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%20%
1 years$883,596$875,725$868,047$860,552$853,233$819,057
2 years$437,424$429,277$421,382$413,727$406,301$372,298
3 years$288,719$280,537$272,662$265,079$257,774$225,016
4 years$214,381$206,225$198,428$190,974$183,847$152,581
5 years$169,790$161,683$153,988$146,687$139,757$110,065
6 years$140,073$132,026$124,445$117,306$110,585$82,484
7 years$118,854$110,875$103,415$96,444$89,935$63,415
8 years$102,948$95,041$87,704$80,905$74,610$49,643
9 years$90,582$82,750$75,539$68,913$62,833$39,380
10 years$80,696$72,940$65,857$59,403$53,536$31,552
11 years$72,612$64,934$57,979$51,699$46,043$25,476
12 years$65,881$58,281$51,455$45,347$39,900$20,693
13 years$60,189$52,669$45,972$40,034$34,794$16,889
14 years$55,315$47,875$41,306$35,538$30,500$13,836
15 years$51,094$43,735$37,294$31,694$26,854$11,370
16 years$47,405$40,126$33,812$28,378$23,734$9,367
17 years$44,153$36,954$30,768$25,498$21,044$7,732
18 years$41,266$34,147$28,087$22,979$18,712$6,393
19 years$38,685$31,648$25,712$20,763$16,678$5,293
20 years$36,366$29,408$23,597$18,805$14,897$4,387
21 years$34,270$27,393$21,705$17,067$13,331$3,640
22 years$32,367$25,570$20,005$15,518$11,950$3,022
23 years$30,633$23,915$18,471$14,132$10,727$2,511
24 years$29,045$22,407$17,082$12,889$9,641$2,087
25 years$27,586$21,028$15,822$11,771$8,676$1,735
26 years$26,242$19,763$14,674$10,763$7,815$1,444
27 years$25,000$18,599$13,626$9,852$7,046$1,201
28 years$23,848$17,526$12,667$9,026$6,357$1,000
29 years$22,778$16,534$11,788$8,277$5,741$832
30 years$21,781$15,614$10,980$7,596$5,187$693
31 years$20,850$14,761$10,236$6,977$4,690$577
32 years$19,979$13,967$9,551$6,412$4,242$481
33 years$19,162$13,227$8,917$5,896$3,839$400
34 years$18,395$12,536$8,332$5,425$3,476$333
35 years$17,674$11,890$7,790$4,994$3,148$278
36 years$16,994$11,285$7,287$4,599$2,852$231
37 years$16,353$10,718$6,821$4,238$2,585$193
38 years$15,746$10,186$6,387$3,906$2,344$161
39 years$15,172$9,686$5,984$3,602$2,125$134
40 years$14,629$9,216$5,609$3,322$1,928$112
41 years$14,113$8,772$5,259$3,065$1,749$93
42 years$13,623$8,355$4,933$2,828$1,587$77
43 years$13,157$7,960$4,629$2,611$1,440$65
44 years$12,713$7,588$4,345$2,411$1,307$54
45 years$12,290$7,236$4,080$2,226$1,187$45
46 years$11,887$6,903$3,832$2,057$1,078$37
47 years$11,503$6,587$3,600$1,900$979$31
48 years$11,135$6,288$3,383$1,756$889$26
49 years$10,783$6,005$3,180$1,623$807$22
50 years$10,447$5,736$2,990$1,500$733$18

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 $4,889 every year, while hoping to spend $59,751 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: 79/15/6 Blend
55$10,700,000$10,700,000$10,700,000$10,700,000
56$11,796,443$11,229,343$11,063,493$12,722,278
57$12,936,106$11,716,006$11,370,545$13,816,234
58$14,190,011$12,224,513$11,685,881$15,007,607
59$15,569,749$12,755,872$12,009,716$16,312,655
60$17,088,090$13,311,136$12,342,267$17,742,676
61$18,759,104$13,891,410$12,683,762$19,310,107
62$20,598,294$14,497,850$13,034,429$21,028,641
63$22,622,743$15,131,668$13,394,506$22,913,356
64$24,851,273$15,794,130$13,764,232$24,980,852
65$27,304,626$16,486,565$14,143,857$27,249,411
66$30,005,653$17,210,363$14,533,632$29,739,162
67$32,979,539$17,966,979$14,933,817$32,472,274
68$36,254,029$18,757,939$15,344,678$35,473,161
69$39,859,702$19,584,839$15,766,485$38,768,709
70$43,830,247$20,449,352$16,199,518$42,388,531
71$48,202,790$21,353,228$16,644,061$46,365,241
72$53,018,242$22,298,304$17,100,404$50,734,760
73$58,321,681$23,286,499$17,568,845$55,536,655
74$64,162,781$24,319,826$18,049,690$60,814,507
75$70,596,281$25,400,393$18,543,251$66,616,321
76$77,682,497$26,530,409$19,049,846$72,994,977
77$85,487,898$27,712,185$19,569,802$80,008,722
78$94,085,726$28,948,145$20,103,453$87,721,724
79$103,556,692$30,240,825$20,651,140$96,204,668
80$113,989,734$31,592,885$21,213,213$105,535,423
81$125,482,859$33,007,109$21,790,028$115,799,772
82$138,144,068$34,486,414$22,381,951$127,092,220
83$152,092,371$36,033,857$22,989,355$139,516,880
84$167,458,916$37,652,639$23,612,621$153,188,455
85$184,388,223$39,346,115$24,252,141$168,233,311
86$203,039,546$41,117,799$24,908,312$184,790,673
87$223,588,381$42,971,373$25,581,542$203,013,928
88$246,228,120$44,910,694$26,272,248$223,072,071
89$271,171,874$46,939,804$26,980,854$245,151,297
90$298,654,489$49,062,938$27,707,796$269,456,750
91$328,934,757$51,284,533$28,453,518$296,214,458
92$362,297,865$53,609,237$29,218,473$325,673,456
93$399,058,080$56,041,923$30,003,125$358,108,137
94$439,561,720$58,587,693$30,807,946$393,820,830
95$484,190,423$61,251,898$31,633,419$433,144,654
96$533,364,746$64,040,141$32,480,039$476,446,650
97$587,548,137$66,958,295$33,348,307$524,131,244
98$647,251,311$70,012,514$34,238,739$576,644,052
99$713,037,065$73,209,248$35,151,857$634,476,085
100$785,525,600$76,555,255$36,088,198$698,168,373