Can I retire at age 56 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$644,117$638,379$632,782$627,318$621,983$606,947
2 years$318,870$312,931$307,176$301,595$296,182$281,124
3 years$210,468$204,504$198,763$193,235$187,910$173,300
4 years$156,278$150,332$144,648$139,215$134,019$119,970
5 years$123,772$117,862$112,253$106,930$101,879$88,430
6 years$102,109$96,243$90,717$85,513$80,614$67,779
7 years$86,641$80,825$75,386$70,305$65,560$53,341
8 years$75,046$69,282$63,934$58,977$54,389$42,779
9 years$66,032$60,322$55,066$50,235$45,803$34,795
10 years$58,825$53,171$48,008$43,303$39,027$28,606
11 years$52,932$47,335$42,265$37,687$33,564$23,717
12 years$48,025$42,486$37,509$33,057$29,086$19,796
13 years$43,876$38,395$33,512$29,184$25,364$16,613
14 years$40,323$34,900$30,111$25,906$22,234$14,003
15 years$37,246$31,881$27,186$23,104$19,576$11,846
16 years$34,557$29,251$24,648$20,687$17,301$10,052
17 years$32,186$26,939$22,429$18,587$15,341$8,551
18 years$30,082$24,893$20,475$16,751$13,640$7,289
19 years$28,201$23,070$18,744$15,136$12,158$6,225
20 years$26,510$21,438$17,202$13,708$10,860$5,324
21 years$24,982$19,969$15,822$12,441$9,718$4,559
22 years$23,595$18,640$14,583$11,312$8,711$3,908
23 years$22,330$17,434$13,465$10,302$7,819$3,353
24 years$21,173$16,334$12,453$9,396$7,028$2,879
25 years$20,110$15,329$11,534$8,581$6,324$2,474
26 years$19,130$14,407$10,697$7,846$5,697$2,127
27 years$18,224$13,558$9,933$7,182$5,136$1,830
28 years$17,384$12,776$9,234$6,580$4,634$1,575
29 years$16,604$12,053$8,593$6,034$4,185$1,356
30 years$15,877$11,382$8,004$5,538$3,781$1,168
31 years$15,199$10,760$7,462$5,086$3,419$1,006
32 years$14,564$10,181$6,962$4,674$3,092$866
33 years$13,969$9,642$6,501$4,298$2,799$747
34 years$13,410$9,138$6,074$3,955$2,534$644
35 years$12,884$8,667$5,678$3,640$2,295$555
36 years$12,388$8,227$5,312$3,353$2,079$478
37 years$11,921$7,813$4,972$3,089$1,885$412
38 years$11,479$7,426$4,656$2,847$1,709$356
39 years$11,060$7,061$4,362$2,625$1,549$307
40 years$10,664$6,718$4,089$2,422$1,405$264
41 years$10,288$6,395$3,834$2,234$1,275$228
42 years$9,931$6,090$3,596$2,062$1,157$197
43 years$9,591$5,803$3,375$1,903$1,050$170
44 years$9,268$5,531$3,168$1,757$953$146
45 years$8,959$5,275$2,974$1,623$865$126
46 years$8,666$5,032$2,794$1,499$786$109
47 years$8,385$4,802$2,625$1,385$713$94
48 years$8,117$4,584$2,466$1,280$648$81
49 years$7,861$4,377$2,318$1,183$588$70
50 years$7,616$4,182$2,179$1,093$534$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $7,800,000, adding $3,265 every year, while hoping to spend $33,822 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: 83/11/6 Blend
55$7,800,000$7,800,000$7,800,000$7,800,000
56$8,598,968$8,185,568$8,064,668$9,309,445
57$9,440,076$8,550,674$8,298,848$10,139,047
58$10,365,844$8,932,537$8,539,739$11,044,915
59$11,384,871$9,331,943$8,787,531$12,038,539
60$12,506,633$9,749,712$9,042,418$13,128,692
61$13,741,570$10,186,709$9,304,600$14,325,037
62$15,101,187$10,643,835$9,574,281$15,638,214
63$16,598,162$11,122,037$9,851,673$17,079,939
64$18,246,462$11,622,305$10,136,993$18,663,118
65$20,061,481$12,145,677$10,430,462$20,401,963
66$22,060,179$12,693,242$10,732,309$22,312,127
67$24,261,246$13,266,140$11,042,770$24,410,851
68$26,685,276$13,865,563$11,362,085$26,717,124
69$29,354,962$14,492,764$11,690,503$29,251,864
70$32,295,312$15,149,053$12,028,279$32,038,111
71$35,533,881$15,835,804$12,375,673$35,101,242
72$39,101,034$16,554,455$12,732,955$38,469,216
73$43,030,231$17,306,515$13,100,402$42,172,828
74$47,358,345$18,093,565$13,478,295$46,246,002
75$52,126,006$18,917,259$13,866,928$50,726,113
76$57,377,987$19,779,334$14,266,599$55,654,331
77$63,163,627$20,681,606$14,677,615$61,076,013
78$69,537,294$21,625,982$15,100,292$67,041,127
79$76,558,901$22,614,458$15,534,955$73,604,724
80$84,294,470$23,649,127$15,981,937$80,827,453
81$92,816,753$24,732,182$16,441,578$88,776,134
82$102,205,923$25,865,919$16,914,232$97,524,383
83$112,550,326$27,052,749$17,400,259$107,153,308
84$123,947,320$28,295,194$17,900,028$117,752,273
85$136,504,188$29,595,900$18,413,920$129,419,734
86$150,339,156$30,957,640$18,942,327$142,264,172
87$165,582,503$32,383,318$19,485,649$156,405,109
88$182,377,798$33,875,980$20,044,298$171,974,238
89$200,883,249$35,438,818$20,618,696$189,116,660
90$221,273,197$37,075,177$21,209,279$207,992,253
91$243,739,765$38,788,562$21,816,492$228,777,176
92$268,494,669$40,582,650$22,440,793$251,665,529
93$295,771,217$42,461,292$23,082,651$276,871,183
94$325,826,511$44,428,525$23,742,550$304,629,796
95$358,943,873$46,488,581$24,420,984$335,201,031
96$395,435,523$48,645,896$25,118,461$368,871,006
97$435,645,522$50,905,120$25,835,505$405,954,989
98$479,953,021$53,271,127$26,572,650$446,800,371
99$528,775,842$55,749,025$27,330,447$491,789,940
100$582,574,420$58,344,170$28,109,460$541,345,492