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%11.4%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,426,898
2 years$735,853$722,148$708,867$695,989$683,498$674,975
3 years$485,696$471,932$458,684$445,927$433,639$425,305
4 years$360,642$346,920$333,804$321,265$309,275$301,194
5 years$285,629$271,990$259,046$246,762$235,106$227,302
6 years$235,636$222,100$209,347$197,338$186,031$178,514
7 years$199,942$186,519$173,969$162,242$151,293$144,067
8 years$173,183$159,881$147,539$136,101$125,512$118,577
9 years$152,381$139,205$127,076$115,928$105,700$99,054
10 years$135,750$122,703$110,787$99,931$90,061$83,701
11 years$122,151$109,235$97,535$86,970$77,456$71,377
12 years$110,827$98,044$86,560$76,284$67,122$61,319
13 years$101,253$88,603$77,336$67,348$58,531$53,000
14 years$93,053$80,537$69,487$59,784$51,308$46,041
15 years$85,953$73,572$62,737$53,317$45,176$40,166
16 years$79,747$67,501$56,880$47,739$39,926$35,167
17 years$74,276$62,166$51,759$42,893$35,402$30,885
18 years$69,419$57,444$47,249$38,655$31,477$27,196
19 years$65,078$53,239$43,254$34,929$28,057$24,002
20 years$61,176$49,472$39,697$31,634$25,061$21,226
21 years$57,651$46,081$36,513$28,710$22,426$18,802
22 years$54,450$43,015$33,653$26,104$20,102$16,681
23 years$51,531$40,231$31,072$23,774$18,045$14,818
24 years$48,860$37,694$28,737$21,683$16,219$13,179
25 years$46,407$35,374$26,616$19,802$14,595$11,733
26 years$44,146$33,246$24,685$18,106$13,146$10,455
27 years$42,055$31,288$22,922$16,573$11,853$9,324
28 years$40,118$29,483$21,309$15,184$10,695$8,321
29 years$38,318$27,814$19,830$13,924$9,657$7,431
30 years$36,640$26,267$18,471$12,779$8,726$6,639
31 years$35,074$24,831$17,220$11,737$7,889$5,935
32 years$33,609$23,495$16,066$10,786$7,136$5,308
33 years$32,235$22,250$15,001$9,919$6,458$4,749
34 years$30,945$21,088$14,016$9,126$5,847$4,250
35 years$29,732$20,002$13,104$8,401$5,296$3,805
36 years$28,588$18,985$12,259$7,737$4,798$3,407
37 years$27,509$18,031$11,474$7,129$4,349$3,052
38 years$26,489$17,136$10,745$6,571$3,943$2,735
39 years$25,524$16,295$10,067$6,059$3,575$2,451
40 years$24,609$15,503$9,436$5,588$3,243$2,196
41 years$23,741$14,757$8,848$5,156$2,942$1,969
42 years$22,917$14,054$8,299$4,758$2,670$1,765
43 years$22,133$13,391$7,788$4,392$2,423$1,583
44 years$21,387$12,764$7,310$4,056$2,199$1,419
45 years$20,676$12,172$6,864$3,745$1,997$1,273
46 years$19,997$11,612$6,447$3,460$1,813$1,142
47 years$19,350$11,081$6,057$3,196$1,646$1,024
48 years$18,732$10,578$5,692$2,954$1,495$919
49 years$18,140$10,102$5,350$2,730$1,358$824
50 years$17,574$9,650$5,030$2,523$1,233$740

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 $5,246 every year, while hoping to spend $28,702 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: 35/42/23 Blend
55$18,000,000$18,000,000$18,000,000$18,000,000
56$19,841,411$18,887,411$18,608,411$20,397,214
57$21,834,696$19,782,356$19,201,254$21,703,541
58$24,030,335$20,720,190$19,812,996$23,109,065
59$26,448,936$21,702,987$20,444,238$24,625,033
60$29,113,211$22,732,917$21,095,604$26,261,309
61$32,048,186$23,812,257$21,767,734$28,028,701
62$35,281,440$24,943,397$22,461,292$29,939,056
63$38,843,362$26,128,839$23,176,961$32,005,362
64$42,767,442$27,371,208$23,915,445$34,241,858
65$47,090,583$28,673,259$24,677,474$36,664,165
66$51,853,451$30,037,877$25,463,798$39,289,419
67$57,100,860$31,468,090$26,275,192$42,136,422
68$62,882,192$32,967,072$27,112,457$45,225,809
69$69,251,868$34,538,150$27,976,416$48,580,233
70$76,269,855$36,184,816$28,867,922$52,224,563
71$84,002,237$37,910,729$29,787,854$56,186,110
72$92,521,837$39,719,726$30,737,119$60,494,868
73$101,908,904$41,615,833$31,716,653$65,183,784
74$112,251,872$43,603,268$32,727,420$70,289,057
75$123,648,193$45,686,459$33,770,419$75,850,460
76$136,205,258$47,870,044$34,846,677$81,911,704
77$150,041,409$50,158,891$35,957,255$88,520,828
78$165,287,058$52,558,103$37,103,249$95,730,643
79$182,085,919$55,073,031$38,285,789$103,599,204
80$200,596,361$57,709,287$39,506,041$112,190,345
81$220,992,904$60,472,757$40,765,208$121,574,257
82$243,467,870$63,369,611$42,064,532$131,828,133
83$268,233,194$66,406,323$43,405,295$143,036,873
84$295,522,426$69,589,679$44,788,818$155,293,861
85$325,592,937$72,926,797$46,216,468$168,701,826
86$358,728,348$76,425,142$47,689,651$183,373,785
87$395,241,206$80,092,540$49,209,821$199,434,080
88$435,475,937$83,937,203$50,778,477$217,019,530
89$479,812,094$87,967,737$52,397,168$236,280,691
90$528,667,944$92,193,173$54,067,489$257,383,244
91$582,504,414$96,622,977$55,791,090$280,509,534
92$641,829,442$101,267,081$57,569,669$305,860,250
93$707,202,775$106,135,898$59,404,983$333,656,294
94$779,241,250$111,240,349$61,298,842$364,140,820
95$858,624,618$116,591,887$63,253,114$397,581,500
96$946,101,965$122,202,525$65,269,729$434,273,007
97$1,042,498,776$128,084,859$67,350,675$474,539,754
98$1,148,724,736$134,252,102$69,498,007$518,738,914
99$1,265,782,312$140,718,109$71,713,844$567,263,750
100$1,394,776,223$147,497,411$74,000,373$620,547,272