Can I retire at age 56 with 10,100,000?

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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$834,049$826,619$819,371$812,296$805,388$788,482
2 years$412,895$405,206$397,753$390,527$383,518$366,565
3 years$272,529$264,806$257,372$250,214$243,320$226,849
4 years$202,360$194,661$187,301$180,265$173,538$157,676
5 years$160,269$152,616$145,353$138,461$131,921$116,713
6 years$132,218$124,623$117,467$110,728$104,384$89,847
7 years$112,190$104,658$97,616$91,036$84,892$71,028
8 years$97,175$89,711$82,786$76,368$70,426$57,231
9 years$85,503$78,110$71,303$65,048$59,309$46,773
10 years$76,171$68,850$62,164$56,072$50,534$38,645
11 years$68,540$61,293$54,728$48,800$43,461$32,204
12 years$62,186$55,013$48,570$42,804$37,663$27,020
13 years$56,814$49,716$43,394$37,789$32,843$22,797
14 years$52,213$45,190$38,990$33,545$28,790$19,321
15 years$48,229$41,282$35,202$29,917$25,349$16,436
16 years$44,747$37,876$31,916$26,787$22,403$14,026
17 years$41,677$34,882$29,042$24,068$19,864$12,000
18 years$38,952$32,233$26,512$21,690$17,662$10,290
19 years$36,516$29,873$24,270$19,599$15,743$8,840
20 years$34,327$27,759$22,274$17,750$14,062$7,606
21 years$32,348$25,857$20,488$16,110$12,584$6,553
22 years$30,552$24,136$18,883$14,647$11,280$5,653
23 years$28,915$22,574$17,435$13,340$10,125$4,881
24 years$27,416$21,151$16,124$12,167$9,101$4,218
25 years$26,039$19,849$14,934$11,111$8,189$3,647
26 years$24,771$18,655$13,851$10,159$7,377$3,156
27 years$23,598$17,556$12,862$9,299$6,651$2,733
28 years$22,511$16,543$11,957$8,520$6,001$2,367
29 years$21,500$15,607$11,127$7,813$5,419$2,051
30 years$20,559$14,739$10,364$7,170$4,896$1,778
31 years$19,680$13,933$9,662$6,586$4,427$1,542
32 years$18,858$13,183$9,015$6,052$4,004$1,337
33 years$18,088$12,485$8,417$5,566$3,624$1,160
34 years$17,364$11,833$7,865$5,121$3,281$1,007
35 years$16,683$11,223$7,353$4,714$2,972$874
36 years$16,041$10,653$6,878$4,341$2,692$758
37 years$15,436$10,117$6,438$4,000$2,440$658
38 years$14,863$9,615$6,029$3,687$2,212$571
39 years$14,322$9,143$5,649$3,400$2,006$496
40 years$13,808$8,699$5,294$3,136$1,820$431
41 years$13,321$8,281$4,964$2,893$1,651$374
42 years$12,859$7,886$4,657$2,670$1,498$325
43 years$12,419$7,514$4,370$2,465$1,360$282
44 years$12,000$7,162$4,102$2,276$1,234$245
45 years$11,601$6,830$3,851$2,102$1,120$213
46 years$11,221$6,515$3,617$1,941$1,017$185
47 years$10,858$6,218$3,398$1,794$924$161
48 years$10,511$5,936$3,194$1,657$839$140
49 years$10,179$5,668$3,002$1,532$762$121
50 years$9,861$5,415$2,822$1,416$692$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,100,000, adding $5,115 every year, while hoping to spend $38,210 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: 36/46/18 Blend
55$10,100,000$10,100,000$10,100,000$10,100,000
56$11,135,476$10,600,176$10,443,626$11,475,158
57$12,230,640$11,078,930$10,752,832$12,201,170
58$13,436,229$11,579,861$11,071,117$12,980,465
59$14,763,468$12,104,018$11,398,742$13,820,968
60$16,224,722$12,652,495$11,735,981$14,728,164
61$17,833,619$13,226,443$12,083,111$15,708,067
62$19,605,173$13,827,064$12,440,421$16,767,267
63$21,555,931$14,455,620$12,808,205$17,912,991
64$23,704,123$15,113,433$13,186,767$19,153,168
65$26,069,840$15,801,887$13,576,420$20,496,493
66$28,675,218$16,522,434$13,977,485$21,952,509
67$31,544,653$17,276,596$14,390,293$23,531,689
68$34,705,023$18,065,964$14,815,183$25,245,529
69$38,185,950$18,892,211$15,252,506$27,106,652
70$42,020,073$19,757,086$15,702,621$29,128,919
71$46,243,360$20,662,423$16,165,899$31,327,551
72$50,895,445$21,610,144$16,642,719$33,719,272
73$56,020,004$22,602,265$17,133,474$36,322,453
74$61,665,165$23,640,896$17,638,565$39,157,282
75$67,883,962$24,728,250$18,158,408$42,245,943
76$74,734,839$25,866,647$18,693,427$45,612,820
77$82,282,196$27,058,516$19,244,060$49,284,717
78$90,597,002$28,306,406$19,810,759$53,291,103
79$99,757,463$29,612,986$20,393,986$57,664,376
80$109,849,757$30,981,055$20,994,217$62,440,165
81$120,968,851$32,413,546$21,611,942$67,657,652
82$133,219,397$33,913,533$22,247,665$73,359,932
83$146,716,718$35,484,238$22,901,904$79,594,407
84$161,587,897$37,129,040$23,575,193$86,413,223
85$177,972,979$38,851,479$24,268,077$93,873,749
86$196,026,286$40,655,265$24,981,121$102,039,103
87$215,917,883$42,544,289$25,714,905$110,978,738
88$237,835,176$44,522,627$26,470,022$120,769,080
89$261,984,683$46,594,555$27,247,087$131,494,237
90$288,593,984$48,764,553$28,046,729$143,246,772
91$317,913,871$51,037,316$28,869,595$156,128,568
92$350,220,711$53,417,769$29,716,351$170,251,763
93$385,819,055$55,911,072$30,587,681$185,739,798
94$425,044,520$58,522,636$31,484,289$202,728,560
95$468,266,948$61,258,132$32,406,900$221,367,644
96$515,893,902$64,123,506$33,356,256$241,821,747
97$568,374,513$67,124,990$34,333,123$264,272,198
98$626,203,718$70,269,119$35,338,288$288,918,648
99$689,926,934$73,562,743$36,372,557$315,980,931
100$760,145,208$77,013,044$37,436,764$345,701,115