Can I retire at age 56 with 18,500,000?

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 $18,500,000?

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$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,426,281
2 years$756,293$742,208$728,557$715,322$702,484$653,658
3 years$499,187$485,041$471,425$458,314$445,685$398,500
4 years$370,659$356,557$343,077$330,189$317,866$272,684
5 years$293,563$279,545$266,242$253,617$241,637$198,578
6 years$242,182$228,269$215,163$202,820$191,199$150,298
7 years$205,496$191,700$178,801$166,749$155,496$116,747
8 years$177,994$164,322$151,638$139,882$128,999$92,374
9 years$156,614$143,072$130,605$119,148$108,636$74,091
10 years$139,521$126,111$113,865$102,707$92,563$60,044
11 years$125,544$112,269$100,245$89,386$79,607$49,052
12 years$113,906$100,767$88,965$78,403$68,986$40,325
13 years$104,065$91,064$79,484$69,218$60,157$33,319
14 years$95,638$82,775$71,417$61,444$52,733$27,643
15 years$88,341$75,616$64,480$54,798$46,431$23,009
16 years$81,962$69,376$58,460$49,065$41,036$19,204
17 years$76,340$63,893$53,197$44,085$36,385$16,064
18 years$71,347$59,040$48,562$39,729$32,352$13,462
19 years$66,886$54,718$44,456$35,899$28,836$11,299
20 years$62,876$50,846$40,799$32,513$25,757$9,496
21 years$59,252$47,361$37,528$29,508$23,049$7,989
22 years$55,962$44,210$34,587$26,829$20,660$6,727
23 years$52,963$41,349$31,935$24,434$18,546$5,668
24 years$50,218$38,741$29,535$22,285$16,670$4,779
25 years$47,696$36,357$27,355$20,352$15,000$4,032
26 years$45,372$34,169$25,371$18,609$13,512$3,403
27 years$43,224$32,157$23,559$17,033$12,182$2,873
28 years$41,232$30,302$21,901$15,606$10,992$2,427
29 years$39,382$28,586$20,381$14,311$9,925$2,050
30 years$37,658$26,997$18,984$13,134$8,968$1,732
31 years$36,048$25,521$17,698$12,063$8,108$1,464
32 years$34,543$24,148$16,513$11,086$7,334$1,238
33 years$33,131$22,868$15,418$10,194$6,638$1,046
34 years$31,805$21,674$14,406$9,380$6,010$885
35 years$30,558$20,557$13,468$8,635$5,443$748
36 years$29,382$19,512$12,599$7,952$4,932$633
37 years$28,273$18,532$11,793$7,327$4,470$535
38 years$27,225$17,612$11,043$6,753$4,052$452
39 years$26,233$16,747$10,346$6,227$3,675$383
40 years$25,292$15,934$9,698$5,743$3,333$324
41 years$24,400$15,167$9,093$5,299$3,024$274
42 years$23,553$14,445$8,530$4,890$2,744$232
43 years$22,748$13,763$8,004$4,514$2,490$196
44 years$21,981$13,119$7,513$4,168$2,260$166
45 years$21,250$12,510$7,055$3,850$2,052$140
46 years$20,553$11,934$6,626$3,556$1,863$119
47 years$19,888$11,389$6,225$3,285$1,692$100
48 years$19,252$10,872$5,850$3,036$1,536$85
49 years$18,644$10,382$5,498$2,805$1,395$72
50 years$18,062$9,918$5,169$2,593$1,267$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $18,500,000, adding $6,205 every year, while hoping to spend $51,827 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: 34/45/21 Blend
55$18,500,000$18,500,000$18,500,000$18,500,000
56$20,393,400$19,412,900$19,126,150$20,955,495
57$22,418,384$20,308,989$19,711,733$22,268,231
58$24,648,178$21,247,249$20,315,195$23,677,679
59$27,103,620$22,229,692$20,937,082$25,196,531
60$29,807,669$23,258,426$21,577,954$26,834,508
61$32,785,624$24,335,662$22,238,389$28,602,257
62$36,065,365$25,463,717$22,918,981$30,511,445
63$39,677,610$26,645,017$23,620,346$32,574,864
64$43,656,213$27,882,109$24,343,113$34,806,536
65$48,038,474$29,177,660$25,087,935$37,221,836
66$52,865,500$30,534,467$25,855,483$39,837,634
67$58,182,587$31,955,461$26,646,447$42,672,433
68$64,039,647$33,443,716$27,461,540$45,746,542
69$70,491,685$35,002,451$28,301,495$49,082,248
70$77,599,310$36,635,044$29,167,068$52,704,019
71$85,429,313$38,345,035$30,059,038$56,638,720
72$94,055,295$40,136,134$30,978,208$60,915,855
73$103,558,362$42,012,231$31,925,405$65,567,826
74$114,027,888$43,977,404$32,901,479$70,630,232
75$125,562,363$46,035,927$33,907,309$76,142,183
76$138,270,318$48,192,282$34,943,798$82,146,655
77$152,271,354$50,451,167$36,011,879$88,690,881
78$167,697,266$52,817,507$37,112,510$95,826,774
79$184,693,288$55,296,467$38,246,681$103,611,404
80$203,419,469$57,893,459$39,415,410$112,107,513
81$224,052,175$60,614,159$40,619,747$121,384,091
82$246,785,761$63,464,517$41,860,772$131,517,002
83$271,834,401$66,450,770$43,139,600$142,589,678
84$299,434,111$69,579,460$44,457,378$154,693,887
85$329,844,979$72,857,442$45,815,289$167,930,573
86$363,353,616$76,291,905$47,214,550$182,410,780
87$400,275,864$79,890,388$48,656,417$198,256,680
88$440,959,777$83,660,792$50,142,182$215,602,691
89$485,788,906$87,611,403$51,673,177$234,596,724
90$535,185,921$91,750,907$53,250,774$255,401,543
91$589,616,596$96,088,413$54,876,387$278,196,272
92$649,594,215$100,633,471$56,551,471$303,178,050
93$715,684,407$105,396,094$58,277,528$330,563,862
94$788,510,494$110,386,780$60,056,103$360,592,545
95$868,759,370$115,616,538$61,888,788$393,527,007
96$957,187,986$121,096,909$63,777,223$429,656,666
97$1,054,630,499$126,839,995$65,723,098$469,300,145
98$1,162,006,142$132,858,487$67,728,154$512,808,231
99$1,280,327,906$139,165,690$69,794,184$560,567,140
100$1,410,712,100$145,775,556$71,923,036$613,002,120