$57,478,489$33,268,187$28,193,005$42,901,708
67$63,284,867$34,841,900$29,081,043$45,954,314
68$69,681,719$36,490,948$29,997,053$49,265,784
69$76,729,215$38,218,966$30,941,915$52,860,340
70$84,493,666$40,029,766$31,916,540$56,764,578
71$93,048,139$41,927,344$32,921,864$61,007,707
72$102,473,157$43,915,891$33,958,853$65,621,815
73$112,857,450$45,999,802$35,028,507$70,642,151
74$124,298,801$48,183,683$36,131,852$76,107,449
75$136,904,961$50,472,365$37,269,952$82,060,275
76$150,794,671$52,870,915$38,443,899$88,547,413
77$166,098,782$55,384,645$39,654,824$95,620,291
78$182,961,488$58,019,123$40,903,892$103,335,445
79$201,541,691$60,780,191$42,192,303$111,755,041
80$222,014,495$63,673,972$43,521,296$120,947,435
81$244,572,865$66,706,888$44,892,151$130,987,803
82$269,429,445$69,885,673$46,306,186$141,958,827
83$296,818,565$73,217,388$47,764,761$153,951,455
84$326,998,457$76,709,438$49,269,278$167,065,735
85$360,253,686$80,369,587$50,821,185$181,411,736
86$396,897,842$84,205,977$52,421,975$197,110,561
87$437,276,497$88,227,145$54,073,186$214,295,465
88$481,770,471$92,442,046$55,776,409$233,113,085
89$530,799,420$96,860,068$57,533,280$253,724,792
90$584,825,806$101,491,056$59,345,490$276,308,190
91$644,359,256$106,345,335$61,214,781$301,058,756
92$709,961,376$111,433,732$63,142,952$328,191,653
93$782,251,052$116,767,601$65,131,857$357,943,730
94$861,910,295$122,358,849$67,183,410$390,575,716
95$949,690,674$128,219,961$69,299,583$426,374,647
96$1,046,420,415$134,364,032$71,482,412$465,656,537
97$1,153,012,221$140,804,793$73,733,996$508,769,314
98$1,270,471,884$147,556,645$76,056,501$556,096,068
99$1,399,907,784$154,634,688$78,452,162$608,058,618
100$1,542,541,351$162,054,761$80,923,282$665,121,447