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

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,380,575
2 years$731,765$718,137$704,928$692,122$679,701$633,001
3 years$482,997$469,310$456,135$443,449$431,230$386,093
4 years$358,638$344,993$331,950$319,480$307,557$264,327
5 years$284,042$270,478$257,607$245,392$233,800$192,594
6 years$234,327$220,866$208,184$196,242$184,998$145,849
7 years$198,831$185,483$173,002$161,341$150,453$113,356
8 years$172,221$158,993$146,720$135,345$124,815$89,744
9 years$151,535$138,432$126,370$115,284$105,112$72,025
10 years$134,996$122,021$110,172$99,376$89,561$58,407
11 years$121,473$108,628$96,994$86,487$77,025$47,745
12 years$110,211$97,499$86,079$75,860$66,749$39,277
13 years$100,690$88,110$76,906$66,973$58,206$32,475
14 years$92,536$80,090$69,101$59,452$51,023$26,961
15 years$85,476$73,164$62,388$53,020$44,925$22,458
16 years$79,304$67,126$56,564$47,474$39,705$18,757
17 years$73,864$61,821$51,471$42,655$35,205$15,702
18 years$69,033$57,125$46,987$38,441$31,303$13,169
19 years$64,717$52,943$43,014$34,734$27,901$11,061
20 years$60,836$49,197$39,476$31,459$24,921$9,303
21 years$57,330$45,825$36,310$28,551$22,302$7,832
22 years$54,147$42,776$33,466$25,959$19,990$6,600
23 years$51,245$40,008$30,900$23,642$17,945$5,566
24 years$48,589$37,485$28,577$21,562$16,129$4,697
25 years$46,149$35,177$26,468$19,692$14,514$3,966
26 years$43,900$33,061$24,548$18,005$13,073$3,350
27 years$41,822$31,114$22,795$16,481$11,787$2,831
28 years$39,895$29,319$21,191$15,100$10,635$2,393
29 years$38,105$27,659$19,720$13,847$9,603$2,023
30 years$36,437$26,121$18,368$12,708$8,677$1,711
31 years$34,879$24,693$17,124$11,671$7,845$1,447
32 years$33,422$23,365$15,977$10,726$7,096$1,224
33 years$32,056$22,127$14,918$9,864$6,422$1,036
34 years$30,773$20,971$13,938$9,075$5,815$877
35 years$29,567$19,891$13,031$8,354$5,267$742
36 years$28,429$18,879$12,191$7,694$4,772$628
37 years$27,356$17,931$11,410$7,089$4,325$531
38 years$26,342$17,041$10,685$6,534$3,921$450
39 years$25,382$16,204$10,011$6,025$3,556$381
40 years$24,472$15,417$9,383$5,557$3,225$322
41 years$23,609$14,675$8,798$5,127$2,926$273
42 years$22,789$13,976$8,253$4,732$2,655$231
43 years$22,010$13,317$7,745$4,368$2,409$196
44 years$21,268$12,694$7,270$4,033$2,187$166
45 years$20,561$12,104$6,826$3,725$1,985$140
46 years$19,886$11,547$6,411$3,441$1,803$119
47 years$19,243$11,020$6,023$3,179$1,637$101
48 years$18,628$10,520$5,660$2,937$1,487$85
49 years$18,039$10,046$5,320$2,714$1,350$72
50 years$17,477$9,596$5,002$2,509$1,226$61

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 $6,039 every year, while hoping to spend $46,342 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: 68/22/10 Blend
55$17,900,000$17,900,000$17,900,000$17,900,000
56$19,732,029$18,783,329$18,505,879$21,033,273
57$21,695,389$19,654,405$19,076,519$22,769,175
58$23,857,458$20,566,610$19,664,721$24,660,782
59$26,238,455$21,521,911$20,271,027$26,728,266
60$28,860,663$22,522,369$20,895,991$28,988,857
61$31,748,630$23,570,145$21,540,186$31,461,510
62$34,929,412$24,667,504$22,204,204$34,167,082
63$38,432,820$25,816,820$22,888,653$37,128,524
64$42,291,705$27,020,581$23,594,160$40,371,093
65$46,542,266$28,281,397$24,321,371$43,922,583
66$51,224,393$29,602,002$25,070,954$47,813,587
67$56,382,045$30,985,263$25,843,594$52,077,777
68$62,063,659$32,434,187$26,640,000$56,752,220
69$68,322,613$33,951,923$27,460,901$61,877,715
70$75,217,727$35,541,774$28,307,049$67,499,181
71$82,813,818$37,207,204$29,179,218$73,666,068
72$91,182,313$38,951,842$30,078,207$80,432,822
73$100,401,920$40,779,494$31,004,839$87,859,387
74$110,559,377$42,694,150$31,959,961$96,011,768
75$121,750,263$44,699,993$32,944,449$104,962,645
76$134,079,905$46,801,408$33,959,204$114,792,051
77$147,664,370$49,002,992$35,005,152$125,588,120
78$162,631,563$51,309,565$36,083,252$137,447,909
79$179,122,430$53,726,182$37,194,488$150,478,308
80$197,292,293$56,258,140$38,339,879$164,797,034
81$217,312,313$58,910,994$39,520,470$180,533,740
82$239,371,104$61,690,569$40,737,342$197,831,223
83$263,676,520$64,602,970$41,991,606$216,846,763
84$290,457,610$67,654,600$43,284,409$237,753,598
85$319,966,782$70,852,172$44,616,933$260,742,543
86$352,482,189$74,202,723$45,990,396$286,023,784
87$388,310,349$77,713,633$47,406,051$313,828,849
88$427,789,044$81,392,640$48,865,192$344,412,776
89$471,290,502$85,247,856$50,369,152$378,056,509
90$519,224,920$89,287,787$51,919,305$415,069,538
91$572,044,326$93,521,352$53,517,066$455,792,799
92$630,246,852$97,957,904$55,163,893$500,601,884
93$694,381,438$102,607,248$56,861,290$549,910,562
94$765,053,008$107,479,666$58,610,807$604,174,675
95$842,928,184$112,585,940$60,414,038$663,896,416
96$928,741,582$117,937,374$62,272,631$729,629,054
97$1,023,302,740$123,545,822$64,188,281$801,982,138
98$1,127,503,765$129,423,713$66,162,735$881,627,227
99$1,242,327,756$135,584,082$68,197,793$969,304,208
100$1,368,858,080$142,040,595$70,295,312$1,065,828,261