Can I retire at age 56 with 14,600,000?

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 $14,600,000?

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$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,156,887
2 years$596,859$585,743$574,970$564,524$554,393$546,992
3 years$393,953$382,789$372,043$361,696$351,729$344,494
4 years$292,520$281,391$270,752$260,582$250,856$243,842
5 years$231,677$220,614$210,115$200,152$190,697$183,924
6 years$191,127$180,148$169,804$160,063$150,892$144,369
7 years$162,175$151,288$141,108$131,597$122,716$116,447
8 years$140,471$129,682$119,671$110,393$101,804$95,789
9 years$123,598$112,911$103,072$94,030$85,734$79,971
10 years$110,108$99,526$89,861$81,055$73,050$67,536
11 years$99,078$88,602$79,112$70,542$62,825$57,557
12 years$89,893$79,524$70,210$61,875$54,443$49,416
13 years$82,127$71,867$62,728$54,626$47,475$42,684
14 years$75,476$65,325$56,361$48,491$41,617$37,055
15 years$69,718$59,675$50,887$43,246$36,643$32,305
16 years$64,684$54,751$46,136$38,722$32,385$28,266
17 years$60,246$50,424$41,982$34,791$28,715$24,807
18 years$56,307$46,594$38,324$31,354$25,532$21,828
19 years$52,786$43,183$35,084$28,331$22,757$19,251
20 years$49,621$40,127$32,198$25,659$20,327$17,012
21 years$46,761$37,377$29,616$23,287$18,190$15,059
22 years$44,165$34,890$27,296$21,173$16,305$13,350
23 years$41,798$32,632$25,203$19,283$14,636$11,850
24 years$39,631$30,574$23,309$17,587$13,155$10,531
25 years$37,641$28,692$21,588$16,062$11,838$9,369
26 years$35,807$26,966$20,022$14,686$10,663$8,342
27 years$34,112$25,378$18,592$13,442$9,614$7,433
28 years$32,540$23,914$17,284$12,316$8,675$6,628
29 years$31,080$22,560$16,084$11,294$7,833$5,914
30 years$29,719$21,305$14,982$10,365$7,078$5,280
31 years$28,449$20,141$13,967$9,520$6,399$4,716
32 years$27,261$19,057$13,032$8,749$5,788$4,214
33 years$26,146$18,047$12,168$8,045$5,238$3,767
34 years$25,100$17,105$11,369$7,402$4,743$3,369
35 years$24,116$16,224$10,629$6,814$4,296$3,014
36 years$23,188$15,399$9,943$6,276$3,892$2,697
37 years$22,313$14,625$9,307$5,782$3,528$2,413
38 years$21,485$13,899$8,715$5,330$3,198$2,160
39 years$20,702$13,217$8,165$4,914$2,900$1,934
40 years$19,961$12,575$7,653$4,533$2,630$1,732
41 years$19,257$11,970$7,176$4,182$2,386$1,552
42 years$18,588$11,400$6,732$3,859$2,165$1,390
43 years$17,952$10,862$6,317$3,563$1,965$1,245
44 years$17,347$10,353$5,929$3,290$1,784$1,116
45 years$16,770$9,873$5,567$3,038$1,619$1,000
46 years$16,220$9,418$5,229$2,806$1,470$896
47 years$15,695$8,988$4,913$2,593$1,335$803
48 years$15,193$8,580$4,617$2,396$1,213$720
49 years$14,714$8,194$4,339$2,214$1,101$645
50 years$14,255$7,827$4,080$2,046$1,000$578

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $14,600,000, adding $4,715 every year, while hoping to spend $39,673 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: 77/8/15 Blend
55$14,600,000$14,600,000$14,600,000$14,600,000
56$16,094,064$15,320,264$15,093,964$17,281,649
57$17,693,446$16,028,745$15,557,400$18,774,208
58$19,454,636$16,770,612$16,035,031$20,405,067
59$21,394,096$17,547,459$16,527,292$22,192,402
60$23,529,966$18,360,956$17,034,628$24,151,815
61$25,882,236$19,212,856$17,557,501$26,300,487
62$28,472,931$20,104,994$18,096,385$28,657,337
63$31,326,325$21,039,293$18,651,769$31,243,196
64$34,469,164$22,017,772$19,224,156$34,081,009
65$37,930,920$23,042,544$19,814,067$37,196,042
66$41,744,071$24,115,826$20,422,035$40,616,122
67$45,944,405$25,239,941$21,048,613$44,371,898
68$50,571,361$26,417,324$21,694,367$48,497,128
69$55,668,396$27,650,529$22,359,885$53,028,992
70$61,283,399$28,942,231$23,045,767$58,008,444
71$67,469,142$30,295,238$23,752,637$63,480,596
72$74,283,779$31,712,488$24,481,135$69,495,138
73$81,791,391$33,197,067$25,231,920$76,106,809
74$90,062,596$34,752,206$26,005,672$83,375,906
75$99,175,210$36,381,294$26,803,092$91,368,854
76$109,214,988$38,087,884$27,624,902$100,158,829
77$120,276,426$39,875,699$28,471,845$109,826,442
78$132,463,658$41,748,646$29,344,689$120,460,502
79$145,891,438$43,710,816$30,244,222$132,158,849
80$160,686,221$45,766,502$31,171,260$145,029,271
81$176,987,357$47,920,202$32,126,639$159,190,522
82$194,948,411$50,176,636$33,111,225$174,773,434
83$214,738,605$52,540,747$34,125,907$191,922,155
84$236,544,421$55,017,721$35,171,603$210,795,499
85$260,571,358$57,612,996$36,249,257$231,568,444
86$287,045,874$60,332,270$37,359,845$254,433,777
87$316,217,521$63,181,520$38,504,368$279,603,912
88$348,361,306$66,167,012$39,683,862$307,312,887
89$383,780,279$69,295,315$40,899,391$337,818,571
90$422,808,400$72,573,318$42,152,053$371,405,091
91$465,813,688$76,008,242$43,442,979$408,385,507
92$513,201,700$79,607,662$44,773,334$449,104,766
93$565,419,352$83,379,515$46,144,319$493,942,947
94$622,959,143$87,332,129$47,557,171$543,318,848
95$686,363,804$91,474,232$49,013,165$597,693,926
96$756,231,419$95,814,976$50,513,613$657,576,653
97$833,221,075$100,363,961$52,059,870$723,527,304
98$918,059,077$105,131,248$53,653,328$796,163,241
99$1,011,545,814$110,127,390$55,295,426$876,164,734
100$1,114,563,306$115,363,451$56,987,642$964,281,371