Can I retire at age 56 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,210,882
2 years$645,915$633,886$622,227$610,924$599,959$551,152
3 years$426,333$414,251$402,622$391,425$380,639$333,594
4 years$316,563$304,519$293,006$281,999$271,475$226,550
5 years$250,719$238,746$227,385$216,603$206,371$163,681
6 years$206,836$194,954$183,761$173,219$163,294$122,867
7 years$175,504$163,722$152,706$142,413$132,802$94,625
8 years$152,016$140,340$129,507$119,467$110,172$74,207
9 years$133,757$122,191$111,544$101,759$92,781$58,975
10 years$119,158$107,706$97,247$87,717$79,054$47,343
11 years$107,222$95,884$85,614$76,340$67,989$38,300
12 years$97,282$86,060$75,981$66,961$58,918$31,173
13 years$88,877$77,773$67,884$59,116$51,377$25,494
14 years$81,680$70,694$60,994$52,477$45,037$20,930
15 years$75,448$64,580$55,069$46,800$39,654$17,237
16 years$70,000$59,251$49,928$41,904$35,047$14,231
17 years$65,198$54,568$45,433$37,651$31,075$11,773
18 years$60,935$50,423$41,474$33,931$27,630$9,756
19 years$57,124$46,732$37,968$30,659$24,627$8,096
20 years$53,699$43,425$34,845$27,768$21,998$6,726
21 years$50,604$40,449$32,051$25,201$19,685$5,593
22 years$47,795$37,758$29,540$22,914$17,645$4,655
23 years$45,233$35,314$27,275$20,868$15,839$3,876
24 years$42,889$33,087$25,224$19,033$14,237$3,230
25 years$40,735$31,051$23,363$17,382$12,811$2,692
26 years$38,750$29,182$21,668$15,893$11,540$2,245
27 years$36,915$27,464$20,120$14,547$10,404$1,872
28 years$35,215$25,879$18,705$13,328$9,388$1,562
29 years$33,634$24,414$17,406$12,222$8,477$1,304
30 years$32,162$23,057$16,213$11,217$7,659$1,088
31 years$30,787$21,796$15,115$10,302$6,925$908
32 years$29,501$20,624$14,103$9,468$6,264$758
33 years$28,295$19,531$13,168$8,707$5,669$633
34 years$27,163$18,511$12,303$8,011$5,133$529
35 years$26,098$17,557$11,503$7,374$4,649$442
36 years$25,094$16,664$10,760$6,792$4,212$369
37 years$24,147$15,827$10,072$6,258$3,817$308
38 years$23,251$15,042$9,432$5,768$3,461$257
39 years$22,404$14,303$8,836$5,318$3,138$215
40 years$21,601$13,608$8,282$4,905$2,847$180
41 years$20,839$12,954$7,766$4,526$2,583$150
42 years$20,116$12,337$7,285$4,177$2,343$125
43 years$19,428$11,754$6,836$3,856$2,127$105
44 years$18,773$11,204$6,417$3,560$1,930$87
45 years$18,149$10,684$6,025$3,288$1,753$73
46 years$17,553$10,192$5,659$3,037$1,591$61
47 years$16,985$9,727$5,316$2,806$1,445$51
48 years$16,442$9,285$4,996$2,593$1,312$43
49 years$15,923$8,867$4,696$2,396$1,192$36
50 years$15,426$8,470$4,415$2,215$1,082$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $15,800,000, adding $5,433 every year, while hoping to spend $53,932 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: 73/22/5 Blend
55$15,800,000$15,800,000$15,800,000$15,800,000
56$17,417,204$16,579,804$16,334,904$18,681,350
57$19,136,376$17,334,831$16,824,740$20,269,387
58$21,029,095$18,125,047$17,329,178$22,000,594
59$23,113,008$18,952,119$17,848,650$23,894,896
60$25,407,556$19,817,795$18,383,602$25,968,359
61$27,934,164$20,723,904$18,934,490$28,238,666
62$30,716,440$21,672,367$19,501,787$30,725,275
63$33,780,398$22,665,193$20,085,977$33,449,602
64$37,154,702$23,704,491$20,687,560$36,435,220
65$40,870,939$24,792,468$21,307,051$39,708,075
66$44,963,915$25,931,440$21,944,978$43,296,729
67$49,471,986$27,123,832$22,601,886$47,232,625
68$54,437,415$28,372,186$23,278,336$51,550,379
69$59,906,775$29,679,167$23,974,904$56,288,102
70$65,931,387$31,047,568$24,692,185$61,487,754
71$72,567,805$32,480,315$25,430,789$67,195,539
72$79,878,347$33,980,476$26,191,346$73,462,329
73$87,931,686$35,551,267$26,974,504$80,344,145
74$96,803,496$37,196,058$27,780,929$87,902,676
75$106,577,169$38,918,381$28,611,306$96,205,859
76$117,344,598$40,721,938$29,466,342$105,328,508
77$129,207,045$42,610,612$30,346,763$115,353,020
78$142,276,102$44,588,470$31,253,317$126,370,141
79$156,674,735$46,659,776$32,186,774$138,479,819
80$172,538,452$48,828,999$33,147,925$151,792,137
81$190,016,580$51,100,826$34,137,586$166,428,345
82$209,273,672$53,480,167$35,156,596$182,521,997
83$230,491,062$55,972,171$36,205,818$200,220,203
84$253,868,577$58,582,234$37,286,140$219,685,008
85$279,626,423$61,316,015$38,398,477$241,094,909
86$308,007,262$64,179,443$39,543,769$264,646,538
87$339,278,503$67,178,736$40,722,986$290,556,500
88$373,734,828$70,320,412$41,937,123$319,063,409
89$411,700,970$73,611,301$43,187,206$350,430,133
90$453,534,782$77,058,568$44,474,291$384,946,255
91$499,630,612$80,669,721$45,799,462$422,930,804
92$550,423,029$84,452,631$47,163,839$464,735,247
93$606,390,920$88,415,552$48,568,569$510,746,794
94$668,062,015$92,567,136$50,014,838$561,392,042
95$736,017,868$96,916,453$51,503,862$617,140,983
96$810,899,344$101,473,012$53,036,895$678,511,427
97$893,412,671$106,246,784$54,615,225$746,073,876
98$984,336,108$111,248,221$56,240,179$820,456,889
99$1,084,527,289$116,488,281$57,913,123$902,352,997
100$1,194,931,320$121,978,455$59,635,461$992,525,226