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%17.1%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,448,074
2 years$764,470$750,232$736,434$723,055$710,078$667,008
3 years$504,584$490,285$476,521$463,268$450,503$408,802
4 years$374,667$360,411$346,785$333,759$321,302$281,291
5 years$296,736$282,567$269,120$256,359$244,249$206,036
6 years$244,800$230,737$217,489$205,012$193,266$156,886
7 years$207,717$193,773$180,734$168,552$157,177$122,630
8 years$179,918$166,099$153,277$141,394$130,393$97,660
9 years$158,307$144,619$132,017$120,436$109,810$78,857
10 years$141,029$127,475$115,096$103,817$93,564$64,349
11 years$126,902$113,483$101,328$90,352$80,468$52,943
12 years$115,137$101,856$89,926$79,251$69,732$43,843
13 years$105,190$92,048$80,343$69,967$60,807$36,497
14 years$96,672$83,669$72,189$62,109$53,303$30,511
15 years$89,296$76,434$65,177$55,390$46,933$25,595
16 years$82,848$70,126$59,092$49,596$41,479$21,532
17 years$77,165$64,584$53,772$44,561$36,778$18,157
18 years$72,119$59,678$49,087$40,159$32,702$15,342
19 years$67,609$55,309$44,936$36,287$29,148$12,984
20 years$63,555$51,396$41,240$32,865$26,035$11,004
21 years$59,893$47,873$37,933$29,827$23,299$9,336
22 years$56,567$44,688$34,961$27,119$20,884$7,929
23 years$53,535$41,796$32,281$24,698$18,747$6,740
24 years$50,760$39,160$29,854$22,526$16,850$5,733
25 years$48,211$36,750$27,651$20,572$15,162$4,879
26 years$45,862$34,539$25,645$18,810$13,658$4,155
27 years$43,691$32,505$23,813$17,217$12,314$3,539
28 years$41,678$30,629$22,138$15,775$11,111$3,016
29 years$39,808$28,895$20,601$14,466$10,033$2,571
30 years$38,065$27,288$19,189$13,276$9,065$2,192
31 years$36,438$25,797$17,889$12,193$8,196$1,870
32 years$34,916$24,409$16,691$11,206$7,414$1,595
33 years$33,489$23,116$15,585$10,305$6,709$1,361
34 years$32,149$21,908$14,561$9,481$6,075$1,161
35 years$30,888$20,780$13,614$8,728$5,502$991
36 years$29,700$19,723$12,735$8,038$4,985$846
37 years$28,579$18,732$11,920$7,406$4,518$722
38 years$27,519$17,802$11,163$6,826$4,096$616
39 years$26,516$16,928$10,458$6,294$3,714$526
40 years$25,566$16,106$9,802$5,806$3,369$449
41 years$24,664$15,331$9,192$5,356$3,057$383
42 years$23,808$14,601$8,622$4,943$2,774$327
43 years$22,993$13,912$8,091$4,563$2,517$279
44 years$22,218$13,261$7,594$4,213$2,285$239
45 years$21,480$12,645$7,131$3,891$2,074$204
46 years$20,775$12,063$6,698$3,594$1,883$174
47 years$20,103$11,512$6,292$3,321$1,710$149
48 years$19,460$10,990$5,913$3,068$1,553$127
49 years$18,846$10,495$5,558$2,836$1,410$108
50 years$18,258$10,025$5,225$2,621$1,281$92

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 $2,241 every year, while hoping to spend $29,377 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: 53/21/26 Blend
55$18,700,000$18,700,000$18,700,000$18,700,000
56$20,609,712$19,618,612$19,328,762$21,552,755
57$22,680,645$20,548,667$19,945,018$23,135,233
58$24,961,830$21,523,310$20,580,935$24,853,235
59$27,474,679$22,544,695$21,237,139$26,722,293
60$30,242,792$23,615,080$21,914,278$28,756,863
61$33,292,171$24,736,834$22,613,022$30,972,833
62$36,651,473$25,912,439$23,334,058$33,387,672
63$40,352,273$27,144,499$24,078,099$36,020,587
64$44,429,369$28,435,743$24,845,880$38,892,701
65$48,921,106$29,789,036$25,638,158$42,027,244
66$53,869,738$31,207,378$26,455,715$45,449,767
67$59,321,829$32,693,917$27,299,359$49,188,375
68$65,328,691$34,251,954$28,169,923$53,273,990
69$71,946,867$35,884,950$29,068,265$57,740,629
70$79,238,669$37,596,534$29,995,274$62,625,725
71$87,272,761$39,390,512$30,951,863$67,970,465
72$96,124,811$41,270,875$31,938,979$73,820,177
73$105,878,202$43,241,808$32,957,595$80,224,747
74$116,624,822$45,307,700$34,008,717$87,239,078
75$128,465,928$47,473,152$35,093,384$94,923,605
76$141,513,107$49,742,991$36,212,667$103,344,851
77$155,889,324$52,122,277$37,367,671$112,576,048
78$171,730,083$54,616,317$38,559,536$122,697,814
79$189,184,712$57,230,676$39,789,441$133,798,907
80$208,417,764$59,971,191$41,058,599$145,977,050
81$229,610,579$62,843,983$42,368,265$159,339,839
82$252,962,988$65,855,468$43,719,732$174,005,752
83$278,695,205$69,012,378$45,114,335$190,105,246
84$307,049,903$72,321,772$46,553,452$207,781,984
85$338,294,506$75,791,051$48,038,505$227,194,169
86$372,723,711$79,427,978$49,570,961$248,516,027
87$410,662,276$83,240,695$51,152,334$271,939,435
88$452,468,077$87,237,738$52,784,187$297,675,718
89$498,535,495$91,428,061$54,468,131$325,957,621
90$549,299,133$95,821,054$56,205,831$357,041,495
91$605,237,922$100,426,564$57,999,004$391,209,696
92$666,879,642$105,254,917$59,849,422$428,773,229
93$734,805,902$110,316,944$61,758,914$470,074,667
94$809,657,633$115,624,004$63,729,367$515,491,361
95$892,141,139$121,188,007$65,762,728$565,438,983
96$983,034,763$127,021,447$67,861,008$620,375,424
97$1,083,196,236$133,137,426$70,026,279$680,805,094
98$1,193,570,775$139,549,683$72,260,682$747,283,659
99$1,315,200,006$146,272,629$74,566,427$820,423,259
100$1,449,231,796$153,321,377$76,945,792$900,898,259