Can I retire at age 56 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$883,596$875,725$868,047$860,552$853,233$835,664
2 years$437,424$429,277$421,382$413,727$406,301$388,681
3 years$288,719$280,537$272,662$265,079$257,774$240,652
4 years$214,381$206,225$198,428$190,974$183,847$167,355
5 years$169,790$161,683$153,988$146,687$139,757$123,942
6 years$140,073$132,026$124,445$117,306$110,585$95,464
7 years$118,854$110,875$103,415$96,444$89,935$75,511
8 years$102,948$95,041$87,704$80,905$74,610$60,878
9 years$90,582$82,750$75,539$68,913$62,833$49,784
10 years$80,696$72,940$65,857$59,403$53,536$41,158
11 years$72,612$64,934$57,979$51,699$46,043$34,320
12 years$65,881$58,281$51,455$45,347$39,900$28,814
13 years$60,189$52,669$45,972$40,034$34,794$24,327
14 years$55,315$47,875$41,306$35,538$30,500$20,631
15 years$51,094$43,735$37,294$31,694$26,854$17,563
16 years$47,405$40,126$33,812$28,378$23,734$14,998
17 years$44,153$36,954$30,768$25,498$21,044$12,842
18 years$41,266$34,147$28,087$22,979$18,712$11,019
19 years$38,685$31,648$25,712$20,763$16,678$9,473
20 years$36,366$29,408$23,597$18,805$14,897$8,157
21 years$34,270$27,393$21,705$17,067$13,331$7,034
22 years$32,367$25,570$20,005$15,518$11,950$6,072
23 years$30,633$23,915$18,471$14,132$10,727$5,247
24 years$29,045$22,407$17,082$12,889$9,641$4,538
25 years$27,586$21,028$15,822$11,771$8,676$3,927
26 years$26,242$19,763$14,674$10,763$7,815$3,401
27 years$25,000$18,599$13,626$9,852$7,046$2,947
28 years$23,848$17,526$12,667$9,026$6,357$2,555
29 years$22,778$16,534$11,788$8,277$5,741$2,216
30 years$21,781$15,614$10,980$7,596$5,187$1,922
31 years$20,850$14,761$10,236$6,977$4,690$1,668
32 years$19,979$13,967$9,551$6,412$4,242$1,448
33 years$19,162$13,227$8,917$5,896$3,839$1,257
34 years$18,395$12,536$8,332$5,425$3,476$1,092
35 years$17,674$11,890$7,790$4,994$3,148$948
36 years$16,994$11,285$7,287$4,599$2,852$824
37 years$16,353$10,718$6,821$4,238$2,585$716
38 years$15,746$10,186$6,387$3,906$2,344$622
39 years$15,172$9,686$5,984$3,602$2,125$540
40 years$14,629$9,216$5,609$3,322$1,928$470
41 years$14,113$8,772$5,259$3,065$1,749$408
42 years$13,623$8,355$4,933$2,828$1,587$355
43 years$13,157$7,960$4,629$2,611$1,440$308
44 years$12,713$7,588$4,345$2,411$1,307$268
45 years$12,290$7,236$4,080$2,226$1,187$233
46 years$11,887$6,903$3,832$2,057$1,078$203
47 years$11,503$6,587$3,600$1,900$979$176
48 years$11,135$6,288$3,383$1,756$889$153
49 years$10,783$6,005$3,180$1,623$807$133
50 years$10,447$5,736$2,990$1,500$733$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,700,000, adding $3,515 every year, while hoping to spend $34,915 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: 70/17/13 Blend
55$10,700,000$10,700,000$10,700,000$10,700,000
56$11,795,026$11,227,926$11,062,076$12,586,899
57$12,960,969$11,740,945$11,395,506$13,626,021
58$14,244,668$12,277,932$11,738,936$14,758,268
59$15,658,098$12,840,024$12,092,664$15,996,452
60$17,214,452$13,428,413$12,456,996$17,351,006
61$18,928,271$14,044,350$12,832,250$18,833,410
62$20,815,573$14,689,142$13,218,749$20,456,301
63$22,894,015$15,364,163$13,616,830$22,233,586
64$25,183,048$16,070,850$14,026,837$24,180,574
65$27,704,108$16,810,711$14,449,126$26,314,118
66$30,480,816$17,585,325$14,884,061$28,652,770
67$33,539,202$18,396,349$15,332,020$31,216,954
68$36,907,948$19,245,517$15,793,389$34,029,158
69$40,618,659$20,134,648$16,268,569$37,114,141
70$44,706,166$21,065,649$16,757,969$40,499,165
71$49,208,846$22,040,518$17,262,013$44,214,249
72$54,168,994$23,061,348$17,781,135$48,292,451
73$59,633,213$24,130,336$18,315,785$52,770,172
74$65,652,861$25,249,783$18,866,424$57,687,501
75$72,284,530$26,422,099$19,433,527$63,088,590
76$79,590,584$27,649,814$20,017,582$69,022,061
77$87,639,747$28,935,578$20,619,094$75,541,469
78$96,507,748$30,282,168$21,238,580$82,705,796
79$106,278,040$31,692,497$21,876,575$90,580,010
80$117,042,587$33,169,616$22,533,627$99,235,670
81$128,902,730$34,716,726$23,210,303$108,751,596
82$141,970,145$36,337,182$23,907,184$119,214,611
83$156,367,894$38,034,498$24,624,869$130,720,356
84$172,231,593$39,812,363$25,363,976$143,374,183
85$189,710,686$41,674,639$26,125,140$157,292,149
86$208,969,857$43,625,378$26,909,013$172,602,101
87$230,190,588$45,668,826$27,716,270$189,444,881
88$253,572,866$47,809,437$28,547,603$207,975,649
89$279,337,076$50,051,876$29,403,725$228,365,336
90$307,726,078$52,401,039$30,285,371$250,802,257
91$339,007,501$54,862,053$31,193,294$275,493,878
92$373,476,271$57,440,299$32,128,274$302,668,767
93$411,457,391$60,141,413$33,091,112$332,578,746
94$453,309,011$62,971,309$34,082,630$365,501,257
95$499,425,809$65,936,182$35,103,677$401,741,974
96$550,242,719$69,042,532$36,155,127$441,637,680
97$606,239,030$72,297,170$37,237,878$485,559,438
98$667,942,919$75,707,240$38,352,855$533,916,079
99$735,936,432$79,280,229$39,501,011$587,158,057
100$810,860,978$83,023,990$40,683,324$645,781,688