Can I retire at age 56 with 14,400,000?

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 $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,141,997
2 years$588,682$577,719$567,093$556,791$546,798$540,462
3 years$388,557$377,546$366,947$356,741$346,911$340,715
4 years$288,513$277,536$267,043$257,012$247,420$241,411
5 years$228,503$217,592$207,237$197,410$188,085$182,280
6 years$188,509$177,680$167,478$157,870$148,825$143,233
7 years$159,953$149,215$139,175$129,794$121,035$115,657
8 years$138,546$127,905$118,031$108,881$100,410$95,248
9 years$121,905$111,364$101,660$92,742$84,560$79,612
10 years$108,600$98,162$88,630$79,945$72,049$67,313
11 years$97,721$87,388$78,028$69,576$61,965$57,437
12 years$88,662$78,435$69,248$61,027$53,697$49,374
13 years$81,002$70,882$61,869$53,878$46,825$42,703
14 years$74,442$64,430$55,589$47,827$41,047$37,120
15 years$68,762$58,858$50,190$42,653$36,141$32,405
16 years$63,797$54,001$45,504$38,191$31,941$28,391
17 years$59,421$49,733$41,407$34,315$28,321$24,951
18 years$55,535$45,955$37,799$30,924$25,182$21,987
19 years$52,063$42,591$34,603$27,943$22,445$19,418
20 years$48,941$39,578$31,757$25,308$20,048$17,184
21 years$46,120$36,865$29,211$22,968$17,941$15,234
22 years$43,560$34,412$26,922$20,883$16,082$13,525
23 years$41,225$32,185$24,858$19,019$14,436$12,024
24 years$39,088$30,155$22,989$17,346$12,975$10,702
25 years$37,125$28,299$21,293$15,842$11,676$9,535
26 years$35,316$26,597$19,748$14,485$10,517$8,503
27 years$33,644$25,031$18,338$13,258$9,482$7,589
28 years$32,094$23,586$17,047$12,147$8,556$6,778
29 years$30,654$22,251$15,864$11,139$7,726$6,058
30 years$29,312$21,014$14,777$10,223$6,981$5,417
31 years$28,059$19,865$13,776$9,389$6,311$4,846
32 years$26,887$18,796$12,853$8,629$5,709$4,338
33 years$25,788$17,800$12,001$7,935$5,167$3,884
34 years$24,756$16,871$11,213$7,301$4,678$3,479
35 years$23,785$16,002$10,483$6,721$4,237$3,117
36 years$22,871$15,188$9,807$6,190$3,839$2,794
37 years$22,007$14,425$9,179$5,703$3,479$2,505
38 years$21,191$13,709$8,596$5,257$3,154$2,246
39 years$20,419$13,036$8,053$4,847$2,860$2,014
40 years$19,687$12,402$7,548$4,471$2,594$1,807
41 years$18,993$11,806$7,078$4,125$2,354$1,621
42 years$18,333$11,244$6,639$3,807$2,136$1,455
43 years$17,706$10,713$6,230$3,514$1,938$1,306
44 years$17,109$10,212$5,848$3,245$1,759$1,172
45 years$16,540$9,738$5,491$2,996$1,597$1,052
46 years$15,998$9,289$5,157$2,768$1,450$944
47 years$15,480$8,865$4,845$2,557$1,317$848
48 years$14,985$8,463$4,553$2,363$1,196$761
49 years$14,512$8,081$4,280$2,184$1,086$684
50 years$14,059$7,720$4,024$2,018$987$614

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $14,400,000, adding $2,446 every year, while hoping to spend $50,105 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: 47/45/8 Blend
55$14,400,000$14,400,000$14,400,000$14,400,000
56$15,871,323$15,108,123$14,884,923$16,582,685
57$17,436,887$15,795,110$15,330,257$17,758,722
58$19,160,458$16,514,079$15,788,830$19,028,856
59$21,058,102$17,266,547$16,261,033$20,406,091
60$23,147,519$18,054,098$16,747,268$21,900,379
61$25,448,214$18,878,396$17,247,948$23,522,641
62$27,981,678$19,741,183$17,763,501$25,284,866
63$30,771,594$20,644,287$18,294,363$27,200,219
64$33,844,059$21,589,619$18,840,987$29,283,158
65$37,227,829$22,579,187$19,403,836$31,549,561
66$40,954,591$23,615,090$19,983,388$34,016,872
67$45,059,263$24,699,534$20,580,136$36,704,258
68$49,580,322$25,834,825$21,194,584$39,632,778
69$54,560,167$27,023,383$21,827,254$42,825,579
70$60,045,519$28,267,744$22,478,683$46,308,100
71$66,087,864$29,570,565$23,149,421$50,108,308
72$72,743,936$30,934,633$23,840,036$54,256,951
73$80,076,253$32,362,866$24,551,113$58,787,834
74$88,153,708$33,858,323$25,283,252$63,738,136
75$97,052,219$35,424,213$26,037,074$69,148,742
76$106,855,442$37,063,897$26,813,213$75,064,621
77$117,655,568$38,780,898$27,612,326$81,535,239
78$129,554,183$40,578,910$28,435,086$88,615,012
79$142,663,236$42,461,803$29,282,188$96,363,807
80$157,106,091$44,433,636$30,154,346$104,847,494
81$173,018,689$46,498,661$31,052,294$114,138,552
82$190,550,838$48,661,338$31,976,788$124,316,738
83$209,867,619$50,926,339$32,928,606$135,469,827
84$231,150,951$53,298,565$33,908,549$147,694,420
85$254,601,303$55,783,149$34,917,440$161,096,841
86$280,439,588$58,385,476$35,956,127$175,794,120
87$308,909,251$61,111,190$37,025,483$191,915,085
88$340,278,562$63,966,205$38,126,403$209,601,549
89$374,843,150$66,956,724$39,259,813$229,009,636
90$412,928,796$70,089,247$40,426,661$250,311,227
91$454,894,504$73,370,592$41,627,925$273,695,565
92$501,135,894$76,807,901$42,864,611$299,371,012
93$552,088,934$80,408,667$44,137,754$327,566,995
94$608,234,055$84,180,741$45,448,418$358,536,145
95$670,100,687$88,132,357$46,797,699$392,556,652
96$738,272,259$92,272,144$48,186,724$429,934,864
97$813,391,703$96,609,152$49,616,653$471,008,149
98$896,167,523$101,152,868$51,088,677$516,148,047
99$987,380,488$105,913,236$52,604,026$565,763,746
100$1,087,890,998$110,900,684$54,163,960$620,305,909