Can I retire at age 56 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,175,942
2 years$617,299$605,802$594,660$583,857$573,379$545,175
3 years$407,445$395,899$384,785$374,083$363,775$336,402
4 years$302,538$291,027$280,025$269,506$259,447$233,115
5 years$239,611$228,169$217,311$207,006$197,228$172,011
6 years$197,673$186,317$175,619$165,545$156,060$131,983
7 years$167,729$156,469$145,940$136,103$126,918$103,986
8 years$145,281$134,123$123,769$114,174$105,291$83,495
9 years$127,831$116,778$106,602$97,251$88,670$67,992
10 years$113,879$102,934$92,938$83,831$75,551$55,969
11 years$102,471$91,636$81,821$72,958$64,977$46,463
12 years$92,972$82,248$72,614$63,994$56,307$38,832
13 years$84,940$74,328$64,876$56,497$49,101$32,631
14 years$78,061$67,562$58,292$50,152$43,042$27,543
15 years$72,105$61,719$52,629$44,727$37,897$23,333
16 years$66,899$56,626$47,716$40,048$33,494$19,827
17 years$62,310$52,150$43,420$35,983$29,698$16,890
18 years$58,235$48,189$39,637$32,428$26,406$14,419
19 years$54,593$44,661$36,286$29,301$23,536$12,332
20 years$51,320$41,502$33,301$26,538$21,023$10,563
21 years$48,362$38,657$30,631$24,085$18,813$9,059
22 years$45,677$36,085$28,231$21,899$16,863$7,778
23 years$43,229$33,750$26,066$19,943$15,138$6,684
24 years$40,988$31,621$24,107$18,190$13,606$5,749
25 years$38,930$29,675$22,328$16,612$12,243$4,948
26 years$37,033$27,890$20,708$15,189$11,028$4,261
27 years$35,280$26,247$19,229$13,903$9,943$3,671
28 years$33,655$24,733$17,876$12,738$8,972$3,165
29 years$32,144$23,333$16,635$11,681$8,101$2,729
30 years$30,737$22,035$15,495$10,720$7,320$2,354
31 years$29,423$20,830$14,445$9,846$6,618$2,031
32 years$28,194$19,710$13,478$9,048$5,986$1,753
33 years$27,042$18,666$12,584$8,321$5,418$1,513
34 years$25,960$17,691$11,758$7,656$4,905$1,306
35 years$24,942$16,779$10,993$7,048$4,443$1,128
36 years$23,982$15,926$10,284$6,491$4,025$974
37 years$23,077$15,126$9,625$5,980$3,648$841
38 years$22,221$14,375$9,014$5,512$3,308$727
39 years$21,411$13,669$8,445$5,083$2,999$628
40 years$20,644$13,005$7,915$4,688$2,721$542
41 years$19,916$12,380$7,422$4,325$2,468$469
42 years$19,225$11,790$6,962$3,992$2,240$405
43 years$18,567$11,234$6,533$3,685$2,033$350
44 years$17,941$10,708$6,132$3,402$1,845$302
45 years$17,345$10,211$5,758$3,142$1,675$261
46 years$16,776$9,741$5,408$2,902$1,521$226
47 years$16,233$9,296$5,081$2,681$1,381$195
48 years$15,714$8,874$4,775$2,478$1,254$169
49 years$15,218$8,474$4,488$2,290$1,139$146
50 years$14,743$8,095$4,219$2,117$1,035$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $15,100,000, adding $4,874 every year, while hoping to spend $30,613 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: 83/5/12 Blend
55$15,100,000$15,100,000$15,100,000$15,100,000
56$16,645,228$15,844,928$15,610,878$17,991,393
57$18,310,469$16,588,757$16,101,270$19,617,781
58$20,144,539$17,368,008$16,607,064$21,399,026
59$22,164,625$18,184,384$17,128,745$23,354,332
60$24,389,669$19,039,671$17,666,810$25,501,181
61$26,840,541$19,935,741$18,221,774$27,858,824
62$29,540,241$20,874,556$18,794,168$30,448,466
63$32,514,111$21,858,176$19,384,538$33,293,464
64$35,790,081$22,888,757$19,993,451$36,419,547
65$39,398,925$23,968,562$20,621,487$39,855,053
66$43,374,556$25,099,962$21,269,248$43,631,200
67$47,754,345$26,285,444$21,937,352$47,782,379
68$52,579,473$27,527,616$22,626,438$52,346,471
69$57,895,322$28,829,211$23,337,166$57,365,209
70$63,751,898$30,193,096$24,070,214$62,884,569
71$70,204,309$31,622,276$24,826,284$68,955,200
72$77,313,283$33,119,901$25,606,099$75,632,901
73$85,145,738$34,689,277$26,410,403$82,979,147
74$93,775,418$36,333,866$27,239,967$91,061,665
75$103,283,587$38,057,302$28,095,582$99,955,073
76$113,759,797$39,863,393$28,978,068$109,741,582
77$125,302,730$41,756,134$29,888,267$120,511,767
78$138,021,135$43,739,710$30,827,050$132,365,423
79$152,034,849$45,818,514$31,795,315$145,412,503
80$167,475,932$47,997,150$32,793,986$159,774,154
81$184,489,911$50,280,445$33,824,019$175,583,855
82$203,237,157$52,673,461$34,886,398$192,988,677
83$223,894,394$55,181,508$35,982,139$212,150,669
84$246,656,370$57,810,150$37,112,290$233,248,382
85$271,737,699$60,565,226$38,277,930$256,478,552
86$299,374,877$63,452,855$39,480,174$282,057,955
87$329,828,526$66,479,456$40,720,171$310,225,449
88$363,385,845$69,651,759$41,999,106$341,244,224
89$400,363,327$72,976,822$43,318,202$375,404,287
90$441,109,745$76,462,044$44,678,720$413,025,188
91$486,009,442$80,115,187$46,081,960$454,459,042
92$535,485,962$83,944,389$47,529,264$500,093,842
93$590,006,050$87,958,184$49,022,014$550,357,116
94$650,084,054$92,165,521$50,561,637$605,719,967
95$716,286,781$96,575,785$52,149,606$666,701,507
96$789,238,852$101,198,819$53,787,437$733,873,754
97$869,628,596$106,044,941$55,476,697$807,867,031
98$958,214,545$111,124,976$57,218,999$889,375,908
99$1,055,832,603$116,450,274$59,016,010$979,165,750
100$1,163,403,927$122,032,736$60,869,445$1,078,079,945