Can I retire at age 56 with 13,600,000?

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 $13,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,123,075$1,113,072$1,103,311$1,093,785$1,084,483$1,070,488
2 years$555,978$545,623$535,588$525,858$516,421$502,341
3 years$366,970$356,571$346,561$336,922$327,638$313,911
4 years$272,485$262,117$252,208$242,734$233,674$220,406
5 years$215,808$205,503$195,723$186,443$177,636$164,864
6 years$178,036$167,809$158,174$149,100$140,557$128,298
7 years$151,067$140,926$131,443$122,583$114,310$102,569
8 years$130,849$120,799$111,474$102,832$94,832$83,606
9 years$115,133$105,177$96,013$87,590$79,862$69,147
10 years$102,567$92,709$83,706$75,503$68,046$57,835
11 years$92,292$82,533$73,693$65,711$58,522$48,805
12 years$83,736$74,077$65,401$57,637$50,714$41,480
13 years$76,502$66,944$58,431$50,885$44,224$35,460
14 years$70,307$60,850$52,501$45,170$38,766$30,461
15 years$64,942$55,588$47,401$40,284$34,133$26,272
16 years$60,253$51,001$42,976$36,070$30,167$22,735
17 years$56,120$46,970$39,107$32,408$26,748$19,732
18 years$52,450$43,402$35,699$29,206$23,783$17,166
19 years$49,170$40,225$32,681$26,390$21,198$14,966
20 years$46,222$37,379$29,993$23,902$18,935$13,071
21 years$43,558$34,817$27,588$21,692$16,944$11,433
22 years$41,140$32,500$25,426$19,723$15,188$10,015
23 years$38,935$30,397$23,477$17,962$13,634$8,782
24 years$36,917$28,480$21,712$16,383$12,254$7,709
25 years$35,063$26,727$20,110$14,962$11,027$6,773
26 years$33,354$25,119$18,651$13,680$9,933$5,955
27 years$31,775$23,640$17,319$12,522$8,955$5,240
28 years$30,311$22,276$16,100$11,473$8,080$4,613
29 years$28,951$21,015$14,983$10,521$7,296$4,063
30 years$27,684$19,846$13,956$9,655$6,593$3,580
31 years$26,500$18,761$13,010$8,868$5,961$3,156
32 years$25,393$17,752$12,139$8,150$5,392$2,783
33 years$24,356$16,811$11,334$7,494$4,880$2,455
34 years$23,381$15,933$10,590$6,895$4,418$2,167
35 years$22,464$15,113$9,901$6,348$4,001$1,912
36 years$21,600$14,344$9,262$5,846$3,625$1,688
37 years$20,785$13,624$8,669$5,386$3,286$1,490
38 years$20,014$12,947$8,118$4,965$2,979$1,316
39 years$19,284$12,311$7,606$4,578$2,701$1,163
40 years$18,593$11,713$7,129$4,222$2,450$1,027
41 years$17,938$11,150$6,685$3,896$2,223$907
42 years$17,315$10,619$6,271$3,595$2,017$801
43 years$16,723$10,118$5,884$3,319$1,831$708
44 years$16,159$9,644$5,523$3,064$1,662$626
45 years$15,622$9,197$5,186$2,830$1,509$553
46 years$15,109$8,773$4,871$2,614$1,370$489
47 years$14,620$8,372$4,576$2,415$1,244$432
48 years$14,153$7,993$4,300$2,232$1,129$382
49 years$13,706$7,632$4,042$2,062$1,026$337
50 years$13,278$7,291$3,800$1,906$932$298

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $13,600,000, adding $6,750 every year, while hoping to spend $54,126 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: 55/29/16 Blend
55$13,600,000$13,600,000$13,600,000$13,600,000
56$14,994,163$14,273,363$14,062,563$15,754,920
57$16,465,978$14,915,168$14,476,069$16,915,493
58$18,086,104$15,586,607$14,901,613$18,172,215
59$19,869,611$16,289,076$15,339,543$19,539,455
60$21,833,106$17,024,036$15,790,212$21,027,780
61$23,994,887$17,793,017$16,253,988$22,648,808
62$26,375,116$18,597,626$16,731,247$24,415,309
63$28,996,010$19,439,541$17,222,376$26,341,325
64$31,882,050$20,320,525$17,727,772$28,442,296
65$35,060,211$21,242,424$18,247,845$30,735,201
66$38,560,221$22,207,171$18,783,016$33,238,714
67$42,414,833$23,216,792$19,333,717$35,973,377
68$46,660,142$24,273,411$19,900,393$38,961,785
69$51,335,921$25,379,252$20,483,500$42,228,799
70$56,485,998$26,536,648$21,083,510$45,801,768
71$62,158,667$27,748,042$21,700,905$49,710,789
72$68,407,148$29,015,993$22,336,183$53,988,978
73$75,290,086$30,343,185$22,989,853$58,672,781
74$82,872,104$31,732,430$23,662,442$63,802,309
75$91,224,414$33,186,674$24,354,489$69,421,709
76$100,425,489$34,709,006$25,066,550$75,579,576
77$110,561,804$36,302,663$25,799,194$82,329,400
78$121,728,649$37,971,035$26,553,009$89,730,067
79$134,031,034$39,717,678$27,328,597$97,846,403
80$147,584,673$41,546,317$28,126,578$106,749,779
81$162,517,080$43,460,858$28,947,590$116,518,777
82$178,968,775$45,465,392$29,792,286$127,239,916
83$197,094,604$47,564,210$30,661,341$139,008,467
84$217,065,203$49,761,807$31,555,447$151,929,336
85$239,068,614$52,062,895$32,475,313$166,118,043
86$263,312,048$54,472,413$33,421,673$181,701,805
87$290,023,854$56,995,538$34,395,276$198,820,723
88$319,455,665$59,637,696$35,396,895$217,629,090
89$351,884,775$62,404,576$36,427,323$238,296,837
90$387,616,761$65,302,139$37,487,377$261,011,122
91$426,988,361$68,336,634$38,577,895$285,978,082
92$470,370,656$71,514,612$39,699,737$313,424,767
93$518,172,575$74,842,940$40,853,790$343,601,261
94$570,844,749$78,328,815$42,040,963$376,783,034
95$628,883,770$81,979,784$43,262,192$413,273,520
96$692,836,876$85,803,754$44,518,437$453,406,966
97$763,307,117$89,809,019$45,810,685$497,551,568
98$840,959,052$94,004,269$47,139,951$546,112,924
99$926,525,013$98,398,617$48,507,278$599,537,849
100$1,020,812,030$103,001,614$49,913,736$658,318,564