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%19.8%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,424,905
2 years$760,381$746,220$732,495$719,188$706,281$648,274
3 years$501,886$487,663$473,973$460,791$448,094$392,190
4 years$372,663$358,484$344,931$331,974$319,584$266,209
5 years$295,150$281,056$267,681$254,988$242,943$192,233
6 years$243,491$229,503$216,326$203,916$192,232$144,221
7 years$206,606$192,736$179,768$167,650$156,336$111,006
8 years$178,956$165,211$152,457$140,638$129,696$87,002
9 years$157,461$143,846$131,311$119,792$109,223$69,101
10 years$140,275$126,793$114,480$103,262$93,063$55,436
11 years$126,223$112,876$100,787$89,869$80,038$44,818
12 years$114,521$101,312$89,446$78,827$69,359$36,454
13 years$104,628$91,556$79,914$69,593$60,482$29,793
14 years$96,155$83,222$71,803$61,776$53,018$24,442
15 years$88,818$76,025$64,828$55,094$46,682$20,114
16 years$82,405$69,751$58,776$49,330$41,257$16,594
17 years$76,752$64,238$53,484$44,323$36,582$13,718
18 years$71,733$59,359$48,824$39,944$32,527$11,360
19 years$67,248$55,013$44,696$36,093$28,992$9,420
20 years$63,216$51,121$41,020$32,689$25,896$7,820
21 years$59,572$47,617$37,730$29,667$23,174$6,498
22 years$56,265$44,449$34,774$26,974$20,772$5,403
23 years$53,249$41,572$32,108$24,566$18,646$4,496
24 years$50,489$38,951$29,694$22,406$16,760$3,743
25 years$47,954$36,553$27,503$20,462$15,081$3,117
26 years$45,617$34,354$25,508$18,710$13,585$2,597
27 years$43,457$32,331$23,686$17,125$12,248$2,165
28 years$41,455$30,466$22,019$15,690$11,051$1,805
29 years$39,595$28,741$20,491$14,388$9,979$1,505
30 years$37,862$27,143$19,086$13,205$9,017$1,255
31 years$36,243$25,659$17,794$12,128$8,152$1,047
32 years$34,729$24,278$16,602$11,146$7,374$873
33 years$33,310$22,992$15,501$10,249$6,673$729
34 years$31,977$21,791$14,483$9,430$6,042$608
35 years$30,723$20,669$13,541$8,681$5,473$507
36 years$29,541$19,618$12,667$7,995$4,958$423
37 years$28,426$18,632$11,856$7,366$4,494$353
38 years$27,372$17,707$11,103$6,790$4,074$295
39 years$26,374$16,838$10,402$6,261$3,695$246
40 years$25,429$16,020$9,750$5,774$3,351$205
41 years$24,532$15,249$9,142$5,328$3,040$171
42 years$23,681$14,523$8,576$4,917$2,759$143
43 years$22,871$13,837$8,047$4,539$2,504$119
44 years$22,099$13,190$7,554$4,191$2,273$100
45 years$21,365$12,578$7,093$3,870$2,063$83
46 years$20,664$11,999$6,662$3,575$1,873$69
47 years$19,995$11,450$6,259$3,303$1,701$58
48 years$19,356$10,931$5,881$3,052$1,545$48
49 years$18,745$10,439$5,528$2,821$1,403$40
50 years$18,160$9,971$5,197$2,607$1,274$34

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 $3,389 every year, while hoping to spend $49,789 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: 50/33/17 Blend
55$18,600,000$18,600,000$18,600,000$18,600,000
56$20,500,696$19,514,896$19,226,596$21,429,117
57$22,538,792$20,418,151$19,817,712$22,972,758
58$24,783,105$21,363,996$20,426,961$24,643,962
59$27,254,616$22,354,467$21,054,899$26,459,087
60$29,976,446$23,391,695$21,702,098$28,431,711
61$32,974,072$24,477,916$22,369,146$30,576,751
62$36,275,566$25,615,473$23,056,651$32,910,591
63$39,911,864$26,806,821$23,765,239$35,451,238
64$43,917,054$28,054,536$24,495,555$38,218,478
65$48,328,701$29,361,315$25,248,263$41,234,061
66$53,188,196$30,729,987$26,024,048$44,521,894
67$58,541,155$32,163,519$26,823,616$48,108,260
68$64,437,839$33,665,018$27,647,694$52,022,060
69$70,933,638$35,237,744$28,497,031$56,295,071
70$78,089,588$36,885,112$29,372,400$60,962,243
71$85,972,947$38,610,703$30,274,597$66,062,015
72$94,657,833$40,418,273$31,204,441$71,636,670
73$104,225,920$42,311,756$32,162,777$77,732,722
74$114,767,211$44,295,279$33,150,477$84,401,343
75$126,380,886$46,373,168$34,168,438$91,698,837
76$139,176,240$48,549,956$35,217,585$99,687,158
77$153,273,712$50,830,400$36,298,869$108,434,482
78$168,806,023$53,219,482$37,413,274$118,015,835
79$185,919,429$55,722,428$38,561,810$128,513,792
80$204,775,101$58,344,718$39,745,521$140,019,238
81$225,550,646$61,092,094$40,965,481$152,632,212
82$248,441,784$63,970,579$42,222,797$166,462,834
83$273,664,195$66,986,486$43,518,610$181,632,331
84$301,455,555$70,146,435$44,854,094$198,274,160
85$332,077,777$73,457,367$46,230,463$216,535,252
86$365,819,490$76,926,557$47,648,962$236,577,378
87$402,998,755$80,561,636$49,110,880$258,578,659
88$443,966,075$84,370,602$50,617,541$282,735,223
89$489,107,696$88,361,844$52,170,311$309,263,036
90$538,849,261$92,544,154$53,770,596$338,399,919
91$593,659,822$96,926,754$55,419,847$370,407,766
92$654,056,270$101,519,311$57,119,558$405,574,995
93$720,608,215$106,331,962$58,871,269$444,219,239
94$793,943,362$111,375,337$60,676,565$486,690,322
95$874,753,436$116,660,580$62,537,082$533,373,533
96$963,800,716$122,199,378$64,454,503$584,693,226
97$1,061,925,224$128,003,983$66,430,564$641,116,802
98$1,170,052,663$134,087,244$68,467,054$703,159,084
99$1,289,203,149$140,462,633$70,565,815$771,387,146
100$1,420,500,846$147,144,278$72,728,745$846,425,625