Can I retire at age 56 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,014,426
2 years$535,538$525,564$515,897$506,525$497,434$467,262
3 years$353,479$343,462$333,820$324,536$315,593$286,380
4 years$262,467$252,481$242,935$233,810$225,083$197,054
5 years$207,874$197,948$188,528$179,588$171,105$144,335
6 years$171,491$161,639$152,358$143,618$135,389$109,904
7 years$145,513$135,744$126,611$118,076$110,108$85,907
8 years$126,039$116,358$107,376$99,051$91,345$68,414
9 years$110,900$101,311$92,483$84,370$76,926$55,242
10 years$98,796$89,300$80,629$72,728$65,545$45,079
11 years$88,899$79,499$70,984$63,295$56,371$37,089
12 years$80,658$71,354$62,997$55,518$48,850$30,714
13 years$73,689$64,483$56,283$49,014$42,598$25,568
14 years$67,722$58,613$50,571$43,509$37,341$21,374
15 years$62,555$53,544$45,659$38,803$32,878$17,930
16 years$58,038$49,126$41,396$34,744$29,058$15,084
17 years$54,057$45,243$37,669$31,217$25,764$12,720
18 years$50,522$41,807$34,387$28,133$22,909$10,747
19 years$47,362$38,746$31,480$25,420$20,419$9,096
20 years$44,523$36,005$28,890$23,023$18,239$7,708
21 years$41,957$33,537$26,574$20,895$16,321$6,540
22 years$39,627$31,305$24,492$18,998$14,630$5,555
23 years$37,503$29,279$22,614$17,302$13,133$4,721
24 years$35,559$27,433$20,914$15,780$11,804$4,016
25 years$33,774$25,744$19,370$14,412$10,622$3,418
26 years$32,128$24,196$17,965$13,177$9,568$2,910
27 years$30,607$22,771$16,682$12,061$8,626$2,479
28 years$29,197$21,457$15,508$11,051$7,783$2,113
29 years$27,887$20,242$14,432$10,134$7,028$1,801
30 years$26,666$19,117$13,443$9,300$6,350$1,536
31 years$25,526$18,071$12,532$8,542$5,741$1,310
32 years$24,460$17,099$11,693$7,850$5,194$1,117
33 years$23,460$16,193$10,918$7,219$4,700$953
34 years$22,521$15,348$10,201$6,642$4,255$813
35 years$21,638$14,557$9,537$6,114$3,854$694
36 years$20,806$13,817$8,922$5,631$3,492$592
37 years$20,020$13,123$8,350$5,188$3,165$506
38 years$19,278$12,471$7,820$4,782$2,869$432
39 years$18,575$11,859$7,326$4,409$2,602$368
40 years$17,910$11,283$6,867$4,067$2,360$315
41 years$17,278$10,740$6,439$3,752$2,141$269
42 years$16,678$10,229$6,040$3,463$1,943$229
43 years$16,108$9,746$5,668$3,197$1,763$196
44 years$15,565$9,290$5,320$2,952$1,601$167
45 years$15,047$8,859$4,995$2,726$1,453$143
46 years$14,554$8,451$4,692$2,518$1,319$122
47 years$14,083$8,065$4,408$2,326$1,198$104
48 years$13,632$7,699$4,142$2,150$1,088$89
49 years$13,202$7,352$3,893$1,987$988$76
50 years$12,790$7,023$3,660$1,836$898$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $13,100,000, adding $6,364 every year, while hoping to spend $37,415 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: 71/8/21 Blend
55$13,100,000$13,100,000$13,100,000$13,100,000
56$14,442,764$13,748,464$13,545,414$15,393,361
57$15,876,117$14,382,330$13,959,377$16,661,749
58$17,454,418$15,046,001$14,385,952$18,045,025
59$19,192,412$15,740,898$14,825,525$19,558,692
60$21,106,347$16,468,511$15,278,489$21,215,675
61$23,214,127$17,230,401$15,745,251$23,030,200
62$25,535,481$18,028,204$16,226,230$25,017,934
63$28,092,149$18,863,634$16,721,858$27,196,122
64$30,908,086$19,738,491$17,232,578$29,583,756
65$34,009,691$20,654,657$17,758,850$32,201,747
66$37,426,053$21,614,109$18,301,145$35,073,125
67$41,189,226$22,618,915$18,859,948$38,223,248
68$45,334,532$23,671,248$19,435,762$41,680,045
69$49,900,896$24,773,380$20,029,102$45,474,273
70$54,931,210$25,927,698$20,640,499$49,639,808
71$60,472,739$27,136,701$21,270,501$54,213,959
72$66,577,568$28,403,009$21,919,673$59,237,822
73$73,303,093$29,729,369$22,588,595$64,756,662
74$80,712,561$31,118,662$23,277,866$70,820,335
75$88,875,671$32,573,905$23,988,103$77,483,763
76$97,869,227$34,098,263$24,719,942$84,807,443
77$107,777,865$35,695,055$25,474,036$92,858,015
78$118,694,852$37,367,757$26,251,061$101,708,893
79$130,722,966$39,120,017$27,051,712$111,440,950
80$143,975,468$40,955,657$27,876,703$122,143,278
81$158,577,165$42,878,684$28,726,772$133,914,026
82$174,665,596$44,893,299$29,602,679$146,861,325
83$192,392,324$47,003,908$30,505,206$161,104,301
84$211,924,369$49,215,128$31,435,158$176,774,196
85$233,445,786$51,531,800$32,393,368$194,015,605
86$257,159,399$53,959,002$33,380,688$212,987,833
87$283,288,719$56,502,053$34,398,002$233,866,398
88$312,080,049$59,166,535$35,446,216$256,844,678
89$343,804,815$61,958,296$36,526,265$282,135,736
90$378,762,124$64,883,471$37,639,113$309,974,323
91$417,281,589$67,948,489$38,785,752$340,619,091
92$459,726,440$71,160,094$39,967,204$374,355,026
93$506,496,953$74,525,355$41,184,521$411,496,133
94$558,034,228$78,051,683$42,438,788$452,388,397
95$614,824,355$81,746,851$43,731,123$497,413,038
96$677,403,000$85,619,007$45,062,677$546,990,106
97$746,360,463$89,676,696$46,434,633$601,582,438
98$822,347,252$93,928,875$47,848,215$661,700,023
99$906,080,220$98,384,939$49,304,679$727,904,802
100$998,349,339$103,054,737$50,805,322$800,815,971