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

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,495,735
2 years$772,646$758,256$744,310$730,788$717,673$706,201
3 years$509,981$495,529$481,618$468,223$455,321$444,112
4 years$378,674$364,266$350,494$337,328$324,739$313,878
5 years$299,910$285,589$271,998$259,101$246,861$236,381
6 years$247,418$233,205$219,815$207,205$195,333$185,246
7 years$209,939$195,845$182,667$170,354$158,858$149,169
8 years$181,842$167,875$154,916$142,906$131,788$122,498
9 years$160,000$146,166$133,429$121,724$110,985$102,090
10 years$142,537$128,838$116,327$104,928$94,564$86,061
11 years$128,259$114,697$102,412$91,318$81,329$73,210
12 years$116,368$102,946$90,888$80,099$70,478$62,736
13 years$106,315$93,033$81,203$70,715$61,458$54,086
14 years$97,706$84,564$72,961$62,773$53,874$46,862
15 years$90,251$77,251$65,874$55,982$47,435$40,773
16 years$83,734$70,876$59,724$50,126$41,923$35,601
17 years$77,990$65,274$54,347$45,038$37,172$31,180
18 years$72,890$60,317$49,612$40,588$33,051$27,379
19 years$68,332$55,901$45,417$36,675$29,459$24,094
20 years$64,235$51,946$41,681$33,216$26,314$21,245
21 years$60,533$48,385$38,339$30,146$23,548$18,765
22 years$57,172$45,166$35,335$27,409$21,107$16,598
23 years$54,108$42,243$32,626$24,962$18,947$14,700
24 years$51,303$39,579$30,173$22,767$17,030$13,034
25 years$48,727$37,143$27,947$20,792$15,324$11,568
26 years$46,353$34,908$25,919$19,011$13,804$10,276
27 years$44,158$32,853$24,068$17,402$12,445$9,135
28 years$42,124$30,957$22,374$15,944$11,230$8,127
29 years$40,233$29,204$20,821$14,621$10,140$7,234
30 years$38,472$27,580$19,394$13,418$9,162$6,442
31 years$36,828$26,073$18,081$12,323$8,283$5,740
32 years$35,289$24,670$16,870$11,326$7,493$5,117
33 years$33,847$23,363$15,751$10,415$6,781$4,563
34 years$32,493$22,143$14,717$9,582$6,140$4,070
35 years$31,218$21,002$13,759$8,821$5,561$3,632
36 years$30,018$19,934$12,872$8,124$5,038$3,241
37 years$28,884$18,933$12,048$7,485$4,566$2,894
38 years$27,813$17,993$11,282$6,899$4,140$2,584
39 years$26,800$17,109$10,570$6,362$3,754$2,308
40 years$25,839$16,278$9,907$5,868$3,405$2,061
41 years$24,928$15,495$9,290$5,414$3,089$1,841
42 years$24,062$14,757$8,714$4,996$2,803$1,645
43 years$23,239$14,061$8,177$4,612$2,544$1,470
44 years$22,456$13,403$7,676$4,258$2,309$1,314
45 years$21,709$12,781$7,207$3,933$2,096$1,174
46 years$20,997$12,192$6,769$3,633$1,903$1,050
47 years$20,318$11,635$6,360$3,356$1,728$938
48 years$19,668$11,107$5,976$3,101$1,570$839
49 years$19,047$10,607$5,617$2,866$1,426$750
50 years$18,453$10,132$5,281$2,649$1,295$670

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 $4,334 every year, while hoping to spend $52,267 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: 62/32/6 Blend
55$18,900,000$18,900,000$18,900,000$18,900,000
56$20,832,271$19,830,571$19,537,621$22,101,332
57$22,901,550$20,746,657$20,136,519$23,864,659
58$25,180,145$21,705,880$20,753,729$25,781,893
59$27,689,350$22,710,297$21,389,809$27,873,034
60$30,452,629$23,762,068$22,045,333$30,154,876
61$33,495,840$24,863,452$22,720,895$32,645,879
62$36,847,476$26,016,821$23,417,105$35,366,346
63$40,538,933$27,224,660$24,134,592$38,338,601
64$44,604,808$28,489,572$24,874,005$41,587,198
65$49,083,227$29,814,289$25,636,012$45,139,142
66$54,016,199$31,201,672$26,421,302$49,024,140
67$59,450,018$32,654,721$27,230,582$53,274,873
68$65,435,698$34,176,581$28,064,585$57,927,296
69$72,029,453$35,770,548$28,924,063$63,020,972
70$79,293,230$37,440,077$29,809,791$68,599,432
71$87,295,291$39,188,792$30,722,570$74,710,582
72$96,110,857$41,020,489$31,663,223$81,407,143
73$105,822,822$42,939,151$32,632,599$88,747,139
74$116,522,530$44,948,949$33,631,571$96,794,435
75$128,310,640$47,054,260$34,661,040$105,619,332
76$141,298,076$49,259,669$35,721,936$115,299,213
77$155,607,072$51,569,986$36,815,214$125,919,269
78$171,372,329$53,990,250$37,941,859$137,573,284
79$188,742,282$56,525,748$39,102,887$150,364,514
80$207,880,505$59,182,020$40,299,343$164,406,644
81$228,967,251$61,964,874$41,532,306$179,824,846
82$252,201,158$64,880,400$42,802,885$196,756,951
83$277,801,120$67,934,983$44,112,226$215,354,732
84$306,008,354$71,135,317$45,461,505$235,785,317
85$337,088,679$74,488,420$46,851,939$258,232,756
86$371,335,023$78,001,651$48,284,777$282,899,738
87$409,070,187$81,682,725$49,761,309$310,009,482
88$450,649,897$85,539,729$51,282,864$339,807,833
89$496,466,155$89,581,144$52,850,808$372,565,555
90$546,950,946$93,815,863$54,466,553$408,580,869
91$602,580,310$98,253,208$56,131,551$448,182,245
92$663,878,842$102,902,955$57,847,297$491,731,481
93$731,424,636$107,775,353$59,615,335$539,627,092
94$805,854,752$112,881,148$61,437,251$592,308,047
95$887,871,220$118,231,608$63,314,683$650,257,888
96$978,247,676$123,838,548$65,249,316$714,009,262
97$1,077,836,659$129,714,356$67,242,888$784,148,927
98$1,187,577,661$135,872,022$69,297,187$861,323,251
99$1,308,505,997$142,325,166$71,414,058$946,244,292
100$1,441,762,579$149,088,070$73,595,399$1,039,696,477