Can I retire at age 56 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,127,456
2 years$584,594$573,707$563,155$552,924$543,001$530,069
3 years$385,858$374,924$364,399$354,264$344,502$331,885
4 years$286,510$275,609$265,189$255,227$245,702$233,497
5 years$226,916$216,081$205,797$196,039$186,779$175,022
6 years$187,200$176,446$166,315$156,774$147,792$136,498
7 years$158,843$148,179$138,208$128,893$120,194$109,367
8 years$137,584$127,017$117,212$108,125$99,713$89,352
9 years$121,058$110,591$100,954$92,098$83,972$74,074
10 years$107,846$97,481$88,014$79,390$71,549$62,106
11 years$97,042$86,781$77,486$69,093$61,534$52,540
12 years$88,046$77,890$68,767$60,604$53,324$44,768
13 years$80,440$70,390$61,439$53,504$46,500$38,371
14 years$73,925$63,982$55,203$47,495$40,761$33,049
15 years$68,285$58,449$49,841$42,357$35,890$28,581
16 years$63,354$53,626$45,188$37,926$31,719$24,803
17 years$59,008$49,388$41,120$34,076$28,125$21,586
18 years$55,150$45,636$37,537$30,710$25,007$18,834
19 years$51,701$42,295$34,363$27,749$22,289$16,467
20 years$48,601$39,303$31,537$25,132$19,909$14,425
21 years$45,800$36,609$29,008$22,809$17,817$12,656
22 years$43,257$34,173$26,735$20,738$15,970$11,119
23 years$40,939$31,961$24,685$18,887$14,336$9,780
24 years$38,817$29,946$22,830$17,226$12,885$8,612
25 years$36,868$28,103$21,145$15,732$11,595$7,590
26 years$35,071$26,412$19,611$14,384$10,444$6,695
27 years$33,411$24,857$18,210$13,166$9,416$5,909
28 years$31,872$23,422$16,929$12,063$8,496$5,219
29 years$30,441$22,096$15,754$11,062$7,672$4,612
30 years$29,109$20,868$14,674$10,152$6,932$4,077
31 years$27,864$19,727$13,680$9,324$6,267$3,606
32 years$26,700$18,666$12,764$8,569$5,669$3,191
33 years$25,609$17,677$11,918$7,880$5,131$2,824
34 years$24,584$16,753$11,135$7,250$4,645$2,500
35 years$23,620$15,890$10,411$6,674$4,207$2,214
36 years$22,712$15,082$9,739$6,147$3,812$1,961
37 years$21,854$14,325$9,115$5,663$3,455$1,738
38 years$21,044$13,614$8,536$5,220$3,132$1,540
39 years$20,277$12,945$7,997$4,813$2,840$1,365
40 years$19,550$12,316$7,496$4,440$2,576$1,209
41 years$18,861$11,724$7,029$4,096$2,337$1,072
42 years$18,206$11,165$6,593$3,780$2,121$951
43 years$17,583$10,638$6,187$3,490$1,925$843
44 years$16,990$10,141$5,808$3,222$1,747$747
45 years$16,426$9,670$5,453$2,976$1,586$663
46 years$15,887$9,225$5,122$2,749$1,440$588
47 years$15,373$8,803$4,812$2,539$1,308$521
48 years$14,881$8,404$4,522$2,346$1,188$462
49 years$14,411$8,025$4,250$2,169$1,079$410
50 years$13,962$7,666$3,996$2,004$980$364

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $14,300,000, adding $3,372 every year, while hoping to spend $23,705 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: 54/40/6 Blend
55$14,300,000$14,300,000$14,300,000$14,300,000
56$15,762,078$15,004,178$14,782,528$16,591,849
57$17,344,588$15,714,161$15,252,521$17,862,823
58$19,087,720$16,458,138$15,737,464$19,242,431
59$21,007,831$17,237,751$16,237,833$20,743,267
60$23,122,949$18,054,720$16,754,119$22,376,811
61$25,452,936$18,910,848$17,286,829$24,155,671
62$28,019,683$19,808,027$17,836,485$26,093,700
63$30,847,310$20,748,240$18,403,627$28,206,118
64$33,962,399$21,733,566$18,988,811$30,509,648
65$37,394,239$22,766,186$19,592,612$33,022,672
66$41,175,108$23,848,387$20,215,621$35,765,394
67$45,340,577$24,982,564$20,858,452$38,760,025
68$49,929,839$26,171,234$21,521,733$42,030,982
69$54,986,088$27,417,030$22,206,117$45,605,115
70$60,556,923$28,722,718$22,912,276$49,511,951
71$66,694,793$30,091,196$23,640,901$53,783,962
72$73,457,500$31,525,502$24,392,709$58,456,862
73$80,908,738$33,028,824$25,168,438$63,569,938
74$89,118,697$34,604,504$25,968,848$69,166,410
75$98,164,726$36,256,047$26,794,726$75,293,824
76$108,132,061$37,987,126$27,646,883$82,004,495
77$119,114,632$39,801,597$28,526,155$89,355,989
78$131,215,949$41,703,499$29,433,405$97,411,650
79$144,550,075$43,697,070$30,369,524$106,241,190
80$159,242,711$45,786,754$31,335,431$115,921,332
81$175,432,374$47,977,212$32,332,074$126,536,519
82$193,271,710$50,273,330$33,360,433$138,179,699
83$212,928,934$52,680,232$34,421,517$150,953,186
84$234,589,415$55,203,293$35,516,367$164,969,609
85$258,457,429$57,848,148$36,646,059$180,352,962
86$284,758,088$60,620,709$37,811,703$197,239,751
87$313,739,461$63,527,171$39,014,443$215,780,269
88$345,674,919$66,574,036$40,255,460$236,139,996
89$380,865,716$69,768,119$41,535,974$258,501,137
90$419,643,831$73,116,569$42,857,241$283,064,323
91$462,375,103$76,626,882$44,220,559$310,050,485
92$509,462,684$80,306,919$45,627,268$339,702,911
93$561,350,846$84,164,926$47,078,750$372,289,525
94$618,529,173$88,209,549$48,576,430$408,105,386
95$681,537,188$92,449,856$50,121,779$447,475,446
96$750,969,438$96,895,356$51,716,315$490,757,597
97$827,481,114$101,556,022$53,361,605$538,346,009
98$911,794,235$106,442,314$55,059,266$590,674,831
99$1,004,704,460$111,565,200$56,810,964$648,222,252
100$1,107,088,605$116,936,185$58,618,422$711,514,979