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

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 $13,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,123,075$1,113,072$1,103,311$1,093,785$1,084,483$1,053,145
2 years$555,978$545,623$535,588$525,858$516,421$485,097
3 years$366,970$356,571$346,561$336,922$327,638$297,310
4 years$272,485$262,117$252,208$242,734$233,674$204,575
5 years$215,808$205,503$195,723$186,443$177,636$149,844
6 years$178,036$167,809$158,174$149,100$140,557$114,099
7 years$151,067$140,926$131,443$122,583$114,310$89,186
8 years$130,849$120,799$111,474$102,832$94,832$71,026
9 years$115,133$105,177$96,013$87,590$79,862$57,351
10 years$102,567$92,709$83,706$75,503$68,046$46,799
11 years$92,292$82,533$73,693$65,711$58,522$38,504
12 years$83,736$74,077$65,401$57,637$50,714$31,886
13 years$76,502$66,944$58,431$50,885$44,224$26,543
14 years$70,307$60,850$52,501$45,170$38,766$22,190
15 years$64,942$55,588$47,401$40,284$34,133$18,614
16 years$60,253$51,001$42,976$36,070$30,167$15,660
17 years$56,120$46,970$39,107$32,408$26,748$13,205
18 years$52,450$43,402$35,699$29,206$23,783$11,157
19 years$49,170$40,225$32,681$26,390$21,198$9,443
20 years$46,222$37,379$29,993$23,902$18,935$8,003
21 years$43,558$34,817$27,588$21,692$16,944$6,790
22 years$41,140$32,500$25,426$19,723$15,188$5,767
23 years$38,935$30,397$23,477$17,962$13,634$4,902
24 years$36,917$28,480$21,712$16,383$12,254$4,169
25 years$35,063$26,727$20,110$14,962$11,027$3,548
26 years$33,354$25,119$18,651$13,680$9,933$3,022
27 years$31,775$23,640$17,319$12,522$8,955$2,574
28 years$30,311$22,276$16,100$11,473$8,080$2,194
29 years$28,951$21,015$14,983$10,521$7,296$1,870
30 years$27,684$19,846$13,956$9,655$6,593$1,594
31 years$26,500$18,761$13,010$8,868$5,961$1,360
32 years$25,393$17,752$12,139$8,150$5,392$1,160
33 years$24,356$16,811$11,334$7,494$4,880$990
34 years$23,381$15,933$10,590$6,895$4,418$844
35 years$22,464$15,113$9,901$6,348$4,001$721
36 years$21,600$14,344$9,262$5,846$3,625$615
37 years$20,785$13,624$8,669$5,386$3,286$525
38 years$20,014$12,947$8,118$4,965$2,979$448
39 years$19,284$12,311$7,606$4,578$2,701$383
40 years$18,593$11,713$7,129$4,222$2,450$327
41 years$17,938$11,150$6,685$3,896$2,223$279
42 years$17,315$10,619$6,271$3,595$2,017$238
43 years$16,723$10,118$5,884$3,319$1,831$203
44 years$16,159$9,644$5,523$3,064$1,662$174
45 years$15,622$9,197$5,186$2,830$1,509$148
46 years$15,109$8,773$4,871$2,614$1,370$127
47 years$14,620$8,372$4,576$2,415$1,244$108
48 years$14,153$7,993$4,300$2,232$1,129$92
49 years$13,706$7,632$4,042$2,062$1,026$79
50 years$13,278$7,291$3,800$1,906$932$67

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 $5,632 every year, while hoping to spend $20,103 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: 51/24/25 Blend
55$13,600,000$13,600,000$13,600,000$13,600,000
56$14,993,009$14,272,209$14,061,409$15,652,240
57$16,500,907$14,950,158$14,511,077$16,788,534
58$18,161,936$15,660,653$14,975,135$18,020,890
59$19,991,696$16,405,267$15,454,044$19,360,503
60$22,007,373$17,185,650$15,948,279$20,817,574
61$24,227,911$18,003,532$16,458,332$22,403,308
62$26,674,181$18,860,728$16,984,709$24,130,026
63$29,369,183$19,759,139$17,527,933$26,011,268
64$32,338,264$20,700,761$18,088,543$28,061,920
65$35,609,354$21,687,686$18,667,096$30,298,350
66$39,213,232$22,722,106$19,264,168$32,738,558
67$43,183,815$23,806,322$19,880,350$35,402,337
68$47,558,478$24,942,746$20,516,256$38,311,460
69$52,378,409$26,133,908$21,172,517$41,489,874
70$57,688,996$27,382,458$21,849,786$44,963,925
71$63,540,254$28,691,179$22,548,734$48,762,596
72$69,987,301$30,062,987$23,270,057$52,917,779
73$77,090,873$31,500,941$24,014,472$57,464,563
74$84,917,903$33,008,249$24,782,717$62,441,566
75$93,542,148$34,588,272$25,575,558$67,891,284
76$103,044,890$36,244,540$26,393,781$73,860,489
77$113,515,696$37,980,749$27,238,200$80,400,665
78$125,053,271$39,800,781$28,109,655$87,568,476
79$137,766,387$41,708,701$29,009,010$95,426,304
80$151,774,908$43,708,777$29,937,161$104,042,819
81$167,210,923$45,805,481$30,895,030$113,493,623
82$184,219,993$48,003,506$31,883,570$123,861,951
83$202,962,525$50,307,770$32,903,762$135,239,449
84$223,615,286$52,723,435$33,956,622$147,727,023
85$246,373,073$55,255,911$35,043,197$161,435,786
86$271,450,548$57,910,872$36,164,565$176,488,091
87$299,084,269$60,694,270$37,321,844$193,018,675
88$329,534,922$63,612,346$38,516,182$211,175,916
89$363,089,779$66,671,646$39,748,769$231,123,223
90$400,065,413$69,879,034$41,020,830$253,040,561
91$440,810,687$73,241,709$42,333,630$277,126,137
92$485,710,046$76,767,220$43,688,475$303,598,255
93$535,187,143$80,463,487$45,086,712$332,697,359
94$589,708,847$84,338,814$46,529,732$364,688,288
95$649,789,642$88,401,908$48,018,971$399,862,756
96$715,996,489$92,661,905$49,555,910$438,542,090
97$788,954,176$97,128,383$51,142,077$481,080,238
98$869,351,217$101,811,389$52,779,052$527,867,098
99$957,946,354$106,721,459$54,468,463$579,332,171
100$1,055,575,715$111,869,645$56,211,990$635,948,595