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%11.5%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,101,420
2 years$568,242$557,659$547,403$537,458$527,812$520,766
3 years$375,065$364,436$354,206$344,355$334,866$327,977
4 years$278,495$267,899$257,771$248,088$238,829$232,151
5 years$220,569$210,036$200,041$190,555$181,554$175,106
6 years$181,964$171,510$161,663$152,389$143,658$137,448
7 years$154,399$144,034$134,343$125,287$116,832$110,863
8 years$133,736$123,464$113,933$105,100$96,923$91,197
9 years$117,672$107,498$98,131$89,522$81,624$76,137
10 years$104,829$94,754$85,552$77,169$69,547$64,298
11 years$94,328$84,354$75,319$67,160$59,813$54,797
12 years$85,583$75,711$66,844$58,908$51,833$47,046
13 years$78,190$68,421$59,720$52,007$45,199$40,637
14 years$71,858$62,193$53,659$46,166$39,621$35,279
15 years$66,375$56,814$48,447$41,172$34,886$30,756
16 years$61,582$52,126$43,924$36,865$30,832$26,910
17 years$57,358$48,006$39,969$33,123$27,338$23,617
18 years$53,607$44,360$36,487$29,851$24,308$20,782
19 years$50,255$41,112$33,402$26,973$21,666$18,328
20 years$47,242$38,203$30,655$24,429$19,352$16,196
21 years$44,519$35,585$28,196$22,171$17,318$14,337
22 years$42,047$33,217$25,987$20,158$15,523$12,710
23 years$39,794$31,067$23,995$18,359$13,935$11,282
24 years$37,731$29,108$22,191$16,744$12,525$10,026
25 years$35,836$27,317$20,553$15,292$11,270$8,919
26 years$34,090$25,673$19,062$13,982$10,152$7,942
27 years$32,476$24,161$17,701$12,798$9,153$7,077
28 years$30,980$22,767$16,455$11,726$8,259$6,311
29 years$29,590$21,478$15,313$10,753$7,457$5,631
30 years$28,294$20,284$14,264$9,868$6,738$5,027
31 years$27,085$19,175$13,297$9,063$6,092$4,490
32 years$25,954$18,144$12,407$8,329$5,511$4,012
33 years$24,893$17,182$11,584$7,660$4,987$3,587
34 years$23,897$16,285$10,824$7,047$4,515$3,207
35 years$22,960$15,446$10,119$6,488$4,090$2,869
36 years$22,076$14,660$9,466$5,975$3,705$2,567
37 years$21,243$13,924$8,860$5,505$3,358$2,298
38 years$20,455$13,233$8,297$5,074$3,045$2,057
39 years$19,710$12,583$7,774$4,679$2,761$1,842
40 years$19,003$11,972$7,286$4,315$2,504$1,649
41 years$18,333$11,396$6,832$3,981$2,272$1,477
42 years$17,697$10,853$6,409$3,674$2,062$1,323
43 years$17,091$10,341$6,014$3,392$1,871$1,185
44 years$16,515$9,857$5,645$3,132$1,698$1,062
45 years$15,966$9,400$5,301$2,892$1,542$952
46 years$15,442$8,967$4,978$2,672$1,400$853
47 years$14,943$8,557$4,677$2,468$1,271$764
48 years$14,465$8,169$4,395$2,281$1,154$685
49 years$14,008$7,801$4,131$2,108$1,048$614
50 years$13,571$7,452$3,884$1,948$952$551

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 $4,151 every year, while hoping to spend $25,650 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: 66/25/9 Blend
55$13,900,000$13,900,000$13,900,000$13,900,000
56$15,322,082$14,585,382$14,369,932$16,305,338
57$16,857,643$15,272,774$14,824,033$17,647,297
58$18,548,971$15,992,989$15,292,487$19,109,955
59$20,411,928$16,747,608$15,775,748$20,707,843
60$22,463,993$17,538,288$16,274,283$22,454,153
61$24,724,424$18,366,768$16,788,575$24,363,394
62$27,214,446$19,234,870$17,319,123$26,451,526
63$29,957,446$20,144,506$17,866,440$28,736,108
64$32,979,197$21,097,678$18,431,058$31,236,461
65$36,308,098$22,096,487$19,013,521$33,973,841
66$39,975,446$23,143,137$19,614,396$36,971,641
67$44,015,726$24,239,935$20,234,263$40,255,604
68$48,466,943$25,389,305$20,873,723$43,854,062
69$53,370,975$26,593,784$21,533,397$47,798,196
70$58,773,970$27,856,036$22,213,922$52,122,330
71$64,726,785$29,178,851$22,915,958$56,864,246
72$71,285,459$30,565,158$23,640,185$62,065,534
73$78,511,750$32,018,024$24,387,305$67,771,980
74$86,473,710$33,540,669$25,158,041$74,033,993
75$95,246,334$35,136,467$25,953,140$80,907,072
76$104,912,262$36,808,956$26,773,373$88,452,324
77$115,562,566$38,561,848$27,619,534$96,737,032
78$127,297,602$40,399,033$28,492,443$105,835,286
79$140,227,963$42,324,591$29,392,946$115,828,670
80$154,475,520$44,342,801$30,321,914$126,807,027
81$170,174,574$46,458,149$31,280,249$138,869,297
82$187,473,121$48,675,338$32,268,878$152,124,441
83$206,534,253$50,999,304$33,288,759$166,692,462
84$227,537,696$53,435,219$34,340,881$182,705,527
85$250,681,503$55,988,507$35,426,263$200,309,202
86$276,183,930$58,664,857$36,545,956$219,663,817
87$304,285,491$61,470,236$37,701,047$240,945,971
88$335,251,232$64,410,898$38,892,652$264,350,179
89$369,373,230$67,493,404$40,121,928$290,090,705
90$406,973,353$70,724,634$41,390,066$318,403,563
91$448,406,295$74,111,802$42,698,294$349,548,738
92$494,062,930$77,662,473$44,047,880$383,812,621
93$544,373,997$81,384,582$45,440,131$421,510,700
94$599,814,167$85,286,448$46,876,398$462,990,519
95$660,906,525$89,376,798$48,358,071$508,634,949
96$728,227,511$93,664,781$49,886,586$558,865,778
97$802,412,355$98,159,994$51,463,425$614,147,676
98$884,161,082$102,872,500$53,090,116$674,992,566
99$974,245,112$107,812,852$54,768,235$741,964,434
100$1,073,514,551$112,992,119$56,499,408$815,684,632