Can I retire at age 55 with 19,300,000?

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 $19,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,593,776$1,579,579$1,565,729$1,552,210$1,539,009$1,501,804
2 years$788,998$774,304$760,063$746,255$732,861$695,602
3 years$520,774$506,016$491,811$478,133$464,957$428,807
4 years$386,688$371,975$357,912$344,468$331,612$296,849
5 years$306,257$291,633$277,755$264,584$252,086$218,809
6 years$252,655$238,140$224,467$211,590$199,467$167,708
7 years$214,382$199,990$186,533$173,960$162,220$131,984
8 years$185,691$171,428$158,195$145,931$134,577$105,851
9 years$163,387$149,259$136,253$124,301$113,333$86,094
10 years$145,554$131,565$118,789$107,148$96,566$70,782
11 years$130,973$117,124$104,580$93,251$83,050$58,685
12 years$118,831$105,124$92,812$81,794$71,969$48,983
13 years$108,565$95,002$82,921$72,212$62,759$41,106
14 years$99,774$86,354$74,505$64,101$55,014$34,649
15 years$92,161$78,886$67,268$57,167$48,438$29,312
16 years$85,506$72,376$60,988$51,187$42,810$24,872
17 years$79,641$66,656$55,497$45,991$37,958$21,157
18 years$74,433$61,593$50,662$41,447$33,751$18,036
19 years$69,778$57,084$46,378$37,451$30,083$15,402
20 years$65,595$53,045$42,564$33,919$26,871$13,172
21 years$61,814$49,409$39,150$30,784$24,046$11,280
22 years$58,382$46,122$36,083$27,990$21,554$9,670
23 years$55,253$43,137$33,316$25,491$19,348$8,297
24 years$52,389$40,416$30,812$23,249$17,390$7,125
25 years$49,758$37,929$28,538$21,232$15,649$6,122
26 years$47,334$35,647$26,468$19,414$14,096$5,264
27 years$45,093$33,548$24,578$17,770$12,709$4,528
28 years$43,015$31,612$22,848$16,281$11,467$3,897
29 years$41,085$29,822$21,262$14,930$10,355$3,355
30 years$39,286$28,164$19,805$13,702$9,356$2,889
31 years$37,607$26,624$18,463$12,584$8,459$2,488
32 years$36,036$25,192$17,227$11,565$7,652$2,144
33 years$34,563$23,857$16,085$10,635$6,925$1,848
34 years$33,180$22,611$15,029$9,785$6,269$1,592
35 years$31,879$21,446$14,051$9,008$5,678$1,373
36 years$30,653$20,356$13,144$8,296$5,145$1,183
37 years$29,496$19,333$12,303$7,644$4,663$1,020
38 years$28,402$18,374$11,521$7,045$4,228$880
39 years$27,367$17,471$10,794$6,496$3,834$759
40 years$26,386$16,623$10,117$5,992$3,477$654
41 years$25,456$15,823$9,487$5,528$3,155$564
42 years$24,572$15,070$8,899$5,102$2,863$487
43 years$23,731$14,358$8,350$4,710$2,598$420
44 years$22,931$13,686$7,838$4,349$2,358$362
45 years$22,169$13,051$7,360$4,016$2,141$312
46 years$21,442$12,450$6,912$3,710$1,944$270
47 years$20,748$11,881$6,494$3,427$1,765$233
48 years$20,085$11,342$6,103$3,167$1,603$201
49 years$19,450$10,831$5,736$2,927$1,456$173
50 years$18,844$10,347$5,393$2,705$1,322$149

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $19,300,000, adding $6,365 every year, while hoping to spend $39,464 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: 46/24/30 Blend
54$19,300,000$19,300,000$19,300,000$19,300,000
55$21,275,165$20,252,265$19,953,115$22,069,529
56$23,403,243$21,202,637$20,579,555$23,585,125
57$25,747,062$22,198,254$21,225,659$25,224,325
58$28,328,586$23,241,292$21,892,042$27,002,253
59$31,172,018$24,334,032$22,579,341$28,931,947
60$34,304,028$25,478,864$23,288,214$31,027,735
61$37,754,006$26,678,296$24,019,336$33,305,354
62$41,554,338$27,934,955$24,773,407$35,782,100
63$45,740,710$29,251,598$25,551,146$38,476,981
64$50,352,448$30,631,112$26,353,295$41,410,890
65$55,432,889$32,076,528$27,180,622$44,606,794
66$61,029,787$33,591,020$28,033,915$48,089,945
67$67,195,764$35,177,919$28,913,990$51,888,111
68$73,988,810$36,840,716$29,821,688$56,031,828
69$81,472,828$38,583,070$30,757,874$60,554,678
70$89,718,237$40,408,821$31,723,442$65,493,602
71$98,802,635$42,321,991$32,719,316$70,889,236
72$108,811,536$44,326,801$33,746,445$76,786,285
73$119,839,172$46,427,673$34,805,811$83,233,935
74$131,989,386$48,629,248$35,898,424$90,286,309
75$145,376,611$50,936,388$37,025,328$98,002,962
76$160,126,948$53,354,194$38,187,600$106,449,436
77$176,379,360$55,888,013$39,386,347$115,697,864
78$194,286,981$58,543,452$40,622,717$125,827,639
79$214,018,563$61,326,391$41,897,887$136,926,152
80$235,760,067$64,242,995$43,213,077$149,089,599
81$259,716,420$67,299,727$44,569,541$162,423,880
82$286,113,449$70,503,368$45,968,575$177,045,578
83$315,200,012$73,861,025$47,411,514$193,083,049
84$347,250,350$77,380,151$48,899,735$210,677,614
85$382,566,669$81,068,563$50,434,661$229,984,878
86$421,482,002$84,934,455$52,017,754$251,176,177
87$464,363,345$88,986,422$53,650,528$274,440,183
88$511,615,126$93,233,476$55,334,540$299,984,660
89$563,683,020$97,685,068$57,071,399$328,038,407
90$621,058,159$102,351,106$58,862,761$358,853,399
91$684,281,765$107,241,984$60,710,337$392,707,139
92$753,950,262$112,368,599$62,615,891$429,905,256
93$830,720,907$117,742,378$64,581,241$470,784,369
94$915,317,990$123,375,306$66,608,264$515,715,233
95$1,008,539,678$129,279,949$68,698,893$565,106,219
96$1,111,265,544$135,469,486$70,855,126$619,407,137
97$1,224,464,876$141,957,736$73,079,018$679,113,457
98$1,349,205,822$148,759,194$75,372,694$744,770,951
99$1,486,665,479$155,889,058$77,738,343$816,980,818
100$1,638,141,002$163,363,266$80,178,221$896,405,326