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

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$867,080$859,357$851,821$844,466$837,285$815,390
2 years$429,248$421,253$413,506$405,993$398,707$376,797
3 years$283,323$275,294$267,565$260,124$252,956$231,717
4 years$210,374$202,370$194,719$187,405$180,410$160,006
5 years$166,617$158,661$151,110$143,945$137,145$117,631
6 years$137,455$129,558$122,119$115,114$108,518$89,914
7 years$116,633$108,803$101,482$94,641$88,254$70,561
8 years$101,023$93,264$86,065$79,392$73,216$56,425
9 years$88,889$81,203$74,127$67,625$61,658$45,755
10 years$79,187$71,577$64,626$58,293$52,536$37,500
11 years$71,255$63,720$56,896$50,732$45,183$30,992
12 years$64,649$57,192$50,493$44,499$39,154$25,784
13 years$59,064$51,685$45,113$39,286$34,143$21,565
14 years$54,281$46,980$40,534$34,874$29,930$18,115
15 years$50,139$42,917$36,597$31,101$26,353$15,271
16 years$46,519$39,376$33,180$27,848$23,290$12,912
17 years$43,328$36,264$30,193$25,021$20,651$10,944
18 years$40,494$33,509$27,562$22,549$18,362$9,295
19 years$37,962$31,056$25,232$20,375$16,366$7,908
20 years$35,686$28,859$23,156$18,453$14,619$6,737
21 years$33,630$26,881$21,299$16,748$13,082$5,747
22 years$31,762$25,092$19,631$15,227$11,726$4,908
23 years$30,060$23,468$18,125$13,868$10,526$4,195
24 years$28,502$21,988$16,763$12,648$9,461$3,588
25 years$27,071$20,635$15,526$11,551$8,514$3,071
26 years$25,752$19,393$14,399$10,562$7,669$2,630
27 years$24,532$18,251$13,371$9,668$6,914$2,253
28 years$23,402$17,198$12,430$8,858$6,239$1,931
29 years$22,352$16,225$11,567$8,123$5,633$1,655
30 years$21,373$15,322$10,775$7,454$5,090$1,420
31 years$20,460$14,485$10,045$6,846$4,602$1,218
32 years$19,605$13,706$9,372$6,292$4,163$1,045
33 years$18,804$12,979$8,751$5,786$3,767$897
34 years$18,051$12,301$8,176$5,324$3,411$770
35 years$17,344$11,668$7,644$4,901$3,089$661
36 years$16,676$11,074$7,151$4,513$2,799$567
37 years$16,047$10,518$6,693$4,158$2,537$487
38 years$15,452$9,996$6,268$3,833$2,300$418
39 years$14,889$9,505$5,872$3,534$2,086$359
40 years$14,355$9,043$5,504$3,260$1,892$308
41 years$13,849$8,608$5,161$3,008$1,716$265
42 years$13,368$8,198$4,841$2,776$1,557$227
43 years$12,911$7,811$4,543$2,562$1,413$195
44 years$12,475$7,446$4,264$2,366$1,283$168
45 years$12,061$7,100$4,004$2,185$1,165$144
46 years$11,665$6,773$3,761$2,018$1,057$124
47 years$11,288$6,464$3,533$1,865$960$106
48 years$10,927$6,171$3,320$1,723$872$91
49 years$10,582$5,893$3,121$1,592$792$78
50 years$10,252$5,629$2,934$1,472$719$67

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 $4,739 every year, while hoping to spend $56,949 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: 27/46/27 Blend
55$10,500,000$10,500,000$10,500,000$10,500,000
56$11,575,888$11,019,388$10,856,638$11,790,787
57$12,696,036$11,498,745$11,159,742$12,443,836
58$13,928,529$11,999,682$11,471,092$13,139,267
59$15,284,768$12,523,195$11,790,903$13,884,777
60$16,777,313$13,070,330$12,119,396$14,684,668
61$18,420,003$13,642,180$12,456,799$15,543,648
62$20,228,086$14,239,889$12,803,345$16,466,874
63$22,218,364$14,864,658$13,159,271$17,459,988
64$24,409,352$15,517,741$13,524,821$18,529,175
65$26,821,450$16,200,454$13,900,246$19,681,207
66$29,477,135$16,914,173$14,285,802$20,923,510
67$32,401,177$17,660,342$14,681,750$22,264,222
68$35,620,868$18,440,470$15,088,360$23,712,268
69$39,166,283$19,256,139$15,505,907$25,277,437
70$43,070,561$20,109,007$15,934,672$26,970,467
71$47,370,219$21,000,809$16,374,944$28,803,142
72$52,105,496$21,933,363$16,827,019$30,788,395
73$57,320,731$22,908,573$17,291,199$32,940,420
74$63,064,786$23,928,433$17,767,794$35,274,806
75$69,391,500$24,995,032$18,257,121$37,808,669
76$76,360,204$26,110,560$18,759,506$40,560,809
77$84,036,274$27,277,307$19,275,279$43,551,876
78$92,491,755$28,497,675$19,804,781$46,804,562
79$101,806,033$29,774,181$20,348,361$50,343,797
80$112,066,592$31,109,460$20,906,375$54,196,983
81$123,369,833$32,506,272$21,479,187$58,394,238
82$135,821,987$33,967,509$22,067,170$62,968,668
83$149,540,115$35,496,203$22,670,706$67,956,675
84$164,653,218$37,095,528$23,290,186$73,398,281
85$181,303,448$38,768,810$23,926,008$79,337,500
86$199,647,452$40,519,535$24,578,582$85,822,736
87$219,857,853$42,351,353$25,248,326$92,907,231
88$242,124,876$44,268,091$25,935,666$100,649,548
89$266,658,142$46,273,757$26,641,040$109,114,116
90$293,688,653$48,372,551$27,364,895$118,371,819
91$323,470,963$50,568,874$28,107,687$128,500,648
92$356,285,591$52,867,338$28,869,885$139,586,425
93$392,441,660$55,272,776$29,651,964$151,723,591
94$432,279,818$57,790,251$30,454,413$165,016,083
95$476,175,455$60,425,069$31,277,732$179,578,294
96$524,542,244$63,182,790$32,122,429$195,536,135
97$577,836,048$66,069,242$32,989,025$213,028,200
98$636,559,221$69,090,531$33,878,054$232,207,054
99$701,265,350$72,253,055$34,790,057$253,240,653
100$772,564,483$75,563,522$35,725,591$276,313,901