Can I retire at age 56 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,130,127
2 years$596,859$585,743$574,970$564,524$554,393$520,316
3 years$393,953$382,789$372,043$361,696$351,729$318,742
4 years$292,520$281,391$270,752$260,582$250,856$219,211
5 years$231,677$220,614$210,115$200,152$190,697$160,480
6 years$191,127$180,148$169,804$160,063$150,892$122,131
7 years$162,175$151,288$141,108$131,597$122,716$95,410
8 years$140,471$129,682$119,671$110,393$101,804$75,937
9 years$123,598$112,911$103,072$94,030$85,734$61,280
10 years$110,108$99,526$89,861$81,055$73,050$49,974
11 years$99,078$88,602$79,112$70,542$62,825$41,090
12 years$89,893$79,524$70,210$61,875$54,443$34,005
13 years$82,127$71,867$62,728$54,626$47,475$28,288
14 years$75,476$65,325$56,361$48,491$41,617$23,632
15 years$69,718$59,675$50,887$43,246$36,643$19,810
16 years$64,684$54,751$46,136$38,722$32,385$16,654
17 years$60,246$50,424$41,982$34,791$28,715$14,033
18 years$56,307$46,594$38,324$31,354$25,532$11,848
19 years$52,786$43,183$35,084$28,331$22,757$10,020
20 years$49,621$40,127$32,198$25,659$20,327$8,485
21 years$46,761$37,377$29,616$23,287$18,190$7,194
22 years$44,165$34,890$27,296$21,173$16,305$6,105
23 years$41,798$32,632$25,203$19,283$14,636$5,185
24 years$39,631$30,574$23,309$17,587$13,155$4,407
25 years$37,641$28,692$21,588$16,062$11,838$3,748
26 years$35,807$26,966$20,022$14,686$10,663$3,189
27 years$34,112$25,378$18,592$13,442$9,614$2,714
28 years$32,540$23,914$17,284$12,316$8,675$2,311
29 years$31,080$22,560$16,084$11,294$7,833$1,968
30 years$29,719$21,305$14,982$10,365$7,078$1,677
31 years$28,449$20,141$13,967$9,520$6,399$1,429
32 years$27,261$19,057$13,032$8,749$5,788$1,218
33 years$26,146$18,047$12,168$8,045$5,238$1,038
34 years$25,100$17,105$11,369$7,402$4,743$885
35 years$24,116$16,224$10,629$6,814$4,296$755
36 years$23,188$15,399$9,943$6,276$3,892$644
37 years$22,313$14,625$9,307$5,782$3,528$549
38 years$21,485$13,899$8,715$5,330$3,198$468
39 years$20,702$13,217$8,165$4,914$2,900$399
40 years$19,961$12,575$7,653$4,533$2,630$341
41 years$19,257$11,970$7,176$4,182$2,386$291
42 years$18,588$11,400$6,732$3,859$2,165$248
43 years$17,952$10,862$6,317$3,563$1,965$211
44 years$17,347$10,353$5,929$3,290$1,784$180
45 years$16,770$9,873$5,567$3,038$1,619$154
46 years$16,220$9,418$5,229$2,806$1,470$131
47 years$15,695$8,988$4,913$2,593$1,335$112
48 years$15,193$8,580$4,617$2,396$1,213$96
49 years$14,714$8,194$4,339$2,214$1,101$82
50 years$14,255$7,827$4,080$2,046$1,000$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $14,600,000, adding $4,224 every year, while hoping to spend $58,512 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: 86/6/8 Blend
55$14,600,000$14,600,000$14,600,000$14,600,000
56$16,093,557$15,319,757$15,093,457$17,463,932
57$17,672,844$16,008,169$15,536,832$19,046,858
58$19,411,256$16,728,352$15,993,098$20,777,622
59$21,324,964$17,481,801$16,462,627$22,677,712
60$23,431,784$18,270,082$16,945,798$24,764,145
61$25,751,346$19,094,837$17,443,003$27,055,661
62$28,305,285$19,957,785$17,954,644$29,572,903
63$31,117,434$20,860,727$18,481,136$32,338,609
64$34,214,061$21,805,551$19,022,902$35,377,825
65$37,624,108$22,794,235$19,580,382$38,718,142
66$41,379,465$23,828,852$20,154,023$42,389,952
67$45,515,277$24,911,572$20,744,289$46,426,735
68$50,070,268$26,044,671$21,351,655$50,865,374
69$55,087,109$27,230,533$21,976,609$55,746,501
70$60,612,822$28,471,658$22,619,654$61,114,879
71$66,699,223$29,770,663$23,281,306$67,019,822
72$73,403,410$31,130,291$23,962,096$73,515,660
73$80,788,302$32,553,419$24,662,569$80,662,247
74$88,923,231$34,043,059$25,383,288$88,525,530
75$97,884,600$35,602,369$26,124,828$97,178,163
76$107,756,602$37,234,657$26,887,782$106,700,193
77$118,632,013$38,943,393$27,672,760$117,179,817
78$130,613,069$40,732,210$28,480,389$128,714,207
79$143,812,432$42,604,918$29,311,311$141,410,427
80$158,354,249$44,565,509$30,166,190$155,386,442
81$174,375,330$46,618,166$31,045,705$170,772,227
82$192,026,434$48,767,276$31,950,555$187,710,994
83$211,473,691$51,017,434$32,881,460$206,360,538
84$232,900,177$53,373,457$33,839,158$226,894,727
85$256,507,633$55,840,395$34,824,408$249,505,138
86$282,518,376$58,423,539$35,837,991$274,402,862
87$311,177,395$61,128,437$36,880,708$301,820,496
88$342,754,661$63,960,902$37,953,383$332,014,331
89$377,547,679$66,927,029$39,056,864$365,266,772
90$415,884,294$70,033,205$40,192,021$401,889,001
91$458,125,787$73,286,127$41,359,749$442,223,904
92$504,670,283$76,692,813$42,560,966$486,649,313
93$555,956,511$80,260,619$43,796,617$535,581,560
94$612,467,945$83,997,259$45,067,674$589,479,410
95$674,737,366$87,910,817$46,375,132$648,848,383
96$743,351,896$92,009,765$47,720,018$714,245,523
97$818,958,535$96,302,989$49,103,384$786,284,653
98$902,270,270$100,799,800$50,526,312$865,642,160
99$994,072,809$105,509,961$51,989,914$953,063,383
100$1,095,231,991$110,443,705$53,495,332$1,049,369,635