Can I retire at age 56 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$891,854$883,910$876,159$868,594$861,207$855,063
2 years$441,512$433,289$425,320$417,593$410,099$403,903
3 years$291,417$283,159$275,210$267,556$260,183$254,128
4 years$216,385$208,152$200,283$192,759$185,565$179,697
5 years$171,377$163,194$155,427$148,057$141,064$135,400
6 years$141,382$133,260$125,608$118,403$111,619$106,167
7 years$119,965$111,911$104,381$97,345$90,776$85,538
8 years$103,910$95,929$88,524$81,661$75,307$70,284
9 years$91,429$83,523$76,245$69,557$63,420$58,609
10 years$81,450$73,622$66,472$59,959$54,037$49,437
11 years$73,291$65,541$58,521$52,182$46,473$42,080
12 years$66,496$58,826$51,936$45,771$40,273$36,083
13 years$60,752$53,162$46,401$40,409$35,119$31,127
14 years$55,832$48,322$41,692$35,870$30,785$26,987
15 years$51,572$44,143$37,642$31,990$27,105$23,497
16 years$47,848$40,501$34,128$28,644$23,956$20,530
17 years$44,566$37,300$31,055$25,736$21,241$17,993
18 years$41,651$34,467$28,349$23,193$18,886$15,811
19 years$39,047$31,943$25,953$20,957$16,834$13,924
20 years$36,706$29,683$23,818$18,981$15,036$12,286
21 years$34,590$27,649$21,908$17,226$13,456$10,860
22 years$32,670$25,809$20,192$15,663$12,061$9,613
23 years$30,919$24,139$18,643$14,264$10,827$8,520
24 years$29,316$22,616$17,242$13,010$9,731$7,560
25 years$27,844$21,224$15,970$11,881$8,757$6,715
26 years$26,487$19,948$14,811$10,864$7,888$5,970
27 years$25,233$18,773$13,753$9,944$7,112$5,311
28 years$24,071$17,690$12,785$9,111$6,417$4,729
29 years$22,991$16,688$11,898$8,355$5,794$4,213
30 years$21,984$15,760$11,082$7,667$5,235$3,755
31 years$21,044$14,899$10,332$7,042$4,733$3,348
32 years$20,165$14,097$9,640$6,472$4,282$2,987
33 years$19,341$13,350$9,001$5,951$3,875$2,666
34 years$18,567$12,653$8,410$5,476$3,508$2,380
35 years$17,839$12,001$7,863$5,041$3,178$2,125
36 years$17,153$11,391$7,355$4,642$2,879$1,899
37 years$16,505$10,819$6,884$4,277$2,609$1,696
38 years$15,893$10,282$6,447$3,942$2,366$1,516
39 years$15,314$9,777$6,040$3,635$2,145$1,355
40 years$14,765$9,302$5,661$3,353$1,946$1,211
41 years$14,245$8,854$5,309$3,093$1,765$1,083
42 years$13,750$8,433$4,980$2,855$1,602$969
43 years$13,280$8,035$4,673$2,635$1,454$866
44 years$12,832$7,659$4,386$2,433$1,320$775
45 years$12,405$7,303$4,118$2,247$1,198$693
46 years$11,998$6,967$3,868$2,076$1,088$620
47 years$11,610$6,649$3,634$1,918$988$555
48 years$11,239$6,347$3,415$1,772$897$496
49 years$10,884$6,061$3,210$1,638$815$444
50 years$10,545$5,790$3,018$1,514$740$397

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,800,000, adding $6,268 every year, while hoping to spend $43,591 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: 43/41/16 Blend
55$10,800,000$10,800,000$10,800,000$10,800,000
56$11,908,065$11,335,665$11,168,265$12,364,448
57$13,076,308$11,844,733$11,496,022$13,194,837
58$14,362,250$12,377,283$11,833,297$14,089,111
59$15,777,851$12,934,421$12,180,364$15,057,023
60$17,336,288$13,517,305$12,537,503$16,105,361
61$19,052,083$14,127,147$12,905,003$17,241,575
62$20,941,235$14,765,216$13,283,161$18,473,843
63$23,021,375$15,432,846$13,672,280$19,811,142
64$25,311,929$16,131,429$14,072,675$21,263,329
65$27,834,305$16,862,428$14,484,668$22,841,230
66$30,612,090$17,627,373$14,908,591$24,556,736
67$33,671,278$18,427,869$15,344,784$26,422,911
68$37,040,511$19,265,597$15,793,596$28,454,108
69$40,751,350$20,142,319$16,255,389$30,666,100
70$44,838,576$21,059,880$16,730,533$33,076,223
71$49,340,512$22,020,216$17,219,407$35,703,533
72$54,299,390$23,025,352$17,722,403$38,568,978
73$59,761,748$24,077,414$18,239,923$41,695,591
74$65,778,866$25,178,627$18,772,381$45,108,697
75$72,407,255$26,331,325$19,320,200$48,836,148
76$79,709,186$27,537,951$19,883,818$52,908,576
77$87,753,281$28,801,069$20,463,684$57,359,674
78$96,615,157$30,123,362$21,060,259$62,226,505
79$106,378,142$31,507,646$21,674,016$67,549,845
80$117,134,061$32,956,869$22,305,444$73,374,554
81$128,984,102$34,474,122$22,955,044$79,749,995
82$142,039,772$36,062,646$23,623,329$86,730,484
83$156,423,948$37,725,835$24,310,830$94,375,795
84$172,272,038$39,467,248$25,018,090$102,751,714
85$189,733,257$41,290,614$25,745,667$111,930,646
86$208,972,039$43,199,844$26,494,137$121,992,284
87$230,169,586$45,199,036$27,264,089$133,024,354
88$253,525,578$47,292,482$28,056,131$145,123,424
89$279,260,060$49,484,687$28,870,884$158,395,803
90$307,615,518$51,780,368$29,708,990$172,958,532
91$338,859,166$54,184,472$30,571,107$188,940,470
92$373,285,474$56,702,184$31,457,912$206,483,495
93$411,218,938$59,338,937$32,370,098$225,743,827
94$453,017,154$62,100,429$33,308,381$246,893,483
95$499,074,186$64,992,632$34,273,493$270,121,886
96$549,824,287$68,021,805$35,266,189$295,637,627
97$605,746,001$71,194,510$36,287,243$323,670,420
98$667,366,678$74,517,627$37,337,451$354,473,246
99$735,267,454$77,998,365$38,417,631$388,324,718
100$810,088,735$81,644,285$39,528,622$425,531,690