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

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,440,227
2 years$768,558$754,244$740,372$726,922$713,875$655,244
3 years$507,282$492,907$479,070$465,746$452,912$396,407
4 years$376,670$362,339$348,640$335,544$323,021$269,072
5 years$298,323$284,078$270,559$257,730$245,555$194,300
6 years$246,109$231,971$218,652$206,108$194,299$145,771
7 years$208,828$194,809$181,701$169,453$158,017$112,200
8 years$180,880$166,987$154,097$142,150$131,091$87,937
9 years$159,154$145,392$132,723$121,080$110,397$69,844
10 years$141,783$128,156$115,711$104,372$94,064$56,032
11 years$127,580$114,090$101,870$90,835$80,898$45,300
12 years$115,753$102,401$90,407$79,675$70,105$36,846
13 years$105,753$92,541$80,773$70,341$61,133$30,113
14 years$97,189$84,117$72,575$62,441$53,589$24,705
15 years$89,773$76,842$65,525$55,686$47,184$20,331
16 years$83,291$70,501$59,408$49,861$41,701$16,773
17 years$77,577$64,929$54,059$44,800$36,975$13,866
18 years$72,504$59,997$49,349$40,373$32,876$11,482
19 years$67,971$55,605$45,177$36,481$29,303$9,521
20 years$63,895$51,671$41,461$33,040$26,174$7,904
21 years$60,213$48,129$38,136$29,986$23,423$6,567
22 years$56,870$44,927$35,148$27,264$20,996$5,461
23 years$53,822$42,019$32,453$24,830$18,847$4,544
24 years$51,032$39,369$30,014$22,647$16,940$3,783
25 years$48,469$36,946$27,799$20,682$15,243$3,151
26 years$46,108$34,723$25,782$18,911$13,731$2,625
27 years$43,925$32,679$23,941$17,309$12,379$2,188
28 years$41,901$30,793$22,256$15,859$11,170$1,824
29 years$40,021$29,050$20,711$14,543$10,086$1,521
30 years$38,269$27,434$19,292$13,347$9,114$1,269
31 years$36,633$25,935$17,985$12,258$8,240$1,058
32 years$35,103$24,539$16,780$11,266$7,453$883
33 years$33,668$23,239$15,668$10,360$6,745$736
34 years$32,321$22,026$14,639$9,532$6,107$614
35 years$31,053$20,891$13,687$8,775$5,531$513
36 years$29,859$19,828$12,804$8,081$5,012$428
37 years$28,732$18,833$11,984$7,446$4,542$357
38 years$27,666$17,898$11,222$6,863$4,118$298
39 years$26,658$17,019$10,514$6,328$3,734$249
40 years$25,703$16,192$9,855$5,837$3,387$208
41 years$24,796$15,413$9,241$5,385$3,073$173
42 years$23,935$14,679$8,668$4,970$2,788$145
43 years$23,116$13,986$8,134$4,588$2,531$121
44 years$22,337$13,332$7,635$4,236$2,297$101
45 years$21,594$12,713$7,169$3,912$2,085$84
46 years$20,886$12,128$6,733$3,614$1,893$70
47 years$20,210$11,574$6,326$3,338$1,719$59
48 years$19,564$11,049$5,945$3,085$1,561$49
49 years$18,946$10,551$5,588$2,851$1,418$41
50 years$18,355$10,079$5,253$2,635$1,288$34

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 $6,249 every year, while hoping to spend $36,104 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: 33/45/22 Blend
55$18,800,000$18,800,000$18,800,000$18,800,000
56$20,724,046$19,727,646$19,436,246$21,267,754
57$22,799,484$20,655,886$20,048,946$22,602,823
58$25,085,407$21,628,400$20,680,961$24,036,975
59$27,603,246$22,647,319$21,332,901$25,581,903
60$30,376,617$23,714,878$22,005,393$27,247,394
61$33,431,544$24,833,419$22,699,085$29,044,165
62$36,796,703$26,005,398$23,414,647$30,983,955
63$40,503,696$27,233,392$24,152,766$33,079,630
64$44,587,344$28,520,099$24,914,155$35,345,289
65$49,086,022$29,868,352$25,699,547$37,796,390
66$54,042,013$31,281,118$26,509,699$40,449,884
67$59,501,916$32,761,511$27,345,392$43,324,364
68$65,517,079$34,312,792$28,207,430$46,440,226
69$72,144,086$35,938,384$29,096,644$49,819,852
70$79,445,293$37,641,875$30,013,892$53,487,807
71$87,489,411$39,427,026$30,960,056$57,471,056
72$96,352,162$41,297,781$31,936,049$61,799,203
73$106,116,987$43,258,276$32,942,810$66,504,760
74$116,875,836$45,312,848$33,981,311$71,623,433
75$128,730,038$47,466,044$35,052,551$77,194,445
76$141,791,253$49,722,632$36,157,563$83,260,889
77$156,182,531$52,087,612$37,297,412$89,870,115
78$172,039,470$54,566,225$38,473,196$97,074,158
79$189,511,495$57,163,969$39,686,047$104,930,213
80$208,763,273$59,886,609$40,937,135$113,501,147
81$229,976,263$62,740,189$42,227,665$122,856,079
82$253,350,431$65,731,047$43,558,881$133,071,003
83$279,106,136$68,865,830$44,932,065$144,229,483
84$307,486,213$72,151,506$46,348,540$156,423,421
85$338,758,262$75,595,386$47,809,672$169,753,891
86$373,217,177$79,205,131$49,316,867$184,332,073
87$411,187,926$82,988,780$50,871,580$200,280,270
88$453,028,624$86,954,760$52,475,307$217,733,032
89$499,133,907$91,111,907$54,129,594$236,838,396
90$549,938,666$95,469,490$55,836,035$257,759,251
91$605,922,142$100,037,228$57,596,275$280,674,840
92$667,612,460$104,825,311$59,412,009$305,782,418
93$735,591,607$109,844,427$61,284,988$333,299,074
94$810,500,931$115,105,785$63,217,015$363,463,741
95$893,047,195$120,621,137$65,209,954$396,539,412
96$984,009,245$126,402,809$67,265,723$432,815,578
97$1,084,245,368$132,463,726$69,386,305$472,610,915
98$1,194,701,391$138,817,445$71,573,743$516,276,247
99$1,316,419,614$145,478,181$73,830,144$564,197,806
100$1,450,548,644$152,460,841$76,157,683$616,800,827