Can I retire at age 56 with 18,100,000?

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 $18,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,435,427
2 years$739,941$726,160$712,805$699,855$687,295$679,331
3 years$488,394$474,554$461,232$448,404$436,048$428,260
4 years$362,645$348,847$335,659$323,050$310,993$303,440
5 years$287,216$273,501$260,485$248,133$236,412$229,116
6 years$236,946$223,334$210,510$198,434$187,065$180,036
7 years$201,052$187,555$174,935$163,144$152,134$145,375
8 years$174,145$160,770$148,359$136,857$126,210$119,721
9 years$153,228$139,979$127,782$116,572$106,287$100,068
10 years$136,504$123,384$111,403$100,486$90,562$84,609
11 years$122,830$109,842$98,077$87,453$77,886$72,195
12 years$111,443$98,588$87,041$76,708$67,494$62,061
13 years$101,815$89,095$77,765$67,722$58,856$53,675
14 years$93,570$80,985$69,873$60,116$51,593$46,658
15 years$86,431$73,981$63,086$53,613$45,427$40,731
16 years$80,190$67,876$57,196$48,004$40,148$35,686
17 years$74,689$62,512$52,046$43,132$35,598$31,363
18 years$69,805$57,763$47,512$38,870$31,652$27,636
19 years$65,440$53,535$43,495$35,123$28,212$24,408
20 years$61,516$49,747$39,917$31,810$25,200$21,600
21 years$57,971$46,337$36,716$28,870$22,551$19,148
22 years$54,752$43,254$33,840$26,249$20,214$17,000
23 years$51,818$40,455$31,245$23,906$18,145$15,113
24 years$49,132$37,903$28,896$21,803$16,309$13,452
25 years$46,665$35,571$26,764$19,912$14,676$11,985
26 years$44,391$33,431$24,822$18,207$13,219$10,688
27 years$42,289$31,462$23,049$16,665$11,918$9,539
28 years$40,341$29,647$21,427$15,269$10,754$8,520
29 years$38,530$27,968$19,940$14,002$9,711$7,614
30 years$36,844$26,413$18,573$12,850$8,774$6,809
31 years$35,269$24,969$17,315$11,802$7,933$6,091
32 years$33,796$23,626$16,156$10,846$7,176$5,452
33 years$32,414$22,374$15,085$9,974$6,494$4,882
34 years$31,117$21,205$14,094$9,177$5,880$4,373
35 years$29,897$20,113$13,177$8,448$5,325$3,918
36 years$28,747$19,090$12,327$7,780$4,825$3,512
37 years$27,662$18,131$11,538$7,168$4,373$3,148
38 years$26,636$17,231$10,805$6,607$3,965$2,823
39 years$25,665$16,385$10,123$6,092$3,595$2,532
40 years$24,746$15,589$9,488$5,619$3,261$2,271
41 years$23,873$14,839$8,897$5,184$2,959$2,038
42 years$23,044$14,133$8,345$4,785$2,685$1,829
43 years$22,256$13,465$7,831$4,417$2,436$1,641
44 years$21,505$12,835$7,351$4,078$2,212$1,473
45 years$20,790$12,240$6,902$3,766$2,008$1,322
46 years$20,109$11,676$6,483$3,479$1,823$1,187
47 years$19,458$11,143$6,090$3,214$1,655$1,066
48 years$18,836$10,637$5,723$2,970$1,503$957
49 years$18,241$10,158$5,379$2,745$1,365$859
50 years$17,672$9,703$5,058$2,537$1,240$772

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $18,100,000, adding $5,326 every year, while hoping to spend $39,230 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: 44/31/25 Blend
55$18,100,000$18,100,000$18,100,000$18,100,000
56$19,951,694$18,992,394$18,711,844$20,684,610
57$21,945,026$19,881,281$19,296,950$22,094,604
58$24,140,364$20,812,408$19,900,343$23,617,864
59$26,558,269$21,787,805$20,522,593$25,268,314
60$29,221,402$22,809,597$21,164,289$27,057,785
61$32,154,732$23,880,013$21,826,039$28,999,265
62$35,385,772$25,001,392$22,508,470$31,107,018
63$38,944,844$26,176,183$23,212,226$33,396,709
64$42,865,357$27,406,955$23,937,975$35,885,546
65$47,184,129$28,696,401$24,686,402$38,592,434
66$51,941,730$30,047,345$25,458,217$41,538,146
67$57,182,868$31,462,747$26,254,149$44,745,511
68$62,956,810$32,945,711$27,074,952$48,239,623
69$69,317,845$34,499,490$27,921,403$52,048,063
70$76,325,797$36,127,497$28,794,302$56,201,157
71$84,046,592$37,833,309$29,694,476$60,732,246
72$92,552,880$39,620,676$30,622,775$65,677,997
73$101,924,714$41,493,530$31,580,079$71,078,732
74$112,250,317$43,455,994$32,567,293$76,978,803
75$123,626,903$45,512,392$33,585,351$83,426,995
76$136,161,603$47,667,255$34,635,216$90,476,977
77$149,972,472$49,925,336$35,717,882$98,187,792
78$165,189,605$52,291,619$36,834,372$106,624,408
79$181,956,364$54,771,327$37,985,742$115,858,308
80$200,430,730$57,369,940$39,173,083$125,968,159
81$220,786,799$60,093,201$40,397,515$137,040,533
82$243,216,420$62,947,135$41,660,199$149,170,714
83$267,931,006$65,938,056$42,962,327$162,463,573
84$295,163,536$69,072,588$44,305,132$177,034,549
85$325,170,746$72,357,674$45,689,883$193,010,715
86$358,235,558$75,800,596$47,117,890$210,531,961
87$394,669,749$79,408,989$48,590,504$229,752,292
88$434,816,893$83,190,860$50,109,116$250,841,266
89$479,055,608$87,154,603$51,675,162$273,985,566
90$527,803,124$91,309,023$53,290,124$299,390,746
91$581,519,227$95,663,350$54,955,528$327,283,143
92$640,710,599$100,227,265$56,672,950$357,911,992
93$705,935,598$105,010,919$58,444,011$391,551,751
94$777,809,532$110,024,956$60,270,388$428,504,663
95$857,010,464$115,280,539$62,153,806$469,103,586
96$944,285,619$120,789,373$64,096,046$513,715,099
97$1,040,458,432$126,563,733$66,098,944$562,742,937
98$1,146,436,326$132,616,490$68,164,392$616,631,766
99$1,263,219,276$138,961,142$70,294,344$675,871,348
100$1,391,909,250$145,611,846$72,490,813$741,001,128