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%16.2%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,554,381
2 years$817,615$802,387$787,630$773,321$759,442$718,955
3 years$539,662$524,369$509,648$495,474$481,821$442,561
4 years$400,713$385,467$370,894$356,961$343,639$305,907
5 years$317,365$302,211$287,829$274,180$261,229$225,130
6 years$261,818$246,778$232,608$219,264$206,701$172,271
7 years$222,157$207,243$193,299$180,269$168,104$135,345
8 years$192,425$177,646$163,933$151,223$139,458$108,356
9 years$169,313$154,673$141,195$128,809$117,444$87,972
10 years$150,833$136,336$123,097$111,034$100,068$72,191
11 years$135,724$121,372$108,373$96,633$86,062$59,739
12 years$123,141$108,937$96,178$84,760$74,579$49,765
13 years$112,503$98,447$85,929$74,831$65,035$41,678
14 years$103,392$89,486$77,207$66,426$57,009$35,059
15 years$95,503$81,747$69,708$59,241$50,195$29,597
16 years$88,608$75,001$63,201$53,044$44,363$25,060
17 years$82,529$69,073$57,510$47,659$39,335$21,271
18 years$77,132$63,827$52,499$42,951$34,975$18,092
19 years$72,309$59,154$48,060$38,809$31,174$15,416
20 years$67,974$54,969$44,107$35,149$27,845$13,154
21 years$64,056$51,201$40,570$31,900$24,918$11,238
22 years$60,500$47,795$37,392$29,005$22,336$9,612
23 years$57,257$44,701$34,525$26,415$20,050$8,228
24 years$54,289$41,882$31,930$24,092$18,021$7,049
25 years$51,563$39,304$29,573$22,002$16,216$6,043
26 years$49,051$36,940$27,428$20,118$14,607$5,183
27 years$46,728$34,765$25,469$18,414$13,170$4,447
28 years$44,576$32,759$23,677$16,871$11,883$3,818
29 years$42,575$30,904$22,033$15,471$10,730$3,279
30 years$40,711$29,186$20,523$14,199$9,695$2,817
31 years$38,971$27,590$19,133$13,041$8,766$2,420
32 years$37,343$26,106$17,851$11,985$7,929$2,080
33 years$35,817$24,723$16,668$11,021$7,176$1,788
34 years$34,384$23,431$15,574$10,140$6,497$1,537
35 years$33,035$22,224$14,560$9,335$5,884$1,322
36 years$31,765$21,094$13,621$8,597$5,332$1,137
37 years$30,565$20,035$12,749$7,921$4,832$978
38 years$29,432$19,040$11,939$7,301$4,381$841
39 years$28,360$18,105$11,185$6,732$3,973$723
40 years$27,343$17,226$10,484$6,209$3,603$622
41 years$26,379$16,397$9,831$5,729$3,269$535
42 years$25,463$15,616$9,221$5,287$2,966$460
43 years$24,592$14,879$8,653$4,880$2,692$396
44 years$23,763$14,183$8,122$4,506$2,444$341
45 years$22,973$13,525$7,627$4,162$2,218$293
46 years$22,219$12,902$7,163$3,844$2,014$252
47 years$21,500$12,312$6,730$3,552$1,829$217
48 years$20,813$11,754$6,324$3,282$1,661$187
49 years$20,156$11,224$5,944$3,033$1,509$161
50 years$19,527$10,722$5,588$2,803$1,370$138

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 $4,559 every year, while hoping to spend $56,820 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: 48/28/24 Blend
55$20,000,000$20,000,000$20,000,000$20,000,000
56$22,044,703$20,984,703$20,674,703$22,952,213
57$24,232,806$21,952,497$21,306,849$24,555,299
58$26,642,192$22,965,809$21,958,268$26,289,110
59$29,295,371$24,026,809$22,629,545$28,170,815
60$32,217,148$25,137,771$23,321,284$30,214,352
61$35,434,856$26,301,081$24,034,106$32,435,035
62$38,978,614$27,519,237$24,768,652$34,849,687
63$42,881,612$28,794,859$25,525,581$37,476,798
64$47,180,422$30,130,693$26,305,573$40,336,689
65$51,915,344$31,529,616$27,109,329$43,451,697
66$57,130,788$32,994,646$27,937,570$46,846,376
67$62,875,689$34,528,945$28,791,040$50,547,726
68$69,203,974$36,135,827$29,670,504$54,585,435
69$76,175,065$37,818,768$30,576,752$58,992,152
70$83,854,444$39,581,411$31,510,596$63,803,786
71$92,314,270$41,427,572$32,472,873$69,059,835
72$101,634,059$43,361,256$33,464,447$74,803,750
73$111,901,433$45,386,658$34,486,207$81,083,333
74$123,212,952$47,508,177$35,539,067$87,951,179
75$135,675,019$49,730,424$36,623,972$95,465,160
76$149,404,889$52,058,232$37,741,893$103,688,960
77$164,531,773$54,496,671$38,893,831$112,692,664
78$181,198,057$57,051,052$40,080,819$122,553,406
79$199,560,650$59,726,944$41,303,917$133,356,082
80$219,792,460$62,530,188$42,564,222$145,194,142
81$242,084,029$65,466,905$43,862,861$158,170,451
82$266,645,328$68,543,512$45,200,995$172,398,251
83$293,707,745$71,766,737$46,579,822$188,002,210
84$323,526,263$75,143,635$48,000,574$205,119,581
85$356,381,870$78,681,602$49,464,522$223,901,483
86$392,584,211$82,388,391$50,972,974$244,514,308
87$432,474,510$86,272,131$52,527,277$267,141,273
88$476,428,790$90,341,345$54,128,821$291,984,128
89$524,861,426$94,604,971$55,779,036$319,265,039
90$578,229,054$99,072,376$57,479,396$349,228,666
91$637,034,879$103,753,385$59,231,418$382,144,448
92$701,833,433$108,658,297$61,036,667$418,309,122
93$773,235,801$113,797,911$62,896,752$458,049,500
94$851,915,393$119,183,550$64,813,335$501,725,527
95$938,614,305$124,827,085$66,788,123$549,733,654
96$1,034,150,317$130,740,966$68,822,878$602,510,546
97$1,139,424,620$136,938,243$70,919,414$660,537,182
98$1,255,430,316$143,432,602$73,079,600$724,343,356
99$1,383,261,802$150,238,393$75,305,360$794,512,654
100$1,524,125,094$157,370,662$77,598,678$871,687,920