Can I retire at age 56 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,201,811
2 years$625,475$613,826$602,537$591,591$580,973$562,646
3 years$412,841$401,142$389,881$379,038$368,593$350,741
4 years$306,545$294,882$283,734$273,075$262,884$245,644
5 years$242,784$231,191$220,189$209,748$199,840$183,262
6 years$200,291$188,785$177,945$167,737$158,127$142,230
7 years$169,950$158,541$147,873$137,906$128,599$113,390
8 years$147,205$135,899$125,408$115,686$106,686$92,161
9 years$129,524$118,325$108,014$98,539$89,845$75,997
10 years$115,387$104,297$94,169$84,941$76,552$63,371
11 years$103,829$92,850$82,905$73,924$65,837$53,310
12 years$94,203$83,337$73,576$64,842$57,053$45,164
13 years$86,065$75,312$65,735$57,245$49,752$38,484
14 years$79,095$68,457$59,064$50,816$43,612$32,948
15 years$73,060$62,537$53,326$45,319$38,399$28,320
16 years$67,785$57,376$48,348$40,578$33,937$24,423
17 years$63,135$52,841$43,995$36,459$30,091$21,121
18 years$59,006$48,828$40,162$32,857$26,756$18,310
19 years$55,316$45,253$36,766$29,689$23,848$15,904
20 years$52,000$42,051$33,742$26,889$21,302$13,839
21 years$49,003$39,169$31,036$24,404$19,062$12,060
22 years$46,282$36,563$28,605$22,189$17,087$10,523
23 years$43,802$34,197$26,411$20,208$15,338$9,193
24 years$41,531$32,040$24,426$18,431$13,786$8,038
25 years$39,446$30,068$22,623$16,832$12,405$7,034
26 years$37,524$28,259$20,982$15,390$11,174$6,160
27 years$35,747$26,595$19,484$14,087$10,075$5,398
28 years$34,100$25,060$18,113$12,907$9,091$4,733
29 years$32,570$23,642$16,855$11,836$8,209$4,152
30 years$31,144$22,327$15,700$10,862$7,417$3,644
31 years$29,813$21,106$14,637$9,976$6,706$3,199
32 years$28,568$19,971$13,656$9,168$6,066$2,810
33 years$27,400$18,913$12,751$8,431$5,489$2,468
34 years$26,304$17,925$11,914$7,757$4,970$2,169
35 years$25,272$17,002$11,139$7,141$4,502$1,906
36 years$24,300$16,137$10,420$6,577$4,079$1,676
37 years$23,383$15,326$9,753$6,060$3,697$1,473
38 years$22,516$14,566$9,133$5,585$3,351$1,295
39 years$21,695$13,850$8,557$5,150$3,039$1,139
40 years$20,918$13,178$8,020$4,750$2,757$1,002
41 years$20,180$12,544$7,520$4,382$2,501$881
42 years$19,479$11,946$7,054$4,044$2,269$775
43 years$18,813$11,382$6,620$3,734$2,059$682
44 years$18,179$10,850$6,214$3,447$1,869$600
45 years$17,574$10,346$5,834$3,184$1,697$528
46 years$16,998$9,870$5,480$2,941$1,541$465
47 years$16,448$9,419$5,148$2,717$1,399$409
48 years$15,922$8,992$4,838$2,511$1,271$360
49 years$15,419$8,587$4,547$2,320$1,154$317
50 years$14,938$8,202$4,275$2,145$1,048$279

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $15,300,000, adding $5,592 every year, while hoping to spend $58,635 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: 41/35/24 Blend
55$15,300,000$15,300,000$15,300,000$15,300,000
56$16,866,368$16,055,468$15,818,318$17,438,517
57$18,524,351$16,779,799$16,285,845$18,574,097
58$20,349,482$17,537,657$16,767,068$19,796,469
59$22,358,750$18,330,622$17,262,385$21,118,428
60$24,570,872$19,160,352$17,772,205$22,549,140
61$27,006,473$20,028,582$18,296,946$24,098,666
62$29,688,281$20,937,131$18,837,042$25,778,049
63$32,641,339$21,887,904$19,392,936$27,599,413
64$35,893,242$22,882,897$19,965,086$29,576,074
65$39,474,397$23,924,203$20,553,960$31,722,655
66$43,418,311$25,014,015$21,160,044$34,055,221
67$47,761,907$26,154,629$21,783,833$36,591,419
68$52,545,869$27,348,454$22,425,839$39,350,645
69$57,815,032$28,598,012$23,086,589$42,354,211
70$63,618,798$29,905,947$23,766,622$45,625,543
71$70,011,606$31,275,030$24,466,495$49,190,395
72$77,053,448$32,708,165$25,186,781$53,077,078
73$84,810,428$34,208,393$25,928,066$57,316,723
74$93,355,393$35,778,905$26,690,957$61,943,566
75$102,768,614$37,423,042$27,476,075$66,995,257
76$113,138,549$39,144,308$28,284,061$72,513,207
77$124,562,675$40,946,373$29,115,571$78,542,969
78$137,148,408$42,833,086$29,971,282$85,134,656
79$151,014,116$44,808,478$30,851,891$92,343,404
80$166,290,239$46,876,776$31,758,112$100,229,877
81$183,120,515$49,042,410$32,690,681$108,860,829
82$201,663,343$51,310,023$33,650,354$118,309,718
83$222,093,272$53,684,482$34,637,909$128,657,390
84$244,602,652$56,170,889$35,654,145$139,992,825
85$269,403,449$58,774,588$36,699,886$152,413,959
86$296,729,244$61,501,186$37,775,975$166,028,597
87$326,837,439$64,356,557$38,883,283$180,955,411
88$360,011,688$67,346,858$40,022,702$197,325,045
89$396,564,570$70,478,544$41,195,152$215,281,325
90$436,840,543$73,758,380$42,401,578$234,982,605
91$481,219,198$77,193,460$43,642,950$256,603,234
92$530,118,834$80,791,217$44,920,266$280,335,188
93$584,000,415$84,559,446$46,234,555$306,389,855
94$643,371,914$88,506,316$47,586,870$335,000,010
95$708,793,116$92,640,392$48,978,296$366,421,987
96$780,880,893$96,970,651$50,409,949$400,938,077
97$860,315,037$101,506,506$51,882,975$438,859,162
98$947,844,669$106,257,823$53,398,553$480,527,625
99$1,044,295,315$111,234,945$54,957,893$526,320,555
100$1,150,576,696$116,448,717$56,562,242$576,653,272