Can I retire at age 56 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,105,337
2 years$588,682$577,719$567,093$556,791$546,798$504,030
3 years$388,557$377,546$366,947$356,741$346,911$305,659
4 years$288,513$277,536$267,043$257,012$247,420$207,998
5 years$228,503$217,592$207,237$197,410$188,085$150,595
6 years$188,509$177,680$167,478$157,870$148,825$113,293
7 years$159,953$149,215$139,175$129,794$121,035$87,452
8 years$138,546$127,905$118,031$108,881$100,410$68,745
9 years$121,905$111,364$101,660$92,742$84,560$54,768
10 years$108,600$98,162$88,630$79,945$72,049$44,078
11 years$97,721$87,388$78,028$69,576$61,965$35,752
12 years$88,662$78,435$69,248$61,027$53,697$29,177
13 years$81,002$70,882$61,869$53,878$46,825$23,927
14 years$74,442$64,430$55,589$47,827$41,047$19,699
15 years$68,762$58,858$50,190$42,653$36,141$16,269
16 years$63,797$54,001$45,504$38,191$31,941$13,471
17 years$59,421$49,733$41,407$34,315$28,321$11,177
18 years$55,535$45,955$37,799$30,924$25,182$9,290
19 years$52,063$42,591$34,603$27,943$22,445$7,733
20 years$48,941$39,578$31,757$25,308$20,048$6,444
21 years$46,120$36,865$29,211$22,968$17,941$5,375
22 years$43,560$34,412$26,922$20,883$16,082$4,487
23 years$41,225$32,185$24,858$19,019$14,436$3,749
24 years$39,088$30,155$22,989$17,346$12,975$3,133
25 years$37,125$28,299$21,293$15,842$11,676$2,620
26 years$35,316$26,597$19,748$14,485$10,517$2,192
27 years$33,644$25,031$18,338$13,258$9,482$1,834
28 years$32,094$23,586$17,047$12,147$8,556$1,535
29 years$30,654$22,251$15,864$11,139$7,726$1,286
30 years$29,312$21,014$14,777$10,223$6,981$1,077
31 years$28,059$19,865$13,776$9,389$6,311$902
32 years$26,887$18,796$12,853$8,629$5,709$755
33 years$25,788$17,800$12,001$7,935$5,167$633
34 years$24,756$16,871$11,213$7,301$4,678$530
35 years$23,785$16,002$10,483$6,721$4,237$444
36 years$22,871$15,188$9,807$6,190$3,839$372
37 years$22,007$14,425$9,179$5,703$3,479$312
38 years$21,191$13,709$8,596$5,257$3,154$261
39 years$20,419$13,036$8,053$4,847$2,860$219
40 years$19,687$12,402$7,548$4,471$2,594$184
41 years$18,993$11,806$7,078$4,125$2,354$154
42 years$18,333$11,244$6,639$3,807$2,136$129
43 years$17,706$10,713$6,230$3,514$1,938$108
44 years$17,109$10,212$5,848$3,245$1,759$91
45 years$16,540$9,738$5,491$2,996$1,597$76
46 years$15,998$9,289$5,157$2,768$1,450$64
47 years$15,480$8,865$4,845$2,557$1,317$53
48 years$14,985$8,463$4,553$2,363$1,196$45
49 years$14,512$8,081$4,280$2,184$1,086$37
50 years$14,059$7,720$4,024$2,018$987$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $14,400,000, adding $6,182 every year, while hoping to spend $55,674 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: 54/26/20 Blend
55$14,400,000$14,400,000$14,400,000$14,400,000
56$15,875,177$15,111,977$14,888,777$16,645,676
57$17,435,208$15,793,227$15,328,314$17,855,565
58$19,152,497$16,505,992$15,780,710$19,165,538
59$21,043,024$17,251,759$16,246,336$20,590,342
60$23,124,400$18,032,082$16,725,576$22,140,959
61$25,416,028$18,848,593$17,218,822$23,829,463
62$27,939,289$19,703,001$17,726,479$25,669,127
63$30,717,745$20,597,096$18,248,964$27,674,546
64$33,777,355$21,532,755$18,786,705$29,861,769
65$37,146,728$22,511,941$19,340,142$32,248,446
66$40,857,384$23,536,717$19,909,727$34,853,993
67$44,944,061$24,609,240$20,495,927$37,699,764
68$49,445,035$25,731,772$21,099,220$40,809,253
69$54,402,483$26,906,684$21,720,098$44,208,308
70$59,862,884$28,136,459$22,359,069$47,925,369
71$65,877,453$29,423,700$23,016,653$51,991,732
72$72,502,628$30,771,136$23,693,385$56,441,835
73$79,800,599$32,181,625$24,389,817$61,313,583
74$87,839,899$33,658,163$25,106,514$66,648,690
75$96,696,045$35,203,890$25,844,059$72,493,073
76$106,452,258$36,822,097$26,603,051$78,897,276
77$117,200,240$38,516,232$27,384,106$85,916,939
78$129,041,048$40,289,910$28,187,856$93,613,313
79$142,086,038$42,146,919$29,014,953$102,053,834
80$156,457,926$44,091,230$29,866,066$111,312,749
81$172,291,938$46,127,004$30,741,883$121,471,805
82$189,737,092$48,258,603$31,643,112$132,621,017
83$208,957,600$50,490,599$32,570,481$144,859,500
84$230,134,421$52,827,784$33,524,737$158,296,402
85$253,466,966$55,275,180$34,506,650$173,051,919
86$279,174,984$57,838,051$35,517,010$189,258,416
87$307,500,633$60,521,916$36,556,631$207,061,672
88$338,710,767$63,332,559$37,626,347$226,622,237
89$373,099,454$66,276,044$38,727,019$248,116,935
90$410,990,753$69,358,725$39,859,529$271,740,525
91$452,741,773$72,587,265$41,024,786$297,707,519
92$498,746,040$75,968,647$42,223,723$326,254,196
93$549,437,217$79,510,193$43,457,299$357,640,815
94$605,293,196$83,219,574$44,726,501$392,154,056
95$666,840,606$87,104,838$46,032,342$430,109,711
96$734,659,788$91,174,415$47,375,866$471,855,645
97$809,390,272$95,437,147$48,758,143$517,775,062
98$891,736,814$99,902,301$50,180,275$568,290,103
99$982,476,048$104,579,593$51,643,394$623,865,814
100$1,082,463,820$109,479,208$53,148,662$685,014,509