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%14.6%
1 years$883,596$875,725$868,047$860,552$853,233$837,033
2 years$437,424$429,277$421,382$413,727$406,301$390,043
3 years$288,719$280,537$272,662$265,079$257,774$241,965
4 years$214,381$206,225$198,428$190,974$183,847$168,608
5 years$169,790$161,683$153,988$146,687$139,757$125,132
6 years$140,073$132,026$124,445$117,306$110,585$96,590
7 years$118,854$110,875$103,415$96,444$89,935$76,574
8 years$102,948$95,041$87,704$80,905$74,610$61,879
9 years$90,582$82,750$75,539$68,913$62,833$50,724
10 years$80,696$72,940$65,857$59,403$53,536$42,038
11 years$72,612$64,934$57,979$51,699$46,043$35,143
12 years$65,881$58,281$51,455$45,347$39,900$29,582
13 years$60,189$52,669$45,972$40,034$34,794$25,041
14 years$55,315$47,875$41,306$35,538$30,500$21,295
15 years$51,094$43,735$37,294$31,694$26,854$18,178
16 years$47,405$40,126$33,812$28,378$23,734$15,567
17 years$44,153$36,954$30,768$25,498$21,044$13,367
18 years$41,266$34,147$28,087$22,979$18,712$11,504
19 years$38,685$31,648$25,712$20,763$16,678$9,919
20 years$36,366$29,408$23,597$18,805$14,897$8,567
21 years$34,270$27,393$21,705$17,067$13,331$7,409
22 years$32,367$25,570$20,005$15,518$11,950$6,416
23 years$30,633$23,915$18,471$14,132$10,727$5,561
24 years$29,045$22,407$17,082$12,889$9,641$4,825
25 years$27,586$21,028$15,822$11,771$8,676$4,189
26 years$26,242$19,763$14,674$10,763$7,815$3,639
27 years$25,000$18,599$13,626$9,852$7,046$3,164
28 years$23,848$17,526$12,667$9,026$6,357$2,752
29 years$22,778$16,534$11,788$8,277$5,741$2,394
30 years$21,781$15,614$10,980$7,596$5,187$2,084
31 years$20,850$14,761$10,236$6,977$4,690$1,815
32 years$19,979$13,967$9,551$6,412$4,242$1,580
33 years$19,162$13,227$8,917$5,896$3,839$1,377
34 years$18,395$12,536$8,332$5,425$3,476$1,200
35 years$17,674$11,890$7,790$4,994$3,148$1,046
36 years$16,994$11,285$7,287$4,599$2,852$911
37 years$16,353$10,718$6,821$4,238$2,585$794
38 years$15,746$10,186$6,387$3,906$2,344$693
39 years$15,172$9,686$5,984$3,602$2,125$604
40 years$14,629$9,216$5,609$3,322$1,928$527
41 years$14,113$8,772$5,259$3,065$1,749$459
42 years$13,623$8,355$4,933$2,828$1,587$401
43 years$13,157$7,960$4,629$2,611$1,440$349
44 years$12,713$7,588$4,345$2,411$1,307$305
45 years$12,290$7,236$4,080$2,226$1,187$266
46 years$11,887$6,903$3,832$2,057$1,078$232
47 years$11,503$6,587$3,600$1,900$979$202
48 years$11,135$6,288$3,383$1,756$889$177
49 years$10,783$6,005$3,180$1,623$807$154
50 years$10,447$5,736$2,990$1,500$733$134

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 $5,358 every year, while hoping to spend $47,712 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: 61/20/19 Blend
55$10,700,000$10,700,000$10,700,000$10,700,000
56$11,796,927$11,229,827$11,063,977$12,458,292
57$12,949,448$11,729,323$11,383,855$13,405,060
58$14,217,928$12,251,696$11,712,850$14,432,079
59$15,614,142$12,798,015$12,051,216$15,551,833
60$17,151,070$13,369,402$12,399,217$16,773,332
61$18,843,009$13,967,033$12,757,120$18,106,487
62$20,705,715$14,592,137$13,125,203$19,562,203
63$22,756,550$15,246,004$13,503,750$21,152,476
64$25,014,644$15,929,984$13,893,051$22,890,508
65$27,501,077$16,645,492$14,293,408$24,790,823
66$30,239,076$17,394,011$14,705,127$26,869,408
67$33,254,238$18,177,093$15,128,524$29,143,857
68$36,574,765$18,996,366$15,563,925$31,633,533
69$40,231,737$19,853,534$16,011,662$34,359,753
70$44,259,400$20,750,383$16,472,079$37,345,979
71$48,695,491$21,688,784$16,945,526$40,618,041
72$53,581,596$22,670,699$17,432,365$44,204,376
73$58,963,536$23,698,181$17,932,967$48,136,290
74$64,891,808$24,773,383$18,447,713$52,448,254
75$71,422,054$25,898,560$18,976,993$57,178,223
76$78,615,591$27,076,077$19,521,209$62,367,989
77$86,539,986$28,308,410$20,080,774$68,063,574
78$95,269,696$29,598,153$20,656,112$74,315,657
79$104,886,769$30,948,026$21,247,655$81,180,048
80$115,481,619$32,360,880$21,855,852$88,718,212
81$127,153,882$33,839,700$22,481,160$96,997,841
82$140,013,348$35,387,616$23,124,050$106,093,489
83$154,181,008$37,007,908$23,785,004$116,087,271
84$169,790,188$38,704,012$24,464,518$127,069,630
85$186,987,810$40,479,531$25,163,102$139,140,187
86$205,935,778$42,338,240$25,881,278$152,408,670
87$226,812,508$44,284,095$26,619,582$166,995,951
88$249,814,610$46,321,241$27,378,564$183,035,173
89$275,158,744$48,454,026$28,158,790$200,673,002
90$303,083,666$50,687,003$28,960,839$220,071,004
91$333,852,480$53,024,946$29,785,307$241,407,162
92$367,755,122$55,472,858$30,632,804$264,877,547
93$405,111,100$58,035,983$31,503,958$290,698,160
94$446,272,503$60,719,817$32,399,411$319,106,966
95$491,627,331$63,530,121$33,319,824$350,366,122
96$541,603,155$66,472,933$34,265,875$384,764,451
97$596,671,153$69,554,583$35,238,258$422,620,153
98$657,350,559$72,781,706$36,237,687$464,283,800
99$724,213,560$76,161,253$37,264,894$510,141,630
100$797,890,705$79,700,516$38,320,630$560,619,188