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

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,440,337
2 years$744,029$730,172$716,743$703,722$691,092$680,046
3 years$491,092$477,176$463,780$450,882$438,457$427,663
4 years$364,649$350,775$337,513$324,835$312,711$302,253
5 years$288,802$275,012$261,924$249,504$237,718$227,626
6 years$238,255$224,568$211,674$199,531$188,098$178,385
7 years$202,163$188,592$175,902$164,045$152,974$143,645
8 years$175,107$161,658$149,179$137,613$126,907$117,961
9 years$154,074$140,752$128,487$117,216$106,874$98,309
10 years$137,258$124,066$112,018$101,041$91,062$82,874
11 years$123,508$110,449$98,619$87,936$78,316$70,498
12 years$112,059$99,133$87,522$77,132$67,867$60,413
13 years$102,378$89,587$78,195$68,096$59,182$52,083
14 years$94,087$81,432$70,259$60,448$51,878$45,126
15 years$86,908$74,390$63,434$53,909$45,678$39,263
16 years$80,633$68,251$57,512$48,270$40,370$34,283
17 years$75,102$62,857$52,334$43,370$35,795$30,025
18 years$70,190$58,083$47,774$39,085$31,827$26,365
19 years$65,801$53,830$43,735$35,317$28,368$23,202
20 years$61,856$50,022$40,138$31,986$25,339$20,458
21 years$58,291$46,593$36,919$29,029$22,676$18,070
22 years$55,055$43,493$34,027$26,394$20,325$15,983
23 years$52,104$40,678$31,417$24,038$18,245$14,156
24 years$49,403$38,113$29,056$21,924$16,399$12,551
25 years$46,922$35,767$26,912$20,022$14,757$11,140
26 years$44,636$33,615$24,959$18,307$13,292$9,895
27 years$42,523$31,636$23,177$16,757$11,984$8,797
28 years$40,564$29,810$21,546$15,353$10,814$7,826
29 years$38,743$28,123$20,050$14,079$9,764$6,966
30 years$37,047$26,559$18,676$12,921$8,823$6,204
31 years$35,464$25,107$17,411$11,867$7,977$5,528
32 years$33,982$23,756$16,245$10,906$7,215$4,927
33 years$32,594$22,498$15,168$10,029$6,530$4,394
34 years$31,289$21,323$14,172$9,228$5,912$3,919
35 years$30,062$20,224$13,250$8,494$5,355$3,497
36 years$28,906$19,196$12,395$7,823$4,852$3,121
37 years$27,815$18,231$11,601$7,208$4,397$2,787
38 years$26,783$17,326$10,864$6,644$3,987$2,488
39 years$25,807$16,476$10,179$6,126$3,615$2,222
40 years$24,882$15,675$9,540$5,650$3,279$1,985
41 years$24,005$14,921$8,946$5,213$2,975$1,773
42 years$23,171$14,211$8,392$4,811$2,699$1,584
43 years$22,379$13,540$7,874$4,441$2,450$1,416
44 years$21,624$12,906$7,391$4,101$2,224$1,265
45 years$20,905$12,307$6,940$3,787$2,019$1,131
46 years$20,220$11,741$6,518$3,498$1,833$1,011
47 years$19,565$11,204$6,124$3,232$1,664$903
48 years$18,940$10,696$5,755$2,986$1,511$808
49 years$18,342$10,214$5,409$2,760$1,373$722
50 years$17,770$9,757$5,085$2,551$1,247$646

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 $6,453 every year, while hoping to spend $35,983 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: 89/5/6 Blend
55$18,200,000$18,200,000$18,200,000$18,200,000
56$20,063,056$19,098,456$18,816,356$21,845,327
57$22,071,202$19,995,995$19,408,419$23,902,946
58$24,282,973$20,936,307$20,019,109$26,159,510
59$26,719,101$21,921,451$20,649,013$28,639,665
60$29,402,431$22,953,583$21,298,737$31,365,968
61$32,358,136$24,034,966$21,968,902$34,363,266
62$35,613,958$25,167,972$22,660,153$37,658,932
63$39,200,466$26,355,086$23,373,152$41,283,119
64$43,151,345$27,598,917$24,108,584$45,269,043
65$47,503,715$28,902,197$24,867,154$49,653,299
66$52,298,482$30,267,792$25,649,591$54,476,202
67$57,580,720$31,698,707$26,456,646$59,782,164
68$63,400,102$33,198,092$27,289,092$65,620,117
69$69,811,364$34,769,251$28,147,729$72,043,968
70$76,874,826$36,415,646$29,033,380$79,113,109
71$84,656,956$38,140,911$29,946,896$86,892,976
72$93,231,001$39,948,851$30,889,153$95,455,661
73$102,677,679$41,843,460$31,861,055$104,880,596
74$113,085,937$43,828,925$32,863,535$115,255,298
75$124,553,794$45,909,633$33,897,555$126,676,190
76$137,189,264$48,090,189$34,964,106$139,249,514
77$151,111,379$50,375,418$36,064,214$153,092,331
78$166,451,307$52,770,381$37,198,932$168,333,619
79$183,353,594$55,280,384$38,369,351$185,115,492
80$201,977,529$57,910,991$39,576,592$203,594,538
81$222,498,644$60,668,036$40,821,815$223,943,295
82$245,110,374$63,557,638$42,106,214$246,351,875
83$270,025,882$66,586,212$43,431,022$271,029,756
84$297,480,070$69,760,485$44,797,509$298,207,759
85$327,731,800$73,087,511$46,206,988$328,140,220
86$361,066,332$76,574,688$47,660,811$361,107,389
87$397,798,021$80,229,771$49,160,372$397,418,075
88$438,273,286$84,060,896$50,707,110$437,412,552
89$482,873,872$88,076,591$52,302,510$481,465,770
90$532,020,465$92,285,802$53,948,102$529,990,891
91$586,176,655$96,697,909$55,645,465$583,443,187
92$645,853,314$101,322,746$57,396,229$642,324,328
93$711,613,421$106,170,630$59,202,072$707,187,118
94$784,077,376$111,252,377$61,064,727$778,640,707
95$863,928,856$116,579,331$62,985,982$857,356,339
96$951,921,267$122,163,385$64,967,680$944,073,678
97$1,048,884,861$128,017,017$67,011,723$1,039,607,791
98$1,155,734,572$134,153,306$69,120,071$1,144,856,835
99$1,273,478,653$140,585,972$71,294,748$1,260,810,529
100$1,403,228,193$147,329,402$73,537,840$1,388,559,493