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%16.2%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,018,120
2 years$535,538$525,564$515,897$506,525$497,434$470,916
3 years$353,479$343,462$333,820$324,536$315,593$289,877
4 years$262,467$252,481$242,935$233,810$225,083$200,369
5 years$207,874$197,948$188,528$179,588$171,105$147,460
6 years$171,491$161,639$152,358$143,618$135,389$112,837
7 years$145,513$135,744$126,611$118,076$110,108$88,651
8 years$126,039$116,358$107,376$99,051$91,345$70,973
9 years$110,900$101,311$92,483$84,370$76,926$57,622
10 years$98,796$89,300$80,629$72,728$65,545$47,285
11 years$88,899$79,499$70,984$63,295$56,371$39,129
12 years$80,658$71,354$62,997$55,518$48,850$32,596
13 years$73,689$64,483$56,283$49,014$42,598$27,299
14 years$67,722$58,613$50,571$43,509$37,341$22,964
15 years$62,555$53,544$45,659$38,803$32,878$19,386
16 years$58,038$49,126$41,396$34,744$29,058$16,414
17 years$54,057$45,243$37,669$31,217$25,764$13,932
18 years$50,522$41,807$34,387$28,133$22,909$11,851
19 years$47,362$38,746$31,480$25,420$20,419$10,097
20 years$44,523$36,005$28,890$23,023$18,239$8,616
21 years$41,957$33,537$26,574$20,895$16,321$7,361
22 years$39,627$31,305$24,492$18,998$14,630$6,296
23 years$37,503$29,279$22,614$17,302$13,133$5,389
24 years$35,559$27,433$20,914$15,780$11,804$4,617
25 years$33,774$25,744$19,370$14,412$10,622$3,958
26 years$32,128$24,196$17,965$13,177$9,568$3,395
27 years$30,607$22,771$16,682$12,061$8,626$2,913
28 years$29,197$21,457$15,508$11,051$7,783$2,501
29 years$27,887$20,242$14,432$10,134$7,028$2,148
30 years$26,666$19,117$13,443$9,300$6,350$1,845
31 years$25,526$18,071$12,532$8,542$5,741$1,585
32 years$24,460$17,099$11,693$7,850$5,194$1,362
33 years$23,460$16,193$10,918$7,219$4,700$1,171
34 years$22,521$15,348$10,201$6,642$4,255$1,007
35 years$21,638$14,557$9,537$6,114$3,854$866
36 years$20,806$13,817$8,922$5,631$3,492$744
37 years$20,020$13,123$8,350$5,188$3,165$640
38 years$19,278$12,471$7,820$4,782$2,869$551
39 years$18,575$11,859$7,326$4,409$2,602$474
40 years$17,910$11,283$6,867$4,067$2,360$408
41 years$17,278$10,740$6,439$3,752$2,141$351
42 years$16,678$10,229$6,040$3,463$1,943$302
43 years$16,108$9,746$5,668$3,197$1,763$259
44 years$15,565$9,290$5,320$2,952$1,601$223
45 years$15,047$8,859$4,995$2,726$1,453$192
46 years$14,554$8,451$4,692$2,518$1,319$165
47 years$14,083$8,065$4,408$2,326$1,198$142
48 years$13,632$7,699$4,142$2,150$1,088$122
49 years$13,202$7,352$3,893$1,987$988$105
50 years$12,790$7,023$3,660$1,836$898$91

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 $3,398 every year, while hoping to spend $40,976 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: 41/41/18 Blend
55$13,100,000$13,100,000$13,100,000$13,100,000
56$14,439,705$13,745,405$13,542,355$14,954,955
57$15,868,957$14,375,332$13,952,426$15,951,130
58$17,442,619$15,034,752$14,374,861$17,024,431
59$19,175,378$15,725,066$14,810,030$18,185,275
60$21,083,417$16,447,745$15,258,317$19,441,676
61$23,184,569$17,204,328$15,720,114$20,802,428
62$25,498,484$17,996,429$16,195,827$22,277,178
63$28,046,814$18,825,739$16,685,872$23,876,514
64$30,853,420$19,694,031$17,190,679$25,612,060
65$33,944,593$20,603,163$17,710,691$27,496,577
66$37,349,306$21,555,082$18,246,364$29,544,076
67$41,099,484$22,551,830$18,798,166$31,769,948
68$45,230,308$23,595,546$19,366,581$34,191,097
69$49,780,544$24,688,472$19,952,106$36,826,098
70$54,792,911$25,832,959$20,555,253$39,695,357
71$60,314,485$27,031,471$21,176,550$42,821,302
72$66,397,138$28,286,589$21,816,541$46,228,582
73$73,098,036$29,601,022$22,475,785$49,944,294
74$80,480,170$30,977,606$23,154,858$53,998,225
75$88,612,954$32,419,315$23,854,353$58,423,130
76$97,572,883$33,929,269$24,574,881$63,255,024
77$107,444,248$35,510,735$25,317,071$68,533,515
78$118,319,939$37,167,138$26,081,570$74,302,165
79$130,302,317$38,902,072$26,869,047$80,608,894
80$143,504,180$40,719,300$27,680,186$87,506,412
81$158,049,830$42,622,769$28,515,696$95,052,711
82$174,076,245$44,616,618$29,376,305$103,311,596
83$191,734,373$46,705,183$30,262,762$112,353,273
84$211,190,554$48,893,012$31,175,840$122,254,997
85$232,628,093$51,184,872$32,116,333$133,101,787
86$256,248,988$53,585,760$33,085,059$144,987,212
87$282,275,838$56,100,916$34,082,862$158,014,258
88$310,953,945$58,735,832$35,110,609$172,296,279
89$342,553,627$61,496,267$36,169,194$187,958,056
90$377,372,771$64,388,259$37,259,536$205,136,946
91$415,739,646$67,418,136$38,382,583$223,984,168
92$458,016,001$70,592,535$39,539,310$244,666,201
93$504,600,477$73,918,413$40,730,721$267,366,341
94$555,932,375$77,403,065$41,957,850$292,286,401
95$612,495,801$81,054,139$43,221,761$319,648,597
96$674,824,233$84,879,652$44,523,551$349,697,619
97$743,505,562$88,888,012$45,864,347$382,702,914
98$819,187,637$93,088,033$47,245,311$418,961,199
99$902,584,387$97,488,957$48,667,639$458,799,241
100$994,482,553$102,100,474$50,132,563$502,576,901