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

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$850,564$842,988$835,596$828,381$821,336$805,412
2 years$421,071$413,229$405,629$398,260$391,113$375,134
3 years$277,926$270,050$262,469$255,169$248,138$232,603
4 years$206,367$198,515$191,010$183,835$176,974$162,002
5 years$163,443$155,638$148,232$141,203$134,533$120,167
6 years$134,836$127,090$119,793$112,921$106,451$92,707
7 years$114,411$106,730$99,549$92,839$86,573$73,454
8 years$99,099$91,488$84,425$77,880$71,821$59,323
9 years$87,196$79,656$72,715$66,337$60,484$48,600
10 years$77,679$70,213$63,395$57,183$51,535$40,253
11 years$69,898$62,507$55,812$49,766$44,322$33,629
12 years$63,418$56,103$49,532$43,652$38,408$28,289
13 years$57,939$50,700$44,253$38,538$33,493$23,931
14 years$53,247$46,085$39,762$34,210$29,360$20,337
15 years$49,184$42,100$35,900$30,509$25,851$17,349
16 years$45,633$38,626$32,548$27,317$22,847$14,847
17 years$42,503$35,573$29,618$24,544$20,258$12,739
18 years$39,723$32,871$27,037$22,120$18,012$10,955
19 years$37,239$30,464$24,751$19,987$16,055$9,439
20 years$35,006$28,309$22,715$18,102$14,340$8,146
21 years$32,989$26,369$20,894$16,429$12,833$7,040
22 years$31,157$24,614$19,257$14,937$11,503$6,092
23 years$29,487$23,021$17,780$13,604$10,326$5,276
24 years$27,959$21,569$16,444$12,407$9,281$4,574
25 years$26,555$20,242$15,230$11,331$8,351$3,968
26 years$25,261$19,024$14,125$10,361$7,523$3,445
27 years$24,065$17,904$13,116$9,483$6,782$2,992
28 years$22,956$16,871$12,193$8,689$6,120$2,600
29 years$21,926$15,916$11,347$7,968$5,526$2,261
30 years$20,966$15,031$10,569$7,312$4,993$1,966
31 years$20,070$14,209$9,854$6,716$4,514$1,710
32 years$19,232$13,444$9,194$6,172$4,083$1,488
33 years$18,446$12,732$8,584$5,676$3,696$1,296
34 years$17,708$12,067$8,020$5,222$3,346$1,128
35 years$17,013$11,446$7,499$4,807$3,030$982
36 years$16,359$10,863$7,015$4,427$2,746$855
37 years$15,741$10,318$6,566$4,079$2,489$745
38 years$15,158$9,806$6,148$3,760$2,256$649
39 years$14,605$9,324$5,760$3,467$2,046$565
40 years$14,082$8,871$5,399$3,198$1,856$493
41 years$13,585$8,445$5,063$2,950$1,684$429
42 years$13,113$8,042$4,749$2,723$1,528$374
43 years$12,665$7,663$4,456$2,513$1,386$326
44 years$12,238$7,304$4,183$2,321$1,258$284
45 years$11,831$6,965$3,928$2,143$1,142$248
46 years$11,443$6,644$3,689$1,980$1,037$216
47 years$11,073$6,341$3,466$1,829$942$188
48 years$10,719$6,053$3,257$1,690$855$164
49 years$10,380$5,780$3,061$1,562$777$143
50 years$10,056$5,522$2,878$1,444$706$125

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 $3,891 every year, while hoping to spend $30,826 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: 38/46/16 Blend
55$10,300,000$10,300,000$10,300,000$10,300,000
56$11,354,614$10,808,714$10,649,064$11,731,156
57$12,479,986$11,305,542$10,973,009$12,498,178
58$13,719,112$11,825,682$11,306,773$13,323,323
59$15,083,564$12,370,243$11,650,652$14,214,408
60$16,586,091$12,940,388$12,004,952$15,177,385
61$18,240,742$13,537,336$12,369,987$16,218,775
62$20,062,997$14,162,365$12,746,082$17,345,734
63$22,069,916$14,816,814$13,133,569$18,566,104
64$24,280,296$15,502,087$13,532,792$19,888,493
65$26,714,852$16,219,655$13,944,106$21,322,343
66$29,396,408$16,971,059$14,367,874$22,878,016
67$32,350,116$17,757,916$14,804,473$24,566,889
68$35,603,695$18,581,920$15,254,290$26,401,448
69$39,187,685$19,444,847$15,717,721$28,395,406
70$43,135,743$20,348,559$16,195,179$30,563,824
71$47,484,957$21,295,007$16,687,086$32,923,245
72$52,276,195$22,286,235$17,193,876$35,491,840
73$57,554,495$23,324,389$17,715,999$38,289,580
74$63,369,485$24,411,715$18,253,916$41,338,406
75$69,775,853$25,550,569$18,808,103$44,662,437
76$76,833,865$26,743,422$19,379,049$48,288,181
77$84,609,931$27,992,862$19,967,260$52,244,782
78$93,177,236$29,301,604$20,573,255$56,564,282
79$102,616,424$30,672,492$21,197,569$61,281,914
80$113,016,365$32,108,510$21,840,753$66,436,422
81$124,474,991$33,612,785$22,503,376$72,070,421
82$137,100,223$35,188,594$23,186,021$78,230,781
83$151,010,985$36,839,374$23,889,292$84,969,062
84$166,338,331$38,568,729$24,613,809$92,341,984
85$183,226,679$40,380,435$25,360,210$100,411,953
86$201,835,176$42,278,452$26,129,153$109,247,634
87$222,339,201$44,266,933$26,921,316$118,924,582
88$244,932,016$46,350,229$27,737,397$129,525,945
89$269,826,596$48,532,905$28,578,114$141,143,229
90$297,257,637$50,819,745$29,444,209$153,877,146
91$327,483,768$53,215,765$30,336,442$167,838,548
92$360,789,999$55,726,224$31,255,599$183,149,452
93$397,490,406$58,356,637$32,202,490$199,944,175
94$437,931,100$61,112,784$33,177,945$218,370,583
95$482,493,490$64,000,728$34,182,824$238,591,462
96$531,597,886$67,026,824$35,218,008$260,786,033
97$585,707,467$70,197,735$36,284,409$285,151,623
98$645,332,653$73,520,449$37,382,961$311,905,503
99$711,035,924$77,002,290$38,514,630$341,286,911
100$783,437,127$80,650,942$39,680,409$373,559,286