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%15.3%
1 years$1,519,455$1,505,920$1,492,716$1,479,827$1,467,242$1,435,271
2 years$752,205$738,196$724,619$711,455$698,687$666,638
3 years$496,489$482,419$468,877$455,836$443,275$412,149
4 years$368,656$354,629$341,222$328,404$316,148$286,183
5 years$291,976$278,034$264,802$252,246$240,331$211,612
6 years$240,873$227,035$214,000$201,723$190,165$162,724
7 years$204,385$190,664$177,835$165,848$154,655$128,496
8 years$177,031$163,434$150,818$139,126$128,302$103,415
9 years$155,768$142,299$129,899$118,504$108,048$84,417
10 years$138,767$125,430$113,249$102,152$92,063$69,661
11 years$124,866$111,663$99,703$88,903$79,177$57,977
12 years$113,290$100,222$88,484$77,980$68,613$48,582
13 years$103,503$90,572$79,054$68,844$59,832$40,933
14 years$95,121$82,327$71,031$61,112$52,448$34,645
15 years$87,863$75,207$64,131$54,501$46,180$29,431
16 years$81,519$69,001$58,144$48,800$40,814$25,080
17 years$75,927$63,548$52,909$43,846$36,188$21,427
18 years$70,962$58,721$48,299$39,514$32,177$18,346
19 years$66,524$54,422$44,216$35,705$28,680$15,737
20 years$62,536$50,571$40,579$32,337$25,617$13,520
21 years$58,932$47,105$37,325$29,348$22,925$11,631
22 years$55,660$43,971$34,400$26,684$20,549$10,017
23 years$52,677$41,125$31,763$24,302$18,446$8,636
24 years$49,946$38,532$29,375$22,165$16,580$7,451
25 years$47,438$36,160$27,207$20,242$14,919$6,433
26 years$45,127$33,985$25,233$18,508$13,439$5,558
27 years$42,990$31,984$23,431$16,941$12,116$4,804
28 years$41,010$30,138$21,783$15,522$10,932$4,155
29 years$39,169$28,432$20,270$14,234$9,872$3,594
30 years$37,454$26,851$18,881$13,063$8,920$3,111
31 years$35,854$25,383$17,602$11,997$8,064$2,693
32 years$34,356$24,017$16,423$11,026$7,295$2,332
33 years$32,952$22,745$15,335$10,139$6,602$2,019
34 years$31,633$21,557$14,328$9,329$5,977$1,749
35 years$30,392$20,446$13,395$8,588$5,414$1,516
36 years$29,223$19,407$12,531$7,909$4,905$1,313
37 years$28,120$18,432$11,729$7,287$4,446$1,138
38 years$27,078$17,517$10,984$6,717$4,030$986
39 years$26,091$16,657$10,290$6,193$3,655$855
40 years$25,156$15,848$9,645$5,712$3,315$741
41 years$24,269$15,085$9,044$5,270$3,008$643
42 years$23,426$14,367$8,484$4,864$2,729$557
43 years$22,625$13,689$7,961$4,490$2,477$483
44 years$21,862$13,048$7,473$4,146$2,248$419
45 years$21,135$12,443$7,017$3,829$2,041$363
46 years$20,442$11,870$6,590$3,537$1,853$315
47 years$19,780$11,327$6,191$3,267$1,683$273
48 years$19,148$10,813$5,818$3,019$1,528$237
49 years$18,543$10,326$5,469$2,790$1,388$205
50 years$17,965$9,864$5,141$2,579$1,261$178

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 $3,221 every year, while hoping to spend $31,729 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: 79/5/16 Blend
55$18,400,000$18,400,000$18,400,000$18,400,000
56$20,280,122$19,304,922$19,019,722$21,812,820
57$22,314,936$20,217,104$19,623,124$23,735,187
58$24,556,236$21,172,920$20,245,676$25,839,591
59$27,025,052$22,174,473$20,887,986$28,147,734
60$29,744,557$23,223,971$21,550,682$30,680,009
61$32,740,283$24,323,727$22,234,412$33,458,876
62$36,040,370$25,476,167$22,939,842$36,509,067
63$39,675,823$26,683,836$23,667,663$39,857,825
64$43,680,812$27,949,399$24,418,585$43,535,152
65$48,092,989$29,275,653$25,193,341$47,574,098
66$52,953,845$30,665,531$25,992,689$52,011,061
67$58,309,102$32,122,107$26,817,409$56,886,139
68$64,209,146$33,648,605$27,668,307$62,243,496
69$70,709,498$35,248,406$28,546,215$68,131,785
70$77,871,343$36,925,054$29,451,990$74,604,600
71$85,762,105$38,682,267$30,386,516$81,720,979
72$94,456,083$40,523,941$31,350,708$89,545,962
73$104,035,153$42,454,164$32,345,506$98,151,198
74$114,589,542$44,477,221$33,371,884$107,615,624
75$126,218,676$46,597,607$34,430,843$118,026,199
76$139,032,124$48,820,032$35,523,420$129,478,729
77$153,150,627$51,149,440$36,650,680$142,078,766
78$168,707,240$53,591,011$37,813,727$155,942,598
79$185,848,587$56,150,180$39,013,696$171,198,348
80$204,736,248$58,832,644$40,251,759$187,987,176
81$225,548,280$61,644,378$41,529,128$206,464,608
82$248,480,901$64,591,649$42,847,050$226,802,003
83$273,750,340$67,681,027$44,206,814$249,188,163
84$301,594,881$70,919,403$45,609,748$273,831,116
85$332,277,107$74,314,002$47,057,223$300,960,067
86$366,086,386$77,872,403$48,550,654$330,827,565
87$403,341,598$81,602,551$50,091,501$363,711,879
88$444,394,145$85,512,780$51,681,271$399,919,620
89$489,631,271$89,611,829$53,321,516$439,788,628
90$539,479,714$93,908,862$55,013,841$483,691,162
91$594,409,739$98,413,491$56,759,899$532,037,401
92$654,939,575$103,135,794$58,561,397$585,279,315
93$721,640,305$108,086,341$60,420,097$643,914,926
94$795,141,261$113,276,217$62,337,816$708,492,998
95$876,135,965$118,717,047$64,316,428$779,618,219
96$965,388,673$124,421,022$66,357,868$857,956,892
97$1,063,741,592$130,400,927$68,464,131$944,243,230
98$1,172,122,833$136,670,170$70,637,278$1,039,286,269
99$1,291,555,167$143,242,814$72,879,432$1,143,977,503
100$1,423,165,687$150,133,605$75,192,786$1,259,299,294