Can I retire at age 56 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,030,913
2 years$539,626$529,576$519,835$510,392$501,232$479,494
3 years$356,177$346,083$336,368$327,013$318,002$296,879
4 years$264,470$254,408$244,790$235,594$226,802$206,456
5 years$209,461$199,459$189,967$180,959$172,411$152,900
6 years$172,800$162,873$153,521$144,714$136,423$117,768
7 years$146,624$136,781$127,577$118,978$110,948$93,154
8 years$127,001$117,246$108,195$99,807$92,042$75,102
9 years$111,746$102,084$93,189$85,014$77,513$61,416
10 years$99,550$89,982$81,244$73,283$66,045$50,775
11 years$89,578$80,106$71,526$63,778$56,801$42,339
12 years$81,273$71,899$63,477$55,942$49,222$35,547
13 years$74,252$64,975$56,713$49,388$42,923$30,010
14 years$68,239$59,061$50,957$43,841$37,626$25,452
15 years$63,032$53,953$46,007$39,099$33,129$21,667
16 years$58,481$49,501$41,712$35,009$29,279$18,503
17 years$54,469$45,589$37,956$31,455$25,961$15,842
18 years$50,907$42,126$34,649$28,347$23,083$13,594
19 years$47,724$39,042$31,720$25,614$20,575$11,687
20 years$44,863$36,280$29,111$23,199$18,378$10,063
21 years$42,277$33,793$26,776$21,054$16,446$8,677
22 years$39,930$31,544$24,679$19,143$14,742$7,490
23 years$37,790$29,503$22,786$17,434$13,233$6,472
24 years$35,831$27,642$21,073$15,901$11,894$5,598
25 years$34,032$25,941$19,518$14,522$10,703$4,845
26 years$32,373$24,380$18,102$13,278$9,641$4,196
27 years$30,841$22,945$16,809$12,153$8,692$3,635
28 years$29,420$21,621$15,627$11,135$7,843$3,152
29 years$28,100$20,397$14,542$10,211$7,082$2,733
30 years$26,869$19,262$13,545$9,371$6,399$2,371
31 years$25,721$18,209$12,628$8,607$5,785$2,058
32 years$24,647$17,230$11,782$7,910$5,233$1,786
33 years$23,639$16,317$11,001$7,274$4,736$1,551
34 years$22,693$15,465$10,279$6,693$4,288$1,347
35 years$21,803$14,668$9,610$6,161$3,884$1,170
36 years$20,965$13,922$8,990$5,674$3,519$1,016
37 years$20,173$13,223$8,414$5,228$3,189$883
38 years$19,425$12,566$7,880$4,819$2,891$767
39 years$18,717$11,949$7,382$4,443$2,622$667
40 years$18,046$11,369$6,919$4,098$2,378$579
41 years$17,410$10,822$6,488$3,781$2,158$504
42 years$16,806$10,307$6,086$3,489$1,958$438
43 years$16,231$9,820$5,711$3,221$1,777$381
44 years$15,683$9,361$5,361$2,974$1,613$331
45 years$15,162$8,926$5,034$2,747$1,464$288
46 years$14,665$8,515$4,728$2,537$1,329$250
47 years$14,190$8,126$4,442$2,344$1,207$217
48 years$13,737$7,757$4,174$2,166$1,096$189
49 years$13,303$7,408$3,923$2,002$996$164
50 years$12,888$7,076$3,688$1,850$904$143

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $13,200,000, adding $6,512 every year, while hoping to spend $46,735 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: 55/36/9 Blend
55$13,200,000$13,200,000$13,200,000$13,200,000
56$14,553,117$13,853,517$13,648,917$15,321,325
57$15,987,809$14,482,614$14,056,430$16,470,701
58$17,567,274$15,140,970$14,476,029$17,715,785
59$19,306,228$15,829,970$14,908,068$19,070,269
60$21,220,889$16,551,064$15,352,914$20,544,565
61$23,329,126$17,305,773$15,810,943$22,150,111
62$25,650,631$18,095,689$16,282,543$23,899,481
63$28,207,099$18,922,482$16,768,112$25,806,492
64$31,022,441$19,787,901$17,268,062$27,886,335
65$34,123,001$20,693,779$17,782,813$30,155,710
66$37,537,811$21,642,038$18,312,801$32,632,977
67$41,298,861$22,634,692$18,858,473$35,338,330
68$45,441,402$23,673,849$19,420,289$38,293,973
69$50,004,279$24,761,721$19,998,723$41,524,329
70$55,030,297$25,900,627$20,594,262$45,056,263
71$60,566,625$27,092,995$21,207,407$48,919,329
72$66,665,240$28,341,372$21,838,675$53,146,039
73$73,383,420$29,648,424$22,488,595$57,772,167
74$80,784,281$31,016,949$23,157,716$62,837,075
75$88,937,376$32,449,878$23,846,598$68,384,077
76$97,919,350$33,950,283$24,555,820$74,460,843
77$107,814,661$35,521,385$25,285,977$81,119,834
78$118,716,381$37,166,558$26,037,683$88,418,793
79$130,727,073$38,889,340$26,811,566$96,421,278
80$143,959,756$40,693,439$27,608,275$105,197,251
81$158,538,976$42,582,743$28,428,477$114,823,730
82$174,601,980$44,561,325$29,272,859$125,385,501
83$192,300,009$46,633,457$30,142,127$136,975,912
84$211,799,728$48,803,615$31,037,006$149,697,737
85$233,284,800$51,076,491$31,958,246$163,664,135
86$256,957,617$53,457,006$32,906,614$178,999,706
87$283,041,210$55,950,316$33,882,902$195,841,651
88$311,781,359$58,561,827$34,887,925$214,341,053
89$343,448,906$61,297,205$35,922,518$234,664,288
90$378,342,317$64,162,390$36,987,545$256,994,581
91$416,790,496$67,163,611$38,083,892$281,533,715
92$459,155,895$70,307,396$39,212,470$308,503,921
93$505,837,925$73,600,588$40,374,217$338,149,957
94$557,276,740$77,050,362$41,570,099$370,741,397
95$613,957,378$80,664,241$42,801,108$406,575,159
96$676,414,352$84,450,110$44,068,266$445,978,281
97$745,236,686$88,416,236$45,372,624$489,310,994
98$821,073,483$92,571,286$46,715,262$536,970,091
99$904,640,047$96,924,348$48,097,292$589,392,654
100$996,724,638$101,484,947$49,519,857$647,060,151