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%11.9%
1 years$891,854$883,910$876,159$868,594$861,207$854,348
2 years$441,512$433,289$425,320$417,593$410,099$403,185
3 years$291,417$283,159$275,210$267,556$260,183$253,428
4 years$216,385$208,152$200,283$192,759$185,565$179,021
5 years$171,377$163,194$155,427$148,057$141,064$134,750
6 years$141,382$133,260$125,608$118,403$111,619$105,544
7 years$119,965$111,911$104,381$97,345$90,776$84,942
8 years$103,910$95,929$88,524$81,661$75,307$69,715
9 years$91,429$83,523$76,245$69,557$63,420$58,067
10 years$81,450$73,622$66,472$59,959$54,037$48,920
11 years$73,291$65,541$58,521$52,182$46,473$41,590
12 years$66,496$58,826$51,936$45,771$40,273$35,617
13 years$60,752$53,162$46,401$40,409$35,119$30,686
14 years$55,832$48,322$41,692$35,870$30,785$26,570
15 years$51,572$44,143$37,642$31,990$27,105$23,102
16 years$47,848$40,501$34,128$28,644$23,956$20,159
17 years$44,566$37,300$31,055$25,736$21,241$17,643
18 years$41,651$34,467$28,349$23,193$18,886$15,481
19 years$39,047$31,943$25,953$20,957$16,834$13,614
20 years$36,706$29,683$23,818$18,981$15,036$11,995
21 years$34,590$27,649$21,908$17,226$13,456$10,587
22 years$32,670$25,809$20,192$15,663$12,061$9,357
23 years$30,919$24,139$18,643$14,264$10,827$8,281
24 years$29,316$22,616$17,242$13,010$9,731$7,337
25 years$27,844$21,224$15,970$11,881$8,757$6,507
26 years$26,487$19,948$14,811$10,864$7,888$5,776
27 years$25,233$18,773$13,753$9,944$7,112$5,130
28 years$24,071$17,690$12,785$9,111$6,417$4,560
29 years$22,991$16,688$11,898$8,355$5,794$4,056
30 years$21,984$15,760$11,082$7,667$5,235$3,609
31 years$21,044$14,899$10,332$7,042$4,733$3,213
32 years$20,165$14,097$9,640$6,472$4,282$2,862
33 years$19,341$13,350$9,001$5,951$3,875$2,550
34 years$18,567$12,653$8,410$5,476$3,508$2,273
35 years$17,839$12,001$7,863$5,041$3,178$2,026
36 years$17,153$11,391$7,355$4,642$2,879$1,807
37 years$16,505$10,819$6,884$4,277$2,609$1,612
38 years$15,893$10,282$6,447$3,942$2,366$1,438
39 years$15,314$9,777$6,040$3,635$2,145$1,283
40 years$14,765$9,302$5,661$3,353$1,946$1,145
41 years$14,245$8,854$5,309$3,093$1,765$1,022
42 years$13,750$8,433$4,980$2,855$1,602$912
43 years$13,280$8,035$4,673$2,635$1,454$815
44 years$12,832$7,659$4,386$2,433$1,320$727
45 years$12,405$7,303$4,118$2,247$1,198$650
46 years$11,998$6,967$3,868$2,076$1,088$580
47 years$11,610$6,649$3,634$1,918$988$518
48 years$11,239$6,347$3,415$1,772$897$463
49 years$10,884$6,061$3,210$1,638$815$413
50 years$10,545$5,790$3,018$1,514$740$369

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 $6,901 every year, while hoping to spend $58,916 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: 76/6/18 Blend
55$10,800,000$10,800,000$10,800,000$10,800,000
56$11,908,718$11,336,318$11,168,918$12,764,436
57$13,060,721$11,829,112$11,480,391$13,824,259
58$14,328,254$12,344,078$11,800,323$14,977,942
59$15,723,039$12,882,240$12,128,937$16,241,282
60$17,257,990$13,444,671$12,466,457$17,625,205
61$18,947,339$14,032,494$12,813,118$19,141,743
62$20,806,767$14,646,885$13,169,156$20,804,148
63$22,853,550$15,289,075$13,534,816$22,627,012
64$25,106,727$15,960,355$13,910,347$24,626,409
65$27,587,274$16,662,073$14,296,005$26,820,039
66$30,318,306$17,395,645$14,692,051$29,227,399
67$33,325,294$18,162,552$15,098,755$31,869,966
68$36,636,301$18,964,345$15,516,391$34,771,391
69$40,282,254$19,802,648$15,945,240$37,957,731
70$44,297,229$20,679,162$16,385,591$41,457,687
71$48,718,776$21,595,671$16,837,738$45,302,875
72$53,588,273$22,554,041$17,301,984$49,528,123
73$58,951,314$23,556,226$17,778,638$54,171,799
74$64,858,142$24,604,275$18,268,016$59,276,169
75$71,364,121$25,700,334$18,770,443$64,887,799
76$78,530,260$26,846,648$19,286,251$71,057,986
77$86,423,784$28,045,572$19,815,778$77,843,247
78$95,118,777$29,299,571$20,359,373$85,305,846
79$104,696,871$30,611,229$20,917,392$93,514,383
80$115,248,024$31,983,252$21,490,197$102,544,437
81$126,871,366$33,418,474$22,078,161$112,479,278
82$139,676,131$34,919,865$22,681,666$123,410,652
83$153,782,695$36,490,537$23,301,100$135,439,644
84$169,323,705$38,133,749$23,936,862$148,677,628
85$186,445,337$39,852,917$24,589,361$163,247,321
86$205,308,670$41,651,618$25,259,013$179,283,932
87$226,091,209$43,533,602$25,946,244$196,936,441
88$248,988,559$45,502,796$26,651,491$216,369,001
89$274,216,276$47,563,316$27,375,199$237,762,485
90$302,011,892$49,719,474$28,117,824$261,316,190
91$332,637,165$51,975,789$28,879,832$287,249,713
92$366,380,549$54,336,996$29,661,699$315,805,027
93$403,559,911$56,808,054$30,463,912$347,248,756
94$444,525,537$59,394,164$31,286,969$381,874,692
95$489,663,437$62,100,773$32,131,377$420,006,563
96$539,398,985$64,933,589$32,997,656$462,001,086
97$594,200,941$67,898,594$33,886,336$508,251,331
98$654,585,868$71,002,057$34,797,960$559,190,427
99$721,123,016$74,250,547$35,733,081$615,295,649
100$794,439,689$77,650,948$36,692,265$677,092,915