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

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,437,803
2 years$756,293$742,208$728,557$715,322$702,484$665,034
3 years$499,187$485,041$471,425$458,314$445,685$409,369
4 years$370,659$356,557$343,077$330,189$317,866$282,964
5 years$293,563$279,545$266,242$253,617$241,637$208,245
6 years$242,182$228,269$215,163$202,820$191,199$159,350
7 years$205,496$191,700$178,801$166,749$155,496$125,194
8 years$177,994$164,322$151,638$139,882$128,999$100,229
9 years$156,614$143,072$130,605$119,148$108,636$81,374
10 years$139,521$126,111$113,865$102,707$92,563$66,777
11 years$125,544$112,269$100,245$89,386$79,607$55,259
12 years$113,906$100,767$88,965$78,403$68,986$46,032
13 years$104,065$91,064$79,484$69,218$60,157$38,553
14 years$95,638$82,775$71,417$61,444$52,733$32,429
15 years$88,341$75,616$64,480$54,798$46,431$27,377
16 years$81,962$69,376$58,460$49,065$41,036$23,180
17 years$76,340$63,893$53,197$44,085$36,385$19,676
18 years$71,347$59,040$48,562$39,729$32,352$16,735
19 years$66,886$54,718$44,456$35,899$28,836$14,259
20 years$62,876$50,846$40,799$32,513$25,757$12,168
21 years$59,252$47,361$37,528$29,508$23,049$10,396
22 years$55,962$44,210$34,587$26,829$20,660$8,891
23 years$52,963$41,349$31,935$24,434$18,546$7,611
24 years$50,218$38,741$29,535$22,285$16,670$6,520
25 years$47,696$36,357$27,355$20,352$15,000$5,589
26 years$45,372$34,169$25,371$18,609$13,512$4,794
27 years$43,224$32,157$23,559$17,033$12,182$4,114
28 years$41,232$30,302$21,901$15,606$10,992$3,532
29 years$39,382$28,586$20,381$14,311$9,925$3,033
30 years$37,658$26,997$18,984$13,134$8,968$2,605
31 years$36,048$25,521$17,698$12,063$8,108$2,239
32 years$34,543$24,148$16,513$11,086$7,334$1,924
33 years$33,131$22,868$15,418$10,194$6,638$1,654
34 years$31,805$21,674$14,406$9,380$6,010$1,422
35 years$30,558$20,557$13,468$8,635$5,443$1,223
36 years$29,382$19,512$12,599$7,952$4,932$1,051
37 years$28,273$18,532$11,793$7,327$4,470$904
38 years$27,225$17,612$11,043$6,753$4,052$778
39 years$26,233$16,747$10,346$6,227$3,675$669
40 years$25,292$15,934$9,698$5,743$3,333$575
41 years$24,400$15,167$9,093$5,299$3,024$495
42 years$23,553$14,445$8,530$4,890$2,744$426
43 years$22,748$13,763$8,004$4,514$2,490$366
44 years$21,981$13,119$7,513$4,168$2,260$315
45 years$21,250$12,510$7,055$3,850$2,052$271
46 years$20,553$11,934$6,626$3,556$1,863$233
47 years$19,888$11,389$6,225$3,285$1,692$201
48 years$19,252$10,872$5,850$3,036$1,536$173
49 years$18,644$10,382$5,498$2,805$1,395$149
50 years$18,062$9,918$5,169$2,593$1,267$128

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 $3,664 every year, while hoping to spend $43,385 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: 67/21/12 Blend
55$18,500,000$18,500,000$18,500,000$18,500,000
56$20,390,779$19,410,279$19,123,529$21,702,606
57$22,424,478$20,315,222$19,718,006$23,481,371
58$24,664,159$21,263,052$20,330,944$25,419,952
59$27,130,788$22,255,827$20,962,916$27,538,362
60$29,847,466$23,295,700$21,614,511$29,854,206
61$32,839,649$24,384,931$22,286,339$32,386,854
62$36,135,389$25,525,888$22,979,027$35,157,615
63$39,765,596$26,721,054$23,693,222$38,189,940
64$43,764,333$27,973,032$24,429,591$41,509,635
65$48,169,135$29,284,550$25,188,821$45,145,100
66$53,021,362$30,658,469$25,971,623$49,127,591
67$58,366,595$32,097,787$26,778,726$53,491,513
68$64,255,058$33,605,650$27,610,884$58,274,737
69$70,742,100$35,185,352$28,468,874$63,518,949
70$77,888,710$36,840,350$29,353,498$69,270,042
71$85,762,098$38,574,267$30,265,579$75,578,540
72$94,436,327$40,390,901$31,205,971$82,500,069
73$103,993,012$42,294,235$32,175,551$90,095,876
74$114,522,091$44,288,444$33,175,223$98,433,397
75$126,122,672$46,377,906$34,205,921$107,586,888
76$138,903,971$48,567,210$35,268,606$117,638,119
77$152,986,341$50,861,168$36,364,270$128,677,133
78$168,502,410$53,264,827$37,493,934$140,803,093
79$185,598,328$55,783,476$38,658,654$154,125,206
80$204,435,153$58,422,662$39,859,514$168,763,742
81$225,190,367$61,188,201$41,097,636$184,851,165
82$248,059,552$64,086,190$42,374,175$202,533,366
83$273,258,237$67,123,024$43,690,320$221,971,036
84$301,023,930$70,305,405$45,047,299$243,341,167
85$331,618,365$73,640,364$46,446,377$266,838,711
86$365,329,967$77,135,271$47,888,859$292,678,411
87$402,476,578$80,797,853$49,376,091$321,096,812
88$443,408,457$84,636,215$50,909,457$352,354,481
89$488,511,584$88,658,854$52,490,388$386,738,453
90$538,211,307$92,874,680$54,120,358$424,564,923
91$592,976,355$97,293,034$55,800,885$466,182,222
92$653,323,264$101,923,714$57,533,536$511,974,080
93$719,821,253$106,776,992$59,319,925$562,363,237
94$793,097,596$111,863,639$61,161,717$617,815,416
95$873,843,545$117,194,952$63,060,629$678,843,696
96$962,820,855$122,782,773$65,018,429$746,013,341
97$1,060,868,977$128,639,523$67,036,941$819,947,114
98$1,168,912,979$134,778,227$69,118,045$901,331,132
99$1,287,972,285$141,212,542$71,263,681$990,921,325
100$1,419,170,289$147,956,788$73,475,846$1,089,550,544