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%12.3%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,453,129
2 years$752,205$738,196$724,619$711,455$698,687$684,469
3 years$496,489$482,419$468,877$455,836$443,275$429,395
4 years$368,656$354,629$341,222$328,404$316,148$302,711
5 years$291,976$278,034$264,802$252,246$240,331$227,377
6 years$240,873$227,035$214,000$201,723$190,165$177,712
7 years$204,385$190,664$177,835$165,848$154,655$142,706
8 years$177,031$163,434$150,818$139,126$128,302$116,857
9 years$155,768$142,299$129,899$118,504$108,048$97,104
10 years$138,767$125,430$113,249$102,152$92,063$81,612
11 years$124,866$111,663$99,703$88,903$79,177$69,212
12 years$113,290$100,222$88,484$77,980$68,613$59,124
13 years$103,503$90,572$79,054$68,844$59,832$50,807
14 years$95,121$82,327$71,031$61,112$52,448$43,876
15 years$87,863$75,207$64,131$54,501$46,180$38,048
16 years$81,519$69,001$58,144$48,800$40,814$33,108
17 years$75,927$63,548$52,909$43,846$36,188$28,896
18 years$70,962$58,721$48,299$39,514$32,177$25,283
19 years$66,524$54,422$44,216$35,705$28,680$22,171
20 years$62,536$50,571$40,579$32,337$25,617$19,478
21 years$58,932$47,105$37,325$29,348$22,925$17,140
22 years$55,660$43,971$34,400$26,684$20,549$15,104
23 years$52,677$41,125$31,763$24,302$18,446$13,326
24 years$49,946$38,532$29,375$22,165$16,580$11,770
25 years$47,438$36,160$27,207$20,242$14,919$10,406
26 years$45,127$33,985$25,233$18,508$13,439$9,208
27 years$42,990$31,984$23,431$16,941$12,116$8,153
28 years$41,010$30,138$21,783$15,522$10,932$7,224
29 years$39,169$28,432$20,270$14,234$9,872$6,405
30 years$37,454$26,851$18,881$13,063$8,920$5,681
31 years$35,854$25,383$17,602$11,997$8,064$5,041
32 years$34,356$24,017$16,423$11,026$7,295$4,475
33 years$32,952$22,745$15,335$10,139$6,602$3,974
34 years$31,633$21,557$14,328$9,329$5,977$3,530
35 years$30,392$20,446$13,395$8,588$5,414$3,137
36 years$29,223$19,407$12,531$7,909$4,905$2,788
37 years$28,120$18,432$11,729$7,287$4,446$2,478
38 years$27,078$17,517$10,984$6,717$4,030$2,203
39 years$26,091$16,657$10,290$6,193$3,655$1,959
40 years$25,156$15,848$9,645$5,712$3,315$1,743
41 years$24,269$15,085$9,044$5,270$3,008$1,550
42 years$23,426$14,367$8,484$4,864$2,729$1,379
43 years$22,625$13,689$7,961$4,490$2,477$1,227
44 years$21,862$13,048$7,473$4,146$2,248$1,092
45 years$21,135$12,443$7,017$3,829$2,041$972
46 years$20,442$11,870$6,590$3,537$1,853$865
47 years$19,780$11,327$6,191$3,267$1,683$770
48 years$19,148$10,813$5,818$3,019$1,528$685
49 years$18,543$10,326$5,469$2,790$1,388$610
50 years$17,965$9,864$5,141$2,579$1,261$543

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 $4,339 every year, while hoping to spend $21,941 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: 77/5/18 Blend
55$18,400,000$18,400,000$18,400,000$18,400,000
56$20,281,276$19,306,076$19,020,876$21,760,141
57$22,326,621$20,228,728$19,634,730$23,660,708
58$24,579,856$21,195,856$20,268,413$25,741,342
59$27,062,162$22,209,614$20,922,566$28,022,608
60$29,796,881$23,272,263$21,597,850$30,524,553
61$32,809,735$24,386,176$22,294,950$33,269,256
62$36,129,066$25,553,837$23,014,570$36,281,030
63$39,786,112$26,777,856$23,757,438$39,586,649
64$43,815,290$28,060,965$24,524,307$43,215,604
65$48,254,530$29,406,033$25,315,952$47,200,375
66$53,145,630$30,816,067$26,133,175$51,576,736
67$58,534,651$32,294,221$26,976,803$56,384,089
68$64,472,349$33,843,801$27,847,689$61,665,837
69$71,014,658$35,468,277$28,746,716$67,469,788
70$78,223,215$37,171,285$29,674,793$73,848,603
71$86,165,945$38,956,639$30,632,860$80,860,294
72$94,917,698$40,828,341$31,621,888$88,568,764
73$104,560,958$42,790,585$32,642,876$97,044,413
74$115,186,624$44,847,772$33,696,861$106,364,792
75$126,894,861$47,004,514$34,784,907$116,615,339
76$139,796,054$49,265,652$35,908,118$127,890,176
77$154,011,842$51,636,260$37,067,631$140,292,999
78$169,676,274$54,121,661$38,264,620$153,938,050
79$186,937,067$56,727,435$39,500,298$168,951,192
80$205,957,006$59,459,438$40,775,917$185,471,095
81$226,915,478$62,323,808$42,092,768$203,650,537
82$250,010,166$65,326,984$43,452,185$223,657,848
83$275,458,916$68,475,719$44,855,546$245,678,487
84$303,501,791$71,777,095$46,304,272$269,916,796
85$334,403,341$75,238,540$47,799,833$296,597,917
86$368,455,096$78,867,843$49,343,741$325,969,916
87$405,978,323$82,673,174$50,937,563$358,306,120
88$447,327,054$86,663,101$52,582,914$393,907,691
89$492,891,433$90,846,612$54,281,461$433,106,462
90$543,101,394$95,233,131$56,034,924$476,268,065
91$598,430,724$99,832,543$57,845,083$523,795,376
92$659,401,536$104,655,216$59,713,771$576,132,313
93$726,589,193$109,712,022$61,642,883$633,768,019
94$800,627,745$115,014,365$63,634,374$697,241,473
95$882,215,913$120,574,207$65,690,263$767,146,569
96$972,123,684$126,404,091$67,812,635$844,137,719
97$1,071,199,583$132,517,175$70,003,641$928,936,021
98$1,180,378,681$138,927,257$72,265,504$1,022,336,058
99$1,300,691,424$145,648,810$74,600,516$1,125,213,389
100$1,433,273,362$152,697,014$77,011,046$1,238,532,811