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%19.3%
1 years$850,564$842,988$835,596$828,381$821,336$790,623
2 years$421,071$413,229$405,629$398,260$391,113$360,521
3 years$277,926$270,050$262,469$255,169$248,138$218,631
4 years$206,367$198,515$191,010$183,835$176,974$148,776
5 years$163,443$155,638$148,232$141,203$134,533$107,717
6 years$134,836$127,090$119,793$112,921$106,451$81,036
7 years$114,411$106,730$99,549$92,839$86,573$62,552
8 years$99,099$91,488$84,425$77,880$71,821$49,172
9 years$87,196$79,656$72,715$66,337$60,484$39,175
10 years$77,679$70,213$63,395$57,183$51,535$31,528
11 years$69,898$62,507$55,812$49,766$44,322$25,572
12 years$63,418$56,103$49,532$43,652$38,408$20,870
13 years$57,939$50,700$44,253$38,538$33,493$17,115
14 years$53,247$46,085$39,762$34,210$29,360$14,090
15 years$49,184$42,100$35,900$30,509$25,851$11,637
16 years$45,633$38,626$32,548$27,317$22,847$9,635
17 years$42,503$35,573$29,618$24,544$20,258$7,995
18 years$39,723$32,871$27,037$22,120$18,012$6,645
19 years$37,239$30,464$24,751$19,987$16,055$5,531
20 years$35,006$28,309$22,715$18,102$14,340$4,609
21 years$32,989$26,369$20,894$16,429$12,833$3,845
22 years$31,157$24,614$19,257$14,937$11,503$3,210
23 years$29,487$23,021$17,780$13,604$10,326$2,681
24 years$27,959$21,569$16,444$12,407$9,281$2,241
25 years$26,555$20,242$15,230$11,331$8,351$1,874
26 years$25,261$19,024$14,125$10,361$7,523$1,568
27 years$24,065$17,904$13,116$9,483$6,782$1,312
28 years$22,956$16,871$12,193$8,689$6,120$1,098
29 years$21,926$15,916$11,347$7,968$5,526$920
30 years$20,966$15,031$10,569$7,312$4,993$770
31 years$20,070$14,209$9,854$6,716$4,514$645
32 years$19,232$13,444$9,194$6,172$4,083$540
33 years$18,446$12,732$8,584$5,676$3,696$453
34 years$17,708$12,067$8,020$5,222$3,346$379
35 years$17,013$11,446$7,499$4,807$3,030$318
36 years$16,359$10,863$7,015$4,427$2,746$266
37 years$15,741$10,318$6,566$4,079$2,489$223
38 years$15,158$9,806$6,148$3,760$2,256$187
39 years$14,605$9,324$5,760$3,467$2,046$157
40 years$14,082$8,871$5,399$3,198$1,856$131
41 years$13,585$8,445$5,063$2,950$1,684$110
42 years$13,113$8,042$4,749$2,723$1,528$92
43 years$12,665$7,663$4,456$2,513$1,386$77
44 years$12,238$7,304$4,183$2,321$1,258$65
45 years$11,831$6,965$3,928$2,143$1,142$54
46 years$11,443$6,644$3,689$1,980$1,037$46
47 years$11,073$6,341$3,466$1,829$942$38
48 years$10,719$6,053$3,257$1,690$855$32
49 years$10,380$5,780$3,061$1,562$777$27
50 years$10,056$5,522$2,878$1,444$706$22

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 $2,723 every year, while hoping to spend $31,399 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: 83/5/12 Blend
55$10,300,000$10,300,000$10,300,000$10,300,000
56$11,353,409$10,807,509$10,647,859$12,271,654
57$12,478,048$11,303,668$10,971,154$13,369,736
58$13,716,348$11,823,088$11,304,227$14,571,007
59$15,079,870$12,366,873$11,647,372$15,889,343
60$16,581,351$12,936,184$12,000,893$17,336,493
61$18,234,828$13,532,236$12,365,102$18,925,400
62$20,055,768$14,156,303$12,740,321$20,670,316
63$22,061,215$14,809,721$13,126,881$22,586,944
64$24,269,950$15,493,888$13,525,123$24,692,576
65$26,702,669$16,210,273$13,935,398$27,006,262
66$29,382,176$16,960,411$14,358,069$29,548,987
67$32,333,602$17,745,915$14,793,508$32,343,868
68$35,584,639$18,568,474$15,242,100$35,416,369
69$39,165,800$19,429,858$15,704,239$38,794,544
70$43,110,714$20,331,923$16,180,332$42,509,296
71$47,456,433$21,276,614$16,670,800$46,594,672
72$52,243,792$22,265,970$17,176,074$51,088,182
73$57,517,785$23,302,129$17,696,599$56,031,147
74$63,327,997$24,387,332$18,232,834$61,469,096
75$69,729,068$25,523,926$18,785,249$67,452,187
76$76,781,209$26,714,374$19,354,331$74,035,682
77$84,550,772$27,961,258$19,940,580$81,280,468
78$93,110,872$29,267,281$20,544,511$89,253,629
79$102,542,085$30,635,282$21,166,656$98,029,076
80$112,933,199$32,068,232$21,807,560$107,688,246
81$124,382,060$33,569,250$22,467,788$118,320,866
82$136,996,488$35,141,602$23,147,917$130,025,801
83$150,895,304$36,788,714$23,848,546$142,911,982
84$166,209,442$38,514,178$24,570,289$157,099,438
85$183,083,190$40,321,758$25,313,779$172,720,417
86$201,675,553$42,215,401$26,079,668$189,920,643
87$222,161,750$44,199,247$26,868,628$208,860,684
88$244,734,871$46,277,632$27,681,349$229,717,463
89$269,607,698$48,455,106$28,518,544$252,685,931
90$297,014,714$50,736,437$29,380,947$277,980,901
91$327,214,317$53,126,625$30,269,311$305,839,078
92$360,491,259$55,630,911$31,184,414$336,521,281
93$397,159,333$58,254,791$32,127,057$370,314,915
94$437,564,336$61,004,027$33,098,065$407,536,670
95$482,087,335$63,884,661$34,098,287$448,535,515
96$531,148,259$66,903,026$35,128,596$493,695,984
97$585,209,870$70,065,763$36,189,893$543,441,806
98$644,782,128$73,379,835$37,283,104$598,239,902
99$710,427,002$76,852,545$38,409,186$658,604,785
100$782,763,782$80,491,545$39,569,119$725,103,417