Can I retire at age 56 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,030,537
2 years$531,449$521,552$511,959$502,659$493,637$487,482
3 years$350,780$340,840$331,272$322,058$313,184$307,165
4 years$260,463$250,553$241,081$232,025$223,365$217,529
5 years$206,287$196,437$187,089$178,217$169,799$164,163
6 years$170,182$160,405$151,195$142,522$134,356$128,927
7 years$144,402$134,708$125,644$117,175$109,267$104,048
8 years$125,077$115,470$106,556$98,295$90,648$85,639
9 years$110,053$100,537$91,777$83,726$76,339$71,539
10 years$98,042$88,619$80,013$72,172$65,044$60,451
11 years$88,220$78,892$70,442$62,812$55,940$51,550
12 years$80,042$70,809$62,516$55,094$48,477$44,286
13 years$73,127$63,991$55,854$48,640$42,273$38,278
14 years$67,205$58,166$50,185$43,177$37,056$33,252
15 years$62,077$53,136$45,310$38,506$32,627$29,009
16 years$57,595$48,751$41,080$34,478$28,836$25,398
17 years$53,644$44,898$37,381$30,978$25,568$22,306
18 years$50,136$41,488$34,124$27,918$22,734$19,642
19 years$47,001$38,450$31,239$25,226$20,263$17,335
20 years$44,183$35,730$28,670$22,847$18,099$15,330
21 years$41,637$33,281$26,371$20,735$16,197$13,579
22 years$39,325$31,067$24,305$18,853$14,518$12,047
23 years$37,217$29,056$22,441$17,170$13,032$10,702
24 years$35,288$27,224$20,754$15,660$11,714$9,518
25 years$33,516$25,548$19,223$14,302$10,541$8,474
26 years$31,883$24,011$17,828$13,077$9,495$7,551
27 years$30,373$22,597$16,555$11,969$8,560$6,734
28 years$28,974$21,293$15,390$10,966$7,724$6,010
29 years$27,674$20,088$14,322$10,056$6,975$5,367
30 years$26,462$18,971$13,340$9,229$6,302$4,795
31 years$25,331$17,934$12,436$8,476$5,698$4,286
32 years$24,273$16,969$11,603$7,790$5,154$3,833
33 years$23,281$16,070$10,834$7,164$4,664$3,430
34 years$22,349$15,230$10,123$6,591$4,223$3,070
35 years$21,473$14,446$9,464$6,067$3,825$2,748
36 years$20,647$13,711$8,853$5,588$3,466$2,461
37 years$19,868$13,022$8,287$5,149$3,141$2,204
38 years$19,131$12,376$7,760$4,746$2,848$1,975
39 years$18,434$11,768$7,270$4,376$2,582$1,770
40 years$17,773$11,197$6,815$4,036$2,342$1,586
41 years$17,146$10,658$6,390$3,724$2,125$1,422
42 years$16,551$10,150$5,994$3,436$1,928$1,275
43 years$15,985$9,671$5,624$3,172$1,750$1,143
44 years$15,446$9,219$5,280$2,929$1,588$1,025
45 years$14,932$8,791$4,957$2,705$1,442$919
46 years$14,443$8,386$4,656$2,499$1,309$825
47 years$13,975$8,003$4,374$2,309$1,189$740
48 years$13,528$7,640$4,111$2,133$1,080$664
49 years$13,101$7,296$3,864$1,971$981$595
50 years$12,693$6,969$3,632$1,822$891$534

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $13,000,000, adding $3,617 every year, while hoping to spend $20,356 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: 72/8/20 Blend
55$13,000,000$13,000,000$13,000,000$13,000,000
56$14,329,731$13,640,731$13,439,231$15,292,087
57$15,769,705$14,287,468$13,867,787$16,579,611
58$17,355,874$14,965,213$14,310,017$17,986,484
59$19,103,128$15,675,464$14,766,357$19,526,814
60$21,027,877$16,419,791$15,237,260$21,213,847
61$23,148,201$17,199,842$15,723,189$23,062,164
62$25,484,026$18,017,342$16,224,624$25,087,817
63$28,057,308$18,874,104$16,742,061$27,308,482
64$30,892,244$19,772,025$17,276,010$29,743,623
65$34,015,495$20,713,096$17,826,998$32,414,671
66$37,456,443$21,699,406$18,395,570$35,345,226
67$41,247,466$22,733,143$18,982,288$38,561,276
68$45,424,243$23,816,602$19,587,730$42,091,446
69$50,026,092$24,952,192$20,212,495$45,967,255
70$55,096,340$26,142,435$20,857,200$50,223,421
71$60,682,731$27,389,980$21,522,481$54,898,181
72$66,837,882$28,697,600$22,208,996$60,033,650
73$73,619,771$30,068,208$22,917,423$65,676,217
74$81,092,293$31,504,856$23,648,462$71,876,978
75$89,325,856$33,010,742$24,402,834$78,692,216
76$98,398,050$34,589,226$25,181,286$86,183,930
77$108,394,378$36,243,824$25,984,586$94,420,416
78$119,409,063$37,978,230$26,813,527$103,476,908
79$131,545,937$39,796,313$27,668,930$113,436,285
80$144,919,422$41,702,132$28,551,639$124,389,849
81$159,655,611$43,699,944$29,462,527$136,438,184
82$175,893,455$45,794,213$30,402,493$149,692,102
83$193,786,077$47,989,620$31,372,467$164,273,681
84$213,502,219$50,291,073$32,373,406$180,317,417
85$235,227,831$52,703,721$33,406,301$197,971,488
86$259,167,830$55,232,964$34,472,172$217,399,146
87$285,548,031$57,884,462$35,572,073$238,780,258
88$314,617,283$60,664,153$36,707,090$262,312,990
89$346,649,815$63,578,265$37,878,346$288,215,683
90$381,947,824$66,633,328$39,086,999$316,728,900
91$420,844,332$69,836,191$40,334,243$348,117,694
92$463,706,324$73,194,035$41,621,311$382,674,105
93$510,938,221$76,714,394$42,949,476$420,719,911
94$562,985,686$80,405,167$44,320,051$462,609,655
95$620,339,844$84,274,638$45,734,390$508,733,988
96$683,541,909$88,331,496$47,193,893$559,523,352
97$753,188,298$92,584,853$48,700,003$615,452,030
98$829,936,260$97,044,266$50,254,208$677,042,619
99$914,510,080$101,719,757$51,858,046$744,870,956
100$1,007,707,921$106,621,838$53,513,103$819,571,544