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

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,117,736
2 years$584,594$573,707$563,155$552,924$543,001$520,361
3 years$385,858$374,924$364,399$354,264$344,502$322,495
4 years$286,510$275,609$265,189$255,227$245,702$224,496
5 years$226,916$216,081$205,797$196,039$186,779$166,436
6 years$187,200$176,446$166,315$156,774$147,792$128,333
7 years$158,843$148,179$138,208$128,893$120,194$101,624
8 years$137,584$127,017$117,212$108,125$99,713$82,027
9 years$121,058$110,591$100,954$92,098$83,972$67,159
10 years$107,846$97,481$88,014$79,390$71,549$55,591
11 years$97,042$86,781$77,486$69,093$61,534$46,413
12 years$88,046$77,890$68,767$60,604$53,324$39,018
13 years$80,440$70,390$61,439$53,504$46,500$32,985
14 years$73,925$63,982$55,203$47,495$40,761$28,013
15 years$68,285$58,449$49,841$42,357$35,890$23,880
16 years$63,354$53,626$45,188$37,926$31,719$20,421
17 years$59,008$49,388$41,120$34,076$28,125$17,510
18 years$55,150$45,636$37,537$30,710$25,007$15,047
19 years$51,701$42,295$34,363$27,749$22,289$12,955
20 years$48,601$39,303$31,537$25,132$19,909$11,172
21 years$45,800$36,609$29,008$22,809$17,817$9,648
22 years$43,257$34,173$26,735$20,738$15,970$8,342
23 years$40,939$31,961$24,685$18,887$14,336$7,219
24 years$38,817$29,946$22,830$17,226$12,885$6,253
25 years$36,868$28,103$21,145$15,732$11,595$5,421
26 years$35,071$26,412$19,611$14,384$10,444$4,702
27 years$33,411$24,857$18,210$13,166$9,416$4,081
28 years$31,872$23,422$16,929$12,063$8,496$3,544
29 years$30,441$22,096$15,754$11,062$7,672$3,078
30 years$29,109$20,868$14,674$10,152$6,932$2,675
31 years$27,864$19,727$13,680$9,324$6,267$2,325
32 years$26,700$18,666$12,764$8,569$5,669$2,022
33 years$25,609$17,677$11,918$7,880$5,131$1,758
34 years$24,584$16,753$11,135$7,250$4,645$1,530
35 years$23,620$15,890$10,411$6,674$4,207$1,331
36 years$22,712$15,082$9,739$6,147$3,812$1,158
37 years$21,854$14,325$9,115$5,663$3,455$1,008
38 years$21,044$13,614$8,536$5,220$3,132$877
39 years$20,277$12,945$7,997$4,813$2,840$764
40 years$19,550$12,316$7,496$4,440$2,576$665
41 years$18,861$11,724$7,029$4,096$2,337$579
42 years$18,206$11,165$6,593$3,780$2,121$504
43 years$17,583$10,638$6,187$3,490$1,925$439
44 years$16,990$10,141$5,808$3,222$1,747$382
45 years$16,426$9,670$5,453$2,976$1,586$333
46 years$15,887$9,225$5,122$2,749$1,440$290
47 years$15,373$8,803$4,812$2,539$1,308$252
48 years$14,881$8,404$4,522$2,346$1,188$220
49 years$14,411$8,025$4,250$2,169$1,079$191
50 years$13,962$7,666$3,996$2,004$980$167

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 $5,458 every year, while hoping to spend $40,420 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: 54/28/18 Blend
55$14,300,000$14,300,000$14,300,000$14,300,000
56$15,764,230$15,006,330$14,784,680$16,538,610
57$17,329,175$15,698,634$15,236,960$17,760,998
58$19,052,389$16,423,505$15,703,037$19,086,163
59$20,949,974$17,182,498$16,183,330$20,527,763
60$23,039,672$17,977,241$16,678,272$22,096,914
61$25,341,031$18,809,439$17,188,307$23,805,833
62$27,875,596$19,680,881$17,713,895$25,667,952
63$30,667,105$20,593,441$18,255,508$27,698,035
64$33,741,715$21,549,086$18,813,633$29,912,316
65$37,128,253$22,549,874$19,388,772$32,328,647
66$40,858,481$23,597,964$19,981,443$34,966,661
67$44,967,401$24,695,620$20,592,176$37,847,949
68$49,493,584$25,845,213$21,221,523$40,996,265
69$54,479,533$27,049,231$21,870,046$44,437,735
70$59,972,082$28,310,281$22,538,330$48,201,104
71$66,022,844$29,631,095$23,226,974$52,318,001
72$72,688,693$31,014,537$23,936,596$56,823,227
73$80,032,301$32,463,610$24,667,833$61,755,076
74$88,122,732$33,981,463$25,421,342$67,155,696
75$97,036,092$35,571,396$26,197,798$73,071,468
76$106,856,247$37,236,868$26,997,898$79,553,448
77$117,675,615$38,981,506$27,822,359$86,657,830
78$129,596,040$40,809,112$28,671,920$94,446,474
79$142,729,751$42,723,673$29,547,343$102,987,476
80$157,200,419$44,729,367$30,449,413$112,355,807
81$173,144,331$46,830,575$31,378,938$122,634,003
82$190,711,670$49,031,890$32,336,750$133,912,941
83$210,067,936$51,338,129$33,323,707$146,292,680
84$231,395,508$53,754,339$34,340,693$159,883,397
85$254,895,361$56,285,814$35,388,618$174,806,415
86$280,788,972$58,938,102$36,468,420$191,195,332
87$309,320,400$61,717,022$37,581,066$209,197,273
88$340,758,600$64,628,675$38,727,550$228,974,265
89$375,399,952$67,679,456$39,908,898$250,704,748
90$413,571,068$70,876,069$41,126,167$274,585,247
91$455,631,868$74,225,548$42,380,444$300,832,211
92$501,978,980$77,735,261$43,672,851$329,684,042
93$553,049,487$81,412,940$45,004,543$361,403,321
94$609,325,048$85,266,688$46,376,708$396,279,279
95$671,336,449$89,305,001$47,790,573$434,630,497
96$739,668,610$93,536,789$49,247,401$476,807,903
97$814,966,110$97,971,394$50,748,491$523,198,060
98$897,939,272$102,618,611$52,295,184$574,226,791
99$989,370,864$107,488,710$53,888,860$630,363,181
100$1,090,123,496$112,592,460$55,530,939$692,123,980