Can I retire at age 56 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,111,284
2 years$580,506$569,695$559,217$549,058$539,204$518,081
3 years$383,160$372,302$361,850$351,787$342,093$321,550
4 years$284,506$273,681$263,334$253,443$243,984$224,178
5 years$225,329$214,569$204,358$194,668$185,472$166,461
6 years$185,891$175,212$165,152$155,678$146,758$128,562
7 years$157,732$147,143$137,242$127,991$119,354$101,978
8 years$136,622$126,129$116,392$107,369$99,015$82,455
9 years$120,212$109,818$100,248$91,454$83,385$67,631
10 years$107,092$96,799$87,399$78,834$71,048$56,085
11 years$96,364$86,174$76,945$68,610$61,104$46,915
12 years$87,430$77,345$68,286$60,180$52,951$39,517
13 years$79,877$69,898$61,009$53,130$46,175$33,473
14 years$73,408$63,535$54,817$47,163$40,476$28,485
15 years$67,807$58,040$49,493$42,061$35,639$24,333
16 years$62,911$53,251$44,872$37,661$31,498$20,852
17 years$58,596$49,042$40,832$33,838$27,928$17,918
18 years$54,764$45,317$37,274$30,495$24,832$15,432
19 years$51,339$41,999$34,123$27,555$22,133$13,316
20 years$48,261$39,028$31,316$24,956$19,770$11,509
21 years$45,480$36,353$28,805$22,649$17,692$9,962
22 years$42,955$33,934$26,548$20,593$15,858$8,633
23 years$40,653$31,738$24,513$18,755$14,235$7,489
24 years$38,545$29,736$22,670$17,105$12,795$6,502
25 years$36,610$27,906$20,997$15,622$11,514$5,650
26 years$34,826$26,227$19,474$14,284$10,371$4,912
27 years$33,177$24,683$18,083$13,074$9,350$4,274
28 years$31,649$23,259$16,810$11,979$8,437$3,720
29 years$30,228$21,942$15,644$10,985$7,618$3,240
30 years$28,905$20,722$14,571$10,081$6,884$2,822
31 years$27,670$19,589$13,584$9,259$6,224$2,459
32 years$26,514$18,535$12,675$8,509$5,630$2,144
33 years$25,430$17,553$11,834$7,825$5,095$1,869
34 years$24,412$16,636$11,057$7,200$4,613$1,630
35 years$23,455$15,779$10,338$6,628$4,178$1,422
36 years$22,553$14,977$9,671$6,104$3,785$1,240
37 years$21,701$14,225$9,052$5,624$3,431$1,082
38 years$20,897$13,518$8,476$5,184$3,110$944
39 years$20,135$12,855$7,942$4,780$2,821$824
40 years$19,414$12,230$7,444$4,408$2,558$719
41 years$18,729$11,642$6,980$4,067$2,321$628
42 years$18,079$11,087$6,547$3,754$2,106$548
43 years$17,460$10,564$6,144$3,465$1,911$478
44 years$16,872$10,070$5,767$3,199$1,735$418
45 years$16,311$9,602$5,415$2,955$1,575$365
46 years$15,776$9,160$5,086$2,729$1,430$318
47 years$15,265$8,742$4,778$2,522$1,299$278
48 years$14,777$8,345$4,490$2,330$1,179$243
49 years$14,311$7,969$4,220$2,153$1,071$212
50 years$13,864$7,612$3,968$1,990$973$185

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $14,200,000, adding $3,692 every year, while hoping to spend $47,190 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: 54/30/16 Blend
55$14,200,000$14,200,000$14,200,000$14,200,000
56$15,652,208$14,899,608$14,679,508$16,430,340
57$17,198,524$15,579,479$15,121,062$17,641,551
58$18,900,982$16,291,082$15,575,826$18,953,910
59$20,775,459$17,035,923$16,044,194$20,381,347
60$22,839,450$17,815,577$16,526,568$21,934,836
61$25,112,233$18,631,699$17,023,367$23,626,438
62$27,615,048$19,486,020$17,535,018$25,469,410
63$30,371,304$20,380,356$18,061,962$27,478,324
64$33,406,794$21,316,610$18,604,654$29,669,205
65$36,749,937$22,296,775$19,163,561$32,059,669
66$40,432,055$23,322,940$19,739,164$34,669,092
67$44,487,658$24,397,298$20,331,959$37,518,782
68$48,954,775$25,522,142$20,942,456$40,632,177
69$53,875,314$26,699,878$21,571,180$44,035,058
70$59,295,453$27,933,029$22,218,671$47,755,788
71$65,266,079$29,224,238$22,885,487$51,825,574
72$71,843,268$30,576,274$23,572,199$56,278,752
73$79,088,811$31,992,041$24,279,398$61,153,103
74$87,070,802$33,474,583$25,007,690$66,490,208
75$95,864,276$35,027,091$25,757,700$72,335,825
76$105,551,921$36,652,906$26,530,071$78,740,320
77$116,224,854$38,355,536$27,325,466$85,759,128
78$127,983,486$40,138,654$28,144,566$93,453,269
79$140,938,464$42,006,111$28,988,071$101,889,916
80$155,211,721$43,961,944$29,856,706$111,143,019
81$170,937,623$46,010,385$30,751,211$121,293,991
82$188,264,237$48,155,871$31,672,354$132,432,467
83$207,354,732$50,403,051$32,620,920$144,657,139
84$228,388,915$52,756,801$33,597,721$158,076,676
85$251,564,930$55,222,230$34,603,591$172,810,735
86$277,101,130$57,804,696$35,639,388$188,991,081
87$305,238,134$60,509,816$36,705,996$206,762,818
88$336,241,103$63,343,475$37,804,326$226,285,738
89$370,402,237$66,311,848$38,935,313$247,735,824
90$408,043,541$69,421,404$40,099,922$271,306,888
91$449,519,856$72,678,927$41,299,143$297,212,390
92$495,222,215$76,091,528$42,533,998$325,687,433
93$545,581,532$79,666,664$43,805,538$356,990,964
94$601,072,669$83,412,151$45,114,844$391,408,204
95$662,218,919$87,336,184$46,463,030$429,253,318
96$729,596,948$91,447,356$47,851,239$470,872,362
97$803,842,233$95,754,673$49,280,653$516,646,525
98$885,655,069$100,267,580$50,752,483$566,995,712
99$975,807,174$104,995,979$52,267,979$622,382,480
100$1,075,148,974$109,950,251$53,828,425$683,316,381