Can I retire at age 56 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,433,753
2 years$744,029$730,172$716,743$703,722$691,092$673,439
3 years$491,092$477,176$463,780$450,882$438,457$421,241
4 years$364,649$350,775$337,513$324,835$312,711$296,064
5 years$288,802$275,012$261,924$249,504$237,718$221,688
6 years$238,255$224,568$211,674$199,531$188,098$172,706
7 years$202,163$188,592$175,902$164,045$152,974$138,224
8 years$175,107$161,658$149,179$137,613$126,907$112,799
9 years$154,074$140,752$128,487$117,216$106,874$93,402
10 years$137,258$124,066$112,018$101,041$91,062$78,216
11 years$123,508$110,449$98,619$87,936$78,316$66,086
12 years$112,059$99,133$87,522$77,132$67,867$56,239
13 years$102,378$89,587$78,195$68,096$59,182$48,141
14 years$94,087$81,432$70,259$60,448$51,878$41,408
15 years$86,908$74,390$63,434$53,909$45,678$35,762
16 years$80,633$68,251$57,512$48,270$40,370$30,991
17 years$75,102$62,857$52,334$43,370$35,795$26,935
18 years$70,190$58,083$47,774$39,085$31,827$23,467
19 years$65,801$53,830$43,735$35,317$28,368$20,488
20 years$61,856$50,022$40,138$31,986$25,339$17,920
21 years$58,291$46,593$36,919$29,029$22,676$15,699
22 years$55,055$43,493$34,027$26,394$20,325$13,772
23 years$52,104$40,678$31,417$24,038$18,245$12,095
24 years$49,403$38,113$29,056$21,924$16,399$10,634
25 years$46,922$35,767$26,912$20,022$14,757$9,357
26 years$44,636$33,615$24,959$18,307$13,292$8,240
27 years$42,523$31,636$23,177$16,757$11,984$7,262
28 years$40,564$29,810$21,546$15,353$10,814$6,403
29 years$38,743$28,123$20,050$14,079$9,764$5,649
30 years$37,047$26,559$18,676$12,921$8,823$4,987
31 years$35,464$25,107$17,411$11,867$7,977$4,403
32 years$33,982$23,756$16,245$10,906$7,215$3,890
33 years$32,594$22,498$15,168$10,029$6,530$3,437
34 years$31,289$21,323$14,172$9,228$5,912$3,038
35 years$30,062$20,224$13,250$8,494$5,355$2,686
36 years$28,906$19,196$12,395$7,823$4,852$2,375
37 years$27,815$18,231$11,601$7,208$4,397$2,100
38 years$26,783$17,326$10,864$6,644$3,987$1,858
39 years$25,807$16,476$10,179$6,126$3,615$1,644
40 years$24,882$15,675$9,540$5,650$3,279$1,454
41 years$24,005$14,921$8,946$5,213$2,975$1,287
42 years$23,171$14,211$8,392$4,811$2,699$1,139
43 years$22,379$13,540$7,874$4,441$2,450$1,008
44 years$21,624$12,906$7,391$4,101$2,224$893
45 years$20,905$12,307$6,940$3,787$2,019$790
46 years$20,220$11,741$6,518$3,498$1,833$699
47 years$19,565$11,204$6,124$3,232$1,664$619
48 years$18,940$10,696$5,755$2,986$1,511$548
49 years$18,342$10,214$5,409$2,760$1,373$486
50 years$17,770$9,757$5,085$2,551$1,247$430

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $18,200,000, adding $2,678 every year, while hoping to spend $51,552 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: 39/35/26 Blend
55$18,200,000$18,200,000$18,200,000$18,200,000
56$20,059,162$19,094,562$18,812,462$20,686,511
57$22,050,346$19,975,345$19,387,829$22,024,050
58$24,242,903$20,897,558$19,980,742$23,464,392
59$26,657,318$21,863,178$20,591,736$25,020,884
60$29,316,165$22,874,274$21,221,360$26,704,134
61$32,244,318$23,933,018$21,870,180$28,525,782
62$35,469,187$25,041,684$22,538,780$30,498,601
63$39,020,974$26,202,657$23,227,759$32,636,608
64$42,932,963$27,418,437$23,937,739$34,955,191
65$47,241,829$28,691,643$24,669,356$37,471,247
66$51,987,984$30,025,022$25,423,268$40,203,328
67$57,215,962$31,421,453$26,200,152$43,171,815
68$62,974,839$32,883,952$27,000,705$46,399,093
69$69,318,690$34,415,684$27,825,647$49,909,758
70$76,307,108$36,019,964$28,675,717$53,730,839
71$84,005,758$37,700,267$29,551,679$57,892,038
72$92,487,004$39,460,238$30,454,318$62,426,004
73$101,830,585$41,303,697$31,384,445$67,368,629
74$112,124,373$43,234,647$32,342,893$72,759,373
75$123,465,201$45,257,286$33,330,521$78,641,623
76$135,959,774$47,376,015$34,348,216$85,063,095
77$149,725,678$49,595,447$35,396,888$92,076,263
78$164,892,492$51,920,419$36,477,479$99,738,846
79$181,603,007$54,356,000$37,590,955$108,114,334
80$200,014,576$56,907,507$38,738,314$117,272,575
81$220,300,599$59,580,511$39,920,584$127,290,415
82$242,652,159$62,380,855$41,138,823$138,252,407
83$267,279,827$65,314,664$42,394,121$150,251,591
84$294,415,647$68,388,360$43,687,602$163,390,357
85$324,315,329$71,608,676$45,020,422$177,781,385
86$357,260,660$74,982,670$46,393,775$193,548,695
87$393,562,169$78,517,742$47,808,887$210,828,793
88$433,562,050$82,221,651$49,267,025$229,771,936
89$477,637,401$86,102,533$50,769,492$250,543,531
90$526,203,776$90,168,917$52,317,630$273,325,666
91$579,719,112$94,429,746$53,912,822$298,318,811
92$638,688,054$98,894,396$55,556,494$325,743,675
93$703,666,712$103,572,697$57,250,113$355,843,269
94$775,267,916$108,474,959$58,995,191$388,885,166
95$854,166,999$113,611,988$60,793,286$425,163,998
96$941,108,174$118,995,116$62,646,002$465,004,204
97$1,036,911,558$124,636,227$64,554,993$508,763,061
98$1,142,480,913$130,547,778$66,521,961$556,834,020
99$1,258,812,179$136,742,833$68,548,660$609,650,385
100$1,387,002,879$143,235,089$70,636,898$667,689,364