Can I retire at age 56 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,376,166
2 years$727,677$714,125$700,990$688,256$675,903$632,720
3 years$480,299$466,688$453,587$440,972$428,821$387,039
4 years$356,634$343,065$330,095$317,696$305,839$265,779
5 years$282,455$268,967$256,167$244,021$232,494$194,264
6 years$233,018$219,632$207,021$195,145$183,964$147,599
7 years$197,720$184,447$172,036$160,440$149,612$115,109
8 years$171,259$158,105$145,900$134,589$124,118$91,455
9 years$150,688$137,659$125,664$114,640$104,525$73,667
10 years$134,242$121,339$109,556$98,821$89,061$59,964
11 years$120,794$108,021$96,452$86,004$76,595$49,208
12 years$109,596$96,954$85,598$75,437$66,376$40,642
13 years$100,128$87,618$76,477$66,599$57,881$33,741
14 years$92,019$79,643$68,715$59,119$50,738$28,129
15 years$84,998$72,755$62,040$52,724$44,674$23,530
16 years$78,861$66,751$56,248$47,209$39,483$19,739
17 years$73,451$61,475$51,184$42,417$35,008$16,596
18 years$68,648$56,806$46,724$38,226$31,128$13,981
19 years$64,355$52,647$42,774$34,540$27,745$11,797
20 years$60,497$48,922$39,256$31,283$24,782$9,967
21 years$57,010$45,569$36,108$28,391$22,177$8,431
22 years$53,845$42,537$33,279$25,814$19,879$7,138
23 years$50,959$39,784$30,727$23,510$17,844$6,048
24 years$48,317$37,275$28,417$21,442$16,039$5,128
25 years$45,891$34,981$26,320$19,582$14,433$4,350
26 years$43,655$32,876$24,411$17,905$13,000$3,693
27 years$41,588$30,941$22,667$16,389$11,721$3,135
28 years$39,672$29,155$21,072$15,016$10,576$2,663
29 years$37,892$27,505$19,610$13,770$9,550$2,263
30 years$36,233$25,975$18,266$12,637$8,629$1,923
31 years$34,684$24,555$17,028$11,606$7,801$1,635
32 years$33,235$23,234$15,888$10,666$7,057$1,390
33 years$31,877$22,003$14,835$9,809$6,386$1,182
34 years$30,602$20,854$13,861$9,025$5,782$1,005
35 years$29,401$19,780$12,959$8,308$5,237$855
36 years$28,271$18,774$12,122$7,651$4,745$727
37 years$27,203$17,831$11,346$7,050$4,301$619
38 years$26,195$16,946$10,625$6,498$3,899$526
39 years$25,240$16,114$9,955$5,991$3,536$448
40 years$24,335$15,331$9,331$5,526$3,207$381
41 years$23,477$14,593$8,749$5,099$2,909$324
42 years$22,662$13,898$8,207$4,705$2,640$276
43 years$21,887$13,242$7,701$4,344$2,396$235
44 years$21,149$12,623$7,229$4,011$2,175$200
45 years$20,446$12,037$6,788$3,704$1,974$170
46 years$19,775$11,483$6,375$3,421$1,793$145
47 years$19,135$10,958$5,989$3,161$1,628$123
48 years$18,524$10,461$5,628$2,921$1,478$105
49 years$17,939$9,990$5,290$2,699$1,343$89
50 years$17,379$9,542$4,974$2,495$1,220$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $17,800,000, adding $6,731 every year, while hoping to spend $52,818 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: 44/38/18 Blend
55$17,800,000$17,800,000$17,800,000$17,800,000
56$19,622,543$18,679,143$18,403,243$20,383,531
57$21,567,844$19,538,223$18,963,554$21,777,840
58$23,709,796$20,437,628$19,540,865$23,282,471
59$26,068,401$21,379,277$20,135,689$24,912,254
60$28,665,701$22,365,184$20,748,557$26,678,777
61$31,525,982$23,397,458$21,380,013$28,594,760
62$34,676,007$24,478,309$22,030,619$30,674,165
63$38,145,268$25,610,054$22,700,953$32,932,322
64$41,966,262$26,795,123$23,391,611$35,386,069
65$46,174,797$28,036,060$24,103,207$38,053,897
66$50,810,334$29,335,535$24,836,372$40,956,121
67$55,916,355$30,696,344$25,591,758$44,115,062
68$61,540,777$32,121,418$26,370,035$47,555,245
69$67,736,400$33,613,831$27,171,895$51,303,628
70$74,561,408$35,176,804$27,998,049$55,389,838
71$82,079,918$36,813,714$28,849,229$59,846,447
72$90,362,583$38,528,099$29,726,192$64,709,265
73$99,487,260$40,323,670$30,629,714$70,017,668
74$109,539,748$42,204,317$31,560,596$75,814,955
75$120,614,589$44,174,116$32,519,663$82,148,750
76$132,815,971$46,237,341$33,507,766$89,071,431
77$146,258,703$48,398,474$34,525,779$96,640,616
78$161,069,302$50,662,210$35,574,603$104,919,691
79$177,387,187$53,033,474$36,655,168$113,978,394
80$195,365,993$55,517,427$37,768,430$123,893,455
81$215,175,025$58,119,482$38,915,373$134,749,306
82$237,000,852$60,845,311$40,097,012$146,638,863
83$261,049,069$63,700,862$41,314,393$159,664,378
84$287,546,240$66,692,370$42,568,591$173,938,395
85$316,742,032$69,826,371$43,860,714$189,584,785
86$348,911,577$73,109,721$45,191,905$206,739,897
87$384,358,063$76,549,603$46,563,340$225,553,826
88$423,415,603$80,153,551$47,976,229$246,191,803
89$466,452,382$83,929,462$49,431,820$268,835,736
90$513,874,136$87,885,617$50,931,397$293,685,897
91$566,127,983$92,030,697$52,476,284$320,962,792
92$623,706,641$96,373,805$54,067,843$350,909,213
93$687,153,081$100,924,484$55,707,478$383,792,500
94$757,065,650$105,692,739$57,396,635$419,907,038
95$834,103,726$110,689,062$59,136,801$459,577,005
96$918,993,932$115,924,453$60,929,510$503,159,397
97$1,012,537,005$121,410,443$62,776,341$551,047,367
98$1,115,615,352$127,159,127$64,678,920$603,673,898
99$1,229,201,376$133,183,182$66,638,922$661,515,857
100$1,354,366,662$139,495,904$68,658,072$725,098,453