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%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,080,211
2 years$572,330$561,671$551,341$541,325$531,609$495,510
3 years$377,763$367,058$356,754$346,832$337,275$302,377
4 years$280,499$269,827$259,625$249,873$240,547$207,118
5 years$222,156$211,547$201,480$191,926$182,860$150,990
6 years$183,273$172,744$162,826$153,485$144,691$114,405
7 years$155,510$145,070$135,309$126,189$117,673$88,968
8 years$134,698$124,352$114,753$105,856$97,621$70,478
9 years$118,519$108,271$98,837$90,166$82,211$56,597
10 years$105,583$95,436$86,168$77,724$70,048$45,925
11 years$95,006$84,961$75,861$67,643$60,243$37,566
12 years$86,199$76,256$67,325$59,332$52,206$30,924
13 years$78,752$68,913$60,150$52,381$45,524$25,586
14 years$72,375$62,640$54,045$46,498$39,906$21,256
15 years$66,852$57,223$48,795$41,468$35,137$17,718
16 years$62,025$52,501$44,240$37,130$31,054$14,810
17 years$57,770$48,351$40,257$33,361$27,535$12,407
18 years$53,993$44,679$36,749$30,065$24,482$10,413
19 years$50,616$41,408$33,642$27,167$21,822$8,753
20 years$47,582$38,478$30,875$24,605$19,492$7,367
21 years$44,839$35,841$28,399$22,330$17,443$6,207
22 years$42,350$33,456$26,174$20,303$15,635$5,235
23 years$40,080$31,291$24,167$18,491$14,035$4,418
24 years$38,003$29,318$22,351$16,865$12,615$3,731
25 years$36,094$27,513$20,701$15,402$11,351$3,153
26 years$34,335$25,858$19,199$14,082$10,225$2,665
27 years$32,710$24,335$17,828$12,890$9,219$2,254
28 years$31,203$22,931$16,574$11,810$8,318$1,907
29 years$29,803$21,633$15,423$10,830$7,511$1,614
30 years$28,498$20,430$14,366$9,939$6,787$1,366
31 years$27,280$19,313$13,393$9,128$6,136$1,156
32 years$26,140$18,274$12,496$8,389$5,550$979
33 years$25,072$17,306$11,668$7,715$5,023$829
34 years$24,069$16,402$10,902$7,098$4,548$702
35 years$23,125$15,557$10,192$6,534$4,119$595
36 years$22,235$14,766$9,535$6,018$3,732$504
37 years$21,396$14,024$8,924$5,545$3,383$427
38 years$20,602$13,328$8,357$5,111$3,067$361
39 years$19,852$12,674$7,830$4,712$2,781$306
40 years$19,140$12,058$7,339$4,346$2,522$259
41 years$18,465$11,478$6,881$4,010$2,288$220
42 years$17,824$10,931$6,455$3,701$2,076$186
43 years$17,214$10,415$6,057$3,416$1,885$158
44 years$16,634$9,928$5,686$3,154$1,711$134
45 years$16,081$9,467$5,339$2,913$1,553$113
46 years$15,554$9,031$5,014$2,691$1,410$96
47 years$15,050$8,619$4,711$2,486$1,280$81
48 years$14,569$8,228$4,427$2,297$1,163$69
49 years$14,109$7,857$4,161$2,123$1,056$58
50 years$13,669$7,505$3,912$1,962$959$50

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 $6,112 every year, while hoping to spend $44,321 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: 52/18/30 Blend
55$14,000,000$14,000,000$14,000,000$14,000,000
56$15,434,305$14,692,305$14,475,305$16,106,290
57$16,961,446$15,365,070$14,913,070$17,248,008
58$18,642,871$16,069,316$15,364,015$18,484,430
59$20,494,269$16,806,538$15,828,535$19,828,692
60$22,532,929$17,578,303$16,307,035$21,291,123
61$24,777,902$18,386,254$16,799,935$22,883,081
62$27,250,181$19,232,113$17,307,666$24,617,053
63$29,972,898$20,117,684$17,830,671$26,506,774
64$32,971,542$21,044,860$18,369,407$28,567,351
65$36,274,202$22,015,621$18,924,345$30,815,398
66$39,911,830$23,032,046$19,495,970$33,269,195
67$43,918,533$24,096,312$20,084,781$35,948,852
68$48,331,893$25,210,701$20,691,291$38,876,497
69$53,193,327$26,377,606$21,316,030$42,076,479
70$58,548,472$27,599,534$21,959,542$45,575,591
71$64,447,618$28,879,114$22,622,389$49,403,324
72$70,946,184$30,219,099$23,305,149$53,592,133
73$78,105,239$31,622,379$24,008,415$58,177,743
74$85,992,078$33,091,980$24,732,801$63,199,478
75$94,680,857$34,631,074$25,478,937$68,700,628
76$104,253,295$36,242,988$26,247,473$74,728,851
77$114,799,445$37,931,208$27,039,077$81,336,616
78$126,418,540$39,699,389$27,854,437$88,581,691
79$139,219,933$41,551,361$28,694,263$96,527,684
80$153,324,130$43,491,141$29,559,284$105,244,633
81$168,863,923$45,522,939$30,450,252$114,809,663
82$185,985,648$47,651,168$31,367,941$125,307,702
83$204,850,564$49,880,454$32,313,146$136,832,280
84$225,636,374$52,215,649$33,286,689$149,486,399
85$248,538,904$54,661,837$34,289,414$163,383,496
86$273,773,953$57,224,347$35,322,190$178,648,508
87$301,579,326$59,908,770$36,385,912$195,419,041
88$332,217,080$62,720,962$37,481,503$213,846,657
89$365,975,999$65,667,067$38,609,911$234,098,294
90$403,174,322$68,753,523$39,772,113$256,357,834
91$444,162,739$71,987,082$40,969,116$280,827,825
92$489,327,711$75,374,822$42,201,953$307,731,381
93$539,095,111$78,924,162$43,471,693$337,314,278
94$593,934,250$82,642,884$44,779,432$369,847,258
95$654,362,301$86,539,142$46,126,301$405,628,573
96$720,949,186$90,621,491$47,513,462$444,986,787
97$794,322,954$94,898,895$48,942,114$488,283,863
98$875,175,711$99,380,756$50,413,491$535,918,561
99$964,270,151$104,076,931$51,928,860$588,330,192
100$1,062,446,759$108,997,753$53,489,530$646,002,743