Can I retire at age 56 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,050,359
2 years$543,714$533,587$523,774$514,258$505,029$494,752
3 years$358,875$348,705$338,916$329,490$320,411$310,378
4 years$266,474$256,335$246,644$237,379$228,520$218,808
5 years$211,048$200,970$191,406$182,330$173,717$164,354
6 years$174,109$164,107$154,685$145,811$137,456$128,455
7 years$147,735$137,817$128,544$119,879$111,789$103,152
8 years$127,963$118,135$109,015$100,564$92,740$84,467
9 years$112,593$102,857$93,895$85,658$78,100$70,189
10 years$100,304$90,664$81,860$73,838$66,545$58,991
11 years$90,256$80,713$72,068$64,261$57,231$50,028
12 years$81,889$72,443$63,958$56,366$49,595$42,736
13 years$74,814$65,468$57,143$49,762$43,248$36,725
14 years$68,756$59,508$51,343$44,173$37,911$31,715
15 years$63,510$54,362$46,356$39,395$33,380$27,502
16 years$58,924$49,876$42,028$35,274$29,501$23,932
17 years$54,882$45,934$38,244$31,693$26,158$20,887
18 years$51,293$42,445$34,912$28,562$23,258$18,275
19 years$48,086$39,338$31,960$25,808$20,731$16,025
20 years$45,202$36,554$29,331$23,374$18,517$14,079
21 years$42,597$34,049$26,979$21,214$16,571$12,389
22 years$40,232$31,783$24,866$19,288$14,853$10,917
23 years$38,076$29,726$22,959$17,566$13,333$9,632
24 years$36,102$27,852$21,233$16,021$11,984$8,508
25 years$34,289$26,137$19,666$14,632$10,784$7,522
26 years$32,619$24,565$18,239$13,378$9,714$6,656
27 years$31,074$23,119$16,937$12,246$8,758$5,893
28 years$29,643$21,784$15,745$11,220$7,902$5,222
29 years$28,312$20,551$14,652$10,289$7,136$4,629
30 years$27,073$19,408$13,648$9,442$6,447$4,106
31 years$25,916$18,347$12,723$8,672$5,829$3,644
32 years$24,833$17,360$11,871$7,970$5,273$3,235
33 years$23,818$16,441$11,084$7,329$4,772$2,873
34 years$22,865$15,582$10,356$6,743$4,320$2,552
35 years$21,968$14,779$9,683$6,208$3,913$2,267
36 years$21,123$14,028$9,058$5,717$3,546$2,015
37 years$20,326$13,323$8,478$5,267$3,213$1,791
38 years$19,572$12,662$7,939$4,855$2,913$1,593
39 years$18,859$12,040$7,438$4,477$2,642$1,416
40 years$18,183$11,455$6,972$4,129$2,396$1,260
41 years$17,542$10,904$6,537$3,810$2,174$1,121
42 years$16,933$10,385$6,132$3,516$1,973$997
43 years$16,354$9,895$5,754$3,245$1,790$887
44 years$15,802$9,432$5,401$2,997$1,625$789
45 years$15,277$8,994$5,072$2,768$1,475$702
46 years$14,776$8,580$4,764$2,556$1,339$625
47 years$14,298$8,188$4,475$2,362$1,216$556
48 years$13,841$7,816$4,205$2,182$1,105$495
49 years$13,404$7,464$3,953$2,017$1,003$441
50 years$12,985$7,130$3,716$1,864$911$392

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $13,300,000, adding $5,679 every year, while hoping to spend $41,617 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: 44/27/29 Blend
55$13,300,000$13,300,000$13,300,000$13,300,000
56$14,662,458$13,957,558$13,751,408$15,183,838
57$16,113,748$14,597,198$14,167,800$16,196,904
58$17,711,676$15,266,786$14,596,746$17,290,011
59$19,471,153$15,967,745$15,038,623$18,474,213
60$21,408,613$16,701,566$15,493,819$19,758,019
61$23,542,163$17,469,814$15,962,734$21,150,770
62$25,891,755$18,274,127$16,445,778$22,662,729
63$28,479,378$19,116,223$16,943,375$24,305,170
64$31,329,258$19,997,901$17,455,961$26,090,481
65$34,468,093$20,921,049$17,983,986$28,032,277
66$37,925,301$21,887,643$18,527,912$30,145,521
67$41,733,300$22,899,756$19,088,216$32,446,661
68$45,927,814$23,959,561$19,665,388$34,953,781
69$50,548,206$25,069,335$20,259,934$37,686,765
70$55,637,854$26,231,463$20,872,373$40,667,478
71$61,244,559$27,448,449$21,503,241$43,919,966
72$67,420,994$28,722,913$22,153,090$47,470,678
73$74,225,205$30,057,605$22,822,488$51,348,708
74$81,721,154$31,455,407$23,512,020$55,586,061
75$89,979,327$32,919,337$24,222,288$60,217,951
76$99,077,396$34,452,562$24,953,912$65,283,123
77$109,100,954$36,058,401$25,707,531$70,824,208
78$120,144,321$37,740,332$26,483,803$76,888,126
79$132,311,436$39,502,002$27,283,405$83,526,509
80$145,716,837$41,347,235$28,107,034$90,796,186
81$160,486,742$43,280,038$28,955,407$98,759,709
82$176,760,242$45,304,612$29,829,266$107,485,931
83$194,690,610$47,425,361$30,729,369$117,050,648
84$214,446,752$49,646,903$31,656,503$127,537,301
85$236,214,797$51,974,078$32,611,472$139,037,754
86$260,199,859$54,411,961$33,595,110$151,653,148
87$286,627,969$56,965,871$34,608,270$165,494,846
88$315,748,209$59,641,387$35,651,834$180,685,466
89$347,835,066$62,444,354$36,726,710$197,360,030
90$383,191,019$65,380,904$37,833,831$215,667,219
91$422,149,398$68,457,463$38,974,160$235,770,769
92$465,077,528$71,680,769$40,148,685$257,850,992
93$512,380,197$75,057,888$41,358,427$282,106,469
94$564,503,478$78,596,226$42,604,435$308,755,905
95$621,938,940$82,303,548$43,887,791$338,040,176
96$685,228,286$86,187,996$45,209,606$370,224,581
97$754,968,470$90,258,107$46,571,027$405,601,335
98$831,817,330$94,522,830$47,973,232$444,492,296
99$916,499,799$98,991,550$49,417,437$487,251,995
100$1,009,814,749$103,674,106$50,904,892$534,270,949