Can I retire at age 56 with 18,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,450,569
2 years$768,558$754,244$740,372$726,922$713,875$665,399
3 years$507,282$492,907$479,070$465,746$452,912$406,049
4 years$376,670$362,339$348,640$335,544$323,021$278,130
5 years$298,323$284,078$270,559$257,730$245,555$202,757
6 years$246,109$231,971$218,652$206,108$194,299$153,630
7 years$208,828$194,809$181,701$169,453$158,017$119,472
8 years$180,880$166,987$154,097$142,150$131,091$94,641
9 years$159,154$145,392$132,723$121,080$110,397$76,002
10 years$141,783$128,156$115,711$104,372$94,064$61,670
11 years$127,580$114,090$101,870$90,835$80,898$50,446
12 years$115,753$102,401$90,407$79,675$70,105$41,527
13 years$105,753$92,541$80,773$70,341$61,133$34,358
14 years$97,189$84,117$72,575$62,441$53,589$28,544
15 years$89,773$76,842$65,525$55,686$47,184$23,793
16 years$83,291$70,501$59,408$49,861$41,701$19,887
17 years$77,577$64,929$54,059$44,800$36,975$16,660
18 years$72,504$59,997$49,349$40,373$32,876$13,983
19 years$67,971$55,605$45,177$36,481$29,303$11,754
20 years$63,895$51,671$41,461$33,040$26,174$9,893
21 years$60,213$48,129$38,136$29,986$23,423$8,336
22 years$56,870$44,927$35,148$27,264$20,996$7,030
23 years$53,822$42,019$32,453$24,830$18,847$5,933
24 years$51,032$39,369$30,014$22,647$16,940$5,011
25 years$48,469$36,946$27,799$20,682$15,243$4,234
26 years$46,108$34,723$25,782$18,911$13,731$3,579
27 years$43,925$32,679$23,941$17,309$12,379$3,027
28 years$41,901$30,793$22,256$15,859$11,170$2,561
29 years$40,021$29,050$20,711$14,543$10,086$2,167
30 years$38,269$27,434$19,292$13,347$9,114$1,834
31 years$36,633$25,935$17,985$12,258$8,240$1,553
32 years$35,103$24,539$16,780$11,266$7,453$1,315
33 years$33,668$23,239$15,668$10,360$6,745$1,113
34 years$32,321$22,026$14,639$9,532$6,107$943
35 years$31,053$20,891$13,687$8,775$5,531$798
36 years$29,859$19,828$12,804$8,081$5,012$676
37 years$28,732$18,833$11,984$7,446$4,542$573
38 years$27,666$17,898$11,222$6,863$4,118$485
39 years$26,658$17,019$10,514$6,328$3,734$411
40 years$25,703$16,192$9,855$5,837$3,387$348
41 years$24,796$15,413$9,241$5,385$3,073$295
42 years$23,935$14,679$8,668$4,970$2,788$250
43 years$23,116$13,986$8,134$4,588$2,531$212
44 years$22,337$13,332$7,635$4,236$2,297$180
45 years$21,594$12,713$7,169$3,912$2,085$152
46 years$20,886$12,128$6,733$3,614$1,893$129
47 years$20,210$11,574$6,326$3,338$1,719$109
48 years$19,564$11,049$5,945$3,085$1,561$93
49 years$18,946$10,551$5,588$2,851$1,418$78
50 years$18,355$10,079$5,253$2,635$1,288$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $18,800,000, adding $5,481 every year, while hoping to spend $22,488 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: 63/27/10 Blend
55$18,800,000$18,800,000$18,800,000$18,800,000
56$20,723,254$19,726,854$19,435,454$21,982,760
57$22,813,098$20,669,542$20,062,614$23,767,862
58$25,115,354$21,657,669$20,710,031$25,713,064
59$27,651,662$22,693,437$21,378,359$27,836,416
60$30,445,871$23,779,155$22,068,274$30,155,199
61$33,524,262$24,917,246$22,780,474$32,688,418
62$36,915,797$26,110,251$23,515,679$35,456,971
63$40,652,387$27,360,832$24,274,633$38,483,848
64$44,769,202$28,671,785$25,058,105$41,794,334
65$49,304,996$30,046,037$25,866,887$45,416,247
66$54,302,474$31,486,662$26,701,796$49,380,191
67$59,808,699$32,996,881$27,563,679$53,719,838
68$65,875,532$34,580,073$28,453,407$58,472,241
69$72,560,121$36,239,781$29,371,881$63,678,173
70$79,925,444$37,979,722$30,320,031$69,382,506
71$88,040,903$39,803,792$31,298,815$75,634,624
72$96,982,975$41,716,077$32,309,225$82,488,883
73$106,835,938$43,720,865$33,352,284$90,005,114
74$117,692,665$45,822,649$34,429,047$98,249,177
75$129,655,501$48,026,143$35,540,604$107,293,575
76$142,837,230$50,336,292$36,688,082$117,218,123
77$157,362,136$52,758,279$37,872,642$128,110,698
78$173,367,182$55,297,542$39,095,483$140,068,050
79$191,003,296$57,959,783$40,357,843$153,196,707
80$210,436,803$60,750,983$41,661,001$167,613,967
81$231,850,989$63,677,413$43,006,277$183,448,992
82$255,447,836$66,745,653$44,395,033$200,844,012
83$281,449,924$69,962,599$45,828,676$219,955,657
84$310,102,538$73,335,487$47,308,658$240,956,416
85$341,675,976$76,871,906$48,836,478$264,036,253
86$376,468,110$80,579,813$50,413,684$289,404,379
87$414,807,188$84,467,555$52,041,873$317,291,216
88$457,054,941$88,543,886$53,722,696$347,950,548
89$503,609,994$92,817,985$55,457,855$381,661,900
90$554,911,629$97,299,481$57,249,109$418,733,157
91$611,443,933$101,998,474$59,098,272$459,503,451
92$673,740,368$106,925,554$61,007,219$504,346,336
93$742,388,809$112,091,828$62,977,883$553,673,295
94$818,037,088$117,508,949$65,012,263$607,937,599
95$901,399,118$123,189,134$67,112,420$667,638,564
96$993,261,625$129,145,199$69,280,484$733,326,232
97$1,094,491,581$135,390,584$71,518,651$805,606,541
98$1,206,044,388$141,939,388$73,829,191$885,147,015
99$1,328,972,892$148,806,395$76,214,445$972,683,034
100$1,464,437,331$156,007,112$78,676,833$1,069,024,746