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%14.7%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,055,637
2 years$551,890$541,611$531,650$521,992$512,623$491,680
3 years$364,272$353,949$344,013$334,445$325,229$304,868
4 years$270,481$260,190$250,353$240,949$231,956$212,333
5 years$214,222$203,992$194,284$185,072$176,329$157,500
6 years$176,727$166,575$157,011$148,003$139,524$121,509
7 years$149,956$139,889$130,477$121,682$113,470$96,275
8 years$129,887$119,911$110,654$102,076$94,134$77,754
9 years$114,286$104,404$95,307$86,946$79,275$63,699
10 years$101,812$92,027$83,091$74,948$67,546$52,759
11 years$91,613$81,926$73,152$65,227$58,092$44,077
12 years$83,120$73,533$64,920$57,213$50,341$37,078
13 years$75,940$66,452$58,002$50,511$43,898$31,366
14 years$69,790$60,403$52,115$44,838$38,481$26,656
15 years$64,465$55,179$47,053$39,987$33,882$22,739
16 years$59,810$50,626$42,660$35,804$29,945$19,459
17 years$55,707$46,625$38,819$32,170$26,551$16,697
18 years$52,064$43,083$35,437$28,992$23,608$14,359
19 years$48,809$39,929$32,441$26,196$21,042$12,372
20 years$45,882$37,104$29,772$23,726$18,795$10,677
21 years$43,238$34,561$27,385$21,533$16,820$9,228
22 years$40,837$32,261$25,239$19,578$15,077$7,984
23 years$38,649$30,173$23,304$17,830$13,534$6,915
24 years$36,645$28,271$21,552$16,262$12,164$5,995
25 years$34,805$26,531$19,962$14,852$10,946$5,201
26 years$33,109$24,934$18,514$13,580$9,860$4,515
27 years$31,542$23,466$17,192$12,430$8,889$3,922
28 years$30,089$22,112$15,982$11,388$8,021$3,408
29 years$28,738$20,860$14,872$10,443$7,243$2,963
30 years$27,480$19,700$13,853$9,584$6,544$2,577
31 years$26,306$18,623$12,915$8,802$5,917$2,242
32 years$25,207$17,621$12,050$8,090$5,352$1,951
33 years$24,177$16,688$11,251$7,439$4,844$1,698
34 years$23,209$15,816$10,512$6,845$4,385$1,478
35 years$22,299$15,001$9,828$6,301$3,972$1,287
36 years$21,441$14,239$9,194$5,803$3,599$1,121
37 years$20,632$13,523$8,605$5,347$3,262$977
38 years$19,867$12,852$8,059$4,928$2,957$851
39 years$19,143$12,221$7,550$4,544$2,682$741
40 years$18,457$11,627$7,077$4,191$2,432$646
41 years$17,806$11,068$6,636$3,867$2,207$563
42 years$17,187$10,541$6,224$3,569$2,002$490
43 years$16,600$10,043$5,841$3,294$1,817$427
44 years$16,040$9,573$5,483$3,042$1,649$372
45 years$15,507$9,129$5,148$2,809$1,497$325
46 years$14,998$8,709$4,835$2,595$1,360$283
47 years$14,513$8,311$4,543$2,397$1,235$247
48 years$14,049$7,934$4,269$2,215$1,121$215
49 years$13,605$7,576$4,012$2,047$1,018$187
50 years$13,181$7,237$3,772$1,892$925$163

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 $4,194 every year, while hoping to spend $47,497 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: 76/11/13 Blend
55$13,500,000$13,500,000$13,500,000$13,500,000
56$14,881,326$14,165,826$13,956,576$15,972,761
57$16,348,685$14,809,415$14,373,585$17,336,782
58$17,964,122$15,482,948$14,802,972$18,825,291
59$19,742,693$16,187,842$15,245,101$20,455,763
60$21,700,983$16,925,582$15,700,348$22,242,311
61$23,857,272$17,697,725$16,169,098$24,200,475
62$26,231,700$18,505,900$16,651,749$26,347,365
63$28,846,461$19,351,816$17,148,711$28,701,822
64$31,726,011$20,237,266$17,660,403$31,284,589
65$34,897,296$21,164,124$18,187,258$34,118,513
66$38,390,012$22,134,358$18,729,724$37,228,749
67$42,236,881$23,150,029$19,288,257$40,643,002
68$46,473,960$24,213,298$19,863,331$44,391,784
69$51,140,982$25,326,427$20,455,430$48,508,699
70$56,281,730$26,491,790$21,065,055$53,030,758
71$61,944,453$27,711,874$21,692,720$57,998,724
72$68,182,315$28,989,284$22,338,955$63,457,499
73$75,053,905$30,326,752$23,004,303$69,456,537
74$82,623,782$31,727,142$23,689,326$76,050,316
75$90,963,089$33,193,453$24,394,600$83,298,842
76$100,150,224$34,728,832$25,120,719$91,268,219
77$110,271,577$36,336,575$25,868,293$100,031,263
78$121,422,347$38,020,137$26,637,951$109,668,188
79$133,707,443$39,783,140$27,430,339$120,267,363
80$147,242,470$41,629,381$28,246,122$131,926,135
81$162,154,820$43,562,840$29,085,986$144,751,752
82$178,584,879$45,587,686$29,950,634$158,862,364
83$196,687,348$47,708,294$30,840,791$174,388,139
84$216,632,703$49,929,246$31,757,203$191,472,484
85$238,608,806$52,255,346$32,700,637$210,273,395
86$262,822,678$54,691,632$33,671,882$230,964,943
87$289,502,452$57,243,383$34,671,751$253,738,913
88$318,899,527$59,916,133$35,701,079$278,806,607
89$351,290,940$62,715,685$36,760,726$306,400,836
90$386,981,982$65,648,120$37,851,577$336,778,107
91$426,309,080$68,719,814$38,974,541$370,221,044
92$469,642,973$71,937,452$40,130,555$407,041,044
93$517,392,210$75,308,040$41,320,582$447,581,214
94$570,007,007$78,838,926$42,545,613$492,219,601
95$627,983,498$82,537,810$43,806,668$541,372,753
96$691,868,418$86,412,766$45,104,794$595,499,644
97$762,264,265$90,472,259$46,441,072$655,105,999
98$839,834,983$94,725,163$47,816,612$720,749,061
99$925,312,237$99,180,782$49,232,554$793,042,839
100$1,019,502,315$103,848,869$50,690,074$872,663,899