Can I retire at age 56 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,231,250
2 years$650,004$637,898$626,165$614,790$603,756$567,135
3 years$429,031$416,873$405,171$393,902$383,048$347,591
4 years$318,567$306,446$294,860$283,784$273,193$239,172
5 years$252,305$240,257$228,824$217,973$207,677$175,185
6 years$208,146$196,188$184,924$174,315$164,328$133,395
7 years$176,615$164,759$153,672$143,314$133,642$104,269
8 years$152,978$141,229$130,326$120,223$110,869$83,037
9 years$134,604$122,965$112,250$102,403$93,368$67,050
10 years$119,912$108,387$97,862$88,272$79,554$54,714
11 years$107,900$96,491$86,156$76,823$68,419$45,016
12 years$97,897$86,605$76,461$67,384$59,291$37,278
13 years$89,440$78,266$68,313$59,490$51,703$31,032
14 years$82,197$71,141$61,380$52,809$45,322$25,942
15 years$75,925$64,989$55,418$47,096$39,905$21,762
16 years$70,443$59,626$50,244$42,170$35,268$18,308
17 years$65,611$54,913$45,720$37,889$31,271$15,439
18 years$61,320$50,742$41,737$34,146$27,805$13,044
19 years$57,486$47,028$38,208$30,854$24,783$11,040
20 years$54,039$43,700$35,065$27,944$22,137$9,356
21 years$50,925$40,705$32,253$25,361$19,810$7,938
22 years$48,097$37,997$29,726$23,059$17,757$6,742
23 years$45,519$35,538$27,447$21,000$15,940$5,731
24 years$43,160$33,296$25,384$19,153$14,327$4,874
25 years$40,993$31,247$23,511$17,492$12,892$4,149
26 years$38,995$29,367$21,805$15,994$11,613$3,533
27 years$37,149$27,638$20,248$14,639$10,470$3,009
28 years$35,438$26,043$18,823$13,413$9,447$2,565
29 years$33,847$24,569$17,516$12,300$8,530$2,186
30 years$32,366$23,203$16,316$11,288$7,708$1,864
31 years$30,982$21,934$15,211$10,367$6,969$1,590
32 years$29,688$20,754$14,192$9,528$6,304$1,356
33 years$28,475$19,654$13,251$8,762$5,705$1,157
34 years$27,335$18,628$12,381$8,061$5,165$987
35 years$26,263$17,668$11,575$7,421$4,678$843
36 years$25,253$16,770$10,829$6,835$4,239$719
37 years$24,300$15,927$10,135$6,297$3,842$614
38 years$23,399$15,137$9,491$5,804$3,483$524
39 years$22,546$14,394$8,892$5,352$3,158$447
40 years$21,738$13,694$8,335$4,936$2,865$382
41 years$20,971$13,036$7,815$4,554$2,599$326
42 years$20,243$12,415$7,331$4,203$2,358$278
43 years$19,551$11,829$6,879$3,880$2,140$238
44 years$18,891$11,275$6,457$3,582$1,943$203
45 years$18,263$10,752$6,063$3,309$1,764$173
46 years$17,664$10,257$5,695$3,056$1,601$148
47 years$17,093$9,788$5,350$2,823$1,454$126
48 years$16,546$9,344$5,028$2,609$1,320$108
49 years$16,024$8,923$4,726$2,411$1,199$92
50 years$15,524$8,524$4,443$2,229$1,089$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $15,900,000, adding $3,165 every year, while hoping to spend $48,881 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: 62/21/17 Blend
55$15,900,000$15,900,000$15,900,000$15,900,000
56$17,525,065$16,682,365$16,435,915$18,536,233
57$19,260,612$17,447,792$16,934,509$19,982,624
58$21,171,547$18,249,086$17,448,168$21,555,145
59$23,275,708$19,087,954$17,977,344$23,270,694
60$25,592,750$19,966,184$18,522,505$25,143,175
61$28,144,332$20,885,648$19,084,130$27,187,884
62$30,954,321$21,848,312$19,662,716$29,421,647
63$34,049,016$22,856,233$20,258,771$31,862,977
64$37,457,396$23,911,569$20,872,820$34,532,240
65$41,211,395$25,016,581$21,505,404$37,451,849
66$45,346,203$26,173,639$22,157,081$40,646,466
67$49,900,596$27,385,227$22,828,423$44,143,233
68$54,917,302$28,653,949$23,520,021$47,972,021
69$60,443,408$29,982,534$24,232,483$52,165,711
70$66,530,800$31,373,842$24,966,435$56,760,492
71$73,236,654$32,830,873$25,722,523$61,796,204
72$80,623,976$34,356,769$26,501,411$67,316,705
73$88,762,197$35,954,825$27,303,783$73,370,278
74$97,727,825$37,628,496$28,130,344$80,010,082
75$107,605,171$39,381,400$28,981,819$87,294,647
76$118,487,143$41,217,334$29,858,955$95,288,419
77$130,476,124$43,140,275$30,762,521$104,062,361
78$143,684,934$45,154,394$31,693,311$113,694,615
79$158,237,900$47,264,063$32,652,141$124,271,233
80$174,272,028$49,473,864$33,639,849$135,886,980
81$191,938,294$51,788,602$34,657,303$148,646,219
82$211,403,070$54,213,313$35,705,393$162,663,890
83$232,849,696$56,753,278$36,785,036$178,066,581
84$256,480,208$59,414,032$37,897,178$194,993,719
85$282,517,248$62,201,378$39,042,792$213,598,868
86$311,206,161$65,121,400$40,222,880$234,051,178
87$342,817,317$68,180,476$41,438,473$256,536,961
88$377,648,656$71,385,292$42,690,635$281,261,442
89$416,028,507$74,742,860$43,980,460$308,450,685
90$458,318,683$78,260,528$45,309,074$338,353,713
91$504,917,898$81,946,004$46,677,637$371,244,845
92$556,265,531$85,807,365$48,087,344$407,426,272
93$612,845,771$89,853,081$49,539,426$447,230,894
94$675,192,192$94,092,035$51,035,150$491,025,449
95$743,892,787$98,533,536$52,575,818$539,213,958
96$819,595,518$103,187,346$54,162,776$592,241,523
97$903,014,437$108,063,702$55,797,405$650,598,509
98$994,936,421$113,173,335$57,481,129$714,825,157
99$1,096,228,605$118,527,497$59,215,416$785,516,665
100$1,207,846,564$124,137,986$61,001,774$863,328,786