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%19.4%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,388,797
2 years$739,941$726,160$712,805$699,855$687,295$632,998
3 years$488,394$474,554$461,232$448,404$436,048$383,684
4 years$362,645$348,847$335,659$323,050$310,993$260,962
5 years$287,216$273,501$260,485$248,133$236,412$188,842
6 years$236,946$223,334$210,510$198,434$187,065$141,989
7 years$201,052$187,555$174,935$163,144$152,134$109,539
8 years$174,145$160,770$148,359$136,857$126,210$86,057
9 years$153,228$139,979$127,782$116,572$106,287$68,518
10 years$136,504$123,384$111,403$100,486$90,562$55,108
11 years$122,830$109,842$98,077$87,453$77,886$44,670
12 years$111,443$98,588$87,041$76,708$67,494$36,431
13 years$101,815$89,095$77,765$67,722$58,856$29,856
14 years$93,570$80,985$69,873$60,116$51,593$24,562
15 years$86,431$73,981$63,086$53,613$45,427$20,271
16 years$80,190$67,876$57,196$48,004$40,148$16,773
17 years$74,689$62,512$52,046$43,132$35,598$13,907
18 years$69,805$57,763$47,512$38,870$31,652$11,550
19 years$65,440$53,535$43,495$35,123$28,212$9,607
20 years$61,516$49,747$39,917$31,810$25,200$7,999
21 years$57,971$46,337$36,716$28,870$22,551$6,668
22 years$54,752$43,254$33,840$26,249$20,214$5,562
23 years$51,818$40,455$31,245$23,906$18,145$4,643
24 years$49,132$37,903$28,896$21,803$16,309$3,877
25 years$46,665$35,571$26,764$19,912$14,676$3,240
26 years$44,391$33,431$24,822$18,207$13,219$2,708
27 years$42,289$31,462$23,049$16,665$11,918$2,264
28 years$40,341$29,647$21,427$15,269$10,754$1,894
29 years$38,530$27,968$19,940$14,002$9,711$1,584
30 years$36,844$26,413$18,573$12,850$8,774$1,326
31 years$35,269$24,969$17,315$11,802$7,933$1,109
32 years$33,796$23,626$16,156$10,846$7,176$929
33 years$32,414$22,374$15,085$9,974$6,494$777
34 years$31,117$21,205$14,094$9,177$5,880$651
35 years$29,897$20,113$13,177$8,448$5,325$545
36 years$28,747$19,090$12,327$7,780$4,825$456
37 years$27,662$18,131$11,538$7,168$4,373$382
38 years$26,636$17,231$10,805$6,607$3,965$320
39 years$25,665$16,385$10,123$6,092$3,595$268
40 years$24,746$15,589$9,488$5,619$3,261$224
41 years$23,873$14,839$8,897$5,184$2,959$188
42 years$23,044$14,133$8,345$4,785$2,685$157
43 years$22,256$13,465$7,831$4,417$2,436$132
44 years$21,505$12,835$7,351$4,078$2,212$110
45 years$20,790$12,240$6,902$3,766$2,008$92
46 years$20,109$11,676$6,483$3,479$1,823$77
47 years$19,458$11,143$6,090$3,214$1,655$65
48 years$18,836$10,637$5,723$2,970$1,503$54
49 years$18,241$10,158$5,379$2,745$1,365$45
50 years$17,672$9,703$5,058$2,537$1,240$38

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 $4,208 every year, while hoping to spend $24,100 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: 32/47/21 Blend
55$18,100,000$18,100,000$18,100,000$18,100,000
56$19,950,541$18,991,241$18,710,691$20,459,212
57$21,959,853$19,896,169$19,311,856$21,746,288
58$24,173,309$20,844,631$19,932,354$23,129,181
59$26,611,703$21,838,735$20,572,804$24,618,232
60$29,297,954$22,880,691$21,233,851$26,222,751
61$32,257,316$23,972,816$21,916,156$27,952,930
62$35,517,619$25,117,540$22,620,404$29,819,931
63$39,109,530$26,317,413$23,347,300$31,835,977
64$43,066,842$27,575,107$24,097,575$34,014,461
65$47,426,797$28,893,424$24,871,981$36,370,061
66$52,230,432$30,275,303$25,671,294$38,918,867
67$57,522,970$31,723,827$26,496,316$41,678,519
68$63,354,245$33,242,227$27,347,875$44,668,364
69$69,779,174$34,833,892$28,226,825$47,909,624
70$76,858,275$36,502,377$29,134,048$51,425,584
71$84,658,234$38,251,409$30,070,455$55,241,795
72$93,252,543$40,084,897$31,036,983$59,386,305
73$102,722,184$42,006,939$32,034,605$63,889,904
74$113,156,403$44,021,835$33,064,320$68,786,398
75$124,653,543$46,134,092$34,127,162$74,112,915
76$137,321,980$48,348,438$35,224,197$79,910,236
77$151,281,142$50,669,831$36,356,528$86,223,158
78$166,662,636$53,103,471$37,525,289$93,100,901
79$183,611,493$55,654,809$38,731,654$100,597,553
80$202,287,536$58,329,565$39,976,835$108,772,556
81$222,866,887$61,133,736$41,262,081$117,691,245
82$245,543,631$64,073,611$42,588,683$127,425,444
83$270,531,649$67,155,785$43,957,971$138,054,117
84$298,066,636$70,387,177$45,371,322$149,664,088
85$328,408,325$73,775,042$46,830,154$162,350,835
86$361,842,942$77,326,986$48,335,932$176,219,360
87$398,685,904$81,050,991$49,890,167$191,385,157
88$439,284,800$84,955,424$51,494,422$207,975,262
89$484,022,671$89,049,061$53,150,307$226,129,428
90$533,321,626$93,341,107$54,859,485$246,001,407
91$587,646,827$97,841,216$56,623,672$267,760,366
92$647,510,879$102,559,512$58,444,641$291,592,446
93$713,478,674$107,506,612$60,324,221$317,702,483
94$786,172,716$112,693,654$62,264,300$346,315,896
95$866,279,006$118,132,316$64,266,827$377,680,780
96$954,553,512$123,834,847$66,333,814$412,070,194
97$1,051,829,311$129,814,096$68,467,337$449,784,700
98$1,159,024,449$136,083,534$70,669,541$491,155,145
99$1,277,150,610$142,657,294$72,942,637$536,545,737
100$1,407,322,667$149,550,197$75,288,911$586,357,430