Can I retire at age 56 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,194,434
2 years$625,475$613,826$602,537$591,591$580,973$555,292
3 years$412,841$401,142$389,881$379,038$368,593$343,643
4 years$306,545$294,882$283,734$273,075$262,884$238,856
5 years$242,784$231,191$220,189$209,748$199,840$176,803
6 years$200,291$188,785$177,945$167,737$158,127$136,104
7 years$169,950$158,541$147,873$137,906$128,599$107,597
8 years$147,205$135,899$125,408$115,686$106,686$86,696
9 years$129,524$118,325$108,014$98,539$89,845$70,854
10 years$115,387$104,297$94,169$84,941$76,552$58,542
11 years$103,829$92,850$82,905$73,924$65,837$48,784
12 years$94,203$83,337$73,576$64,842$57,053$40,932
13 years$86,065$75,312$65,735$57,245$49,752$34,534
14 years$79,095$68,457$59,064$50,816$43,612$29,268
15 years$73,060$62,537$53,326$45,319$38,399$24,898
16 years$67,785$57,376$48,348$40,578$33,937$21,247
17 years$63,135$52,841$43,995$36,459$30,091$18,179
18 years$59,006$48,828$40,162$32,857$26,756$15,588
19 years$55,316$45,253$36,766$29,689$23,848$13,391
20 years$52,000$42,051$33,742$26,889$21,302$11,522
21 years$49,003$39,169$31,036$24,404$19,062$9,927
22 years$46,282$36,563$28,605$22,189$17,087$8,563
23 years$43,802$34,197$26,411$20,208$15,338$7,394
24 years$41,531$32,040$24,426$18,431$13,786$6,389
25 years$39,446$30,068$22,623$16,832$12,405$5,525
26 years$37,524$28,259$20,982$15,390$11,174$4,781
27 years$35,747$26,595$19,484$14,087$10,075$4,140
28 years$34,100$25,060$18,113$12,907$9,091$3,586
29 years$32,570$23,642$16,855$11,836$8,209$3,107
30 years$31,144$22,327$15,700$10,862$7,417$2,694
31 years$29,813$21,106$14,637$9,976$6,706$2,336
32 years$28,568$19,971$13,656$9,168$6,066$2,026
33 years$27,400$18,913$12,751$8,431$5,489$1,757
34 years$26,304$17,925$11,914$7,757$4,970$1,525
35 years$25,272$17,002$11,139$7,141$4,502$1,323
36 years$24,300$16,137$10,420$6,577$4,079$1,149
37 years$23,383$15,326$9,753$6,060$3,697$997
38 years$22,516$14,566$9,133$5,585$3,351$866
39 years$21,695$13,850$8,557$5,150$3,039$752
40 years$20,918$13,178$8,020$4,750$2,757$653
41 years$20,180$12,544$7,520$4,382$2,501$567
42 years$19,479$11,946$7,054$4,044$2,269$492
43 years$18,813$11,382$6,620$3,734$2,059$427
44 years$18,179$10,850$6,214$3,447$1,869$371
45 years$17,574$10,346$5,834$3,184$1,697$322
46 years$16,998$9,870$5,480$2,941$1,541$280
47 years$16,448$9,419$5,148$2,717$1,399$243
48 years$15,922$8,992$4,838$2,511$1,271$211
49 years$15,419$8,587$4,547$2,320$1,154$184
50 years$14,938$8,202$4,275$2,145$1,048$159

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $15,300,000, adding $5,601 every year, while hoping to spend $27,584 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: 63/29/8 Blend
55$15,300,000$15,300,000$15,300,000$15,300,000
56$16,866,377$16,055,477$15,818,327$17,901,278
57$18,557,399$16,812,847$16,318,892$19,349,923
58$20,419,980$17,606,402$16,835,301$20,927,218
59$22,471,590$18,437,889$17,368,057$22,648,642
60$24,731,482$19,309,135$17,917,676$24,528,158
61$27,220,867$20,222,057$18,484,692$26,581,122
62$29,963,124$21,178,665$19,069,657$28,824,420
63$32,984,010$22,181,068$19,673,139$31,276,626
64$36,311,914$23,231,475$20,295,724$33,958,166
65$39,978,115$24,332,203$20,938,017$36,891,513
66$44,017,084$25,485,682$21,600,641$40,101,390
67$48,466,806$26,694,460$22,284,242$43,614,995
68$53,369,138$27,961,207$22,989,482$47,462,257
69$58,770,208$29,288,724$23,717,048$51,676,109
70$64,720,846$30,679,948$24,467,646$56,292,791
71$71,277,066$32,137,958$25,242,005$61,352,189
72$78,500,592$33,665,984$26,040,878$66,898,202
73$86,459,446$35,267,411$26,865,041$72,979,148
74$95,228,585$36,945,789$27,715,295$79,648,212
75$104,890,610$38,704,842$28,592,466$86,963,942
76$115,536,545$40,548,473$29,497,407$94,990,792
77$127,266,699$42,480,774$30,430,997$103,799,719
78$140,191,610$44,506,040$31,394,143$113,468,846
79$154,433,089$46,628,770$32,387,781$124,084,188
80$170,125,370$48,853,685$33,412,877$135,740,456
81$187,416,376$51,185,735$34,470,427$148,541,934
82$206,469,119$53,630,108$35,561,459$162,603,459
83$227,463,234$56,192,249$36,687,033$178,051,487
84$250,596,678$58,877,863$37,848,243$195,025,280
85$276,087,598$61,692,937$39,046,218$213,678,201
86$304,176,389$64,643,747$40,282,122$234,179,154
87$335,127,963$67,736,873$41,557,156$256,714,159
88$369,234,254$70,979,219$42,872,559$281,488,094
89$406,816,969$74,378,021$44,229,611$308,726,616
90$448,230,627$77,940,871$45,629,629$338,678,273
91$493,865,904$81,675,727$47,073,976$371,616,829
92$544,153,327$85,590,938$48,564,054$407,843,836
93$599,567,329$89,695,257$50,101,313$447,691,459
94$660,630,736$93,997,864$51,687,246$491,525,590
95$727,919,698$98,508,386$53,323,396$539,749,283
96$802,069,129$103,236,919$55,011,352$592,806,539
97$883,778,704$108,194,052$56,752,756$651,186,468
98$973,819,459$113,390,888$58,549,300$715,427,890
99$1,073,041,074$118,839,071$60,402,732$786,124,389
100$1,182,379,892$124,550,815$62,314,852$863,929,897