Can I retire at age 56 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,212,320
2 years$645,915$633,886$622,227$610,924$599,959$552,562
3 years$426,333$414,251$402,622$391,425$380,639$334,929
4 years$316,563$304,519$293,006$281,999$271,475$227,801
5 years$250,719$238,746$227,385$216,603$206,371$164,845
6 years$206,836$194,954$183,761$173,219$163,294$123,946
7 years$175,504$163,722$152,706$142,413$132,802$95,620
8 years$152,016$140,340$129,507$119,467$110,172$75,121
9 years$133,757$122,191$111,544$101,759$92,781$59,812
10 years$119,158$107,706$97,247$87,717$79,054$48,106
11 years$107,222$95,884$85,614$76,340$67,989$38,994
12 years$97,282$86,060$75,981$66,961$58,918$31,801
13 years$88,877$77,773$67,884$59,116$51,377$26,062
14 years$81,680$70,694$60,994$52,477$45,037$21,441
15 years$75,448$64,580$55,069$46,800$39,654$17,695
16 years$70,000$59,251$49,928$41,904$35,047$14,641
17 years$65,198$54,568$45,433$37,651$31,075$12,140
18 years$60,935$50,423$41,474$33,931$27,630$10,083
19 years$57,124$46,732$37,968$30,659$24,627$8,386
20 years$53,699$43,425$34,845$27,768$21,998$6,983
21 years$50,604$40,449$32,051$25,201$19,685$5,820
22 years$47,795$37,758$29,540$22,914$17,645$4,855
23 years$45,233$35,314$27,275$20,868$15,839$4,053
24 years$42,889$33,087$25,224$19,033$14,237$3,385
25 years$40,735$31,051$23,363$17,382$12,811$2,828
26 years$38,750$29,182$21,668$15,893$11,540$2,364
27 years$36,915$27,464$20,120$14,547$10,404$1,977
28 years$35,215$25,879$18,705$13,328$9,388$1,653
29 years$33,634$24,414$17,406$12,222$8,477$1,383
30 years$32,162$23,057$16,213$11,217$7,659$1,157
31 years$30,787$21,796$15,115$10,302$6,925$968
32 years$29,501$20,624$14,103$9,468$6,264$811
33 years$28,295$19,531$13,168$8,707$5,669$678
34 years$27,163$18,511$12,303$8,011$5,133$568
35 years$26,098$17,557$11,503$7,374$4,649$475
36 years$25,094$16,664$10,760$6,792$4,212$398
37 years$24,147$15,827$10,072$6,258$3,817$333
38 years$23,251$15,042$9,432$5,768$3,461$279
39 years$22,404$14,303$8,836$5,318$3,138$234
40 years$21,601$13,608$8,282$4,905$2,847$196
41 years$20,839$12,954$7,766$4,526$2,583$164
42 years$20,116$12,337$7,285$4,177$2,343$137
43 years$19,428$11,754$6,836$3,856$2,127$115
44 years$18,773$11,204$6,417$3,560$1,930$96
45 years$18,149$10,684$6,025$3,288$1,753$81
46 years$17,553$10,192$5,659$3,037$1,591$68
47 years$16,985$9,727$5,316$2,806$1,445$57
48 years$16,442$9,285$4,996$2,593$1,312$47
49 years$15,923$8,867$4,696$2,396$1,192$40
50 years$15,426$8,470$4,415$2,215$1,082$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $15,800,000, adding $3,021 every year, while hoping to spend $32,380 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: 60/17/23 Blend
55$15,800,000$15,800,000$15,800,000$15,800,000
56$17,414,716$16,577,316$16,332,416$18,352,899
57$19,156,565$17,355,153$16,845,100$19,768,091
58$21,074,997$18,170,018$17,373,874$21,307,649
59$23,187,990$19,023,692$17,919,242$22,986,719
60$25,515,354$19,918,041$18,481,725$24,818,855
61$28,078,918$20,855,023$19,061,860$26,818,968
62$30,902,736$21,836,688$19,660,201$29,003,461
63$34,013,317$22,865,187$20,277,320$31,390,379
64$37,439,870$23,942,776$20,913,804$33,999,579
65$41,214,583$25,071,818$21,570,263$36,852,909
66$45,372,925$26,254,792$22,247,322$39,974,413
67$49,953,984$27,494,298$22,945,628$43,390,551
68$55,000,831$28,793,059$23,665,847$47,130,449
69$60,560,930$30,153,933$24,408,667$51,226,161
70$66,686,585$31,579,916$25,174,797$55,712,974
71$73,435,432$33,074,147$25,964,969$60,629,731
72$80,870,987$34,639,921$26,779,935$66,019,195
73$89,063,240$36,280,689$27,620,475$71,928,445
74$98,089,320$38,000,072$28,487,391$78,409,315
75$108,034,221$39,801,867$29,381,509$85,518,876
76$118,991,606$41,690,053$30,303,684$93,319,971
77$131,064,688$43,668,803$31,254,796$101,881,799
78$144,367,206$45,742,495$32,235,752$111,280,559
79$159,024,500$47,915,716$33,247,488$121,600,168
80$175,174,691$50,193,277$34,290,970$132,933,038
81$192,969,986$52,580,225$35,367,195$145,380,947
82$212,578,117$55,081,848$36,477,188$159,055,985
83$234,183,921$57,703,695$37,622,010$174,081,608
84$257,991,086$60,451,581$38,802,752$190,593,792
85$284,224,074$63,331,606$40,020,543$208,742,308
86$313,130,242$66,350,167$41,276,542$228,692,123
87$344,982,170$69,513,969$42,571,951$250,624,950
88$380,080,244$72,830,046$43,908,003$274,740,951
89$418,755,483$76,305,772$45,285,976$301,260,615
90$461,372,669$79,948,881$46,707,182$330,426,828
91$508,333,787$83,767,483$48,172,979$362,507,151
92$560,081,824$87,770,080$49,684,765$397,796,336
93$617,104,948$91,965,592$51,243,982$436,619,093
94$679,941,116$96,363,369$52,852,119$479,333,141
95$749,183,154$100,973,219$54,510,709$526,332,571
96$825,484,354$105,805,424$56,221,335$578,051,548
97$909,564,638$110,870,770$57,985,630$634,968,397
98$1,002,217,359$116,180,565$59,805,276$697,610,101
99$1,104,316,786$121,746,670$61,682,010$766,557,254
100$1,216,826,363$127,581,522$63,617,623$842,449,529