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%18.7%
1 years$644,117$638,379$632,782$627,318$621,983$600,153
2 years$318,870$312,931$307,176$301,595$296,182$274,418
3 years$210,468$204,504$198,763$193,235$187,910$166,896
4 years$156,278$150,332$144,648$139,215$134,019$113,915
5 years$123,772$117,862$112,253$106,930$101,879$82,739
6 years$102,109$96,243$90,717$85,513$80,614$62,451
7 years$86,641$80,825$75,386$70,305$65,560$48,372
8 years$75,046$69,282$63,934$58,977$54,389$38,160
9 years$66,032$60,322$55,066$50,235$45,803$30,514
10 years$58,825$53,171$48,008$43,303$39,027$24,651
11 years$52,932$47,335$42,265$37,687$33,564$20,073
12 years$48,025$42,486$37,509$33,057$29,086$16,447
13 years$43,876$38,395$33,512$29,184$25,364$13,543
14 years$40,323$34,900$30,111$25,906$22,234$11,197
15 years$37,246$31,881$27,186$23,104$19,576$9,287
16 years$34,557$29,251$24,648$20,687$17,301$7,723
17 years$32,186$26,939$22,429$18,587$15,341$6,437
18 years$30,082$24,893$20,475$16,751$13,640$5,374
19 years$28,201$23,070$18,744$15,136$12,158$4,494
20 years$26,510$21,438$17,202$13,708$10,860$3,762
21 years$24,982$19,969$15,822$12,441$9,718$3,153
22 years$23,595$18,640$14,583$11,312$8,711$2,644
23 years$22,330$17,434$13,465$10,302$7,819$2,219
24 years$21,173$16,334$12,453$9,396$7,028$1,864
25 years$20,110$15,329$11,534$8,581$6,324$1,566
26 years$19,130$14,407$10,697$7,846$5,697$1,317
27 years$18,224$13,558$9,933$7,182$5,136$1,107
28 years$17,384$12,776$9,234$6,580$4,634$931
29 years$16,604$12,053$8,593$6,034$4,185$784
30 years$15,877$11,382$8,004$5,538$3,781$659
31 years$15,199$10,760$7,462$5,086$3,419$555
32 years$14,564$10,181$6,962$4,674$3,092$467
33 years$13,969$9,642$6,501$4,298$2,799$393
34 years$13,410$9,138$6,074$3,955$2,534$331
35 years$12,884$8,667$5,678$3,640$2,295$279
36 years$12,388$8,227$5,312$3,353$2,079$235
37 years$11,921$7,813$4,972$3,089$1,885$198
38 years$11,479$7,426$4,656$2,847$1,709$167
39 years$11,060$7,061$4,362$2,625$1,549$140
40 years$10,664$6,718$4,089$2,422$1,405$118
41 years$10,288$6,395$3,834$2,234$1,275$100
42 years$9,931$6,090$3,596$2,062$1,157$84
43 years$9,591$5,803$3,375$1,903$1,050$71
44 years$9,268$5,531$3,168$1,757$953$59
45 years$8,959$5,275$2,974$1,623$865$50
46 years$8,666$5,032$2,794$1,499$786$42
47 years$8,385$4,802$2,625$1,385$713$36
48 years$8,117$4,584$2,466$1,280$648$30
49 years$7,861$4,377$2,318$1,183$588$25
50 years$7,616$4,182$2,179$1,093$534$21

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 $3,174 every year, while hoping to spend $29,786 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: 74/15/11 Blend
55$7,800,000$7,800,000$7,800,000$7,800,000
56$8,598,874$8,185,474$8,064,574$9,216,732
57$9,444,267$8,554,870$8,303,045$9,994,393
58$10,374,892$8,941,368$8,548,507$10,842,106
59$11,399,411$9,345,775$8,801,162$11,770,027
60$12,527,368$9,768,936$9,061,218$12,786,094
61$13,769,282$10,211,736$9,328,891$13,899,050
62$15,136,741$10,675,103$9,604,401$15,118,515
63$16,642,514$11,160,009$9,887,974$16,455,082
64$18,300,674$11,667,473$10,179,845$17,920,413
65$20,126,727$12,198,563$10,480,253$19,527,348
66$22,137,757$12,754,396$10,789,446$21,290,025
67$24,352,592$13,336,146$11,107,676$23,224,009
68$26,791,979$13,945,040$11,435,206$25,346,443
69$29,478,780$14,582,365$11,772,304$27,676,203
70$32,438,186$15,249,472$12,119,247$30,234,076
71$35,697,957$15,947,772$12,476,318$33,042,954
72$39,288,683$16,678,748$12,843,810$36,128,051
73$43,244,075$17,443,952$13,222,023$39,517,133
74$47,601,276$18,245,011$13,611,266$43,240,783
75$52,401,220$19,083,631$14,011,858$47,332,686
76$57,689,015$19,961,599$14,424,125$51,829,945
77$63,514,364$20,880,788$14,848,404$56,773,425
78$69,932,043$21,843,160$15,285,039$62,208,143
79$77,002,411$22,850,774$15,734,387$68,183,684
80$84,791,981$23,905,786$16,196,813$74,754,670
81$93,374,050$25,010,456$16,672,693$81,981,272
82$102,829,388$26,167,154$17,162,413$89,929,773
83$113,247,003$27,378,362$17,666,372$98,673,194
84$124,724,979$28,646,683$18,184,977$108,291,975
85$137,371,402$29,974,846$18,718,649$118,874,737
86$151,305,382$31,365,710$19,267,820$130,519,109
87$166,658,173$32,822,272$19,832,934$143,332,650
88$183,574,417$34,347,674$20,414,448$157,433,860
89$202,213,508$35,945,210$21,012,832$172,953,291
90$222,751,093$37,618,332$21,628,569$190,034,779
91$245,380,733$39,370,659$22,262,155$208,836,797
92$270,315,731$41,205,984$22,914,100$229,533,941
93$297,791,142$43,128,285$23,584,929$252,318,583
94$328,065,997$45,141,729$24,275,183$277,402,672
95$361,425,742$47,250,687$24,985,415$305,019,736
96$398,184,937$49,459,740$25,716,195$335,427,078
97$438,690,223$51,773,690$26,468,111$368,908,200
98$483,323,597$54,197,572$27,241,764$405,775,473
99$532,506,015$56,736,664$28,037,773$446,373,080
100$586,701,366$59,396,498$28,856,777$491,080,257