Can I retire at age 56 with 13,800,000?

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 $13,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,094,414
2 years$564,154$553,647$543,464$533,591$524,015$517,943
3 years$372,367$361,815$351,657$341,877$332,457$326,518
4 years$276,492$265,972$255,917$246,303$237,111$231,352
5 years$218,982$208,525$198,602$189,185$180,248$174,685
6 years$180,655$170,277$160,500$151,292$142,624$137,265
7 years$153,289$142,998$133,376$124,386$115,992$110,838
8 years$132,774$122,576$113,113$104,344$96,226$91,279
9 years$116,826$106,724$97,425$88,878$81,036$76,295
10 years$104,075$94,072$84,937$76,614$69,047$64,508
11 years$93,649$83,747$74,777$66,677$59,383$55,044
12 years$84,967$75,167$66,363$58,485$51,460$47,317
13 years$77,627$67,929$59,291$51,633$44,874$40,923
14 years$71,341$61,745$53,273$45,834$39,336$35,573
15 years$65,897$56,405$48,098$40,876$34,635$31,055
16 years$61,139$51,751$43,608$36,600$30,610$27,208
17 years$56,945$47,661$39,682$32,885$27,141$23,912
18 years$53,221$44,041$36,224$29,636$24,133$21,070
19 years$49,893$40,816$33,162$26,779$21,510$18,609
20 years$46,902$37,929$30,434$24,253$19,213$16,468
21 years$44,199$35,329$27,994$22,011$17,194$14,599
22 years$41,745$32,978$25,800$20,013$15,412$12,961
23 years$39,507$30,844$23,822$18,226$13,834$11,523
24 years$37,460$28,899$22,031$16,624$12,435$10,256
25 years$35,579$27,120$20,405$15,182$11,189$9,138
26 years$33,845$25,489$18,925$13,881$10,079$8,149
27 years$32,243$23,988$17,574$12,706$9,087$7,273
28 years$30,757$22,603$16,337$11,641$8,199$6,496
29 years$29,377$21,324$15,203$10,675$7,404$5,805
30 years$28,091$20,138$14,161$9,797$6,690$5,191
31 years$26,890$19,037$13,202$8,998$6,048$4,644
32 years$25,767$18,013$12,318$8,269$5,471$4,157
33 years$24,714$17,059$11,501$7,604$4,951$3,722
34 years$23,725$16,168$10,746$6,997$4,483$3,334
35 years$22,794$15,335$10,047$6,441$4,060$2,987
36 years$21,918$14,555$9,398$5,932$3,679$2,678
37 years$21,090$13,824$8,797$5,465$3,334$2,400
38 years$20,308$13,138$8,238$5,038$3,023$2,152
39 years$19,568$12,493$7,718$4,645$2,741$1,931
40 years$18,867$11,886$7,234$4,284$2,486$1,732
41 years$18,201$11,314$6,783$3,953$2,256$1,554
42 years$17,569$10,775$6,363$3,648$2,047$1,394
43 years$16,968$10,266$5,971$3,367$1,858$1,251
44 years$16,396$9,786$5,604$3,109$1,686$1,123
45 years$15,851$9,332$5,262$2,872$1,531$1,008
46 years$15,331$8,902$4,943$2,652$1,390$905
47 years$14,835$8,496$4,643$2,451$1,262$813
48 years$14,361$8,110$4,364$2,264$1,146$730
49 years$13,908$7,745$4,101$2,093$1,041$655
50 years$13,474$7,398$3,856$1,934$945$588

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $13,800,000, adding $3,023 every year, while hoping to spend $42,362 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: 46/25/29 Blend
55$13,800,000$13,800,000$13,800,000$13,800,000
56$15,210,718$14,479,318$14,265,418$15,783,164
57$16,717,139$15,143,732$14,698,237$16,854,083
58$18,375,794$15,839,282$15,144,135$18,011,036
59$20,202,168$16,567,450$15,603,507$19,265,605
60$22,213,321$17,329,787$16,076,756$20,626,966
61$24,428,054$18,127,921$16,564,302$22,105,201
62$26,867,082$18,963,555$17,066,572$23,711,387
63$29,553,233$19,838,478$17,584,011$25,457,698
64$32,511,662$20,754,562$18,117,074$27,357,512
65$35,770,086$21,713,770$18,666,230$29,425,536
66$39,359,049$22,718,160$19,231,964$31,677,939
67$43,312,210$23,769,888$19,814,773$34,132,497
68$47,666,657$24,871,214$20,415,170$36,808,758
69$52,463,261$26,024,508$21,033,683$39,728,219
70$57,747,059$27,232,254$21,670,856$42,914,525
71$63,567,679$28,497,055$22,327,249$46,393,685
72$69,979,810$29,821,639$23,003,441$50,194,310
73$77,043,718$31,208,866$23,700,023$54,347,879
74$84,825,813$32,661,736$24,417,610$58,889,026
75$93,399,276$34,183,391$25,156,829$63,855,861
76$102,844,751$35,777,126$25,918,332$69,290,322
77$113,251,105$37,446,395$26,702,785$75,238,566
78$124,716,267$39,194,817$27,510,878$81,751,389
79$137,348,152$41,026,189$28,343,318$88,884,704
80$151,265,681$42,944,490$29,200,837$96,700,056
81$166,599,900$44,953,889$30,084,184$105,265,196
82$183,495,220$47,058,761$30,994,135$114,654,706
83$202,110,781$49,263,688$31,931,487$124,950,699
84$222,621,948$51,573,477$32,897,060$136,243,578
85$245,221,975$53,993,165$33,891,699$148,632,881
86$270,123,821$56,528,034$34,916,275$162,228,208
87$297,562,165$59,183,622$35,971,685$177,150,243
88$327,795,620$61,965,734$37,058,850$193,531,883
89$361,109,174$64,880,456$38,178,723$211,519,474
90$397,816,880$67,934,169$39,332,281$231,274,183
91$438,264,821$71,133,562$40,520,531$252,973,503
92$482,834,377$74,485,651$41,744,513$276,812,914
93$531,945,824$77,997,788$43,005,295$303,007,712
94$586,062,302$81,677,683$44,303,976$331,795,022
95$645,694,188$85,533,421$45,641,690$363,436,026
96$711,403,912$89,573,476$47,019,604$398,218,403
97$783,811,269$93,806,734$48,438,919$436,459,030
98$863,599,268$98,242,513$49,900,872$478,506,953
99$951,520,578$102,890,582$51,406,736$524,746,659
100$1,048,404,640$107,761,183$52,957,824$575,601,686