Can I retire at age 56 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,079,348
2 years$572,330$561,671$551,341$541,325$531,609$494,660
3 years$377,763$367,058$356,754$346,832$337,275$301,568
4 years$280,499$269,827$259,625$249,873$240,547$206,356
5 years$222,156$211,547$201,480$191,926$182,860$150,275
6 years$183,273$172,744$162,826$153,485$144,691$113,739
7 years$155,510$145,070$135,309$126,189$117,673$88,349
8 years$134,698$124,352$114,753$105,856$97,621$69,905
9 years$118,519$108,271$98,837$90,166$82,211$56,069
10 years$105,583$95,436$86,168$77,724$70,048$45,439
11 years$95,006$84,961$75,861$67,643$60,243$37,120
12 years$86,199$76,256$67,325$59,332$52,206$30,517
13 years$78,752$68,913$60,150$52,381$45,524$25,215
14 years$72,375$62,640$54,045$46,498$39,906$20,919
15 years$66,852$57,223$48,795$41,468$35,137$17,412
16 years$62,025$52,501$44,240$37,130$31,054$14,533
17 years$57,770$48,351$40,257$33,361$27,535$12,157
18 years$53,993$44,679$36,749$30,065$24,482$10,188
19 years$50,616$41,408$33,642$27,167$21,822$8,551
20 years$47,582$38,478$30,875$24,605$19,492$7,186
21 years$44,839$35,841$28,399$22,330$17,443$6,045
22 years$42,350$33,456$26,174$20,303$15,635$5,090
23 years$40,080$31,291$24,167$18,491$14,035$4,290
24 years$38,003$29,318$22,351$16,865$12,615$3,617
25 years$36,094$27,513$20,701$15,402$11,351$3,051
26 years$34,335$25,858$19,199$14,082$10,225$2,575
27 years$32,710$24,335$17,828$12,890$9,219$2,174
28 years$31,203$22,931$16,574$11,810$8,318$1,836
29 years$29,803$21,633$15,423$10,830$7,511$1,551
30 years$28,498$20,430$14,366$9,939$6,787$1,311
31 years$27,280$19,313$13,393$9,128$6,136$1,108
32 years$26,140$18,274$12,496$8,389$5,550$937
33 years$25,072$17,306$11,668$7,715$5,023$792
34 years$24,069$16,402$10,902$7,098$4,548$669
35 years$23,125$15,557$10,192$6,534$4,119$566
36 years$22,235$14,766$9,535$6,018$3,732$479
37 years$21,396$14,024$8,924$5,545$3,383$405
38 years$20,602$13,328$8,357$5,111$3,067$342
39 years$19,852$12,674$7,830$4,712$2,781$290
40 years$19,140$12,058$7,339$4,346$2,522$245
41 years$18,465$11,478$6,881$4,010$2,288$207
42 years$17,824$10,931$6,455$3,701$2,076$175
43 years$17,214$10,415$6,057$3,416$1,885$148
44 years$16,634$9,928$5,686$3,154$1,711$125
45 years$16,081$9,467$5,339$2,913$1,553$106
46 years$15,554$9,031$5,014$2,691$1,410$90
47 years$15,050$8,619$4,711$2,486$1,280$76
48 years$14,569$8,228$4,427$2,297$1,163$64
49 years$14,109$7,857$4,161$2,123$1,056$54
50 years$13,669$7,505$3,912$1,962$959$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $14,000,000, adding $2,763 every year, while hoping to spend $49,441 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: 75/17/8 Blend
55$14,000,000$14,000,000$14,000,000$14,000,000
56$15,430,850$14,688,850$14,471,850$16,569,343
57$16,952,192$15,355,999$14,904,052$17,986,292
58$18,627,054$16,054,181$15,349,076$19,532,012
59$20,471,042$16,784,865$15,807,299$21,224,407
60$22,501,354$17,549,589$16,279,109$23,077,996
61$24,736,939$18,349,966$16,764,907$25,108,764
62$27,198,678$19,187,685$17,265,102$27,334,302
63$29,909,580$20,064,518$17,780,119$29,773,978
64$32,894,997$20,982,320$18,310,393$32,449,115
65$36,182,868$21,943,035$18,856,373$35,383,187
66$39,803,978$22,948,701$19,418,519$38,602,039
67$43,792,251$24,001,455$19,997,307$42,134,130
68$48,185,069$25,103,534$20,593,224$46,010,795
69$53,023,622$26,257,284$21,206,774$50,266,540
70$58,353,304$27,465,163$21,838,474$54,939,363
71$64,224,134$28,729,749$22,488,855$60,071,108
72$70,691,231$30,053,741$23,158,467$65,707,858
73$77,815,332$31,439,971$23,847,871$71,900,365
74$85,663,370$32,891,404$24,557,649$78,704,525
75$94,309,101$34,411,149$25,288,397$86,181,902
76$103,833,800$36,002,467$26,040,730$94,400,302
77$114,327,032$37,668,771$26,815,278$103,434,411
78$125,887,492$39,413,644$27,612,693$113,366,494
79$138,623,941$41,240,837$28,433,642$124,287,166
80$152,656,229$43,154,284$29,278,815$136,296,243
81$168,116,428$45,158,108$30,148,920$149,503,677
82$185,150,080$47,256,632$31,044,685$164,030,587
83$203,917,566$49,454,385$31,966,860$180,010,400
84$224,595,625$51,756,116$32,916,217$197,590,101
85$247,379,017$54,166,805$33,893,549$216,931,613
86$272,482,367$56,691,668$34,899,672$238,213,322
87$300,142,184$59,336,176$35,935,427$261,631,749
88$330,619,102$62,106,063$37,001,679$287,403,401
89$364,200,331$65,007,341$38,099,316$315,766,804
90$401,202,375$68,046,311$39,229,253$346,984,747
91$441,974,017$71,229,579$40,392,432$381,346,756
92$486,899,609$74,564,071$41,589,822$419,171,814
93$536,402,705$78,057,047$42,822,417$460,811,366
94$590,950,056$81,716,117$44,091,243$506,652,623
95$651,056,017$85,549,262$45,397,355$557,122,211
96$717,287,401$89,564,846$46,741,836$612,690,181
97$790,268,832$93,771,639$48,125,803$673,874,444
98$870,688,639$98,178,836$49,550,404$741,245,637
99$959,305,357$102,796,076$51,016,819$815,432,507
100$1,056,954,884$107,633,464$52,526,263$897,127,827