Can I retire at age 56 with 13,500,000?

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 $13,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,060,422
2 years$551,890$541,611$531,650$521,992$512,623$496,452
3 years$364,272$353,949$344,013$334,445$325,229$309,477
4 years$270,481$260,190$250,353$240,949$231,956$216,744
5 years$214,222$203,992$194,284$185,072$176,329$161,702
6 years$176,727$166,575$157,011$148,003$139,524$125,497
7 years$149,956$139,889$130,477$121,682$113,470$100,050
8 years$129,887$119,911$110,654$102,076$94,134$81,318
9 years$114,286$104,404$95,307$86,946$79,275$67,056
10 years$101,812$92,027$83,091$74,948$67,546$55,916
11 years$91,613$81,926$73,152$65,227$58,092$47,038
12 years$83,120$73,533$64,920$57,213$50,341$39,851
13 years$75,940$66,452$58,002$50,511$43,898$33,957
14 years$69,790$60,403$52,115$44,838$38,481$29,072
15 years$64,465$55,179$47,053$39,987$33,882$24,989
16 years$59,810$50,626$42,660$35,804$29,945$21,550
17 years$55,707$46,625$38,819$32,170$26,551$18,637
18 years$52,064$43,083$35,437$28,992$23,608$16,156
19 years$48,809$39,929$32,441$26,196$21,042$14,033
20 years$45,882$37,104$29,772$23,726$18,795$12,211
21 years$43,238$34,561$27,385$21,533$16,820$10,641
22 years$40,837$32,261$25,239$19,578$15,077$9,285
23 years$38,649$30,173$23,304$17,830$13,534$8,111
24 years$36,645$28,271$21,552$16,262$12,164$7,092
25 years$34,805$26,531$19,962$14,852$10,946$6,207
26 years$33,109$24,934$18,514$13,580$9,860$5,436
27 years$31,542$23,466$17,192$12,430$8,889$4,763
28 years$30,089$22,112$15,982$11,388$8,021$4,177
29 years$28,738$20,860$14,872$10,443$7,243$3,664
30 years$27,480$19,700$13,853$9,584$6,544$3,215
31 years$26,306$18,623$12,915$8,802$5,917$2,823
32 years$25,207$17,621$12,050$8,090$5,352$2,479
33 years$24,177$16,688$11,251$7,439$4,844$2,178
34 years$23,209$15,816$10,512$6,845$4,385$1,914
35 years$22,299$15,001$9,828$6,301$3,972$1,682
36 years$21,441$14,239$9,194$5,803$3,599$1,479
37 years$20,632$13,523$8,605$5,347$3,262$1,300
38 years$19,867$12,852$8,059$4,928$2,957$1,143
39 years$19,143$12,221$7,550$4,544$2,682$1,005
40 years$18,457$11,627$7,077$4,191$2,432$884
41 years$17,806$11,068$6,636$3,867$2,207$778
42 years$17,187$10,541$6,224$3,569$2,002$684
43 years$16,600$10,043$5,841$3,294$1,817$602
44 years$16,040$9,573$5,483$3,042$1,649$530
45 years$15,507$9,129$5,148$2,809$1,497$466
46 years$14,998$8,709$4,835$2,595$1,360$410
47 years$14,513$8,311$4,543$2,397$1,235$361
48 years$14,049$7,934$4,269$2,215$1,121$318
49 years$13,605$7,576$4,012$2,047$1,018$279
50 years$13,181$7,237$3,772$1,892$925$246

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $13,500,000, adding $2,692 every year, while hoping to spend $53,342 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: 40/33/27 Blend
55$13,500,000$13,500,000$13,500,000$13,500,000
56$14,879,777$14,164,277$13,955,027$15,356,150
57$16,340,759$14,801,571$14,365,765$16,339,308
58$17,948,973$15,468,305$14,788,475$17,397,085
59$19,719,380$16,165,864$15,223,501$18,540,468
60$21,668,468$16,895,702$15,671,199$19,777,327
61$23,814,400$17,659,340$16,131,932$21,116,298
62$26,177,193$18,458,372$16,606,076$22,566,859
63$28,778,903$19,294,468$17,094,017$24,139,420
64$31,643,835$20,169,381$17,596,149$25,845,409
65$34,798,768$21,084,942$18,112,882$27,697,382
66$38,273,213$22,043,075$18,644,635$29,709,129
67$42,099,688$23,045,793$19,191,837$31,895,800
68$46,314,025$24,095,206$19,754,933$34,274,045
69$50,955,710$25,193,526$20,334,378$36,862,163
70$56,068,254$26,343,070$20,930,641$39,680,265
71$61,699,601$27,546,266$21,544,202$42,750,461
72$67,902,586$28,805,658$22,175,559$46,097,059
73$74,735,428$30,123,914$22,825,218$49,746,789
74$82,262,284$31,503,828$23,493,705$53,729,044
75$90,553,850$32,948,329$24,181,558$58,076,151
76$99,688,032$34,460,486$24,889,329$62,823,667
77$109,750,677$36,043,515$25,617,587$68,010,708
78$120,836,387$37,700,789$26,366,918$73,680,305
79$133,049,412$39,435,841$27,137,922$79,879,800
80$146,504,627$41,252,372$27,931,218$86,661,286
81$161,328,626$43,154,266$28,747,441$94,082,087
82$177,660,910$45,145,588$29,587,244$102,205,285
83$195,655,205$47,230,604$30,451,299$111,100,307
84$215,480,913$49,413,781$31,340,295$120,843,564
85$237,324,713$51,699,804$32,254,942$131,519,164
86$261,392,321$54,093,581$33,195,969$143,219,689
87$287,910,430$56,600,258$34,164,126$156,047,057
88$317,128,852$59,225,230$35,160,184$170,113,469
89$349,322,878$61,974,149$36,184,933$185,542,449
90$384,795,872$64,852,943$37,239,188$202,469,999
91$423,882,136$67,867,821$38,323,785$221,045,865
92$466,950,066$71,025,298$39,439,585$241,434,929
93$514,405,633$74,332,197$40,587,471$263,818,753
94$566,696,206$77,795,674$41,768,350$288,397,269
95$624,314,786$81,423,229$42,983,157$315,390,647
96$687,804,652$85,222,724$44,232,850$345,041,356
97$757,764,491$89,202,402$45,518,415$377,616,424
98$834,854,053$93,370,903$46,840,866$413,409,944
99$919,800,373$97,737,285$48,201,242$452,745,819
100$1,013,404,641$102,311,042$49,600,614$495,980,800