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%13.5%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,485,204
2 years$772,646$758,256$744,310$730,788$717,673$695,646
3 years$509,981$495,529$481,618$468,223$455,321$433,861
4 years$378,674$364,266$350,494$337,328$324,739$304,011
5 years$299,910$285,589$271,998$259,101$246,861$226,926
6 years$247,418$233,205$219,815$207,205$195,333$176,213
7 years$209,939$195,845$182,667$170,354$158,858$140,561
8 years$181,842$167,875$154,916$142,906$131,788$114,310
9 years$160,000$146,166$133,429$121,724$110,985$94,318
10 years$142,537$128,838$116,327$104,928$94,564$78,696
11 years$128,259$114,697$102,412$91,318$81,329$66,244
12 years$116,368$102,946$90,888$80,099$70,478$56,158
13 years$106,315$93,033$81,203$70,715$61,458$47,883
14 years$97,706$84,564$72,961$62,773$53,874$41,022
15 years$90,251$77,251$65,874$55,982$47,435$35,284
16 years$83,734$70,876$59,724$50,126$41,923$30,450
17 years$77,990$65,274$54,347$45,038$37,172$26,352
18 years$72,890$60,317$49,612$40,588$33,051$22,860
19 years$68,332$55,901$45,417$36,675$29,459$19,872
20 years$64,235$51,946$41,681$33,216$26,314$17,304
21 years$60,533$48,385$38,339$30,146$23,548$15,091
22 years$57,172$45,166$35,335$27,409$21,107$13,178
23 years$54,108$42,243$32,626$24,962$18,947$11,521
24 years$51,303$39,579$30,173$22,767$17,030$10,081
25 years$48,727$37,143$27,947$20,792$15,324$8,830
26 years$46,353$34,908$25,919$19,011$13,804$7,739
27 years$44,158$32,853$24,068$17,402$12,445$6,787
28 years$42,124$30,957$22,374$15,944$11,230$5,956
29 years$40,233$29,204$20,821$14,621$10,140$5,229
30 years$38,472$27,580$19,394$13,418$9,162$4,593
31 years$36,828$26,073$18,081$12,323$8,283$4,036
32 years$35,289$24,670$16,870$11,326$7,493$3,547
33 years$33,847$23,363$15,751$10,415$6,781$3,119
34 years$32,493$22,143$14,717$9,582$6,140$2,743
35 years$31,218$21,002$13,759$8,821$5,561$2,412
36 years$30,018$19,934$12,872$8,124$5,038$2,122
37 years$28,884$18,933$12,048$7,485$4,566$1,868
38 years$27,813$17,993$11,282$6,899$4,140$1,644
39 years$26,800$17,109$10,570$6,362$3,754$1,447
40 years$25,839$16,278$9,907$5,868$3,405$1,274
41 years$24,928$15,495$9,290$5,414$3,089$1,121
42 years$24,062$14,757$8,714$4,996$2,803$987
43 years$23,239$14,061$8,177$4,612$2,544$869
44 years$22,456$13,403$7,676$4,258$2,309$766
45 years$21,709$12,781$7,207$3,933$2,096$674
46 years$20,997$12,192$6,769$3,633$1,903$594
47 years$20,318$11,635$6,360$3,356$1,728$523
48 years$19,668$11,107$5,976$3,101$1,570$461
49 years$19,047$10,607$5,617$2,866$1,426$406
50 years$18,453$10,132$5,281$2,649$1,295$357

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 $4,700 every year, while hoping to spend $57,528 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: 29/42/29 Blend
55$18,900,000$18,900,000$18,900,000$18,900,000
56$20,832,648$19,830,948$19,537,998$21,250,358
57$22,896,369$20,741,455$20,131,312$22,492,813
58$25,168,661$21,694,649$20,742,573$23,822,270
59$27,670,738$22,692,561$21,372,323$25,250,408
60$30,425,976$23,737,318$22,021,118$26,785,803
61$33,460,131$24,831,153$22,689,532$28,437,840
62$36,801,588$25,976,403$23,378,154$30,216,798
63$40,481,622$27,175,519$24,087,595$32,133,935
64$44,534,697$28,431,068$24,818,478$34,201,582
65$48,998,790$29,745,745$25,571,451$36,433,258
66$53,915,749$31,122,369$26,347,178$38,843,778
67$59,331,690$32,563,899$27,146,342$41,449,387
68$65,297,427$34,073,435$27,969,649$44,267,904
69$71,868,957$35,654,226$28,817,825$47,318,872
70$79,107,986$37,309,678$29,691,618$50,623,736
71$87,082,510$39,043,362$30,591,797$54,206,031
72$95,867,459$40,859,020$31,519,155$58,091,589
73$105,545,403$42,760,575$32,474,510$62,308,772
74$116,207,331$44,752,140$33,458,702$66,888,721
75$127,953,508$46,838,024$34,472,598$71,865,638
76$140,894,426$49,022,747$35,517,090$77,277,094
77$155,151,841$51,311,046$36,593,097$83,164,361
78$170,859,928$53,707,886$37,701,565$89,572,790
79$188,166,542$56,218,474$38,843,468$96,552,219
80$207,234,615$58,848,265$40,019,811$104,157,424
81$228,243,698$61,602,982$41,231,626$112,448,614
82$251,391,648$64,488,620$42,479,978$121,491,984
83$276,896,502$67,511,469$43,765,964$131,360,311
84$304,998,533$70,678,119$45,090,711$142,133,626
85$335,962,517$73,995,480$46,455,383$153,899,938
86$370,080,232$77,470,797$47,861,177$166,756,046
87$407,673,214$81,111,665$49,309,325$180,808,420
88$449,095,792$84,926,046$50,801,098$196,174,187
89$494,738,430$88,922,290$52,337,802$212,982,202
90$545,031,416$93,109,148$53,920,784$231,374,235
91$600,448,920$97,495,796$55,551,430$251,506,281
92$661,513,476$102,091,856$57,231,168$273,549,997
93$728,800,907$106,907,413$58,961,469$297,694,292
94$802,945,767$111,953,044$60,743,846$324,147,068
95$884,647,329$117,239,837$62,579,859$353,137,153
96$974,676,185$122,779,417$64,471,112$384,916,415
97$1,073,881,521$128,583,974$66,419,260$419,762,104
98$1,183,199,135$134,666,287$68,426,004$457,979,423
99$1,303,660,268$141,039,758$70,493,097$499,904,366
100$1,436,401,345$147,718,435$72,622,345$545,906,843