Can I retire at age 56 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$842,306$834,804$827,484$820,339$813,362$791,773
2 years$416,983$409,217$401,691$394,394$387,315$365,715
3 years$275,228$267,428$259,921$252,692$245,729$224,793
4 years$204,364$196,588$189,156$182,050$175,256$155,146
5 years$161,856$154,127$146,793$139,832$133,227$113,999
6 years$133,527$125,857$118,630$111,825$105,418$87,090
7 years$113,300$105,694$98,582$91,937$85,733$68,306
8 years$98,137$90,599$83,606$77,124$71,124$54,589
9 years$86,349$78,883$72,009$65,692$59,896$44,240
10 years$76,925$69,532$62,779$56,628$51,035$36,236
11 years$69,219$61,900$55,270$49,283$43,892$29,928
12 years$62,802$55,558$49,051$43,228$38,036$24,882
13 years$57,377$50,208$43,824$38,164$33,168$20,797
14 years$52,730$45,638$39,376$33,877$29,075$17,458
15 years$48,707$41,691$35,551$30,213$25,600$14,707
16 years$45,190$38,251$32,232$27,052$22,625$12,426
17 years$42,090$35,227$29,330$24,306$20,061$10,524
18 years$39,337$32,552$26,775$21,905$17,837$8,932
19 years$36,878$30,169$24,511$19,793$15,899$7,593
20 years$34,667$28,034$22,495$17,926$14,201$6,465
21 years$32,669$26,113$20,691$16,269$12,708$5,510
22 years$30,855$24,375$19,070$14,792$11,391$4,702
23 years$29,201$22,798$17,608$13,472$10,225$4,015
24 years$27,688$21,360$16,284$12,287$9,191$3,432
25 years$26,297$20,045$15,082$11,221$8,270$2,935
26 years$25,016$18,839$13,988$10,260$7,450$2,511
27 years$23,831$17,730$12,989$9,391$6,716$2,150
28 years$22,734$16,707$12,075$8,604$6,060$1,841
29 years$21,713$15,761$11,237$7,890$5,472$1,577
30 years$20,763$14,885$10,467$7,241$4,945$1,351
31 years$19,875$14,071$9,758$6,651$4,470$1,158
32 years$19,045$13,314$9,104$6,112$4,044$993
33 years$18,267$12,609$8,501$5,621$3,660$851
34 years$17,536$11,950$7,943$5,172$3,313$730
35 years$16,848$11,334$7,426$4,761$3,001$626
36 years$16,200$10,758$6,947$4,384$2,719$537
37 years$15,588$10,218$6,502$4,040$2,464$461
38 years$15,010$9,710$6,089$3,723$2,234$395
39 years$14,463$9,234$5,704$3,433$2,026$339
40 years$13,945$8,785$5,347$3,167$1,838$291
41 years$13,453$8,363$5,014$2,922$1,667$250
42 years$12,986$7,964$4,703$2,696$1,513$214
43 years$12,542$7,588$4,413$2,489$1,373$184
44 years$12,119$7,233$4,142$2,298$1,246$158
45 years$11,716$6,898$3,890$2,122$1,131$135
46 years$11,332$6,580$3,653$1,961$1,027$116
47 years$10,965$6,279$3,432$1,811$933$100
48 years$10,615$5,994$3,225$1,674$847$86
49 years$10,279$5,724$3,032$1,547$769$74
50 years$9,959$5,468$2,850$1,430$699$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,200,000, adding $4,294 every year, while hoping to spend $39,295 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: 53/21/26 Blend
55$10,200,000$10,200,000$10,200,000$10,200,000
56$11,244,829$10,704,229$10,546,129$11,759,216
57$12,349,992$11,186,927$10,857,615$12,598,109
58$13,566,565$11,691,960$11,178,219$13,506,160
59$14,905,869$12,220,381$11,508,204$14,493,569
60$16,380,382$12,773,293$11,847,842$15,567,941
61$18,003,849$13,351,853$12,197,413$16,737,633
62$19,791,419$13,957,271$12,557,204$18,011,837
63$21,759,783$14,590,816$12,927,510$19,400,660
64$23,927,334$15,253,819$13,308,634$20,915,221
65$26,314,339$15,947,673$13,700,890$22,567,746
66$28,943,130$16,673,838$14,104,599$24,371,689
67$31,838,317$17,433,844$14,520,091$26,341,848
68$35,027,017$18,229,294$14,947,705$28,494,505
69$38,539,112$19,061,869$15,387,793$30,847,579
70$42,407,530$19,933,329$15,840,713$33,420,785
71$46,668,556$20,845,520$16,306,834$36,235,821
72$51,362,173$21,800,375$16,786,538$39,316,570
73$56,532,442$22,799,921$17,280,214$42,689,316
74$62,227,916$23,846,281$17,788,265$46,382,994
75$68,502,096$24,941,681$18,311,105$50,429,453
76$75,413,941$26,088,455$18,849,158$54,863,756
77$83,028,420$27,289,047$19,402,862$59,724,506
78$91,417,127$28,546,018$19,972,667$65,054,204
79$100,658,957$29,862,055$20,559,033$70,899,643
80$110,840,847$31,239,973$21,162,437$77,312,351
81$122,058,602$32,682,720$21,783,368$84,349,062
82$134,417,796$34,193,390$22,422,327$92,072,256
83$148,034,768$35,775,223$23,079,832$100,550,734
84$163,037,722$37,431,616$23,756,414$109,860,265
85$179,567,934$39,166,130$24,452,618$120,084,296
86$197,781,089$40,982,496$25,169,007$131,314,729
87$217,848,748$42,884,627$25,906,157$143,652,783
88$239,959,970$44,876,623$26,664,662$157,209,942
89$264,323,092$46,962,782$27,445,133$172,108,999
90$291,167,699$49,147,610$28,248,197$188,485,206
91$320,746,790$51,435,829$29,074,498$206,487,546
92$353,339,169$53,832,391$29,924,700$226,280,123
93$389,252,071$56,342,485$30,799,484$248,043,709
94$428,824,067$58,971,551$31,699,551$271,977,437
95$472,428,257$61,725,293$32,625,621$298,300,670
96$520,475,795$64,609,688$33,578,435$327,255,061
97$573,419,767$67,631,003$34,558,754$359,106,827
98$631,759,471$70,795,810$35,567,360$394,149,245
99$696,045,127$74,110,995$36,605,057$432,705,410
100$766,883,075$77,583,779$37,672,671$475,131,274