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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.3%
1 years$668,890$662,932$657,119$651,446$645,905$642,373
2 years$331,134$324,967$318,990$313,195$307,574$304,010
3 years$218,563$212,369$206,408$200,667$195,138$191,652
4 years$162,289$156,114$150,212$144,569$139,174$135,793
5 years$128,533$122,395$116,571$111,043$105,798$102,533
6 years$106,036$99,945$94,206$88,802$83,714$80,568
7 years$89,974$83,934$78,286$73,009$68,082$65,057
8 years$77,932$71,947$66,393$61,245$56,481$53,577
9 years$68,572$62,642$57,184$52,168$47,565$44,782
10 years$61,087$55,216$49,854$44,969$40,528$37,863
11 years$54,968$49,156$43,891$39,136$34,855$32,308
12 years$49,872$44,120$38,952$34,328$30,205$27,773
13 years$45,564$39,871$34,801$30,306$26,339$24,020
14 years$41,874$36,242$31,269$26,903$23,089$20,880
15 years$38,679$33,108$28,232$23,992$20,329$18,228
16 years$35,886$30,376$25,596$21,483$17,967$15,970
17 years$33,424$27,975$23,291$19,302$15,931$14,035
18 years$31,239$25,850$21,262$17,395$14,165$12,367
19 years$29,285$23,957$19,464$15,718$12,625$10,923
20 years$27,529$22,262$17,863$14,236$11,277$9,666
21 years$25,943$20,737$16,431$12,920$10,092$8,569
22 years$24,502$19,357$15,144$11,747$9,046$7,608
23 years$23,189$18,104$13,983$10,698$8,120$6,763
24 years$21,987$16,962$12,931$9,757$7,299$6,020
25 years$20,883$15,918$11,977$8,911$6,568$5,363
26 years$19,866$14,961$11,108$8,148$5,916$4,783
27 years$18,925$14,080$10,315$7,458$5,334$4,269
28 years$18,053$13,267$9,589$6,833$4,813$3,813
29 years$17,243$12,516$8,923$6,266$4,346$3,407
30 years$16,488$11,820$8,312$5,751$3,927$3,047
31 years$15,783$11,174$7,749$5,281$3,550$2,726
32 years$15,124$10,573$7,230$4,854$3,211$2,440
33 years$14,506$10,013$6,751$4,463$2,906$2,185
34 years$13,925$9,490$6,307$4,107$2,631$1,957
35 years$13,379$9,001$5,897$3,781$2,383$1,753
36 years$12,865$8,543$5,516$3,482$2,159$1,572
37 years$12,379$8,114$5,163$3,208$1,957$1,409
38 years$11,920$7,711$4,835$2,957$1,774$1,263
39 years$11,486$7,333$4,530$2,726$1,609$1,133
40 years$11,074$6,976$4,246$2,515$1,459$1,016
41 years$10,683$6,641$3,981$2,320$1,324$912
42 years$10,312$6,325$3,735$2,141$1,201$818
43 years$9,960$6,026$3,504$1,977$1,090$734
44 years$9,624$5,744$3,290$1,825$990$659
45 years$9,304$5,477$3,089$1,685$898$592
46 years$8,999$5,225$2,901$1,557$816$531
47 years$8,708$4,987$2,726$1,438$741$477
48 years$8,429$4,760$2,561$1,329$673$428
49 years$8,163$4,546$2,407$1,228$611$385
50 years$7,908$4,342$2,263$1,135$555$345

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 $3,386 every year, while hoping to spend $32,732 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: 32/50/18 Blend
55$8,100,000$8,100,000$8,100,000$8,100,000
56$8,929,693$8,500,393$8,374,843$9,165,174
57$9,805,695$8,882,085$8,620,573$9,722,419
58$10,769,952$9,281,384$8,873,439$10,318,997
59$11,831,432$9,699,116$9,133,644$10,960,895
60$13,000,015$10,136,151$9,401,398$11,652,093
61$14,286,590$10,593,396$9,676,919$12,396,947
62$15,703,154$11,071,804$9,960,427$13,200,229
63$17,262,927$11,572,372$10,252,152$14,067,166
64$18,980,474$12,096,148$10,552,328$15,003,487
65$20,871,849$12,644,225$10,861,197$16,015,473
66$22,954,737$13,217,752$11,179,008$17,110,009
67$25,248,630$13,817,932$11,506,014$18,294,646
68$27,775,005$14,446,025$11,842,480$19,577,669
69$30,557,526$15,103,351$12,188,674$20,968,164
70$33,622,273$15,791,294$12,544,873$22,476,107
71$36,997,982$16,511,305$12,911,364$24,112,445
72$40,716,320$17,264,903$13,288,439$25,889,196
73$44,812,182$18,053,680$13,676,398$27,819,557
74$49,324,020$18,879,306$14,075,553$29,918,020
75$54,294,206$19,743,528$14,486,220$32,200,506
76$59,769,434$20,648,180$14,908,728$34,684,500
77$65,801,158$21,595,183$15,343,412$37,389,219
78$72,446,078$22,586,548$15,790,618$40,335,778
79$79,766,676$23,624,387$16,250,701$43,547,382
80$87,831,804$24,710,909$16,724,027$47,049,540
81$96,717,336$25,848,432$17,210,970$50,870,292
82$106,506,884$27,039,384$17,711,917$55,040,469
83$117,292,583$28,286,311$18,227,263$59,593,972
84$129,175,967$29,591,880$18,757,417$64,568,079
85$142,268,921$30,958,888$19,302,795$70,003,791
86$156,694,742$32,390,264$19,863,830$75,946,204
87$172,589,300$33,889,082$20,440,963$82,444,925
88$190,102,321$35,458,560$21,034,648$89,554,527
89$209,398,801$37,102,073$21,645,352$97,335,051
90$230,660,563$38,823,158$22,273,556$105,852,559
91$254,087,972$40,625,524$22,919,751$115,179,746
92$279,901,827$42,513,057$23,584,445$125,396,607
93$308,345,447$44,489,831$24,268,157$136,591,179
94$339,686,966$46,560,116$24,971,424$148,860,357
95$374,221,864$48,728,389$25,694,794$162,310,789
96$412,275,756$50,999,342$26,438,832$177,059,868
97$454,207,468$53,377,895$27,204,118$193,236,816
98$500,412,422$55,869,204$27,991,248$210,983,892
99$551,326,369$58,478,674$28,800,834$230,457,708
100$607,429,502$61,211,973$29,633,506$251,830,689