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

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,420,533
2 years$748,117$734,184$720,681$707,589$694,889$656,135
3 years$493,791$479,798$466,328$453,359$440,866$403,306
4 years$366,652$352,702$339,368$326,620$314,430$278,351
5 years$290,389$276,523$263,363$250,875$239,024$204,527
6 years$239,564$225,802$212,837$200,627$189,132$156,249
7 years$203,274$189,628$176,868$164,946$153,815$122,549
8 years$176,069$162,546$149,998$138,369$127,604$97,940
9 years$154,921$141,526$129,193$117,860$107,461$79,371
10 years$138,012$124,748$112,634$101,597$91,562$65,012
11 years$124,187$111,056$99,161$88,419$78,747$53,695
12 years$112,674$99,678$88,003$77,556$68,240$44,642
13 years$102,940$90,079$78,625$68,470$59,507$37,312
14 years$94,604$81,880$70,645$60,780$52,163$31,322
15 years$87,386$74,799$63,783$54,205$45,929$26,386
16 years$81,076$68,626$57,828$48,535$40,592$22,294
17 years$75,514$63,202$52,621$43,608$35,992$18,882
18 years$70,576$58,402$48,037$39,300$32,002$16,025
19 years$66,163$54,126$43,975$35,511$28,524$13,623
20 years$62,196$50,297$40,358$32,162$25,478$11,598
21 years$58,611$46,849$37,122$29,189$22,800$9,886
22 years$55,357$43,732$34,214$26,539$20,437$8,436
23 years$52,390$40,902$31,590$24,170$18,346$7,204
24 years$49,675$38,322$29,216$22,044$16,489$6,157
25 years$47,180$35,964$27,059$20,132$14,838$5,265
26 years$44,881$33,800$25,096$18,408$13,365$4,505
27 years$42,756$31,810$23,304$16,849$12,050$3,857
28 years$40,787$29,974$21,664$15,437$10,873$3,303
29 years$38,956$28,277$20,160$14,156$9,818$2,829
30 years$37,251$26,705$18,779$12,992$8,871$2,425
31 years$35,659$25,245$17,507$11,932$8,020$2,078
32 years$34,169$23,887$16,334$10,966$7,255$1,782
33 years$32,773$22,621$15,251$10,084$6,566$1,528
34 years$31,461$21,440$14,250$9,278$5,945$1,310
35 years$30,227$20,335$13,323$8,541$5,384$1,124
36 years$29,065$19,301$12,463$7,866$4,878$964
37 years$27,967$18,332$11,665$7,248$4,421$827
38 years$26,930$17,422$10,924$6,680$4,008$709
39 years$25,949$16,566$10,235$6,160$3,635$609
40 years$25,019$15,761$9,593$5,681$3,297$522
41 years$24,137$15,003$8,995$5,242$2,991$448
42 years$23,299$14,289$8,438$4,838$2,714$385
43 years$22,502$13,614$7,918$4,466$2,463$330
44 years$21,743$12,977$7,432$4,123$2,236$283
45 years$21,020$12,375$6,978$3,808$2,030$243
46 years$20,331$11,805$6,554$3,517$1,843$209
47 years$19,673$11,266$6,158$3,250$1,674$179
48 years$19,044$10,755$5,786$3,003$1,520$154
49 years$18,443$10,270$5,439$2,775$1,380$132
50 years$17,867$9,810$5,113$2,565$1,254$113

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 $4,827 every year, while hoping to spend $33,531 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: 71/11/18 Blend
55$18,300,000$18,300,000$18,300,000$18,300,000
56$20,171,579$19,201,679$18,918,029$21,517,232
57$22,193,403$20,106,885$19,516,106$23,318,268
58$24,420,330$21,055,321$20,133,095$25,284,973
59$26,873,244$22,049,072$20,769,594$27,437,356
60$29,575,159$23,090,321$21,426,220$29,793,791
61$32,551,437$24,181,358$22,103,610$32,374,503
62$35,830,022$25,324,584$22,802,419$35,201,757
63$39,441,711$26,522,515$23,523,327$38,300,064
64$43,420,438$27,777,791$24,267,031$41,696,411
65$47,803,599$29,093,179$25,034,253$45,420,510
66$52,632,403$30,471,581$25,825,737$49,505,077
67$57,952,259$31,916,039$26,642,250$53,986,135
68$63,813,207$33,429,744$27,484,584$58,903,352
69$70,270,392$35,016,038$28,353,555$64,300,412
70$77,384,579$36,678,431$29,250,006$70,225,421
71$85,222,731$38,420,599$30,174,806$76,731,358
72$93,858,639$40,246,399$31,128,852$83,876,572
73$103,373,621$42,159,873$32,113,069$91,725,324
74$113,857,285$44,165,262$33,128,412$100,348,393
75$125,408,379$46,267,010$34,175,864$109,823,738
76$138,135,721$48,469,781$35,256,443$120,237,227
77$152,159,225$50,778,461$36,371,194$131,683,443
78$167,611,037$53,198,177$37,521,201$144,266,571
79$184,636,779$55,734,303$38,707,576$158,101,378
80$203,396,922$58,392,476$39,931,473$173,314,284
81$224,068,307$61,178,606$41,194,076$190,044,555
82$246,845,808$64,098,891$42,496,610$208,445,607
83$271,944,173$67,159,830$43,840,340$228,686,451
84$299,600,055$70,368,237$45,226,567$250,953,275
85$330,074,240$73,731,260$46,656,637$275,451,199
86$363,654,114$77,256,394$48,131,935$302,406,204
87$400,656,372$80,951,496$49,653,894$332,067,250
88$441,430,012$84,824,808$51,223,989$364,708,626
89$486,359,623$88,884,974$52,843,743$400,632,524
90$535,869,023$93,141,056$54,514,726$440,171,886
91$590,425,254$97,602,559$56,238,560$483,693,532
92$650,542,995$102,279,449$58,016,917$531,601,619
93$716,789,418$107,182,179$59,851,521$584,341,442
94$789,789,543$112,321,711$61,744,152$642,403,625
95$870,232,142$117,709,540$63,696,646$706,328,743
96$958,876,233$123,357,720$65,710,896$776,712,414
97$1,056,558,254$129,278,894$67,788,857$854,210,904
98$1,164,199,956$135,486,320$69,932,544$939,547,315
99$1,282,817,104$141,993,901$72,144,036$1,033,518,393
100$1,413,529,066$148,816,220$74,425,479$1,137,002,038