Can I retire at age 56 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%16.4%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,514,295
2 years$797,174$782,328$767,939$753,988$740,456$699,767
3 years$526,170$511,260$496,907$483,087$469,776$430,332
4 years$390,695$375,830$361,621$348,037$335,048$297,154
5 years$309,431$294,655$280,633$267,326$254,698$218,458
6 years$255,273$240,608$226,793$213,783$201,534$166,983
7 years$216,603$202,062$188,466$175,763$163,901$131,042
8 years$187,615$173,205$159,834$147,443$135,972$104,789
9 years$165,080$150,806$137,665$125,589$114,508$84,973
10 years$147,062$132,928$120,020$108,259$97,566$69,644
11 years$132,330$118,338$105,663$94,217$83,910$57,557
12 years$120,063$106,214$93,774$82,641$72,715$47,884
13 years$109,690$95,986$83,780$72,960$63,409$40,050
14 years$100,807$87,249$75,277$64,766$55,584$33,642
15 years$93,116$79,703$67,965$57,760$48,940$28,361
16 years$86,392$73,126$61,620$51,717$43,254$23,979
17 years$80,466$67,347$56,072$46,468$38,352$20,324
18 years$75,204$62,231$51,187$41,877$34,101$17,262
19 years$70,501$57,675$46,859$37,839$30,395$14,686
20 years$66,274$53,595$43,005$34,271$27,149$12,512
21 years$62,455$49,921$39,556$31,103$24,295$10,674
22 years$58,987$46,600$36,457$28,280$21,777$9,115
23 years$55,826$43,584$33,662$25,755$19,549$7,790
24 years$52,932$40,835$31,131$23,490$17,571$6,663
25 years$50,274$38,322$28,834$21,452$15,811$5,703
26 years$47,824$36,016$26,742$19,615$14,242$4,884
27 years$45,560$33,896$24,832$17,954$12,840$4,184
28 years$43,461$31,940$23,085$16,450$11,586$3,586
29 years$41,511$30,131$21,482$15,085$10,462$3,074
30 years$39,694$28,456$20,010$13,844$9,453$2,637
31 years$37,997$26,900$18,655$12,715$8,546$2,262
32 years$36,410$25,453$17,405$11,685$7,731$1,941
33 years$34,922$24,105$16,251$10,745$6,996$1,665
34 years$33,524$22,846$15,184$9,887$6,334$1,429
35 years$32,209$21,669$14,196$9,101$5,737$1,227
36 years$30,971$20,567$13,280$8,382$5,198$1,053
37 years$29,801$19,534$12,430$7,723$4,711$904
38 years$28,696$18,564$11,640$7,118$4,271$777
39 years$27,651$17,653$10,906$6,564$3,873$667
40 years$26,660$16,795$10,222$6,054$3,513$573
41 years$25,719$15,987$9,585$5,585$3,187$492
42 years$24,826$15,226$8,991$5,155$2,892$422
43 years$23,977$14,507$8,437$4,758$2,625$363
44 years$23,169$13,828$7,919$4,394$2,383$312
45 years$22,399$13,186$7,436$4,058$2,163$268
46 years$21,664$12,579$6,984$3,748$1,964$230
47 years$20,963$12,005$6,561$3,463$1,783$198
48 years$20,293$11,460$6,166$3,200$1,619$170
49 years$19,652$10,944$5,796$2,957$1,471$146
50 years$19,039$10,454$5,449$2,733$1,336$125

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $19,500,000, adding $5,938 every year, while hoping to spend $52,365 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: 55/24/21 Blend
55$19,500,000$19,500,000$19,500,000$19,500,000
56$21,495,125$20,461,625$20,159,375$22,554,445
57$23,631,912$21,408,529$20,778,998$24,227,056
58$25,984,896$22,400,076$21,417,624$26,041,567
59$28,576,074$23,438,398$22,075,833$28,016,478
60$31,429,685$24,525,731$22,754,224$30,167,173
61$34,572,438$25,664,417$23,453,416$32,510,564
62$38,033,765$26,856,911$24,174,044$35,065,247
63$41,846,097$28,105,789$24,916,763$37,851,669
64$46,045,174$29,413,747$25,682,249$40,892,317
65$50,670,376$30,783,615$26,471,199$44,211,922
66$55,765,099$32,218,357$27,284,329$47,837,691
67$61,377,164$33,721,081$28,122,379$51,799,549
68$67,559,267$35,295,046$28,986,110$56,130,422
69$74,369,475$36,943,666$29,876,308$60,866,535
70$81,871,778$38,670,523$30,793,781$66,047,748
71$90,136,689$40,479,368$31,739,362$71,717,927
72$99,241,912$42,374,138$32,713,912$77,925,344
73$109,273,073$44,358,957$33,718,314$84,723,129
74$120,324,530$46,438,149$34,753,481$92,169,758
75$132,500,262$48,616,248$35,820,352$100,329,598
76$145,914,851$50,898,007$36,919,896$109,273,506
77$160,694,565$53,288,408$38,053,112$119,079,482
78$176,978,546$55,792,676$39,221,027$129,833,400
79$194,920,127$58,416,286$40,424,700$141,629,804
80$214,688,277$61,164,981$41,665,225$154,572,788
81$236,469,197$64,044,781$42,943,725$168,776,970
82$260,468,076$67,061,996$44,261,361$184,368,554
83$286,911,030$70,223,244$45,619,327$201,486,516
84$316,047,234$73,535,462$47,018,853$220,283,894
85$348,151,276$77,005,924$48,461,209$240,929,223
86$383,525,748$80,642,256$49,947,702$263,608,107
87$422,504,103$84,452,454$51,479,678$288,524,959
88$465,453,799$88,444,902$53,058,525$315,904,907
89$512,779,774$92,628,390$54,685,673$345,995,907
90$564,928,264$97,012,134$56,362,595$379,071,064
91$622,391,015$101,605,797$58,090,811$415,431,187
92$685,709,930$106,419,512$59,871,884$455,407,614
93$755,482,177$111,463,903$61,707,427$499,365,315
94$832,365,833$116,750,108$63,599,099$547,706,315
95$917,086,093$122,289,808$65,548,614$600,873,467
96$1,010,442,116$128,095,251$67,557,735$659,354,607
97$1,113,314,571$134,179,277$69,628,278$723,687,137
98$1,226,673,948$140,555,352$71,762,116$794,463,068
99$1,351,589,722$147,237,596$73,961,178$872,334,583
100$1,489,240,449$154,240,813$76,227,452$958,020,163