Can I retire at age 56 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$858,822$851,172$843,709$836,424$829,311$822,362
2 years$425,160$417,241$409,567$402,127$394,910$387,907
3 years$280,624$272,672$265,017$257,647$250,547$243,706
4 years$208,371$200,443$192,865$185,620$178,692$172,066
5 years$165,030$157,149$149,671$142,574$135,839$129,448
6 years$136,145$128,324$120,956$114,017$107,485$101,336
7 years$115,522$107,767$100,515$93,740$87,414$81,511
8 years$100,061$92,376$85,245$78,636$72,518$66,860
9 years$88,043$80,430$73,421$66,981$61,071$55,657
10 years$78,433$70,895$64,010$57,738$52,035$46,862
11 years$70,576$63,114$56,354$50,249$44,752$39,815
12 years$64,033$56,647$50,013$44,075$38,781$34,076
13 years$58,502$51,193$44,683$38,912$33,818$29,340
14 years$53,764$46,533$40,148$34,542$29,645$25,387
15 years$49,662$42,508$36,248$30,805$26,102$22,059
16 years$46,076$39,001$32,864$27,583$23,069$19,235
17 years$42,915$35,918$29,905$24,783$20,454$16,823
18 years$40,109$33,190$27,299$22,334$18,187$14,751
19 years$37,601$30,760$24,991$20,181$16,210$12,963
20 years$35,346$28,584$22,936$18,278$14,479$11,413
21 years$33,309$26,625$21,097$16,588$12,957$10,066
22 years$31,460$24,853$19,444$15,082$11,615$8,890
23 years$29,774$23,245$17,953$13,736$10,426$7,862
24 years$28,230$21,779$16,603$12,528$9,371$6,960
25 years$26,813$20,438$15,378$11,441$8,432$6,168
26 years$25,506$19,209$14,262$10,461$7,596$5,470
27 years$24,299$18,078$13,244$9,575$6,848$4,855
28 years$23,179$17,034$12,312$8,773$6,179$4,312
29 years$22,139$16,070$11,457$8,045$5,580$3,832
30 years$21,170$15,176$10,672$7,383$5,042$3,408
31 years$20,265$14,347$9,949$6,781$4,558$3,031
32 years$19,418$13,575$9,283$6,232$4,123$2,698
33 years$18,625$12,856$8,667$5,731$3,731$2,402
34 years$17,880$12,184$8,098$5,273$3,378$2,139
35 years$17,178$11,557$7,571$4,854$3,060$1,905
36 years$16,518$10,969$7,083$4,470$2,772$1,697
37 years$15,894$10,418$6,629$4,119$2,513$1,513
38 years$15,305$9,901$6,208$3,796$2,278$1,349
39 years$14,747$9,415$5,816$3,501$2,066$1,202
40 years$14,218$8,957$5,452$3,229$1,874$1,072
41 years$13,717$8,527$5,112$2,979$1,700$956
42 years$13,241$8,120$4,795$2,749$1,543$853
43 years$12,788$7,737$4,500$2,538$1,400$761
44 years$12,357$7,375$4,224$2,343$1,271$679
45 years$11,946$7,033$3,966$2,164$1,154$605
46 years$11,554$6,709$3,725$1,999$1,047$540
47 years$11,180$6,402$3,499$1,847$951$482
48 years$10,823$6,112$3,288$1,707$864$430
49 years$10,481$5,837$3,091$1,577$784$384
50 years$10,154$5,575$2,906$1,458$713$343

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,400,000, adding $3,122 every year, while hoping to spend $59,982 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: 75/6/19 Blend
55$10,400,000$10,400,000$10,400,000$10,400,000
56$11,464,020$10,912,820$10,751,620$12,272,831
57$12,569,530$11,383,728$11,047,979$13,280,121
58$13,785,791$11,875,700$11,352,256$14,376,247
59$15,124,038$12,389,705$11,664,652$15,576,181
60$16,596,646$12,926,757$11,985,374$16,890,256
61$18,217,254$13,487,919$12,314,635$18,329,853
62$20,000,889$14,074,301$12,652,649$19,907,503
63$21,964,106$14,687,069$12,999,640$21,637,008
64$24,125,150$15,327,440$13,355,833$23,533,568
65$26,504,123$15,996,692$13,721,461$25,613,923
66$29,123,175$16,696,161$14,096,761$27,896,510
67$32,006,712$17,427,247$14,481,976$30,401,639
68$35,181,629$18,191,414$14,877,355$33,151,678
69$38,677,559$18,990,198$15,283,150$36,171,267
70$42,527,158$19,825,205$15,699,624$39,487,547
71$46,766,407$20,698,119$16,127,040$43,130,415
72$51,434,956$21,610,702$16,565,671$47,132,807
73$56,576,496$22,564,801$17,015,796$51,531,004
74$62,239,172$23,562,349$17,477,697$56,364,975
75$68,476,033$24,605,371$17,951,667$61,678,753
76$75,345,542$25,695,987$18,438,001$67,520,846
77$82,912,116$26,836,419$18,937,003$73,944,696
78$91,246,743$28,028,995$19,448,984$81,009,181
79$100,427,646$29,276,151$19,974,260$88,779,170
80$110,541,024$30,580,440$20,513,155$97,326,130
81$121,681,864$31,944,537$21,066,001$106,728,802
82$133,954,837$33,371,242$21,633,135$117,073,940
83$147,475,289$34,863,491$22,214,903$128,457,129
84$162,370,323$36,424,358$22,811,658$140,983,684
85$178,780,007$38,057,062$23,423,760$154,769,644
86$196,858,688$39,764,979$24,051,576$169,942,862
87$216,776,453$41,551,641$24,695,482$186,644,212
88$238,720,732$43,420,753$25,355,862$205,028,914
89$262,898,070$45,376,192$26,033,106$225,267,997
90$289,536,073$47,422,025$26,727,615$247,549,913
91$318,885,557$49,562,510$27,439,795$272,082,312
92$351,222,919$51,802,107$28,170,063$299,093,995
93$386,852,738$54,145,493$28,918,842$328,837,079
94$426,110,660$56,597,564$29,686,565$361,589,365
95$469,366,556$59,163,453$30,473,674$397,656,964
96$517,028,021$61,848,539$31,280,618$437,377,180
97$569,544,216$64,658,454$32,107,856$481,121,691
98$627,410,113$67,599,105$32,955,856$529,300,053
99$691,171,161$70,676,678$33,825,094$582,363,565
100$761,428,441$73,897,656$34,716,056$640,809,523