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%11.8%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,044,640
2 years$539,626$529,576$519,835$510,392$501,232$493,220
3 years$356,177$346,083$336,368$327,013$318,002$310,173
4 years$264,470$254,408$244,790$235,594$226,802$219,216
5 years$209,461$199,459$189,967$180,959$172,411$165,091
6 years$172,800$162,873$153,521$144,714$136,423$129,378
7 years$146,624$136,781$127,577$118,978$110,948$104,182
8 years$127,001$117,246$108,195$99,807$92,042$85,554
9 years$111,746$102,084$93,189$85,014$77,513$71,301
10 years$99,550$89,982$81,244$73,283$66,045$60,106
11 years$89,578$80,106$71,526$63,778$56,801$51,131
12 years$81,273$71,899$63,477$55,942$49,222$43,816
13 years$74,252$64,975$56,713$49,388$42,923$37,774
14 years$68,239$59,061$50,957$43,841$37,626$32,729
15 years$63,032$53,953$46,007$39,099$33,129$28,476
16 years$58,481$49,501$41,712$35,009$29,279$24,865
17 years$54,469$45,589$37,956$31,455$25,961$21,777
18 years$50,907$42,126$34,649$28,347$23,083$19,122
19 years$47,724$39,042$31,720$25,614$20,575$16,828
20 years$44,863$36,280$29,111$23,199$18,378$14,838
21 years$42,277$33,793$26,776$21,054$16,446$13,105
22 years$39,930$31,544$24,679$19,143$14,742$11,592
23 years$37,790$29,503$22,786$17,434$13,233$10,267
24 years$35,831$27,642$21,073$15,901$11,894$9,103
25 years$34,032$25,941$19,518$14,522$10,703$8,079
26 years$32,373$24,380$18,102$13,278$9,641$7,177
27 years$30,841$22,945$16,809$12,153$8,692$6,380
28 years$29,420$21,621$15,627$11,135$7,843$5,676
29 years$28,100$20,397$14,542$10,211$7,082$5,052
30 years$26,869$19,262$13,545$9,371$6,399$4,500
31 years$25,721$18,209$12,628$8,607$5,785$4,009
32 years$24,647$17,230$11,782$7,910$5,233$3,574
33 years$23,639$16,317$11,001$7,274$4,736$3,187
34 years$22,693$15,465$10,279$6,693$4,288$2,843
35 years$21,803$14,668$9,610$6,161$3,884$2,536
36 years$20,965$13,922$8,990$5,674$3,519$2,264
37 years$20,173$13,223$8,414$5,228$3,189$2,021
38 years$19,425$12,566$7,880$4,819$2,891$1,805
39 years$18,717$11,949$7,382$4,443$2,622$1,612
40 years$18,046$11,369$6,919$4,098$2,378$1,440
41 years$17,410$10,822$6,488$3,781$2,158$1,286
42 years$16,806$10,307$6,086$3,489$1,958$1,149
43 years$16,231$9,820$5,711$3,221$1,777$1,027
44 years$15,683$9,361$5,361$2,974$1,613$918
45 years$15,162$8,926$5,034$2,747$1,464$820
46 years$14,665$8,515$4,728$2,537$1,329$733
47 years$14,190$8,126$4,442$2,344$1,207$655
48 years$13,737$7,757$4,174$2,166$1,096$586
49 years$13,303$7,408$3,923$2,002$996$524
50 years$12,888$7,076$3,688$1,850$904$468

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 $4,793 every year, while hoping to spend $22,311 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: 63/31/6 Blend
55$13,200,000$13,200,000$13,200,000$13,200,000
56$14,551,344$13,851,744$13,647,144$15,452,721
57$16,011,842$14,506,741$14,080,585$16,708,899
58$17,620,564$15,193,084$14,527,798$18,076,755
59$19,392,603$15,912,288$14,989,221$19,569,565
60$21,344,596$16,665,936$15,465,307$21,199,421
61$23,494,870$17,455,693$15,956,520$22,979,618
62$25,863,626$18,283,302$16,463,343$24,924,778
63$28,473,122$19,150,589$16,986,271$27,050,978
64$31,347,886$20,059,474$17,525,817$29,375,902
65$34,514,947$21,011,964$18,082,508$31,919,002
66$38,004,089$22,010,169$18,656,890$34,701,676
67$41,848,136$23,056,296$19,249,525$37,747,464
68$46,083,256$24,152,665$19,860,994$41,082,266
69$50,749,306$25,301,703$20,491,895$44,734,582
70$55,890,208$26,505,960$21,142,847$48,735,771
71$61,554,363$27,768,106$21,814,486$53,120,344
72$67,795,108$29,090,943$22,507,471$57,926,283
73$74,671,218$30,477,408$23,222,480$63,195,390
74$82,247,463$31,930,581$23,960,214$68,973,678
75$90,595,218$33,453,694$24,721,395$75,311,796
76$99,793,137$35,050,132$25,506,769$82,265,496
77$109,927,896$36,723,447$26,317,104$89,896,158
78$121,095,010$38,477,364$27,153,196$98,271,354
79$133,399,735$40,315,790$28,015,862$107,465,481
80$146,958,063$42,242,818$28,905,949$117,560,451
81$161,897,815$44,262,745$29,824,327$128,646,456
82$178,359,846$46,380,075$30,771,897$140,822,808
83$196,499,382$48,599,529$31,749,586$154,198,865
84$216,487,475$50,926,063$32,758,354$168,895,054
85$238,512,626$53,364,868$33,799,187$185,043,993
86$262,782,561$55,921,394$34,873,107$202,791,734
87$289,526,191$58,601,350$35,981,164$222,299,122
88$318,995,775$61,410,729$37,124,446$243,743,306
89$351,469,301$64,355,812$38,304,072$267,319,396
90$387,253,109$67,443,186$39,521,198$293,242,284
91$426,684,784$70,679,761$40,777,016$321,748,663
92$470,136,345$74,072,781$42,072,758$353,099,244
93$518,017,750$77,629,845$43,409,694$387,581,193
94$570,780,774$81,358,922$44,789,133$425,510,834
95$628,923,272$85,268,368$46,212,427$467,236,608
96$692,993,874$89,366,946$47,680,972$513,142,343
97$763,597,171$93,663,848$49,196,207$563,650,862
98$841,399,419$98,168,714$50,759,616$619,227,945
99$927,134,830$102,891,650$52,372,733$680,386,710
100$1,021,612,501$107,843,260$54,037,138$747,692,425