Can I retire at age 56 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,224,366
2 years$637,739$625,862$614,351$603,190$592,365$572,669
3 years$420,936$409,008$397,526$386,470$375,821$356,641
4 years$312,556$300,664$289,297$278,430$268,038$249,524
5 years$247,545$235,724$224,506$213,861$203,758$185,962
6 years$204,218$192,487$181,434$171,026$161,227$144,170
7 years$173,283$161,650$150,773$140,610$131,121$114,808
8 years$150,092$138,564$127,867$117,954$108,777$93,206
9 years$132,064$120,645$110,132$100,471$91,606$76,768
10 years$117,650$106,342$96,016$86,607$78,053$63,936
11 years$105,864$94,670$84,531$75,374$67,128$53,718
12 years$96,050$84,971$75,019$66,113$58,172$45,451
13 years$87,752$76,789$67,024$58,368$50,727$38,678
14 years$80,646$69,799$60,222$51,813$44,467$33,070
15 years$74,493$63,763$54,372$46,208$39,152$28,386
16 years$69,114$58,501$49,296$41,374$34,603$24,445
17 years$64,373$53,877$44,858$37,174$30,681$21,111
18 years$60,163$49,785$40,949$33,501$27,280$18,274
19 years$56,401$46,140$37,487$30,271$24,316$15,850
20 years$53,019$42,876$34,404$27,417$21,719$13,771
21 years$49,964$39,937$31,645$24,882$19,436$11,983
22 years$47,190$37,280$29,166$22,624$17,422$10,440
23 years$44,661$34,867$26,929$20,604$15,639$9,106
24 years$42,346$32,668$24,905$18,792$14,057$7,950
25 years$40,219$30,657$23,067$17,162$12,649$6,946
26 years$38,260$28,813$21,394$15,692$11,394$6,073
27 years$36,448$27,116$19,866$14,363$10,272$5,314
28 years$34,769$25,552$18,468$13,160$9,269$4,652
29 years$33,209$24,105$17,186$12,068$8,369$4,074
30 years$31,755$22,765$16,008$11,075$7,562$3,569
31 years$30,398$21,520$14,924$10,172$6,837$3,129
32 years$29,128$20,362$13,924$9,348$6,185$2,743
33 years$27,937$19,284$13,001$8,596$5,597$2,406
34 years$26,819$18,277$12,147$7,909$5,068$2,110
35 years$25,768$17,335$11,357$7,281$4,590$1,852
36 years$24,776$16,453$10,624$6,706$4,159$1,625
37 years$23,841$15,627$9,944$6,178$3,769$1,426
38 years$22,957$14,851$9,312$5,695$3,417$1,252
39 years$22,120$14,122$8,725$5,251$3,099$1,099
40 years$21,328$13,436$8,177$4,843$2,811$965
41 years$20,576$12,790$7,668$4,468$2,550$847
42 years$19,861$12,181$7,193$4,124$2,314$744
43 years$19,182$11,606$6,749$3,807$2,100$654
44 years$18,535$11,063$6,335$3,515$1,906$574
45 years$17,919$10,549$5,949$3,246$1,730$504
46 years$17,331$10,063$5,587$2,998$1,571$443
47 years$16,770$9,604$5,249$2,770$1,427$389
48 years$16,234$9,168$4,933$2,560$1,296$342
49 years$15,722$8,755$4,636$2,366$1,177$300
50 years$15,231$8,363$4,359$2,187$1,069$264

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $15,600,000, adding $6,308 every year, while hoping to spend $53,673 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: 54/26/20 Blend
55$15,600,000$15,600,000$15,600,000$15,600,000
56$17,197,707$16,370,907$16,129,107$18,032,414
57$18,894,765$17,115,973$16,612,324$19,350,130
58$20,763,125$17,895,750$17,109,930$20,777,619
59$22,820,201$18,711,879$17,622,351$22,330,391
60$25,085,186$19,566,085$18,150,024$24,020,427
61$27,579,224$20,460,173$18,693,399$25,860,896
62$30,325,618$21,396,035$19,252,941$27,866,276
63$33,350,044$22,375,653$19,829,127$30,052,486
64$36,680,794$23,401,105$20,422,448$32,437,032
65$40,349,045$24,474,570$21,033,411$35,039,164
66$44,389,153$25,598,329$21,662,535$37,880,057
67$48,838,974$26,774,774$22,310,357$40,983,002
68$53,740,223$28,006,412$22,977,428$44,373,621
69$59,138,870$29,295,870$23,664,316$48,080,103
70$65,085,568$30,645,902$24,371,604$52,133,463
71$71,636,138$32,059,393$25,099,895$56,567,829
72$78,852,088$33,539,368$25,849,806$61,420,759
73$86,801,202$35,088,997$26,621,975$66,733,584
74$95,558,170$36,711,603$27,417,056$72,551,794
75$105,205,301$38,410,669$28,235,725$78,925,458
76$115,833,295$40,189,846$29,078,676$85,909,690
77$127,542,103$42,052,960$29,946,623$93,565,159
78$140,441,863$44,004,021$30,840,301$101,958,653
79$154,653,949$46,047,234$31,760,467$111,163,703
80$170,312,109$48,187,005$32,707,899$121,261,261
81$187,563,730$50,427,954$33,683,400$132,340,462
82$206,571,229$52,774,923$34,687,793$144,499,447
83$227,513,587$55,232,987$35,721,927$157,846,284
84$250,588,037$57,807,467$36,786,675$172,499,975
85$276,011,925$60,503,941$37,882,937$188,591,566
86$304,024,762$63,328,255$39,011,636$206,265,370
87$334,890,487$66,286,539$40,173,725$225,680,321
88$368,899,955$69,385,217$41,370,183$247,011,456
89$406,373,683$72,631,026$42,602,017$270,451,555
90$447,664,879$76,031,026$43,870,264$296,212,944
91$493,162,770$79,592,620$45,175,992$324,529,486
92$543,296,283$83,323,568$46,520,298$355,658,768
93$598,538,088$87,232,007$47,904,312$389,884,521
94$659,409,062$91,326,465$49,329,196$427,519,277
95$726,483,209$95,615,885$50,796,146$468,907,297
96$800,393,073$100,109,640$52,306,394$514,427,810
97$881,835,714$104,817,559$53,861,205$564,498,563
98$971,579,284$109,749,947$55,461,883$619,579,750
99$1,070,470,283$114,917,606$57,109,768$680,178,328
100$1,179,441,545$120,331,862$58,806,239$746,852,785