Can I retire at age 56 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,029,674
2 years$531,449$521,552$511,959$502,659$493,637$486,613
3 years$350,780$340,840$331,272$322,058$313,184$306,318
4 years$260,463$250,553$241,081$232,025$223,365$216,710
5 years$206,287$196,437$187,089$178,217$169,799$163,374
6 years$170,182$160,405$151,195$142,522$134,356$128,170
7 years$144,402$134,708$125,644$117,175$109,267$103,323
8 years$125,077$115,470$106,556$98,295$90,648$84,946
9 years$110,053$100,537$91,777$83,726$76,339$70,877
10 years$98,042$88,619$80,013$72,172$65,044$59,820
11 years$88,220$78,892$70,442$62,812$55,940$50,950
12 years$80,042$70,809$62,516$55,094$48,477$43,716
13 years$73,127$63,991$55,854$48,640$42,273$37,736
14 years$67,205$58,166$50,185$43,177$37,056$32,739
15 years$62,077$53,136$45,310$38,506$32,627$28,523
16 years$57,595$48,751$41,080$34,478$28,836$24,939
17 years$53,644$44,898$37,381$30,978$25,568$21,872
18 years$50,136$41,488$34,124$27,918$22,734$19,233
19 years$47,001$38,450$31,239$25,226$20,263$16,950
20 years$44,183$35,730$28,670$22,847$18,099$14,967
21 years$41,637$33,281$26,371$20,735$16,197$13,239
22 years$39,325$31,067$24,305$18,853$14,518$11,728
23 years$37,217$29,056$22,441$17,170$13,032$10,403
24 years$35,288$27,224$20,754$15,660$11,714$9,238
25 years$33,516$25,548$19,223$14,302$10,541$8,212
26 years$31,883$24,011$17,828$13,077$9,495$7,306
27 years$30,373$22,597$16,555$11,969$8,560$6,505
28 years$28,974$21,293$15,390$10,966$7,724$5,796
29 years$27,674$20,088$14,322$10,056$6,975$5,168
30 years$26,462$18,971$13,340$9,229$6,302$4,610
31 years$25,331$17,934$12,436$8,476$5,698$4,114
32 years$24,273$16,969$11,603$7,790$5,154$3,673
33 years$23,281$16,070$10,834$7,164$4,664$3,281
34 years$22,349$15,230$10,123$6,591$4,223$2,932
35 years$21,473$14,446$9,464$6,067$3,825$2,620
36 years$20,647$13,711$8,853$5,588$3,466$2,343
37 years$19,868$13,022$8,287$5,149$3,141$2,095
38 years$19,131$12,376$7,760$4,746$2,848$1,874
39 years$18,434$11,768$7,270$4,376$2,582$1,676
40 years$17,773$11,197$6,815$4,036$2,342$1,500
41 years$17,146$10,658$6,390$3,724$2,125$1,342
42 years$16,551$10,150$5,994$3,436$1,928$1,201
43 years$15,985$9,671$5,624$3,172$1,750$1,075
44 years$15,446$9,219$5,280$2,929$1,588$963
45 years$14,932$8,791$4,957$2,705$1,442$862
46 years$14,443$8,386$4,656$2,499$1,309$772
47 years$13,975$8,003$4,374$2,309$1,189$691
48 years$13,528$7,640$4,111$2,133$1,080$619
49 years$13,101$7,296$3,864$1,971$981$554
50 years$12,693$6,969$3,632$1,822$891$496

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $13,000,000, adding $6,594 every year, while hoping to spend $48,658 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: 66/9/25 Blend
55$13,000,000$13,000,000$13,000,000$13,000,000
56$14,332,802$13,643,802$13,442,302$15,185,255
57$15,742,976$14,260,576$13,840,847$16,376,798
58$17,295,357$14,905,942$14,251,113$17,672,938
59$19,004,398$15,581,248$14,673,440$19,088,967
60$20,886,027$16,287,910$15,108,181$20,636,695
61$22,957,792$17,027,408$15,555,695$22,329,117
62$25,239,031$17,801,295$16,016,355$24,180,541
63$27,751,052$18,611,198$16,490,543$26,206,718
64$30,517,335$19,458,822$16,978,651$28,424,987
65$33,563,752$20,345,953$17,481,085$30,854,440
66$36,918,814$21,274,464$17,998,261$33,516,097
67$40,613,936$22,246,316$18,530,605$36,433,103
68$44,683,737$23,263,565$19,078,560$39,630,945
69$49,166,363$24,328,365$19,642,577$43,137,688
70$54,103,852$25,442,974$20,223,123$46,984,241
71$59,542,524$26,609,759$20,820,677$51,204,640
72$65,533,422$27,831,198$21,435,731$55,836,373
73$72,132,796$29,109,891$22,068,792$60,920,726
74$79,402,627$30,448,562$22,720,382$66,503,172
75$87,411,218$31,850,064$23,391,038$72,633,799
76$96,233,835$33,317,390$24,081,311$79,367,772
77$105,953,419$34,853,676$24,791,768$86,765,861
78$116,661,368$36,462,206$25,522,993$94,895,001
79$128,458,400$38,146,427$26,275,585$103,828,927
80$141,455,503$39,909,948$27,050,164$113,648,864
81$155,774,983$41,756,554$27,847,362$124,444,289
82$171,551,616$43,690,210$28,667,834$136,313,771
83$188,933,925$45,715,074$29,512,251$149,365,899
84$208,085,577$47,835,505$30,381,303$163,720,302
85$229,186,930$50,056,068$31,275,700$179,508,773
86$252,436,734$52,381,553$32,196,174$196,876,509
87$278,054,010$54,816,978$33,143,474$215,983,474
88$306,280,113$57,367,604$34,118,374$237,005,909
89$337,381,012$60,038,944$35,121,668$260,137,984
90$371,649,804$62,836,781$36,154,173$285,593,631
91$409,409,475$65,767,174$37,216,728$313,608,555
92$451,015,951$68,836,475$38,310,198$344,442,450
93$496,861,458$72,051,343$39,435,470$378,381,449
94$547,378,227$75,418,759$40,593,458$415,740,817
95$603,042,568$78,946,040$41,785,101$456,867,919
96$664,379,373$82,640,859$43,011,365$502,145,492
97$731,967,065$86,511,257$44,273,242$551,995,252
98$806,443,064$90,565,666$45,571,753$606,881,866
99$888,509,797$94,812,925$46,907,948$667,317,332
100$978,941,339$99,262,301$48,282,907$733,865,802