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%11.3%
1 years$883,596$875,725$868,047$860,552$853,233$848,567
2 years$437,424$429,277$421,382$413,727$406,301$401,594
3 years$288,719$280,537$272,662$265,079$257,774$253,170
4 years$214,381$206,225$198,428$190,974$183,847$179,381
5 years$169,790$161,683$153,988$146,687$139,757$135,444
6 years$140,073$132,026$124,445$117,306$110,585$106,430
7 years$118,854$110,875$103,415$96,444$89,935$85,940
8 years$102,948$95,041$87,704$80,905$74,610$70,775
9 years$90,582$82,750$75,539$68,913$62,833$59,156
10 years$80,696$72,940$65,857$59,403$53,536$50,017
11 years$72,612$64,934$57,979$51,699$46,043$42,679
12 years$65,881$58,281$51,455$45,347$39,900$36,688
13 years$60,189$52,669$45,972$40,034$34,794$31,730
14 years$55,315$47,875$41,306$35,538$30,500$27,582
15 years$51,094$43,735$37,294$31,694$26,854$24,079
16 years$47,405$40,126$33,812$28,378$23,734$21,096
17 years$44,153$36,954$30,768$25,498$21,044$18,540
18 years$41,266$34,147$28,087$22,979$18,712$16,337
19 years$38,685$31,648$25,712$20,763$16,678$14,429
20 years$36,366$29,408$23,597$18,805$14,897$12,769
21 years$34,270$27,393$21,705$17,067$13,331$11,319
22 years$32,367$25,570$20,005$15,518$11,950$10,050
23 years$30,633$23,915$18,471$14,132$10,727$8,934
24 years$29,045$22,407$17,082$12,889$9,641$7,952
25 years$27,586$21,028$15,822$11,771$8,676$7,085
26 years$26,242$19,763$14,674$10,763$7,815$6,318
27 years$25,000$18,599$13,626$9,852$7,046$5,639
28 years$23,848$17,526$12,667$9,026$6,357$5,037
29 years$22,778$16,534$11,788$8,277$5,741$4,501
30 years$21,781$15,614$10,980$7,596$5,187$4,025
31 years$20,850$14,761$10,236$6,977$4,690$3,601
32 years$19,979$13,967$9,551$6,412$4,242$3,223
33 years$19,162$13,227$8,917$5,896$3,839$2,886
34 years$18,395$12,536$8,332$5,425$3,476$2,585
35 years$17,674$11,890$7,790$4,994$3,148$2,316
36 years$16,994$11,285$7,287$4,599$2,852$2,076
37 years$16,353$10,718$6,821$4,238$2,585$1,861
38 years$15,746$10,186$6,387$3,906$2,344$1,669
39 years$15,172$9,686$5,984$3,602$2,125$1,497
40 years$14,629$9,216$5,609$3,322$1,928$1,343
41 years$14,113$8,772$5,259$3,065$1,749$1,205
42 years$13,623$8,355$4,933$2,828$1,587$1,081
43 years$13,157$7,960$4,629$2,611$1,440$970
44 years$12,713$7,588$4,345$2,411$1,307$871
45 years$12,290$7,236$4,080$2,226$1,187$782
46 years$11,887$6,903$3,832$2,057$1,078$702
47 years$11,503$6,587$3,600$1,900$979$630
48 years$11,135$6,288$3,383$1,756$889$566
49 years$10,783$6,005$3,180$1,623$807$508
50 years$10,447$5,736$2,990$1,500$733$456

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 $3,138 every year, while hoping to spend $37,271 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: 66/5/29 Blend
55$10,700,000$10,700,000$10,700,000$10,700,000
56$11,794,637$11,227,537$11,061,687$12,482,456
57$12,958,034$11,738,030$11,392,597$13,457,981
58$14,238,848$12,272,288$11,733,344$14,519,791
59$15,649,017$12,831,437$12,084,217$15,680,027
60$17,201,694$13,416,654$12,445,516$16,948,406
61$18,911,373$14,029,177$12,817,547$18,335,629
62$20,794,025$14,670,298$13,200,627$19,853,474
63$22,867,248$15,341,376$13,595,081$21,514,909
64$25,150,436$16,043,832$14,001,245$23,334,214
65$27,664,958$16,779,157$14,419,463$25,327,113
66$30,434,359$17,548,911$14,850,091$27,510,920
67$33,484,588$18,354,732$15,293,493$29,904,704
68$36,844,237$19,198,335$15,750,046$32,529,462
69$40,544,813$20,081,517$16,220,137$35,408,320
70$44,621,035$21,006,163$16,704,163$38,566,750
71$49,111,163$21,974,247$17,202,534$42,032,804
72$54,057,355$22,987,839$17,715,673$45,837,380
73$59,506,070$24,049,108$18,244,013$50,014,512
74$65,508,502$25,160,327$18,788,000$54,601,689
75$72,121,066$26,323,879$19,348,094$59,640,204
76$79,405,928$27,542,263$19,924,769$65,175,545
77$87,431,594$28,818,095$20,518,510$71,257,822
78$96,273,555$30,154,120$21,129,819$77,942,235
79$106,015,001$31,553,215$21,759,211$85,289,595
80$116,747,602$33,018,394$22,407,216$93,366,892
81$128,572,380$34,552,818$23,074,380$102,247,932
82$141,600,655$36,159,798$23,761,264$112,014,022
83$155,955,103$37,842,809$24,468,447$122,754,741
84$171,770,905$39,605,489$25,196,522$134,568,781
85$189,197,034$41,451,654$25,946,102$147,564,874
86$208,397,651$43,385,305$26,717,816$161,862,817
87$229,553,661$45,410,634$27,512,312$177,594,601
88$252,864,416$47,532,036$28,330,256$194,905,649
89$278,549,601$49,754,121$29,172,334$213,956,189
90$306,851,304$52,081,717$30,039,251$234,922,763
91$338,036,306$54,519,890$30,931,735$257,999,887
92$372,398,591$57,073,947$31,850,530$283,401,887
93$410,262,132$59,749,454$32,796,407$311,364,914
94$451,983,938$62,552,246$33,770,155$342,149,175
95$497,957,433$65,488,439$34,772,589$376,041,378
96$548,616,165$68,564,447$35,804,545$413,357,439
97$604,437,901$71,786,992$36,866,884$454,445,458
98$665,949,135$75,163,122$37,960,492$499,689,001
99$733,730,059$78,700,228$39,086,282$549,510,714
100$808,420,043$82,406,057$40,245,190$604,376,311