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%15.1%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,452,056
2 years$760,381$746,220$732,495$719,188$706,281$675,061
3 years$501,886$487,663$473,973$460,791$448,094$417,762
4 years$372,663$358,484$344,931$331,974$319,584$290,374
5 years$295,150$281,056$267,681$254,988$242,943$214,937
6 years$243,491$229,503$216,326$203,916$192,232$165,460
7 years$206,606$192,736$179,768$167,650$156,336$130,804
8 years$178,956$165,211$152,457$140,638$129,696$105,395
9 years$157,461$143,846$131,311$119,792$109,223$86,136
10 years$140,275$126,793$114,480$103,262$93,063$71,168
11 years$126,223$112,876$100,787$89,869$80,038$59,306
12 years$114,521$101,312$89,446$78,827$69,359$49,760
13 years$104,628$91,556$79,914$69,593$60,482$41,982
14 years$96,155$83,222$71,803$61,776$53,018$35,581
15 years$88,818$76,025$64,828$55,094$46,682$30,269
16 years$82,405$69,751$58,776$49,330$41,257$25,830
17 years$76,752$64,238$53,484$44,323$36,582$22,100
18 years$71,733$59,359$48,824$39,944$32,527$18,950
19 years$67,248$55,013$44,696$36,093$28,992$16,279
20 years$63,216$51,121$41,020$32,689$25,896$14,007
21 years$59,572$47,617$37,730$29,667$23,174$12,068
22 years$56,265$44,449$34,774$26,974$20,772$10,410
23 years$53,249$41,572$32,108$24,566$18,646$8,988
24 years$50,489$38,951$29,694$22,406$16,760$7,767
25 years$47,954$36,553$27,503$20,462$15,081$6,717
26 years$45,617$34,354$25,508$18,710$13,585$5,813
27 years$43,457$32,331$23,686$17,125$12,248$5,032
28 years$41,455$30,466$22,019$15,690$11,051$4,359
29 years$39,595$28,741$20,491$14,388$9,979$3,777
30 years$37,862$27,143$19,086$13,205$9,017$3,274
31 years$36,243$25,659$17,794$12,128$8,152$2,839
32 years$34,729$24,278$16,602$11,146$7,374$2,463
33 years$33,310$22,992$15,501$10,249$6,673$2,136
34 years$31,977$21,791$14,483$9,430$6,042$1,854
35 years$30,723$20,669$13,541$8,681$5,473$1,609
36 years$29,541$19,618$12,667$7,995$4,958$1,396
37 years$28,426$18,632$11,856$7,366$4,494$1,212
38 years$27,372$17,707$11,103$6,790$4,074$1,052
39 years$26,374$16,838$10,402$6,261$3,695$914
40 years$25,429$16,020$9,750$5,774$3,351$793
41 years$24,532$15,249$9,142$5,328$3,040$689
42 years$23,681$14,523$8,576$4,917$2,759$598
43 years$22,871$13,837$8,047$4,539$2,504$520
44 years$22,099$13,190$7,554$4,191$2,273$451
45 years$21,365$12,578$7,093$3,870$2,063$392
46 years$20,664$11,999$6,662$3,575$1,873$341
47 years$19,995$11,450$6,259$3,303$1,701$296
48 years$19,356$10,931$5,881$3,052$1,545$257
49 years$18,745$10,439$5,528$2,821$1,403$223
50 years$18,160$9,971$5,197$2,607$1,274$194

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 $3,014 every year, while hoping to spend $22,659 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: 84/11/5 Blend
55$18,600,000$18,600,000$18,600,000$18,600,000
56$20,500,309$19,514,509$19,226,209$22,221,731
57$22,567,231$20,446,611$19,846,178$24,277,156
58$24,844,221$21,423,626$20,486,156$26,530,799
59$27,352,679$22,447,732$21,146,791$29,005,212
60$30,116,193$23,521,211$21,828,749$31,722,525
61$33,160,751$24,646,457$22,532,718$34,707,108
62$36,514,995$25,825,981$23,259,411$37,985,801
63$40,210,484$27,062,414$24,009,562$41,588,161
64$44,281,999$28,358,518$24,783,928$45,546,738
65$48,767,865$29,717,187$25,583,291$49,897,386
66$53,710,316$31,141,457$26,408,460$54,679,591
67$59,155,892$32,634,513$27,260,268$59,936,846
68$65,155,882$34,199,694$28,139,576$65,717,057
69$71,766,803$35,840,499$29,047,272$72,072,991
70$79,050,936$37,560,603$29,984,275$79,062,772
71$87,076,914$39,363,855$30,951,530$86,750,425
72$95,920,369$41,254,294$31,950,017$95,206,478
73$105,664,648$43,236,155$32,980,743$104,508,623
74$116,401,595$45,313,880$34,044,751$114,742,448
75$128,232,424$47,492,127$35,143,117$126,002,235
76$141,268,671$49,775,780$36,276,951$138,391,853
77$155,633,246$52,169,964$37,447,399$152,025,727
78$171,461,596$54,680,051$38,655,646$167,029,920
79$188,902,980$57,311,675$39,902,911$183,543,311
80$208,121,883$60,070,746$41,190,458$201,718,908
81$229,299,565$62,963,462$42,519,588$221,725,282
82$252,635,771$65,996,323$43,891,645$243,748,152
83$278,350,622$69,176,144$45,308,017$267,992,139
84$306,686,686$72,510,076$46,770,136$294,682,682
85$337,911,274$76,005,616$48,279,482$324,068,167
86$372,318,961$79,670,628$49,837,582$356,422,263
87$410,234,365$83,513,359$51,446,010$392,046,495
88$452,015,214$87,542,457$53,106,396$431,273,089
89$498,055,724$91,766,996$54,820,418$474,468,093
90$548,790,317$96,196,487$56,589,811$522,034,834
91$604,697,725$100,840,911$58,416,365$574,417,706
92$666,305,508$105,710,731$60,301,929$632,106,367
93$734,195,037$110,816,924$62,248,411$695,640,343
94$809,006,979$116,171,001$64,257,781$765,614,117
95$891,447,346$121,785,036$66,332,071$842,682,730
96$982,294,162$127,671,690$68,473,383$927,567,954
97$1,082,404,809$133,844,244$70,683,883$1,021,065,091
98$1,192,724,115$140,316,628$72,965,809$1,124,050,477
99$1,314,293,282$147,103,451$75,321,472$1,237,489,736
100$1,448,259,711$154,220,033$77,753,255$1,362,446,883