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%14.8%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,133,368
2 years$592,771$581,731$571,031$560,658$550,595$527,639
3 years$391,255$380,167$369,495$359,219$349,320$327,005
4 years$290,517$279,463$268,898$258,797$249,138$227,636
5 years$230,090$219,103$208,676$198,781$189,391$168,763
6 years$189,818$178,914$168,641$158,967$149,859$130,128
7 years$161,064$150,252$140,141$130,695$121,875$103,046
8 years$139,508$128,793$118,851$109,637$101,107$83,174
9 years$122,752$112,138$102,366$93,386$85,147$68,098
10 years$109,354$98,844$89,245$80,500$72,549$56,369
11 years$98,400$87,995$78,570$70,059$62,395$47,063
12 years$89,277$78,980$69,729$61,451$54,070$39,564
13 years$81,565$71,374$62,298$54,252$47,150$33,447
14 years$74,959$64,877$55,975$48,159$41,332$28,404
15 years$69,240$59,267$50,538$42,949$36,392$24,214
16 years$64,240$54,376$45,820$38,457$32,163$20,707
17 years$59,834$50,078$41,695$34,553$28,518$17,755
18 years$55,921$46,275$38,062$31,139$25,357$15,258
19 years$52,424$42,887$34,844$28,137$22,601$13,137
20 years$49,281$39,852$31,978$25,483$20,188$11,329
21 years$46,441$37,121$29,413$23,128$18,066$9,783
22 years$43,862$34,651$27,109$21,028$16,193$8,458
23 years$41,511$32,408$25,030$19,151$14,536$7,320
24 years$39,360$30,365$23,149$17,467$13,065$6,341
25 years$37,383$28,496$21,441$15,952$11,757$5,497
26 years$35,562$26,781$19,885$14,585$10,590$4,768
27 years$33,878$25,204$18,465$13,350$9,548$4,138
28 years$32,317$23,750$17,166$12,232$8,615$3,593
29 years$30,867$22,405$15,974$11,217$7,779$3,121
30 years$29,516$21,160$14,879$10,294$7,029$2,712
31 years$28,254$20,003$13,871$9,454$6,355$2,358
32 years$27,074$18,927$12,942$8,689$5,749$2,050
33 years$25,967$17,924$12,084$7,990$5,202$1,783
34 years$24,928$16,988$11,291$7,352$4,710$1,551
35 years$23,951$16,113$10,556$6,768$4,266$1,349
36 years$23,029$15,293$9,875$6,233$3,865$1,174
37 years$22,160$14,525$9,243$5,743$3,503$1,022
38 years$21,338$13,804$8,656$5,293$3,176$889
39 years$20,561$13,126$8,109$4,881$2,880$774
40 years$19,824$12,489$7,601$4,502$2,612$674
41 years$19,125$11,888$7,127$4,153$2,370$587
42 years$18,461$11,322$6,686$3,833$2,151$511
43 years$17,829$10,787$6,273$3,538$1,952$445
44 years$17,228$10,282$5,889$3,267$1,772$387
45 years$16,655$9,805$5,529$3,017$1,608$337
46 years$16,109$9,354$5,193$2,787$1,460$294
47 years$15,588$8,926$4,879$2,575$1,326$256
48 years$15,089$8,521$4,585$2,379$1,204$223
49 years$14,613$8,138$4,310$2,199$1,094$194
50 years$14,157$7,773$4,052$2,032$993$169

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 $4,358 every year, while hoping to spend $59,739 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: 37/49/14 Blend
55$14,500,000$14,500,000$14,500,000$14,500,000
56$15,983,495$15,214,995$14,990,245$16,506,410
57$17,550,250$15,896,968$15,428,857$17,563,764
58$19,274,811$16,610,356$15,880,159$18,699,057
59$21,173,213$17,356,634$16,344,515$19,924,030
60$23,263,121$18,137,349$16,822,297$21,246,737
61$25,564,002$18,954,122$17,313,887$22,676,002
62$28,097,307$19,808,651$17,819,678$24,221,501
63$30,886,670$20,702,713$18,340,076$25,893,845
64$33,958,137$21,638,172$18,875,495$27,704,670
65$37,340,406$22,616,981$19,426,363$29,666,745
66$41,065,101$23,641,186$19,993,119$31,794,078
67$45,167,067$24,712,931$20,576,215$34,102,044
68$49,684,703$25,834,460$21,176,114$36,607,524
69$54,660,323$27,008,128$21,793,293$39,329,047
70$60,140,550$28,236,401$22,428,243$42,286,963
71$66,176,765$29,521,863$23,081,467$45,503,623
72$72,825,582$30,867,221$23,753,484$49,003,579
73$80,149,390$32,275,314$24,444,824$52,813,805
74$88,216,939$33,749,115$25,156,037$56,963,939
75$97,103,985$35,291,740$25,887,682$61,486,555
76$106,894,010$36,906,455$26,640,339$66,417,454
77$117,679,009$38,596,681$27,414,600$71,795,990
78$129,560,355$40,366,005$28,211,076$77,665,430
79$142,649,758$42,218,186$29,030,394$84,073,345
80$157,070,319$44,157,163$29,873,197$91,072,046
81$172,957,691$46,187,063$30,740,149$98,719,063
82$190,461,360$48,312,214$31,631,928$107,077,669
83$209,746,056$50,537,150$32,549,235$116,217,464
84$230,993,306$52,866,623$33,492,787$126,215,011
85$254,403,151$55,305,614$34,463,323$137,154,541
86$280,196,028$57,859,345$35,461,600$149,128,730
87$308,614,857$60,533,287$36,488,398$162,239,551
88$339,927,329$63,333,175$37,544,516$176,599,216
89$374,428,437$66,265,022$38,630,778$192,331,215
90$412,443,257$69,335,127$39,748,028$209,571,456
91$454,330,017$72,550,095$40,897,134$228,469,524
92$500,483,478$75,916,850$42,078,988$249,190,066
93$551,338,665$79,442,647$43,294,506$271,914,322
94$607,374,965$83,135,094$44,544,629$296,841,804
95$669,120,661$87,002,162$45,830,323$324,192,152
96$737,157,911$91,052,211$47,152,582$354,207,176
97$812,128,249$95,294,001$48,512,424$387,153,106
98$894,738,639$99,736,715$49,910,899$423,323,071
99$985,768,148$104,389,982$51,349,082$463,039,834
100$1,086,075,302$109,263,894$52,828,079$506,658,797