Can I retire at age 56 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,240,932
2 years$641,827$629,874$618,289$607,057$596,162$585,069
3 years$423,635$411,630$400,074$388,947$378,230$367,396
4 years$314,560$302,591$291,151$280,215$269,757$259,266
5 years$249,132$237,235$225,945$215,232$205,065$194,947
6 years$205,527$193,720$182,598$172,122$162,261$152,529
7 years$174,394$162,686$151,739$141,511$131,961$122,620
8 years$151,054$139,452$128,687$118,710$109,475$100,524
9 years$132,910$121,418$110,838$101,115$92,194$83,630
10 years$118,404$107,024$96,631$87,162$78,553$70,372
11 years$106,543$95,277$85,073$75,857$67,559$59,754
12 years$96,666$85,516$75,500$66,537$58,545$51,108
13 years$88,315$77,281$67,454$58,742$51,052$43,976
14 years$81,163$70,247$60,608$52,145$44,752$38,027
15 years$74,970$64,171$54,721$46,504$39,403$33,020
16 years$69,557$58,876$49,612$41,639$34,825$28,773
17 years$64,785$54,223$45,145$37,412$30,878$25,147
18 years$60,549$50,104$41,212$33,716$27,455$22,034
19 years$56,763$46,436$37,727$30,465$24,472$19,349
20 years$53,359$43,151$34,624$27,592$21,858$17,024
21 years$50,284$40,193$31,848$25,042$19,561$15,003
22 years$47,492$37,519$29,353$22,769$17,533$13,241
23 years$44,947$35,091$27,102$20,736$15,739$11,700
24 years$42,617$32,878$25,065$18,912$14,147$10,350
25 years$40,477$30,854$23,215$17,272$12,730$9,165
26 years$38,505$28,998$21,531$15,792$11,467$8,122
27 years$36,682$27,290$19,993$14,455$10,338$7,203
28 years$34,992$25,716$18,586$13,244$9,328$6,393
29 years$33,421$24,260$17,296$12,145$8,423$5,677
30 years$31,958$22,911$16,111$11,146$7,611$5,043
31 years$30,592$21,658$15,019$10,237$6,881$4,483
32 years$29,314$20,493$14,013$9,408$6,224$3,986
33 years$28,116$19,407$13,084$8,651$5,633$3,546
34 years$26,991$18,394$12,225$7,960$5,100$3,155
35 years$25,933$17,446$11,430$7,328$4,619$2,808
36 years$24,935$16,559$10,692$6,749$4,185$2,500
37 years$23,994$15,727$10,008$6,218$3,793$2,226
38 years$23,104$14,946$9,372$5,731$3,439$1,983
39 years$22,262$14,213$8,780$5,284$3,119$1,766
40 years$21,464$13,522$8,230$4,874$2,829$1,573
41 years$20,707$12,872$7,717$4,497$2,566$1,402
42 years$19,988$12,259$7,239$4,150$2,329$1,249
43 years$19,305$11,680$6,793$3,831$2,113$1,114
44 years$18,654$11,133$6,376$3,537$1,918$993
45 years$18,034$10,617$5,987$3,267$1,741$885
46 years$17,442$10,128$5,623$3,018$1,581$789
47 years$16,878$9,665$5,283$2,788$1,436$703
48 years$16,338$9,227$4,964$2,576$1,304$627
49 years$15,822$8,811$4,666$2,381$1,184$559
50 years$15,329$8,417$4,387$2,201$1,076$499

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $15,700,000, adding $4,368 every year, while hoping to spend $59,779 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: 55/31/14 Blend
55$15,700,000$15,700,000$15,700,000$15,700,000
56$17,305,906$16,473,806$16,230,456$18,194,269
57$19,007,504$17,217,418$16,710,571$19,542,065
58$20,880,661$17,995,463$17,204,768$21,002,056
59$22,942,814$18,809,566$17,713,453$22,590,424
60$25,213,175$19,661,429$18,237,047$24,319,427
61$27,712,913$20,552,834$18,775,983$26,202,540
62$30,465,357$21,485,649$19,330,705$28,254,574
63$33,496,210$22,461,833$19,901,671$30,491,810
64$36,833,797$23,483,436$20,489,350$32,932,152
65$40,509,329$24,552,609$21,094,228$35,595,285
66$44,557,197$25,671,603$21,716,801$38,502,859
67$49,015,299$26,842,780$22,357,582$41,678,685
68$53,925,396$28,068,612$23,017,097$45,148,956
69$59,333,504$29,351,692$23,695,887$48,942,483
70$65,290,332$30,694,736$24,394,511$53,090,966
71$71,851,759$32,100,590$25,113,539$57,629,280
72$79,079,358$33,572,239$25,853,562$62,595,802
73$87,040,981$35,112,808$26,615,186$68,032,762
74$95,811,400$36,725,574$27,399,033$73,986,632
75$105,473,006$38,413,971$28,205,744$80,508,563
76$116,116,596$40,181,598$29,035,979$87,654,850
77$127,842,219$42,032,227$29,890,415$95,487,459
78$140,760,131$43,969,811$30,769,750$104,074,602
79$154,991,827$45,998,494$31,674,699$113,491,370
80$170,671,191$48,122,619$32,606,000$123,820,428
81$187,945,763$50,346,737$33,564,411$135,152,790
82$206,978,123$52,675,620$34,550,711$147,588,661
83$227,947,433$55,114,267$35,565,701$161,238,373
84$251,051,126$57,667,921$36,610,207$176,223,414
85$276,506,766$60,342,074$37,685,074$192,677,560
86$304,554,108$63,142,487$38,791,175$210,748,125
87$335,457,353$66,075,195$39,929,406$230,597,334
88$369,507,649$69,146,526$41,100,687$252,403,843
89$407,025,835$72,363,111$42,305,966$276,364,407
90$448,365,471$75,731,904$43,546,216$302,695,720
91$493,916,174$79,260,193$44,822,440$331,636,446
92$544,107,297$82,955,616$46,135,665$363,449,448
93$599,411,984$86,826,183$47,486,952$398,424,257
94$660,351,628$90,880,289$48,877,387$436,879,777
95$727,500,805$95,126,734$50,308,091$479,167,282
96$801,492,687$99,574,744$51,780,212$525,673,706
97$883,025,026$104,233,990$53,294,933$576,825,272
98$972,866,735$109,114,613$54,853,470$633,091,493
99$1,071,865,154$114,227,240$56,457,073$694,989,578
100$1,180,954,040$119,583,015$58,107,025$763,089,288