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%17.4%
1 years$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,067,344
2 years$564,154$553,647$543,464$533,591$524,015$490,958
3 years$372,367$361,815$351,657$341,877$332,457$300,468
4 years$276,492$265,972$255,917$246,303$237,111$206,435
5 years$218,982$208,525$198,602$189,185$180,248$150,968
6 years$180,655$170,277$160,500$151,292$142,624$114,766
7 years$153,289$142,998$133,376$124,386$115,992$89,554
8 years$132,774$122,576$113,113$104,344$96,226$71,193
9 years$116,826$106,724$97,425$88,878$81,036$57,381
10 years$104,075$94,072$84,937$76,614$69,047$46,737
11 years$93,649$83,747$74,777$66,677$59,383$38,378
12 years$84,967$75,167$66,363$58,485$51,460$31,719
13 years$77,627$67,929$59,291$51,633$44,874$26,351
14 years$71,341$61,745$53,273$45,834$39,336$21,983
15 years$65,897$56,405$48,098$40,876$34,635$18,402
16 years$61,139$51,751$43,608$36,600$30,610$15,448
17 years$56,945$47,661$39,682$32,885$27,141$12,998
18 years$53,221$44,041$36,224$29,636$24,133$10,958
19 years$49,893$40,816$33,162$26,779$21,510$9,253
20 years$46,902$37,929$30,434$24,253$19,213$7,824
21 years$44,199$35,329$27,994$22,011$17,194$6,623
22 years$41,745$32,978$25,800$20,013$15,412$5,612
23 years$39,507$30,844$23,822$18,226$13,834$4,759
24 years$37,460$28,899$22,031$16,624$12,435$4,038
25 years$35,579$27,120$20,405$15,182$11,189$3,428
26 years$33,845$25,489$18,925$13,881$10,079$2,912
27 years$32,243$23,988$17,574$12,706$9,087$2,475
28 years$30,757$22,603$16,337$11,641$8,199$2,104
29 years$29,377$21,324$15,203$10,675$7,404$1,789
30 years$28,091$20,138$14,161$9,797$6,690$1,522
31 years$26,890$19,037$13,202$8,998$6,048$1,295
32 years$25,767$18,013$12,318$8,269$5,471$1,102
33 years$24,714$17,059$11,501$7,604$4,951$938
34 years$23,725$16,168$10,746$6,997$4,483$798
35 years$22,794$15,335$10,047$6,441$4,060$679
36 years$21,918$14,555$9,398$5,932$3,679$578
37 years$21,090$13,824$8,797$5,465$3,334$492
38 years$20,308$13,138$8,238$5,038$3,023$419
39 years$19,568$12,493$7,718$4,645$2,741$357
40 years$18,867$11,886$7,234$4,284$2,486$304
41 years$18,201$11,314$6,783$3,953$2,256$259
42 years$17,569$10,775$6,363$3,648$2,047$220
43 years$16,968$10,266$5,971$3,367$1,858$188
44 years$16,396$9,786$5,604$3,109$1,686$160
45 years$15,851$9,332$5,262$2,872$1,531$136
46 years$15,331$8,902$4,943$2,652$1,390$116
47 years$14,835$8,496$4,643$2,451$1,262$99
48 years$14,361$8,110$4,364$2,264$1,146$84
49 years$13,908$7,745$4,101$2,093$1,041$72
50 years$13,474$7,398$3,856$1,934$945$61

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 $4,195 every year, while hoping to spend $48,141 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: 62/20/18 Blend
55$13,800,000$13,800,000$13,800,000$13,800,000
56$15,211,927$14,480,527$14,266,627$16,085,090
57$16,712,322$15,138,851$14,693,338$17,332,110
58$18,364,144$15,827,820$15,132,729$18,687,113
59$20,182,787$16,548,884$15,585,176$20,165,263
60$22,185,215$17,303,563$16,051,063$21,778,538
61$24,390,120$18,093,450$16,530,787$23,540,119
62$26,818,099$18,920,216$17,024,755$25,464,504
63$29,491,847$19,785,609$17,533,386$27,567,645
64$32,436,374$20,691,462$18,057,114$29,867,094
65$35,679,239$21,639,698$18,596,381$32,382,167
66$39,250,807$22,632,330$19,151,646$35,134,119
67$43,184,543$23,671,467$19,723,380$38,146,344
68$47,517,319$24,759,322$20,312,066$41,444,589
69$52,289,770$25,898,213$20,918,204$45,057,197
70$57,546,669$27,090,568$21,542,306$49,015,364
71$63,337,357$28,338,933$22,184,902$53,353,434
72$69,716,205$29,645,978$22,846,533$58,109,216
73$76,743,126$31,014,499$23,527,760$63,324,337
74$84,484,142$32,447,428$24,229,158$69,044,628
75$93,012,009$33,947,836$24,951,319$75,320,553
76$102,406,898$35,518,944$25,694,852$82,207,678
77$112,757,158$37,164,128$26,460,386$89,767,191
78$124,160,143$38,886,926$27,248,564$98,066,472
79$136,723,139$40,691,047$28,060,052$107,179,724
80$150,564,368$42,580,377$28,895,533$117,188,663
81$165,814,110$44,558,991$29,755,709$128,183,289
82$182,615,929$46,631,161$30,641,305$140,262,721
83$201,128,029$48,801,365$31,553,065$153,536,129
84$221,524,751$51,074,294$32,491,755$168,123,756
85$243,998,210$53,454,869$33,458,163$184,158,042
86$268,760,117$55,948,247$34,453,102$201,784,871
87$296,043,773$58,559,835$35,477,404$221,164,931
88$326,106,270$61,295,299$36,531,929$242,475,229
89$359,230,922$64,160,581$37,617,561$265,910,746
90$395,729,935$67,161,909$38,735,209$291,686,271
91$435,947,358$70,305,812$39,885,808$320,038,415
92$480,262,327$73,599,135$41,070,321$351,227,834
93$529,092,645$77,049,053$42,289,737$385,541,680
94$582,898,727$80,663,090$43,545,076$423,296,293
95$642,187,947$84,449,131$44,837,386$464,840,181
96$707,519,425$88,415,445$46,167,745$510,557,293
97$779,509,304$92,570,700$47,537,263$560,870,630
98$858,836,573$96,923,984$48,947,081$616,246,222
99$946,249,468$101,484,824$50,398,373$677,197,512
100$1,042,572,543$106,263,210$51,892,348$744,290,188