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

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 $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%19%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,383,318
2 years$735,853$722,148$708,867$695,989$683,498$631,652
3 years$485,696$471,932$458,684$445,927$433,639$383,605
4 years$360,642$346,920$333,804$321,265$309,275$261,435
5 years$285,629$271,990$259,046$246,762$235,106$189,584
6 years$235,636$222,100$209,347$197,338$186,031$142,861
7 years$199,942$186,519$173,969$162,242$151,293$110,465
8 years$173,183$159,881$147,539$136,101$125,512$86,990
9 years$152,381$139,205$127,076$115,928$105,700$69,432
10 years$135,750$122,703$110,787$99,931$90,061$55,985
11 years$122,151$109,235$97,535$86,970$77,456$45,499
12 years$110,827$98,044$86,560$76,284$67,122$37,206
13 years$101,253$88,603$77,336$67,348$58,531$30,574
14 years$93,053$80,537$69,487$59,784$51,308$25,224
15 years$85,953$73,572$62,737$53,317$45,176$20,877
16 years$79,747$67,501$56,880$47,739$39,926$17,324
17 years$74,276$62,166$51,759$42,893$35,402$14,406
18 years$69,419$57,444$47,249$38,655$31,477$12,001
19 years$65,078$53,239$43,254$34,929$28,057$10,012
20 years$61,176$49,472$39,697$31,634$25,061$8,363
21 years$57,651$46,081$36,513$28,710$22,426$6,992
22 years$54,450$43,015$33,653$26,104$20,102$5,851
23 years$51,531$40,231$31,072$23,774$18,045$4,899
24 years$48,860$37,694$28,737$21,683$16,219$4,105
25 years$46,407$35,374$26,616$19,802$14,595$3,441
26 years$44,146$33,246$24,685$18,106$13,146$2,885
27 years$42,055$31,288$22,922$16,573$11,853$2,420
28 years$40,118$29,483$21,309$15,184$10,695$2,031
29 years$38,318$27,814$19,830$13,924$9,657$1,705
30 years$36,640$26,267$18,471$12,779$8,726$1,431
31 years$35,074$24,831$17,220$11,737$7,889$1,201
32 years$33,609$23,495$16,066$10,786$7,136$1,009
33 years$32,235$22,250$15,001$9,919$6,458$847
34 years$30,945$21,088$14,016$9,126$5,847$712
35 years$29,732$20,002$13,104$8,401$5,296$598
36 years$28,588$18,985$12,259$7,737$4,798$502
37 years$27,509$18,031$11,474$7,129$4,349$422
38 years$26,489$17,136$10,745$6,571$3,943$354
39 years$25,524$16,295$10,067$6,059$3,575$298
40 years$24,609$15,503$9,436$5,588$3,243$250
41 years$23,741$14,757$8,848$5,156$2,942$210
42 years$22,917$14,054$8,299$4,758$2,670$177
43 years$22,133$13,391$7,788$4,392$2,423$148
44 years$21,387$12,764$7,310$4,056$2,199$125
45 years$20,676$12,172$6,864$3,745$1,997$105
46 years$19,997$11,612$6,447$3,460$1,813$88
47 years$19,350$11,081$6,057$3,196$1,646$74
48 years$18,732$10,578$5,692$2,954$1,495$62
49 years$18,140$10,102$5,350$2,730$1,358$52
50 years$17,574$9,650$5,030$2,523$1,233$44

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 $2,668 every year, while hoping to spend $22,341 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: 53/39/8 Blend
55$18,000,000$18,000,000$18,000,000$18,000,000
56$19,838,752$18,884,752$18,605,752$20,851,077
57$21,838,534$19,786,334$19,205,274$22,439,496
58$24,041,545$20,731,345$19,824,131$24,164,024
59$26,468,491$21,721,889$20,462,948$26,039,624
60$29,142,189$22,760,173$21,122,368$28,080,577
61$32,087,782$23,848,512$21,803,057$30,302,572
62$35,332,977$24,989,331$22,505,702$32,722,841
63$38,908,309$26,185,176$23,231,010$35,360,316
64$42,847,422$27,438,715$23,979,715$38,235,801
65$47,187,394$28,752,748$24,752,571$41,372,159
66$51,969,084$30,130,208$25,550,358$44,794,520
67$57,237,517$31,574,174$26,373,881$48,530,506
68$63,042,309$33,087,874$27,223,971$52,610,485
69$69,438,136$34,674,691$28,101,485$57,067,847
70$76,485,251$36,338,176$29,007,311$61,939,310
71$84,250,051$38,082,052$29,942,360$67,265,251
72$92,805,705$39,910,221$30,907,578$73,090,080
73$102,232,844$41,826,778$31,903,938$79,462,647
74$112,620,320$43,836,017$32,932,447$86,436,687
75$124,066,051$45,942,440$33,994,142$94,071,316
76$136,677,938$48,150,769$35,090,095$102,431,577
77$150,574,887$50,465,956$36,221,413$111,589,035
78$165,887,933$52,893,195$37,389,238$121,622,442
79$182,761,473$55,437,933$38,594,748$132,618,460
80$201,354,633$58,105,881$39,839,162$144,672,466
81$221,842,768$60,903,031$41,123,736$157,889,432
82$244,419,115$63,835,665$42,449,766$172,384,899
83$269,296,625$66,910,373$43,818,593$188,286,049
84$296,709,963$70,134,063$45,231,599$205,732,882
85$326,917,732$73,513,985$46,690,210$224,879,520
86$360,204,909$77,057,739$48,195,900$245,895,640
87$396,885,537$80,773,296$49,750,190$268,968,047
88$437,305,691$84,669,016$51,354,651$294,302,421
89$481,846,742$88,753,669$53,010,902$322,125,227
90$530,928,961$93,036,449$54,720,618$352,685,829
91$585,015,481$97,527,002$56,485,526$386,258,813
92$644,616,678$102,235,443$58,307,409$423,146,554
93$710,294,980$107,172,380$60,188,107$463,682,038
94$782,670,181$112,348,940$62,129,522$508,231,970
95$862,425,295$117,776,793$64,133,616$557,200,208
96$950,312,996$123,468,177$66,202,414$611,031,534
97$1,047,162,734$129,435,930$68,338,006$670,215,820
98$1,153,888,555$135,693,513$70,542,552$735,292,611
99$1,271,497,740$142,255,047$72,818,280$806,856,181
100$1,401,100,307$149,135,342$75,167,490$885,561,095