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%17.5%
1 years$825,791$818,435$811,258$804,254$797,414$773,127
2 years$408,807$401,194$393,815$386,660$379,721$355,461
3 years$269,831$262,184$254,824$247,737$240,911$217,438
4 years$200,356$192,733$185,447$178,481$171,819$149,314
5 years$158,683$151,105$143,914$137,090$130,614$109,137
6 years$130,909$123,389$116,304$109,632$103,351$82,921
7 years$111,079$103,622$96,649$90,135$84,052$64,668
8 years$96,213$88,823$81,966$75,612$69,729$51,379
9 years$84,656$77,336$70,598$64,404$58,722$41,386
10 years$75,417$68,168$61,549$55,517$50,034$33,687
11 years$67,862$60,686$54,186$48,317$43,031$27,645
12 years$61,571$54,469$48,089$42,380$37,290$22,833
13 years$56,251$49,224$42,964$37,415$32,517$18,956
14 years$51,696$44,743$38,604$33,213$28,505$15,803
15 years$47,752$40,874$34,854$29,620$25,098$13,219
16 years$44,304$37,501$31,600$26,522$22,181$11,089
17 years$41,265$34,537$28,755$23,830$19,668$9,324
18 years$38,566$31,914$26,250$21,475$17,487$7,854
19 years$36,155$29,577$24,030$19,405$15,587$6,627
20 years$33,987$27,484$22,054$17,575$13,923$5,599
21 years$32,028$25,601$20,285$15,950$12,459$4,736
22 years$30,250$23,897$18,696$14,502$11,168$4,010
23 years$28,629$22,351$17,262$13,208$10,025$3,398
24 years$27,145$20,941$15,965$12,046$9,011$2,881
25 years$25,782$19,652$14,787$11,001$8,108$2,444
26 years$24,525$18,470$13,714$10,059$7,304$2,074
27 years$23,364$17,382$12,734$9,207$6,585$1,762
28 years$22,288$16,379$11,838$8,436$5,942$1,496
29 years$21,288$15,452$11,017$7,736$5,365$1,271
30 years$20,356$14,593$10,262$7,099$4,848$1,080
31 years$19,486$13,795$9,567$6,520$4,383$918
32 years$18,672$13,053$8,926$5,992$3,965$781
33 years$17,909$12,361$8,334$5,510$3,588$664
34 years$17,192$11,716$7,787$5,070$3,248$565
35 years$16,518$11,112$7,280$4,667$2,942$480
36 years$15,882$10,547$6,810$4,298$2,666$409
37 years$15,283$10,017$6,374$3,960$2,416$348
38 years$14,716$9,520$5,969$3,650$2,190$296
39 years$14,180$9,053$5,593$3,366$1,986$252
40 years$13,672$8,613$5,242$3,105$1,802$214
41 years$13,189$8,199$4,915$2,864$1,635$182
42 years$12,731$7,808$4,611$2,643$1,483$155
43 years$12,296$7,439$4,327$2,440$1,346$132
44 years$11,881$7,091$4,061$2,253$1,222$112
45 years$11,486$6,762$3,813$2,081$1,109$95
46 years$11,110$6,451$3,582$1,922$1,007$81
47 years$10,750$6,156$3,365$1,776$914$69
48 years$10,406$5,877$3,162$1,641$830$59
49 years$10,078$5,612$2,972$1,516$754$50
50 years$9,763$5,361$2,794$1,402$685$43

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 $6,048 every year, while hoping to spend $20,431 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: 38/35/27 Blend
55$10,000,000$10,000,000$10,000,000$10,000,000
56$11,026,239$10,496,239$10,341,239$11,356,307
57$12,129,176$10,988,816$10,665,932$12,091,445
58$13,343,929$11,504,845$11,000,817$12,883,087
59$14,681,880$12,045,452$11,346,215$13,738,279
60$16,155,574$12,611,822$11,702,455$14,662,800
61$17,778,833$13,205,191$12,069,878$15,662,988
62$19,566,889$13,826,861$12,448,834$16,745,796
63$21,536,528$14,478,192$12,839,685$17,918,855
64$23,706,244$15,160,615$13,242,805$19,190,539
65$26,096,421$15,875,625$13,658,579$20,570,041
66$28,729,518$16,624,793$14,087,404$22,067,452
67$31,630,286$17,409,765$14,529,689$23,693,856
68$34,825,999$18,232,266$14,985,857$25,461,426
69$38,346,711$19,094,108$15,456,344$27,383,534
70$42,225,542$19,997,186$15,941,598$29,474,871
71$46,498,989$20,943,490$16,442,083$31,751,580
72$51,207,271$21,935,105$16,958,278$34,231,402
73$56,394,707$22,974,220$17,490,675$36,933,837
74$62,110,137$24,063,126$18,039,782$39,880,321
75$68,407,380$25,204,229$18,606,124$43,094,421
76$75,345,746$26,400,049$19,190,242$46,602,049
77$82,990,591$27,653,230$19,792,694$50,431,701
78$91,413,936$28,966,544$20,414,054$54,614,714
79$100,695,149$30,342,896$21,054,917$59,185,558
80$110,921,692$31,785,335$21,715,894$64,182,147
81$122,189,944$33,297,056$22,397,616$69,646,190
82$134,606,116$34,881,410$23,100,734$75,623,577
83$148,287,251$36,541,910$23,825,920$82,164,798
84$163,362,329$38,282,242$24,573,866$89,325,410
85$179,973,482$40,106,267$25,345,286$97,166,552
86$198,277,341$42,018,038$26,140,917$105,755,505
87$218,446,510$44,021,802$26,961,518$115,166,322
88$240,671,198$46,122,015$27,807,873$125,480,510
89$265,161,014$48,323,347$28,680,790$136,787,784
90$292,146,943$50,630,697$29,581,103$149,186,903
91$321,883,532$53,049,202$30,509,670$162,786,586
92$354,651,287$55,584,247$31,467,379$177,706,525
93$390,759,325$58,241,483$32,455,143$194,078,493
94$430,548,293$61,026,831$33,473,906$212,047,579
95$474,393,577$63,946,504$34,524,641$231,773,530
96$522,708,855$67,007,017$35,608,350$253,432,251
97$575,949,997$70,215,199$36,726,068$277,217,439
98$634,619,367$73,578,214$37,878,862$303,342,390
99$699,270,571$77,103,575$39,067,832$332,041,999
100$770,513,678$80,799,159$40,294,113$363,574,948