Can I retire at age 56 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,398,552
2 years$731,765$718,137$704,928$692,122$679,701$650,792
3 years$482,997$469,310$456,135$443,449$431,230$403,134
4 years$358,638$344,993$331,950$319,480$307,557$280,489
5 years$284,042$270,478$257,607$245,392$233,800$207,838
6 years$234,327$220,866$208,184$196,242$184,998$160,170
7 years$198,831$185,483$173,002$161,341$150,453$126,764
8 years$172,221$158,993$146,720$135,345$124,815$102,259
9 years$151,535$138,432$126,370$115,284$105,112$83,674
10 years$134,996$122,021$110,172$99,376$89,561$69,219
11 years$121,473$108,628$96,994$86,487$77,025$57,755
12 years$110,211$97,499$86,079$75,860$66,749$48,521
13 years$100,690$88,110$76,906$66,973$58,206$40,991
14 years$92,536$80,090$69,101$59,452$51,023$34,788
15 years$85,476$73,164$62,388$53,020$44,925$29,636
16 years$79,304$67,126$56,564$47,474$39,705$25,325
17 years$73,864$61,821$51,471$42,655$35,205$21,699
18 years$69,033$57,125$46,987$38,441$31,303$18,634
19 years$64,717$52,943$43,014$34,734$27,901$16,031
20 years$60,836$49,197$39,476$31,459$24,921$13,815
21 years$57,330$45,825$36,310$28,551$22,302$11,921
22 years$54,147$42,776$33,466$25,959$19,990$10,298
23 years$51,245$40,008$30,900$23,642$17,945$8,906
24 years$48,589$37,485$28,577$21,562$16,129$7,708
25 years$46,149$35,177$26,468$19,692$14,514$6,677
26 years$43,900$33,061$24,548$18,005$13,073$5,787
27 years$41,822$31,114$22,795$16,481$11,787$5,018
28 years$39,895$29,319$21,191$15,100$10,635$4,354
29 years$38,105$27,659$19,720$13,847$9,603$3,779
30 years$36,437$26,121$18,368$12,708$8,677$3,281
31 years$34,879$24,693$17,124$11,671$7,845$2,850
32 years$33,422$23,365$15,977$10,726$7,096$2,476
33 years$32,056$22,127$14,918$9,864$6,422$2,152
34 years$30,773$20,971$13,938$9,075$5,815$1,870
35 years$29,567$19,891$13,031$8,354$5,267$1,626
36 years$28,429$18,879$12,191$7,694$4,772$1,413
37 years$27,356$17,931$11,410$7,089$4,325$1,229
38 years$26,342$17,041$10,685$6,534$3,921$1,069
39 years$25,382$16,204$10,011$6,025$3,556$930
40 years$24,472$15,417$9,383$5,557$3,225$809
41 years$23,609$14,675$8,798$5,127$2,926$703
42 years$22,789$13,976$8,253$4,732$2,655$612
43 years$22,010$13,317$7,745$4,368$2,409$532
44 years$21,268$12,694$7,270$4,033$2,187$463
45 years$20,561$12,104$6,826$3,725$1,985$403
46 years$19,886$11,547$6,411$3,441$1,803$351
47 years$19,243$11,020$6,023$3,179$1,637$305
48 years$18,628$10,520$5,660$2,937$1,487$265
49 years$18,039$10,046$5,320$2,714$1,350$231
50 years$17,477$9,596$5,002$2,509$1,226$201

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $17,900,000, adding $3,112 every year, while hoping to spend $52,977 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: 48/37/15 Blend
55$17,900,000$17,900,000$17,900,000$17,900,000
56$19,729,010$18,780,310$18,502,860$20,593,233
57$21,685,002$19,644,178$19,066,339$22,054,818
58$23,838,729$20,548,600$19,646,918$23,635,219
59$26,210,306$21,495,507$20,245,116$25,350,079
60$28,821,893$22,486,924$20,861,464$27,211,988
61$31,697,915$23,524,971$21,496,511$29,234,774
62$34,865,280$24,611,873$22,150,822$31,433,622
63$38,353,643$25,749,959$22,824,979$33,825,213
64$42,195,680$26,941,672$23,519,582$36,427,872
65$46,427,399$28,189,574$24,235,247$39,261,735
66$51,088,478$29,496,347$24,972,612$42,348,931
67$56,222,639$30,864,805$25,732,331$45,713,782
68$61,878,064$32,297,896$26,515,080$49,383,021
69$68,107,845$33,798,711$27,321,554$53,386,041
70$74,970,487$35,370,490$28,152,468$57,755,157
71$82,530,462$37,016,629$29,008,560$62,525,905
72$90,858,813$38,740,688$29,890,591$67,737,362
73$100,033,828$40,546,398$30,799,342$73,432,512
74$110,141,779$42,437,672$31,735,620$79,658,630
75$121,277,732$44,418,610$32,700,255$86,467,725
76$133,546,450$46,493,510$33,694,103$93,917,012
77$147,063,376$48,666,880$34,718,043$102,069,443
78$161,955,727$50,943,444$35,772,984$110,994,284
79$178,363,692$53,328,154$36,859,860$120,767,757
80$196,441,757$55,826,202$37,979,634$131,473,743
81$216,360,160$58,443,030$39,133,296$143,204,560
82$238,306,504$61,184,346$40,321,869$156,061,812
83$262,487,519$64,056,130$41,546,403$170,157,339
84$289,131,020$67,064,655$42,807,982$185,614,248
85$318,488,057$70,216,496$44,107,722$202,568,058
86$350,835,280$73,518,546$45,446,772$221,167,961
87$386,477,556$76,978,031$46,826,316$241,578,208
88$425,750,841$80,602,529$48,247,572$263,979,636
89$469,025,358$84,399,984$49,711,797$288,571,357
90$516,709,085$88,378,724$51,220,282$315,572,608
91$569,251,611$92,547,481$52,774,361$345,224,800
92$627,148,378$96,915,411$54,375,405$377,793,767
93$690,945,358$101,492,111$56,024,827$413,572,254
94$761,244,208$106,287,647$57,724,081$452,882,642
95$838,707,946$111,312,571$59,474,667$496,079,973
96$924,067,216$116,577,946$61,278,128$543,555,260
97$1,018,127,179$122,095,373$63,136,052$595,739,151
98$1,121,775,120$127,877,015$65,050,079$653,105,959
99$1,235,988,818$133,935,624$67,021,892$716,178,102
100$1,361,845,781$140,284,574$69,053,229$785,530,998