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%12.4%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,128,863
2 years$584,594$573,707$563,155$552,924$543,001$531,480
3 years$385,858$374,924$364,399$354,264$344,502$333,256
4 years$286,510$275,609$265,189$255,227$245,702$234,817
5 years$226,916$216,081$205,797$196,039$186,779$176,288
6 years$187,200$176,446$166,315$156,774$147,792$137,707
7 years$158,843$148,179$138,208$128,893$120,194$110,520
8 years$137,584$127,017$117,212$108,125$99,713$90,449
9 years$121,058$110,591$100,954$92,098$83,972$75,116
10 years$107,846$97,481$88,014$79,390$71,549$63,094
11 years$97,042$86,781$77,486$69,093$61,534$53,475
12 years$88,046$77,890$68,767$60,604$53,324$45,651
13 years$80,440$70,390$61,439$53,504$46,500$39,205
14 years$73,925$63,982$55,203$47,495$40,761$33,834
15 years$68,285$58,449$49,841$42,357$35,890$29,320
16 years$63,354$53,626$45,188$37,926$31,719$25,496
17 years$59,008$49,388$41,120$34,076$28,125$22,236
18 years$55,150$45,636$37,537$30,710$25,007$19,443
19 years$51,701$42,295$34,363$27,749$22,289$17,037
20 years$48,601$39,303$31,537$25,132$19,909$14,956
21 years$45,800$36,609$29,008$22,809$17,817$13,151
22 years$43,257$34,173$26,735$20,738$15,970$11,580
23 years$40,939$31,961$24,685$18,887$14,336$10,210
24 years$38,817$29,946$22,830$17,226$12,885$9,011
25 years$36,868$28,103$21,145$15,732$11,595$7,960
26 years$35,071$26,412$19,611$14,384$10,444$7,038
27 years$33,411$24,857$18,210$13,166$9,416$6,227
28 years$31,872$23,422$16,929$12,063$8,496$5,513
29 years$30,441$22,096$15,754$11,062$7,672$4,884
30 years$29,109$20,868$14,674$10,152$6,932$4,328
31 years$27,864$19,727$13,680$9,324$6,267$3,838
32 years$26,700$18,666$12,764$8,569$5,669$3,404
33 years$25,609$17,677$11,918$7,880$5,131$3,020
34 years$24,584$16,753$11,135$7,250$4,645$2,681
35 years$23,620$15,890$10,411$6,674$4,207$2,380
36 years$22,712$15,082$9,739$6,147$3,812$2,113
37 years$21,854$14,325$9,115$5,663$3,455$1,877
38 years$21,044$13,614$8,536$5,220$3,132$1,668
39 years$20,277$12,945$7,997$4,813$2,840$1,482
40 years$19,550$12,316$7,496$4,440$2,576$1,317
41 years$18,861$11,724$7,029$4,096$2,337$1,170
42 years$18,206$11,165$6,593$3,780$2,121$1,040
43 years$17,583$10,638$6,187$3,490$1,925$925
44 years$16,990$10,141$5,808$3,222$1,747$822
45 years$16,426$9,670$5,453$2,976$1,586$731
46 years$15,887$9,225$5,122$2,749$1,440$650
47 years$15,373$8,803$4,812$2,539$1,308$578
48 years$14,881$8,404$4,522$2,346$1,188$514
49 years$14,411$8,025$4,250$2,169$1,079$457
50 years$13,962$7,666$3,996$2,004$980$406

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 $4,969 every year, while hoping to spend $52,473 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: 48/28/24 Blend
55$14,300,000$14,300,000$14,300,000$14,300,000
56$15,763,726$15,005,826$14,784,176$16,412,596
57$17,315,795$15,685,280$15,223,615$17,546,457
58$19,024,416$16,396,269$15,676,016$18,771,419
59$20,905,503$17,140,283$16,141,759$20,100,622
60$22,976,590$17,918,882$16,621,233$21,543,895
61$25,256,997$18,733,702$17,114,839$23,112,039
62$27,768,014$19,586,458$17,622,991$24,816,920
63$30,533,102$20,478,944$18,146,111$26,671,583
64$33,578,111$21,413,045$18,684,638$28,690,360
65$36,931,525$22,390,731$19,239,020$30,889,012
66$40,624,733$23,414,070$19,809,720$33,284,862
67$44,692,324$24,485,227$20,397,214$35,896,962
68$49,172,411$25,606,473$21,001,991$38,746,260
69$54,106,994$26,780,187$21,624,554$41,855,795
70$59,542,352$28,008,861$22,265,421$45,250,909
71$65,529,484$29,295,107$22,925,125$48,959,478
72$72,124,589$30,641,665$23,604,215$53,012,169
73$79,389,595$32,051,404$24,303,253$57,442,723
74$87,392,742$33,527,332$25,022,821$62,288,263
75$96,209,231$35,072,600$25,763,514$67,589,641
76$105,921,928$36,690,513$26,525,948$73,391,814
77$116,622,150$38,384,533$27,310,752$79,744,258
78$128,410,524$40,158,291$28,118,577$86,701,429
79$141,397,939$42,015,589$28,950,092$94,323,265
80$155,706,592$43,960,415$29,805,982$102,675,745
81$171,471,138$45,996,949$30,686,956$111,831,501
82$188,839,965$48,129,571$31,593,741$121,870,490
83$207,976,594$50,362,872$32,527,084$132,880,743
84$229,061,220$52,701,667$33,487,754$144,959,181
85$252,292,416$55,150,999$34,476,545$158,212,519
86$277,889,001$57,716,158$35,494,269$172,758,260
87$306,092,116$60,402,686$36,541,763$188,725,793
88$337,167,489$63,216,395$37,619,889$206,257,599
89$371,407,951$66,163,376$38,729,533$225,510,582
90$409,136,194$69,250,014$39,871,606$246,657,536
91$450,707,825$72,483,003$41,047,043$269,888,761
92$496,514,714$75,869,361$42,256,810$295,413,842
93$546,988,698$79,416,443$43,501,896$323,463,609
94$602,605,657$83,131,961$44,783,322$354,292,302
95$663,890,006$87,023,999$46,102,135$388,179,951
96$731,419,643$91,101,031$47,459,413$425,434,997
97$805,831,409$95,371,944$48,856,265$466,397,189
98$887,827,093$99,846,050$50,293,831$511,440,765
99$978,180,066$104,533,115$51,773,283$560,977,964
100$1,077,742,571$109,443,376$53,295,827$615,462,899