Can I retire at age 56 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,225,342
2 years$650,004$637,898$626,165$614,790$603,756$561,311
3 years$429,031$416,873$405,171$393,902$383,048$342,036
4 years$318,567$306,446$294,860$283,784$273,193$233,929
5 years$252,305$240,257$228,824$217,973$207,677$170,265
6 years$208,146$196,188$184,924$174,315$164,328$128,798
7 years$176,615$164,759$153,672$143,314$133,642$99,990
8 years$152,978$141,229$130,326$120,223$110,869$79,068
9 years$134,604$122,965$112,250$102,403$93,368$63,380
10 years$119,912$108,387$97,862$88,272$79,554$51,331
11 years$107,900$96,491$86,156$76,823$68,419$41,907
12 years$97,897$86,605$76,461$67,384$59,291$34,429
13 years$89,440$78,266$68,313$59,490$51,703$28,428
14 years$82,197$71,141$61,380$52,809$45,322$23,568
15 years$75,925$64,989$55,418$47,096$39,905$19,604
16 years$70,443$59,626$50,244$42,170$35,268$16,350
17 years$65,611$54,913$45,720$37,889$31,271$13,667
18 years$61,320$50,742$41,737$34,146$27,805$11,445
19 years$57,486$47,028$38,208$30,854$24,783$9,598
20 years$54,039$43,700$35,065$27,944$22,137$8,060
21 years$50,925$40,705$32,253$25,361$19,810$6,776
22 years$48,097$37,997$29,726$23,059$17,757$5,701
23 years$45,519$35,538$27,447$21,000$15,940$4,800
24 years$43,160$33,296$25,384$19,153$14,327$4,044
25 years$40,993$31,247$23,511$17,492$12,892$3,409
26 years$38,995$29,367$21,805$15,994$11,613$2,875
27 years$37,149$27,638$20,248$14,639$10,470$2,425
28 years$35,438$26,043$18,823$13,413$9,447$2,047
29 years$33,847$24,569$17,516$12,300$8,530$1,728
30 years$32,366$23,203$16,316$11,288$7,708$1,459
31 years$30,982$21,934$15,211$10,367$6,969$1,232
32 years$29,688$20,754$14,192$9,528$6,304$1,040
33 years$28,475$19,654$13,251$8,762$5,705$879
34 years$27,335$18,628$12,381$8,061$5,165$742
35 years$26,263$17,668$11,575$7,421$4,678$627
36 years$25,253$16,770$10,829$6,835$4,239$530
37 years$24,300$15,927$10,135$6,297$3,842$448
38 years$23,399$15,137$9,491$5,804$3,483$378
39 years$22,546$14,394$8,892$5,352$3,158$320
40 years$21,738$13,694$8,335$4,936$2,865$270
41 years$20,971$13,036$7,815$4,554$2,599$228
42 years$20,243$12,415$7,331$4,203$2,358$193
43 years$19,551$11,829$6,879$3,880$2,140$163
44 years$18,891$11,275$6,457$3,582$1,943$138
45 years$18,263$10,752$6,063$3,309$1,764$117
46 years$17,664$10,257$5,695$3,056$1,601$99
47 years$17,093$9,788$5,350$2,823$1,454$83
48 years$16,546$9,344$5,028$2,609$1,320$70
49 years$16,024$8,923$4,726$2,411$1,199$60
50 years$15,524$8,524$4,443$2,229$1,089$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $15,900,000, adding $2,875 every year, while hoping to spend $25,483 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: 65/22/13 Blend
55$15,900,000$15,900,000$15,900,000$15,900,000
56$17,524,766$16,682,066$16,435,616$18,610,842
57$19,285,178$17,472,373$16,959,095$20,126,994
58$21,224,298$18,300,552$17,499,257$21,779,756
59$23,360,328$19,168,430$18,056,633$23,585,041
60$25,713,324$20,077,925$18,631,773$25,557,733
61$28,305,388$21,031,049$19,225,242$27,714,202
62$31,160,876$22,029,908$19,837,626$30,072,460
63$34,306,626$23,076,715$20,469,528$32,652,323
64$37,772,214$24,173,786$21,121,569$35,475,595
65$41,590,231$25,323,552$21,794,392$38,566,267
66$45,796,591$26,528,563$22,488,661$41,950,743
67$50,430,870$27,791,490$23,205,058$45,658,079
68$55,536,682$29,115,135$23,944,290$49,720,257
69$61,162,085$30,502,438$24,707,085$54,172,478
70$67,360,039$31,956,480$25,494,195$59,053,490
71$74,188,907$33,480,491$26,306,394$64,405,946
72$81,713,001$35,077,861$27,144,484$70,276,805
73$90,003,193$36,752,142$28,009,290$76,717,761
74$99,137,581$38,507,059$28,901,664$83,785,732
75$109,202,230$40,346,521$29,822,485$91,543,386
76$120,291,981$42,274,623$30,772,661$100,059,724
77$132,511,346$44,295,663$31,753,129$109,410,728
78$145,975,499$46,414,146$32,764,854$119,680,063
79$160,811,356$48,634,796$33,808,834$130,959,867
80$177,158,782$50,962,569$34,886,097$143,351,605
81$195,171,902$53,402,659$35,997,706$156,967,019
82$215,020,563$55,960,516$37,144,755$171,929,175
83$236,891,932$58,641,853$38,328,377$188,373,612
84$260,992,268$61,452,663$39,549,736$206,449,613
85$287,548,866$64,399,229$40,810,038$226,321,601
86$316,812,201$67,488,142$42,110,525$248,170,680
87$349,058,296$70,726,312$43,452,479$272,196,332
88$384,591,328$74,120,987$44,837,222$298,618,289
89$423,746,495$77,679,767$46,266,121$327,678,592
90$466,893,185$81,410,623$47,740,583$359,643,862
91$514,438,460$85,321,914$49,262,064$394,807,803
92$566,830,902$89,422,407$50,832,062$433,493,958
93$624,564,845$93,721,295$52,452,126$476,058,748
94$688,185,041$98,228,220$54,123,854$522,894,820
95$758,291,806$102,953,294$55,848,894$574,434,735
96$835,546,686$107,907,121$57,628,948$631,155,035
97$920,678,700$113,100,823$59,465,771$693,580,719
98$1,014,491,228$118,546,063$61,361,174$762,290,182
99$1,117,869,587$124,255,074$63,317,027$837,920,653
100$1,231,789,396$130,240,684$65,335,259$921,174,187