Can I retire at age 56 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$825,791$818,435$811,258$804,254$797,414$779,403
2 years$408,807$401,194$393,815$386,660$379,721$361,672
3 years$269,831$262,184$254,824$247,737$240,911$223,387
4 years$200,356$192,733$185,447$178,481$171,819$154,956
5 years$158,683$151,105$143,914$137,090$130,614$114,459
6 years$130,909$123,389$116,304$109,632$103,351$87,920
7 years$111,079$103,622$96,649$90,135$84,052$69,348
8 years$96,213$88,823$81,966$75,612$69,729$55,747
9 years$84,656$77,336$70,598$64,404$58,722$45,451
10 years$75,417$68,168$61,549$55,517$50,034$37,460
11 years$67,862$60,686$54,186$48,317$43,031$31,138
12 years$61,571$54,469$48,089$42,380$37,290$26,058
13 years$56,251$49,224$42,964$37,415$32,517$21,926
14 years$51,696$44,743$38,604$33,213$28,505$18,532
15 years$47,752$40,874$34,854$29,620$25,098$15,722
16 years$44,304$37,501$31,600$26,522$22,181$13,378
17 years$41,265$34,537$28,755$23,830$19,668$11,413
18 years$38,566$31,914$26,250$21,475$17,487$9,758
19 years$36,155$29,577$24,030$19,405$15,587$8,358
20 years$33,987$27,484$22,054$17,575$13,923$7,170
21 years$32,028$25,601$20,285$15,950$12,459$6,158
22 years$30,250$23,897$18,696$14,502$11,168$5,296
23 years$28,629$22,351$17,262$13,208$10,025$4,558
24 years$27,145$20,941$15,965$12,046$9,011$3,927
25 years$25,782$19,652$14,787$11,001$8,108$3,385
26 years$24,525$18,470$13,714$10,059$7,304$2,920
27 years$23,364$17,382$12,734$9,207$6,585$2,520
28 years$22,288$16,379$11,838$8,436$5,942$2,175
29 years$21,288$15,452$11,017$7,736$5,365$1,879
30 years$20,356$14,593$10,262$7,099$4,848$1,623
31 years$19,486$13,795$9,567$6,520$4,383$1,403
32 years$18,672$13,053$8,926$5,992$3,965$1,213
33 years$17,909$12,361$8,334$5,510$3,588$1,049
34 years$17,192$11,716$7,787$5,070$3,248$907
35 years$16,518$11,112$7,280$4,667$2,942$784
36 years$15,882$10,547$6,810$4,298$2,666$679
37 years$15,283$10,017$6,374$3,960$2,416$587
38 years$14,716$9,520$5,969$3,650$2,190$508
39 years$14,180$9,053$5,593$3,366$1,986$440
40 years$13,672$8,613$5,242$3,105$1,802$380
41 years$13,189$8,199$4,915$2,864$1,635$329
42 years$12,731$7,808$4,611$2,643$1,483$285
43 years$12,296$7,439$4,327$2,440$1,346$247
44 years$11,881$7,091$4,061$2,253$1,222$213
45 years$11,486$6,762$3,813$2,081$1,109$185
46 years$11,110$6,451$3,582$1,922$1,007$160
47 years$10,750$6,156$3,365$1,776$914$138
48 years$10,406$5,877$3,162$1,641$830$120
49 years$10,078$5,612$2,972$1,516$754$104
50 years$9,763$5,361$2,794$1,402$685$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,000,000, adding $4,351 every year, while hoping to spend $20,770 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: 33/37/30 Blend
55$10,000,000$10,000,000$10,000,000$10,000,000
56$11,024,488$10,494,488$10,339,488$11,287,872
57$12,126,887$10,986,619$10,663,762$11,981,966
58$13,341,034$11,502,168$10,998,203$12,727,339
59$14,678,306$12,042,261$11,343,129$13,530,267
60$16,151,239$12,608,078$11,698,870$14,395,867
61$17,773,648$13,200,856$12,065,764$15,329,750
62$19,560,754$13,821,891$12,444,161$16,338,062
63$21,529,332$14,472,545$12,834,422$17,427,544
64$23,697,866$15,154,243$13,236,917$18,605,586
65$26,086,726$15,868,478$13,652,032$19,880,295
66$28,718,358$16,616,819$14,080,160$21,260,564
67$31,617,496$17,400,908$14,521,711$22,756,153
68$34,811,396$18,222,469$14,977,104$24,377,773
69$38,330,096$19,083,307$15,446,774$26,137,182
70$42,206,692$19,985,316$15,931,168$28,047,290
71$46,477,660$20,930,481$16,430,747$30,122,276
72$51,183,192$21,920,885$16,945,988$32,377,712
73$56,367,579$22,958,711$17,477,380$34,830,705
74$62,079,631$24,046,246$18,025,431$37,500,048
75$68,373,133$25,185,891$18,590,662$40,406,397
76$75,307,355$26,380,163$19,173,612$43,572,447
77$82,947,613$27,631,699$19,774,836$47,023,149
78$91,365,883$28,943,265$20,394,906$50,785,928
79$100,641,481$30,317,763$21,034,414$54,890,938
80$110,861,813$31,758,235$21,693,968$59,371,334
81$122,123,198$33,267,869$22,374,196$64,263,576
82$134,531,779$34,850,009$23,075,747$69,607,763
83$148,204,524$36,508,163$23,799,288$75,448,001
84$163,270,330$38,246,007$24,545,508$81,832,803
85$179,871,240$40,067,398$25,315,119$88,815,543
86$198,163,783$41,976,377$26,108,852$96,454,942
87$218,320,455$43,977,186$26,927,465$104,815,607
88$240,531,342$46,074,269$27,771,736$113,968,635
89$265,005,919$48,272,288$28,642,469$123,992,260
90$291,975,025$50,576,132$29,540,494$134,972,585
91$321,693,043$52,990,928$30,466,665$147,004,373
92$354,440,300$55,522,050$31,421,866$160,191,929
93$390,525,716$58,175,136$32,407,004$174,650,063
94$430,289,719$60,956,098$33,423,018$190,505,161
95$474,107,457$63,871,133$34,470,876$207,896,357
96$522,392,342$66,926,743$35,551,574$226,976,822
97$575,599,952$70,129,744$36,666,143$247,915,199
98$634,232,331$73,487,286$37,815,643$270,897,164
99$698,842,731$77,006,864$39,001,169$296,127,162
100$770,040,830$80,696,341$40,223,848$323,830,309