Can I retire at age 56 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,438,256
2 years$764,470$750,232$736,434$723,055$710,078$657,338
3 years$504,584$490,285$476,521$463,268$450,503$399,588
4 years$374,667$360,411$346,785$333,759$321,302$272,603
5 years$296,736$282,567$269,120$256,359$244,249$197,891
6 years$244,800$230,737$217,489$205,012$193,266$149,285
7 years$207,717$193,773$180,734$168,552$157,177$115,564
8 years$179,918$166,099$153,277$141,394$130,393$91,114
9 years$158,307$144,619$132,017$120,436$109,810$72,812
10 years$141,029$127,475$115,096$103,817$93,564$58,785
11 years$126,902$113,483$101,328$90,352$80,468$47,836
12 years$115,137$101,856$89,926$79,251$69,732$39,170
13 years$105,190$92,048$80,343$69,967$60,807$32,232
14 years$96,672$83,669$72,189$62,109$53,303$26,629
15 years$89,296$76,434$65,177$55,390$46,933$22,071
16 years$82,848$70,126$59,092$49,596$41,479$18,341
17 years$77,165$64,584$53,772$44,561$36,778$15,275
18 years$72,119$59,678$49,087$40,159$32,702$12,744
19 years$67,609$55,309$44,936$36,287$29,148$10,648
20 years$63,555$51,396$41,240$32,865$26,035$8,907
21 years$59,893$47,873$37,933$29,827$23,299$7,459
22 years$56,567$44,688$34,961$27,119$20,884$6,251
23 years$53,535$41,796$32,281$24,698$18,747$5,243
24 years$50,760$39,160$29,854$22,526$16,850$4,400
25 years$48,211$36,750$27,651$20,572$15,162$3,694
26 years$45,862$34,539$25,645$18,810$13,658$3,103
27 years$43,691$32,505$23,813$17,217$12,314$2,607
28 years$41,678$30,629$22,138$15,775$11,111$2,191
29 years$39,808$28,895$20,601$14,466$10,033$1,842
30 years$38,065$27,288$19,189$13,276$9,065$1,549
31 years$36,438$25,797$17,889$12,193$8,196$1,302
32 years$34,916$24,409$16,691$11,206$7,414$1,096
33 years$33,489$23,116$15,585$10,305$6,709$922
34 years$32,149$21,908$14,561$9,481$6,075$775
35 years$30,888$20,780$13,614$8,728$5,502$652
36 years$29,700$19,723$12,735$8,038$4,985$549
37 years$28,579$18,732$11,920$7,406$4,518$462
38 years$27,519$17,802$11,163$6,826$4,096$389
39 years$26,516$16,928$10,458$6,294$3,714$327
40 years$25,566$16,106$9,802$5,806$3,369$275
41 years$24,664$15,331$9,192$5,356$3,057$232
42 years$23,808$14,601$8,622$4,943$2,774$195
43 years$22,993$13,912$8,091$4,563$2,517$164
44 years$22,218$13,261$7,594$4,213$2,285$138
45 years$21,480$12,645$7,131$3,891$2,074$116
46 years$20,775$12,063$6,698$3,594$1,883$98
47 years$20,103$11,512$6,292$3,321$1,710$82
48 years$19,460$10,990$5,913$3,068$1,553$69
49 years$18,846$10,495$5,558$2,836$1,410$58
50 years$18,258$10,025$5,225$2,621$1,281$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $18,700,000, adding $3,875 every year, while hoping to spend $57,087 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: 37/38/25 Blend
55$18,700,000$18,700,000$18,700,000$18,700,000
56$20,611,397$19,620,297$19,330,447$21,219,379
57$22,653,019$20,520,951$19,917,277$22,566,662
58$24,900,974$21,463,825$20,521,852$24,015,422
59$27,376,246$22,450,925$21,144,707$25,579,226
60$30,101,961$23,484,358$21,786,392$27,268,483
61$33,103,598$24,566,328$22,447,474$29,094,608
62$36,409,236$25,699,150$23,128,535$31,070,124
63$40,049,815$26,885,245$23,830,178$33,208,767
64$44,059,429$28,127,155$24,553,022$35,525,610
65$48,475,646$29,427,541$25,297,703$38,037,200
66$53,339,865$30,789,193$26,064,879$40,761,696
67$58,697,705$32,215,037$26,855,227$43,719,041
68$64,599,436$33,708,139$27,669,441$46,931,135
69$71,100,452$35,271,711$28,508,241$50,422,029
70$78,261,795$36,909,123$29,372,365$54,218,148
71$86,150,732$38,623,904$30,262,573$58,348,522
72$94,841,388$40,419,755$31,179,650$62,845,053
73$104,415,443$42,300,557$32,124,402$67,742,802
74$114,962,909$44,270,376$33,097,661$73,080,304
75$126,582,976$46,333,474$34,100,282$78,899,924
76$139,384,945$48,494,320$35,133,147$85,248,238
77$153,489,266$50,757,598$36,197,164$92,176,461
78$169,028,670$53,128,220$37,293,268$99,740,911
79$186,149,424$55,611,332$38,422,422$108,003,528
80$205,012,709$58,212,331$39,585,617$117,032,439
81$225,796,145$60,936,874$40,783,874$126,902,587
82$248,695,463$63,790,893$42,018,246$137,696,416
83$273,926,357$66,780,603$43,289,814$149,504,629
84$301,726,518$69,912,525$44,599,695$162,427,031
85$332,357,874$73,193,490$45,949,036$176,573,441
86$366,109,069$76,630,663$47,339,020$192,064,711
87$403,298,182$80,231,554$48,770,866$209,033,845
88$444,275,734$84,004,037$50,245,828$227,627,227
89$489,427,992$87,956,368$51,765,196$248,005,978
90$539,180,619$92,097,202$53,330,301$270,347,451
91$594,002,689$96,435,612$54,942,513$294,846,879
92$654,411,118$100,981,111$56,603,242$321,719,185
93$720,975,542$105,743,676$58,313,941$351,200,985
94$794,323,693$110,733,762$60,076,104$383,552,785
95$875,147,328$115,962,335$61,891,272$419,061,412
96$964,208,757$121,440,890$63,761,030$458,042,682
97$1,062,348,038$127,181,481$65,687,013$500,844,348
98$1,170,490,910$133,196,746$67,670,900$547,849,343
99$1,289,657,531$139,499,935$69,714,423$599,479,355
100$1,420,972,109$146,104,941$71,819,366$656,198,769