Can I retire at age 56 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,065,691
2 years$568,242$557,659$547,403$537,458$527,812$485,287
3 years$375,065$364,436$354,206$344,355$334,866$293,869
4 years$278,495$267,899$257,771$248,088$238,829$199,673
5 years$220,569$210,036$200,041$190,555$181,554$144,338
6 years$181,964$171,510$161,663$152,389$143,658$108,408
7 years$154,399$144,034$134,343$125,287$116,832$83,537
8 years$133,736$123,464$113,933$105,100$96,923$65,550
9 years$117,672$107,498$98,131$89,522$81,624$52,127
10 years$104,829$94,754$85,552$77,169$69,547$41,872
11 years$94,328$84,354$75,319$67,160$59,813$33,897
12 years$85,583$75,711$66,844$58,908$51,833$27,607
13 years$78,190$68,421$59,720$52,007$45,199$22,594
14 years$71,858$62,193$53,659$46,166$39,621$18,562
15 years$66,375$56,814$48,447$41,172$34,886$15,297
16 years$61,582$52,126$43,924$36,865$30,832$12,639
17 years$57,358$48,006$39,969$33,123$27,338$10,464
18 years$53,607$44,360$36,487$29,851$24,308$8,678
19 years$50,255$41,112$33,402$26,973$21,666$7,207
20 years$47,242$38,203$30,655$24,429$19,352$5,992
21 years$44,519$35,585$28,196$22,171$17,318$4,986
22 years$42,047$33,217$25,987$20,158$15,523$4,153
23 years$39,794$31,067$23,995$18,359$13,935$3,461
24 years$37,731$29,108$22,191$16,744$12,525$2,886
25 years$35,836$27,317$20,553$15,292$11,270$2,408
26 years$34,090$25,673$19,062$13,982$10,152$2,009
27 years$32,476$24,161$17,701$12,798$9,153$1,677
28 years$30,980$22,767$16,455$11,726$8,259$1,401
29 years$29,590$21,478$15,313$10,753$7,457$1,170
30 years$28,294$20,284$14,264$9,868$6,738$977
31 years$27,085$19,175$13,297$9,063$6,092$816
32 years$25,954$18,144$12,407$8,329$5,511$682
33 years$24,893$17,182$11,584$7,660$4,987$570
34 years$23,897$16,285$10,824$7,047$4,515$476
35 years$22,960$15,446$10,119$6,488$4,090$398
36 years$22,076$14,660$9,466$5,975$3,705$333
37 years$21,243$13,924$8,860$5,505$3,358$278
38 years$20,455$13,233$8,297$5,074$3,045$233
39 years$19,710$12,583$7,774$4,679$2,761$194
40 years$19,003$11,972$7,286$4,315$2,504$163
41 years$18,333$11,396$6,832$3,981$2,272$136
42 years$17,697$10,853$6,409$3,674$2,062$114
43 years$17,091$10,341$6,014$3,392$1,871$95
44 years$16,515$9,857$5,645$3,132$1,698$79
45 years$15,966$9,400$5,301$2,892$1,542$66
46 years$15,442$8,967$4,978$2,672$1,400$56
47 years$14,943$8,557$4,677$2,468$1,271$46
48 years$14,465$8,169$4,395$2,281$1,154$39
49 years$14,008$7,801$4,131$2,108$1,048$32
50 years$13,571$7,452$3,884$1,948$952$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $13,900,000, adding $6,119 every year, while hoping to spend $44,749 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: 70/15/15 Blend
55$13,900,000$13,900,000$13,900,000$13,900,000
56$15,324,112$14,587,412$14,371,962$16,343,834
57$16,839,559$15,254,582$14,805,810$17,689,603
58$18,508,081$15,952,944$15,252,692$19,155,993
59$20,345,246$16,683,979$15,712,998$20,759,698
60$22,368,206$17,449,239$16,187,128$22,514,259
61$24,595,862$18,250,351$16,675,496$24,434,575
62$27,049,040$19,089,019$17,178,526$26,537,046
63$29,750,692$19,967,030$17,696,656$28,839,725
64$32,726,106$20,886,258$18,230,337$31,362,484
65$36,003,148$21,848,664$18,780,032$34,127,202
66$39,612,526$22,856,306$19,346,221$37,157,963
67$43,588,079$23,911,339$19,929,394$40,481,287
68$47,967,092$25,016,024$20,530,058$44,126,369
69$52,790,656$26,172,729$21,148,735$48,125,361
70$58,104,046$27,383,937$21,785,962$52,513,662
71$63,957,159$28,652,249$22,442,291$57,330,257
72$70,404,973$29,980,394$23,118,292$62,618,076
73$77,508,076$31,371,229$23,814,550$68,424,395
74$85,333,232$32,827,752$24,531,670$74,801,282
75$93,954,013$34,353,103$25,270,273$81,806,081
76$103,451,493$35,950,575$26,030,997$89,501,950
77$113,915,012$37,623,620$26,814,502$97,958,452
78$125,443,021$39,375,856$27,621,466$107,252,206
79$138,144,011$41,211,074$28,452,586$117,467,606
80$152,137,534$43,133,251$29,308,582$128,697,614
81$167,555,336$45,146,553$30,190,193$141,044,627
82$184,542,596$47,255,350$31,098,181$154,621,444
83$203,259,300$49,464,222$32,033,329$169,552,320
84$223,881,749$51,777,969$32,996,446$185,974,134
85$246,604,223$54,201,625$33,988,363$204,037,675
86$271,640,815$56,740,466$35,009,934$223,909,057
87$299,227,453$59,400,024$36,062,041$245,771,283
88$329,624,125$62,186,097$37,145,591$269,825,960
89$363,117,335$65,104,764$38,261,518$296,295,199
90$400,022,806$68,162,401$39,410,782$325,423,702
91$440,688,461$71,365,688$40,594,372$357,481,062
92$485,497,708$74,721,630$41,813,307$392,764,299
93$534,873,058$78,237,574$43,068,637$431,600,657
94$589,280,112$81,921,217$44,361,439$474,350,680
95$649,231,962$85,780,635$45,692,825$521,411,610
96$715,294,026$89,824,290$47,063,938$573,221,121
97$788,089,393$94,061,057$48,475,957$630,261,442
98$868,304,703$98,500,240$49,930,093$693,063,899
99$956,696,624$103,151,594$51,427,593$762,213,916
100$1,054,099,005$108,025,347$52,969,742$838,356,531