Can I retire at age 56 with 10,300,000?

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 $10,300,000?

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$850,564$842,988$835,596$828,381$821,336$807,066
2 years$421,071$413,229$405,629$398,260$391,113$376,781
3 years$277,926$270,050$262,469$255,169$248,138$234,192
4 years$206,367$198,515$191,010$183,835$176,974$163,522
5 years$163,443$155,638$148,232$141,203$134,533$121,613
6 years$134,836$127,090$119,793$112,921$106,451$94,078
7 years$114,411$106,730$99,549$92,839$86,573$74,750
8 years$99,099$91,488$84,425$77,880$71,821$60,545
9 years$87,196$79,656$72,715$66,337$60,484$49,748
10 years$77,679$70,213$63,395$57,183$51,535$41,332
11 years$69,898$62,507$55,812$49,766$44,322$34,639
12 years$63,418$56,103$49,532$43,652$38,408$29,233
13 years$57,939$50,700$44,253$38,538$33,493$24,811
14 years$53,247$46,085$39,762$34,210$29,360$21,157
15 years$49,184$42,100$35,900$30,509$25,851$18,110
16 years$45,633$38,626$32,548$27,317$22,847$15,553
17 years$42,503$35,573$29,618$24,544$20,258$13,393
18 years$39,723$32,871$27,037$22,120$18,012$11,560
19 years$37,239$30,464$24,751$19,987$16,055$9,997
20 years$35,006$28,309$22,715$18,102$14,340$8,660
21 years$32,989$26,369$20,894$16,429$12,833$7,512
22 years$31,157$24,614$19,257$14,937$11,503$6,525
23 years$29,487$23,021$17,780$13,604$10,326$5,674
24 years$27,959$21,569$16,444$12,407$9,281$4,938
25 years$26,555$20,242$15,230$11,331$8,351$4,301
26 years$25,261$19,024$14,125$10,361$7,523$3,748
27 years$24,065$17,904$13,116$9,483$6,782$3,269
28 years$22,956$16,871$12,193$8,689$6,120$2,852
29 years$21,926$15,916$11,347$7,968$5,526$2,490
30 years$20,966$15,031$10,569$7,312$4,993$2,175
31 years$20,070$14,209$9,854$6,716$4,514$1,900
32 years$19,232$13,444$9,194$6,172$4,083$1,660
33 years$18,446$12,732$8,584$5,676$3,696$1,451
34 years$17,708$12,067$8,020$5,222$3,346$1,269
35 years$17,013$11,446$7,499$4,807$3,030$1,109
36 years$16,359$10,863$7,015$4,427$2,746$970
37 years$15,741$10,318$6,566$4,079$2,489$849
38 years$15,158$9,806$6,148$3,760$2,256$742
39 years$14,605$9,324$5,760$3,467$2,046$650
40 years$14,082$8,871$5,399$3,198$1,856$568
41 years$13,585$8,445$5,063$2,950$1,684$497
42 years$13,113$8,042$4,749$2,723$1,528$435
43 years$12,665$7,663$4,456$2,513$1,386$381
44 years$12,238$7,304$4,183$2,321$1,258$334
45 years$11,831$6,965$3,928$2,143$1,142$292
46 years$11,443$6,644$3,689$1,980$1,037$256
47 years$11,073$6,341$3,466$1,829$942$224
48 years$10,719$6,053$3,257$1,690$855$196
49 years$10,380$5,780$3,061$1,562$777$171
50 years$10,056$5,522$2,878$1,444$706$150

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,300,000, adding $3,109 every year, while hoping to spend $38,115 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: 66/13/21 Blend
55$10,300,000$10,300,000$10,300,000$10,300,000
56$11,353,807$10,807,907$10,648,257$12,042,511
57$12,471,341$11,296,940$10,964,419$12,994,156
58$13,701,586$11,808,659$11,289,896$14,029,464
59$15,055,999$12,344,134$11,624,958$15,160,405
60$16,547,203$12,904,488$11,969,886$16,396,374
61$18,189,107$13,490,898$12,324,967$17,747,710
62$19,997,039$14,104,595$12,690,497$19,225,795
63$21,987,889$14,746,872$13,066,780$20,843,154
64$24,180,266$15,419,081$13,454,130$22,613,576
65$26,594,679$16,122,642$13,852,869$24,552,240
66$29,253,725$16,859,040$14,263,329$26,675,856
67$32,182,305$17,629,833$14,685,850$29,002,822
68$35,407,858$18,436,653$15,120,784$31,553,393
69$38,960,620$19,281,210$15,568,491$34,349,874
70$42,873,911$20,165,296$16,029,343$37,416,822
71$47,184,446$21,090,792$16,503,722$40,781,281
72$51,932,683$22,059,664$16,992,020$44,473,032
73$57,163,206$23,073,977$17,494,643$48,524,868
74$62,925,145$24,135,894$18,012,004$52,972,910
75$69,272,637$25,247,680$18,544,534$57,856,934
76$76,265,340$26,411,710$19,092,670$63,220,751
77$83,968,996$27,630,476$19,656,866$69,112,614
78$92,456,050$28,906,586$20,237,588$75,585,670
79$101,806,334$30,242,774$20,835,313$82,698,459
80$112,107,819$31,641,909$21,450,535$90,515,463
81$123,457,448$33,106,995$22,083,760$99,107,712
82$135,962,050$34,641,180$22,735,508$108,553,446
83$149,739,348$36,247,767$23,406,317$118,938,853
84$164,919,070$37,930,215$24,096,736$130,358,880
85$181,644,171$39,692,152$24,807,333$142,918,118
86$200,072,189$41,537,380$25,538,691$156,731,794
87$220,376,724$43,469,883$26,291,409$171,926,844
88$242,749,083$45,493,841$27,066,104$188,643,112
89$267,400,081$47,613,631$27,863,411$207,034,665
90$294,562,035$49,833,844$28,683,980$227,271,238
91$324,490,953$52,159,293$29,528,484$249,539,834
92$357,468,954$54,595,022$30,397,612$274,046,482
93$393,806,928$57,146,319$31,292,073$301,018,172
94$433,847,475$59,818,728$32,212,597$330,705,000
95$477,968,132$62,618,061$33,159,935$363,382,512
96$526,584,946$65,550,410$34,134,856$399,354,304
97$580,156,392$68,622,163$35,138,156$438,954,880
98$639,187,710$71,840,014$36,170,650$482,552,800
99$704,235,665$75,210,984$37,233,175$530,554,152
100$775,913,813$78,742,431$38,326,596$583,406,375