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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.7%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,084,892
2 years$576,418$565,683$555,279$545,191$535,407$496,064
3 years$380,462$369,680$359,302$349,309$339,684$301,697
4 years$282,503$271,754$261,480$251,658$242,265$205,924
5 years$223,742$213,058$202,919$193,297$184,166$149,566
6 years$184,582$173,978$163,989$154,581$145,725$112,892
7 years$156,621$146,107$136,275$127,090$118,513$87,441
8 years$135,660$125,240$115,572$106,613$98,318$68,982
9 years$119,365$109,044$99,543$90,810$82,798$55,160
10 years$106,337$96,117$86,783$78,279$70,548$44,561
11 years$95,685$85,567$76,403$68,126$60,674$36,285
12 years$86,815$76,801$67,805$59,756$52,579$29,731
13 years$79,315$69,405$60,580$52,756$45,849$24,482
14 years$72,892$63,088$54,431$46,831$40,191$20,240
15 years$67,330$57,632$49,144$41,765$35,388$16,788
16 years$62,468$52,876$44,556$37,396$31,276$13,961
17 years$58,183$48,697$40,544$33,600$27,731$11,636
18 years$54,378$44,998$37,012$30,280$24,657$9,715
19 years$50,978$41,704$33,883$27,361$21,978$8,123
20 years$47,921$38,753$31,096$24,780$19,631$6,800
21 years$45,160$36,097$28,602$22,490$17,567$5,699
22 years$42,652$33,695$26,361$20,448$15,747$4,780
23 years$40,366$31,514$24,340$18,623$14,135$4,012
24 years$38,274$29,527$22,510$16,985$12,705$3,369
25 years$36,352$27,710$20,849$15,512$11,433$2,831
26 years$34,581$26,043$19,336$14,183$10,298$2,380
27 years$32,943$24,509$17,956$12,982$9,285$2,001
28 years$31,426$23,095$16,692$11,894$8,378$1,683
29 years$30,015$21,787$15,533$10,907$7,565$1,416
30 years$28,702$20,576$14,469$10,010$6,835$1,192
31 years$27,475$19,451$13,489$9,194$6,180$1,003
32 years$26,327$18,405$12,585$8,449$5,590$845
33 years$25,251$17,429$11,751$7,770$5,059$711
34 years$24,241$16,519$10,979$7,149$4,580$599
35 years$23,290$15,668$10,265$6,581$4,149$504
36 years$22,394$14,871$9,603$6,061$3,759$425
37 years$21,549$14,124$8,988$5,584$3,407$358
38 years$20,750$13,423$8,417$5,147$3,089$301
39 years$19,993$12,764$7,886$4,746$2,801$254
40 years$19,277$12,144$7,391$4,377$2,540$214
41 years$18,597$11,560$6,931$4,039$2,305$180
42 years$17,951$11,009$6,501$3,727$2,091$152
43 years$17,337$10,490$6,100$3,441$1,898$128
44 years$16,753$9,999$5,726$3,177$1,723$108
45 years$16,196$9,535$5,377$2,934$1,564$91
46 years$15,665$9,096$5,050$2,710$1,420$76
47 years$15,158$8,680$4,744$2,504$1,289$64
48 years$14,673$8,286$4,458$2,314$1,171$54
49 years$14,210$7,913$4,191$2,138$1,064$46
50 years$13,767$7,559$3,940$1,976$966$38

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 $4,779 every year, while hoping to spend $22,578 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: 43/31/26 Blend
55$14,100,000$14,100,000$14,100,000$14,100,000
56$15,543,130$14,795,830$14,577,280$16,093,450
57$17,104,506$15,496,802$15,041,596$17,188,001
58$18,824,386$16,231,366$15,520,710$18,370,650
59$20,718,913$17,001,143$16,015,093$19,651,614
60$22,805,877$17,807,834$16,525,234$21,040,004
61$25,104,881$18,653,222$17,051,633$22,545,827
62$27,637,526$19,539,177$17,594,810$24,180,066
63$30,427,618$20,467,661$18,155,301$25,954,781
64$33,501,388$21,440,729$18,733,656$27,883,221
65$36,887,741$22,460,537$19,330,445$29,979,937
66$40,618,533$23,529,346$19,946,258$32,260,917
67$44,728,866$24,649,526$20,581,699$34,743,728
68$49,257,420$25,823,563$21,237,397$37,447,676
69$54,246,823$27,054,063$21,913,995$40,393,982
70$59,744,047$28,343,760$22,612,162$43,605,972
71$65,800,855$29,695,520$23,332,585$47,109,291
72$72,474,290$31,112,347$24,075,974$50,932,138
73$79,827,210$32,597,395$24,843,061$55,105,521
74$87,928,884$34,153,966$25,634,603$59,663,542
75$96,855,648$35,785,528$26,451,380$64,643,708
76$106,691,619$37,495,714$27,294,196$70,087,279
77$117,529,495$39,288,335$28,163,882$76,039,643
78$129,471,427$41,167,387$29,061,296$82,550,736
79$142,629,985$43,137,061$29,987,321$89,675,499
80$157,129,218$45,201,752$30,942,872$97,474,390
81$173,105,829$47,366,069$31,928,889$106,013,938
82$190,710,462$49,634,844$32,946,345$115,367,361
83$210,109,124$52,013,146$33,996,242$125,615,240
84$231,484,754$54,506,290$35,079,616$136,846,271
85$255,038,951$57,119,850$36,197,535$149,158,080
86$280,993,873$59,859,671$37,351,101$162,658,139
87$309,594,336$62,731,884$38,541,451$177,464,754
88$341,110,128$65,742,915$39,769,759$193,708,173
89$375,838,551$68,899,509$41,037,236$211,531,794
90$414,107,232$72,208,733$42,345,133$231,093,501
91$456,277,213$75,678,004$43,694,738$252,567,136
92$502,746,360$79,315,098$45,087,382$276,144,117
93$553,953,119$83,128,168$46,524,440$302,035,227
94$610,380,656$87,125,767$48,007,328$330,472,583
95$672,561,418$91,316,865$49,537,509$361,711,799
96$741,082,159$95,710,868$51,116,491$396,034,378
97$816,589,479$100,317,640$52,745,834$433,750,345
98$899,795,929$105,147,528$54,427,142$475,201,147
99$991,486,739$110,211,381$56,162,076$520,762,845
100$1,092,527,227$115,520,580$57,952,347$570,849,641