Can I retire at age 56 with 15,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,196,427
2 years$633,651$621,850$610,413$599,324$588,568$549,072
3 years$418,238$406,386$394,978$383,993$373,411$335,224
4 years$310,552$298,737$287,443$276,645$266,320$229,733
5 years$245,958$234,213$223,067$212,490$202,452$167,564
6 years$202,909$191,253$180,271$169,930$160,194$127,034
7 years$172,172$160,614$149,806$139,709$130,280$98,845
8 years$149,130$137,676$127,048$117,198$108,080$78,348
9 years$131,217$119,871$109,426$99,827$91,019$62,956
10 years$116,896$105,661$95,400$86,052$77,553$51,117
11 years$105,186$94,064$83,989$74,891$66,698$41,840
12 years$95,434$84,426$74,538$65,689$57,799$34,465
13 years$87,190$76,297$66,595$57,994$50,402$28,535
14 years$80,129$69,352$59,836$51,480$44,182$23,723
15 years$74,015$63,354$54,024$45,911$38,901$19,789
16 years$68,671$58,126$48,980$41,109$34,381$16,552
17 years$63,960$53,532$44,570$36,936$30,485$13,876
18 years$59,778$49,466$40,687$33,287$27,106$11,655
19 years$56,040$45,845$37,247$30,077$24,160$9,804
20 years$52,680$42,601$34,183$27,241$21,580$8,258
21 years$49,644$39,681$31,442$24,723$19,312$6,964
22 years$46,887$37,041$28,979$22,479$17,310$5,878
23 years$44,374$34,644$26,757$20,472$15,539$4,964
24 years$42,074$32,459$24,745$18,671$13,966$4,196
25 years$39,961$30,461$22,919$17,052$12,568$3,548
26 years$38,014$28,628$21,256$15,591$11,320$3,002
27 years$36,214$26,943$19,738$14,271$10,206$2,541
28 years$34,546$25,388$18,349$13,075$9,209$2,151
29 years$32,996$23,951$17,076$11,990$8,316$1,822
30 years$31,551$22,619$15,905$11,004$7,514$1,543
31 years$30,203$21,382$14,828$10,106$6,793$1,308
32 years$28,941$20,232$13,835$9,288$6,145$1,108
33 years$27,758$19,160$12,918$8,541$5,561$939
34 years$26,647$18,159$12,070$7,859$5,035$796
35 years$25,602$17,224$11,284$7,234$4,560$675
36 years$24,618$16,348$10,556$6,663$4,132$572
37 years$23,688$15,527$9,880$6,139$3,745$485
38 years$22,810$14,756$9,252$5,658$3,395$411
39 years$21,979$14,031$8,669$5,217$3,079$349
40 years$21,191$13,350$8,125$4,812$2,793$296
41 years$20,444$12,708$7,619$4,440$2,534$251
42 years$19,734$12,102$7,147$4,097$2,299$213
43 years$19,059$11,531$6,706$3,782$2,086$180
44 years$18,416$10,992$6,295$3,492$1,894$153
45 years$17,804$10,482$5,911$3,225$1,719$130
46 years$17,220$9,999$5,551$2,979$1,561$110
47 years$16,663$9,542$5,216$2,752$1,417$93
48 years$16,130$9,109$4,901$2,543$1,287$79
49 years$15,621$8,699$4,607$2,351$1,169$67
50 years$15,133$8,309$4,331$2,173$1,062$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $15,500,000, adding $6,766 every year, while hoping to spend $43,000 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: 44/43/13 Blend
55$15,500,000$15,500,000$15,500,000$15,500,000
56$17,087,979$16,266,479$16,026,229$17,775,653
57$18,785,201$17,017,785$16,517,356$19,007,187
58$20,654,099$17,804,464$17,023,495$20,336,328
59$22,712,138$18,628,203$17,545,102$21,775,979
60$24,978,563$19,490,772$18,082,650$23,336,333
61$27,474,582$20,394,025$18,636,625$25,028,573
62$30,223,563$21,339,906$19,207,526$26,864,976
63$33,251,258$22,330,453$19,795,869$28,859,016
64$36,586,041$23,367,800$20,402,185$31,025,485
65$40,259,182$24,454,187$21,027,023$33,380,630
66$44,305,136$25,591,960$21,670,946$35,942,291
67$48,761,872$26,783,578$22,334,535$38,730,067
68$53,671,230$28,031,620$23,018,389$41,765,489
69$59,079,315$29,338,789$23,723,125$45,072,213
70$65,036,934$30,707,919$24,449,378$48,676,240
71$71,600,073$32,141,979$25,197,805$52,606,143
72$78,830,428$33,644,084$25,969,078$56,893,332
73$86,795,985$35,217,496$26,763,895$61,572,339
74$95,571,660$36,865,639$27,582,971$66,681,130
75$105,240,013$38,592,099$28,427,044$72,261,452
76$115,892,020$40,400,637$29,296,875$78,359,218
77$127,627,933$42,295,195$30,193,247$85,024,920
78$140,558,229$44,279,907$31,116,968$92,314,101
79$154,804,651$46,359,105$32,068,870$100,287,858
80$170,501,358$48,537,333$33,049,809$109,013,404
81$187,796,187$50,819,353$34,060,668$118,564,693
82$206,852,055$53,210,158$35,102,357$129,023,092
83$227,848,492$55,714,983$36,175,814$140,478,140
84$250,983,338$58,339,317$37,282,003$153,028,371
85$276,474,608$61,088,914$38,421,921$166,782,227
86$304,562,554$63,969,806$39,596,591$181,859,058
87$335,511,927$66,988,320$40,807,069$198,390,235
88$369,614,483$70,151,087$42,054,445$216,520,359
89$407,191,730$73,465,059$43,339,839$236,408,612
90$448,597,968$76,937,529$44,664,405$258,230,231
91$494,223,631$80,576,139$46,029,333$282,178,137
92$544,498,976$84,388,903$47,435,850$308,464,734
93$599,898,138$88,384,227$48,885,218$337,323,880
94$660,943,614$92,570,919$50,378,738$369,013,073
95$728,211,187$96,958,219$51,917,751$403,815,846
96$802,335,370$101,555,814$53,503,637$442,044,418
97$884,015,389$106,373,860$55,137,820$484,042,602
98$974,021,787$111,423,007$56,821,765$530,189,020
99$1,073,203,697$116,714,422$58,556,982$580,900,640
100$1,182,496,861$122,259,815$60,345,028$636,636,675