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%16.9%
1 years$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,046,244
2 years$551,890$541,611$531,650$521,992$512,623$482,362
3 years$364,272$353,949$344,013$334,445$325,229$295,920
4 years$270,481$260,190$250,353$240,949$231,956$203,824
5 years$214,222$203,992$194,284$185,072$176,329$149,451
6 years$176,727$166,575$157,011$148,003$139,524$113,925
7 years$149,956$139,889$130,477$121,682$113,470$89,151
8 years$129,887$119,911$110,654$102,076$94,134$71,081
9 years$114,286$104,404$95,307$86,946$79,275$57,465
10 years$101,812$92,027$83,091$74,948$67,546$46,952
11 years$91,613$81,926$73,152$65,227$58,092$38,679
12 years$83,120$73,533$64,920$57,213$50,341$32,073
13 years$75,940$66,452$58,002$50,511$43,898$26,735
14 years$69,790$60,403$52,115$44,838$38,481$22,381
15 years$64,465$55,179$47,053$39,987$33,882$18,801
16 years$59,810$50,626$42,660$35,804$29,945$15,840
17 years$55,707$46,625$38,819$32,170$26,551$13,377
18 years$52,064$43,083$35,437$28,992$23,608$11,319
19 years$48,809$39,929$32,441$26,196$21,042$9,594
20 years$45,882$37,104$29,772$23,726$18,795$8,143
21 years$43,238$34,561$27,385$21,533$16,820$6,920
22 years$40,837$32,261$25,239$19,578$15,077$5,886
23 years$38,649$30,173$23,304$17,830$13,534$5,011
24 years$36,645$28,271$21,552$16,262$12,164$4,269
25 years$34,805$26,531$19,962$14,852$10,946$3,639
26 years$33,109$24,934$18,514$13,580$9,860$3,104
27 years$31,542$23,466$17,192$12,430$8,889$2,648
28 years$30,089$22,112$15,982$11,388$8,021$2,261
29 years$28,738$20,860$14,872$10,443$7,243$1,930
30 years$27,480$19,700$13,853$9,584$6,544$1,649
31 years$26,306$18,623$12,915$8,802$5,917$1,408
32 years$25,207$17,621$12,050$8,090$5,352$1,203
33 years$24,177$16,688$11,251$7,439$4,844$1,028
34 years$23,209$15,816$10,512$6,845$4,385$879
35 years$22,299$15,001$9,828$6,301$3,972$751
36 years$21,441$14,239$9,194$5,803$3,599$642
37 years$20,632$13,523$8,605$5,347$3,262$549
38 years$19,867$12,852$8,059$4,928$2,957$470
39 years$19,143$12,221$7,550$4,544$2,682$402
40 years$18,457$11,627$7,077$4,191$2,432$343
41 years$17,806$11,068$6,636$3,867$2,207$294
42 years$17,187$10,541$6,224$3,569$2,002$251
43 years$16,600$10,043$5,841$3,294$1,817$215
44 years$16,040$9,573$5,483$3,042$1,649$184
45 years$15,507$9,129$5,148$2,809$1,497$157
46 years$14,998$8,709$4,835$2,595$1,360$134
47 years$14,513$8,311$4,543$2,397$1,235$115
48 years$14,049$7,934$4,269$2,215$1,121$98
49 years$13,605$7,576$4,012$2,047$1,018$84
50 years$13,181$7,237$3,772$1,892$925$72

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 $4,535 every year, while hoping to spend $23,353 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: 78/11/11 Blend
55$13,500,000$13,500,000$13,500,000$13,500,000
56$14,881,678$14,166,178$13,956,928$16,012,609
57$16,374,762$14,835,473$14,399,638$17,426,180
58$18,019,357$15,536,781$14,856,395$18,972,729
59$19,830,894$16,271,646$15,327,647$20,668,295
60$21,826,375$17,041,686$15,813,853$22,527,734
61$24,024,536$17,848,600$16,315,488$24,567,400
62$26,446,023$18,694,166$16,833,041$26,805,300
63$29,113,589$19,580,251$17,367,019$29,261,264
64$32,052,303$20,508,811$17,917,942$31,957,126
65$35,289,793$21,481,898$18,486,349$34,916,934
66$38,856,504$22,501,664$19,072,794$38,167,166
67$42,785,985$23,570,363$19,677,850$41,736,985
68$47,115,206$24,690,361$20,302,108$45,658,510
69$51,884,906$25,864,138$20,946,178$49,967,115
70$57,139,981$27,094,295$21,610,689$54,701,760
71$62,929,901$28,383,558$22,296,290$59,905,358
72$69,309,185$29,734,786$23,003,650$65,625,177
73$76,337,910$31,150,979$23,733,460$71,913,281
74$84,082,280$32,635,279$24,486,433$78,827,020
75$92,615,248$34,190,984$25,263,305$86,429,568
76$102,017,212$35,821,550$26,064,834$94,790,514
77$112,376,765$37,530,604$26,891,803$103,986,518
78$123,791,537$39,321,945$27,745,021$114,102,030
79$136,369,115$41,199,562$28,625,320$125,230,080
80$150,228,057$43,167,632$29,533,560$137,473,159
81$165,499,014$45,230,542$30,470,630$150,944,174
82$182,325,961$47,392,886$31,437,443$165,767,516
83$200,867,557$49,659,485$32,434,945$182,080,224
84$221,298,642$52,035,395$33,464,111$200,033,281
85$243,811,890$54,525,916$34,525,945$219,793,024
86$268,619,625$57,136,607$35,621,486$241,542,720
87$295,955,824$59,873,298$36,751,803$265,484,281
88$326,078,331$62,742,102$37,918,002$291,840,169
89$359,271,286$65,749,431$39,121,220$320,855,491
90$395,847,812$68,902,008$40,362,635$352,800,303
91$436,152,965$72,206,882$41,643,460$387,972,153
92$480,566,996$75,671,449$42,964,945$426,698,887
93$529,508,942$79,303,462$44,328,383$469,341,731
94$583,440,575$83,111,053$45,735,105$516,298,699
95$642,870,770$87,102,750$47,186,487$568,008,338
96$708,360,301$91,287,497$48,683,946$624,953,861
97$780,527,140$95,674,673$50,228,947$687,667,701
98$860,052,291$100,274,114$51,822,999$756,736,529
99$947,686,215$105,096,137$53,467,661$832,806,779
100$1,044,255,921$110,151,559$55,164,539$916,590,746