Can I retire at age 56 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,136,160
2 years$592,771$581,731$571,031$560,658$550,595$530,420
3 years$391,255$380,167$369,495$359,219$349,320$329,688
4 years$290,517$279,463$268,898$258,797$249,138$230,201
5 years$230,090$219,103$208,676$198,781$189,391$171,202
6 years$189,818$178,914$168,641$158,967$149,859$132,439
7 years$161,064$150,252$140,141$130,695$121,875$105,230
8 years$139,508$128,793$118,851$109,637$101,107$85,233
9 years$122,752$112,138$102,366$93,386$85,147$70,034
10 years$109,354$98,844$89,245$80,500$72,549$58,185
11 years$98,400$87,995$78,570$70,059$62,395$48,764
12 years$89,277$78,980$69,729$61,451$54,070$41,153
13 years$81,565$71,374$62,298$54,252$47,150$34,928
14 years$74,959$64,877$55,975$48,159$41,332$29,784
15 years$69,240$59,267$50,538$42,949$36,392$25,495
16 years$64,240$54,376$45,820$38,457$32,163$21,895
17 years$59,834$50,078$41,695$34,553$28,518$18,854
18 years$55,921$46,275$38,062$31,139$25,357$16,273
19 years$52,424$42,887$34,844$28,137$22,601$14,073
20 years$49,281$39,852$31,978$25,483$20,188$12,191
21 years$46,441$37,121$29,413$23,128$18,066$10,576
22 years$43,862$34,651$27,109$21,028$16,193$9,186
23 years$41,511$32,408$25,030$19,151$14,536$7,987
24 years$39,360$30,365$23,149$17,467$13,065$6,951
25 years$37,383$28,496$21,441$15,952$11,757$6,054
26 years$35,562$26,781$19,885$14,585$10,590$5,277
27 years$33,878$25,204$18,465$13,350$9,548$4,602
28 years$32,317$23,750$17,166$12,232$8,615$4,016
29 years$30,867$22,405$15,974$11,217$7,779$3,505
30 years$29,516$21,160$14,879$10,294$7,029$3,061
31 years$28,254$20,003$13,871$9,454$6,355$2,674
32 years$27,074$18,927$12,942$8,689$5,749$2,337
33 years$25,967$17,924$12,084$7,990$5,202$2,043
34 years$24,928$16,988$11,291$7,352$4,710$1,786
35 years$23,951$16,113$10,556$6,768$4,266$1,562
36 years$23,029$15,293$9,875$6,233$3,865$1,366
37 years$22,160$14,525$9,243$5,743$3,503$1,195
38 years$21,338$13,804$8,656$5,293$3,176$1,045
39 years$20,561$13,126$8,109$4,881$2,880$915
40 years$19,824$12,489$7,601$4,502$2,612$800
41 years$19,125$11,888$7,127$4,153$2,370$700
42 years$18,461$11,322$6,686$3,833$2,151$613
43 years$17,829$10,787$6,273$3,538$1,952$536
44 years$17,228$10,282$5,889$3,267$1,772$470
45 years$16,655$9,805$5,529$3,017$1,608$411
46 years$16,109$9,354$5,193$2,787$1,460$360
47 years$15,588$8,926$4,879$2,575$1,326$315
48 years$15,089$8,521$4,585$2,379$1,204$276
49 years$14,613$8,138$4,310$2,199$1,094$241
50 years$14,157$7,773$4,052$2,032$993$211

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $14,500,000, adding $3,063 every year, while hoping to spend $34,089 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: 39/46/15 Blend
55$14,500,000$14,500,000$14,500,000$14,500,000
56$15,982,159$15,213,659$14,988,909$16,533,455
57$17,576,069$15,922,858$15,454,768$17,635,577
58$19,331,415$16,665,665$15,935,089$18,822,963
59$21,264,628$17,443,692$16,430,323$20,106,101
60$23,393,813$18,258,625$16,940,932$21,493,659
61$25,738,921$19,112,237$17,467,392$22,995,140
62$28,321,937$20,006,382$18,010,195$24,620,965
63$31,167,086$20,943,006$18,569,848$26,382,561
64$34,301,064$21,924,149$19,146,874$28,292,469
65$37,753,288$22,951,948$19,741,809$30,364,446
66$41,556,175$24,028,645$20,355,212$32,613,591
67$45,745,446$25,156,589$20,987,652$35,056,480
68$50,360,464$26,338,245$21,639,722$37,711,311
69$55,444,607$27,576,195$22,312,028$40,598,067
70$61,045,676$28,873,147$23,005,200$43,738,696
71$67,216,343$30,231,940$23,719,882$47,157,306
72$74,014,655$31,655,550$24,456,743$50,880,384
73$81,504,575$33,147,097$25,216,470$54,937,032
74$89,756,591$34,709,854$25,999,770$59,359,233
75$98,848,376$36,347,250$26,807,376$64,182,139
76$108,865,527$38,062,882$27,640,039$69,444,390
77$119,902,368$39,860,520$28,498,537$75,188,463
78$132,062,842$41,744,118$29,383,671$81,461,064
79$145,461,493$43,717,821$30,296,265$88,313,549
80$160,224,546$45,785,975$31,237,171$95,802,397
81$176,491,099$47,953,136$32,207,265$103,989,724
82$194,414,435$50,224,084$33,207,452$112,943,855
83$214,163,470$52,603,828$34,238,665$122,739,947
84$235,924,349$55,097,619$35,301,865$133,460,687
85$259,902,197$57,710,967$36,398,042$145,197,044
86$286,323,063$60,449,647$37,528,218$158,049,115
87$315,436,049$63,319,713$38,693,447$172,127,044
88$347,515,663$66,327,515$39,894,814$187,552,043
89$382,864,408$69,479,712$41,133,439$204,457,507
90$421,815,644$72,783,284$42,410,475$222,990,255
91$464,736,726$76,245,551$43,727,112$243,311,886
92$512,032,480$79,874,190$45,084,578$265,600,280
93$564,149,017$83,677,250$46,484,135$290,051,248
94$621,577,951$87,663,170$47,927,088$316,880,350
95$684,861,037$91,840,801$49,414,781$346,324,901
96$754,595,286$96,219,422$50,948,599$378,646,176
97$831,438,598$100,808,767$52,529,970$414,131,847
98$916,115,977$105,619,039$54,160,367$453,098,658
99$1,009,426,375$110,660,940$55,841,307$495,895,382
100$1,112,250,230$115,945,691$57,574,355$542,906,071