Can I retire at age 55 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,495,034
2 years$797,174$782,328$767,939$753,988$740,456$680,799
3 years$526,170$511,260$496,907$483,087$469,776$412,262
4 years$390,695$375,830$361,621$348,037$335,048$280,116
5 years$309,431$294,655$280,633$267,326$254,698$202,489
6 years$255,273$240,608$226,793$213,783$201,534$152,083
7 years$216,603$202,062$188,466$175,763$163,901$117,192
8 years$187,615$173,205$159,834$147,443$135,972$91,959
9 years$165,080$150,806$137,665$125,589$114,508$73,128
10 years$147,062$132,928$120,020$108,259$97,566$58,741
11 years$132,330$118,338$105,663$94,217$83,910$47,553
12 years$120,063$106,214$93,774$82,641$72,715$38,730
13 years$109,690$95,986$83,780$72,960$63,409$31,696
14 years$100,807$87,249$75,277$64,766$55,584$26,040
15 years$93,116$79,703$67,965$57,760$48,940$21,460
16 years$86,392$73,126$61,620$51,717$43,254$17,731
17 years$80,466$67,347$56,072$46,468$38,352$14,679
18 years$75,204$62,231$51,187$41,877$34,101$12,174
19 years$70,501$57,675$46,859$37,839$30,395$10,110
20 years$66,274$53,595$43,005$34,271$27,149$8,406
21 years$62,455$49,921$39,556$31,103$24,295$6,995
22 years$58,987$46,600$36,457$28,280$21,777$5,826
23 years$55,826$43,584$33,662$25,755$19,549$4,855
24 years$52,932$40,835$31,131$23,490$17,571$4,049
25 years$50,274$38,322$28,834$21,452$15,811$3,378
26 years$47,824$36,016$26,742$19,615$14,242$2,819
27 years$45,560$33,896$24,832$17,954$12,840$2,353
28 years$43,461$31,940$23,085$16,450$11,586$1,965
29 years$41,511$30,131$21,482$15,085$10,462$1,641
30 years$39,694$28,456$20,010$13,844$9,453$1,371
31 years$37,997$26,900$18,655$12,715$8,546$1,145
32 years$36,410$25,453$17,405$11,685$7,731$957
33 years$34,922$24,105$16,251$10,745$6,996$800
34 years$33,524$22,846$15,184$9,887$6,334$668
35 years$32,209$21,669$14,196$9,101$5,737$559
36 years$30,971$20,567$13,280$8,382$5,198$467
37 years$29,801$19,534$12,430$7,723$4,711$390
38 years$28,696$18,564$11,640$7,118$4,271$326
39 years$27,651$17,653$10,906$6,564$3,873$273
40 years$26,660$16,795$10,222$6,054$3,513$228
41 years$25,719$15,987$9,585$5,585$3,187$191
42 years$24,826$15,226$8,991$5,155$2,892$159
43 years$23,977$14,507$8,437$4,758$2,625$133
44 years$23,169$13,828$7,919$4,394$2,383$111
45 years$22,399$13,186$7,436$4,058$2,163$93
46 years$21,664$12,579$6,984$3,748$1,964$78
47 years$20,963$12,005$6,561$3,463$1,783$65
48 years$20,293$11,460$6,166$3,200$1,619$54
49 years$19,652$10,944$5,796$2,957$1,471$46
50 years$19,039$10,454$5,449$2,733$1,336$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $19,500,000, adding $4,473 every year, while hoping to spend $37,558 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: 75/12/13 Blend
54$19,500,000$19,500,000$19,500,000$19,500,000
55$21,493,614$20,460,114$20,157,864$23,047,901
56$23,646,001$21,422,698$20,793,191$25,037,244
57$26,016,673$22,431,190$21,448,543$27,211,713
58$28,627,855$23,487,800$22,124,550$29,593,798
59$31,504,038$24,594,844$22,821,865$32,204,122
60$34,672,211$25,754,752$23,541,158$35,065,386
61$38,162,112$26,970,070$24,283,122$38,202,584
62$42,006,512$28,243,469$25,048,472$41,643,233
63$46,241,526$29,577,748$25,837,945$45,417,632
64$50,906,947$30,975,843$26,652,301$49,559,143
65$56,046,628$32,440,832$27,492,326$54,104,503
66$61,708,892$33,975,940$28,358,826$59,094,167
67$67,946,990$35,584,553$29,252,638$64,572,684
68$74,819,604$37,270,217$30,174,623$70,589,118
69$82,391,398$39,036,652$31,125,667$77,197,500
70$90,733,631$40,887,758$32,106,688$84,457,342
71$99,924,829$42,827,626$33,118,629$92,434,185
72$110,051,524$44,860,543$34,162,466$101,200,221
73$121,209,075$46,991,005$35,239,204$110,834,964
74$133,502,564$49,223,727$36,349,880$121,425,997
75$147,047,788$51,563,652$37,495,564$133,069,794
76$161,972,356$54,015,965$38,677,359$145,872,624
77$178,416,890$56,586,100$39,896,404$159,951,547
78$196,536,351$59,279,758$41,153,872$175,435,516
79$216,501,507$62,102,914$42,450,975$192,466,585
80$238,500,540$65,061,836$43,788,962$211,201,243
81$262,740,825$68,163,096$45,169,122$231,811,886
82$289,450,885$71,413,584$46,592,784$254,488,435
83$318,882,553$74,820,527$48,061,319$279,440,124
84$351,313,342$78,391,501$49,576,142$306,897,462
85$387,049,072$82,134,454$51,138,712$337,114,404
86$426,426,752$86,057,717$52,750,533$370,370,742
87$469,817,763$90,170,028$54,413,159$406,974,730
88$517,631,366$94,480,550$56,128,191$447,265,989
89$570,318,560$98,998,891$57,897,280$491,618,705
90$628,376,345$103,735,129$59,722,130$540,445,143
91$692,352,410$108,699,828$61,604,500$594,199,537
92$762,850,307$113,904,071$63,546,202$653,382,359
93$840,535,145$119,359,477$65,549,107$718,545,038
94$926,139,871$125,078,233$67,615,143$790,295,147
95$1,020,472,189$131,073,117$69,746,300$869,302,130
96$1,124,422,183$137,357,531$71,944,633$956,303,605
97$1,238,970,724$143,945,529$74,212,257$1,052,112,316
98$1,365,198,728$150,851,849$76,551,357$1,157,623,788
99$1,504,297,357$158,091,948$78,964,186$1,273,824,765
100$1,657,579,269$165,682,035$81,453,068$1,401,802,514