Can I retire at age 56 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,410,862
2 years$748,117$734,184$720,681$707,589$694,889$646,591
3 years$493,791$479,798$466,328$453,359$440,866$394,192
4 years$366,652$352,702$339,368$326,620$314,430$269,736
5 years$290,389$276,523$263,363$250,875$239,024$196,431
6 years$239,564$225,802$212,837$200,627$189,132$148,673
7 years$203,274$189,628$176,868$164,946$153,815$115,485
8 years$176,069$162,546$149,998$138,369$127,604$91,375
9 years$154,921$141,526$129,193$117,860$107,461$73,290
10 years$138,012$124,748$112,634$101,597$91,562$59,395
11 years$124,187$111,056$99,161$88,419$78,747$48,521
12 years$112,674$99,678$88,003$77,556$68,240$39,890
13 years$102,940$90,079$78,625$68,470$59,507$32,959
14 years$94,604$81,880$70,645$60,780$52,163$27,344
15 years$87,386$74,799$63,783$54,205$45,929$22,760
16 years$81,076$68,626$57,828$48,535$40,592$18,996
17 years$75,514$63,202$52,621$43,608$35,992$15,890
18 years$70,576$58,402$48,037$39,300$32,002$13,317
19 years$66,163$54,126$43,975$35,511$28,524$11,177
20 years$62,196$50,297$40,358$32,162$25,478$9,393
21 years$58,611$46,849$37,122$29,189$22,800$7,902
22 years$55,357$43,732$34,214$26,539$20,437$6,654
23 years$52,390$40,902$31,590$24,170$18,346$5,607
24 years$49,675$38,322$29,216$22,044$16,489$4,728
25 years$47,180$35,964$27,059$20,132$14,838$3,989
26 years$44,881$33,800$25,096$18,408$13,365$3,366
27 years$42,756$31,810$23,304$16,849$12,050$2,842
28 years$40,787$29,974$21,664$15,437$10,873$2,401
29 years$38,956$28,277$20,160$14,156$9,818$2,028
30 years$37,251$26,705$18,779$12,992$8,871$1,714
31 years$35,659$25,245$17,507$11,932$8,020$1,448
32 years$34,169$23,887$16,334$10,966$7,255$1,224
33 years$32,773$22,621$15,251$10,084$6,566$1,035
34 years$31,461$21,440$14,250$9,278$5,945$875
35 years$30,227$20,335$13,323$8,541$5,384$740
36 years$29,065$19,301$12,463$7,866$4,878$626
37 years$27,967$18,332$11,665$7,248$4,421$529
38 years$26,930$17,422$10,924$6,680$4,008$448
39 years$25,949$16,566$10,235$6,160$3,635$379
40 years$25,019$15,761$9,593$5,681$3,297$320
41 years$24,137$15,003$8,995$5,242$2,991$271
42 years$23,299$14,289$8,438$4,838$2,714$229
43 years$22,502$13,614$7,918$4,466$2,463$194
44 years$21,743$12,977$7,432$4,123$2,236$164
45 years$21,020$12,375$6,978$3,808$2,030$139
46 years$20,331$11,805$6,554$3,517$1,843$117
47 years$19,673$11,266$6,158$3,250$1,674$99
48 years$19,044$10,755$5,786$3,003$1,520$84
49 years$18,443$10,270$5,439$2,775$1,380$71
50 years$17,867$9,810$5,113$2,565$1,254$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $18,300,000, adding $5,036 every year, while hoping to spend $36,457 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: 49/35/16 Blend
55$18,300,000$18,300,000$18,300,000$18,300,000
56$20,171,795$19,201,895$18,918,245$21,070,286
57$22,190,528$20,103,998$19,513,216$22,593,141
58$24,413,950$21,049,082$20,126,897$24,242,299
59$26,862,900$22,039,214$20,759,876$26,032,971
60$29,560,344$23,076,564$21,412,759$27,978,455
61$32,531,586$24,163,402$22,086,173$30,093,351
62$35,804,511$25,302,112$22,780,763$32,393,701
63$39,409,847$26,495,192$23,497,196$34,897,122
64$43,381,457$27,745,261$24,236,156$37,622,976
65$47,756,652$29,055,066$24,998,354$40,592,536
66$52,576,551$30,427,484$25,784,520$43,829,182
67$57,886,465$31,865,536$26,595,407$47,358,616
68$63,736,323$33,372,387$27,431,792$51,209,088
69$70,181,149$34,951,354$28,294,477$55,411,661
70$77,281,573$36,605,918$29,184,290$60,000,489
71$85,104,413$38,339,728$30,102,083$65,013,133
72$93,723,296$40,156,607$31,048,735$70,490,900
73$103,219,359$42,060,568$32,025,155$76,479,225
74$113,682,014$44,055,816$33,032,278$83,028,088
75$125,209,789$46,146,761$34,071,069$90,192,472
76$137,911,263$48,338,027$35,142,525$98,032,867
77$151,906,083$50,634,462$36,247,671$106,615,833
78$167,326,104$53,041,151$37,387,568$116,014,610
79$184,316,623$55,563,423$38,563,308$126,309,793
80$203,037,757$58,206,870$39,776,018$137,590,081
81$223,665,954$60,977,352$41,026,860$149,953,097
82$246,395,654$63,881,015$42,317,033$163,506,290
83$271,441,131$66,924,305$43,647,774$178,367,934
84$299,038,510$70,113,980$45,020,357$194,668,225
85$329,447,998$73,457,125$46,436,100$212,550,488
86$362,956,343$76,961,173$47,896,358$232,172,514
87$399,879,535$80,633,915$49,402,531$253,708,025
88$440,565,794$84,483,524$50,956,062$277,348,292
89$485,398,856$88,518,568$52,558,441$303,303,916
90$534,801,594$92,748,032$54,211,204$331,806,794
91$589,240,011$97,181,340$55,915,934$363,112,280
92$649,227,639$101,828,373$57,674,264$397,501,570
93$715,330,387$106,699,492$59,487,881$435,284,325
94$788,171,884$111,805,564$61,358,522$476,801,571
95$868,439,364$117,157,985$63,287,981$522,428,880
96$956,890,156$122,768,703$65,278,105$572,579,889
97$1,054,358,834$128,650,251$67,330,803$627,710,167
98$1,161,765,092$134,815,770$69,448,042$688,321,481
99$1,280,122,430$141,279,042$71,631,850$754,966,497
100$1,410,547,722$148,054,519$73,884,321$828,253,957