Can I retire at age 56 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,106,905
2 years$584,594$573,707$563,155$552,924$543,001$509,625
3 years$385,858$374,924$364,399$354,264$344,502$312,193
4 years$286,510$275,609$265,189$255,227$245,702$214,707
5 years$226,916$216,081$205,797$196,039$186,779$157,183
6 years$187,200$176,446$166,315$156,774$147,792$119,621
7 years$158,843$148,179$138,208$128,893$120,194$93,449
8 years$137,584$127,017$117,212$108,125$99,713$74,377
9 years$121,058$110,591$100,954$92,098$83,972$60,021
10 years$107,846$97,481$88,014$79,390$71,549$48,947
11 years$97,042$86,781$77,486$69,093$61,534$40,246
12 years$88,046$77,890$68,767$60,604$53,324$33,306
13 years$80,440$70,390$61,439$53,504$46,500$27,707
14 years$73,925$63,982$55,203$47,495$40,761$23,146
15 years$68,285$58,449$49,841$42,357$35,890$19,403
16 years$63,354$53,626$45,188$37,926$31,719$16,312
17 years$59,008$49,388$41,120$34,076$28,125$13,745
18 years$55,150$45,636$37,537$30,710$25,007$11,605
19 years$51,701$42,295$34,363$27,749$22,289$9,814
20 years$48,601$39,303$31,537$25,132$19,909$8,311
21 years$45,800$36,609$29,008$22,809$17,817$7,046
22 years$43,257$34,173$26,735$20,738$15,970$5,979
23 years$40,939$31,961$24,685$18,887$14,336$5,079
24 years$38,817$29,946$22,830$17,226$12,885$4,316
25 years$36,868$28,103$21,145$15,732$11,595$3,671
26 years$35,071$26,412$19,611$14,384$10,444$3,123
27 years$33,411$24,857$18,210$13,166$9,416$2,658
28 years$31,872$23,422$16,929$12,063$8,496$2,264
29 years$30,441$22,096$15,754$11,062$7,672$1,928
30 years$29,109$20,868$14,674$10,152$6,932$1,643
31 years$27,864$19,727$13,680$9,324$6,267$1,400
32 years$26,700$18,666$12,764$8,569$5,669$1,193
33 years$25,609$17,677$11,918$7,880$5,131$1,017
34 years$24,584$16,753$11,135$7,250$4,645$867
35 years$23,620$15,890$10,411$6,674$4,207$739
36 years$22,712$15,082$9,739$6,147$3,812$630
37 years$21,854$14,325$9,115$5,663$3,455$538
38 years$21,044$13,614$8,536$5,220$3,132$459
39 years$20,277$12,945$7,997$4,813$2,840$391
40 years$19,550$12,316$7,496$4,440$2,576$334
41 years$18,861$11,724$7,029$4,096$2,337$285
42 years$18,206$11,165$6,593$3,780$2,121$243
43 years$17,583$10,638$6,187$3,490$1,925$207
44 years$16,990$10,141$5,808$3,222$1,747$177
45 years$16,426$9,670$5,453$2,976$1,586$151
46 years$15,887$9,225$5,122$2,749$1,440$129
47 years$15,373$8,803$4,812$2,539$1,308$110
48 years$14,881$8,404$4,522$2,346$1,188$94
49 years$14,411$8,025$4,250$2,169$1,079$80
50 years$13,962$7,666$3,996$2,004$980$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $14,300,000, adding $3,799 every year, while hoping to spend $29,253 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: 38/36/26 Blend
55$14,300,000$14,300,000$14,300,000$14,300,000
56$15,762,519$15,004,619$14,782,969$16,239,133
57$17,339,171$15,708,720$15,247,073$17,292,260
58$19,075,661$16,446,342$15,725,745$18,426,675
59$20,988,261$17,219,096$16,219,440$19,652,146
60$23,094,904$18,028,672$16,728,632$20,976,944
61$25,415,348$18,876,841$17,253,805$22,410,146
62$27,971,368$19,765,460$17,795,462$23,961,703
63$30,786,957$20,696,477$18,354,119$25,642,540
64$33,888,555$21,671,932$18,930,310$27,464,641
65$37,305,297$22,693,967$19,524,586$29,441,165
66$41,069,291$23,764,825$20,137,513$31,586,555
67$45,215,916$24,886,859$20,769,677$33,916,674
68$49,784,160$26,062,536$21,421,682$36,448,942
69$54,816,986$27,294,442$22,094,149$39,202,493
70$60,361,738$28,585,288$22,787,722$42,198,351
71$66,470,587$29,937,919$23,503,063$45,459,615
72$73,201,025$31,355,315$24,240,854$49,011,669
73$80,616,406$32,840,603$25,001,799$52,882,414
74$88,786,546$34,397,059$25,786,626$57,102,517
75$97,788,379$36,028,120$26,596,084$61,705,696
76$107,706,686$37,737,390$27,430,944$66,729,022
77$118,634,893$39,528,647$28,292,006$72,213,259
78$130,675,954$41,405,852$29,180,089$78,203,237
79$143,943,322$43,373,160$30,096,044$84,748,263
80$158,562,022$45,434,926$31,040,742$91,902,571
81$174,669,829$47,595,718$32,015,088$99,725,825
82$192,418,568$49,860,325$33,020,010$108,283,660
83$211,975,550$52,233,769$34,056,468$117,648,294
84$233,525,148$54,721,315$35,125,452$127,899,190
85$257,270,540$57,328,486$36,227,981$139,123,791
86$283,435,625$60,061,072$37,365,109$151,418,325
87$312,267,139$62,925,145$38,537,920$164,888,702
88$344,036,981$65,927,071$39,747,534$179,651,486
89$379,044,783$69,073,528$40,995,107$195,834,983
90$417,620,736$72,371,516$42,281,828$213,580,428
91$460,128,708$75,828,377$43,608,926$233,043,297
92$506,969,678$79,451,809$44,977,667$254,394,753
93$558,585,525$83,249,887$46,389,358$277,823,235
94$615,463,193$87,231,076$47,845,346$303,536,218
95$678,139,295$91,404,255$49,347,021$331,762,138
96$747,205,173$95,778,734$50,895,817$362,752,527
97$823,312,484$100,364,275$52,493,210$396,784,358
98$907,179,351$105,171,119$54,140,727$434,162,629
99$999,597,142$110,210,001$55,839,938$475,223,209
100$1,101,437,941$115,492,181$57,592,466$520,335,981