Can I retire at age 56 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,402,355
2 years$735,853$722,148$708,867$695,989$683,498$650,443
3 years$485,696$471,932$458,684$445,927$433,639$401,552
4 years$360,642$346,920$333,804$321,265$309,275$278,403
5 years$285,629$271,990$259,046$246,762$235,106$205,535
6 years$235,636$222,100$209,347$197,338$186,031$157,793
7 years$199,942$186,519$173,969$162,242$151,293$124,391
8 years$173,183$159,881$147,539$136,101$125,512$99,937
9 years$152,381$139,205$127,076$115,928$105,700$81,431
10 years$135,750$122,703$110,787$99,931$90,061$67,073
11 years$122,151$109,235$97,535$86,970$77,456$55,716
12 years$110,827$98,044$86,560$76,284$67,122$46,596
13 years$101,253$88,603$77,336$67,348$58,531$39,182
14 years$93,053$80,537$69,487$59,784$51,308$33,094
15 years$85,953$73,572$62,737$53,317$45,176$28,055
16 years$79,747$67,501$56,880$47,739$39,926$23,857
17 years$74,276$62,166$51,759$42,893$35,402$20,338
18 years$69,419$57,444$47,249$38,655$31,477$17,375
19 years$65,078$53,239$43,254$34,929$28,057$14,871
20 years$61,176$49,472$39,697$31,634$25,061$12,747
21 years$57,651$46,081$36,513$28,710$22,426$10,941
22 years$54,450$43,015$33,653$26,104$20,102$9,401
23 years$51,531$40,231$31,072$23,774$18,045$8,086
24 years$48,860$37,694$28,737$21,683$16,219$6,960
25 years$46,407$35,374$26,616$19,802$14,595$5,995
26 years$44,146$33,246$24,685$18,106$13,146$5,167
27 years$42,055$31,288$22,922$16,573$11,853$4,455
28 years$40,118$29,483$21,309$15,184$10,695$3,844
29 years$38,318$27,814$19,830$13,924$9,657$3,317
30 years$36,640$26,267$18,471$12,779$8,726$2,863
31 years$35,074$24,831$17,220$11,737$7,889$2,473
32 years$33,609$23,495$16,066$10,786$7,136$2,136
33 years$32,235$22,250$15,001$9,919$6,458$1,845
34 years$30,945$21,088$14,016$9,126$5,847$1,594
35 years$29,732$20,002$13,104$8,401$5,296$1,378
36 years$28,588$18,985$12,259$7,737$4,798$1,191
37 years$27,509$18,031$11,474$7,129$4,349$1,029
38 years$26,489$17,136$10,745$6,571$3,943$890
39 years$25,524$16,295$10,067$6,059$3,575$769
40 years$24,609$15,503$9,436$5,588$3,243$665
41 years$23,741$14,757$8,848$5,156$2,942$575
42 years$22,917$14,054$8,299$4,758$2,670$497
43 years$22,133$13,391$7,788$4,392$2,423$430
44 years$21,387$12,764$7,310$4,056$2,199$372
45 years$20,676$12,172$6,864$3,745$1,997$322
46 years$19,997$11,612$6,447$3,460$1,813$278
47 years$19,350$11,081$6,057$3,196$1,646$241
48 years$18,732$10,578$5,692$2,954$1,495$208
49 years$18,140$10,102$5,350$2,730$1,358$180
50 years$17,574$9,650$5,030$2,523$1,233$156

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $18,000,000, adding $5,586 every year, while hoping to spend $23,260 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: 47/24/29 Blend
55$18,000,000$18,000,000$18,000,000$18,000,000
56$19,841,762$18,887,762$18,608,762$20,608,950
57$21,840,873$19,788,514$19,207,407$22,052,684
58$24,043,114$20,732,623$19,825,327$23,616,256
59$26,469,180$21,722,189$20,463,143$25,313,164
60$29,141,874$22,759,415$21,121,497$27,155,968
61$32,086,328$23,846,609$21,801,050$29,158,462
62$35,330,234$24,986,193$22,502,485$31,335,804
63$38,904,108$26,180,707$23,226,509$33,704,651
64$42,841,578$27,432,812$23,973,847$36,283,308
65$47,179,701$28,745,302$24,745,254$39,091,897
66$51,959,314$30,121,105$25,541,503$42,152,539
67$57,225,416$31,563,292$26,363,396$45,489,554
68$63,027,598$33,075,083$27,211,759$49,129,686
69$69,420,506$34,659,855$28,087,446$53,102,343
70$76,464,360$36,321,150$28,991,337$57,439,873
71$84,225,520$38,062,681$29,924,342$62,177,853
72$92,777,115$39,888,344$30,887,400$67,355,421
73$102,199,731$41,802,224$31,881,478$73,015,635
74$112,582,173$43,808,602$32,907,577$79,205,870
75$124,022,304$45,911,973$33,966,731$85,978,251
76$136,627,966$48,117,047$35,060,003$93,390,142
77$150,518,000$50,428,763$36,188,494$101,504,667
78$165,823,368$52,852,305$37,353,341$110,391,303
79$182,688,388$55,393,104$38,555,714$120,126,516
80$201,272,098$58,056,861$39,796,825$130,794,477
81$221,749,755$60,849,550$41,077,922$142,487,837
82$244,314,492$63,777,440$42,400,295$155,308,591
83$269,179,140$66,847,105$43,765,274$169,369,028
84$296,578,236$70,065,436$45,174,234$184,792,770
85$326,770,239$73,439,665$46,628,594$201,715,930
86$360,039,968$76,977,373$48,129,816$220,288,375
87$396,701,293$80,686,513$49,679,413$240,675,125
88$437,100,096$84,575,424$51,278,945$263,057,895
89$481,617,539$88,652,852$52,930,023$287,636,786
90$530,673,657$92,927,972$54,634,308$314,632,162
91$584,731,330$97,410,402$56,393,518$344,286,702
92$644,300,648$102,110,234$58,209,423$376,867,674
93$709,943,729$107,038,050$60,083,853$412,669,433
94$782,280,022$112,204,948$62,018,695$452,016,178
95$861,992,162$117,622,567$64,015,898$495,264,985
96$949,832,406$123,303,117$66,077,475$542,809,158
97$1,046,629,742$129,259,401$68,205,501$595,081,907
98$1,153,297,711$135,504,847$70,402,121$652,560,415
99$1,270,843,033$142,053,539$72,669,547$715,770,313
100$1,400,375,110$148,920,250$75,010,064$785,290,607