Can I retire at age 56 with 18,100,000?

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 $18,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,494,681$1,481,367$1,468,378$1,455,699$1,443,319$1,405,577
2 years$739,941$726,160$712,805$699,855$687,295$649,527
3 years$488,394$474,554$461,232$448,404$436,048$399,437
4 years$362,645$348,847$335,659$323,050$310,993$275,820
5 years$287,216$273,501$260,485$248,133$236,412$202,774
6 years$236,946$223,334$210,510$198,434$187,065$154,995
7 years$201,052$187,555$174,935$163,144$152,134$121,634
8 years$174,145$160,770$148,359$136,857$126,210$97,265
9 years$153,228$139,979$127,782$116,572$106,287$78,872
10 years$136,504$123,384$111,403$100,486$90,562$64,643
11 years$122,830$109,842$98,077$87,453$77,886$53,425
12 years$111,443$98,588$87,041$76,708$67,494$44,446
13 years$101,815$89,095$77,765$67,722$58,856$37,174
14 years$93,570$80,985$69,873$60,116$51,593$31,227
15 years$86,431$73,981$63,086$53,613$45,427$26,325
16 years$80,190$67,876$57,196$48,004$40,148$22,258
17 years$74,689$62,512$52,046$43,132$35,598$18,865
18 years$69,805$57,763$47,512$38,870$31,652$16,022
19 years$65,440$53,535$43,495$35,123$28,212$13,631
20 years$61,516$49,747$39,917$31,810$25,200$11,614
21 years$57,971$46,337$36,716$28,870$22,551$9,907
22 years$54,752$43,254$33,840$26,249$20,214$8,460
23 years$51,818$40,455$31,245$23,906$18,145$7,231
24 years$49,132$37,903$28,896$21,803$16,309$6,185
25 years$46,665$35,571$26,764$19,912$14,676$5,293
26 years$44,391$33,431$24,822$18,207$13,219$4,533
27 years$42,289$31,462$23,049$16,665$11,918$3,884
28 years$40,341$29,647$21,427$15,269$10,754$3,328
29 years$38,530$27,968$19,940$14,002$9,711$2,854
30 years$36,844$26,413$18,573$12,850$8,774$2,447
31 years$35,269$24,969$17,315$11,802$7,933$2,099
32 years$33,796$23,626$16,156$10,846$7,176$1,801
33 years$32,414$22,374$15,085$9,974$6,494$1,546
34 years$31,117$21,205$14,094$9,177$5,880$1,327
35 years$29,897$20,113$13,177$8,448$5,325$1,139
36 years$28,747$19,090$12,327$7,780$4,825$978
37 years$27,662$18,131$11,538$7,168$4,373$839
38 years$26,636$17,231$10,805$6,607$3,965$721
39 years$25,665$16,385$10,123$6,092$3,595$619
40 years$24,746$15,589$9,488$5,619$3,261$532
41 years$23,873$14,839$8,897$5,184$2,959$457
42 years$23,044$14,133$8,345$4,785$2,685$392
43 years$22,256$13,465$7,831$4,417$2,436$337
44 years$21,505$12,835$7,351$4,078$2,212$289
45 years$20,790$12,240$6,902$3,766$2,008$248
46 years$20,109$11,676$6,483$3,479$1,823$213
47 years$19,458$11,143$6,090$3,214$1,655$183
48 years$18,836$10,637$5,723$2,970$1,503$157
49 years$18,241$10,158$5,379$2,745$1,365$135
50 years$17,672$9,703$5,058$2,537$1,240$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $18,100,000, adding $4,696 every year, while hoping to spend $50,234 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: 50/21/29 Blend
55$18,100,000$18,100,000$18,100,000$18,100,000
56$19,951,044$18,991,744$18,711,194$20,784,398
57$21,932,602$19,868,891$19,284,570$22,245,452
58$24,114,595$20,787,334$19,875,471$23,827,275
59$26,517,415$21,749,045$20,484,431$25,545,722
60$29,163,531$22,756,088$21,111,999$27,413,792
61$32,077,703$23,810,628$21,758,743$29,445,775
62$35,287,215$24,914,935$22,425,247$31,657,381
63$38,822,130$26,071,386$23,112,112$34,065,878
64$42,715,580$27,282,476$23,819,960$36,690,256
65$47,004,069$28,550,818$24,549,429$39,551,397
66$51,727,826$29,879,150$25,301,177$42,672,269
67$56,931,181$31,270,345$26,075,883$46,078,133
68$62,662,982$32,727,413$26,874,246$49,796,778
69$68,977,059$34,253,508$27,696,986$53,858,773
70$75,932,729$35,851,940$28,544,844$58,297,755
71$83,595,358$37,526,176$29,418,587$63,150,734
72$92,036,975$39,279,849$30,319,001$68,458,434
73$101,336,957$41,116,772$31,246,898$74,265,674
74$111,582,771$43,040,939$32,203,113$80,621,782
75$122,870,806$45,056,537$33,188,510$87,581,046
76$135,307,279$47,167,958$34,203,975$95,203,226
77$149,009,236$49,379,802$35,250,423$103,554,103
78$164,105,663$51,696,897$36,328,797$112,706,094
79$180,738,695$54,124,300$37,440,067$122,738,921
80$199,064,966$56,667,315$38,585,233$133,740,357
81$219,257,081$59,331,502$39,765,327$145,807,042
82$241,505,248$62,122,690$40,981,409$159,045,382
83$266,019,071$65,046,990$42,234,575$173,572,545
84$293,029,534$68,110,810$43,525,951$189,517,552
85$322,791,174$71,320,867$44,856,698$207,022,480
86$355,584,490$74,684,205$46,228,013$226,243,795
87$391,718,585$78,208,208$47,641,128$247,353,810
88$431,534,088$81,900,618$49,097,314$270,542,297
89$475,406,370$85,769,553$50,597,878$296,018,266
90$523,749,082$89,823,524$52,144,170$324,011,919
91$577,018,065$94,071,453$53,737,577$354,776,806
92$635,715,652$98,522,699$55,379,530$388,592,202
93$700,395,408$103,187,070$57,071,503$425,765,726
94$771,667,357$108,074,854$58,815,016$466,636,222
95$850,203,740$113,196,835$60,611,632$511,576,940
96$936,745,364$118,564,322$62,462,963$560,999,038
97$1,032,108,589$124,189,172$64,370,671$615,355,443
98$1,137,193,043$130,083,819$66,336,466$675,145,100
99$1,252,990,106$136,261,299$68,362,110$740,917,661
100$1,380,592,275$142,735,281$70,449,420$813,278,648