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%11.1%
1 years$668,890$662,932$657,119$651,446$645,905$642,913
2 years$331,134$324,967$318,990$313,195$307,574$304,554
3 years$218,563$212,369$206,408$200,667$195,138$192,183
4 years$162,289$156,114$150,212$144,569$139,174$136,307
5 years$128,533$122,395$116,571$111,043$105,798$103,028
6 years$106,036$99,945$94,206$88,802$83,714$81,044
7 years$89,974$83,934$78,286$73,009$68,082$65,514
8 years$77,932$71,947$66,393$61,245$56,481$54,014
9 years$68,572$62,642$57,184$52,168$47,565$45,200
10 years$61,087$55,216$49,854$44,969$40,528$38,262
11 years$54,968$49,156$43,891$39,136$34,855$32,689
12 years$49,872$44,120$38,952$34,328$30,205$28,135
13 years$45,564$39,871$34,801$30,306$26,339$24,364
14 years$41,874$36,242$31,269$26,903$23,089$21,207
15 years$38,679$33,108$28,232$23,992$20,329$18,538
16 years$35,886$30,376$25,596$21,483$17,967$16,263
17 years$33,424$27,975$23,291$19,302$15,931$14,313
18 years$31,239$25,850$21,262$17,395$14,165$12,630
19 years$29,285$23,957$19,464$15,718$12,625$11,170
20 years$27,529$22,262$17,863$14,236$11,277$9,899
21 years$25,943$20,737$16,431$12,920$10,092$8,789
22 years$24,502$19,357$15,144$11,747$9,046$7,814
23 years$23,189$18,104$13,983$10,698$8,120$6,958
24 years$21,987$16,962$12,931$9,757$7,299$6,202
25 years$20,883$15,918$11,977$8,911$6,568$5,534
26 years$19,866$14,961$11,108$8,148$5,916$4,943
27 years$18,925$14,080$10,315$7,458$5,334$4,419
28 years$18,053$13,267$9,589$6,833$4,813$3,953
29 years$17,243$12,516$8,923$6,266$4,346$3,538
30 years$16,488$11,820$8,312$5,751$3,927$3,169
31 years$15,783$11,174$7,749$5,281$3,550$2,840
32 years$15,124$10,573$7,230$4,854$3,211$2,546
33 years$14,506$10,013$6,751$4,463$2,906$2,283
34 years$13,925$9,490$6,307$4,107$2,631$2,049
35 years$13,379$9,001$5,897$3,781$2,383$1,839
36 years$12,865$8,543$5,516$3,482$2,159$1,651
37 years$12,379$8,114$5,163$3,208$1,957$1,482
38 years$11,920$7,711$4,835$2,957$1,774$1,332
39 years$11,486$7,333$4,530$2,726$1,609$1,196
40 years$11,074$6,976$4,246$2,515$1,459$1,075
41 years$10,683$6,641$3,981$2,320$1,324$966
42 years$10,312$6,325$3,735$2,141$1,201$868
43 years$9,960$6,026$3,504$1,977$1,090$781
44 years$9,624$5,744$3,290$1,825$990$702
45 years$9,304$5,477$3,089$1,685$898$631
46 years$8,999$5,225$2,901$1,557$816$568
47 years$8,708$4,987$2,726$1,438$741$511
48 years$8,429$4,760$2,561$1,329$673$459
49 years$8,163$4,546$2,407$1,228$611$413
50 years$7,908$4,342$2,263$1,135$555$372

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 $6,601 every year, while hoping to spend $31,559 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: 65/10/25 Blend
55$8,100,000$8,100,000$8,100,000$8,100,000
56$8,933,009$8,503,709$8,378,159$9,454,918
57$9,810,597$8,886,812$8,625,249$10,190,778
58$10,776,642$9,287,630$8,879,558$10,990,593
59$11,840,132$9,706,996$9,141,296$11,864,076
60$13,010,973$10,145,786$9,410,677$12,818,469
61$14,300,079$10,604,916$9,687,921$13,861,744
62$15,719,476$11,085,346$9,973,255$15,002,673
63$17,282,416$11,588,082$10,266,913$16,250,917
64$19,003,502$12,114,178$10,569,135$17,617,106
65$20,898,825$12,664,738$10,880,166$19,112,947
66$22,986,115$13,240,920$11,200,262$20,751,327
67$25,284,911$13,843,937$11,529,682$22,546,436
68$27,816,741$14,475,060$11,868,696$24,513,898
69$30,605,330$15,135,619$12,217,579$26,670,918
70$33,676,821$15,827,012$12,576,615$29,036,442
71$37,060,021$16,550,699$12,946,096$31,631,334
72$40,786,674$17,308,215$13,326,321$34,478,570
73$44,891,762$18,101,164$13,717,600$37,603,455
74$49,413,831$18,931,231$14,120,249$41,033,860
75$54,395,360$19,800,179$14,534,595$44,800,481
76$59,883,156$20,709,857$14,960,973$48,937,127
77$65,928,800$21,662,202$15,399,728$53,481,038
78$72,589,133$22,659,245$15,851,215$58,473,233
79$79,926,791$23,703,115$16,315,797$63,958,898
80$88,010,798$24,796,042$16,793,851$69,987,804
81$96,917,216$25,940,364$17,285,760$76,614,779
82$106,729,861$27,138,531$17,791,922$83,900,221
83$117,541,099$28,393,111$18,312,744$91,910,666
84$129,452,714$29,706,797$18,848,645$100,719,414
85$142,576,871$31,082,410$19,400,054$110,407,214
86$157,037,171$32,522,907$19,967,415$121,063,027
87$172,969,821$34,031,388$20,551,182$132,784,862
88$190,524,920$35,611,104$21,151,824$145,680,696
89$209,867,872$37,265,458$21,769,820$159,869,490
90$231,180,952$38,998,023$22,405,667$175,482,309
91$254,665,023$40,812,540$23,059,870$192,663,555
92$280,541,433$42,712,931$23,732,953$211,572,328
93$309,054,105$44,703,311$24,425,453$232,383,920
94$340,471,839$46,787,988$25,137,921$255,291,466
95$375,090,849$48,971,483$25,870,924$280,507,767
96$413,237,562$51,258,531$26,625,046$308,267,288
97$455,271,693$53,654,099$27,400,885$338,828,371
98$501,589,649$56,163,393$28,199,058$372,475,667
99$552,628,264$58,791,871$29,020,197$409,522,816
100$608,868,927$61,545,252$29,864,953$450,315,406