Can I retire at age 56 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,179,784
2 years$617,299$605,802$594,660$583,857$573,379$548,992
3 years$407,445$395,899$384,785$374,083$363,775$340,074
4 years$302,538$291,027$280,025$269,506$259,447$236,614
5 years$239,611$228,169$217,311$207,006$197,228$175,327
6 years$197,673$186,317$175,619$165,545$156,060$135,115
7 years$167,729$156,469$145,940$136,103$126,918$106,935
8 years$145,281$134,123$123,769$114,174$105,291$86,263
9 years$127,831$116,778$106,602$97,251$88,670$70,585
10 years$113,879$102,934$92,938$83,831$75,551$58,391
11 years$102,471$91,636$81,821$72,958$64,977$48,721
12 years$92,972$82,248$72,614$63,994$56,307$40,931
13 years$84,940$74,328$64,876$56,497$49,101$34,579
14 years$78,061$67,562$58,292$50,152$43,042$29,347
15 years$72,105$61,719$52,629$44,727$37,897$25,000
16 years$66,899$56,626$47,716$40,048$33,494$21,364
17 years$62,310$52,150$43,420$35,983$29,698$18,305
18 years$58,235$48,189$39,637$32,428$26,406$15,719
19 years$54,593$44,661$36,286$29,301$23,536$13,524
20 years$51,320$41,502$33,301$26,538$21,023$11,654
21 years$48,362$38,657$30,631$24,085$18,813$10,056
22 years$45,677$36,085$28,231$21,899$16,863$8,688
23 years$43,229$33,750$26,066$19,943$15,138$7,513
24 years$40,988$31,621$24,107$18,190$13,606$6,503
25 years$38,930$29,675$22,328$16,612$12,243$5,632
26 years$37,033$27,890$20,708$15,189$11,028$4,882
27 years$35,280$26,247$19,229$13,903$9,943$4,233
28 years$33,655$24,733$17,876$12,738$8,972$3,673
29 years$32,144$23,333$16,635$11,681$8,101$3,188
30 years$30,737$22,035$15,495$10,720$7,320$2,768
31 years$29,423$20,830$14,445$9,846$6,618$2,404
32 years$28,194$19,710$13,478$9,048$5,986$2,089
33 years$27,042$18,666$12,584$8,321$5,418$1,815
34 years$25,960$17,691$11,758$7,656$4,905$1,578
35 years$24,942$16,779$10,993$7,048$4,443$1,371
36 years$23,982$15,926$10,284$6,491$4,025$1,192
37 years$23,077$15,126$9,625$5,980$3,648$1,037
38 years$22,221$14,375$9,014$5,512$3,308$902
39 years$21,411$13,669$8,445$5,083$2,999$784
40 years$20,644$13,005$7,915$4,688$2,721$682
41 years$19,916$12,380$7,422$4,325$2,468$593
42 years$19,225$11,790$6,962$3,992$2,240$516
43 years$18,567$11,234$6,533$3,685$2,033$449
44 years$17,941$10,708$6,132$3,402$1,845$391
45 years$17,345$10,211$5,758$3,142$1,675$340
46 years$16,776$9,741$5,408$2,902$1,521$296
47 years$16,233$9,296$5,081$2,681$1,381$257
48 years$15,714$8,874$4,775$2,478$1,254$224
49 years$15,218$8,474$4,488$2,290$1,139$195
50 years$14,743$8,095$4,219$2,117$1,035$170

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $15,100,000, adding $6,568 every year, while hoping to spend $43,432 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: 69/7/24 Blend
55$15,100,000$15,100,000$15,100,000$15,100,000
56$16,646,975$15,846,675$15,612,625$17,693,649
57$18,298,755$16,576,951$16,089,437$19,125,859
58$20,117,561$17,341,554$16,580,766$20,686,976
59$22,120,384$18,142,122$17,087,053$22,394,370
60$24,325,946$18,980,369$17,608,752$24,262,517
61$26,754,877$19,858,092$18,146,330$26,307,351
62$29,429,912$20,777,176$18,700,269$28,546,416
63$32,376,100$21,739,594$19,271,066$30,999,029
64$35,621,047$22,747,419$19,859,231$33,686,457
65$39,195,169$23,802,818$20,465,290$36,632,121
66$43,131,986$24,908,065$21,089,787$39,861,810
67$47,468,434$26,065,546$21,733,281$43,403,921
68$52,245,215$27,277,758$22,396,346$47,289,732
69$57,507,179$28,547,322$23,079,577$51,553,685
70$63,303,753$29,876,981$23,783,583$56,233,715
71$69,689,398$31,269,616$24,508,996$61,371,603
72$76,724,132$32,728,243$25,256,463$67,013,366
73$84,474,091$34,256,024$26,026,652$73,209,693
74$93,012,155$35,856,276$26,820,251$80,016,412
75$102,418,635$37,532,474$27,637,970$87,495,024
76$112,782,033$39,288,261$28,480,538$95,713,270
77$124,199,872$41,127,458$29,348,709$104,745,775
78$136,779,625$43,054,070$30,243,256$114,674,743
79$150,639,720$45,072,293$31,164,979$125,590,733
80$165,910,665$47,186,529$32,114,699$137,593,508
81$182,736,276$49,401,392$33,093,265$150,792,969
82$201,275,035$51,721,719$34,101,548$165,310,198
83$221,701,587$54,152,581$35,140,448$181,278,585
84$244,208,387$56,699,295$36,210,891$198,845,090
85$269,007,517$59,367,436$37,313,831$218,171,623
86$296,332,689$62,162,846$38,450,250$239,436,566
87$326,441,451$65,091,653$39,621,161$262,836,454
88$359,617,616$68,160,280$40,827,606$288,587,824
89$396,173,942$71,375,464$42,070,661$316,929,253
90$436,455,087$74,744,264$43,351,430$348,123,605
91$480,840,857$78,274,084$44,671,055$382,460,503
92$529,749,798$81,972,687$46,030,708$420,259,062
93$583,643,140$85,848,212$47,431,600$461,870,891
94$643,029,158$89,909,192$48,874,976$507,683,408
95$708,467,963$94,164,574$50,362,119$558,123,486
96$780,576,797$98,623,739$51,894,351$613,661,479
97$860,035,852$103,296,524$53,473,033$674,815,654
98$947,594,697$108,193,242$55,099,569$742,157,073
99$1,044,079,354$113,324,708$56,775,401$816,314,978
100$1,150,400,090$118,702,261$58,502,019$897,982,721