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

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,199,352
2 years$637,739$625,862$614,351$603,190$592,365$547,899
3 years$420,936$409,008$397,526$386,470$375,821$332,902
4 years$312,556$300,664$289,297$278,430$268,038$226,994
5 years$247,545$235,724$224,506$213,861$203,758$164,695
6 years$204,218$192,487$181,434$171,026$161,227$124,175
7 years$173,283$161,650$150,773$140,610$131,121$96,071
8 years$150,092$138,564$127,867$117,954$108,777$75,700
9 years$132,064$120,645$110,132$100,471$91,606$60,457
10 years$117,650$106,342$96,016$86,607$78,053$48,779
11 years$105,864$94,670$84,531$75,374$67,128$39,669
12 years$96,050$84,971$75,019$66,113$58,172$32,460
13 years$87,752$76,789$67,024$58,368$50,727$26,693
14 years$80,646$69,799$60,222$51,813$44,467$22,037
15 years$74,493$63,763$54,372$46,208$39,152$18,252
16 years$69,114$58,501$49,296$41,374$34,603$15,157
17 years$64,373$53,877$44,858$37,174$30,681$12,613
18 years$60,163$49,785$40,949$33,501$27,280$10,515
19 years$56,401$46,140$37,487$30,271$24,316$8,779
20 years$53,019$42,876$34,404$27,417$21,719$7,339
21 years$49,964$39,937$31,645$24,882$19,436$6,140
22 years$47,190$37,280$29,166$22,624$17,422$5,142
23 years$44,661$34,867$26,929$20,604$15,639$4,309
24 years$42,346$32,668$24,905$18,792$14,057$3,613
25 years$40,219$30,657$23,067$17,162$12,649$3,031
26 years$38,260$28,813$21,394$15,692$11,394$2,544
27 years$36,448$27,116$19,866$14,363$10,272$2,136
28 years$34,769$25,552$18,468$13,160$9,269$1,794
29 years$33,209$24,105$17,186$12,068$8,369$1,507
30 years$31,755$22,765$16,008$11,075$7,562$1,266
31 years$30,398$21,520$14,924$10,172$6,837$1,064
32 years$29,128$20,362$13,924$9,348$6,185$894
33 years$27,937$19,284$13,001$8,596$5,597$751
34 years$26,819$18,277$12,147$7,909$5,068$632
35 years$25,768$17,335$11,357$7,281$4,590$531
36 years$24,776$16,453$10,624$6,706$4,159$446
37 years$23,841$15,627$9,944$6,178$3,769$375
38 years$22,957$14,851$9,312$5,695$3,417$316
39 years$22,120$14,122$8,725$5,251$3,099$265
40 years$21,328$13,436$8,177$4,843$2,811$223
41 years$20,576$12,790$7,668$4,468$2,550$188
42 years$19,861$12,181$7,193$4,124$2,314$158
43 years$19,182$11,606$6,749$3,807$2,100$133
44 years$18,535$11,063$6,335$3,515$1,906$112
45 years$17,919$10,549$5,949$3,246$1,730$94
46 years$17,331$10,063$5,587$2,998$1,571$79
47 years$16,770$9,604$5,249$2,770$1,427$66
48 years$16,234$9,168$4,933$2,560$1,296$56
49 years$15,722$8,755$4,636$2,366$1,177$47
50 years$15,231$8,363$4,359$2,187$1,069$39

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 $6,338 every year, while hoping to spend $42,519 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: 33/44/23 Blend
55$15,600,000$15,600,000$15,600,000$15,600,000
56$17,197,738$16,370,938$16,129,138$17,643,865
57$18,906,667$17,127,874$16,624,224$18,735,648
58$20,788,482$17,920,475$17,134,470$19,907,199
59$22,860,772$18,750,443$17,660,340$21,168,983
60$25,142,920$19,619,564$18,202,311$22,528,985
61$27,656,283$20,529,707$18,760,873$23,995,951
62$30,424,395$21,482,834$19,336,534$25,579,467
63$33,473,191$22,481,001$19,929,815$27,290,037
64$36,831,247$23,526,361$20,541,255$29,139,174
65$40,530,055$24,621,173$21,171,407$31,139,506
66$44,604,315$25,767,804$21,820,843$33,304,880
67$49,092,265$26,968,737$22,490,152$35,650,486
68$54,036,043$28,226,572$23,179,939$38,192,995
69$59,482,082$29,544,036$23,890,829$40,950,699
70$65,481,549$30,923,989$24,623,467$43,943,678
71$72,090,829$32,369,426$25,378,515$47,193,978
72$79,372,056$33,883,490$26,156,658$50,725,807
73$87,393,698$35,469,475$26,958,599$54,565,753
74$96,231,208$37,130,831$27,785,064$58,743,019
75$105,967,729$38,871,180$28,636,802$63,289,692
76$116,694,885$40,694,315$29,514,582$68,241,026
77$128,513,642$42,604,216$30,419,199$73,635,762
78$141,535,263$44,605,051$31,351,471$79,516,483
79$155,882,355$46,701,194$32,312,241$85,929,994
80$171,690,031$48,897,229$33,302,378$92,927,753
81$189,107,183$51,197,961$34,322,775$100,566,337
82$208,297,883$53,608,429$35,374,356$108,907,957
83$229,442,941$56,133,916$36,458,071$118,021,032
84$252,741,603$58,779,960$37,574,899$127,980,808
85$278,413,437$61,552,368$38,725,847$138,870,053
86$306,700,401$64,457,227$39,911,957$150,779,815
87$337,869,133$67,500,922$41,134,298$163,810,261
88$372,213,461$70,690,145$42,393,975$178,071,596
89$410,057,185$74,031,912$43,692,123$193,685,081
90$451,757,123$77,533,582$45,029,915$210,784,153
91$497,706,490$81,202,867$46,408,557$229,515,655
92$548,338,601$85,047,857$47,829,293$250,041,196
93$604,130,968$89,077,032$49,293,404$272,538,646
94$665,609,805$93,299,284$50,802,211$297,203,787
95$733,354,993$97,723,937$52,357,073$324,252,126
96$808,005,560$102,360,767$53,959,393$353,920,897
97$890,265,707$107,220,026$55,610,613$386,471,265
98$980,911,463$112,312,460$57,312,222$422,190,756
99$1,080,798,003$117,649,342$59,065,752$461,395,929
100$1,190,867,728$123,242,488$60,872,783$504,435,328