Can I retire at age 56 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,479,104
2 years$772,646$758,256$744,310$730,788$717,673$689,559
3 years$509,981$495,529$481,618$468,223$455,321$427,978
4 years$378,674$364,266$350,494$337,328$324,739$298,378
5 years$299,910$285,589$271,998$259,101$246,861$221,558
6 years$247,418$233,205$219,815$207,205$195,333$171,114
7 years$209,939$195,845$182,667$170,354$158,858$135,731
8 years$181,842$167,875$154,916$142,906$131,788$109,747
9 years$160,000$146,166$133,429$121,724$110,985$90,015
10 years$142,537$128,838$116,327$104,928$94,564$74,648
11 years$128,259$114,697$102,412$91,318$81,329$62,443
12 years$116,368$102,946$90,888$80,099$70,478$52,596
13 years$106,315$93,033$81,203$70,715$61,458$44,552
14 years$97,706$84,564$72,961$62,773$53,874$37,913
15 years$90,251$77,251$65,874$55,982$47,435$32,386
16 years$83,734$70,876$59,724$50,126$41,923$27,754
17 years$77,990$65,274$54,347$45,038$37,172$23,849
18 years$72,890$60,317$49,612$40,588$33,051$20,539
19 years$68,332$55,901$45,417$36,675$29,459$17,723
20 years$64,235$51,946$41,681$33,216$26,314$15,319
21 years$60,533$48,385$38,339$30,146$23,548$13,259
22 years$57,172$45,166$35,335$27,409$21,107$11,490
23 years$54,108$42,243$32,626$24,962$18,947$9,967
24 years$51,303$39,579$30,173$22,767$17,030$8,654
25 years$48,727$37,143$27,947$20,792$15,324$7,520
26 years$46,353$34,908$25,919$19,011$13,804$6,538
27 years$44,158$32,853$24,068$17,402$12,445$5,688
28 years$42,124$30,957$22,374$15,944$11,230$4,951
29 years$40,233$29,204$20,821$14,621$10,140$4,312
30 years$38,472$27,580$19,394$13,418$9,162$3,756
31 years$36,828$26,073$18,081$12,323$8,283$3,273
32 years$35,289$24,670$16,870$11,326$7,493$2,853
33 years$33,847$23,363$15,751$10,415$6,781$2,488
34 years$32,493$22,143$14,717$9,582$6,140$2,169
35 years$31,218$21,002$13,759$8,821$5,561$1,892
36 years$30,018$19,934$12,872$8,124$5,038$1,651
37 years$28,884$18,933$12,048$7,485$4,566$1,440
38 years$27,813$17,993$11,282$6,899$4,140$1,257
39 years$26,800$17,109$10,570$6,362$3,754$1,097
40 years$25,839$16,278$9,907$5,868$3,405$957
41 years$24,928$15,495$9,290$5,414$3,089$836
42 years$24,062$14,757$8,714$4,996$2,803$729
43 years$23,239$14,061$8,177$4,612$2,544$637
44 years$22,456$13,403$7,676$4,258$2,309$556
45 years$21,709$12,781$7,207$3,933$2,096$485
46 years$20,997$12,192$6,769$3,633$1,903$424
47 years$20,318$11,635$6,360$3,356$1,728$370
48 years$19,668$11,107$5,976$3,101$1,570$323
49 years$19,047$10,607$5,617$2,866$1,426$282
50 years$18,453$10,132$5,281$2,649$1,295$246

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $18,900,000, adding $2,086 every year, while hoping to spend $25,204 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: 35/44/21 Blend
55$18,900,000$18,900,000$18,900,000$18,900,000
56$20,829,952$19,828,252$19,535,302$21,425,746
57$22,927,790$20,773,019$20,162,917$22,809,026
58$25,238,763$21,763,236$20,810,714$24,298,062
59$27,784,584$22,801,101$21,479,340$25,904,193
60$30,589,180$23,888,923$22,169,466$27,637,860
61$33,678,917$25,029,122$22,881,784$29,510,500
62$37,082,852$26,224,234$23,617,009$31,534,644
63$40,833,001$27,476,920$24,375,877$33,724,031
64$44,964,648$28,789,970$25,159,150$36,093,721
65$49,516,673$30,166,309$25,967,613$38,660,233
66$54,531,923$31,609,007$26,802,076$41,441,684
67$60,057,611$33,121,281$27,663,378$44,457,951
68$66,145,768$34,706,504$28,552,381$47,730,848
69$72,853,728$36,368,215$29,469,978$51,284,314
70$80,244,675$38,110,123$30,417,089$55,144,633
71$88,388,234$39,936,122$31,394,664$59,340,661
72$97,361,132$41,850,290$32,403,683$63,904,087
73$107,247,920$43,856,907$33,445,159$68,869,719
74$118,141,773$45,960,461$34,520,138$74,275,792
75$130,145,369$48,165,658$35,629,697$80,164,314
76$143,371,855$50,477,434$36,774,950$86,581,448
77$157,945,919$52,900,963$37,957,046$93,577,923
78$174,004,967$55,441,675$39,177,172$101,209,500
79$191,700,419$58,105,262$40,436,551$109,537,474
80$211,199,134$60,897,693$41,736,449$118,629,234
81$232,684,995$63,825,229$43,078,169$128,558,875
82$256,360,636$66,894,436$44,463,059$139,407,877
83$282,449,358$70,112,200$45,892,509$151,265,847
84$311,197,237$73,485,743$47,367,952$164,231,341
85$342,875,449$77,022,638$48,890,872$178,412,768
86$377,782,825$80,730,827$50,462,797$193,929,387
87$416,248,677$84,618,641$52,085,304$210,912,400
88$458,635,903$88,694,817$53,760,024$229,506,164
89$505,344,418$92,968,515$55,488,637$249,869,518
90$556,814,922$97,449,346$57,272,880$272,177,253
91$613,533,067$102,147,387$59,114,544$296,621,726
92$676,034,038$107,073,207$61,015,480$323,414,638
93$744,907,607$112,237,891$62,977,595$352,788,993
94$820,803,700$117,653,065$65,002,861$385,001,263
95$904,438,533$123,330,920$67,093,313$420,333,762
96$996,601,374$129,284,246$69,251,050$459,097,268
97$1,098,161,993$135,526,454$71,478,239$501,633,912
98$1,210,078,875$142,071,608$73,777,119$548,320,360
99$1,333,408,266$148,934,463$76,149,998$599,571,317
100$1,469,314,148$156,130,490$78,599,261$655,843,389