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%12.9%
1 years$858,822$851,172$843,709$836,424$829,311$819,287
2 years$425,160$417,241$409,567$402,127$394,910$384,823
3 years$280,624$272,672$265,017$257,647$250,547$240,709
4 years$208,371$200,443$192,865$185,620$178,692$169,179
5 years$165,030$157,149$149,671$142,574$135,839$126,679
6 years$136,145$128,324$120,956$114,017$107,485$98,689
7 years$115,522$107,767$100,515$93,740$87,414$78,985
8 years$100,061$92,376$85,245$78,636$72,518$64,456
9 years$88,043$80,430$73,421$66,981$61,071$53,372
10 years$78,433$70,895$64,010$57,738$52,035$44,695
11 years$70,576$63,114$56,354$50,249$44,752$37,763
12 years$64,033$56,647$50,013$44,075$38,781$32,137
13 years$58,502$51,193$44,683$38,912$33,818$27,509
14 years$53,764$46,533$40,148$34,542$29,645$23,662
15 years$49,662$42,508$36,248$30,805$26,102$20,436
16 years$46,076$39,001$32,864$27,583$23,069$17,709
17 years$42,915$35,918$29,905$24,783$20,454$15,391
18 years$40,109$33,190$27,299$22,334$18,187$13,409
19 years$37,601$30,760$24,991$20,181$16,210$11,708
20 years$35,346$28,584$22,936$18,278$14,479$10,240
21 years$33,309$26,625$21,097$16,588$12,957$8,971
22 years$31,460$24,853$19,444$15,082$11,615$7,870
23 years$29,774$23,245$17,953$13,736$10,426$6,912
24 years$28,230$21,779$16,603$12,528$9,371$6,076
25 years$26,813$20,438$15,378$11,441$8,432$5,347
26 years$25,506$19,209$14,262$10,461$7,596$4,709
27 years$24,299$18,078$13,244$9,575$6,848$4,150
28 years$23,179$17,034$12,312$8,773$6,179$3,659
29 years$22,139$16,070$11,457$8,045$5,580$3,228
30 years$21,170$15,176$10,672$7,383$5,042$2,849
31 years$20,265$14,347$9,949$6,781$4,558$2,516
32 years$19,418$13,575$9,283$6,232$4,123$2,223
33 years$18,625$12,856$8,667$5,731$3,731$1,964
34 years$17,880$12,184$8,098$5,273$3,378$1,736
35 years$17,178$11,557$7,571$4,854$3,060$1,535
36 years$16,518$10,969$7,083$4,470$2,772$1,357
37 years$15,894$10,418$6,629$4,119$2,513$1,200
38 years$15,305$9,901$6,208$3,796$2,278$1,062
39 years$14,747$9,415$5,816$3,501$2,066$939
40 years$14,218$8,957$5,452$3,229$1,874$831
41 years$13,717$8,527$5,112$2,979$1,700$736
42 years$13,241$8,120$4,795$2,749$1,543$651
43 years$12,788$7,737$4,500$2,538$1,400$576
44 years$12,357$7,375$4,224$2,343$1,271$510
45 years$11,946$7,033$3,966$2,164$1,154$451
46 years$11,554$6,709$3,725$1,999$1,047$400
47 years$11,180$6,402$3,499$1,847$951$354
48 years$10,823$6,112$3,288$1,707$864$313
49 years$10,481$5,837$3,091$1,577$784$277
50 years$10,154$5,575$2,906$1,458$713$246

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 $2,221 every year, while hoping to spend $59,825 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: 57/18/25 Blend
55$10,400,000$10,400,000$10,400,000$10,400,000
56$11,463,091$10,911,891$10,750,691$12,038,346
57$12,568,673$11,382,920$11,047,186$12,903,321
58$13,785,019$11,875,025$11,351,608$13,839,082
59$15,123,364$12,389,175$11,664,160$14,857,744
60$16,596,088$12,926,384$11,985,050$15,967,326
61$18,216,828$13,487,716$12,314,488$17,176,653
62$20,000,614$14,074,284$12,652,693$18,495,431
63$21,964,004$14,687,252$12,999,886$19,934,338
64$24,125,246$15,327,840$13,356,295$21,505,125
65$26,504,442$15,997,326$13,722,153$23,220,722
66$29,123,747$16,697,047$14,097,697$25,095,359
67$32,007,571$17,428,403$14,483,171$27,144,695
68$35,182,810$18,192,862$14,878,824$29,385,968
69$38,679,104$18,991,959$15,284,912$31,838,150
70$42,529,110$19,827,303$15,701,694$34,522,128
71$46,768,816$20,700,577$16,129,437$37,460,893
72$51,437,877$21,613,547$16,568,415$40,679,758
73$56,579,989$22,568,060$17,018,906$44,206,592
74$62,243,303$23,566,050$17,481,195$48,072,078
75$68,480,879$24,609,545$17,955,573$52,310,005
76$75,351,183$25,700,667$18,442,339$56,957,576
77$82,918,643$26,841,640$18,941,797$62,055,758
78$91,254,256$28,034,791$19,454,259$67,649,669
79$100,436,256$29,282,562$19,980,042$73,788,994
80$110,550,853$30,587,506$20,519,472$80,528,450
81$121,693,046$31,952,301$21,072,881$87,928,304
82$133,967,523$33,379,749$21,640,609$96,054,929
83$147,489,643$34,872,789$22,223,002$104,981,433
84$162,386,528$36,434,497$22,820,414$114,788,338
85$178,798,263$38,068,097$23,433,207$125,564,341
86$196,879,216$39,776,964$24,061,750$137,407,139
87$216,799,498$41,564,638$24,706,420$150,424,352
88$238,746,565$43,434,823$25,367,603$164,734,527
89$262,926,988$45,391,403$26,045,692$180,468,256
90$289,568,406$47,438,446$26,741,087$197,769,399
91$318,921,668$49,580,214$27,454,198$216,796,436
92$351,263,207$51,821,174$28,185,443$237,723,957
93$386,897,646$54,166,004$28,935,247$260,744,303
94$426,160,675$56,619,607$29,704,047$286,069,370
95$469,422,215$59,187,119$30,492,284$313,932,609
96$517,089,917$61,873,924$31,300,411$344,591,212
97$569,613,004$64,685,661$32,128,890$378,328,541
98$627,486,512$67,628,241$32,978,190$415,456,785
99$691,255,968$70,707,856$33,848,791$456,319,903
100$761,522,531$73,930,996$34,741,180$501,296,863