Can I retire at age 56 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$867,080$859,357$851,821$844,466$837,285$804,700
2 years$429,248$421,253$413,506$405,993$398,707$366,272
3 years$283,323$275,294$267,565$260,124$252,956$221,692
4 years$210,374$202,370$194,719$187,405$180,410$150,555
5 years$166,617$158,661$151,110$143,945$137,145$108,775
6 years$137,455$129,558$122,119$115,114$108,518$81,652
7 years$116,633$108,803$101,482$94,641$88,254$62,884
8 years$101,023$93,264$86,065$79,392$73,216$49,315
9 years$88,889$81,203$74,127$67,625$61,658$39,192
10 years$79,187$71,577$64,626$58,293$52,536$31,462
11 years$71,255$63,720$56,896$50,732$45,183$25,453
12 years$64,649$57,192$50,493$44,499$39,154$20,716
13 years$59,064$51,685$45,113$39,286$34,143$16,942
14 years$54,281$46,980$40,534$34,874$29,930$13,909
15 years$50,139$42,917$36,597$31,101$26,353$11,455
16 years$46,519$39,376$33,180$27,848$23,290$9,457
17 years$43,328$36,264$30,193$25,021$20,651$7,824
18 years$40,494$33,509$27,562$22,549$18,362$6,484
19 years$37,962$31,056$25,232$20,375$16,366$5,380
20 years$35,686$28,859$23,156$18,453$14,619$4,470
21 years$33,630$26,881$21,299$16,748$13,082$3,717
22 years$31,762$25,092$19,631$15,227$11,726$3,093
23 years$30,060$23,468$18,125$13,868$10,526$2,576
24 years$28,502$21,988$16,763$12,648$9,461$2,146
25 years$27,071$20,635$15,526$11,551$8,514$1,789
26 years$25,752$19,393$14,399$10,562$7,669$1,492
27 years$24,532$18,251$13,371$9,668$6,914$1,244
28 years$23,402$17,198$12,430$8,858$6,239$1,038
29 years$22,352$16,225$11,567$8,123$5,633$866
30 years$21,373$15,322$10,775$7,454$5,090$723
31 years$20,460$14,485$10,045$6,846$4,602$604
32 years$19,605$13,706$9,372$6,292$4,163$504
33 years$18,804$12,979$8,751$5,786$3,767$421
34 years$18,051$12,301$8,176$5,324$3,411$351
35 years$17,344$11,668$7,644$4,901$3,089$294
36 years$16,676$11,074$7,151$4,513$2,799$245
37 years$16,047$10,518$6,693$4,158$2,537$205
38 years$15,452$9,996$6,268$3,833$2,300$171
39 years$14,889$9,505$5,872$3,534$2,086$143
40 years$14,355$9,043$5,504$3,260$1,892$119
41 years$13,849$8,608$5,161$3,008$1,716$100
42 years$13,368$8,198$4,841$2,776$1,557$83
43 years$12,911$7,811$4,543$2,562$1,413$70
44 years$12,475$7,446$4,264$2,366$1,283$58
45 years$12,061$7,100$4,004$2,185$1,165$49
46 years$11,665$6,773$3,761$2,018$1,057$41
47 years$11,288$6,464$3,533$1,865$960$34
48 years$10,927$6,171$3,320$1,723$872$28
49 years$10,582$5,893$3,121$1,592$792$24
50 years$10,252$5,629$2,934$1,472$719$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,500,000, adding $2,771 every year, while hoping to spend $55,175 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: 60/15/25 Blend
55$10,500,000$10,500,000$10,500,000$10,500,000
56$11,573,858$11,017,358$10,854,608$12,190,556
57$12,695,686$11,498,503$11,159,532$13,091,537
58$13,930,091$12,001,375$11,472,821$14,067,941
59$15,288,498$12,526,980$11,794,698$15,132,135
60$16,783,495$13,076,372$12,125,391$16,292,668
61$18,428,951$13,650,654$12,465,132$17,558,944
62$20,240,151$14,250,983$12,814,160$18,941,312
63$22,233,934$14,878,569$13,172,722$20,451,162
64$24,428,856$15,534,679$13,541,068$22,101,026
65$26,845,361$16,220,640$13,919,457$23,904,698
66$29,505,981$16,937,844$14,308,151$25,877,363
67$32,435,539$17,687,746$14,707,422$28,035,733
68$35,661,390$18,471,872$15,117,547$30,398,208
69$39,213,677$19,291,819$15,538,810$32,985,043
70$43,125,614$20,149,260$15,971,502$35,818,537
71$47,433,801$21,045,949$16,415,922$38,923,244
72$52,178,568$21,983,720$16,872,375$42,326,199
73$57,404,358$22,964,497$17,341,175$46,057,168
74$63,160,140$23,990,296$17,822,642$50,148,934
75$69,499,879$25,063,225$18,317,105$54,637,593
76$76,483,040$26,185,496$18,824,901$59,562,898
77$84,175,149$27,359,425$19,346,375$64,968,631
78$92,648,415$28,587,438$19,881,880$70,903,008
79$101,982,408$29,872,076$20,431,777$77,419,134
80$112,264,809$31,216,004$20,996,437$84,575,500
81$123,592,241$32,622,009$21,576,239$92,436,530
82$136,071,179$34,093,017$22,171,572$101,073,185
83$149,818,953$35,632,088$22,782,833$110,563,630
84$164,964,858$37,242,432$23,410,430$120,993,964
85$181,651,372$38,927,411$24,054,779$132,459,031
86$200,035,505$40,690,547$24,716,307$145,063,310
87$220,290,274$42,535,530$25,395,450$158,921,894
88$242,606,340$44,466,229$26,092,655$174,161,574
89$267,193,808$46,486,696$26,808,381$190,922,026
90$294,284,209$48,601,177$27,543,094$209,357,128
91$324,132,684$50,814,121$28,297,274$229,636,404
92$357,020,397$53,130,191$29,071,411$251,946,619
93$393,257,180$55,554,274$29,866,007$276,493,534
94$433,184,467$58,091,488$30,681,573$303,503,844
95$477,178,512$60,747,200$31,518,635$333,227,307
96$525,653,941$63,527,033$32,377,729$365,939,097
97$579,067,664$66,436,879$33,259,405$401,942,395
98$637,923,193$69,482,914$34,164,222$441,571,239
99$702,775,392$72,671,609$35,092,756$485,193,671
100$774,235,711$76,009,748$36,045,593$533,215,203