Can I retire at age 56 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,108,467
2 years$576,418$565,683$555,279$545,191$535,407$519,432
3 years$380,462$369,680$359,302$349,309$339,684$324,117
4 years$282,503$271,754$261,480$251,658$242,265$227,227
5 years$223,742$213,058$202,919$193,297$184,166$169,700
6 years$184,582$173,978$163,989$154,581$145,725$131,848
7 years$156,621$146,107$136,275$127,090$118,513$105,230
8 years$135,660$125,240$115,572$106,613$98,318$85,627
9 years$119,365$109,044$99,543$90,810$82,798$70,693
10 years$106,337$96,117$86,783$78,279$70,548$59,020
11 years$95,685$85,567$76,403$68,126$60,674$49,712
12 years$86,815$76,801$67,805$59,756$52,579$42,170
13 years$79,315$69,405$60,580$52,756$45,849$35,980
14 years$72,892$63,088$54,431$46,831$40,191$30,845
15 years$67,330$57,632$49,144$41,765$35,388$26,549
16 years$62,468$52,876$44,556$37,396$31,276$22,928
17 years$58,183$48,697$40,544$33,600$27,731$19,856
18 years$54,378$44,998$37,012$30,280$24,657$17,238
19 years$50,978$41,704$33,883$27,361$21,978$14,995
20 years$47,921$38,753$31,096$24,780$19,631$13,067
21 years$45,160$36,097$28,602$22,490$17,567$11,405
22 years$42,652$33,695$26,361$20,448$15,747$9,967
23 years$40,366$31,514$24,340$18,623$14,135$8,720
24 years$38,274$29,527$22,510$16,985$12,705$7,636
25 years$36,352$27,710$20,849$15,512$11,433$6,693
26 years$34,581$26,043$19,336$14,183$10,298$5,871
27 years$32,943$24,509$17,956$12,982$9,285$5,153
28 years$31,426$23,095$16,692$11,894$8,378$4,526
29 years$30,015$21,787$15,533$10,907$7,565$3,977
30 years$28,702$20,576$14,469$10,010$6,835$3,496
31 years$27,475$19,451$13,489$9,194$6,180$3,074
32 years$26,327$18,405$12,585$8,449$5,590$2,704
33 years$25,251$17,429$11,751$7,770$5,059$2,380
34 years$24,241$16,519$10,979$7,149$4,580$2,094
35 years$23,290$15,668$10,265$6,581$4,149$1,844
36 years$22,394$14,871$9,603$6,061$3,759$1,624
37 years$21,549$14,124$8,988$5,584$3,407$1,430
38 years$20,750$13,423$8,417$5,147$3,089$1,260
39 years$19,993$12,764$7,886$4,746$2,801$1,110
40 years$19,277$12,144$7,391$4,377$2,540$978
41 years$18,597$11,560$6,931$4,039$2,305$861
42 years$17,951$11,009$6,501$3,727$2,091$759
43 years$17,337$10,490$6,100$3,441$1,898$669
44 years$16,753$9,999$5,726$3,177$1,723$590
45 years$16,196$9,535$5,377$2,934$1,564$520
46 years$15,665$9,096$5,050$2,710$1,420$458
47 years$15,158$8,680$4,744$2,504$1,289$404
48 years$14,673$8,286$4,458$2,314$1,171$356
49 years$14,210$7,913$4,191$2,138$1,064$314
50 years$13,767$7,559$3,940$1,976$966$277

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $14,100,000, adding $5,585 every year, while hoping to spend $36,530 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: 56/16/28 Blend
55$14,100,000$14,100,000$14,100,000$14,100,000
56$15,543,961$14,796,661$14,578,111$16,294,146
57$17,090,577$15,482,830$15,027,610$17,497,154
58$18,793,724$16,201,396$15,490,943$18,802,975
59$20,669,329$16,953,910$15,968,535$20,225,050
60$22,734,943$17,741,994$16,460,823$21,774,609
61$25,009,906$18,567,350$16,968,259$23,464,003
62$27,515,529$19,431,763$17,491,309$25,306,820
63$30,275,296$20,337,103$18,030,451$27,318,002
64$33,315,085$21,285,329$18,586,179$29,513,993
65$36,663,411$22,278,497$19,159,003$31,912,882
66$40,351,696$23,318,762$19,749,448$34,534,575
67$44,414,569$24,408,380$20,358,054$37,400,975
68$48,890,185$25,549,721$20,985,378$40,536,189
69$53,820,592$26,745,265$21,631,996$43,966,748
70$59,252,123$27,997,614$22,298,500$47,721,854
71$65,235,839$29,309,497$22,985,499$51,833,651
72$71,828,004$30,683,771$23,693,622$56,337,523
73$79,090,620$32,123,435$24,423,518$61,272,424
74$87,092,012$33,631,632$25,175,854$66,681,239
75$95,907,471$35,211,657$25,951,320$72,611,185
76$105,619,968$36,866,962$26,750,623$79,114,249
77$116,320,932$38,601,171$27,574,497$86,247,675
78$128,111,118$40,418,080$28,423,693$94,074,494
79$141,101,555$42,321,668$29,298,990$102,664,118
80$155,414,594$44,316,110$30,201,186$112,092,986
81$171,185,064$46,405,781$31,131,108$122,445,275
82$188,561,545$48,595,269$32,089,605$133,813,694
83$207,707,769$50,889,384$33,077,553$146,300,346
84$228,804,165$53,293,167$34,095,854$160,017,685
85$252,049,565$55,811,908$35,145,441$175,089,572
86$277,663,079$58,451,149$36,227,271$191,652,430
87$305,886,161$61,216,703$37,342,332$209,856,530
88$336,984,893$64,114,666$38,491,644$229,867,392
89$371,252,493$67,151,426$39,676,256$251,867,344
90$409,012,086$70,333,684$40,897,249$276,057,231
91$450,619,750$73,668,466$42,155,738$302,658,297
92$496,467,882$77,163,138$43,452,872$331,914,268
93$546,988,898$80,825,423$44,789,835$364,093,635
94$602,659,318$84,663,422$46,167,848$399,492,181
95$664,004,264$88,685,625$47,588,166$438,435,759
96$731,602,416$92,900,937$49,052,086$481,283,354
97$806,091,475$97,318,696$50,560,944$528,430,457
98$888,174,185$101,948,692$52,116,116$580,312,788
99$978,624,965$106,801,191$53,719,019$637,410,390
100$1,078,297,221$111,886,959$55,371,115$700,252,146