Can I retire at age 56 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,450,281
2 years$760,381$746,220$732,495$719,188$706,281$673,297
3 years$501,886$487,663$473,973$460,791$448,094$416,064
4 years$372,663$358,484$344,931$331,974$319,584$288,756
5 years$295,150$281,056$267,681$254,988$242,943$213,403
6 years$243,491$229,503$216,326$203,916$192,232$164,011
7 years$206,606$192,736$179,768$167,650$156,336$129,439
8 years$178,956$165,211$152,457$140,638$129,696$104,114
9 years$157,461$143,846$131,311$119,792$109,223$84,936
10 years$140,275$126,793$114,480$103,262$93,063$70,047
11 years$126,223$112,876$100,787$89,869$80,038$58,261
12 years$114,521$101,312$89,446$78,827$69,359$48,787
13 years$104,628$91,556$79,914$69,593$60,482$41,079
14 years$96,155$83,222$71,803$61,776$53,018$34,744
15 years$88,818$76,025$64,828$55,094$46,682$29,496
16 years$82,405$69,751$58,776$49,330$41,257$25,117
17 years$76,752$64,238$53,484$44,323$36,582$21,443
18 years$71,733$59,359$48,824$39,944$32,527$18,347
19 years$67,248$55,013$44,696$36,093$28,992$15,726
20 years$63,216$51,121$41,020$32,689$25,896$13,500
21 years$59,572$47,617$37,730$29,667$23,174$11,605
22 years$56,265$44,449$34,774$26,974$20,772$9,987
23 years$53,249$41,572$32,108$24,566$18,646$8,603
24 years$50,489$38,951$29,694$22,406$16,760$7,417
25 years$47,954$36,553$27,503$20,462$15,081$6,399
26 years$45,617$34,354$25,508$18,710$13,585$5,524
27 years$43,457$32,331$23,686$17,125$12,248$4,771
28 years$41,455$30,466$22,019$15,690$11,051$4,122
29 years$39,595$28,741$20,491$14,388$9,979$3,564
30 years$37,862$27,143$19,086$13,205$9,017$3,081
31 years$36,243$25,659$17,794$12,128$8,152$2,665
32 years$34,729$24,278$16,602$11,146$7,374$2,306
33 years$33,310$22,992$15,501$10,249$6,673$1,995
34 years$31,977$21,791$14,483$9,430$6,042$1,727
35 years$30,723$20,669$13,541$8,681$5,473$1,495
36 years$29,541$19,618$12,667$7,995$4,958$1,294
37 years$28,426$18,632$11,856$7,366$4,494$1,121
38 years$27,372$17,707$11,103$6,790$4,074$971
39 years$26,374$16,838$10,402$6,261$3,695$841
40 years$25,429$16,020$9,750$5,774$3,351$728
41 years$24,532$15,249$9,142$5,328$3,040$631
42 years$23,681$14,523$8,576$4,917$2,759$546
43 years$22,871$13,837$8,047$4,539$2,504$473
44 years$22,099$13,190$7,554$4,191$2,273$410
45 years$21,365$12,578$7,093$3,870$2,063$355
46 years$20,664$11,999$6,662$3,575$1,873$308
47 years$19,995$11,450$6,259$3,303$1,701$267
48 years$19,356$10,931$5,881$3,052$1,545$231
49 years$18,745$10,439$5,528$2,821$1,403$200
50 years$18,160$9,971$5,197$2,607$1,274$173

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $18,600,000, adding $3,979 every year, while hoping to spend $44,097 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: 60/33/7 Blend
55$18,600,000$18,600,000$18,600,000$18,600,000
56$20,501,304$19,515,504$19,227,204$21,701,809
57$22,545,519$20,424,845$19,824,397$23,415,502
58$24,796,765$21,377,266$20,440,117$25,278,387
59$27,276,113$22,374,831$21,074,940$27,309,107
60$30,006,783$23,419,703$21,729,457$29,523,806
61$33,014,359$24,514,153$22,404,277$31,940,230
62$36,327,035$25,660,557$23,100,032$34,577,890
63$39,975,877$26,861,410$23,817,368$37,458,237
64$43,995,122$28,119,324$24,556,955$40,604,861
65$48,422,493$29,437,039$25,319,481$44,043,703
66$53,299,561$30,817,429$26,105,658$47,803,297
67$58,672,137$32,263,503$26,916,218$51,915,028
68$64,590,700$33,778,420$27,751,917$56,413,420
69$71,110,878$35,365,489$28,613,533$61,336,457
70$78,293,970$37,028,180$29,501,868$66,725,928
71$86,207,525$38,770,132$30,417,751$72,627,818
72$94,925,982$40,595,157$31,362,035$79,092,726
73$104,531,367$42,507,255$32,335,598$86,176,338
74$115,114,074$44,510,618$33,339,348$93,939,938
75$126,773,714$46,609,642$34,374,220$102,450,979
76$139,620,053$48,808,936$35,441,178$111,783,703
77$153,774,056$51,113,330$36,541,214$122,019,836
78$169,369,018$53,527,892$37,675,353$133,249,342
79$186,551,831$56,057,932$38,844,651$145,571,261
80$205,484,368$58,709,021$40,050,197$159,094,630
81$226,345,007$61,486,996$41,293,112$173,939,496
82$249,330,320$64,397,982$42,574,554$190,238,034
83$274,656,926$67,448,396$43,895,715$208,135,783
84$302,563,536$70,644,971$45,257,824$227,792,998
85$333,313,205$73,994,763$46,662,150$249,386,145
86$367,195,819$77,505,173$48,109,998$273,109,553
87$404,530,826$81,183,960$49,602,717$299,177,225
88$445,670,256$85,039,260$51,141,694$327,824,842
89$491,002,043$89,079,604$52,728,361$359,311,961
90$540,953,685$93,313,938$54,364,195$393,924,448
91$595,996,281$97,751,642$56,050,716$431,977,152
92$656,648,980$102,402,550$57,789,493$473,816,851
93$723,483,878$107,276,977$59,582,143$519,825,504
94$797,131,422$112,385,737$61,430,333$570,423,827
95$878,286,359$117,740,171$63,335,782$626,075,236
96$967,714,297$123,352,169$65,300,260$687,290,197
97$1,066,258,930$129,234,200$67,325,594$754,631,010
98$1,174,850,006$135,399,341$69,413,666$828,717,085
99$1,294,512,101$141,861,303$71,566,418$910,230,761
100$1,426,374,293$148,634,464$73,785,851$999,923,705