Can I retire at age 56 with 13,700,000?

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 $13,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,131,333$1,121,256$1,111,424$1,101,828$1,092,457$1,087,854
2 years$560,066$549,635$539,526$529,725$520,218$515,571
3 years$369,668$359,193$349,109$339,400$330,048$325,500
4 years$274,488$264,045$254,062$244,518$235,393$230,980
5 years$217,395$207,014$197,163$187,814$178,942$174,677
6 years$179,346$169,043$159,337$150,196$141,591$137,479
7 years$152,178$141,962$132,410$123,484$115,151$111,195
8 years$131,811$121,687$112,294$103,588$95,529$91,729
9 years$115,979$105,951$96,719$88,234$80,449$76,804
10 years$103,321$93,390$84,321$76,059$68,547$65,055
11 years$92,971$83,140$74,235$66,194$58,952$55,612
12 years$84,352$74,622$65,882$58,061$51,087$47,895
13 years$77,065$67,437$58,861$51,259$44,549$41,503
14 years$70,824$61,298$52,887$45,502$39,051$36,147
15 years$65,420$55,997$47,750$40,580$34,384$31,619
16 years$60,696$51,376$43,292$36,335$30,388$27,758
17 years$56,533$47,315$39,394$32,647$26,945$24,446
18 years$52,836$43,721$35,962$29,421$23,958$21,586
19 years$49,532$40,521$32,921$26,584$21,354$19,105
20 years$46,562$37,654$30,214$24,077$19,074$16,944
21 years$43,878$35,073$27,791$21,852$17,069$15,054
22 years$41,442$32,739$25,613$19,868$15,300$13,395
23 years$39,221$30,620$23,649$18,094$13,734$11,935
24 years$37,188$28,689$21,872$16,503$12,345$10,647
25 years$35,321$26,924$20,258$15,072$11,108$9,508
26 years$33,600$25,304$18,788$13,781$10,006$8,499
27 years$32,009$23,814$17,446$12,614$9,021$7,603
28 years$30,534$22,440$16,219$11,557$8,140$6,807
29 years$29,164$21,169$15,093$10,598$7,350$6,098
30 years$27,887$19,992$14,058$9,726$6,641$5,466
31 years$26,695$18,899$13,106$8,933$6,004$4,902
32 years$25,580$17,882$12,228$8,210$5,431$4,399
33 years$24,535$16,935$11,418$7,549$4,915$3,948
34 years$23,553$16,051$10,668$6,946$4,450$3,545
35 years$22,629$15,224$9,974$6,394$4,031$3,185
36 years$21,759$14,449$9,330$5,889$3,652$2,862
37 years$20,937$13,724$8,733$5,426$3,310$2,572
38 years$20,161$13,042$8,178$5,001$3,001$2,312
39 years$19,426$12,402$7,662$4,611$2,721$2,079
40 years$18,730$11,800$7,182$4,253$2,468$1,870
41 years$18,070$11,232$6,734$3,924$2,239$1,682
42 years$17,442$10,697$6,317$3,622$2,032$1,513
43 years$16,845$10,192$5,927$3,343$1,844$1,361
44 years$16,278$9,715$5,564$3,087$1,674$1,225
45 years$15,736$9,264$5,224$2,851$1,520$1,103
46 years$15,220$8,838$4,907$2,633$1,380$992
47 years$14,728$8,434$4,610$2,433$1,253$893
48 years$14,257$8,051$4,332$2,248$1,138$804
49 years$13,807$7,689$4,072$2,078$1,033$724
50 years$13,376$7,344$3,828$1,920$939$652

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $13,700,000, adding $2,223 every year, while hoping to spend $58,233 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: 56/17/27 Blend
55$13,700,000$13,700,000$13,700,000$13,700,000
56$15,099,693$14,373,593$14,161,243$15,833,019
57$16,577,902$15,015,940$14,573,685$16,979,677
58$18,204,937$15,687,809$14,997,992$18,222,114
59$19,995,916$16,390,588$15,434,501$19,574,645
60$21,967,499$17,125,726$15,883,556$21,047,906
61$24,138,041$17,894,743$16,345,512$22,653,596
62$26,527,768$18,699,233$16,820,734$24,404,582
63$29,158,969$19,540,864$17,309,597$26,315,021
64$32,056,201$20,421,383$17,812,486$28,400,488
65$35,246,526$21,342,624$18,329,796$30,678,120
66$38,759,763$22,306,504$18,861,936$33,166,774
67$42,628,770$23,315,033$19,409,322$35,887,205
68$46,889,754$24,370,320$19,972,384$38,862,250
69$51,582,613$25,474,570$20,551,563$42,117,050
70$56,751,313$26,630,096$21,147,313$45,679,275
71$62,444,298$27,839,323$21,760,100$49,579,384
72$68,714,956$29,104,788$22,390,402$53,850,910
73$75,622,112$30,429,154$23,038,711$58,530,767
74$83,230,593$31,815,208$23,705,534$63,659,600
75$91,611,832$33,265,872$24,391,388$69,282,158
76$100,844,547$34,784,207$25,096,807$75,447,713
77$111,015,480$36,373,423$25,822,339$82,210,523
78$122,220,219$38,036,881$26,568,548$89,630,332
79$134,564,098$39,778,105$27,336,011$97,772,935
80$148,163,192$41,600,787$28,125,323$106,710,788
81$163,145,410$43,508,798$28,937,094$116,523,687
82$179,651,706$45,506,194$29,771,950$127,299,516
83$197,837,406$47,597,223$30,630,537$139,135,069
84$217,873,676$49,786,342$31,513,515$152,136,954
85$239,949,137$52,078,218$32,421,563$166,422,594
86$264,271,643$54,477,746$33,355,380$182,121,331
87$291,070,248$56,990,052$34,315,682$199,375,630
88$320,597,361$59,620,513$35,303,206$218,342,425
89$353,131,136$62,374,762$36,318,707$239,194,583
90$388,978,090$65,258,703$37,362,962$262,122,535
91$428,476,002$68,278,526$38,436,768$287,336,057
92$471,997,098$71,440,719$39,540,944$315,066,242
93$519,951,568$74,752,080$40,676,331$345,567,674
94$572,791,433$78,219,736$41,843,793$379,120,817
95$631,014,815$81,851,159$43,044,216$416,034,652
96$695,170,640$85,654,180$44,278,511$456,649,584
97$765,863,817$89,637,006$45,547,613$501,340,638
98$843,760,949$93,808,243$46,852,481$550,520,993
99$929,596,629$98,176,910$48,194,102$604,645,863
100$1,024,180,368$102,752,461$49,573,487$664,216,784