Can I retire at age 56 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,156,142
2 years$609,123$597,778$586,784$576,124$565,784$533,768
3 years$402,048$390,655$379,688$369,128$358,957$327,932
4 years$298,531$287,173$276,316$265,936$256,011$226,215
5 years$236,437$225,147$214,432$204,264$194,615$166,132
6 years$195,055$183,849$173,293$163,352$153,993$126,848
7 years$165,507$154,396$144,007$134,301$125,237$99,432
8 years$143,357$132,346$122,130$112,661$103,896$79,419
9 years$126,138$115,231$105,190$95,963$87,496$64,323
10 years$112,371$101,571$91,707$82,721$74,551$52,653
11 years$101,114$90,422$80,738$71,992$64,116$43,459
12 years$91,740$81,158$71,653$63,146$55,562$36,108
13 years$83,815$73,343$64,017$55,749$48,451$30,160
14 years$77,027$66,667$57,519$49,488$42,472$25,300
15 years$71,150$60,902$51,932$44,134$37,395$21,298
16 years$66,013$55,876$47,084$39,517$33,050$17,982
17 years$61,484$51,460$42,845$35,506$29,305$15,219
18 years$57,464$47,551$39,112$31,998$26,056$12,907
19 years$53,870$44,070$35,805$28,913$23,225$10,964
20 years$50,640$40,952$32,860$26,186$20,745$9,327
21 years$47,722$38,145$30,225$23,766$18,564$7,944
22 years$45,072$35,607$27,857$21,609$16,640$6,774
23 years$42,657$33,303$25,721$19,679$14,937$5,780
24 years$40,446$31,202$23,787$17,949$13,426$4,936
25 years$38,415$29,282$22,032$16,392$12,081$4,218
26 years$36,543$27,520$20,434$14,988$10,882$3,606
27 years$34,813$25,900$18,974$13,719$9,811$3,084
28 years$33,209$24,405$17,639$12,569$8,853$2,639
29 years$31,718$23,023$16,415$11,526$7,994$2,259
30 years$30,330$21,743$15,290$10,578$7,223$1,934
31 years$29,034$20,555$14,254$9,715$6,530$1,657
32 years$27,821$19,449$13,299$8,929$5,907$1,419
33 years$26,684$18,418$12,418$8,211$5,346$1,216
34 years$25,616$17,456$11,602$7,554$4,840$1,042
35 years$24,611$16,557$10,847$6,954$4,384$893
36 years$23,665$15,715$10,147$6,405$3,972$765
37 years$22,771$14,926$9,498$5,901$3,600$656
38 years$21,927$14,185$8,894$5,439$3,264$562
39 years$21,128$13,488$8,333$5,015$2,960$482
40 years$20,371$12,833$7,811$4,626$2,685$413
41 years$19,652$12,216$7,324$4,268$2,435$354
42 years$18,970$11,634$6,870$3,939$2,210$304
43 years$18,321$11,085$6,447$3,636$2,006$260
44 years$17,703$10,566$6,051$3,357$1,821$223
45 years$17,115$10,076$5,682$3,100$1,653$191
46 years$16,553$9,612$5,337$2,864$1,501$164
47 years$16,018$9,173$5,014$2,646$1,363$141
48 years$15,506$8,757$4,711$2,445$1,237$121
49 years$15,016$8,362$4,428$2,260$1,124$104
50 years$14,548$7,988$4,163$2,089$1,021$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $14,900,000, adding $5,638 every year, while hoping to spend $44,880 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: 69/8/23 Blend
55$14,900,000$14,900,000$14,900,000$14,900,000
56$16,425,616$15,635,916$15,404,966$17,463,236
57$18,053,276$16,354,323$15,873,280$18,876,879
58$19,845,454$17,106,429$16,355,779$20,417,548
59$21,818,883$17,893,836$16,852,890$22,102,476
60$23,992,001$18,718,226$17,365,053$23,945,929
61$26,385,126$19,581,360$17,892,723$25,963,613
62$29,020,647$20,485,085$18,436,368$28,172,817
63$31,923,235$21,431,336$18,996,468$30,592,579
64$35,120,074$22,422,141$19,573,519$33,243,857
65$38,641,123$23,459,627$20,168,033$36,149,730
66$42,519,390$24,546,022$20,780,535$39,335,610
67$46,791,253$25,683,661$21,411,568$42,829,482
68$51,496,794$26,874,994$22,061,689$46,662,164
69$56,680,185$28,122,587$22,731,473$50,867,593
70$62,390,099$29,429,129$23,421,513$55,483,147
71$68,680,173$30,797,440$24,132,418$60,549,993
72$75,609,513$32,230,477$24,864,816$66,113,470
73$83,243,251$33,731,337$25,619,354$72,223,517
74$91,653,158$35,303,269$26,396,699$78,935,141
75$100,918,328$36,949,677$27,197,536$86,308,929
76$111,125,917$38,674,131$28,022,572$94,411,623
77$122,371,968$40,480,371$28,872,536$103,316,737
78$134,762,320$42,372,319$29,748,177$113,105,259
79$148,413,602$44,354,089$30,650,266$123,866,398
80$163,454,339$46,429,989$31,579,600$135,698,435
81$180,026,161$48,604,538$32,536,996$148,709,635
82$198,285,143$50,882,474$33,523,299$163,019,273
83$218,403,275$53,268,762$34,539,377$178,758,750
84$240,570,087$55,768,610$35,586,125$196,072,831
85$264,994,440$58,387,475$36,664,463$215,121,007
86$291,906,491$61,131,080$37,775,341$236,078,991
87$321,559,874$64,005,424$38,919,736$259,140,377
88$354,234,089$67,016,797$40,098,655$284,518,459
89$390,237,139$70,171,793$41,313,133$312,448,235
90$429,908,442$73,477,326$42,564,238$343,188,628
91$473,622,032$76,940,644$43,853,069$377,024,914
92$521,790,091$80,569,347$45,180,758$414,271,415
93$574,866,838$84,371,403$46,548,471$455,274,458
94$633,352,819$88,355,165$47,957,408$500,415,634
95$697,799,631$92,529,393$49,408,806$550,115,396
96$768,815,130$96,903,270$50,903,938$604,837,018
97$847,069,168$101,486,426$52,444,115$665,090,963
98$933,299,918$106,288,955$54,030,687$731,439,691
99$1,028,320,839$111,321,443$55,665,044$804,502,960
100$1,133,028,360$116,594,989$57,348,619$884,963,669