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%11.7%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,250,926
2 years$645,915$633,886$622,227$610,924$599,959$590,895
3 years$426,333$414,251$402,622$391,425$380,639$371,780
4 years$316,563$304,519$293,006$281,999$271,475$262,890
5 years$250,719$238,746$227,385$216,603$206,371$198,085
6 years$206,836$194,954$183,761$173,219$163,294$155,318
7 years$175,504$163,722$152,706$142,413$132,802$125,139
8 years$152,016$140,340$129,507$119,467$110,172$102,823
9 years$133,757$122,191$111,544$101,759$92,781$85,743
10 years$119,158$107,706$97,247$87,717$79,054$72,324
11 years$107,222$95,884$85,614$76,340$67,989$61,562
12 years$97,282$86,060$75,981$66,961$58,918$52,788
13 years$88,877$77,773$67,884$59,116$51,377$45,538
14 years$81,680$70,694$60,994$52,477$45,037$39,482
15 years$75,448$64,580$55,069$46,800$39,654$34,375
16 years$70,000$59,251$49,928$41,904$35,047$30,035
17 years$65,198$54,568$45,433$37,651$31,075$26,323
18 years$60,935$50,423$41,474$33,931$27,630$23,130
19 years$57,124$46,732$37,968$30,659$24,627$20,370
20 years$53,699$43,425$34,845$27,768$21,998$17,975
21 years$50,604$40,449$32,051$25,201$19,685$15,888
22 years$47,795$37,758$29,540$22,914$17,645$14,064
23 years$45,233$35,314$27,275$20,868$15,839$12,465
24 years$42,889$33,087$25,224$19,033$14,237$11,061
25 years$40,735$31,051$23,363$17,382$12,811$9,824
26 years$38,750$29,182$21,668$15,893$11,540$8,734
27 years$36,915$27,464$20,120$14,547$10,404$7,770
28 years$35,215$25,879$18,705$13,328$9,388$6,918
29 years$33,634$24,414$17,406$12,222$8,477$6,163
30 years$32,162$23,057$16,213$11,217$7,659$5,493
31 years$30,787$21,796$15,115$10,302$6,925$4,899
32 years$29,501$20,624$14,103$9,468$6,264$4,370
33 years$28,295$19,531$13,168$8,707$5,669$3,900
34 years$27,163$18,511$12,303$8,011$5,133$3,482
35 years$26,098$17,557$11,503$7,374$4,649$3,109
36 years$25,094$16,664$10,760$6,792$4,212$2,778
37 years$24,147$15,827$10,072$6,258$3,817$2,482
38 years$23,251$15,042$9,432$5,768$3,461$2,218
39 years$22,404$14,303$8,836$5,318$3,138$1,982
40 years$21,601$13,608$8,282$4,905$2,847$1,772
41 years$20,839$12,954$7,766$4,526$2,583$1,585
42 years$20,116$12,337$7,285$4,177$2,343$1,417
43 years$19,428$11,754$6,836$3,856$2,127$1,267
44 years$18,773$11,204$6,417$3,560$1,930$1,134
45 years$18,149$10,684$6,025$3,288$1,753$1,014
46 years$17,553$10,192$5,659$3,037$1,591$907
47 years$16,985$9,727$5,316$2,806$1,445$812
48 years$16,442$9,285$4,996$2,593$1,312$726
49 years$15,923$8,867$4,696$2,396$1,192$650
50 years$15,426$8,470$4,415$2,215$1,082$581

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 $4,210 every year, while hoping to spend $27,285 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: 32/46/22 Blend
55$15,800,000$15,800,000$15,800,000$15,800,000
56$17,415,943$16,578,543$16,333,643$17,854,877
57$19,163,338$17,361,860$16,851,789$18,968,958
58$21,088,053$18,182,646$17,386,378$20,165,359
59$23,208,145$19,042,707$17,937,933$21,453,468
60$25,543,514$19,943,938$18,506,992$22,841,340
61$28,116,087$20,888,325$19,094,111$24,337,793
62$30,950,028$21,877,952$19,699,863$25,952,483
63$34,071,962$22,915,003$20,324,840$27,695,988
64$37,511,232$24,001,768$20,969,652$29,579,900
65$41,300,171$25,140,649$21,634,929$31,616,922
66$45,474,410$26,334,162$22,321,320$33,820,982
67$50,073,213$27,584,949$23,029,497$36,207,352
68$55,139,847$28,895,777$23,760,151$38,792,784
69$60,721,990$30,269,550$24,513,996$41,595,653
70$66,872,186$31,709,311$25,291,768$44,636,125
71$73,648,333$33,218,251$26,094,226$47,936,331
72$81,114,236$34,799,718$26,922,155$51,520,562
73$89,340,204$36,457,220$27,776,363$55,415,491
74$98,403,719$38,194,438$28,657,686$59,650,406
75$108,390,163$40,015,231$29,566,983$64,257,475
76$119,393,627$41,923,644$30,505,144$69,272,032
77$131,517,795$43,923,920$31,473,085$74,732,896
78$144,876,928$46,020,510$32,471,751$80,682,722
79$159,596,938$48,218,079$33,502,118$87,168,385
80$175,816,581$50,521,520$34,565,194$94,241,407
81$193,688,760$52,935,963$35,662,016$101,958,419
82$213,381,977$55,466,788$36,793,657$110,381,681
83$235,081,916$58,119,638$37,961,222$119,579,647
84$258,993,201$60,900,430$39,165,852$129,627,591
85$285,341,325$63,815,368$40,408,725$140,608,292
86$314,374,777$66,870,958$41,691,055$152,612,793
87$346,367,394$70,074,025$43,014,095$165,741,237
88$381,620,939$73,431,723$44,379,138$180,103,785
89$420,467,954$76,951,556$45,787,518$195,821,630
90$463,274,897$80,641,395$47,240,612$213,028,110
91$510,445,604$84,509,490$48,739,840$231,869,937
92$562,425,097$88,564,497$50,286,666$252,508,555
93$619,703,792$92,815,492$51,882,604$275,121,626
94$682,822,120$97,271,993$53,529,213$299,904,678
95$752,375,637$101,943,981$55,228,102$327,072,908
96$829,020,641$106,841,925$56,980,932$356,863,183
97$913,480,370$111,976,803$58,789,417$389,536,232
98$1,006,551,829$117,360,128$60,655,324$425,379,071
99$1,109,113,316$123,003,974$62,580,478$464,707,661
100$1,222,132,710$128,921,005$64,566,760$507,869,856