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%16.3%
1 years$900,112$892,094$884,272$876,637$869,181$846,795
2 years$445,600$437,301$429,258$421,460$413,896$391,491
3 years$294,116$285,781$277,758$270,033$262,593$240,870
4 years$218,389$210,079$202,137$194,544$187,283$166,410
5 years$172,964$164,705$156,867$149,428$142,370$122,404
6 years$142,691$134,494$126,772$119,499$112,652$93,613
7 years$121,076$112,948$105,348$98,247$91,616$73,506
8 years$104,872$96,817$89,343$82,417$76,005$58,814
9 years$92,275$84,297$76,951$70,201$64,007$47,721
10 years$82,204$74,303$67,088$60,514$54,537$39,136
11 years$73,969$66,148$59,063$52,665$46,904$32,365
12 years$67,112$59,371$52,417$46,194$40,646$26,943
13 years$61,314$53,654$46,831$40,783$35,444$22,550
14 years$56,349$48,770$42,078$36,202$31,070$18,956
15 years$52,049$44,552$37,991$32,286$27,356$15,991
16 years$48,291$40,876$34,444$28,909$24,178$13,530
17 years$44,978$37,645$31,343$25,974$21,438$11,476
18 years$42,037$34,786$28,612$23,408$19,061$9,754
19 years$39,408$32,239$26,193$21,151$16,990$8,305
20 years$37,046$29,958$24,039$19,156$15,176$7,081
21 years$34,911$27,905$22,111$17,386$13,580$6,045
22 years$32,972$26,048$20,379$15,808$12,173$5,166
23 years$31,205$24,362$18,816$14,396$10,927$4,419
24 years$29,588$22,826$17,402$13,130$9,822$3,783
25 years$28,102$21,421$16,117$11,991$8,838$3,240
26 years$26,733$20,132$14,948$10,964$7,961$2,777
27 years$25,467$18,947$13,881$10,036$7,177$2,381
28 years$24,294$17,853$12,904$9,195$6,476$2,042
29 years$23,203$16,843$12,008$8,432$5,848$1,752
30 years$22,188$15,906$11,185$7,738$5,284$1,504
31 years$21,239$15,037$10,428$7,107$4,777$1,291
32 years$20,352$14,228$9,729$6,532$4,321$1,109
33 years$19,520$13,474$9,084$6,006$3,911$952
34 years$18,739$12,770$8,488$5,526$3,541$818
35 years$18,004$12,112$7,935$5,087$3,207$703
36 years$17,312$11,496$7,423$4,685$2,906$604
37 years$16,658$10,919$6,948$4,317$2,634$519
38 years$16,041$10,377$6,507$3,979$2,388$446
39 years$15,456$9,867$6,096$3,669$2,165$383
40 years$14,902$9,388$5,714$3,384$1,964$329
41 years$14,376$8,936$5,358$3,122$1,782$283
42 years$13,877$8,511$5,026$2,881$1,617$243
43 years$13,403$8,109$4,716$2,660$1,467$209
44 years$12,951$7,730$4,427$2,456$1,332$180
45 years$12,520$7,371$4,157$2,268$1,209$155
46 years$12,110$7,032$3,904$2,095$1,098$133
47 years$11,718$6,710$3,668$1,936$997$114
48 years$11,343$6,406$3,447$1,789$905$98
49 years$10,985$6,117$3,240$1,653$822$84
50 years$10,642$5,843$3,046$1,528$747$73

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 $3,306 every year, while hoping to spend $22,484 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: 79/11/10 Blend
55$10,900,000$10,900,000$10,900,000$10,900,000
56$12,015,210$11,437,510$11,268,560$12,944,277
57$13,216,839$11,974,025$11,622,134$14,091,283
58$14,540,280$12,536,076$11,986,799$15,346,055
59$15,997,935$13,124,890$12,362,903$16,721,943
60$17,603,469$13,741,754$12,750,805$18,231,030
61$19,371,940$14,388,018$13,150,875$19,886,619
62$21,319,942$15,065,095$13,563,493$21,703,359
63$23,465,761$15,774,469$13,989,055$23,697,381
64$25,829,545$16,517,695$14,427,965$25,886,447
65$28,433,499$17,296,402$14,880,642$28,290,120
66$31,302,091$18,112,301$15,347,518$30,929,943
67$34,462,282$18,967,182$15,829,039$33,829,642
68$37,943,786$19,862,925$16,325,662$37,015,347
69$41,779,343$20,801,499$16,837,863$40,515,839
70$46,005,034$21,784,970$17,366,129$44,362,817
71$50,660,617$22,815,504$17,910,964$48,591,198
72$55,789,907$23,895,370$18,472,888$53,239,439
73$61,441,184$25,026,949$19,052,436$58,349,904
74$67,667,653$26,212,739$19,650,162$63,969,258
75$74,527,946$27,455,355$20,266,634$70,148,904
76$82,086,672$28,757,543$20,902,442$76,945,467
77$90,415,029$30,122,179$21,558,190$84,421,326
78$99,591,478$31,552,281$22,234,505$92,645,201
79$109,702,478$33,051,013$22,932,031$101,692,793
80$120,843,311$34,621,692$23,651,433$111,647,503
81$133,118,970$36,267,796$24,393,398$122,601,209
82$146,645,160$37,992,974$25,158,632$134,655,137
83$161,549,385$39,801,048$25,947,865$147,920,804
84$177,972,153$41,696,030$26,761,849$162,521,076
85$196,068,303$43,682,126$27,601,361$178,591,316
86$216,008,464$45,763,744$28,467,201$196,280,665
87$237,980,669$47,945,510$29,360,194$215,753,437
88$262,192,128$50,232,271$30,281,192$237,190,675
89$288,871,186$52,629,112$31,231,072$260,791,846
90$318,269,474$55,141,366$32,210,740$286,776,727
91$350,664,290$57,774,623$33,221,130$315,387,469
92$386,361,215$60,534,747$34,263,205$346,890,880
93$425,696,995$63,427,885$35,337,958$381,580,937
94$469,042,723$66,460,486$36,446,414$419,781,557
95$516,807,341$69,639,310$37,589,629$461,849,646
96$569,441,501$72,971,448$38,768,693$508,178,464
97$627,441,819$76,464,334$39,984,730$559,201,329
98$691,355,565$80,125,767$41,238,899$615,395,701
99$761,785,825$83,963,922$42,532,394$677,287,684
100$839,397,200$87,987,374$43,866,450$745,456,983