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

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,141,040
2 years$588,682$577,719$567,093$556,791$546,798$539,499
3 years$388,557$377,546$366,947$356,741$346,911$339,775
4 years$288,513$277,536$267,043$257,012$247,420$240,501
5 years$228,503$217,592$207,237$197,410$188,085$181,404
6 years$188,509$177,680$167,478$157,870$148,825$142,392
7 years$159,953$149,215$139,175$129,794$121,035$114,851
8 years$138,546$127,905$118,031$108,881$100,410$94,477
9 years$121,905$111,364$101,660$92,742$84,560$78,875
10 years$108,600$98,162$88,630$79,945$72,049$66,611
11 years$97,721$87,388$78,028$69,576$61,965$56,768
12 years$88,662$78,435$69,248$61,027$53,697$48,739
13 years$81,002$70,882$61,869$53,878$46,825$42,099
14 years$74,442$64,430$55,589$47,827$41,047$36,548
15 years$68,762$58,858$50,190$42,653$36,141$31,863
16 years$63,797$54,001$45,504$38,191$31,941$27,878
17 years$59,421$49,733$41,407$34,315$28,321$24,467
18 years$55,535$45,955$37,799$30,924$25,182$21,529
19 years$52,063$42,591$34,603$27,943$22,445$18,988
20 years$48,941$39,578$31,757$25,308$20,048$16,779
21 years$46,120$36,865$29,211$22,968$17,941$14,852
22 years$43,560$34,412$26,922$20,883$16,082$13,167
23 years$41,225$32,185$24,858$19,019$14,436$11,688
24 years$39,088$30,155$22,989$17,346$12,975$10,387
25 years$37,125$28,299$21,293$15,842$11,676$9,240
26 years$35,316$26,597$19,748$14,485$10,517$8,227
27 years$33,644$25,031$18,338$13,258$9,482$7,331
28 years$32,094$23,586$17,047$12,147$8,556$6,538
29 years$30,654$22,251$15,864$11,139$7,726$5,833
30 years$29,312$21,014$14,777$10,223$6,981$5,208
31 years$28,059$19,865$13,776$9,389$6,311$4,652
32 years$26,887$18,796$12,853$8,629$5,709$4,157
33 years$25,788$17,800$12,001$7,935$5,167$3,716
34 years$24,756$16,871$11,213$7,301$4,678$3,323
35 years$23,785$16,002$10,483$6,721$4,237$2,972
36 years$22,871$15,188$9,807$6,190$3,839$2,660
37 years$22,007$14,425$9,179$5,703$3,479$2,380
38 years$21,191$13,709$8,596$5,257$3,154$2,131
39 years$20,419$13,036$8,053$4,847$2,860$1,908
40 years$19,687$12,402$7,548$4,471$2,594$1,709
41 years$18,993$11,806$7,078$4,125$2,354$1,530
42 years$18,333$11,244$6,639$3,807$2,136$1,371
43 years$17,706$10,713$6,230$3,514$1,938$1,228
44 years$17,109$10,212$5,848$3,245$1,759$1,100
45 years$16,540$9,738$5,491$2,996$1,597$986
46 years$15,998$9,289$5,157$2,768$1,450$884
47 years$15,480$8,865$4,845$2,557$1,317$792
48 years$14,985$8,463$4,553$2,363$1,196$710
49 years$14,512$8,081$4,280$2,184$1,086$636
50 years$14,059$7,720$4,024$2,018$987$570

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 $5,409 every year, while hoping to spend $28,169 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: 43/29/28 Blend
55$14,400,000$14,400,000$14,400,000$14,400,000
56$15,874,379$15,111,179$14,887,979$16,427,112
57$17,463,594$15,821,656$15,356,755$17,534,364
58$19,213,965$16,566,001$15,840,291$18,730,221
59$21,141,900$17,345,845$16,339,051$20,025,426
60$23,265,480$18,162,898$16,853,515$21,429,204
61$25,604,629$19,018,950$17,384,178$22,951,686
62$28,181,302$19,915,879$17,931,548$24,603,994
63$31,019,693$20,855,656$18,496,154$26,398,343
64$34,146,463$21,840,344$19,078,536$28,348,153
65$37,590,991$22,872,109$19,679,256$30,468,165
66$41,385,650$23,953,221$20,298,889$32,774,578
67$45,566,117$25,086,059$20,938,032$35,285,194
68$50,171,703$26,273,119$21,597,299$38,019,579
69$55,245,732$27,517,016$22,277,323$40,999,239
70$60,835,942$28,820,495$22,978,759$44,247,821
71$66,994,940$30,186,432$23,702,279$47,791,323
72$73,780,699$31,617,842$24,448,580$51,658,335
73$81,257,101$33,117,887$25,218,379$55,880,298
74$89,494,546$34,689,884$26,012,415$60,491,793
75$98,570,611$36,337,310$26,831,453$65,530,862
76$108,570,785$38,063,809$27,676,277$71,039,349
77$119,589,274$39,873,205$28,547,702$77,063,294
78$131,729,894$41,769,506$29,446,564$83,653,353
79$145,107,046$43,756,915$30,373,727$90,865,264
80$159,846,800$45,839,839$31,330,082$98,760,366
81$176,088,082$48,022,899$32,316,548$107,406,163
82$193,983,987$50,310,942$33,334,073$116,876,948
83$213,703,225$52,709,050$34,383,636$127,254,494
84$235,431,710$55,222,549$35,466,244$138,628,814
85$259,374,320$57,857,030$36,582,938$151,098,991
86$285,756,826$60,618,350$37,734,792$164,774,101
87$314,828,027$63,512,653$38,922,912$179,774,231
88$346,862,097$66,546,384$40,148,441$196,231,592
89$382,161,172$69,726,299$41,412,555$214,291,749
90$421,058,206$73,059,482$42,716,470$234,114,984
91$463,920,110$76,553,364$44,061,439$255,877,784
92$511,151,219$80,215,736$45,448,755$279,774,492
93$563,197,105$84,054,769$46,879,750$306,019,118
94$620,548,788$88,079,031$48,355,800$334,847,341
95$683,747,369$92,297,507$49,878,323$366,518,711
96$753,389,136$96,719,621$51,448,783$401,319,077
97$830,131,200$101,355,254$53,068,689$439,563,259
98$914,697,689$106,214,769$54,739,597$481,597,996
99$1,007,886,594$111,309,032$56,463,114$527,805,195
100$1,110,577,293$116,649,442$58,240,895$578,605,504