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

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,210,541
2 years$633,651$621,850$610,413$599,324$588,568$563,043
3 years$418,238$406,386$394,978$383,993$373,411$348,608
4 years$310,552$298,737$287,443$276,645$266,320$242,430
5 years$245,958$234,213$223,067$212,490$202,452$179,542
6 years$202,909$191,253$180,271$169,930$160,194$138,289
7 years$172,172$160,614$149,806$139,709$130,280$109,385
8 years$149,130$137,676$127,048$117,198$108,080$88,188
9 years$131,217$119,871$109,426$99,827$91,019$72,117
10 years$116,896$105,661$95,400$86,052$77,553$59,622
11 years$105,186$94,064$83,989$74,891$66,698$49,716
12 years$95,434$84,426$74,538$65,689$57,799$41,740
13 years$87,190$76,297$66,595$57,994$50,402$35,239
14 years$80,129$69,352$59,836$51,480$44,182$29,886
15 years$74,015$63,354$54,024$45,911$38,901$25,442
16 years$68,671$58,126$48,980$41,109$34,381$21,726
17 years$63,960$53,532$44,570$36,936$30,485$18,602
18 years$59,778$49,466$40,687$33,287$27,106$15,963
19 years$56,040$45,845$37,247$30,077$24,160$13,723
20 years$52,680$42,601$34,183$27,241$21,580$11,817
21 years$49,644$39,681$31,442$24,723$19,312$10,189
22 years$46,887$37,041$28,979$22,479$17,310$8,796
23 years$44,374$34,644$26,757$20,472$15,539$7,600
24 years$42,074$32,459$24,745$18,671$13,966$6,573
25 years$39,961$30,461$22,919$17,052$12,568$5,689
26 years$38,014$28,628$21,256$15,591$11,320$4,927
27 years$36,214$26,943$19,738$14,271$10,206$4,269
28 years$34,546$25,388$18,349$13,075$9,209$3,701
29 years$32,996$23,951$17,076$11,990$8,316$3,210
30 years$31,551$22,619$15,905$11,004$7,514$2,784
31 years$30,203$21,382$14,828$10,106$6,793$2,416
32 years$28,941$20,232$13,835$9,288$6,145$2,098
33 years$27,758$19,160$12,918$8,541$5,561$1,821
34 years$26,647$18,159$12,070$7,859$5,035$1,582
35 years$25,602$17,224$11,284$7,234$4,560$1,374
36 years$24,618$16,348$10,556$6,663$4,132$1,193
37 years$23,688$15,527$9,880$6,139$3,745$1,037
38 years$22,810$14,756$9,252$5,658$3,395$901
39 years$21,979$14,031$8,669$5,217$3,079$783
40 years$21,191$13,350$8,125$4,812$2,793$680
41 years$20,444$12,708$7,619$4,440$2,534$591
42 years$19,734$12,102$7,147$4,097$2,299$514
43 years$19,059$11,531$6,706$3,782$2,086$447
44 years$18,416$10,992$6,295$3,492$1,894$388
45 years$17,804$10,482$5,911$3,225$1,719$338
46 years$17,220$9,999$5,551$2,979$1,561$294
47 years$16,663$9,542$5,216$2,752$1,417$255
48 years$16,130$9,109$4,901$2,543$1,287$222
49 years$15,621$8,699$4,607$2,351$1,169$193
50 years$15,133$8,309$4,331$2,173$1,062$168

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 $3,184 every year, while hoping to spend $56,842 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: 88/6/6 Blend
55$15,500,000$15,500,000$15,500,000$15,500,000
56$17,084,284$16,262,784$16,022,534$18,584,481
57$18,766,402$16,999,181$16,498,810$20,297,654
58$20,618,190$17,769,757$16,989,135$22,172,529
59$22,656,896$18,576,125$17,493,922$24,231,825
60$24,901,523$19,419,978$18,013,591$26,494,103
61$27,373,011$20,303,090$18,548,579$28,979,809
62$30,094,433$21,227,317$19,099,332$31,711,463
63$33,091,217$22,194,607$19,666,311$34,713,874
64$36,391,377$23,206,999$20,249,989$38,014,369
65$40,025,787$24,266,631$20,850,853$41,643,051
66$44,028,465$25,375,744$21,469,404$45,633,083
67$48,436,897$26,536,684$22,106,158$50,020,998
68$53,292,392$27,751,913$22,761,646$54,847,042
69$58,640,468$29,024,009$23,436,413$60,155,554
70$64,531,283$30,355,673$24,131,020$65,995,380
71$71,020,111$31,749,737$24,846,046$72,420,337
72$78,167,858$33,209,170$25,582,084$79,489,713
73$86,041,641$34,737,081$26,339,746$87,268,830
74$94,715,421$36,336,731$27,119,660$95,829,656
75$104,270,699$38,011,536$27,922,474$105,251,482
76$114,797,286$39,765,077$28,748,852$115,621,672
77$126,394,151$41,601,107$29,599,480$127,036,480
78$139,170,354$43,523,560$30,475,062$139,601,960
79$153,246,075$45,536,560$31,376,322$153,434,963
80$168,753,750$47,644,427$32,304,004$168,664,238
81$185,839,321$49,851,692$33,258,876$185,431,646
82$204,663,609$52,163,102$34,241,726$203,893,494
83$225,403,838$54,583,635$35,253,365$224,222,010
84$248,255,304$57,118,508$36,294,627$246,606,965
85$273,433,217$59,773,187$37,366,370$271,257,460
86$301,174,738$62,553,406$38,469,476$298,403,898
87$331,741,211$65,465,172$39,604,853$328,300,155
88$365,420,633$68,514,785$40,773,434$361,225,976
89$402,530,375$71,708,846$41,976,181$397,489,607
90$443,420,169$75,054,276$43,214,080$437,430,705
91$488,475,422$78,558,331$44,488,147$481,423,539
92$538,120,842$82,228,616$45,799,426$529,880,519
93$592,824,453$86,073,104$47,148,993$583,256,086
94$653,102,015$90,100,153$48,537,951$642,050,997
95$719,521,886$94,318,526$49,967,438$706,817,047
96$792,710,393$98,737,409$51,438,622$778,162,272
97$873,357,742$103,366,431$52,952,705$856,756,689
98$962,224,534$108,215,688$54,510,922$943,338,610
99$1,060,148,944$113,295,764$56,114,546$1,038,721,610
100$1,168,054,635$118,617,755$57,764,882$1,143,802,200