Can I retire at age 56 with 13,500,000?

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 $13,500,000?

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$1,114,817$1,104,887$1,095,199$1,085,743$1,076,509$1,060,860
2 years$551,890$541,611$531,650$521,992$512,623$496,890
3 years$364,272$353,949$344,013$334,445$325,229$309,901
4 years$270,481$260,190$250,353$240,949$231,956$217,151
5 years$214,222$203,992$194,284$185,072$176,329$162,090
6 years$176,727$166,575$157,011$148,003$139,524$125,867
7 years$149,956$139,889$130,477$121,682$113,470$100,400
8 years$129,887$119,911$110,654$102,076$94,134$81,650
9 years$114,286$104,404$95,307$86,946$79,275$67,370
10 years$101,812$92,027$83,091$74,948$67,546$56,212
11 years$91,613$81,926$73,152$65,227$58,092$47,317
12 years$83,120$73,533$64,920$57,213$50,341$40,113
13 years$75,940$66,452$58,002$50,511$43,898$34,202
14 years$69,790$60,403$52,115$44,838$38,481$29,302
15 years$64,465$55,179$47,053$39,987$33,882$25,203
16 years$59,810$50,626$42,660$35,804$29,945$21,750
17 years$55,707$46,625$38,819$32,170$26,551$18,823
18 years$52,064$43,083$35,437$28,992$23,608$16,329
19 years$48,809$39,929$32,441$26,196$21,042$14,194
20 years$45,882$37,104$29,772$23,726$18,795$12,360
21 years$43,238$34,561$27,385$21,533$16,820$10,779
22 years$40,837$32,261$25,239$19,578$15,077$9,413
23 years$38,649$30,173$23,304$17,830$13,534$8,229
24 years$36,645$28,271$21,552$16,262$12,164$7,201
25 years$34,805$26,531$19,962$14,852$10,946$6,307
26 years$33,109$24,934$18,514$13,580$9,860$5,528
27 years$31,542$23,466$17,192$12,430$8,889$4,848
28 years$30,089$22,112$15,982$11,388$8,021$4,254
29 years$28,738$20,860$14,872$10,443$7,243$3,735
30 years$27,480$19,700$13,853$9,584$6,544$3,281
31 years$26,306$18,623$12,915$8,802$5,917$2,883
32 years$25,207$17,621$12,050$8,090$5,352$2,534
33 years$24,177$16,688$11,251$7,439$4,844$2,228
34 years$23,209$15,816$10,512$6,845$4,385$1,959
35 years$22,299$15,001$9,828$6,301$3,972$1,723
36 years$21,441$14,239$9,194$5,803$3,599$1,516
37 years$20,632$13,523$8,605$5,347$3,262$1,334
38 years$19,867$12,852$8,059$4,928$2,957$1,174
39 years$19,143$12,221$7,550$4,544$2,682$1,033
40 years$18,457$11,627$7,077$4,191$2,432$910
41 years$17,806$11,068$6,636$3,867$2,207$801
42 years$17,187$10,541$6,224$3,569$2,002$705
43 years$16,600$10,043$5,841$3,294$1,817$621
44 years$16,040$9,573$5,483$3,042$1,649$547
45 years$15,507$9,129$5,148$2,809$1,497$482
46 years$14,998$8,709$4,835$2,595$1,360$424
47 years$14,513$8,311$4,543$2,397$1,235$374
48 years$14,049$7,934$4,269$2,215$1,121$329
49 years$13,605$7,576$4,012$2,047$1,018$290
50 years$13,181$7,237$3,772$1,892$925$255

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $13,500,000, adding $5,490 every year, while hoping to spend $44,248 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: 55/22/23 Blend
55$13,500,000$13,500,000$13,500,000$13,500,000
56$14,882,663$14,167,163$13,957,913$15,607,323
57$16,353,615$14,814,274$14,378,423$16,752,099
58$17,973,121$15,491,611$14,811,538$17,993,062
59$19,756,287$16,200,608$15,257,632$19,343,614
60$21,719,758$16,942,768$15,717,093$20,814,283
61$23,881,876$17,719,665$16,190,318$22,416,644
62$26,262,851$18,532,952$16,677,717$24,163,426
63$28,884,953$19,384,359$17,179,712$26,068,625
64$31,772,724$20,275,698$17,696,737$28,147,639
65$34,953,204$21,208,869$18,229,241$30,417,402
66$38,456,193$22,185,866$18,777,683$32,896,544
67$42,314,526$23,208,775$19,342,536$35,605,561
68$46,564,387$24,279,784$19,924,291$38,567,006
69$51,245,648$25,401,187$20,523,448$41,805,694
70$56,402,246$26,575,387$21,140,525$45,348,933
71$62,082,597$27,804,903$21,776,055$49,226,776
72$68,340,055$29,092,376$22,430,586$53,472,300
73$75,233,412$30,440,574$23,104,682$58,121,913
74$82,827,456$31,852,398$23,798,924$63,215,690
75$91,193,579$33,330,889$24,513,911$68,797,747
76$100,410,456$34,879,233$25,250,259$74,916,649
77$110,564,780$36,500,774$26,008,600$81,625,866
78$121,752,088$38,199,012$26,789,589$88,984,263
79$134,077,657$39,977,620$27,593,896$97,056,657
80$147,657,500$41,840,445$28,422,213$105,914,417
81$162,619,461$43,791,522$29,275,253$115,636,128
82$179,104,419$45,835,080$30,153,747$126,308,329
83$197,267,623$47,975,553$31,058,451$138,026,319
84$217,280,153$50,217,587$31,990,141$150,895,044
85$239,330,534$52,566,054$32,949,617$165,030,088
86$263,626,520$55,026,063$33,937,701$180,558,741
87$290,397,052$57,602,966$34,955,240$197,621,204
88$319,894,417$60,302,377$36,003,106$216,371,891
89$352,396,635$63,130,181$37,082,198$236,980,880
90$388,210,078$66,092,546$38,193,437$259,635,508
91$427,672,365$69,195,940$39,337,777$284,542,125
92$471,155,548$72,447,144$40,516,195$311,928,029
93$519,069,626$75,853,265$41,729,699$342,043,599
94$571,866,410$79,421,757$42,979,326$375,164,647
95$630,043,793$83,160,433$44,266,143$411,595,002
96$694,150,451$87,077,485$45,591,250$451,669,369
97$764,791,017$91,181,502$46,955,777$495,756,466
98$842,631,793$95,481,488$48,360,887$544,262,496
99$928,407,039$99,986,884$49,807,780$597,634,956
100$1,022,925,905$104,707,589$51,297,688$656,366,850