Can I retire at age 56 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,165,821
2 years$621,387$609,814$598,598$587,724$577,176$531,126
3 years$410,143$398,520$387,333$376,560$366,184$321,781
4 years$304,542$292,955$281,879$271,291$261,166$218,748
5 years$241,198$229,680$218,750$208,377$198,534$158,211
6 years$198,982$187,551$176,782$166,641$157,093$118,892
7 years$168,840$157,505$146,907$137,005$127,759$91,669
8 years$146,243$135,011$124,589$114,930$105,988$71,974
9 years$128,678$117,551$107,308$97,895$89,257$57,271
10 years$114,633$103,616$93,554$84,386$76,052$46,033
11 years$103,150$92,243$82,363$73,441$65,407$37,289
12 years$93,587$82,792$73,095$64,418$56,680$30,391
13 years$85,502$74,820$65,306$56,871$49,426$24,889
14 years$78,578$68,009$58,678$50,484$43,327$20,462
15 years$72,583$62,128$52,978$45,023$38,148$16,875
16 years$67,342$57,001$48,032$40,313$33,716$13,952
17 years$62,722$52,496$43,707$36,221$29,895$11,560
18 years$58,621$48,509$39,899$32,642$26,581$9,594
19 years$54,955$44,957$36,526$29,495$23,692$7,973
20 years$51,660$41,776$33,522$26,714$21,162$6,634
21 years$48,683$38,913$30,833$24,244$18,938$5,525
22 years$45,980$36,324$28,418$22,044$16,975$4,606
23 years$43,515$33,973$26,239$20,076$15,238$3,841
24 years$41,260$31,831$24,266$18,310$13,696$3,206
25 years$39,188$29,871$22,476$16,722$12,324$2,676
26 years$37,279$28,074$20,845$15,290$11,101$2,235
27 years$35,514$26,421$19,356$13,995$10,009$1,868
28 years$33,877$24,897$17,994$12,822$9,031$1,561
29 years$32,357$23,487$16,745$11,758$8,155$1,305
30 years$30,941$22,181$15,598$10,791$7,368$1,091
31 years$29,618$20,968$14,541$9,911$6,662$912
32 years$28,381$19,840$13,567$9,108$6,026$763
33 years$27,221$18,789$12,668$8,376$5,454$638
34 years$26,132$17,808$11,836$7,707$4,938$534
35 years$25,107$16,890$11,066$7,094$4,472$446
36 years$24,141$16,032$10,352$6,534$4,052$373
37 years$23,230$15,226$9,689$6,020$3,672$312
38 years$22,368$14,470$9,073$5,549$3,329$261
39 years$21,553$13,760$8,501$5,116$3,019$219
40 years$20,781$13,091$7,968$4,719$2,739$183
41 years$20,048$12,462$7,471$4,354$2,485$153
42 years$19,352$11,868$7,008$4,018$2,254$128
43 years$18,690$11,308$6,576$3,709$2,046$107
44 years$18,060$10,779$6,173$3,425$1,857$90
45 years$17,459$10,279$5,796$3,163$1,686$75
46 years$16,887$9,805$5,444$2,922$1,531$63
47 years$16,340$9,357$5,115$2,699$1,390$53
48 years$15,818$8,933$4,806$2,494$1,262$44
49 years$15,318$8,530$4,518$2,305$1,147$37
50 years$14,841$8,149$4,247$2,131$1,041$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $15,200,000, adding $5,422 every year, while hoping to spend $21,426 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: 48/29/23 Blend
55$15,200,000$15,200,000$15,200,000$15,200,000
56$16,755,993$15,950,393$15,714,793$17,450,607
57$18,442,307$16,709,165$16,218,441$18,695,158
58$20,299,907$17,504,399$16,738,244$20,043,283
59$22,346,242$18,337,858$17,274,719$21,506,834
60$24,600,538$19,211,393$17,828,402$23,096,672
61$27,083,985$20,126,944$18,399,845$24,824,727
62$29,819,930$21,086,543$18,989,619$26,704,102
63$32,834,104$22,092,324$19,598,312$28,749,196
64$36,154,858$23,146,523$20,226,531$30,975,832
65$39,813,436$24,251,486$20,874,903$33,401,399
66$43,844,270$25,409,671$21,544,075$36,045,011
67$48,285,299$26,623,659$22,234,715$38,927,681
68$53,178,333$27,896,152$22,947,512$42,072,511
69$58,569,448$29,229,988$23,683,178$45,504,904
70$64,509,414$30,628,140$24,442,446$49,252,796
71$71,054,181$32,093,726$25,226,076$53,346,911
72$78,265,407$33,630,018$26,034,849$57,821,044
73$86,211,034$35,240,444$26,869,572$62,712,369
74$94,965,935$36,928,602$27,731,078$68,061,785
75$104,612,620$38,698,263$28,620,229$73,914,285
76$115,242,012$40,553,382$29,537,911$80,319,381
77$126,954,307$42,498,108$30,485,041$87,331,551
78$139,859,921$44,536,790$31,462,564$95,010,749
79$154,080,530$46,673,990$32,471,458$103,422,956
80$169,750,221$48,914,492$33,512,728$112,640,795
81$187,016,755$51,263,313$34,587,415$122,744,198
82$206,042,963$53,725,715$35,696,593$133,821,152
83$227,008,285$56,307,215$36,841,369$145,968,517
84$250,110,462$59,013,600$38,022,887$159,292,921
85$275,567,402$61,850,939$39,242,326$173,911,755
86$303,619,238$64,825,597$40,500,906$189,954,267
87$334,530,597$67,944,247$41,799,882$207,562,762
88$368,593,093$71,213,891$43,140,554$226,893,931
89$406,128,086$74,641,869$44,524,259$248,120,313
90$447,489,710$78,235,880$45,952,382$271,431,902
91$493,068,222$82,004,000$47,426,348$297,037,922
92$543,293,681$85,954,696$48,947,631$325,168,784
93$598,640,011$90,096,850$50,517,750$356,078,239
94$659,629,472$94,439,776$52,138,276$390,045,749
95$726,837,597$98,993,243$53,810,826$427,379,103
96$800,898,617$103,767,497$55,537,074$468,417,299
97$882,511,453$108,773,282$57,318,744$513,533,717
98$972,446,317$114,021,868$59,157,616$563,139,620
99$1,071,551,975$119,525,073$61,055,530$617,688,004
100$1,180,763,768$125,295,294$63,014,383$677,677,849