Can I retire at age 56 with 17,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $17,800,000?

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$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,365,779
2 years$727,677$714,125$700,990$688,256$675,903$622,506
3 years$480,299$466,688$453,587$440,972$428,821$377,325
4 years$356,634$343,065$330,095$317,696$305,839$256,636
5 years$282,455$268,967$256,167$244,021$232,494$185,712
6 years$233,018$219,632$207,021$195,145$183,964$139,636
7 years$197,720$184,447$172,036$160,440$149,612$107,724
8 years$171,259$158,105$145,900$134,589$124,118$84,630
9 years$150,688$137,659$125,664$114,640$104,525$67,383
10 years$134,242$121,339$109,556$98,821$89,061$54,195
11 years$120,794$108,021$96,452$86,004$76,595$43,930
12 years$109,596$96,954$85,598$75,437$66,376$35,827
13 years$100,128$87,618$76,477$66,599$57,881$29,361
14 years$92,019$79,643$68,715$59,119$50,738$24,155
15 years$84,998$72,755$62,040$52,724$44,674$19,935
16 years$78,861$66,751$56,248$47,209$39,483$16,495
17 years$73,451$61,475$51,184$42,417$35,008$13,676
18 years$68,648$56,806$46,724$38,226$31,128$11,359
19 years$64,355$52,647$42,774$34,540$27,745$9,447
20 years$60,497$48,922$39,256$31,283$24,782$7,867
21 years$57,010$45,569$36,108$28,391$22,177$6,557
22 years$53,845$42,537$33,279$25,814$19,879$5,470
23 years$50,959$39,784$30,727$23,510$17,844$4,566
24 years$48,317$37,275$28,417$21,442$16,039$3,813
25 years$45,891$34,981$26,320$19,582$14,433$3,186
26 years$43,655$32,876$24,411$17,905$13,000$2,663
27 years$41,588$30,941$22,667$16,389$11,721$2,227
28 years$39,672$29,155$21,072$15,016$10,576$1,863
29 years$37,892$27,505$19,610$13,770$9,550$1,558
30 years$36,233$25,975$18,266$12,637$8,629$1,304
31 years$34,684$24,555$17,028$11,606$7,801$1,091
32 years$33,235$23,234$15,888$10,666$7,057$913
33 years$31,877$22,003$14,835$9,809$6,386$764
34 years$30,602$20,854$13,861$9,025$5,782$640
35 years$29,401$19,780$12,959$8,308$5,237$536
36 years$28,271$18,774$12,122$7,651$4,745$448
37 years$27,203$17,831$11,346$7,050$4,301$376
38 years$26,195$16,946$10,625$6,498$3,899$314
39 years$25,240$16,114$9,955$5,991$3,536$263
40 years$24,335$15,331$9,331$5,526$3,207$220
41 years$23,477$14,593$8,749$5,099$2,909$185
42 years$22,662$13,898$8,207$4,705$2,640$155
43 years$21,887$13,242$7,701$4,344$2,396$129
44 years$21,149$12,623$7,229$4,011$2,175$108
45 years$20,446$12,037$6,788$3,704$1,974$91
46 years$19,775$11,483$6,375$3,421$1,793$76
47 years$19,135$10,958$5,989$3,161$1,628$64
48 years$18,524$10,461$5,628$2,921$1,478$53
49 years$17,939$9,990$5,290$2,699$1,343$45
50 years$17,379$9,542$4,974$2,495$1,220$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $17,800,000, adding $6,931 every year, while hoping to spend $40,467 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: 43/31/26 Blend
55$17,800,000$17,800,000$17,800,000$17,800,000
56$19,622,749$18,679,349$18,403,449$20,317,480
57$21,581,213$19,551,581$18,976,908$21,686,655
58$23,738,084$20,465,195$19,568,222$23,164,792
59$26,113,557$21,422,178$20,177,945$24,765,568
60$28,729,885$22,424,610$20,806,652$26,500,359
61$31,611,589$23,474,672$21,454,931$28,381,654
62$34,785,693$24,574,652$22,123,392$30,423,163
63$38,281,971$25,726,948$22,812,663$32,639,946
64$42,133,235$26,934,072$23,523,391$35,048,541
65$46,375,644$28,198,660$24,256,243$37,667,119
66$51,049,040$29,523,475$25,011,908$40,515,643
67$56,197,329$30,911,412$25,791,094$43,616,052
68$61,868,895$32,365,509$26,594,534$46,992,455
69$68,117,052$33,888,949$27,422,981$50,671,356
70$75,000,554$35,485,070$28,277,213$54,681,889
71$82,584,143$37,157,371$29,158,032$59,056,086
72$90,939,164$38,909,521$30,066,265$63,829,171
73$100,144,238$40,745,367$31,002,764$69,039,879
74$110,286,002$42,668,942$31,968,408$74,730,812
75$121,459,928$44,684,473$32,964,103$80,948,828
76$133,771,224$46,796,396$33,990,784$87,745,475
77$147,335,827$49,009,358$35,049,414$95,177,461
78$162,281,498$51,328,233$36,140,986$103,307,179
79$178,749,026$53,758,131$37,266,524$112,203,280
80$196,893,558$56,304,411$38,427,084$121,941,309
81$216,886,065$58,972,692$39,623,756$132,604,401
82$238,914,953$61,768,862$40,857,660$144,284,053
83$263,187,842$64,699,100$42,129,956$157,080,966
84$289,933,528$67,769,883$43,441,836$171,105,986
85$319,404,140$70,988,000$44,794,530$186,481,124
86$351,877,523$74,360,572$46,189,307$203,340,698
87$387,659,857$77,895,067$47,627,476$221,832,573
88$427,088,551$81,599,313$49,110,384$242,119,543
89$470,535,423$85,481,520$50,639,422$264,380,841
90$518,410,218$89,550,296$52,216,024$288,813,813
91$571,164,467$93,814,667$53,841,668$315,635,755
92$629,295,757$98,284,100$55,517,878$345,085,941
93$693,352,422$102,968,519$57,246,225$377,427,855
94$763,938,725$107,878,332$59,028,330$412,951,653
95$841,720,558$113,024,454$60,865,862$451,976,872
96$927,431,731$118,418,328$62,760,544$494,855,421
97$1,021,880,897$124,071,955$64,714,151$541,974,868
98$1,125,959,188$129,997,921$66,728,515$593,762,069
99$1,240,648,628$136,209,422$68,805,524$650,687,166
100$1,367,031,402$142,720,297$70,947,122$713,267,986