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%13.9%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,145,409
2 years$596,859$585,743$574,970$564,524$554,393$535,488
3 years$393,953$382,789$372,043$361,696$351,729$333,324
4 years$292,520$281,391$270,752$260,582$250,856$233,092
5 years$231,677$220,614$210,115$200,152$190,697$173,625
6 years$191,127$180,148$169,804$160,063$150,892$134,532
7 years$162,175$151,288$141,108$131,597$122,716$107,073
8 years$140,471$129,682$119,671$110,393$101,804$86,876
9 years$123,598$112,911$103,072$94,030$85,734$71,512
10 years$110,108$99,526$89,861$81,055$73,050$59,522
11 years$99,078$88,602$79,112$70,542$62,825$49,978
12 years$89,893$79,524$70,210$61,875$54,443$42,260
13 years$82,127$71,867$62,728$54,626$47,475$35,939
14 years$75,476$65,325$56,361$48,491$41,617$30,707
15 years$69,718$59,675$50,887$43,246$36,643$26,340
16 years$64,684$54,751$46,136$38,722$32,385$22,668
17 years$60,246$50,424$41,982$34,791$28,715$19,561
18 years$56,307$46,594$38,324$31,354$25,532$16,920
19 years$52,786$43,183$35,084$28,331$22,757$14,665
20 years$49,621$40,127$32,198$25,659$20,327$12,732
21 years$46,761$37,377$29,616$23,287$18,190$11,071
22 years$44,165$34,890$27,296$21,173$16,305$9,638
23 years$41,798$32,632$25,203$19,283$14,636$8,400
24 years$39,631$30,574$23,309$17,587$13,155$7,327
25 years$37,641$28,692$21,588$16,062$11,838$6,397
26 years$35,807$26,966$20,022$14,686$10,663$5,589
27 years$34,112$25,378$18,592$13,442$9,614$4,886
28 years$32,540$23,914$17,284$12,316$8,675$4,274
29 years$31,080$22,560$16,084$11,294$7,833$3,740
30 years$29,719$21,305$14,982$10,365$7,078$3,274
31 years$28,449$20,141$13,967$9,520$6,399$2,867
32 years$27,261$19,057$13,032$8,749$5,788$2,512
33 years$26,146$18,047$12,168$8,045$5,238$2,201
34 years$25,100$17,105$11,369$7,402$4,743$1,929
35 years$24,116$16,224$10,629$6,814$4,296$1,691
36 years$23,188$15,399$9,943$6,276$3,892$1,483
37 years$22,313$14,625$9,307$5,782$3,528$1,301
38 years$21,485$13,899$8,715$5,330$3,198$1,141
39 years$20,702$13,217$8,165$4,914$2,900$1,001
40 years$19,961$12,575$7,653$4,533$2,630$878
41 years$19,257$11,970$7,176$4,182$2,386$770
42 years$18,588$11,400$6,732$3,859$2,165$676
43 years$17,952$10,862$6,317$3,563$1,965$593
44 years$17,347$10,353$5,929$3,290$1,784$520
45 years$16,770$9,873$5,567$3,038$1,619$457
46 years$16,220$9,418$5,229$2,806$1,470$401
47 years$15,695$8,988$4,913$2,593$1,335$352
48 years$15,193$8,580$4,617$2,396$1,213$309
49 years$14,714$8,194$4,339$2,214$1,101$271
50 years$14,255$7,827$4,080$2,046$1,000$238

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 $2,292 every year, while hoping to spend $41,910 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: 37/44/19 Blend
55$14,600,000$14,600,000$14,600,000$14,600,000
56$16,091,564$15,317,764$15,091,464$16,594,522
57$17,688,312$16,023,743$15,552,436$17,665,033
58$19,446,523$16,762,910$16,027,446$18,816,464
59$21,382,623$17,536,847$16,516,920$20,059,318
60$23,514,711$18,347,212$17,021,297$21,401,828
61$25,862,729$19,195,744$17,541,029$22,853,016
62$28,448,656$20,084,264$18,076,582$24,422,775
63$31,296,707$21,014,681$18,628,435$26,121,955
64$34,433,567$21,988,996$19,197,084$27,962,457
65$37,888,642$23,009,308$19,783,037$29,957,340
66$41,694,334$24,077,814$20,386,819$32,120,932
67$45,886,350$25,196,821$21,008,972$34,468,964
68$50,504,036$26,368,743$21,650,050$37,018,703
69$55,590,750$27,596,114$22,310,630$39,789,110
70$61,194,271$28,881,589$22,991,300$42,801,007
71$67,367,249$30,227,949$23,692,671$46,077,266
72$74,167,702$31,638,113$24,415,370$49,643,013
73$81,659,566$33,115,137$25,160,042$53,525,855
74$89,913,291$34,662,229$25,927,354$57,756,130
75$99,006,518$36,282,749$26,717,991$62,367,179
76$109,024,798$37,980,219$27,532,659$67,395,650
77$120,062,411$39,758,334$28,372,087$72,881,834
78$132,223,249$41,620,964$29,237,023$78,870,024
79$145,621,797$43,572,169$30,128,241$85,408,927
80$160,384,219$45,616,203$31,046,536$92,552,105
81$176,649,542$47,757,529$31,992,727$100,358,465
82$194,570,970$50,000,823$32,967,658$108,892,800
83$214,317,334$52,350,989$33,972,200$118,226,381
84$236,074,681$54,813,166$35,007,248$128,437,619
85$260,048,033$57,392,745$36,073,724$139,612,775
86$286,463,319$60,095,376$37,172,581$151,846,767
87$315,569,511$62,926,984$38,304,796$165,244,037
88$347,640,973$65,893,778$39,471,379$179,919,518
89$382,980,051$69,002,271$40,673,368$195,999,700
90$421,919,925$72,259,292$41,911,835$213,623,795
91$464,827,757$75,671,997$43,187,881$232,945,030
92$512,108,156$79,247,893$44,502,643$254,132,068
93$564,206,997$82,994,848$45,857,291$277,370,573
94$621,615,630$86,921,115$47,253,029$302,864,932
95$684,875,518$91,035,343$48,691,099$330,840,160
96$754,583,350$95,346,604$50,172,780$361,543,987
97$831,396,673$99,864,409$51,699,389$395,249,171
98$916,040,097$104,598,729$53,272,283$432,256,034
99$1,009,312,142$109,560,022$54,892,859$472,895,265
100$1,112,092,768$114,759,250$56,562,557$517,531,002