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%15.9%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,439,553
2 years$756,293$742,208$728,557$715,322$702,484$666,768
3 years$499,187$485,041$471,425$458,314$445,685$411,033
4 years$370,659$356,557$343,077$330,189$317,866$284,545
5 years$293,563$279,545$266,242$253,617$241,637$209,739
6 years$242,182$228,269$215,163$202,820$191,199$160,757
7 years$205,496$191,700$178,801$166,749$155,496$126,513
8 years$177,994$164,322$151,638$139,882$128,999$101,464
9 years$156,614$143,072$130,605$119,148$108,636$82,525
10 years$139,521$126,111$113,865$102,707$92,563$67,848
11 years$125,544$112,269$100,245$89,386$79,607$56,253
12 years$113,906$100,767$88,965$78,403$68,986$46,952
13 years$104,065$91,064$79,484$69,218$60,157$39,402
14 years$95,638$82,775$71,417$61,444$52,733$33,212
15 years$88,341$75,616$64,480$54,798$46,431$28,097
16 years$81,962$69,376$58,460$49,065$41,036$23,841
17 years$76,340$63,893$53,197$44,085$36,385$20,280
18 years$71,347$59,040$48,562$39,729$32,352$17,288
19 years$66,886$54,718$44,456$35,899$28,836$14,763
20 years$62,876$50,846$40,799$32,513$25,757$12,626
21 years$59,252$47,361$37,528$29,508$23,049$10,812
22 years$55,962$44,210$34,587$26,829$20,660$9,269
23 years$52,963$41,349$31,935$24,434$18,546$7,953
24 years$50,218$38,741$29,535$22,285$16,670$6,830
25 years$47,696$36,357$27,355$20,352$15,000$5,869
26 years$45,372$34,169$25,371$18,609$13,512$5,046
27 years$43,224$32,157$23,559$17,033$12,182$4,340
28 years$41,232$30,302$21,901$15,606$10,992$3,735
29 years$39,382$28,586$20,381$14,311$9,925$3,216
30 years$37,658$26,997$18,984$13,134$8,968$2,769
31 years$36,048$25,521$17,698$12,063$8,108$2,385
32 years$34,543$24,148$16,513$11,086$7,334$2,055
33 years$33,131$22,868$15,418$10,194$6,638$1,771
34 years$31,805$21,674$14,406$9,380$6,010$1,526
35 years$30,558$20,557$13,468$8,635$5,443$1,316
36 years$29,382$19,512$12,599$7,952$4,932$1,134
37 years$28,273$18,532$11,793$7,327$4,470$978
38 years$27,225$17,612$11,043$6,753$4,052$843
39 years$26,233$16,747$10,346$6,227$3,675$727
40 years$25,292$15,934$9,698$5,743$3,333$627
41 years$24,400$15,167$9,093$5,299$3,024$541
42 years$23,553$14,445$8,530$4,890$2,744$467
43 years$22,748$13,763$8,004$4,514$2,490$403
44 years$21,981$13,119$7,513$4,168$2,260$347
45 years$21,250$12,510$7,055$3,850$2,052$300
46 years$20,553$11,934$6,626$3,556$1,863$258
47 years$19,888$11,389$6,225$3,285$1,692$223
48 years$19,252$10,872$5,850$3,036$1,536$192
49 years$18,644$10,382$5,498$2,805$1,395$166
50 years$18,062$9,918$5,169$2,593$1,267$143

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 $5,555 every year, while hoping to spend $27,446 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: 85/6/9 Blend
55$18,500,000$18,500,000$18,500,000$18,500,000
56$20,392,730$19,412,230$19,125,480$22,102,102
57$22,443,586$20,334,227$19,736,981$24,141,284
58$24,702,710$21,300,482$20,368,048$26,377,005
59$27,191,315$22,313,134$21,019,306$28,832,483
60$29,932,779$23,374,428$21,691,403$31,529,816
61$32,952,863$24,486,716$22,385,006$34,493,346
62$36,279,955$25,652,464$23,100,803$37,749,881
63$39,945,335$26,874,260$23,839,505$41,328,952
64$43,983,477$28,154,816$24,601,846$45,263,089
65$48,432,365$29,496,976$25,388,582$49,588,123
66$53,333,862$30,903,723$26,200,494$54,343,525
67$58,734,095$32,378,185$27,038,390$59,572,775
68$64,683,898$33,923,641$27,903,101$65,323,774
69$71,239,286$35,543,530$28,795,486$71,649,287
70$78,461,990$37,241,459$29,716,431$78,607,446
71$86,420,032$39,021,211$30,666,851$86,262,293
72$95,188,375$40,886,750$31,647,690$94,684,382
73$104,849,625$42,842,235$32,659,923$103,951,441
74$115,494,810$44,892,029$33,704,554$114,149,106
75$127,224,246$47,040,704$34,782,622$125,371,728
76$140,148,478$49,293,056$35,895,198$137,723,253
77$154,389,322$51,654,115$37,043,387$151,318,210
78$170,081,022$54,129,156$38,228,330$166,282,780
79$187,371,511$56,723,710$39,451,204$182,755,992
80$206,423,810$59,443,577$40,713,224$200,891,024
81$227,417,567$62,294,840$42,015,645$220,856,653
82$250,550,750$65,283,878$43,359,760$242,838,838
83$276,041,520$68,417,382$44,746,906$267,042,476
84$304,130,289$71,702,368$46,178,461$293,693,330
85$335,081,987$75,146,192$47,655,848$323,040,156
86$369,188,566$78,756,572$49,180,536$355,357,047
87$406,771,755$82,541,599$50,754,039$390,946,019
88$448,186,097$86,509,761$52,377,922$430,139,851
89$493,822,296$90,669,956$54,053,799$473,305,225
90$544,110,905$95,031,519$55,783,337$520,846,186
91$599,526,393$99,604,239$57,568,254$573,207,941
92$660,591,620$104,398,381$59,410,325$630,881,068
93$727,882,777$109,424,713$61,311,382$694,406,130
94$802,034,822$114,694,526$63,273,316$764,378,783
95$883,747,478$120,219,662$65,298,076$841,455,381
96$973,791,835$126,012,540$67,387,676$926,359,175
97$1,073,017,633$132,086,186$69,544,194$1,019,887,130
98$1,182,361,283$138,454,259$71,769,776$1,122,917,440
99$1,302,854,704$145,131,088$74,066,633$1,236,417,813
100$1,435,635,070$152,131,698$76,437,051$1,361,454,598