Can I retire at age 56 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,444,588
2 years$764,470$750,232$736,434$723,055$710,078$663,568
3 years$504,584$490,285$476,521$463,268$450,503$405,518
4 years$374,667$360,411$346,785$333,759$321,302$278,187
5 years$296,736$282,567$269,120$256,359$244,249$203,120
6 years$244,800$230,737$217,489$205,012$193,266$154,158
7 years$207,717$193,773$180,734$168,552$157,177$120,088
8 years$179,918$166,099$153,277$141,394$130,393$95,298
9 years$158,307$144,619$132,017$120,436$109,810$76,670
10 years$141,029$127,475$115,096$103,817$93,564$62,329
11 years$126,902$113,483$101,328$90,352$80,468$51,083
12 years$115,137$101,856$89,926$79,251$69,732$42,135
13 years$105,190$92,048$80,343$69,967$60,807$34,933
14 years$96,672$83,669$72,189$62,109$53,303$29,082
15 years$89,296$76,434$65,177$55,390$46,933$24,293
16 years$82,848$70,126$59,092$49,596$41,479$20,349
17 years$77,165$64,584$53,772$44,561$36,778$17,085
18 years$72,119$59,678$49,087$40,159$32,702$14,371
19 years$67,609$55,309$44,936$36,287$29,148$12,108
20 years$63,555$51,396$41,240$32,865$26,035$10,214
21 years$59,893$47,873$37,933$29,827$23,299$8,626
22 years$56,567$44,688$34,961$27,119$20,884$7,292
23 years$53,535$41,796$32,281$24,698$18,747$6,169
24 years$50,760$39,160$29,854$22,526$16,850$5,222
25 years$48,211$36,750$27,651$20,572$15,162$4,423
26 years$45,862$34,539$25,645$18,810$13,658$3,748
27 years$43,691$32,505$23,813$17,217$12,314$3,178
28 years$41,678$30,629$22,138$15,775$11,111$2,695
29 years$39,808$28,895$20,601$14,466$10,033$2,286
30 years$38,065$27,288$19,189$13,276$9,065$1,940
31 years$36,438$25,797$17,889$12,193$8,196$1,646
32 years$34,916$24,409$16,691$11,206$7,414$1,397
33 years$33,489$23,116$15,585$10,305$6,709$1,186
34 years$32,149$21,908$14,561$9,481$6,075$1,007
35 years$30,888$20,780$13,614$8,728$5,502$855
36 years$29,700$19,723$12,735$8,038$4,985$726
37 years$28,579$18,732$11,920$7,406$4,518$617
38 years$27,519$17,802$11,163$6,826$4,096$524
39 years$26,516$16,928$10,458$6,294$3,714$445
40 years$25,566$16,106$9,802$5,806$3,369$378
41 years$24,664$15,331$9,192$5,356$3,057$321
42 years$23,808$14,601$8,622$4,943$2,774$273
43 years$22,993$13,912$8,091$4,563$2,517$232
44 years$22,218$13,261$7,594$4,213$2,285$197
45 years$21,480$12,645$7,131$3,891$2,074$167
46 years$20,775$12,063$6,698$3,594$1,883$142
47 years$20,103$11,512$6,292$3,321$1,710$121
48 years$19,460$10,990$5,913$3,068$1,553$102
49 years$18,846$10,495$5,558$2,836$1,410$87
50 years$18,258$10,025$5,225$2,621$1,281$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $18,700,000, adding $6,755 every year, while hoping to spend $27,206 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: 37/49/14 Blend
55$18,700,000$18,700,000$18,700,000$18,700,000
56$20,614,368$19,623,268$19,333,418$21,288,747
57$22,688,086$20,555,861$19,952,140$22,705,557
58$24,972,412$21,533,239$20,590,678$24,231,801
59$27,488,799$22,557,569$21,249,667$25,879,759
60$30,260,887$23,631,120$21,929,761$27,660,334
61$33,314,727$24,756,275$22,631,638$29,585,468
62$36,679,027$25,935,530$23,355,995$31,668,253
63$40,385,420$27,171,503$24,103,553$33,923,035
64$44,468,767$28,466,941$24,875,057$36,365,549
65$48,967,483$29,824,723$25,671,273$39,013,049
66$53,923,899$31,247,867$26,492,993$41,884,460
67$59,384,664$32,739,540$27,341,036$45,000,551
68$65,401,184$34,303,061$28,216,245$48,384,109
69$72,030,107$35,941,913$29,119,490$52,060,148
70$79,333,856$37,659,745$30,051,672$56,056,127
71$87,381,223$39,460,387$31,013,717$60,402,197
72$96,248,014$41,347,852$32,006,582$65,131,470
73$106,017,766$43,326,351$33,031,257$70,280,313
74$116,782,535$45,400,299$34,088,761$75,888,680
75$128,643,765$47,574,325$35,180,146$82,000,464
76$141,713,247$49,853,285$36,306,499$88,663,901
77$156,114,173$52,242,271$37,468,942$95,932,000
78$171,982,298$54,746,621$38,668,630$103,863,026
79$189,467,222$57,371,936$39,906,760$112,521,028
80$208,733,805$60,124,087$41,184,562$121,976,423
81$229,963,719$63,009,232$42,503,310$132,306,635
82$253,357,164$66,033,830$43,864,317$143,596,803
83$279,134,760$69,204,654$45,268,938$155,940,562
84$307,539,630$72,528,806$46,718,571$169,440,893
85$338,839,689$76,013,734$48,214,660$184,211,077
86$373,330,181$79,667,251$49,758,695$200,375,725
87$411,336,463$83,497,549$51,352,214$218,071,933
88$453,217,072$87,513,220$52,996,804$237,450,537
89$499,367,120$91,723,274$54,694,103$258,677,508
90$550,222,012$96,137,160$56,445,801$281,935,480
91$606,261,565$100,764,789$58,253,644$307,425,440
92$668,014,536$105,616,555$60,119,432$335,368,587
93$736,063,610$110,703,357$62,045,024$366,008,377
94$811,050,904$116,036,628$64,032,338$399,612,781
95$893,684,030$121,628,357$66,083,356$436,476,769
96$984,742,772$127,491,117$68,200,119$476,925,049
97$1,085,086,449$133,638,096$70,384,737$521,315,084
98$1,195,662,028$140,083,124$72,639,387$570,040,414
99$1,317,513,065$146,840,706$74,966,316$623,534,320
100$1,451,789,553$153,926,056$77,367,842$682,273,855