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%11.8%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,416,595
2 years$731,765$718,137$704,928$692,122$679,701$668,836
3 years$482,997$469,310$456,135$443,449$431,230$420,614
4 years$358,638$344,993$331,950$319,480$307,557$297,271
5 years$284,042$270,478$257,607$245,392$233,800$223,874
6 years$234,327$220,866$208,184$196,242$184,998$175,445
7 years$198,831$185,483$173,002$161,341$150,453$141,277
8 years$172,221$158,993$146,720$135,345$124,815$116,017
9 years$151,535$138,432$126,370$115,284$105,112$96,689
10 years$134,996$122,021$110,172$99,376$89,561$81,508
11 years$121,473$108,628$96,994$86,487$77,025$69,336
12 years$110,211$97,499$86,079$75,860$66,749$59,417
13 years$100,690$88,110$76,906$66,973$58,206$51,224
14 years$92,536$80,090$69,101$59,452$51,023$44,382
15 years$85,476$73,164$62,388$53,020$44,925$38,616
16 years$79,304$67,126$56,564$47,474$39,705$33,718
17 years$73,864$61,821$51,471$42,655$35,205$29,530
18 years$69,033$57,125$46,987$38,441$31,303$25,930
19 years$64,717$52,943$43,014$34,734$27,901$22,820
20 years$60,836$49,197$39,476$31,459$24,921$20,121
21 years$57,330$45,825$36,310$28,551$22,302$17,772
22 years$54,147$42,776$33,466$25,959$19,990$15,720
23 years$51,245$40,008$30,900$23,642$17,945$13,922
24 years$48,589$37,485$28,577$21,562$16,129$12,344
25 years$46,149$35,177$26,468$19,692$14,514$10,956
26 years$43,900$33,061$24,548$18,005$13,073$9,732
27 years$41,822$31,114$22,795$16,481$11,787$8,652
28 years$39,895$29,319$21,191$15,100$10,635$7,697
29 years$38,105$27,659$19,720$13,847$9,603$6,851
30 years$36,437$26,121$18,368$12,708$8,677$6,102
31 years$34,879$24,693$17,124$11,671$7,845$5,437
32 years$33,422$23,365$15,977$10,726$7,096$4,846
33 years$32,056$22,127$14,918$9,864$6,422$4,321
34 years$30,773$20,971$13,938$9,075$5,815$3,855
35 years$29,567$19,891$13,031$8,354$5,267$3,440
36 years$28,429$18,879$12,191$7,694$4,772$3,070
37 years$27,356$17,931$11,410$7,089$4,325$2,741
38 years$26,342$17,041$10,685$6,534$3,921$2,447
39 years$25,382$16,204$10,011$6,025$3,556$2,185
40 years$24,472$15,417$9,383$5,557$3,225$1,952
41 years$23,609$14,675$8,798$5,127$2,926$1,744
42 years$22,789$13,976$8,253$4,732$2,655$1,558
43 years$22,010$13,317$7,745$4,368$2,409$1,392
44 years$21,268$12,694$7,270$4,033$2,187$1,244
45 years$20,561$12,104$6,826$3,725$1,985$1,112
46 years$19,886$11,547$6,411$3,441$1,803$994
47 years$19,243$11,020$6,023$3,179$1,637$889
48 years$18,628$10,520$5,660$2,937$1,487$794
49 years$18,039$10,046$5,320$2,714$1,350$710
50 years$17,477$9,596$5,002$2,509$1,226$635

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 $2,012 every year, while hoping to spend $53,359 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: 57/36/7 Blend
55$17,900,000$17,900,000$17,900,000$17,900,000
56$19,727,875$18,779,175$18,501,725$20,821,981
57$21,683,345$19,642,581$19,064,760$22,421,676
58$23,836,484$20,546,506$19,644,867$24,157,615
59$26,207,399$21,492,878$20,242,564$26,047,654
60$28,818,244$22,483,720$20,858,380$28,106,511
61$31,693,433$23,521,150$21,492,864$30,350,363
62$34,859,867$24,607,389$22,146,578$32,796,985
63$38,347,188$25,744,766$22,820,103$35,465,919
64$42,188,062$26,935,721$23,514,037$38,378,649
65$46,418,483$28,182,810$24,228,996$41,558,793
66$51,078,115$29,488,714$24,965,614$45,032,326
67$56,210,665$30,856,244$25,724,545$48,827,810
68$61,864,297$32,288,344$26,506,461$52,976,658
69$68,092,084$33,788,101$27,312,056$57,513,426
70$74,952,510$35,358,752$28,142,044$62,476,123
71$82,510,024$37,003,688$28,997,160$67,906,566
72$90,835,643$38,726,465$29,878,161$73,850,761
73$100,007,627$40,530,811$30,785,829$80,359,332
74$110,112,217$42,420,632$31,720,965$87,487,983
75$121,244,444$44,400,025$32,684,399$95,298,015
76$133,509,034$46,473,282$33,676,983$103,856,892
77$147,021,388$48,644,906$34,699,594$113,238,866
78$161,908,676$50,919,613$35,753,138$123,525,667
79$178,311,038$53,302,351$36,838,544$134,807,255
80$196,382,903$55,798,305$37,956,774$147,182,663
81$216,294,448$58,412,911$39,108,815$160,760,910
82$238,233,206$61,151,868$40,295,685$175,662,020
83$262,405,834$64,021,151$41,518,432$192,018,133
84$289,040,065$67,027,023$42,778,135$209,974,743
85$318,386,856$70,176,051$44,075,907$229,692,045
86$350,722,757$73,475,120$45,412,892$251,346,436
87$386,352,525$76,931,447$46,790,270$275,132,155
88$425,611,994$80,552,599$48,209,256$301,263,101
89$468,871,252$84,346,511$49,671,100$329,974,826
90$516,538,129$88,321,500$51,177,091$361,526,741
91$569,062,051$92,486,286$52,728,557$396,204,537
92$626,938,279$96,850,013$54,326,863$434,322,860
93$690,712,588$101,422,268$55,973,417$476,228,254
94$760,986,414$106,213,102$57,669,669$522,302,407
95$838,422,537$111,233,052$59,417,111$572,965,726
96$923,751,332$116,493,168$61,217,281$628,681,274
97$1,017,777,671$122,005,035$63,071,762$689,959,110
98$1,121,388,512$127,780,801$64,982,185$757,361,076
99$1,235,561,281$133,833,201$66,950,229$831,506,064
100$1,361,373,093$140,175,589$68,977,623$913,075,821