Can I retire at age 56 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,211,668
2 years$629,563$617,838$606,475$595,457$584,770$568,325
3 years$415,540$403,764$392,429$381,515$371,002$354,971
4 years$308,549$296,809$285,588$274,860$264,602$249,110
5 years$244,371$232,702$221,628$211,119$201,146$186,237
6 years$201,600$190,019$179,108$168,834$159,160$144,852
7 years$171,061$159,577$148,840$138,807$129,440$115,739
8 years$148,168$136,787$126,228$116,442$107,383$94,287
9 years$130,371$119,098$108,720$99,183$90,432$77,935
10 years$116,142$104,979$94,785$85,497$77,052$65,145
11 years$104,507$93,457$83,447$74,408$66,268$54,939
12 years$94,819$83,882$74,057$65,265$57,426$46,664
13 years$86,627$75,805$66,165$57,620$50,077$39,866
14 years$79,612$68,904$59,450$51,148$43,897$34,223
15 years$73,538$62,945$53,675$45,615$38,650$29,496
16 years$68,228$57,751$48,664$40,844$34,159$25,508
17 years$63,548$53,187$44,283$36,698$30,288$22,122
18 years$59,392$49,147$40,424$33,072$26,931$19,233
19 years$55,678$45,549$37,006$29,883$24,004$16,755
20 years$52,340$42,326$33,963$27,065$21,441$14,623
21 years$49,323$39,425$31,239$24,563$19,187$12,781
22 years$46,585$36,802$28,792$22,334$17,198$11,187
23 years$44,088$34,420$26,584$20,340$15,438$9,802
24 years$41,803$32,249$24,586$18,551$13,876$8,598
25 years$39,704$30,264$22,771$16,942$12,487$7,548
26 years$37,769$28,444$21,119$15,491$11,247$6,631
27 years$35,981$26,769$19,611$14,179$10,141$5,830
28 years$34,323$25,224$18,231$12,991$9,150$5,128
29 years$32,783$23,796$16,966$11,913$8,262$4,513
30 years$31,348$22,473$15,803$10,933$7,465$3,974
31 years$30,008$21,244$14,732$10,041$6,749$3,500
32 years$28,754$20,101$13,746$9,228$6,105$3,084
33 years$27,579$19,036$12,834$8,486$5,525$2,719
34 years$26,475$18,042$11,992$7,808$5,003$2,397
35 years$25,437$17,113$11,211$7,188$4,531$2,114
36 years$24,459$16,242$10,488$6,620$4,105$1,864
37 years$23,535$15,427$9,817$6,099$3,721$1,645
38 years$22,663$14,661$9,193$5,622$3,373$1,451
39 years$21,837$13,941$8,613$5,183$3,059$1,281
40 years$21,054$13,264$8,073$4,781$2,775$1,130
41 years$20,312$12,626$7,570$4,411$2,517$998
42 years$19,606$12,024$7,101$4,071$2,284$881
43 years$18,936$11,457$6,663$3,758$2,073$777
44 years$18,297$10,921$6,254$3,470$1,882$686
45 years$17,689$10,414$5,873$3,204$1,708$606
46 years$17,109$9,934$5,516$2,960$1,551$535
47 years$16,555$9,481$5,182$2,735$1,408$473
48 years$16,026$9,050$4,869$2,527$1,279$417
49 years$15,520$8,643$4,577$2,335$1,162$369
50 years$15,036$8,256$4,303$2,159$1,055$325

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $15,400,000, adding $5,964 every year, while hoping to spend $50,874 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: 58/17/25 Blend
55$15,400,000$15,400,000$15,400,000$15,400,000
56$16,976,952$16,160,752$15,922,052$17,846,329
57$18,654,471$16,898,499$16,401,311$19,178,497
58$20,501,393$17,670,691$16,894,920$20,624,346
59$22,534,942$18,478,961$17,403,307$22,199,735
60$24,774,098$19,325,023$17,926,910$23,917,216
61$27,239,777$20,210,670$18,466,182$25,790,594
62$29,955,025$21,137,784$19,021,590$27,835,054
63$32,945,237$22,108,335$19,593,613$30,067,303
64$36,238,397$23,124,389$20,182,745$32,505,725
65$39,865,341$24,188,112$20,789,495$35,170,546
66$43,860,048$25,301,771$21,414,385$38,084,024
67$48,259,961$26,467,746$22,057,955$41,270,654
68$53,106,340$27,688,528$22,720,759$44,757,396
69$58,444,651$28,966,731$23,403,369$48,573,924
70$64,324,997$30,305,092$24,106,373$52,752,902
71$70,802,585$31,706,480$24,830,375$57,330,285
72$77,938,256$33,173,904$25,576,000$62,345,656
73$85,799,050$34,710,518$26,343,888$67,842,594
74$94,458,844$36,319,624$27,134,699$73,869,079
75$103,999,048$38,004,688$27,949,114$80,477,937
76$114,509,374$39,769,340$28,787,831$87,727,336
77$126,088,679$41,617,387$29,651,573$95,681,329
78$138,845,902$43,552,817$30,541,079$104,410,448
79$152,901,092$45,579,813$31,457,113$113,992,366
80$168,386,538$47,702,758$32,400,460$124,512,622
81$185,448,020$49,926,248$33,371,931$136,065,421
82$204,246,183$52,255,100$34,372,356$148,754,517
83$224,958,057$54,694,363$35,402,593$162,694,180
84$247,778,723$57,249,331$36,463,524$178,010,272
85$272,923,158$59,925,553$37,556,057$194,841,422
86$300,628,262$62,728,847$38,681,127$213,340,326
87$331,155,095$65,665,311$39,839,695$233,675,179
88$364,791,342$68,741,338$41,032,752$256,031,254
89$401,854,026$71,963,631$42,261,316$280,612,640
90$442,692,504$75,339,216$43,526,438$307,644,154
91$487,691,762$78,875,460$44,829,196$337,373,459
92$537,276,050$82,580,086$46,170,702$370,073,381
93$591,912,886$86,461,190$47,552,100$406,044,480
94$652,117,473$90,527,260$48,974,567$445,617,871
95$718,457,555$94,787,196$50,439,315$489,158,334
96$791,558,785$99,250,328$51,947,592$537,067,748
97$872,110,625$103,926,438$53,500,680$589,788,866
98$960,872,858$108,825,782$55,099,902$647,809,480
99$1,058,682,757$113,959,113$56,746,616$711,667,013
100$1,166,462,993$119,337,704$58,442,222$781,953,571