Can I retire at age 56 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,468,296
2 years$772,646$758,256$744,310$730,788$717,673$678,824
3 years$509,981$495,529$481,618$468,223$455,321$417,655
4 years$378,674$364,266$350,494$337,328$324,739$288,546
5 years$299,910$285,589$271,998$259,101$246,861$212,241
6 years$247,418$233,205$219,815$207,205$195,333$162,320
7 years$209,939$195,845$182,667$170,354$158,858$127,455
8 years$181,842$167,875$154,916$142,906$131,788$101,980
9 years$160,000$146,166$133,429$121,724$110,985$82,745
10 years$142,537$128,838$116,327$104,928$94,564$67,860
11 years$128,259$114,697$102,412$91,318$81,329$56,119
12 years$116,368$102,946$90,888$80,099$70,478$46,718
13 years$106,315$93,033$81,203$70,715$61,458$39,101
14 years$97,706$84,564$72,961$62,773$53,874$32,868
15 years$90,251$77,251$65,874$55,982$47,435$27,728
16 years$83,734$70,876$59,724$50,126$41,923$23,461
17 years$77,990$65,274$54,347$45,038$37,172$19,899
18 years$72,890$60,317$49,612$40,588$33,051$16,913
19 years$68,332$55,901$45,417$36,675$29,459$14,400
20 years$64,235$51,946$41,681$33,216$26,314$12,278
21 years$60,533$48,385$38,339$30,146$23,548$10,482
22 years$57,172$45,166$35,335$27,409$21,107$8,958
23 years$54,108$42,243$32,626$24,962$18,947$7,662
24 years$51,303$39,579$30,173$22,767$17,030$6,559
25 years$48,727$37,143$27,947$20,792$15,324$5,618
26 years$46,353$34,908$25,919$19,011$13,804$4,815
27 years$44,158$32,853$24,068$17,402$12,445$4,128
28 years$42,124$30,957$22,374$15,944$11,230$3,541
29 years$40,233$29,204$20,821$14,621$10,140$3,039
30 years$38,472$27,580$19,394$13,418$9,162$2,608
31 years$36,828$26,073$18,081$12,323$8,283$2,239
32 years$35,289$24,670$16,870$11,326$7,493$1,923
33 years$33,847$23,363$15,751$10,415$6,781$1,651
34 years$32,493$22,143$14,717$9,582$6,140$1,419
35 years$31,218$21,002$13,759$8,821$5,561$1,219
36 years$30,018$19,934$12,872$8,124$5,038$1,047
37 years$28,884$18,933$12,048$7,485$4,566$900
38 years$27,813$17,993$11,282$6,899$4,140$773
39 years$26,800$17,109$10,570$6,362$3,754$665
40 years$25,839$16,278$9,907$5,868$3,405$571
41 years$24,928$15,495$9,290$5,414$3,089$491
42 years$24,062$14,757$8,714$4,996$2,803$422
43 years$23,239$14,061$8,177$4,612$2,544$363
44 years$22,456$13,403$7,676$4,258$2,309$312
45 years$21,709$12,781$7,207$3,933$2,096$268
46 years$20,997$12,192$6,769$3,633$1,903$231
47 years$20,318$11,635$6,360$3,356$1,728$198
48 years$19,668$11,107$5,976$3,101$1,570$170
49 years$19,047$10,607$5,617$2,866$1,426$147
50 years$18,453$10,132$5,281$2,649$1,295$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $18,900,000, adding $3,789 every year, while hoping to spend $50,967 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: 56/25/19 Blend
55$18,900,000$18,900,000$18,900,000$18,900,000
56$20,831,708$19,830,008$19,537,058$21,892,182
57$22,902,314$20,747,450$20,137,321$23,532,867
58$25,182,413$21,708,139$20,755,985$25,313,516
59$27,693,321$22,714,139$21,393,612$27,252,211
60$30,458,523$23,767,615$22,050,781$29,364,130
61$33,503,902$24,870,838$22,728,092$31,665,956
62$36,857,975$26,026,184$23,426,158$34,176,034
63$40,552,169$27,236,147$24,145,615$36,914,535
64$44,621,113$28,503,341$24,887,116$39,903,644
65$49,102,967$29,830,506$25,651,335$43,167,761
66$54,039,781$31,220,512$26,438,966$46,733,726
67$59,477,892$32,676,370$27,250,724$50,631,064
68$65,468,361$34,201,236$28,087,347$54,892,258
69$72,067,455$35,798,418$28,949,594$59,553,049
70$79,337,178$37,471,383$29,838,249$64,652,763
71$87,345,856$39,223,767$30,754,116$70,234,680
72$96,168,783$41,059,381$31,698,028$76,346,425
73$105,888,928$42,982,219$32,670,842$83,040,418
74$116,597,722$44,996,472$33,673,438$90,374,354
75$128,395,919$47,106,528$34,706,728$98,411,741
76$141,394,547$49,316,992$35,771,647$107,222,487
77$155,715,956$51,632,690$36,869,162$116,883,553
78$171,494,972$54,058,680$38,000,268$127,479,666
79$188,880,171$56,600,267$39,165,989$139,104,106
80$208,035,281$59,263,013$40,367,382$151,859,580
81$229,140,726$62,052,747$41,605,536$165,859,174
82$252,395,331$64,975,582$42,881,572$181,227,411
83$278,018,196$68,037,928$44,196,646$198,101,409
84$306,250,768$71,246,502$45,551,949$216,632,166
85$337,359,115$74,608,349$46,948,709$236,985,967
86$371,636,443$78,130,857$48,388,189$259,345,942
87$409,405,860$81,821,768$49,871,693$283,913,772
88$451,023,426$85,689,203$51,400,563$310,911,583
89$496,881,516$89,741,675$52,976,182$340,584,023
90$547,412,522$93,988,109$54,599,976$373,200,551
91$603,092,938$98,437,864$56,273,414$409,057,962
92$664,447,853$103,100,755$57,998,008$448,483,171
93$732,055,911$107,987,069$59,775,319$491,836,277
94$806,554,774$113,107,596$61,606,952$539,513,937
95$888,647,140$118,473,647$63,494,564$591,953,093
96$979,107,376$124,097,083$65,439,859$649,635,068
97$1,078,788,830$129,990,342$67,444,597$713,090,089
98$1,188,631,887$136,166,464$69,510,586$782,902,259
99$1,309,672,843$142,639,125$71,639,694$859,715,053
100$1,443,053,692$149,422,661$73,833,844$944,237,355