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%12.8%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,095,463
2 years$568,242$557,659$547,403$537,458$527,812$514,785
3 years$375,065$364,436$354,206$344,355$334,866$322,159
4 years$278,495$267,899$257,771$248,088$238,829$226,540
5 years$220,569$210,036$200,041$190,555$181,554$169,718
6 years$181,964$171,510$161,663$152,389$143,658$132,290
7 years$154,399$144,034$134,343$125,287$116,832$105,937
8 years$133,736$123,464$113,933$105,100$96,923$86,500
9 years$117,672$107,498$98,131$89,522$81,624$71,667
10 years$104,829$94,754$85,552$77,169$69,547$60,052
11 years$94,328$84,354$75,319$67,160$59,813$50,770
12 years$85,583$75,711$66,844$58,908$51,833$43,233
13 years$78,190$68,421$59,720$52,007$45,199$37,031
14 years$71,858$62,193$53,659$46,166$39,621$31,874
15 years$66,375$56,814$48,447$41,172$34,886$27,547
16 years$61,582$52,126$43,924$36,865$30,832$23,888
17 years$57,358$48,006$39,969$33,123$27,338$20,776
18 years$53,607$44,360$36,487$29,851$24,308$18,114
19 years$50,255$41,112$33,402$26,973$21,666$15,826
20 years$47,242$38,203$30,655$24,429$19,352$13,853
21 years$44,519$35,585$28,196$22,171$17,318$12,145
22 years$42,047$33,217$25,987$20,158$15,523$10,662
23 years$39,794$31,067$23,995$18,359$13,935$9,371
24 years$37,731$29,108$22,191$16,744$12,525$8,245
25 years$35,836$27,317$20,553$15,292$11,270$7,261
26 years$34,090$25,673$19,062$13,982$10,152$6,400
27 years$32,476$24,161$17,701$12,798$9,153$5,644
28 years$30,980$22,767$16,455$11,726$8,259$4,981
29 years$29,590$21,478$15,313$10,753$7,457$4,398
30 years$28,294$20,284$14,264$9,868$6,738$3,885
31 years$27,085$19,175$13,297$9,063$6,092$3,433
32 years$25,954$18,144$12,407$8,329$5,511$3,035
33 years$24,893$17,182$11,584$7,660$4,987$2,684
34 years$23,897$16,285$10,824$7,047$4,515$2,375
35 years$22,960$15,446$10,119$6,488$4,090$2,101
36 years$22,076$14,660$9,466$5,975$3,705$1,860
37 years$21,243$13,924$8,860$5,505$3,358$1,646
38 years$20,455$13,233$8,297$5,074$3,045$1,457
39 years$19,710$12,583$7,774$4,679$2,761$1,290
40 years$19,003$11,972$7,286$4,315$2,504$1,143
41 years$18,333$11,396$6,832$3,981$2,272$1,012
42 years$17,697$10,853$6,409$3,674$2,062$897
43 years$17,091$10,341$6,014$3,392$1,871$794
44 years$16,515$9,857$5,645$3,132$1,698$704
45 years$15,966$9,400$5,301$2,892$1,542$623
46 years$15,442$8,967$4,978$2,672$1,400$552
47 years$14,943$8,557$4,677$2,468$1,271$490
48 years$14,465$8,169$4,395$2,281$1,154$434
49 years$14,008$7,801$4,131$2,108$1,048$384
50 years$13,571$7,452$3,884$1,948$952$341

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 $2,215 every year, while hoping to spend $45,200 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: 49/34/17 Blend
55$13,900,000$13,900,000$13,900,000$13,900,000
56$15,320,085$14,583,385$14,367,935$15,998,058
57$16,834,641$15,249,878$14,801,168$17,133,361
58$18,502,167$15,947,515$15,247,400$18,361,121
59$20,338,218$16,677,773$15,707,018$19,693,871
60$22,359,934$17,442,202$16,180,421$21,141,490
61$24,586,203$18,242,426$16,668,021$22,714,828
62$27,037,837$19,080,145$17,170,240$24,425,803
63$29,737,767$19,957,144$17,687,514$26,287,513
64$32,711,266$20,875,290$18,220,293$28,314,347
65$35,986,180$21,836,544$18,769,037$30,522,124
66$39,593,193$22,842,958$19,334,223$32,928,227
67$43,566,119$23,896,683$19,916,340$35,551,769
68$47,942,218$24,999,975$20,515,892$38,413,763
69$52,762,548$26,155,198$21,133,398$41,537,313
70$58,072,354$27,364,828$21,769,393$44,947,829
71$63,921,493$28,631,463$22,424,426$48,673,255
72$70,364,905$29,957,825$23,099,064$52,744,329
73$77,463,133$31,346,766$23,793,890$57,194,862
74$85,282,892$32,801,277$24,509,505$62,062,051
75$93,897,700$34,324,492$25,246,526$67,386,821
76$103,388,570$35,919,698$26,005,590$73,214,203
77$113,844,779$37,590,338$26,787,352$79,593,746
78$125,364,704$39,340,022$27,592,486$86,579,979
79$138,056,756$41,172,535$28,421,686$94,232,914
80$152,040,400$43,091,844$29,275,667$102,618,600
81$167,447,284$45,102,107$30,155,166$111,809,737
82$184,422,481$47,207,685$31,060,938$121,886,349
83$203,125,859$49,413,146$31,993,764$132,936,530
84$223,733,588$51,723,282$32,954,447$145,057,257
85$246,439,806$54,143,115$33,943,813$158,355,298
86$271,458,448$56,677,909$34,962,712$172,948,201
87$299,025,267$59,333,184$36,012,021$188,965,390
88$329,400,061$62,114,727$37,092,640$206,549,374
89$362,869,122$65,028,603$38,205,498$225,857,070
90$399,747,940$68,081,172$39,351,550$247,061,275
91$440,384,182$71,279,101$40,531,779$270,352,271
92$485,160,971$74,629,381$41,747,196$295,939,610
93$534,500,508$78,139,338$42,998,845$324,054,068
94$588,868,051$81,816,657$44,287,798$354,949,803
95$648,776,311$85,669,391$45,615,157$388,906,737
96$714,790,290$89,705,987$46,982,061$426,233,172
97$787,532,617$93,935,298$48,389,677$467,268,678
98$867,689,424$98,366,607$49,839,211$512,387,276
99$956,016,822$103,009,648$51,331,902$562,000,941
100$1,053,348,042$107,874,624$52,869,024$616,563,463