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%17.1%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,169,300
2 years$617,299$605,802$594,660$583,857$573,379$538,600
3 years$407,445$395,899$384,785$374,083$363,775$330,102
4 years$302,538$291,027$280,025$269,506$259,447$227,138
5 years$239,611$228,169$217,311$207,006$197,228$166,371
6 years$197,673$186,317$175,619$165,545$156,060$126,683
7 years$167,729$156,469$145,940$136,103$126,918$99,022
8 years$145,281$134,123$123,769$114,174$105,291$78,859
9 years$127,831$116,778$106,602$97,251$88,670$63,676
10 years$113,879$102,934$92,938$83,831$75,551$51,961
11 years$102,471$91,636$81,821$72,958$64,977$42,751
12 years$92,972$82,248$72,614$63,994$56,307$35,403
13 years$84,940$74,328$64,876$56,497$49,101$29,471
14 years$78,061$67,562$58,292$50,152$43,042$24,637
15 years$72,105$61,719$52,629$44,727$37,897$20,667
16 years$66,899$56,626$47,716$40,048$33,494$17,387
17 years$62,310$52,150$43,420$35,983$29,698$14,662
18 years$58,235$48,189$39,637$32,428$26,406$12,388
19 years$54,593$44,661$36,286$29,301$23,536$10,484
20 years$51,320$41,502$33,301$26,538$21,023$8,885
21 years$48,362$38,657$30,631$24,085$18,813$7,539
22 years$45,677$36,085$28,231$21,899$16,863$6,403
23 years$43,229$33,750$26,066$19,943$15,138$5,442
24 years$40,988$31,621$24,107$18,190$13,606$4,629
25 years$38,930$29,675$22,328$16,612$12,243$3,940
26 years$37,033$27,890$20,708$15,189$11,028$3,355
27 years$35,280$26,247$19,229$13,903$9,943$2,858
28 years$33,655$24,733$17,876$12,738$8,972$2,435
29 years$32,144$23,333$16,635$11,681$8,101$2,076
30 years$30,737$22,035$15,495$10,720$7,320$1,770
31 years$29,423$20,830$14,445$9,846$6,618$1,510
32 years$28,194$19,710$13,478$9,048$5,986$1,288
33 years$27,042$18,666$12,584$8,321$5,418$1,099
34 years$25,960$17,691$11,758$7,656$4,905$938
35 years$24,942$16,779$10,993$7,048$4,443$800
36 years$23,982$15,926$10,284$6,491$4,025$683
37 years$23,077$15,126$9,625$5,980$3,648$583
38 years$22,221$14,375$9,014$5,512$3,308$498
39 years$21,411$13,669$8,445$5,083$2,999$425
40 years$20,644$13,005$7,915$4,688$2,721$363
41 years$19,916$12,380$7,422$4,325$2,468$310
42 years$19,225$11,790$6,962$3,992$2,240$264
43 years$18,567$11,234$6,533$3,685$2,033$226
44 years$17,941$10,708$6,132$3,402$1,845$193
45 years$17,345$10,211$5,758$3,142$1,675$165
46 years$16,776$9,741$5,408$2,902$1,521$140
47 years$16,233$9,296$5,081$2,681$1,381$120
48 years$15,714$8,874$4,775$2,478$1,254$102
49 years$15,218$8,474$4,488$2,290$1,139$87
50 years$14,743$8,095$4,219$2,117$1,035$75

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 $5,312 every year, while hoping to spend $49,075 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: 39/34/27 Blend
55$15,100,000$15,100,000$15,100,000$15,100,000
56$16,645,679$15,845,379$15,611,329$17,161,298
57$18,291,323$16,569,587$16,082,093$18,262,001
58$20,103,178$17,327,637$16,566,983$19,446,480
59$22,098,145$18,121,134$17,066,421$20,726,362
60$24,294,849$18,951,763$17,580,839$22,110,374
61$26,713,812$19,821,288$18,110,685$23,608,090
62$29,377,647$20,731,557$18,656,419$25,230,015
63$32,311,272$21,684,508$19,218,514$26,987,684
64$35,542,146$22,682,173$19,797,458$28,893,757
65$39,100,525$23,726,680$20,393,754$30,962,139
66$43,019,751$24,820,260$21,007,917$33,208,097
67$47,336,564$25,965,251$21,640,480$35,648,405
68$52,091,449$27,164,104$22,291,992$38,301,491
69$57,329,019$28,419,387$22,963,015$41,187,600
70$63,098,434$29,733,792$23,654,132$44,328,984
71$69,453,868$31,110,142$24,365,939$47,750,098
72$76,455,017$32,551,393$25,099,053$51,477,827
73$84,167,665$34,060,647$25,854,107$55,541,725
74$92,664,301$35,641,153$26,631,754$59,974,288
75$102,024,807$37,296,317$27,432,665$64,811,250
76$112,337,210$39,029,710$28,257,532$70,091,909
77$123,698,514$40,845,074$29,107,067$75,859,491
78$136,215,612$42,746,332$29,982,004$82,161,539
79$150,006,299$44,737,597$30,883,096$89,050,357
80$165,200,382$46,823,180$31,811,120$96,583,488
81$181,940,905$49,007,600$32,766,877$104,824,244
82$200,385,499$51,295,594$33,751,189$113,842,292
83$220,707,871$53,692,128$34,764,904$123,714,294
84$243,099,440$56,202,409$35,808,895$134,524,621
85$267,771,149$58,831,894$36,884,060$146,366,129
86$294,955,453$61,586,303$37,991,322$159,341,020
87$324,908,513$64,471,636$39,131,635$173,561,792
88$357,912,615$67,494,179$40,305,978$189,152,283
89$394,278,833$70,660,526$41,515,360$206,248,818
90$434,349,968$73,977,585$42,760,819$225,001,483
91$478,503,782$77,452,604$44,043,423$245,575,513
92$527,156,563$81,093,177$45,364,273$268,152,838
93$580,767,058$84,907,268$46,724,502$292,933,774
94$639,840,800$88,903,227$48,125,275$320,138,893
95$704,934,882$93,089,805$49,567,792$350,011,080
96$776,663,216$97,476,181$51,053,289$382,817,798
97$855,702,326$102,071,976$52,583,036$418,853,593
98$942,797,739$106,887,278$54,158,343$458,442,839
99$1,038,771,017$111,932,664$55,780,557$501,942,776
100$1,144,527,519$117,219,223$57,451,064$549,746,853