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%17.2%
1 years$891,854$883,910$876,159$868,594$861,207$835,984
2 years$441,512$433,289$425,320$417,593$410,099$384,891
3 years$291,417$283,159$275,210$267,556$260,183$235,782
4 years$216,385$208,152$200,283$192,759$185,565$162,156
5 years$171,377$163,194$155,427$148,057$141,064$118,711
6 years$141,382$133,260$125,608$118,403$111,619$90,343
7 years$119,965$111,911$104,381$97,345$90,776$70,577
8 years$103,910$95,929$88,524$81,661$75,307$56,173
9 years$91,429$83,523$76,245$69,557$63,420$45,330
10 years$81,450$73,622$66,472$59,959$54,037$36,967
11 years$73,291$65,541$58,521$52,182$46,473$30,395
12 years$66,496$58,826$51,936$45,771$40,273$25,154
13 years$60,752$53,162$46,401$40,409$35,119$20,925
14 years$55,832$48,322$41,692$35,870$30,785$17,481
15 years$51,572$44,143$37,642$31,990$27,105$14,654
16 years$47,848$40,501$34,128$28,644$23,956$12,319
17 years$44,566$37,300$31,055$25,736$21,241$10,381
18 years$41,651$34,467$28,349$23,193$18,886$8,764
19 years$39,047$31,943$25,953$20,957$16,834$7,412
20 years$36,706$29,683$23,818$18,981$15,036$6,277
21 years$34,590$27,649$21,908$17,226$13,456$5,321
22 years$32,670$25,809$20,192$15,663$12,061$4,516
23 years$30,919$24,139$18,643$14,264$10,827$3,836
24 years$29,316$22,616$17,242$13,010$9,731$3,260
25 years$27,844$21,224$15,970$11,881$8,757$2,772
26 years$26,487$19,948$14,811$10,864$7,888$2,359
27 years$25,233$18,773$13,753$9,944$7,112$2,008
28 years$24,071$17,690$12,785$9,111$6,417$1,710
29 years$22,991$16,688$11,898$8,355$5,794$1,456
30 years$21,984$15,760$11,082$7,667$5,235$1,241
31 years$21,044$14,899$10,332$7,042$4,733$1,057
32 years$20,165$14,097$9,640$6,472$4,282$901
33 years$19,341$13,350$9,001$5,951$3,875$768
34 years$18,567$12,653$8,410$5,476$3,508$655
35 years$17,839$12,001$7,863$5,041$3,178$558
36 years$17,153$11,391$7,355$4,642$2,879$476
37 years$16,505$10,819$6,884$4,277$2,609$406
38 years$15,893$10,282$6,447$3,942$2,366$346
39 years$15,314$9,777$6,040$3,635$2,145$295
40 years$14,765$9,302$5,661$3,353$1,946$252
41 years$14,245$8,854$5,309$3,093$1,765$215
42 years$13,750$8,433$4,980$2,855$1,602$183
43 years$13,280$8,035$4,673$2,635$1,454$156
44 years$12,832$7,659$4,386$2,433$1,320$133
45 years$12,405$7,303$4,118$2,247$1,198$114
46 years$11,998$6,967$3,868$2,076$1,088$97
47 years$11,610$6,649$3,634$1,918$988$83
48 years$11,239$6,347$3,415$1,772$897$71
49 years$10,884$6,061$3,210$1,638$815$60
50 years$10,545$5,790$3,018$1,514$740$51

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 $6,359 every year, while hoping to spend $39,540 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: 52/29/19 Blend
55$10,800,000$10,800,000$10,800,000$10,800,000
56$11,908,159$11,335,759$11,168,359$12,464,895
57$13,080,721$11,849,141$11,500,429$13,361,783
58$14,371,559$12,386,354$11,842,298$14,332,138
59$15,792,696$12,948,523$12,194,253$15,386,736
60$17,357,379$13,536,828$12,556,588$16,533,584
61$19,080,204$14,152,505$12,929,606$17,781,482
62$20,977,258$14,796,851$13,313,621$19,140,104
63$23,066,264$15,471,222$13,708,953$20,620,081
64$25,366,752$16,177,041$14,115,932$22,233,104
65$27,900,243$16,915,799$14,534,898$23,992,025
66$30,690,452$17,689,057$14,966,201$25,910,977
67$33,763,510$18,498,453$15,410,201$28,005,504
68$37,148,214$19,345,703$15,867,268$30,292,701
69$40,876,293$20,232,603$16,337,783$32,791,373
70$44,982,713$21,161,039$16,822,137$35,522,208
71$49,506,005$22,132,986$17,320,734$38,507,964
72$54,488,627$23,150,511$17,833,988$41,773,682
73$59,977,366$24,215,786$18,362,326$45,346,919
74$66,023,780$25,331,082$18,906,187$49,257,996
75$72,684,683$26,498,782$19,466,021$53,540,283
76$80,022,682$27,721,384$20,042,294$58,230,508
77$88,106,768$29,001,504$20,635,483$63,369,095
78$97,012,967$30,341,886$21,246,080$69,000,542
79$106,825,056$31,745,405$21,874,591$75,173,831
80$117,635,356$33,215,074$22,521,534$81,942,883
81$129,545,603$34,754,053$23,187,446$89,367,065
82$142,667,905$36,365,652$23,872,876$97,511,733
83$157,125,804$38,053,342$24,578,390$106,448,850
84$173,055,441$39,820,761$25,304,571$116,257,651
85$190,606,839$41,671,721$26,052,017$127,025,382
86$209,945,322$43,610,221$26,821,345$138,848,119
87$231,253,072$45,640,449$27,613,188$151,831,658
88$254,730,853$47,766,799$28,428,197$166,092,509
89$280,599,901$49,993,873$29,267,043$181,758,982
90$309,104,018$52,326,499$30,130,415$198,972,388
91$340,511,866$54,769,736$31,019,022$217,888,361
92$375,119,510$57,328,887$31,933,594$238,678,315
93$413,253,211$60,009,513$32,874,880$261,531,049
94$455,272,502$62,817,443$33,843,651$286,654,514
95$501,573,585$65,758,786$34,840,702$314,277,766
96$552,593,072$68,839,948$35,866,847$344,653,109
97$608,812,105$72,067,645$36,922,926$378,058,466
98$670,760,898$75,448,917$38,009,802$414,799,980
99$739,023,741$78,991,146$39,128,362$455,214,895
100$814,244,519$82,702,068$40,279,518$499,674,715