Can I retire at age 56 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,431,971
2 years$744,029$730,172$716,743$703,722$691,092$671,656
3 years$491,092$477,176$463,780$450,882$438,457$419,512
4 years$364,649$350,775$337,513$324,835$312,711$294,402
5 years$288,802$275,012$261,924$249,504$237,718$220,099
6 years$238,255$224,568$211,674$199,531$188,098$171,189
7 years$202,163$188,592$175,902$164,045$152,974$136,782
8 years$175,107$161,658$149,179$137,613$126,907$111,430
9 years$154,074$140,752$128,487$117,216$106,874$92,105
10 years$137,258$124,066$112,018$101,041$91,062$76,990
11 years$123,508$110,449$98,619$87,936$78,316$64,928
12 years$112,059$99,133$87,522$77,132$67,867$55,148
13 years$102,378$89,587$78,195$68,096$59,182$47,115
14 years$94,087$81,432$70,259$60,448$51,878$40,445
15 years$86,908$74,390$63,434$53,909$45,678$34,859
16 years$80,633$68,251$57,512$48,270$40,370$30,146
17 years$75,102$62,857$52,334$43,370$35,795$26,145
18 years$70,190$58,083$47,774$39,085$31,827$22,729
19 years$65,801$53,830$43,735$35,317$28,368$19,801
20 years$61,856$50,022$40,138$31,986$25,339$17,281
21 years$58,291$46,593$36,919$29,029$22,676$15,105
22 years$55,055$43,493$34,027$26,394$20,325$13,220
23 years$52,104$40,678$31,417$24,038$18,245$11,584
24 years$49,403$38,113$29,056$21,924$16,399$10,161
25 years$46,922$35,767$26,912$20,022$14,757$8,920
26 years$44,636$33,615$24,959$18,307$13,292$7,837
27 years$42,523$31,636$23,177$16,757$11,984$6,890
28 years$40,564$29,810$21,546$15,353$10,814$6,061
29 years$38,743$28,123$20,050$14,079$9,764$5,334
30 years$37,047$26,559$18,676$12,921$8,823$4,696
31 years$35,464$25,107$17,411$11,867$7,977$4,137
32 years$33,982$23,756$16,245$10,906$7,215$3,645
33 years$32,594$22,498$15,168$10,029$6,530$3,213
34 years$31,289$21,323$14,172$9,228$5,912$2,833
35 years$30,062$20,224$13,250$8,494$5,355$2,498
36 years$28,906$19,196$12,395$7,823$4,852$2,203
37 years$27,815$18,231$11,601$7,208$4,397$1,944
38 years$26,783$17,326$10,864$6,644$3,987$1,715
39 years$25,807$16,476$10,179$6,126$3,615$1,513
40 years$24,882$15,675$9,540$5,650$3,279$1,336
41 years$24,005$14,921$8,946$5,213$2,975$1,179
42 years$23,171$14,211$8,392$4,811$2,699$1,041
43 years$22,379$13,540$7,874$4,441$2,450$919
44 years$21,624$12,906$7,391$4,101$2,224$811
45 years$20,905$12,307$6,940$3,787$2,019$716
46 years$20,220$11,741$6,518$3,498$1,833$632
47 years$19,565$11,204$6,124$3,232$1,664$558
48 years$18,940$10,696$5,755$2,986$1,511$493
49 years$18,342$10,214$5,409$2,760$1,373$436
50 years$17,770$9,757$5,085$2,551$1,247$385

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $18,200,000, adding $3,931 every year, while hoping to spend $57,881 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: 84/7/9 Blend
55$18,200,000$18,200,000$18,200,000$18,200,000
56$20,060,455$19,095,855$18,813,755$21,721,358
57$22,045,036$19,969,967$19,382,431$23,681,574
58$24,230,105$20,884,970$19,968,217$25,826,103
59$26,636,050$21,842,808$20,571,627$28,179,883
60$29,285,337$22,845,516$21,193,186$30,763,908
61$32,202,722$23,895,227$21,833,439$33,601,303
62$35,415,485$24,994,178$22,492,944$36,717,535
63$38,953,684$26,144,712$23,172,277$40,140,655
64$42,850,442$27,349,286$23,872,031$43,901,562
65$47,142,260$28,610,473$24,592,817$48,034,286
66$51,869,357$29,930,973$25,335,262$52,576,317
67$57,076,053$31,313,612$26,100,015$57,568,949
68$62,811,187$32,761,355$26,887,742$63,057,669
69$69,128,576$34,277,310$27,699,129$69,092,589
70$76,087,524$35,864,731$28,534,883$75,728,909
71$83,753,381$37,527,033$29,395,732$83,027,442
72$92,198,161$39,267,793$30,282,424$91,055,182
73$101,501,220$41,090,761$31,195,732$99,885,933
74$111,750,004$42,999,868$32,136,448$109,601,008
75$123,040,877$44,999,234$33,105,393$120,289,986
76$135,480,030$47,093,180$34,103,406$132,051,562
77$149,184,479$49,286,231$35,131,356$144,994,469
78$164,283,174$51,583,135$36,190,135$159,238,506
79$180,918,216$53,988,867$37,280,663$174,915,662
80$199,246,194$56,508,641$38,403,885$192,171,362
81$219,439,666$59,147,925$39,560,776$211,165,831
82$241,688,790$61,912,451$40,752,339$232,075,608
83$266,203,111$64,808,226$41,979,607$255,095,204
84$293,213,548$67,841,549$43,243,644$280,438,938
85$322,974,569$71,019,023$44,545,544$308,342,950
86$355,766,590$74,347,571$45,886,435$339,067,432
87$391,898,629$77,834,448$47,267,477$372,899,076
88$431,711,216$81,487,264$48,689,866$410,153,775
89$475,579,615$85,313,994$50,154,830$451,179,602
90$523,917,356$89,323,000$51,663,637$496,360,087
91$577,180,148$93,523,049$53,217,591$546,117,837
92$635,870,176$97,923,332$54,818,034$600,918,513
93$700,540,844$102,533,484$56,466,348$661,275,227
94$771,801,994$107,363,610$58,163,955$727,753,374
95$850,325,671$112,424,300$59,912,320$800,975,965
96$936,852,459$117,726,660$61,712,952$881,629,500
97$1,032,198,476$123,282,333$63,567,403$970,470,445
98$1,137,263,080$129,103,526$65,477,270$1,068,332,362
99$1,253,037,354$135,203,040$67,444,199$1,176,133,771
100$1,380,613,469$141,594,292$69,469,884$1,294,886,815