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

Use the below retirement simulation to view the chances of a successful retirement.
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%13%
1 years$891,854$883,910$876,159$868,594$861,207$850,446
2 years$441,512$433,289$425,320$417,593$410,099$399,270
3 years$291,417$283,159$275,210$267,556$260,183$249,624
4 years$216,385$208,152$200,283$192,759$185,565$175,357
5 years$171,377$163,194$155,427$148,057$141,064$131,236
6 years$141,382$133,260$125,608$118,403$111,619$102,184
7 years$119,965$111,911$104,381$97,345$90,776$81,737
8 years$103,910$95,929$88,524$81,661$75,307$66,664
9 years$91,429$83,523$76,245$69,557$63,420$55,167
10 years$81,450$73,622$66,472$59,959$54,037$46,170
11 years$73,291$65,541$58,521$52,182$46,473$38,986
12 years$66,496$58,826$51,936$45,771$40,273$33,156
13 years$60,752$53,162$46,401$40,409$35,119$28,363
14 years$55,832$48,322$41,692$35,870$30,785$24,380
15 years$51,572$44,143$37,642$31,990$27,105$21,042
16 years$47,848$40,501$34,128$28,644$23,956$18,222
17 years$44,566$37,300$31,055$25,736$21,241$15,825
18 years$41,651$34,467$28,349$23,193$18,886$13,778
19 years$39,047$31,943$25,953$20,957$16,834$12,021
20 years$36,706$29,683$23,818$18,981$15,036$10,506
21 years$34,590$27,649$21,908$17,226$13,456$9,197
22 years$32,670$25,809$20,192$15,663$12,061$8,062
23 years$30,919$24,139$18,643$14,264$10,827$7,075
24 years$29,316$22,616$17,242$13,010$9,731$6,215
25 years$27,844$21,224$15,970$11,881$8,757$5,465
26 years$26,487$19,948$14,811$10,864$7,888$4,809
27 years$25,233$18,773$13,753$9,944$7,112$4,234
28 years$24,071$17,690$12,785$9,111$6,417$3,731
29 years$22,991$16,688$11,898$8,355$5,794$3,289
30 years$21,984$15,760$11,082$7,667$5,235$2,901
31 years$21,044$14,899$10,332$7,042$4,733$2,559
32 years$20,165$14,097$9,640$6,472$4,282$2,259
33 years$19,341$13,350$9,001$5,951$3,875$1,994
34 years$18,567$12,653$8,410$5,476$3,508$1,761
35 years$17,839$12,001$7,863$5,041$3,178$1,556
36 years$17,153$11,391$7,355$4,642$2,879$1,374
37 years$16,505$10,819$6,884$4,277$2,609$1,215
38 years$15,893$10,282$6,447$3,942$2,366$1,074
39 years$15,314$9,777$6,040$3,635$2,145$949
40 years$14,765$9,302$5,661$3,353$1,946$839
41 years$14,245$8,854$5,309$3,093$1,765$742
42 years$13,750$8,433$4,980$2,855$1,602$656
43 years$13,280$8,035$4,673$2,635$1,454$580
44 years$12,832$7,659$4,386$2,433$1,320$513
45 years$12,405$7,303$4,118$2,247$1,198$454
46 years$11,998$6,967$3,868$2,076$1,088$401
47 years$11,610$6,649$3,634$1,918$988$355
48 years$11,239$6,347$3,415$1,772$897$314
49 years$10,884$6,061$3,210$1,638$815$278
50 years$10,545$5,790$3,018$1,514$740$246

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 $4,655 every year, while hoping to spend $50,517 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: 37/49/14 Blend
55$10,800,000$10,800,000$10,800,000$10,800,000
56$11,906,402$11,334,002$11,166,602$12,295,883
57$13,067,105$11,835,618$11,486,933$13,077,223
58$14,344,507$12,360,120$11,816,303$13,915,439
59$15,750,457$12,908,577$12,154,959$14,819,730
60$17,298,013$13,482,107$12,503,160$15,796,031
61$19,001,562$14,081,881$12,861,167$16,850,849
62$20,876,955$14,709,127$13,229,250$17,991,319
63$22,941,662$15,365,132$13,607,687$19,225,262
64$25,214,929$16,051,241$13,996,763$20,561,262
65$27,717,966$16,768,866$14,396,768$22,008,734
66$30,474,143$17,519,485$14,808,004$23,578,009
67$33,509,211$18,304,646$15,230,778$25,280,428
68$36,851,548$19,125,971$15,665,407$27,128,441
69$40,532,422$19,985,159$16,112,214$29,135,719
70$44,586,288$20,883,991$16,571,532$31,317,273
71$49,051,115$21,824,332$17,043,704$33,689,593
72$53,968,740$22,808,136$17,529,080$36,270,793
73$59,385,268$23,837,450$18,028,019$39,080,777
74$65,351,500$24,914,420$18,540,893$42,141,414
75$71,923,419$26,041,293$19,068,079$45,476,741
76$79,162,715$27,220,423$19,609,967$49,113,179
77$87,137,367$28,454,279$20,166,956$53,079,771
78$95,922,285$29,745,445$20,739,455$57,408,450
79$105,600,017$31,096,632$21,327,887$62,134,328
80$116,261,529$32,510,676$21,932,680$67,296,016
81$128,007,059$33,990,554$22,554,280$72,935,979
82$140,947,069$35,539,381$23,193,138$79,100,925
83$155,203,284$37,160,425$23,849,723$85,842,232
84$170,909,841$38,857,108$24,524,510$93,216,422
85$188,214,555$40,633,016$25,217,991$101,285,681
86$207,280,315$42,491,909$25,930,669$110,118,429
87$228,286,621$44,437,726$26,663,060$119,789,956
88$251,431,277$46,474,595$27,415,693$130,383,112
89$276,932,259$48,606,843$28,189,111$141,989,079
90$305,029,774$50,839,002$28,983,871$154,708,210
91$335,988,524$53,175,826$29,800,543$168,650,959
92$370,100,206$55,622,295$30,639,714$183,938,908
93$407,686,267$58,183,627$31,501,984$200,705,893
94$449,100,934$60,865,293$32,387,969$219,099,250
95$494,734,564$63,673,027$33,298,301$239,281,180
96$545,017,322$66,612,838$34,233,627$261,430,262
97$600,423,247$69,691,024$35,194,610$285,743,114
98$661,474,721$72,914,188$36,181,933$312,436,225
99$728,747,408$76,289,248$37,196,293$341,747,973
100$802,875,679$79,823,457$38,238,405$373,940,851