Can I retire at age 56 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,527,631
2 years$801,262$786,339$771,877$757,855$744,253$708,877
3 years$528,869$513,882$499,455$485,565$472,185$437,839
4 years$392,699$377,757$363,476$349,822$336,766$303,715
5 years$311,018$296,166$282,072$268,697$256,004$224,340
6 years$256,582$241,842$227,956$214,879$202,567$172,323
7 years$217,714$203,099$189,433$176,664$164,742$135,923
8 years$188,577$174,093$160,654$148,199$136,669$109,265
9 years$165,926$151,579$138,371$126,233$115,095$89,085
10 years$147,817$133,610$120,635$108,814$98,067$73,423
11 years$133,009$118,945$106,205$94,701$84,341$61,030
12 years$120,678$106,759$94,254$83,065$73,088$51,073
13 years$110,253$96,479$84,210$73,334$63,734$42,975
14 years$101,324$87,696$75,663$65,098$55,869$36,323
15 years$93,593$80,112$68,314$58,056$49,191$30,814
16 years$86,835$73,501$61,936$51,983$43,475$26,221
17 years$80,879$67,692$56,360$46,706$38,548$22,370
18 years$75,590$62,550$51,449$42,092$34,275$19,125
19 years$70,863$57,971$47,099$38,033$30,550$16,381
20 years$66,614$53,870$43,225$34,446$27,288$14,052
21 years$62,775$50,177$39,759$31,262$24,420$12,070
22 years$59,290$46,839$36,644$28,425$21,889$10,380
23 years$56,112$43,807$33,834$25,887$19,649$8,934
24 years$53,204$41,045$31,291$23,610$17,661$7,696
25 years$50,532$38,518$28,982$21,562$15,892$6,634
26 years$48,070$36,201$26,879$19,715$14,315$5,723
27 years$45,794$34,069$24,960$18,046$12,906$4,939
28 years$43,684$32,103$23,203$16,534$11,645$4,264
29 years$41,724$30,286$21,592$15,162$10,516$3,683
30 years$39,897$28,602$20,113$13,915$9,501$3,182
31 years$38,192$27,038$18,750$12,780$8,590$2,750
32 years$36,596$25,584$17,494$11,745$7,770$2,377
33 years$35,101$24,228$16,335$10,800$7,032$2,055
34 years$33,696$22,963$15,262$9,937$6,367$1,778
35 years$32,375$21,780$14,269$9,148$5,767$1,537
36 years$31,129$20,672$13,348$8,425$5,225$1,330
37 years$29,954$19,634$12,494$7,763$4,736$1,151
38 years$28,843$18,659$11,700$7,155$4,293$996
39 years$27,792$17,743$10,962$6,597$3,893$861
40 years$26,796$16,881$10,274$6,085$3,531$745
41 years$25,851$16,069$9,634$5,614$3,204$645
42 years$24,954$15,304$9,037$5,181$2,907$558
43 years$24,100$14,581$8,480$4,783$2,638$483
44 years$23,288$13,899$7,960$4,416$2,395$418
45 years$22,513$13,254$7,474$4,078$2,174$362
46 years$21,775$12,644$7,020$3,767$1,974$313
47 years$21,070$12,066$6,595$3,481$1,792$271
48 years$20,397$11,519$6,198$3,216$1,628$235
49 years$19,753$11,000$5,825$2,972$1,478$203
50 years$19,136$10,507$5,477$2,747$1,343$176

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $19,600,000, adding $6,098 every year, while hoping to spend $55,552 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: 36/35/29 Blend
55$19,600,000$19,600,000$19,600,000$19,600,000
56$21,605,490$20,566,690$20,262,890$22,195,082
57$23,750,143$21,515,351$20,882,590$23,584,102
58$26,111,689$22,508,634$21,521,188$25,077,174
59$28,712,192$23,548,668$22,179,259$26,688,050
60$31,575,965$24,637,683$22,857,393$28,427,371
61$34,729,800$25,778,015$23,556,202$30,306,807
62$38,203,218$26,972,117$24,276,314$32,339,157
63$42,028,751$28,222,555$25,018,374$34,538,466
64$46,242,245$29,532,022$25,783,052$36,920,142
65$50,883,202$30,903,339$26,571,032$39,501,099
66$55,995,151$32,339,465$27,383,024$42,299,902
67$61,626,057$33,843,499$28,219,756$45,336,939
68$67,828,777$35,418,693$29,081,980$48,634,598
69$74,661,556$37,068,452$29,970,469$52,217,467
70$82,188,576$38,796,348$30,886,022$56,112,560
71$90,480,566$40,606,124$31,829,459$60,349,557
72$99,615,465$42,501,706$32,801,627$64,961,073
73$109,679,159$44,487,206$33,803,398$69,982,952
74$120,766,292$46,566,937$34,835,670$75,454,594
75$132,981,157$48,745,421$35,899,369$81,419,313
76$146,438,685$51,027,396$36,995,448$87,924,729
77$161,265,525$53,417,832$38,124,889$95,023,205
78$177,601,240$55,921,938$39,288,704$102,772,326
79$195,599,627$58,545,173$40,487,936$111,235,422
80$215,430,165$61,293,263$41,723,659$120,482,153
81$237,279,620$64,172,211$42,996,979$130,589,149
82$261,353,799$67,188,307$44,309,036$141,640,709
83$287,879,501$70,348,149$45,661,003$153,729,584
84$317,106,656$73,658,653$47,054,092$166,957,827
85$349,310,678$77,127,071$48,489,548$181,437,737
86$384,795,074$80,761,004$49,968,654$197,292,898
87$423,894,301$84,568,423$51,492,734$214,659,318
88$466,976,929$88,557,685$53,063,150$233,686,693
89$514,449,115$92,737,551$54,681,304$254,539,791
90$566,758,441$97,117,207$56,348,644$277,399,984
91$624,398,137$101,706,285$58,066,659$302,466,928
92$687,911,738$106,514,884$59,836,883$329,960,423
93$757,898,213$111,553,591$61,660,896$360,122,454
94$835,017,622$116,833,508$63,540,328$393,219,443
95$919,997,345$122,366,276$65,476,854$429,544,733
96$1,013,638,950$128,164,099$67,472,205$469,421,323
97$1,116,825,757$134,239,774$69,528,158$513,204,874
98$1,230,531,181$140,606,720$71,646,548$561,287,037
99$1,355,827,918$147,279,006$73,829,264$614,099,103
100$1,493,898,073$154,271,385$76,078,252$672,116,038