Can I retire at age 56 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,429,711
2 years$756,293$742,208$728,557$715,322$702,484$657,036
3 years$499,187$485,041$471,425$458,314$445,685$401,720
4 years$370,659$356,557$343,077$330,189$317,866$275,721
5 years$293,563$279,545$266,242$253,617$241,637$201,425
6 years$242,182$228,269$215,163$202,820$191,199$152,956
7 years$205,496$191,700$178,801$166,749$155,496$119,219
8 years$177,994$164,322$151,638$139,882$128,999$94,664
9 years$156,614$143,072$130,605$119,148$108,636$76,206
10 years$139,521$126,111$113,865$102,707$92,563$61,991
11 years$125,544$112,269$100,245$89,386$79,607$50,839
12 years$113,906$100,767$88,965$78,403$68,986$41,962
13 years$104,065$91,064$79,484$69,218$60,157$34,813
14 years$95,638$82,775$71,417$61,444$52,733$29,002
15 years$88,341$75,616$64,480$54,798$46,431$24,244
16 years$81,962$69,376$58,460$49,065$41,036$20,322
17 years$76,340$63,893$53,197$44,085$36,385$17,075
18 years$71,347$59,040$48,562$39,729$32,352$14,373
19 years$66,886$54,718$44,456$35,899$28,836$12,119
20 years$62,876$50,846$40,799$32,513$25,757$10,231
21 years$59,252$47,361$37,528$29,508$23,049$8,647
22 years$55,962$44,210$34,587$26,829$20,660$7,316
23 years$52,963$41,349$31,935$24,434$18,546$6,194
24 years$50,218$38,741$29,535$22,285$16,670$5,247
25 years$47,696$36,357$27,355$20,352$15,000$4,448
26 years$45,372$34,169$25,371$18,609$13,512$3,773
27 years$43,224$32,157$23,559$17,033$12,182$3,201
28 years$41,232$30,302$21,901$15,606$10,992$2,717
29 years$39,382$28,586$20,381$14,311$9,925$2,306
30 years$37,658$26,997$18,984$13,134$8,968$1,958
31 years$36,048$25,521$17,698$12,063$8,108$1,663
32 years$34,543$24,148$16,513$11,086$7,334$1,413
33 years$33,131$22,868$15,418$10,194$6,638$1,201
34 years$31,805$21,674$14,406$9,380$6,010$1,020
35 years$30,558$20,557$13,468$8,635$5,443$867
36 years$29,382$19,512$12,599$7,952$4,932$737
37 years$28,273$18,532$11,793$7,327$4,470$626
38 years$27,225$17,612$11,043$6,753$4,052$532
39 years$26,233$16,747$10,346$6,227$3,675$453
40 years$25,292$15,934$9,698$5,743$3,333$385
41 years$24,400$15,167$9,093$5,299$3,024$327
42 years$23,553$14,445$8,530$4,890$2,744$278
43 years$22,748$13,763$8,004$4,514$2,490$236
44 years$21,981$13,119$7,513$4,168$2,260$201
45 years$21,250$12,510$7,055$3,850$2,052$171
46 years$20,553$11,934$6,626$3,556$1,863$145
47 years$19,888$11,389$6,225$3,285$1,692$124
48 years$19,252$10,872$5,850$3,036$1,536$105
49 years$18,644$10,382$5,498$2,805$1,395$89
50 years$18,062$9,918$5,169$2,593$1,267$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $18,500,000, adding $2,688 every year, while hoping to spend $59,528 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: 30/45/25 Blend
55$18,500,000$18,500,000$18,500,000$18,500,000
56$20,389,773$19,409,273$19,122,523$20,843,619
57$22,406,192$20,296,990$19,699,790$22,082,479
58$24,626,291$21,226,210$20,294,400$23,408,837
59$27,070,783$22,198,904$20,906,872$24,834,519
60$29,762,489$23,217,137$21,537,739$26,368,184
61$32,726,560$24,283,073$22,187,551$28,019,310
62$35,990,708$25,398,983$22,856,872$29,798,276
63$39,585,469$26,567,241$23,546,286$31,716,450
64$43,544,492$27,790,342$24,256,392$33,786,287
65$47,904,857$29,070,895$24,987,808$36,021,440
66$52,707,422$30,411,639$25,741,169$38,436,872
67$57,997,211$31,815,441$26,517,130$41,048,991
68$63,823,838$33,285,309$27,316,366$43,875,794
69$70,241,975$34,824,395$28,139,569$46,937,021
70$77,311,867$36,436,001$28,987,456$50,254,336
71$85,099,902$38,123,589$29,860,760$53,851,509
72$93,679,237$39,890,790$30,760,240$57,754,635
73$103,130,487$41,741,407$31,686,676$61,992,363
74$113,542,487$43,679,426$32,640,871$66,596,153
75$125,013,132$45,709,029$33,623,651$71,600,554
76$137,650,295$47,834,595$34,635,867$77,043,518
77$151,572,853$50,060,718$35,678,396$82,966,739
78$166,911,801$52,392,210$36,752,139$89,416,032
79$183,811,496$54,834,120$37,858,027$96,441,741
80$202,431,012$57,391,735$38,997,014$104,099,202
81$222,945,647$60,070,602$40,170,086$112,449,241
82$245,548,575$62,876,534$41,378,256$121,558,726
83$270,452,670$65,815,624$42,622,568$131,501,181
84$297,892,514$68,894,261$43,904,096$142,357,451
85$328,126,612$72,119,142$45,223,945$154,216,447
86$361,439,834$75,497,287$46,583,255$167,175,953
87$398,146,100$79,036,058$47,983,197$181,343,531
88$438,591,347$82,743,169$49,424,979$196,837,500
89$483,156,791$86,626,711$50,909,842$213,788,032
90$532,262,527$90,695,163$52,439,065$232,338,343
91$586,371,497$94,957,418$54,013,965$252,646,019
92$645,993,854$99,422,796$55,635,898$274,884,469
93$711,691,785$104,101,070$57,306,258$299,244,524
94$784,084,811$109,002,487$59,026,482$325,936,206
95$863,855,640$114,137,787$60,798,047$355,190,673
96$951,756,610$119,518,234$62,622,477$387,262,356
97$1,048,616,792$125,155,635$64,501,338$422,431,326
98$1,155,349,815$131,062,371$66,436,242$461,005,890
99$1,272,962,489$137,251,421$68,428,850$503,325,455
100$1,402,564,317$143,736,394$70,480,870$549,763,690