Can I retire at age 56 with 13,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,046,441
2 years$543,714$533,587$523,774$514,258$505,029$490,826
3 years$358,875$348,705$338,916$329,490$320,411$306,566
4 years$266,474$256,335$246,644$237,379$228,520$215,140
5 years$211,048$200,970$191,406$182,330$173,717$160,841
6 years$174,109$164,107$154,685$145,811$137,456$125,100
7 years$147,735$137,817$128,544$119,879$111,789$99,956
8 years$127,963$118,135$109,015$100,564$92,740$81,429
9 years$112,593$102,857$93,895$85,658$78,100$67,307
10 years$100,304$90,664$81,860$73,838$66,545$56,262
11 years$90,256$80,713$72,068$64,261$57,231$47,448
12 years$81,889$72,443$63,958$56,366$49,595$40,301
13 years$74,814$65,468$57,143$49,762$43,248$34,430
14 years$68,756$59,508$51,343$44,173$37,911$29,556
15 years$63,510$54,362$46,356$39,395$33,380$25,474
16 years$58,924$49,876$42,028$35,274$29,501$22,030
17 years$54,882$45,934$38,244$31,693$26,158$19,106
18 years$51,293$42,445$34,912$28,562$23,258$16,610
19 years$48,086$39,338$31,960$25,808$20,731$14,470
20 years$45,202$36,554$29,331$23,374$18,517$12,629
21 years$42,597$34,049$26,979$21,214$16,571$11,038
22 years$40,232$31,783$24,866$19,288$14,853$9,661
23 years$38,076$29,726$22,959$17,566$13,333$8,466
24 years$36,102$27,852$21,233$16,021$11,984$7,425
25 years$34,289$26,137$19,666$14,632$10,784$6,519
26 years$32,619$24,565$18,239$13,378$9,714$5,727
27 years$31,074$23,119$16,937$12,246$8,758$5,035
28 years$29,643$21,784$15,745$11,220$7,902$4,429
29 years$28,312$20,551$14,652$10,289$7,136$3,898
30 years$27,073$19,408$13,648$9,442$6,447$3,432
31 years$25,916$18,347$12,723$8,672$5,829$3,023
32 years$24,833$17,360$11,871$7,970$5,273$2,664
33 years$23,818$16,441$11,084$7,329$4,772$2,348
34 years$22,865$15,582$10,356$6,743$4,320$2,070
35 years$21,968$14,779$9,683$6,208$3,913$1,825
36 years$21,123$14,028$9,058$5,717$3,546$1,610
37 years$20,326$13,323$8,478$5,267$3,213$1,420
38 years$19,572$12,662$7,939$4,855$2,913$1,253
39 years$18,859$12,040$7,438$4,477$2,642$1,106
40 years$18,183$11,455$6,972$4,129$2,396$976
41 years$17,542$10,904$6,537$3,810$2,174$862
42 years$16,933$10,385$6,132$3,516$1,973$761
43 years$16,354$9,895$5,754$3,245$1,790$671
44 years$15,802$9,432$5,401$2,997$1,625$593
45 years$15,277$8,994$5,072$2,768$1,475$523
46 years$14,776$8,580$4,764$2,556$1,339$462
47 years$14,298$8,188$4,475$2,362$1,216$408
48 years$13,841$7,816$4,205$2,182$1,105$360
49 years$13,404$7,464$3,953$2,017$1,003$318
50 years$12,985$7,130$3,716$1,864$911$281

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $13,300,000, adding $6,568 every year, while hoping to spend $47,238 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: 24/49/27 Blend
55$13,300,000$13,300,000$13,300,000$13,300,000
56$14,663,375$13,958,475$13,752,325$14,890,093
57$16,108,778$14,592,179$14,162,767$15,715,917
58$17,700,030$15,255,352$14,585,376$16,595,666
59$19,451,955$15,949,387$15,020,508$17,537,272
60$21,380,893$16,675,745$15,468,534$18,545,909
61$23,504,845$17,435,958$15,929,830$19,627,231
62$25,843,648$18,231,628$16,404,788$20,787,418
63$28,419,159$19,064,437$16,893,808$22,033,226
64$31,255,466$19,936,147$17,397,303$23,372,048
65$34,379,109$20,848,604$17,915,698$24,811,970
66$37,819,334$21,803,742$18,449,431$26,361,843
67$41,608,370$22,803,589$18,998,950$28,031,360
68$45,781,728$23,850,269$19,564,719$29,831,133
69$50,378,542$24,946,010$20,147,215$31,772,791
70$55,441,934$26,093,145$20,746,927$33,869,074
71$61,019,423$27,294,120$21,364,361$36,133,950
72$67,163,371$28,551,499$22,000,034$38,582,729
73$73,931,481$29,867,969$22,654,481$41,232,202
74$81,387,337$31,246,345$23,328,252$44,100,788
75$89,601,009$32,689,579$24,021,911$47,208,693
76$98,649,708$34,200,765$24,736,042$50,578,092
77$108,618,521$35,783,145$25,471,242$54,233,320
78$119,601,209$37,440,117$26,228,127$58,201,096
79$131,701,094$39,175,245$27,007,331$62,510,755
80$145,032,035$40,992,261$27,809,506$67,194,510
81$159,719,501$42,895,081$28,635,323$72,287,745
82$175,901,756$44,887,806$29,485,472$77,829,330
83$193,731,163$46,974,736$30,360,664$83,861,970
84$213,375,624$49,160,380$31,261,628$90,432,594
85$235,020,162$51,449,463$32,189,117$97,592,774
86$258,868,670$53,846,938$33,143,904$105,399,200
87$285,145,834$56,357,998$34,126,784$113,914,186
88$314,099,254$58,988,085$35,138,577$123,206,244
89$346,001,783$61,742,906$36,180,123$133,350,707
90$381,154,098$64,628,442$37,252,291$144,430,414
91$419,887,543$67,650,963$38,355,970$156,536,471
92$462,567,255$70,817,043$39,492,078$169,769,085
93$509,595,611$74,133,573$40,661,557$184,238,481
94$561,416,022$77,607,777$41,865,379$200,065,918
95$618,517,129$81,247,230$43,104,541$217,384,803
96$681,437,403$85,059,872$44,380,071$236,341,919
97$750,770,238$89,054,026$45,693,023$257,098,780
98$827,169,549$93,238,419$47,044,486$279,833,124
99$911,355,942$97,622,201$48,435,575$304,740,551
100$1,004,123,524$102,214,965$49,867,443$332,036,337