Can I retire at age 56 with 18,400,000?

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 $18,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,416,310
2 years$752,205$738,196$724,619$711,455$698,687$647,900
3 years$496,489$482,419$468,877$455,836$443,275$394,230
4 years$368,656$354,629$341,222$328,404$316,148$269,219
5 years$291,976$278,034$264,802$252,246$240,331$195,641
6 years$240,873$227,035$214,000$201,723$190,165$147,750
7 years$204,385$190,664$177,835$165,848$154,655$114,507
8 years$177,031$163,434$150,818$139,126$128,302$90,387
9 years$155,768$142,299$129,899$118,504$108,048$72,320
10 years$138,767$125,430$113,249$102,152$92,063$58,461
11 years$124,866$111,663$99,703$88,903$79,177$47,635
12 years$113,290$100,222$88,484$77,980$68,613$39,057
13 years$103,503$90,572$79,054$68,844$59,832$32,183
14 years$95,121$82,327$71,031$61,112$52,448$26,626
15 years$87,863$75,207$64,131$54,501$46,180$22,100
16 years$81,519$69,001$58,144$48,800$40,814$18,392
17 years$75,927$63,548$52,909$43,846$36,188$15,340
18 years$70,962$58,721$48,299$39,514$32,177$12,817
19 years$66,524$54,422$44,216$35,705$28,680$10,725
20 years$62,536$50,571$40,579$32,337$25,617$8,986
21 years$58,932$47,105$37,325$29,348$22,925$7,536
22 years$55,660$43,971$34,400$26,684$20,549$6,326
23 years$52,677$41,125$31,763$24,302$18,446$5,314
24 years$49,946$38,532$29,375$22,165$16,580$4,466
25 years$47,438$36,160$27,207$20,242$14,919$3,756
26 years$45,127$33,985$25,233$18,508$13,439$3,160
27 years$42,990$31,984$23,431$16,941$12,116$2,659
28 years$41,010$30,138$21,783$15,522$10,932$2,239
29 years$39,169$28,432$20,270$14,234$9,872$1,885
30 years$37,454$26,851$18,881$13,063$8,920$1,588
31 years$35,854$25,383$17,602$11,997$8,064$1,337
32 years$34,356$24,017$16,423$11,026$7,295$1,127
33 years$32,952$22,745$15,335$10,139$6,602$949
34 years$31,633$21,557$14,328$9,329$5,977$800
35 years$30,392$20,446$13,395$8,588$5,414$674
36 years$29,223$19,407$12,531$7,909$4,905$568
37 years$28,120$18,432$11,729$7,287$4,446$479
38 years$27,078$17,517$10,984$6,717$4,030$404
39 years$26,091$16,657$10,290$6,193$3,655$340
40 years$25,156$15,848$9,645$5,712$3,315$287
41 years$24,269$15,085$9,044$5,270$3,008$242
42 years$23,426$14,367$8,484$4,864$2,729$204
43 years$22,625$13,689$7,961$4,490$2,477$172
44 years$21,862$13,048$7,473$4,146$2,248$145
45 years$21,135$12,443$7,017$3,829$2,041$122
46 years$20,442$11,870$6,590$3,537$1,853$103
47 years$19,780$11,327$6,191$3,267$1,683$87
48 years$19,148$10,813$5,818$3,019$1,528$73
49 years$18,543$10,326$5,469$2,790$1,388$62
50 years$17,965$9,864$5,141$2,579$1,261$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $18,400,000, adding $2,893 every year, while hoping to spend $59,096 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: 64/27/9 Blend
55$18,400,000$18,400,000$18,400,000$18,400,000
56$20,279,784$19,304,584$19,019,384$21,539,408
57$22,285,444$20,187,631$19,593,656$23,262,851
58$24,493,701$21,111,967$20,185,185$25,137,273
59$26,925,158$22,079,552$20,794,487$27,183,020
60$29,602,515$23,092,441$21,422,094$29,416,736
61$32,550,789$24,152,788$22,068,551$31,856,724
62$35,797,545$25,262,850$22,734,423$34,523,118
63$39,373,156$26,424,992$23,420,289$37,438,063
64$43,311,095$27,641,693$24,126,745$40,625,924
65$47,648,242$28,915,552$24,854,407$44,113,506
66$52,425,240$30,249,291$25,603,906$47,930,304
67$57,686,874$31,645,765$26,375,896$52,108,772
68$63,482,493$33,107,966$27,171,047$56,684,627
69$69,866,480$34,639,028$27,990,049$61,697,174
70$76,898,759$36,242,239$28,833,614$67,189,676
71$84,645,367$37,921,043$29,702,475$73,209,750
72$93,179,071$39,679,051$30,597,384$79,809,811
73$102,580,059$41,520,047$31,519,119$87,047,557
74$112,936,694$43,447,999$32,468,480$94,986,509
75$124,346,351$45,467,065$33,446,288$103,696,596
76$136,916,332$47,581,604$34,453,391$113,254,811
77$150,764,879$49,796,184$35,490,661$123,745,923
78$166,022,296$52,115,597$36,558,998$135,263,273
79$182,832,171$54,544,861$37,659,324$147,909,638
80$201,352,734$57,089,241$38,792,593$161,798,196
81$221,758,352$59,754,253$39,959,785$177,053,578
82$244,241,174$62,545,682$41,161,908$193,813,034
83$269,012,944$65,469,590$42,400,001$212,227,718
84$296,306,997$68,532,333$43,675,135$232,464,097
85$326,380,468$71,740,575$44,988,409$254,705,513
86$359,516,714$75,101,300$46,340,958$279,153,894
87$396,027,987$78,621,833$47,733,949$306,031,651
88$436,258,389$82,309,849$49,168,583$335,583,758
89$480,587,110$86,173,398$50,646,097$368,080,045
90$529,432,019$90,220,918$52,167,764$403,817,734
91$583,253,596$94,461,254$53,734,895$443,124,223
92$642,559,288$98,903,681$55,348,840$486,360,155
93$707,908,297$103,557,923$57,010,987$533,922,807
94$779,916,855$108,434,173$58,722,767$586,249,818
95$859,264,047$113,543,120$60,485,652$643,823,295
96$946,698,215$118,895,968$62,301,158$707,174,347
97$1,043,044,030$124,504,468$64,170,843$776,888,069
98$1,149,210,270$130,380,935$66,096,315$853,609,042
99$1,266,198,402$136,538,286$68,079,226$938,047,395
100$1,395,112,037$142,990,060$70,121,279$1,030,985,475