Can I retire at age 56 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,164,843
2 years$613,211$601,790$590,722$579,991$569,581$538,282
3 years$404,746$393,277$382,236$371,606$361,366$331,025
4 years$300,535$289,100$278,170$267,721$257,729$228,580
5 years$238,024$226,658$215,871$205,635$195,922$168,045
6 years$196,364$185,083$174,456$164,448$155,026$128,449
7 years$166,618$155,433$144,974$135,202$126,078$100,802
8 years$144,319$133,234$122,949$113,418$104,594$80,607
9 years$126,984$116,005$105,896$96,607$88,083$65,364
10 years$113,125$102,252$92,323$83,276$75,051$53,572
11 years$101,793$91,029$81,280$72,475$64,546$44,275
12 years$92,356$81,703$72,133$63,570$55,935$36,834
13 years$84,377$73,836$64,446$56,123$48,776$30,807
14 years$77,544$67,114$57,905$49,820$42,757$25,879
15 years$71,628$61,310$52,281$44,430$37,646$21,816
16 years$66,456$56,251$47,400$39,783$33,272$18,446
17 years$61,897$51,805$43,132$35,744$29,501$15,634
18 years$57,849$47,870$39,374$32,213$26,231$13,278
19 years$54,232$44,366$36,045$29,107$23,380$11,297
20 years$50,980$41,227$33,081$26,362$20,884$9,625
21 years$48,042$38,401$30,428$23,925$18,689$8,211
22 years$45,375$35,846$28,044$21,754$16,752$7,011
23 years$42,943$33,526$25,894$19,811$15,037$5,992
24 years$40,717$31,412$23,947$18,069$13,516$5,126
25 years$38,672$29,478$22,180$16,502$12,162$4,387
26 years$36,788$27,705$20,571$15,088$10,955$3,757
27 years$35,046$26,074$19,102$13,811$9,877$3,218
28 years$33,432$24,569$17,757$12,654$8,912$2,758
29 years$31,931$23,178$16,525$11,604$8,048$2,365
30 years$30,534$21,889$15,392$10,649$7,272$2,028
31 years$29,228$20,693$14,350$9,780$6,574$1,740
32 years$28,007$19,579$13,389$8,989$5,947$1,493
33 years$26,863$18,542$12,501$8,266$5,382$1,281
34 years$25,788$17,574$11,680$7,605$4,873$1,100
35 years$24,776$16,668$10,920$7,001$4,413$944
36 years$23,823$15,821$10,216$6,448$3,999$810
37 years$22,924$15,026$9,562$5,941$3,624$696
38 years$22,074$14,280$8,954$5,476$3,286$597
39 years$21,270$13,579$8,389$5,049$2,980$513
40 years$20,507$12,919$7,863$4,657$2,703$441
41 years$19,784$12,298$7,373$4,297$2,452$378
42 years$19,097$11,712$6,916$3,965$2,225$325
43 years$18,444$11,159$6,490$3,660$2,019$279
44 years$17,822$10,637$6,092$3,380$1,833$240
45 years$17,230$10,143$5,720$3,121$1,664$206
46 years$16,665$9,676$5,372$2,883$1,511$177
47 years$16,125$9,234$5,047$2,664$1,372$152
48 years$15,610$8,815$4,743$2,461$1,246$131
49 years$15,117$8,418$4,458$2,275$1,131$112
50 years$14,645$8,041$4,191$2,103$1,028$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $15,000,000, adding $6,537 every year, while hoping to spend $56,452 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: 50/30/20 Blend
55$15,000,000$15,000,000$15,000,000$15,000,000
56$16,536,743$15,741,743$15,509,243$17,270,944
57$18,163,426$16,453,024$15,968,738$18,490,901
58$19,954,139$17,197,265$16,441,734$19,809,702
59$21,925,553$17,976,023$16,928,624$21,241,808
60$24,096,038$18,790,927$17,429,812$22,797,937
61$26,485,836$19,643,685$17,945,713$24,489,865
62$29,117,252$20,536,086$18,476,754$26,330,535
63$32,014,863$21,470,005$19,023,377$28,334,170
64$35,205,751$22,447,407$19,586,032$30,516,403
65$38,719,758$23,470,351$20,165,185$32,894,423
66$42,589,770$24,540,994$20,761,315$35,487,127
67$46,852,021$25,661,598$21,374,914$38,315,293
68$51,546,443$26,834,532$22,006,489$41,401,775
69$56,717,034$28,062,277$22,656,560$44,771,705
70$62,412,280$29,347,438$23,325,663$48,452,727
71$68,685,609$30,692,739$24,014,350$52,475,255
72$75,595,898$32,101,040$24,723,187$56,872,744
73$83,208,023$33,575,334$25,452,757$61,682,006
74$91,593,477$35,118,762$26,203,660$66,943,545
75$100,831,042$36,734,611$26,976,513$72,701,931
76$111,007,532$38,426,331$27,771,950$79,006,218
77$122,218,614$40,197,534$28,590,624$85,910,388
78$134,569,707$42,052,008$29,433,205$93,473,860
79$148,176,983$43,993,722$30,300,383$101,762,035
80$163,168,458$46,026,838$31,192,868$110,846,907
81$179,685,202$48,155,714$32,111,391$120,807,728
82$197,882,672$50,384,923$33,056,701$131,731,750
83$217,932,174$52,719,254$34,029,571$143,715,030
84$240,022,489$55,163,731$35,030,794$156,863,329
85$264,361,644$57,723,615$36,061,188$171,293,098
86$291,178,885$60,404,425$37,121,590$187,132,560
87$320,726,833$63,211,943$38,212,865$204,522,909
88$353,283,874$66,152,233$39,335,900$223,619,627
89$389,156,785$69,231,648$40,491,609$244,593,936
90$428,683,629$72,456,851$41,680,929$267,634,400
91$472,236,945$75,834,823$42,904,827$292,948,686
92$520,227,269$79,372,884$44,164,294$320,765,507
93$573,107,004$83,078,709$45,460,351$351,336,765
94$631,374,693$86,960,340$46,794,047$384,939,904
95$695,579,725$91,026,211$48,166,462$421,880,516
96$766,327,523$95,285,161$49,578,704$462,495,200
97$844,285,254$99,746,457$51,031,914$507,154,717
98$930,188,132$104,419,815$52,527,265$556,267,472
99$1,024,846,355$109,315,420$54,065,963$610,283,337
100$1,129,152,757$114,443,949$55,649,246$669,697,881