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%14.2%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,238,023
2 years$645,915$633,886$622,227$610,924$599,959$577,975
3 years$426,333$414,251$402,622$391,425$380,639$359,247
4 years$316,563$304,519$293,006$281,999$271,475$250,839
5 years$250,719$238,746$227,385$216,603$206,371$186,551
6 years$206,836$194,954$183,761$173,219$163,294$144,313
7 years$175,504$163,722$152,706$142,413$132,802$114,665
8 years$152,016$140,340$129,507$119,467$110,172$92,874
9 years$133,757$122,191$111,544$101,759$92,781$76,313
10 years$119,158$107,706$97,247$87,717$79,054$63,402
11 years$107,222$95,884$85,614$76,340$67,989$53,135
12 years$97,282$86,060$75,981$66,961$58,918$44,843
13 years$88,877$77,773$67,884$59,116$51,377$38,060
14 years$81,680$70,694$60,994$52,477$45,037$32,454
15 years$75,448$64,580$55,069$46,800$39,654$27,781
16 years$70,000$59,251$49,928$41,904$35,047$23,858
17 years$65,198$54,568$45,433$37,651$31,075$20,544
18 years$60,935$50,423$41,474$33,931$27,630$17,732
19 years$57,124$46,732$37,968$30,659$24,627$15,335
20 years$53,699$43,425$34,845$27,768$21,998$13,284
21 years$50,604$40,449$32,051$25,201$19,685$11,524
22 years$47,795$37,758$29,540$22,914$17,645$10,009
23 years$45,233$35,314$27,275$20,868$15,839$8,703
24 years$42,889$33,087$25,224$19,033$14,237$7,574
25 years$40,735$31,051$23,363$17,382$12,811$6,597
26 years$38,750$29,182$21,668$15,893$11,540$5,750
27 years$36,915$27,464$20,120$14,547$10,404$5,015
28 years$35,215$25,879$18,705$13,328$9,388$4,376
29 years$33,634$24,414$17,406$12,222$8,477$3,820
30 years$32,162$23,057$16,213$11,217$7,659$3,336
31 years$30,787$21,796$15,115$10,302$6,925$2,914
32 years$29,501$20,624$14,103$9,468$6,264$2,547
33 years$28,295$19,531$13,168$8,707$5,669$2,226
34 years$27,163$18,511$12,303$8,011$5,133$1,946
35 years$26,098$17,557$11,503$7,374$4,649$1,702
36 years$25,094$16,664$10,760$6,792$4,212$1,488
37 years$24,147$15,827$10,072$6,258$3,817$1,302
38 years$23,251$15,042$9,432$5,768$3,461$1,139
39 years$22,404$14,303$8,836$5,318$3,138$997
40 years$21,601$13,608$8,282$4,905$2,847$872
41 years$20,839$12,954$7,766$4,526$2,583$763
42 years$20,116$12,337$7,285$4,177$2,343$668
43 years$19,428$11,754$6,836$3,856$2,127$585
44 years$18,773$11,204$6,417$3,560$1,930$512
45 years$18,149$10,684$6,025$3,288$1,753$448
46 years$17,553$10,192$5,659$3,037$1,591$392
47 years$16,985$9,727$5,316$2,806$1,445$343
48 years$16,442$9,285$4,996$2,593$1,312$300
49 years$15,923$8,867$4,696$2,396$1,192$263
50 years$15,426$8,470$4,415$2,215$1,082$230

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 $3,013 every year, while hoping to spend $57,803 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: 48/30/22 Blend
55$15,800,000$15,800,000$15,800,000$15,800,000
56$17,414,708$16,577,308$16,332,408$18,141,842
57$19,129,506$17,328,094$16,818,042$19,400,181
58$21,017,277$18,113,731$17,318,007$20,759,791
59$23,095,601$18,935,867$17,832,722$22,235,041
60$25,383,854$19,796,225$18,362,620$23,836,819
61$27,903,382$20,696,615$18,908,142$25,577,087
62$30,677,708$21,638,931$19,469,747$27,468,990
63$33,732,754$22,625,158$20,047,903$29,526,968
64$37,097,081$23,657,377$20,643,094$31,766,896
65$40,802,162$24,737,767$21,255,816$34,206,220
66$44,882,678$25,868,614$21,886,582$36,864,121
67$49,376,846$27,052,311$22,535,917$39,761,687
68$54,326,778$28,291,367$23,204,364$42,922,106
69$59,778,877$29,588,412$23,892,478$46,370,879
70$65,784,280$30,946,202$24,600,833$50,136,052
71$72,399,335$32,367,624$25,330,019$54,248,474
72$79,686,135$33,855,705$26,080,642$58,742,080
73$87,713,103$35,413,617$26,853,327$63,654,204
74$96,555,640$37,044,684$27,648,713$69,025,923
75$106,296,833$38,752,392$28,467,463$74,902,432
76$117,028,243$40,540,392$29,310,256$81,333,468
77$128,850,764$42,412,511$30,177,790$88,373,764
78$141,875,579$44,372,762$31,070,784$96,083,558
79$156,225,210$46,425,350$31,989,977$104,529,149
80$172,034,671$48,574,681$32,936,130$113,783,515
81$189,452,743$50,825,376$33,910,026$123,926,987
82$208,643,380$53,182,277$34,912,469$135,047,999
83$229,787,256$55,650,459$35,944,288$147,243,904
84$253,083,468$58,235,243$37,006,334$160,621,885
85$278,751,418$60,942,206$38,099,482$175,299,952
86$307,032,882$63,777,194$39,224,634$191,408,039
87$338,194,292$66,746,333$40,382,716$209,089,219
88$372,529,255$69,856,048$41,574,682$228,501,034
89$410,361,317$73,113,073$42,801,511$249,816,971
90$452,047,023$76,524,464$44,064,213$273,228,079
91$497,979,279$80,097,623$45,363,825$298,944,754
92$548,591,065$83,840,306$46,701,412$327,198,709
93$604,359,516$87,760,644$48,078,072$358,245,138
94$665,810,433$91,867,162$49,494,934$392,365,108
95$733,523,240$96,168,795$50,953,157$429,868,188
96$808,136,458$100,674,914$52,453,935$471,095,350
97$890,353,730$105,395,338$53,998,495$516,422,164
98$980,950,466$110,340,365$55,588,100$566,262,318
99$1,080,781,159$115,520,789$57,224,047$621,071,497
100$1,190,787,456$120,947,926$58,907,672$681,351,660