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%18.9%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,445,373
2 years$768,558$754,244$740,372$726,922$713,875$660,289
3 years$507,282$492,907$479,070$465,746$452,912$401,189
4 years$376,670$362,339$348,640$335,544$323,021$273,556
5 years$298,323$284,078$270,559$257,730$245,555$198,479
6 years$246,109$231,971$218,652$206,108$194,299$149,646
7 years$208,828$194,809$181,701$169,453$158,017$115,777
8 years$180,880$166,987$154,097$142,150$131,091$91,228
9 years$159,154$145,392$132,723$121,080$110,397$72,859
10 years$141,783$128,156$115,711$104,372$94,064$58,785
11 years$127,580$114,090$101,870$90,835$80,898$47,806
12 years$115,753$102,401$90,407$79,675$70,105$39,118
13 years$105,753$92,541$80,773$70,341$61,133$32,168
14 years$97,189$84,117$72,575$62,441$53,589$26,558
15 years$89,773$76,842$65,525$55,686$47,184$21,996
16 years$83,291$70,501$59,408$49,861$41,701$18,266
17 years$77,577$64,929$54,059$44,800$36,975$15,201
18 years$72,504$59,997$49,349$40,373$32,876$12,672
19 years$67,971$55,605$45,177$36,481$29,303$10,580
20 years$63,895$51,671$41,461$33,040$26,174$8,844
21 years$60,213$48,129$38,136$29,986$23,423$7,400
22 years$56,870$44,927$35,148$27,264$20,996$6,197
23 years$53,822$42,019$32,453$24,830$18,847$5,193
24 years$51,032$39,369$30,014$22,647$16,940$4,355
25 years$48,469$36,946$27,799$20,682$15,243$3,653
26 years$46,108$34,723$25,782$18,911$13,731$3,066
27 years$43,925$32,679$23,941$17,309$12,379$2,574
28 years$41,901$30,793$22,256$15,859$11,170$2,162
29 years$40,021$29,050$20,711$14,543$10,086$1,816
30 years$38,269$27,434$19,292$13,347$9,114$1,525
31 years$36,633$25,935$17,985$12,258$8,240$1,282
32 years$35,103$24,539$16,780$11,266$7,453$1,077
33 years$33,668$23,239$15,668$10,360$6,745$905
34 years$32,321$22,026$14,639$9,532$6,107$761
35 years$31,053$20,891$13,687$8,775$5,531$640
36 years$29,859$19,828$12,804$8,081$5,012$538
37 years$28,732$18,833$11,984$7,446$4,542$452
38 years$27,666$17,898$11,222$6,863$4,118$380
39 years$26,658$17,019$10,514$6,328$3,734$320
40 years$25,703$16,192$9,855$5,837$3,387$269
41 years$24,796$15,413$9,241$5,385$3,073$226
42 years$23,935$14,679$8,668$4,970$2,788$190
43 years$23,116$13,986$8,134$4,588$2,531$160
44 years$22,337$13,332$7,635$4,236$2,297$134
45 years$21,594$12,713$7,169$3,912$2,085$113
46 years$20,886$12,128$6,733$3,614$1,893$95
47 years$20,210$11,574$6,326$3,338$1,719$80
48 years$19,564$11,049$5,945$3,085$1,561$67
49 years$18,946$10,551$5,588$2,851$1,418$57
50 years$18,355$10,079$5,253$2,635$1,288$48

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 $5,290 every year, while hoping to spend $22,394 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: 51/22/27 Blend
55$18,800,000$18,800,000$18,800,000$18,800,000
56$20,723,057$19,726,657$19,435,257$21,622,209
57$22,812,981$20,669,436$20,062,511$23,191,499
58$25,115,328$21,657,661$20,710,027$24,894,267
59$27,651,740$22,693,534$21,378,461$26,745,419
60$30,446,067$23,779,367$22,068,489$28,759,081
61$33,524,591$24,917,582$22,780,810$30,950,779
62$36,916,276$26,110,719$23,516,143$33,337,578
63$40,653,036$27,361,445$24,275,234$35,938,238
64$44,770,041$28,672,551$25,058,850$38,773,383
65$49,306,048$30,046,969$25,867,784$41,865,695
66$54,303,767$31,487,772$26,702,856$45,240,112
67$59,810,260$32,998,182$27,564,911$48,924,068
68$65,877,392$34,581,578$28,454,821$52,947,732
69$72,562,316$36,241,505$29,373,487$57,344,296
70$79,928,013$37,981,680$30,321,840$62,150,274
71$88,043,888$39,806,000$31,300,840$67,405,840
72$96,986,423$41,718,553$32,311,477$73,155,199
73$106,839,902$43,723,626$33,354,775$79,446,995
74$117,697,204$45,825,715$34,431,791$86,334,760
75$129,660,678$48,029,534$35,543,616$93,877,410
76$142,843,115$50,340,029$36,691,374$102,139,790
77$157,368,807$52,762,386$37,876,230$111,193,276
78$173,374,725$55,302,042$39,099,383$121,116,439
79$191,011,806$57,964,701$40,362,072$131,995,770
80$210,446,385$60,756,346$41,665,576$143,926,491
81$231,861,759$63,683,250$43,011,216$157,013,435
82$255,459,922$66,751,993$44,400,355$171,372,024
83$281,463,467$69,969,474$45,834,400$187,129,347
84$310,117,693$73,342,930$47,314,805$204,425,342
85$341,692,916$76,879,952$48,843,069$223,414,102
86$376,487,023$80,588,499$50,420,741$244,265,314
87$414,828,284$84,476,920$52,049,421$267,165,847
88$457,078,451$88,553,971$53,730,758$292,321,493
89$503,636,172$92,828,834$55,466,457$319,958,895
90$554,940,755$97,311,141$57,258,277$350,327,668
91$611,476,317$102,010,992$59,108,034$383,702,732
92$673,776,352$106,938,981$61,017,604$420,386,889
93$742,428,768$112,106,219$62,988,922$460,713,662
94$818,081,438$117,524,360$65,023,987$505,050,413
95$901,448,317$123,205,625$67,124,862$553,801,797
96$993,316,177$129,162,833$69,293,677$607,413,549
97$1,094,552,044$135,409,429$71,532,632$666,376,670
98$1,206,111,374$141,959,512$73,843,997$731,232,034
99$1,329,047,079$148,827,873$76,230,116$802,575,466
100$1,464,519,465$156,030,022$78,693,408$881,063,336