Can I retire at age 56 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,204,431
2 years$621,387$609,814$598,598$587,724$577,176$569,471
3 years$410,143$398,520$387,333$376,560$366,184$358,651
4 years$304,542$292,955$281,879$271,291$261,166$253,863
5 years$241,198$229,680$218,750$208,377$198,534$191,483
6 years$198,982$187,551$176,782$166,641$157,093$150,302
7 years$168,840$157,505$146,907$137,005$127,759$121,232
8 years$146,243$135,011$124,589$114,930$105,988$99,726
9 years$128,678$117,551$107,308$97,895$89,257$83,257
10 years$114,633$103,616$93,554$84,386$76,052$70,311
11 years$103,150$92,243$82,363$73,441$65,407$59,922
12 years$93,587$82,792$73,095$64,418$56,680$51,446
13 years$85,502$74,820$65,306$56,871$49,426$44,438
14 years$78,578$68,009$58,678$50,484$43,327$38,578
15 years$72,583$62,128$52,978$45,023$38,148$33,633
16 years$67,342$57,001$48,032$40,313$33,716$29,427
17 years$62,722$52,496$43,707$36,221$29,895$25,826
18 years$58,621$48,509$39,899$32,642$26,581$22,725
19 years$54,955$44,957$36,526$29,495$23,692$20,042
20 years$51,660$41,776$33,522$26,714$21,162$17,711
21 years$48,683$38,913$30,833$24,244$18,938$15,677
22 years$45,980$36,324$28,418$22,044$16,975$13,898
23 years$43,515$33,973$26,239$20,076$15,238$12,337
24 years$41,260$31,831$24,266$18,310$13,696$10,964
25 years$39,188$29,871$22,476$16,722$12,324$9,754
26 years$37,279$28,074$20,845$15,290$11,101$8,684
27 years$35,514$26,421$19,356$13,995$10,009$7,739
28 years$33,877$24,897$17,994$12,822$9,031$6,901
29 years$32,357$23,487$16,745$11,758$8,155$6,157
30 years$30,941$22,181$15,598$10,791$7,368$5,497
31 years$29,618$20,968$14,541$9,911$6,662$4,910
32 years$28,381$19,840$13,567$9,108$6,026$4,388
33 years$27,221$18,789$12,668$8,376$5,454$3,922
34 years$26,132$17,808$11,836$7,707$4,938$3,507
35 years$25,107$16,890$11,066$7,094$4,472$3,138
36 years$24,141$16,032$10,352$6,534$4,052$2,807
37 years$23,230$15,226$9,689$6,020$3,672$2,513
38 years$22,368$14,470$9,073$5,549$3,329$2,249
39 years$21,553$13,760$8,501$5,116$3,019$2,014
40 years$20,781$13,091$7,968$4,719$2,739$1,803
41 years$20,048$12,462$7,471$4,354$2,485$1,615
42 years$19,352$11,868$7,008$4,018$2,254$1,447
43 years$18,690$11,308$6,576$3,709$2,046$1,296
44 years$18,060$10,779$6,173$3,425$1,857$1,161
45 years$17,459$10,279$5,796$3,163$1,686$1,041
46 years$16,887$9,805$5,444$2,922$1,531$933
47 years$16,340$9,357$5,115$2,699$1,390$836
48 years$15,818$8,933$4,806$2,494$1,262$749
49 years$15,318$8,530$4,518$2,305$1,147$672
50 years$14,841$8,149$4,247$2,131$1,041$602

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $15,200,000, adding $6,186 every year, while hoping to spend $49,612 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: 56/36/8 Blend
55$15,200,000$15,200,000$15,200,000$15,200,000
56$16,756,781$15,951,181$15,715,581$17,663,619
57$18,413,186$16,680,002$16,189,266$19,004,797
58$20,236,881$17,442,872$16,677,157$20,458,794
59$22,244,878$18,241,408$17,179,677$22,041,210
60$24,455,922$19,077,304$17,697,262$23,764,287
61$26,890,667$19,952,333$18,230,362$25,641,481
62$29,571,874$20,868,356$18,779,437$27,687,578
63$32,524,622$21,827,322$19,344,966$29,918,830
64$35,776,548$22,831,275$19,927,436$32,353,105
65$39,358,104$23,882,356$20,527,354$35,010,046
66$43,302,848$24,982,809$21,145,237$37,911,253
67$47,647,757$26,134,985$21,781,622$41,080,478
68$52,433,580$27,341,351$22,437,058$44,543,845
69$57,705,218$28,604,490$23,112,112$48,330,084
70$63,512,151$29,927,111$23,807,368$52,470,803
71$69,908,902$31,312,051$24,523,427$57,000,772
72$76,955,555$32,762,286$25,260,906$61,958,243
73$84,718,319$34,280,936$26,020,444$67,385,306
74$93,270,153$35,871,268$26,802,695$73,328,275
75$102,691,458$37,536,709$27,608,334$79,838,116
76$113,070,830$39,280,850$28,438,057$86,970,918
77$124,505,900$41,107,458$29,292,577$94,788,413
78$137,104,255$43,020,477$30,172,632$103,358,545
79$150,984,454$45,024,045$31,078,980$112,756,104
80$166,277,143$47,122,497$32,012,400$123,063,418
81$183,126,293$49,320,381$32,973,697$134,371,117
82$201,690,556$51,622,461$33,963,697$146,778,977
83$222,144,763$54,033,732$34,983,252$160,396,846
84$244,681,576$56,559,432$36,033,237$175,345,670
85$269,513,301$59,205,049$37,114,555$191,758,616
86$296,873,900$61,976,338$38,228,135$209,782,316
87$327,021,193$64,879,334$39,374,933$229,578,235
88$360,239,294$67,920,360$40,555,932$251,324,174
89$396,841,292$71,106,048$41,772,146$275,215,935
90$437,172,208$74,443,348$43,024,616$301,469,150
91$481,612,249$77,939,549$44,314,418$330,321,293
92$530,580,403$81,602,291$45,642,655$362,033,906
93$584,538,384$85,439,584$47,010,464$396,895,042
94$643,995,002$89,459,825$48,419,017$435,221,966
95$709,510,956$93,671,820$49,869,518$477,364,123
96$781,704,133$98,084,800$51,363,207$523,706,411
97$861,255,442$102,708,442$52,901,361$574,672,792
98$948,915,234$107,552,893$54,485,294$630,730,267
99$1,045,510,395$112,628,792$56,116,359$692,393,251
100$1,151,952,146$117,947,293$57,795,947$760,228,405