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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$825,791$818,435$811,258$804,254$797,414$783,559
2 years$408,807$401,194$393,815$386,660$379,721$365,807
3 years$269,831$262,184$254,824$247,737$240,911$227,371
4 years$200,356$192,733$185,447$178,481$171,819$158,759
5 years$158,683$151,105$143,914$137,090$130,614$118,071
6 years$130,909$123,389$116,304$109,632$103,351$91,337
7 years$111,079$103,622$96,649$90,135$84,052$72,573
8 years$96,213$88,823$81,966$75,612$69,729$58,781
9 years$84,656$77,336$70,598$64,404$58,722$48,299
10 years$75,417$68,168$61,549$55,517$50,034$40,128
11 years$67,862$60,686$54,186$48,317$43,031$33,630
12 years$61,571$54,469$48,089$42,380$37,290$28,382
13 years$56,251$49,224$42,964$37,415$32,517$24,089
14 years$51,696$44,743$38,604$33,213$28,505$20,540
15 years$47,752$40,874$34,854$29,620$25,098$17,583
16 years$44,304$37,501$31,600$26,522$22,181$15,100
17 years$41,265$34,537$28,755$23,830$19,668$13,003
18 years$38,566$31,914$26,250$21,475$17,487$11,223
19 years$36,155$29,577$24,030$19,405$15,587$9,706
20 years$33,987$27,484$22,054$17,575$13,923$8,408
21 years$32,028$25,601$20,285$15,950$12,459$7,294
22 years$30,250$23,897$18,696$14,502$11,168$6,335
23 years$28,629$22,351$17,262$13,208$10,025$5,508
24 years$27,145$20,941$15,965$12,046$9,011$4,794
25 years$25,782$19,652$14,787$11,001$8,108$4,175
26 years$24,525$18,470$13,714$10,059$7,304$3,639
27 years$23,364$17,382$12,734$9,207$6,585$3,174
28 years$22,288$16,379$11,838$8,436$5,942$2,769
29 years$21,288$15,452$11,017$7,736$5,365$2,418
30 years$20,356$14,593$10,262$7,099$4,848$2,111
31 years$19,486$13,795$9,567$6,520$4,383$1,844
32 years$18,672$13,053$8,926$5,992$3,965$1,612
33 years$17,909$12,361$8,334$5,510$3,588$1,409
34 years$17,192$11,716$7,787$5,070$3,248$1,232
35 years$16,518$11,112$7,280$4,667$2,942$1,077
36 years$15,882$10,547$6,810$4,298$2,666$942
37 years$15,283$10,017$6,374$3,960$2,416$824
38 years$14,716$9,520$5,969$3,650$2,190$721
39 years$14,180$9,053$5,593$3,366$1,986$631
40 years$13,672$8,613$5,242$3,105$1,802$552
41 years$13,189$8,199$4,915$2,864$1,635$483
42 years$12,731$7,808$4,611$2,643$1,483$423
43 years$12,296$7,439$4,327$2,440$1,346$370
44 years$11,881$7,091$4,061$2,253$1,222$324
45 years$11,486$6,762$3,813$2,081$1,109$283
46 years$11,110$6,451$3,582$1,922$1,007$248
47 years$10,750$6,156$3,365$1,776$914$217
48 years$10,406$5,877$3,162$1,641$830$190
49 years$10,078$5,612$2,972$1,516$754$166
50 years$9,763$5,361$2,794$1,402$685$146

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 $4,455 every year, while hoping to spend $33,304 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: 36/39/25 Blend
55$10,000,000$10,000,000$10,000,000$10,000,000
56$11,024,595$10,494,595$10,339,595$11,338,319
57$12,113,669$10,973,395$10,650,537$12,049,168
58$13,312,712$11,474,540$10,970,778$12,812,690
59$14,632,905$11,999,090$11,300,596$13,636,326
60$16,086,571$12,548,155$11,640,276$14,525,494
61$17,687,286$13,122,899$11,990,110$15,486,130
62$19,450,010$13,724,542$12,350,399$16,524,747
63$21,391,229$14,354,362$12,721,455$17,648,488
64$23,529,107$15,013,699$13,103,597$18,865,190
65$25,883,662$15,703,956$13,497,154$20,183,455
66$28,476,951$16,426,606$13,902,464$21,612,721
67$31,333,280$17,183,189$14,319,876$23,163,354
68$34,479,433$17,975,323$14,749,750$24,846,732
69$37,944,923$18,804,702$15,192,454$26,675,353
70$41,762,273$19,673,101$15,648,370$28,662,944
71$45,967,323$20,582,381$16,117,888$30,824,586
72$50,599,565$21,534,492$16,601,412$33,176,848
73$55,702,518$22,531,480$17,099,357$35,737,940
74$61,324,139$23,575,486$17,612,150$38,527,873
75$67,517,274$24,668,758$18,140,229$41,568,646
76$74,340,158$25,813,649$18,684,049$44,884,442
77$81,856,964$27,012,628$19,244,075$48,501,849
78$90,138,409$28,268,281$19,820,786$52,450,105
79$99,262,420$29,583,320$20,414,676$56,761,362
80$109,314,872$30,960,588$21,026,253$61,470,983
81$120,390,396$32,403,064$21,656,039$66,617,864
82$132,593,274$33,913,872$22,304,574$72,244,792
83$146,038,422$35,496,286$22,972,411$78,398,841
84$160,852,475$37,153,738$23,660,121$85,131,799
85$177,174,982$38,889,826$24,368,290$92,500,654
86$195,159,726$40,708,323$25,097,523$100,568,113
87$214,976,169$42,613,182$25,848,441$109,403,184
88$236,811,059$44,608,549$26,621,685$119,081,815
89$260,870,189$46,698,769$27,417,913$129,687,596
90$287,380,339$48,888,399$28,237,804$141,312,535
91$316,591,417$51,182,215$29,082,054$154,057,909
92$348,778,822$53,585,223$29,951,383$168,035,210
93$384,246,037$56,102,674$30,846,530$183,367,174
94$423,327,499$58,740,071$31,768,254$200,188,926
95$466,391,753$61,503,185$32,717,340$218,649,240
96$513,844,934$64,398,063$33,694,594$238,911,921
97$566,134,598$67,431,049$34,700,843$261,157,331
98$623,753,949$70,608,792$35,736,943$285,584,076
99$687,246,492$73,938,263$36,803,771$312,410,855
100$757,211,168$77,426,772$37,902,232$341,878,504