Can I retire at age 56 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$668,890$662,932$657,119$651,446$645,905$633,382
2 years$331,134$324,967$318,990$313,195$307,574$295,008
3 years$218,563$212,369$206,408$200,667$195,138$182,921
4 years$162,289$156,114$150,212$144,569$139,174$127,400
5 years$128,533$122,395$116,571$111,043$105,798$94,500
6 years$106,036$99,945$94,206$88,802$83,714$72,906
7 years$89,974$83,934$78,286$73,009$68,082$57,765
8 years$77,932$71,947$66,393$61,245$56,481$46,652
9 years$68,572$62,642$57,184$52,168$47,565$38,219
10 years$61,087$55,216$49,854$44,969$40,528$31,656
11 years$54,968$49,156$43,891$39,136$34,855$26,446
12 years$49,872$44,120$38,952$34,328$30,205$22,247
13 years$45,564$39,871$34,801$30,306$26,339$18,820
14 years$41,874$36,242$31,269$26,903$23,089$15,993
15 years$38,679$33,108$28,232$23,992$20,329$13,643
16 years$35,886$30,376$25,596$21,483$17,967$11,675
17 years$33,424$27,975$23,291$19,302$15,931$10,018
18 years$31,239$25,850$21,262$17,395$14,165$8,615
19 years$29,285$23,957$19,464$15,718$12,625$7,423
20 years$27,529$22,262$17,863$14,236$11,277$6,406
21 years$25,943$20,737$16,431$12,920$10,092$5,537
22 years$24,502$19,357$15,144$11,747$9,046$4,790
23 years$23,189$18,104$13,983$10,698$8,120$4,149
24 years$21,987$16,962$12,931$9,757$7,299$3,597
25 years$20,883$15,918$11,977$8,911$6,568$3,120
26 years$19,866$14,961$11,108$8,148$5,916$2,709
27 years$18,925$14,080$10,315$7,458$5,334$2,353
28 years$18,053$13,267$9,589$6,833$4,813$2,045
29 years$17,243$12,516$8,923$6,266$4,346$1,778
30 years$16,488$11,820$8,312$5,751$3,927$1,546
31 years$15,783$11,174$7,749$5,281$3,550$1,345
32 years$15,124$10,573$7,230$4,854$3,211$1,171
33 years$14,506$10,013$6,751$4,463$2,906$1,019
34 years$13,925$9,490$6,307$4,107$2,631$887
35 years$13,379$9,001$5,897$3,781$2,383$772
36 years$12,865$8,543$5,516$3,482$2,159$673
37 years$12,379$8,114$5,163$3,208$1,957$586
38 years$11,920$7,711$4,835$2,957$1,774$510
39 years$11,486$7,333$4,530$2,726$1,609$445
40 years$11,074$6,976$4,246$2,515$1,459$387
41 years$10,683$6,641$3,981$2,320$1,324$338
42 years$10,312$6,325$3,735$2,141$1,201$294
43 years$9,960$6,026$3,504$1,977$1,090$256
44 years$9,624$5,744$3,290$1,825$990$223
45 years$9,304$5,477$3,089$1,685$898$195
46 years$8,999$5,225$2,901$1,557$816$170
47 years$8,708$4,987$2,726$1,438$741$148
48 years$8,429$4,760$2,561$1,329$673$129
49 years$8,163$4,546$2,407$1,228$611$112
50 years$7,908$4,342$2,263$1,135$555$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $8,100,000, adding $5,789 every year, while hoping to spend $58,182 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: 55/26/19 Blend
55$8,100,000$8,100,000$8,100,000$8,100,000
56$8,932,171$8,502,871$8,377,321$9,377,426
57$9,781,348$8,857,607$8,596,056$10,036,919
58$10,715,190$9,227,774$8,820,169$10,748,035
59$11,742,273$9,614,069$9,049,778$11,521,146
60$12,872,043$10,017,217$9,285,004$12,362,200
61$14,114,910$10,437,979$9,525,970$13,277,739
62$15,482,341$10,877,150$9,772,801$14,274,954
63$16,986,974$11,335,564$10,025,624$15,361,756
64$18,642,730$11,814,092$10,284,567$16,546,848
65$20,464,951$12,313,645$10,549,762$17,839,801
66$22,470,538$12,835,176$10,821,342$19,251,147
67$24,678,118$13,379,685$11,099,442$20,792,473
68$27,108,212$13,948,215$11,384,199$22,476,530
69$29,783,433$14,541,861$11,675,753$24,317,350
70$32,728,697$15,161,766$11,974,245$26,330,374
71$35,971,460$15,809,128$12,279,817$28,532,597
72$39,541,974$16,485,201$12,592,616$30,942,727
73$43,473,576$17,191,296$12,912,789$33,581,355
74$47,802,998$17,928,786$13,240,485$36,471,150
75$52,570,717$18,699,110$13,575,855$39,637,066
76$57,821,336$19,503,772$13,919,051$43,106,577
77$63,604,002$20,344,347$14,270,230$46,909,934
78$69,972,875$21,222,485$14,629,547$51,080,441
79$76,987,632$22,139,911$14,997,161$55,654,772
80$84,714,037$23,098,433$15,373,232$60,673,310
81$93,224,556$24,099,943$15,757,922$66,180,526
82$102,599,042$25,146,422$16,151,394$72,225,392
83$112,925,492$26,239,944$16,553,814$78,861,840
84$124,300,873$27,382,681$16,965,347$86,149,267
85$136,832,037$28,576,908$17,386,161$94,153,091
86$150,636,732$29,825,004$17,816,425$102,945,361
87$165,844,713$31,129,464$18,256,310$112,605,436
88$182,598,964$32,492,898$18,705,987$123,220,723
89$201,057,049$33,918,040$19,165,627$134,887,502
90$221,392,597$35,407,753$19,635,405$147,711,825
91$243,796,944$36,965,035$20,115,493$161,810,514
92$268,480,938$38,593,027$20,606,068$177,312,254
93$295,676,925$40,295,017$21,107,302$194,358,801
94$325,640,947$42,074,449$21,619,373$213,106,318
95$358,655,156$43,934,929$22,142,454$233,726,834
96$395,030,477$45,880,236$22,676,722$256,409,868
97$435,109,545$47,914,327$23,222,351$281,364,203
98$479,269,936$50,041,346$23,779,517$308,819,854
99$527,927,732$52,265,634$24,348,393$339,030,227
100$581,541,449$54,591,739$24,929,153$372,274,503