Can I retire at age 56 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,443,428
2 years$748,117$734,184$720,681$707,589$694,889$678,941
3 years$493,791$479,798$466,328$453,359$440,866$425,304
4 years$366,652$352,702$339,368$326,620$314,430$299,373
5 years$290,389$276,523$263,363$250,875$239,024$224,518
6 years$239,564$225,802$212,837$200,627$189,132$175,193
7 years$203,274$189,628$176,868$164,946$153,815$140,450
8 years$176,069$162,546$149,998$138,369$127,604$114,812
9 years$154,921$141,526$129,193$117,860$107,461$95,237
10 years$138,012$124,748$112,634$101,597$91,562$79,898
11 years$124,187$111,056$99,161$88,419$78,747$67,633
12 years$112,674$99,678$88,003$77,556$68,240$57,665
13 years$102,940$90,079$78,625$68,470$59,507$49,457
14 years$94,604$81,880$70,645$60,780$52,163$42,626
15 years$87,386$74,799$63,783$54,205$45,929$36,889
16 years$81,076$68,626$57,828$48,535$40,592$32,034
17 years$75,514$63,202$52,621$43,608$35,992$27,899
18 years$70,576$58,402$48,037$39,300$32,002$24,359
19 years$66,163$54,126$43,975$35,511$28,524$21,314
20 years$62,196$50,297$40,358$32,162$25,478$18,684
21 years$58,611$46,849$37,122$29,189$22,800$16,405
22 years$55,357$43,732$34,214$26,539$20,437$14,423
23 years$52,390$40,902$31,590$24,170$18,346$12,697
24 years$49,675$38,322$29,216$22,044$16,489$11,188
25 years$47,180$35,964$27,059$20,132$14,838$9,869
26 years$44,881$33,800$25,096$18,408$13,365$8,711
27 years$42,756$31,810$23,304$16,849$12,050$7,695
28 years$40,787$29,974$21,664$15,437$10,873$6,802
29 years$38,956$28,277$20,160$14,156$9,818$6,016
30 years$37,251$26,705$18,779$12,992$8,871$5,323
31 years$35,659$25,245$17,507$11,932$8,020$4,712
32 years$34,169$23,887$16,334$10,966$7,255$4,172
33 years$32,773$22,621$15,251$10,084$6,566$3,696
34 years$31,461$21,440$14,250$9,278$5,945$3,275
35 years$30,227$20,335$13,323$8,541$5,384$2,903
36 years$29,065$19,301$12,463$7,866$4,878$2,573
37 years$27,967$18,332$11,665$7,248$4,421$2,282
38 years$26,930$17,422$10,924$6,680$4,008$2,024
39 years$25,949$16,566$10,235$6,160$3,635$1,795
40 years$25,019$15,761$9,593$5,681$3,297$1,592
41 years$24,137$15,003$8,995$5,242$2,991$1,413
42 years$23,299$14,289$8,438$4,838$2,714$1,254
43 years$22,502$13,614$7,918$4,466$2,463$1,112
44 years$21,743$12,977$7,432$4,123$2,236$987
45 years$21,020$12,375$6,978$3,808$2,030$876
46 years$20,331$11,805$6,554$3,517$1,843$778
47 years$19,673$11,266$6,158$3,250$1,674$690
48 years$19,044$10,755$5,786$3,003$1,520$613
49 years$18,443$10,270$5,439$2,775$1,380$544
50 years$17,867$9,810$5,113$2,565$1,254$483

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $18,300,000, adding $6,416 every year, while hoping to spend $50,758 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: 24/47/29 Blend
55$18,300,000$18,300,000$18,300,000$18,300,000
56$20,173,218$19,203,318$18,919,668$20,473,354
57$22,176,880$20,090,275$19,499,471$21,617,824
58$24,383,215$21,018,991$20,096,996$22,838,425
59$26,812,841$21,991,459$20,712,783$24,145,129
60$29,488,478$23,009,769$21,347,389$25,545,143
61$32,435,164$24,076,108$22,001,388$27,046,340
62$35,680,485$25,192,772$22,675,369$28,657,324
63$39,254,843$26,362,166$23,369,942$30,387,505
64$43,191,736$27,586,812$24,085,734$32,247,172
65$47,528,079$28,869,351$24,823,392$34,247,586
66$52,304,548$30,212,554$25,583,581$36,401,071
67$57,565,969$31,619,326$26,366,987$38,721,119
68$63,361,734$33,092,710$27,174,318$41,222,508
69$69,746,274$34,635,896$28,006,301$43,921,423
70$76,779,570$36,252,230$28,863,688$46,835,603
71$84,527,716$37,945,219$29,747,251$49,984,490
72$93,063,546$39,718,538$30,657,787$53,389,397
73$102,467,322$41,576,041$31,596,118$57,073,700
74$112,827,489$43,521,768$32,563,088$61,063,033
75$124,241,511$45,559,952$33,559,569$65,385,525
76$136,816,790$47,695,035$34,586,460$70,072,040
77$150,671,681$49,931,670$35,644,684$75,156,451
78$165,936,608$52,274,737$36,735,196$80,675,944
79$182,755,294$54,729,351$37,858,978$86,671,350
80$201,286,120$57,300,875$39,017,040$93,187,503
81$221,703,619$59,994,933$40,210,425$100,273,648
82$244,200,122$62,817,418$41,440,208$107,983,882
83$268,987,574$65,774,511$42,707,495$116,377,639
84$296,299,536$68,872,692$44,013,425$125,520,228
85$326,393,388$72,118,753$45,359,174$135,483,422
86$359,552,758$75,519,817$46,745,951$146,346,108
87$396,090,203$79,083,351$48,175,004$158,195,009
88$436,350,153$82,817,185$49,647,616$171,125,464
89$480,712,169$86,729,527$51,165,112$185,242,303
90$529,594,521$90,828,985$52,728,854$200,660,802
91$583,458,139$95,124,582$54,340,247$217,507,740
92$642,810,963$99,625,780$56,000,739$235,922,554
93$708,212,738$104,342,500$57,711,820$256,058,625
94$780,280,297$109,285,143$59,475,027$278,084,681
95$859,693,389$114,464,616$61,291,942$302,186,355
96$947,201,088$119,892,356$63,164,195$328,567,888
97$1,043,628,870$125,580,352$65,093,466$357,454,018
98$1,149,886,403$131,541,178$67,081,486$389,092,053
99$1,266,976,138$137,788,017$69,130,037$423,754,154
100$1,396,002,767$144,334,693$71,240,957$461,739,857