Can I retire at age 55 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%14.6%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,564,548
2 years$817,615$802,387$787,630$773,321$759,442$729,053
3 years$539,662$524,369$509,648$495,474$481,821$452,271
4 years$400,713$385,467$370,894$356,961$343,639$315,155
5 years$317,365$302,211$287,829$274,180$261,229$233,892
6 years$261,818$246,778$232,608$219,264$206,701$180,543
7 years$222,157$207,243$193,299$180,269$168,104$143,129
8 years$192,425$177,646$163,933$151,223$139,458$115,662
9 years$169,313$154,673$141,195$128,809$117,444$94,810
10 years$150,833$136,336$123,097$111,034$100,068$78,577
11 years$135,724$121,372$108,373$96,633$86,062$65,687
12 years$123,141$108,937$96,178$84,760$74,579$55,293
13 years$112,503$98,447$85,929$74,831$65,035$46,805
14 years$103,392$89,486$77,207$66,426$57,009$39,803
15 years$95,503$81,747$69,708$59,241$50,195$33,978
16 years$88,608$75,001$63,201$53,044$44,363$29,098
17 years$82,529$69,073$57,510$47,659$39,335$24,985
18 years$77,132$63,827$52,499$42,951$34,975$21,503
19 years$72,309$59,154$48,060$38,809$31,174$18,541
20 years$67,974$54,969$44,107$35,149$27,845$16,013
21 years$64,056$51,201$40,570$31,900$24,918$13,849
22 years$60,500$47,795$37,392$29,005$22,336$11,992
23 years$57,257$44,701$34,525$26,415$20,050$10,395
24 years$54,289$41,882$31,930$24,092$18,021$9,018
25 years$51,563$39,304$29,573$22,002$16,216$7,830
26 years$49,051$36,940$27,428$20,118$14,607$6,803
27 years$46,728$34,765$25,469$18,414$13,170$5,914
28 years$44,576$32,759$23,677$16,871$11,883$5,143
29 years$42,575$30,904$22,033$15,471$10,730$4,475
30 years$40,711$29,186$20,523$14,199$9,695$3,895
31 years$38,971$27,590$19,133$13,041$8,766$3,392
32 years$37,343$26,106$17,851$11,985$7,929$2,954
33 years$35,817$24,723$16,668$11,021$7,176$2,573
34 years$34,384$23,431$15,574$10,140$6,497$2,242
35 years$33,035$22,224$14,560$9,335$5,884$1,954
36 years$31,765$21,094$13,621$8,597$5,332$1,703
37 years$30,565$20,035$12,749$7,921$4,832$1,485
38 years$29,432$19,040$11,939$7,301$4,381$1,295
39 years$28,360$18,105$11,185$6,732$3,973$1,129
40 years$27,343$17,226$10,484$6,209$3,603$985
41 years$26,379$16,397$9,831$5,729$3,269$859
42 years$25,463$15,616$9,221$5,287$2,966$749
43 years$24,592$14,879$8,653$4,880$2,692$653
44 years$23,763$14,183$8,122$4,506$2,444$570
45 years$22,973$13,525$7,627$4,162$2,218$497
46 years$22,219$12,902$7,163$3,844$2,014$434
47 years$21,500$12,312$6,730$3,552$1,829$378
48 years$20,813$11,754$6,324$3,282$1,661$330
49 years$20,156$11,224$5,944$3,033$1,509$288
50 years$19,527$10,722$5,588$2,803$1,370$251

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $20,000,000, adding $5,643 every year, while hoping to spend $30,621 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: 26/45/29 Blend
54$20,000,000$20,000,000$20,000,000$20,000,000
55$22,045,821$20,985,821$20,675,821$22,419,440
56$24,261,914$21,981,545$21,335,880$23,724,494
57$26,703,022$23,025,034$22,017,025$25,120,709
58$29,392,065$24,118,596$22,719,930$26,618,122
59$32,354,299$25,264,650$23,445,291$28,225,321
60$35,617,553$26,465,734$24,193,824$29,951,693
61$39,212,498$27,724,509$24,966,272$31,807,503
62$43,172,929$29,043,766$25,763,398$33,803,981
63$47,536,088$30,426,430$26,585,992$35,953,416
64$52,343,013$31,875,570$27,434,867$38,269,258
65$57,638,930$33,394,402$28,310,864$40,766,235
66$63,473,673$34,986,301$29,214,851$43,460,479
67$69,902,161$36,654,803$30,147,722$46,369,662
68$76,984,911$38,403,618$31,110,400$49,513,153
69$84,788,613$40,236,636$32,103,839$52,912,181
70$93,386,756$42,157,936$33,129,022$56,590,023
71$102,860,326$44,171,795$34,186,965$60,572,206
72$113,298,565$46,282,699$35,278,715$64,886,732
73$124,799,820$48,495,352$36,405,352$69,564,323
74$137,472,463$50,814,686$37,567,993$74,638,692
75$151,435,923$53,245,874$38,767,789$80,146,846
76$166,821,805$55,794,340$40,005,928$86,129,409
77$183,775,139$58,465,772$41,283,637$92,630,988
78$202,455,744$61,266,136$42,602,180$99,700,569
79$223,039,741$64,201,688$43,962,864$107,391,958
80$245,721,211$67,278,987$45,367,036$115,764,266
81$270,714,031$70,504,914$46,816,088$124,882,436
82$298,253,890$73,886,682$48,311,455$134,817,834
83$328,600,516$77,431,859$49,854,618$145,648,893
84$362,040,126$81,148,378$51,447,106$157,461,823
85$398,888,131$85,044,561$53,090,496$170,351,398
86$439,492,110$89,129,134$54,786,417$184,421,813
87$484,235,093$93,411,249$56,536,550$199,787,637
88$533,539,176$97,900,503$58,342,627$216,574,861
89$587,869,506$102,606,962$60,206,440$234,922,045
90$647,738,674$107,541,182$62,129,834$254,981,594
91$713,711,551$112,714,232$64,114,716$276,921,152
92$786,410,623$118,137,723$66,163,052$300,925,143
93$866,521,866$123,823,831$68,276,874$327,196,470
94$954,801,223$129,785,325$70,458,275$355,958,382
95$1,052,081,739$136,035,597$72,709,419$387,456,532
96$1,159,281,427$142,588,692$75,032,535$421,961,249
97$1,277,411,935$149,459,341$77,429,928$459,770,033
98$1,407,588,095$156,662,991$79,903,973$501,210,311
99$1,551,038,448$164,215,844$82,457,123$546,642,468
100$1,709,116,842$172,134,893$85,091,909$596,463,188