Can I retire at age 56 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$900,112$892,094$884,272$876,637$869,181$857,254
2 years$445,600$437,301$429,258$421,460$413,896$401,901
3 years$294,116$285,781$277,758$270,033$262,593$250,902
4 years$218,389$210,079$202,137$194,544$187,283$175,988
5 years$172,964$164,705$156,867$149,428$142,370$131,502
6 years$142,691$134,494$126,772$119,499$112,652$102,225
7 years$121,076$112,948$105,348$98,247$91,616$81,633
8 years$104,872$96,817$89,343$82,417$76,005$66,464
9 years$92,275$84,297$76,951$70,201$64,007$54,905
10 years$82,204$74,303$67,088$60,514$54,537$45,867
11 years$73,969$66,148$59,063$52,665$46,904$38,657
12 years$67,112$59,371$52,417$46,194$40,646$32,813
13 years$61,314$53,654$46,831$40,783$35,444$28,015
14 years$56,349$48,770$42,078$36,202$31,070$24,033
15 years$52,049$44,552$37,991$32,286$27,356$20,700
16 years$48,291$40,876$34,444$28,909$24,178$17,889
17 years$44,978$37,645$31,343$25,974$21,438$15,503
18 years$42,037$34,786$28,612$23,408$19,061$13,468
19 years$39,408$32,239$26,193$21,151$16,990$11,725
20 years$37,046$29,958$24,039$19,156$15,176$10,225
21 years$34,911$27,905$22,111$17,386$13,580$8,931
22 years$32,972$26,048$20,379$15,808$12,173$7,811
23 years$31,205$24,362$18,816$14,396$10,927$6,839
24 years$29,588$22,826$17,402$13,130$9,822$5,994
25 years$28,102$21,421$16,117$11,991$8,838$5,258
26 years$26,733$20,132$14,948$10,964$7,961$4,615
27 years$25,467$18,947$13,881$10,036$7,177$4,054
28 years$24,294$17,853$12,904$9,195$6,476$3,564
29 years$23,203$16,843$12,008$8,432$5,848$3,134
30 years$22,188$15,906$11,185$7,738$5,284$2,757
31 years$21,239$15,037$10,428$7,107$4,777$2,426
32 years$20,352$14,228$9,729$6,532$4,321$2,136
33 years$19,520$13,474$9,084$6,006$3,911$1,881
34 years$18,739$12,770$8,488$5,526$3,541$1,657
35 years$18,004$12,112$7,935$5,087$3,207$1,460
36 years$17,312$11,496$7,423$4,685$2,906$1,287
37 years$16,658$10,919$6,948$4,317$2,634$1,134
38 years$16,041$10,377$6,507$3,979$2,388$1,000
39 years$15,456$9,867$6,096$3,669$2,165$882
40 years$14,902$9,388$5,714$3,384$1,964$778
41 years$14,376$8,936$5,358$3,122$1,782$686
42 years$13,877$8,511$5,026$2,881$1,617$605
43 years$13,403$8,109$4,716$2,660$1,467$533
44 years$12,951$7,730$4,427$2,456$1,332$471
45 years$12,520$7,371$4,157$2,268$1,209$415
46 years$12,110$7,032$3,904$2,095$1,098$366
47 years$11,718$6,710$3,668$1,936$997$323
48 years$11,343$6,406$3,447$1,789$905$285
49 years$10,985$6,117$3,240$1,653$822$252
50 years$10,642$5,843$3,046$1,528$747$222

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,900,000, adding $4,484 every year, while hoping to spend $28,029 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: 49/32/19 Blend
55$10,900,000$10,900,000$10,900,000$10,900,000
56$12,016,425$11,438,725$11,269,775$12,541,037
57$13,212,278$11,969,400$11,617,490$13,435,671
58$14,529,168$12,525,139$11,975,914$14,403,765
59$15,979,412$13,107,139$12,345,376$15,454,853
60$17,576,582$13,716,659$12,726,216$16,596,751
61$19,335,632$14,355,013$13,118,782$17,838,047
62$21,273,041$15,023,584$13,523,436$19,188,171
63$23,406,969$15,723,817$13,940,549$20,657,489
64$25,757,426$16,457,231$14,370,504$22,257,391
65$28,346,463$17,225,414$14,813,695$24,000,394
66$31,198,377$18,030,035$15,270,529$25,900,259
67$34,339,945$18,872,840$15,741,425$27,972,113
68$37,800,672$19,755,662$16,226,815$30,232,587
69$41,613,072$20,680,420$16,727,145$32,699,972
70$45,812,973$21,649,129$17,242,872$35,394,380
71$50,439,858$22,663,898$17,774,470$38,337,932
72$55,537,236$23,726,941$18,322,427$41,554,960
73$61,153,050$24,840,577$18,887,244$45,072,231
74$67,340,134$26,007,238$19,469,440$48,919,191
75$74,156,709$27,229,474$20,069,548$53,128,240
76$81,666,933$28,509,958$20,688,117$57,735,028
77$89,941,507$29,851,493$21,325,716$62,778,782
78$99,058,340$31,257,015$21,982,927$68,302,674
79$109,103,288$32,729,607$22,660,352$74,354,218
80$120,170,962$34,272,497$23,358,613$80,985,706
81$132,365,623$35,889,071$24,078,349$88,254,699
82$145,802,161$37,582,880$24,820,218$96,224,558
83$160,607,186$39,357,646$25,584,900$104,965,032
84$176,920,219$41,217,271$26,373,095$114,552,909
85$194,895,012$43,165,847$27,185,524$125,072,724
86$214,700,995$45,207,666$28,022,930$136,617,555
87$236,524,879$47,347,224$28,886,081$149,289,881
88$260,572,417$49,589,238$29,775,765$163,202,545
89$287,070,346$51,938,654$30,692,796$178,479,799
90$316,268,531$54,400,657$31,638,014$195,258,470
91$348,442,316$56,980,684$32,612,282$213,689,234
92$383,895,130$59,684,436$33,616,492$233,938,026
93$422,961,350$62,517,890$34,651,561$256,187,589
94$466,009,456$65,487,314$35,718,436$280,639,185
95$513,445,508$68,599,281$36,818,092$307,514,477
96$565,716,986$71,860,681$37,951,534$337,057,604
97$623,317,005$75,278,741$39,119,797$369,537,470
98$686,788,978$78,861,038$40,323,948$405,250,258
99$756,731,742$82,615,517$41,565,089$444,522,213
100$833,805,211$86,550,509$42,844,351$487,712,695