Can I retire at age 56 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,521,839
2 years$805,350$790,351$775,815$761,721$748,050$699,053
3 years$531,567$516,503$502,004$488,042$474,594$427,203
4 years$394,702$379,685$365,330$351,607$338,484$293,064
5 years$312,605$297,677$283,511$270,068$257,310$213,982
6 years$257,891$243,076$229,119$215,975$203,601$162,402
7 years$218,825$204,135$190,399$177,565$165,582$126,509
8 years$189,539$174,981$161,474$148,955$137,366$100,394
9 years$166,773$152,353$139,077$126,877$115,682$80,769
10 years$148,571$134,291$121,251$109,369$98,567$65,662
11 years$133,688$119,552$106,747$95,184$84,771$53,815
12 years$121,294$107,303$94,735$83,489$73,461$44,389
13 years$110,815$96,971$84,640$73,708$64,059$36,801
14 years$101,841$88,144$76,049$65,430$56,154$30,638
15 years$94,071$80,521$68,662$58,352$49,442$25,593
16 years$87,278$73,876$62,253$52,248$43,697$21,438
17 years$81,291$68,037$56,647$46,944$38,745$17,998
18 years$75,975$62,870$51,712$42,306$34,450$15,140
19 years$71,225$58,267$47,339$38,227$30,706$12,755
20 years$66,954$54,144$43,446$34,622$27,427$10,760
21 years$63,095$50,433$39,962$31,422$24,544$9,088
22 years$59,592$47,078$36,831$28,570$22,001$7,682
23 years$56,398$44,031$34,007$26,019$19,749$6,499
24 years$53,475$41,254$31,451$23,731$17,751$5,502
25 years$50,790$38,715$29,130$21,672$15,973$4,660
26 years$48,315$36,386$27,016$19,816$14,388$3,949
27 years$46,027$34,243$25,087$18,138$12,972$3,348
28 years$43,907$32,267$23,322$16,618$11,705$2,839
29 years$41,936$30,440$21,703$15,239$10,569$2,408
30 years$40,101$28,748$20,215$13,986$9,550$2,043
31 years$38,387$27,176$18,846$12,845$8,634$1,734
32 years$36,783$25,714$17,584$11,805$7,810$1,472
33 years$35,280$24,352$16,418$10,856$7,068$1,249
34 years$33,868$23,080$15,340$9,988$6,399$1,061
35 years$32,540$21,891$14,342$9,195$5,796$901
36 years$31,288$20,778$13,416$8,468$5,252$765
37 years$30,107$19,734$12,558$7,802$4,760$650
38 years$28,991$18,754$11,760$7,191$4,315$552
39 years$27,934$17,834$11,017$6,631$3,913$469
40 years$26,933$16,967$10,327$6,116$3,549$398
41 years$25,983$16,151$9,683$5,643$3,220$338
42 years$25,081$15,382$9,083$5,208$2,922$287
43 years$24,223$14,656$8,523$4,807$2,652$244
44 years$23,406$13,970$8,001$4,439$2,407$207
45 years$22,628$13,322$7,512$4,099$2,185$176
46 years$21,886$12,708$7,056$3,787$1,984$150
47 years$21,178$12,128$6,629$3,498$1,802$127
48 years$20,501$11,577$6,229$3,233$1,636$108
49 years$19,854$11,056$5,855$2,987$1,486$92
50 years$19,234$10,561$5,505$2,761$1,350$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $19,700,000, adding $4,390 every year, while hoping to spend $32,583 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: 56/15/29 Blend
55$19,700,000$19,700,000$19,700,000$19,700,000
56$21,713,928$20,669,828$20,364,478$22,755,701
57$23,894,081$21,647,982$21,012,020$24,452,015
58$26,295,517$22,672,973$21,680,163$26,295,605
59$28,940,773$23,747,062$22,369,562$28,303,760
60$31,854,684$24,872,620$23,080,894$30,492,382
61$35,064,614$26,052,131$23,814,857$32,878,959
62$38,600,722$27,288,202$24,572,171$35,482,727
63$42,496,237$28,583,565$25,353,580$38,324,848
64$46,787,779$29,941,086$26,159,851$41,428,599
65$51,515,702$31,363,769$26,991,775$44,819,595
66$56,724,473$32,854,763$27,850,170$48,526,017
67$62,463,096$34,417,373$28,735,876$52,578,879
68$68,785,568$36,055,061$29,649,765$57,012,311
69$75,751,397$37,771,460$30,592,733$61,863,874
70$83,426,156$39,570,378$31,565,706$67,174,913
71$91,882,106$41,455,808$32,569,640$72,990,936
72$101,198,877$43,431,939$33,605,519$79,362,040
73$111,464,220$45,503,162$34,674,361$86,343,372
74$122,774,834$47,674,080$35,777,216$93,995,648
75$135,237,281$49,949,524$36,915,166$102,385,712
76$148,968,989$52,334,555$38,089,329$111,587,164
77$164,099,362$54,834,485$39,300,858$121,681,043
78$180,771,003$57,454,881$40,550,943$132,756,585
79$199,141,056$60,201,581$41,840,811$144,912,054
80$219,382,695$63,080,709$43,171,729$158,255,661
81$241,686,752$66,098,686$44,545,004$172,906,576
82$266,263,524$69,262,245$45,961,985$188,996,041
83$293,344,755$72,578,447$47,424,063$206,668,597
84$323,185,826$76,054,697$48,932,676$226,083,442
85$356,068,164$79,698,761$50,489,303$247,415,916
86$392,301,897$83,518,781$52,095,476$270,859,145
87$432,228,787$87,523,298$53,752,771$296,625,853
88$476,225,451$91,721,267$55,462,816$324,950,356
89$524,706,919$96,122,080$57,227,292$356,090,759
90$578,130,549$100,735,587$59,047,931$390,331,377
91$637,000,352$105,572,117$60,926,523$427,985,405
92$701,871,739$110,642,502$62,864,913$469,397,858
93$773,356,774$115,958,103$64,865,006$514,948,810
94$852,129,948$121,530,833$66,928,766$565,056,968
95$938,934,545$127,373,186$69,058,222$620,183,600
96$1,034,589,663$133,498,266$71,255,466$680,836,878
97$1,139,997,941$139,919,814$73,522,658$747,576,648
98$1,256,154,089$146,652,242$75,862,024$821,019,701
99$1,384,154,269$153,710,665$78,275,865$901,845,568
100$1,525,206,449$161,110,933$80,766,551$990,802,916