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%19.9%
1 years$668,890$662,932$657,119$651,446$645,905$620,278
2 years$331,134$324,967$318,990$313,195$307,574$282,073
3 years$218,563$212,369$206,408$200,667$195,138$170,565
4 years$162,289$156,114$150,212$144,569$139,174$115,717
5 years$128,533$122,395$116,571$111,043$105,798$83,517
6 years$106,036$99,945$94,206$88,802$83,714$62,623
7 years$89,974$83,934$78,286$73,009$68,082$48,173
8 years$77,932$71,947$66,393$61,245$56,481$37,734
9 years$68,572$62,642$57,184$52,168$47,565$29,951
10 years$61,087$55,216$49,854$44,969$40,528$24,013
11 years$54,968$49,156$43,891$39,136$34,855$19,401
12 years$49,872$44,120$38,952$34,328$30,205$15,770
13 years$45,564$39,871$34,801$30,306$26,339$12,879
14 years$41,874$36,242$31,269$26,903$23,089$10,559
15 years$38,679$33,108$28,232$23,992$20,329$8,683
16 years$35,886$30,376$25,596$21,483$17,967$7,158
17 years$33,424$27,975$23,291$19,302$15,931$5,913
18 years$31,239$25,850$21,262$17,395$14,165$4,893
19 years$29,285$23,957$19,464$15,718$12,625$4,054
20 years$27,529$22,262$17,863$14,236$11,277$3,363
21 years$25,943$20,737$16,431$12,920$10,092$2,792
22 years$24,502$19,357$15,144$11,747$9,046$2,320
23 years$23,189$18,104$13,983$10,698$8,120$1,929
24 years$21,987$16,962$12,931$9,757$7,299$1,605
25 years$20,883$15,918$11,977$8,911$6,568$1,335
26 years$19,866$14,961$11,108$8,148$5,916$1,112
27 years$18,925$14,080$10,315$7,458$5,334$926
28 years$18,053$13,267$9,589$6,833$4,813$771
29 years$17,243$12,516$8,923$6,266$4,346$643
30 years$16,488$11,820$8,312$5,751$3,927$535
31 years$15,783$11,174$7,749$5,281$3,550$446
32 years$15,124$10,573$7,230$4,854$3,211$372
33 years$14,506$10,013$6,751$4,463$2,906$310
34 years$13,925$9,490$6,307$4,107$2,631$259
35 years$13,379$9,001$5,897$3,781$2,383$216
36 years$12,865$8,543$5,516$3,482$2,159$180
37 years$12,379$8,114$5,163$3,208$1,957$150
38 years$11,920$7,711$4,835$2,957$1,774$125
39 years$11,486$7,333$4,530$2,726$1,609$104
40 years$11,074$6,976$4,246$2,515$1,459$87
41 years$10,683$6,641$3,981$2,320$1,324$72
42 years$10,312$6,325$3,735$2,141$1,201$60
43 years$9,960$6,026$3,504$1,977$1,090$50
44 years$9,624$5,744$3,290$1,825$990$42
45 years$9,304$5,477$3,089$1,685$898$35
46 years$8,999$5,225$2,901$1,557$816$29
47 years$8,708$4,987$2,726$1,438$741$24
48 years$8,429$4,760$2,561$1,329$673$20
49 years$8,163$4,546$2,407$1,228$611$17
50 years$7,908$4,342$2,263$1,135$555$14

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 $6,204 every year, while hoping to spend $46,106 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: 55/23/22 Blend
55$8,100,000$8,100,000$8,100,000$8,100,000
56$8,932,599$8,503,299$8,377,749$9,370,010
57$9,794,668$8,870,905$8,609,348$10,038,005
58$10,743,123$9,254,977$8,847,159$10,759,715
59$11,786,725$9,656,276$9,091,343$11,544,704
60$12,935,132$10,075,593$9,342,063$12,399,051
61$14,198,979$10,513,761$9,599,487$13,329,443
62$15,589,990$10,971,651$9,863,784$14,343,233
63$17,121,079$11,450,172$10,135,132$15,448,510
64$18,806,478$11,950,279$10,413,707$16,654,171
65$20,661,868$12,472,972$10,699,696$17,970,001
66$22,704,528$13,019,296$10,993,284$19,406,770
67$24,953,495$13,590,348$11,294,665$20,976,324
68$27,429,750$14,187,274$11,604,035$22,691,702
69$30,156,410$14,811,275$11,921,595$24,567,249
70$33,158,947$15,463,611$12,247,552$26,618,756
71$36,465,430$16,145,598$12,582,115$28,863,601
72$40,106,789$16,858,617$12,925,501$31,320,913
73$44,117,106$17,604,114$13,277,930$34,011,748
74$48,533,937$18,383,602$13,639,627$36,959,285
75$53,398,667$19,198,666$14,010,823$40,189,042
76$58,756,898$20,050,969$14,391,753$43,729,116
77$64,658,884$20,942,248$14,782,658$47,610,436
78$71,159,999$21,874,327$15,183,786$51,867,064
79$78,321,263$22,849,114$15,595,388$56,536,501
80$86,209,920$23,868,608$16,017,721$61,660,043
81$94,900,065$24,934,904$16,451,048$67,283,167
82$104,473,353$26,050,195$16,895,639$73,455,953
83$115,019,761$27,216,780$17,351,769$80,233,553
84$126,638,441$28,437,067$17,819,718$87,676,710
85$139,438,657$29,713,578$18,299,773$95,852,322
86$153,540,812$31,048,956$18,792,228$104,834,069
87$169,077,588$32,445,968$19,297,381$114,703,107
88$186,195,198$33,907,516$19,815,539$125,548,824
89$205,054,762$35,436,638$20,347,013$137,469,681
90$225,833,833$37,036,518$20,892,123$150,574,132
91$248,728,068$38,710,492$21,451,194$164,981,645
92$273,953,080$40,462,056$22,024,558$180,823,822
93$301,746,468$42,294,870$22,612,554$198,245,632
94$332,370,062$44,212,773$23,215,529$217,406,776
95$366,112,394$46,219,784$23,833,835$238,483,183
96$403,291,423$48,320,118$24,467,833$261,668,667
97$444,257,532$50,518,189$25,117,890$287,176,745
98$489,396,842$52,818,622$25,784,381$315,242,646
99$539,134,851$55,226,265$26,467,688$346,125,521
100$593,940,451$57,746,197$27,168,202$380,110,880