Can I retire at age 56 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,205,111
2 years$637,739$625,862$614,351$603,190$592,365$553,565
3 years$420,936$409,008$397,526$386,470$375,821$338,293
4 years$312,556$300,664$289,297$278,430$268,038$232,071
5 years$247,545$235,724$224,506$213,861$203,758$169,448
6 years$204,218$192,487$181,434$171,026$161,227$128,602
7 years$173,283$161,650$150,773$140,610$131,121$100,180
8 years$150,092$138,564$127,867$117,954$108,777$79,500
9 years$132,064$120,645$110,132$100,471$91,606$63,960
10 years$117,650$106,342$96,016$86,607$78,053$51,997
11 years$105,864$94,670$84,531$75,374$67,128$42,615
12 years$96,050$84,971$75,019$66,113$58,172$35,150
13 years$87,752$76,789$67,024$58,368$50,727$29,142
14 years$80,646$69,799$60,222$51,813$44,467$24,261
15 years$74,493$63,763$54,372$46,208$39,152$20,266
16 years$69,114$58,501$49,296$41,374$34,603$16,976
17 years$64,373$53,877$44,858$37,174$30,681$14,252
18 years$60,163$49,785$40,949$33,501$27,280$11,989
19 years$56,401$46,140$37,487$30,271$24,316$10,100
20 years$53,019$42,876$34,404$27,417$21,719$8,521
21 years$49,964$39,937$31,645$24,882$19,436$7,196
22 years$47,190$37,280$29,166$22,624$17,422$6,083
23 years$44,661$34,867$26,929$20,604$15,639$5,146
24 years$42,346$32,668$24,905$18,792$14,057$4,357
25 years$40,219$30,657$23,067$17,162$12,649$3,690
26 years$38,260$28,813$21,394$15,692$11,394$3,127
27 years$36,448$27,116$19,866$14,363$10,272$2,651
28 years$34,769$25,552$18,468$13,160$9,269$2,248
29 years$33,209$24,105$17,186$12,068$8,369$1,907
30 years$31,755$22,765$16,008$11,075$7,562$1,618
31 years$30,398$21,520$14,924$10,172$6,837$1,373
32 years$29,128$20,362$13,924$9,348$6,185$1,166
33 years$27,937$19,284$13,001$8,596$5,597$989
34 years$26,819$18,277$12,147$7,909$5,068$840
35 years$25,768$17,335$11,357$7,281$4,590$713
36 years$24,776$16,453$10,624$6,706$4,159$606
37 years$23,841$15,627$9,944$6,178$3,769$514
38 years$22,957$14,851$9,312$5,695$3,417$437
39 years$22,120$14,122$8,725$5,251$3,099$371
40 years$21,328$13,436$8,177$4,843$2,811$315
41 years$20,576$12,790$7,668$4,468$2,550$268
42 years$19,861$12,181$7,193$4,124$2,314$227
43 years$19,182$11,606$6,749$3,807$2,100$193
44 years$18,535$11,063$6,335$3,515$1,906$164
45 years$17,919$10,549$5,949$3,246$1,730$139
46 years$17,331$10,063$5,587$2,998$1,571$118
47 years$16,770$9,604$5,249$2,770$1,427$101
48 years$16,234$9,168$4,933$2,560$1,296$85
49 years$15,722$8,755$4,636$2,366$1,177$73
50 years$15,231$8,363$4,359$2,187$1,069$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $15,600,000, adding $4,077 every year, while hoping to spend $51,335 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: 44/41/15 Blend
55$15,600,000$15,600,000$15,600,000$15,600,000
56$17,195,405$16,368,605$16,126,805$17,877,445
57$18,894,717$17,116,047$16,612,433$19,102,277
58$20,765,637$17,898,393$17,112,609$20,423,588
59$22,825,617$18,717,299$17,627,766$21,854,620
60$25,093,884$19,574,500$18,158,351$23,405,514
61$27,591,626$20,471,817$18,704,821$25,087,394
62$30,342,190$21,411,154$19,267,651$26,912,476
63$33,371,302$22,394,509$19,847,326$28,894,168
64$36,707,311$23,423,977$20,444,348$31,047,194
65$40,381,456$24,501,750$21,059,232$33,387,725
66$44,428,158$25,630,130$21,692,510$35,933,523
67$48,885,349$26,811,525$22,344,728$38,704,102
68$53,794,828$28,048,463$23,016,450$41,720,902
69$59,202,653$29,343,591$23,708,254$45,007,486
70$65,159,581$30,699,683$24,420,737$48,589,751
71$71,721,540$32,119,649$25,154,514$52,496,160
72$78,950,162$33,606,538$25,910,216$56,758,010
73$86,913,365$35,163,545$26,688,494$61,409,705
74$95,685,988$36,794,018$27,490,019$66,489,079
75$105,350,504$38,501,470$28,315,479$72,037,738
76$115,997,794$40,289,581$29,165,586$78,101,443
77$127,728,006$42,162,207$30,041,070$84,730,525
78$140,651,500$44,123,392$30,942,683$91,980,351
79$154,889,890$46,177,376$31,871,201$99,911,834
80$170,577,193$48,328,601$32,827,419$108,591,990
81$187,861,089$50,581,725$33,812,160$118,094,557
82$206,904,320$52,941,630$34,826,268$128,500,676
83$227,886,225$55,413,434$35,870,613$139,899,642
84$251,004,431$58,002,504$36,946,089$152,389,726
85$276,476,720$60,714,463$38,053,619$166,079,088
86$304,543,081$63,555,207$39,194,152$181,086,779
87$335,467,982$66,530,919$40,368,662$197,543,844
88$369,542,860$69,648,078$41,578,157$215,594,537
89$407,088,876$72,913,478$42,823,669$235,397,665
90$448,459,944$76,334,241$44,106,264$257,128,064
91$494,046,072$79,917,833$45,427,039$280,978,221
92$544,277,048$83,672,083$46,787,120$307,160,074
93$599,626,488$87,605,196$48,187,670$335,906,980
94$660,616,316$91,725,777$49,629,884$367,475,896
95$727,821,687$96,042,847$51,114,991$402,149,773
96$801,876,414$100,565,862$52,644,259$440,240,198
97$883,478,956$105,304,737$54,218,989$482,090,308
98$973,399,009$110,269,868$55,840,525$528,077,992
99$1,072,484,771$115,472,155$57,510,245$578,619,425
100$1,181,670,952$120,923,024$59,229,572$634,172,966