Can I retire at age 55 with 19,200,000?

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 $19,200,000?

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 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,487,391
2 years$784,910$770,292$756,124$742,388$729,064$685,434
3 years$518,075$503,394$489,263$475,655$462,548$420,298
4 years$384,684$370,048$356,058$342,683$329,893$289,347
5 years$304,671$290,122$276,316$263,213$250,780$212,048
6 years$251,346$236,907$223,304$210,494$198,433$161,553
7 years$213,271$198,954$185,567$173,059$161,380$126,350
8 years$184,728$170,540$157,375$145,175$133,880$100,681
9 years$162,540$148,486$135,547$123,656$112,746$81,346
10 years$144,800$130,883$118,173$106,593$96,065$66,422
11 years$130,295$116,517$104,038$92,768$82,619$54,684
12 years$118,216$104,580$92,331$81,370$71,596$45,314
13 years$108,003$94,510$82,492$71,837$62,433$37,747
14 years$99,257$85,907$74,119$63,769$54,729$31,578
15 years$91,683$78,477$66,919$56,871$48,187$26,508
16 years$85,063$72,001$60,672$50,922$42,588$22,317
17 years$79,228$66,311$55,209$45,753$37,762$18,833
18 years$74,047$61,274$50,399$41,233$33,576$15,924
19 years$69,417$56,788$46,138$37,257$29,927$13,487
20 years$65,255$52,770$42,343$33,743$26,731$11,439
21 years$61,494$49,153$38,947$30,624$23,921$9,713
22 years$58,080$45,883$35,896$27,845$21,442$8,255
23 years$54,967$42,913$33,144$25,359$19,248$7,023
24 years$52,118$40,207$30,652$23,128$17,300$5,978
25 years$49,501$37,732$28,390$21,122$15,568$5,092
26 years$47,089$35,462$26,330$19,313$14,023$4,339
27 years$44,859$33,374$24,450$17,678$12,643$3,700
28 years$42,793$31,448$22,730$16,197$11,408$3,155
29 years$40,872$29,668$21,152$14,853$10,301$2,692
30 years$39,083$28,018$19,702$13,631$9,308$2,297
31 years$37,412$26,486$18,368$12,519$8,415$1,961
32 years$35,850$25,062$17,137$11,505$7,612$1,674
33 years$34,384$23,734$16,001$10,580$6,889$1,430
34 years$33,008$22,494$14,951$9,735$6,237$1,221
35 years$31,714$21,335$13,978$8,961$5,649$1,043
36 years$30,494$20,250$13,076$8,253$5,118$891
37 years$29,343$19,233$12,239$7,604$4,639$761
38 years$28,255$18,278$11,461$7,009$4,206$650
39 years$27,225$17,381$10,738$6,463$3,814$555
40 years$26,249$16,537$10,065$5,961$3,459$475
41 years$25,324$15,741$9,437$5,500$3,138$405
42 years$24,444$14,991$8,853$5,075$2,848$346
43 years$23,608$14,284$8,307$4,685$2,584$296
44 years$22,812$13,615$7,798$4,326$2,346$253
45 years$22,054$12,984$7,322$3,995$2,130$216
46 years$21,331$12,386$6,877$3,690$1,934$185
47 years$20,640$11,820$6,460$3,410$1,756$158
48 years$19,980$11,284$6,071$3,151$1,595$135
49 years$19,350$10,775$5,706$2,912$1,448$115
50 years$18,746$10,293$5,365$2,691$1,315$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $19,200,000, adding $5,000 every year, while hoping to spend $29,714 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: 39/41/20 Blend
54$19,200,000$19,200,000$19,200,000$19,200,000
55$21,163,558$20,145,958$19,848,358$21,862,561
56$23,290,625$21,101,494$20,481,662$23,321,050
57$25,633,657$22,102,856$21,135,186$24,893,864
58$28,214,652$23,152,257$21,809,576$26,593,926
59$31,057,848$24,252,019$22,505,499$28,432,789
60$34,189,957$25,404,577$23,223,642$30,423,124
61$37,640,414$26,612,483$23,964,715$32,578,824
62$41,441,655$27,878,413$24,729,452$34,915,134
63$45,629,423$29,205,174$25,518,607$37,448,778
64$50,243,105$30,595,709$26,332,962$40,198,111
65$55,326,107$32,053,104$27,173,322$43,183,282
66$60,926,259$33,580,595$28,040,516$46,426,410
67$67,096,268$35,181,574$28,935,404$49,951,786
68$73,894,217$36,859,601$29,858,870$53,786,084
69$81,384,112$38,618,407$30,811,827$57,958,609
70$89,636,486$40,461,903$31,795,218$62,501,549
71$98,729,064$42,394,194$32,810,015$67,450,277
72$108,747,500$44,419,580$33,857,222$72,843,663
73$119,786,181$46,542,575$34,937,874$78,724,425
74$131,949,119$48,767,910$36,053,041$85,139,525
75$145,350,937$51,100,545$37,203,826$92,140,584
76$160,117,946$53,545,685$38,391,367$99,784,363
77$176,389,337$56,108,784$39,616,838$108,133,273
78$194,318,500$58,795,565$40,881,453$117,255,950
79$214,074,467$61,612,028$42,186,462$127,227,879
80$235,843,511$64,564,465$43,533,157$138,132,089
81$259,830,901$67,659,476$44,922,869$150,059,915
82$286,262,842$70,903,979$46,356,974$163,111,837
83$315,388,610$74,305,233$47,836,892$177,398,402
84$347,482,906$77,870,847$49,364,085$193,041,248
85$382,848,447$81,608,803$50,940,067$210,174,221
86$421,818,825$85,527,471$52,566,395$228,944,615
87$464,761,657$89,635,629$54,244,681$249,514,533
88$512,082,053$93,942,481$55,976,585$272,062,384
89$564,226,442$98,457,683$57,763,820$296,784,543
90$621,686,788$103,191,358$59,608,157$323,897,166
91$685,005,230$108,154,124$61,511,420$353,638,197
92$754,779,204$113,357,117$63,475,493$386,269,582
93$831,667,083$118,812,016$65,502,322$422,079,699
94$916,394,387$124,531,067$67,593,912$461,386,047
95$1,009,760,641$130,527,115$69,752,334$504,538,197
96$1,112,646,914$136,813,631$71,979,725$551,921,051
97$1,226,024,144$143,404,744$74,278,290$603,958,431
98$1,350,962,299$150,315,269$76,650,305$661,117,031
99$1,488,640,482$157,560,746$79,098,120$723,910,775
100$1,640,358,061$165,157,472$81,624,156$792,905,616