Can I retire at age 56 with 10,600,000?

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 $10,600,000?

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$875,338$867,541$859,934$852,509$845,259$812,364
2 years$433,336$425,265$417,444$409,860$402,504$369,761
3 years$286,021$277,916$270,114$262,601$255,365$223,803
4 years$212,378$204,297$196,574$189,189$182,129$151,989
5 years$168,204$160,172$152,549$145,316$138,451$109,811
6 years$138,764$130,792$123,282$116,210$109,552$82,430
7 years$117,743$109,839$102,448$95,543$89,095$63,482
8 years$101,985$94,152$86,884$80,148$73,913$49,784
9 years$89,736$81,977$74,833$68,269$62,245$39,565
10 years$79,942$72,258$65,241$58,848$53,036$31,761
11 years$71,933$64,327$57,438$51,216$45,613$25,695
12 years$65,265$57,737$50,974$44,923$39,527$20,914
13 years$59,627$52,177$45,542$39,660$34,468$17,104
14 years$54,798$47,428$40,920$35,206$30,215$14,042
15 years$50,617$43,326$36,945$31,398$26,603$11,564
16 years$46,962$39,751$33,496$28,113$23,512$9,547
17 years$43,741$36,609$30,480$25,259$20,848$7,898
18 years$40,880$33,828$27,824$22,764$18,537$6,545
19 years$38,324$31,352$25,472$20,569$16,522$5,432
20 years$36,026$29,134$23,377$18,629$14,758$4,512
21 years$33,950$27,137$21,502$16,907$13,207$3,752
22 years$32,065$25,331$19,818$15,373$11,838$3,123
23 years$30,346$23,692$18,298$14,000$10,626$2,600
24 years$28,773$22,198$16,923$12,769$9,551$2,167
25 years$27,328$20,831$15,674$11,661$8,595$1,806
26 years$25,997$19,578$14,537$10,662$7,742$1,506
27 years$24,766$18,425$13,499$9,760$6,980$1,256
28 years$23,625$17,362$12,549$8,942$6,298$1,048
29 years$22,565$16,379$11,678$8,200$5,687$875
30 years$21,577$15,468$10,877$7,525$5,139$730
31 years$20,655$14,623$10,141$6,912$4,646$609
32 years$19,792$13,836$9,461$6,352$4,202$509
33 years$18,983$13,103$8,834$5,841$3,803$425
34 years$18,223$12,419$8,254$5,374$3,443$355
35 years$17,509$11,779$7,717$4,947$3,119$296
36 years$16,835$11,180$7,219$4,556$2,826$247
37 years$16,200$10,618$6,757$4,198$2,561$207
38 years$15,599$10,091$6,328$3,869$2,322$173
39 years$15,031$9,596$5,928$3,568$2,106$144
40 years$14,492$9,130$5,556$3,291$1,910$120
41 years$13,981$8,690$5,210$3,036$1,733$101
42 years$13,495$8,277$4,887$2,802$1,572$84
43 years$13,034$7,886$4,586$2,587$1,427$70
44 years$12,594$7,517$4,305$2,388$1,295$59
45 years$12,176$7,168$4,042$2,206$1,176$49
46 years$11,776$6,838$3,796$2,037$1,068$41
47 years$11,395$6,526$3,567$1,882$969$34
48 years$11,031$6,230$3,352$1,739$880$29
49 years$10,683$5,949$3,150$1,607$800$24
50 years$10,349$5,683$2,962$1,486$726$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,600,000, adding $5,182 every year, while hoping to spend $44,673 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: 37/35/28 Blend
55$10,600,000$10,600,000$10,600,000$10,600,000
56$11,686,545$11,124,745$10,960,445$12,020,912
57$12,831,041$11,622,326$11,280,088$12,766,153
58$14,090,778$12,142,791$11,608,942$13,566,147
59$15,477,464$12,687,214$11,947,269$14,429,443
60$17,003,999$13,256,721$12,295,336$15,361,793
61$18,684,597$13,852,491$12,653,420$16,369,505
62$20,534,922$14,475,758$13,021,805$17,459,501
63$22,572,231$15,127,818$13,400,782$18,639,377
64$24,815,542$15,810,024$13,790,652$19,917,474
65$27,285,810$16,523,798$14,191,722$21,302,944
66$30,006,127$17,270,629$14,604,308$22,805,843
67$33,001,937$18,052,075$15,028,738$24,437,211
68$36,301,278$18,869,769$15,465,344$26,209,177
69$39,935,045$19,725,425$15,914,470$28,135,067
70$43,937,285$20,620,836$16,376,470$30,229,523
71$48,345,512$21,557,881$16,851,706$32,508,638
72$53,201,067$22,538,530$17,340,551$34,990,098
73$58,549,505$23,564,847$17,843,388$37,693,346
74$64,441,024$24,638,994$18,360,611$40,639,759
75$70,930,941$25,763,238$18,892,624$43,852,841
76$78,080,213$26,939,952$19,439,843$47,358,438
77$85,956,012$28,171,627$20,002,695$51,184,977
78$94,632,358$29,460,870$20,581,618$55,363,724
79$104,190,820$30,810,414$21,177,064$59,929,071
80$114,721,282$32,223,123$21,789,494$64,918,854
81$126,322,797$33,702,000$22,419,386$70,374,699
82$139,104,514$35,250,190$23,067,227$76,342,409
83$153,186,715$36,870,989$23,733,520$82,872,383
84$168,701,947$38,567,855$24,418,780$90,020,084
85$185,796,274$40,344,408$25,123,537$97,846,551
86$204,630,654$42,204,444$25,848,336$106,418,965
87$225,382,460$44,151,942$26,593,735$115,811,270
88$248,247,154$46,191,070$27,360,308$126,104,862
89$273,440,131$48,326,200$28,148,646$137,389,340
90$301,198,752$50,561,911$28,959,353$149,763,344
91$331,784,586$52,903,006$29,793,053$163,335,469
92$365,485,878$55,354,517$30,650,384$178,225,276
93$402,620,268$57,921,719$31,532,002$194,564,408
94$443,537,792$60,610,141$32,438,581$212,497,813
95$488,624,188$63,425,578$33,370,814$232,185,101
96$538,304,530$66,374,106$34,329,412$253,802,027
97$593,047,249$69,462,094$35,315,104$277,542,140
98$653,368,547$72,696,216$36,328,639$303,618,584
99$719,837,279$76,083,470$37,370,788$332,266,095
100$793,080,313$79,631,192$38,442,341$363,743,196