Can I retire at age 56 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$718,438$712,038$705,795$699,701$693,750$672,081
2 years$355,662$349,038$342,619$336,395$330,357$308,719
3 years$234,753$228,100$221,697$215,531$209,592$188,663
4 years$174,310$167,678$161,339$155,278$149,483$129,424
5 years$138,054$131,462$125,205$119,269$113,635$94,500
6 years$113,891$107,348$101,185$95,380$89,915$71,721
7 years$96,638$90,151$84,085$78,417$73,125$55,870
8 years$83,705$77,276$71,311$65,782$60,664$44,336
9 years$73,651$67,283$61,420$56,032$51,088$35,670
10 years$65,612$59,306$53,547$48,300$43,530$28,998
11 years$59,040$52,797$47,142$42,035$37,437$23,766
12 years$53,566$47,388$41,837$36,871$32,442$19,603
13 years$48,939$42,825$37,379$32,551$28,290$16,252
14 years$44,976$38,926$33,585$28,895$24,799$13,530
15 years$41,544$35,560$30,323$25,770$21,835$11,302
16 years$38,544$32,626$27,492$23,074$19,298$9,467
17 years$35,900$30,047$25,017$20,732$17,111$7,948
18 years$33,553$27,765$22,837$18,683$15,214$6,686
19 years$31,454$25,732$20,906$16,882$13,561$5,633
20 years$29,569$23,911$19,187$15,290$12,113$4,752
21 years$27,864$22,273$17,648$13,877$10,839$4,013
22 years$26,317$20,791$16,265$12,617$9,716$3,393
23 years$24,907$19,445$15,018$11,491$8,722$2,870
24 years$23,616$18,219$13,889$10,480$7,839$2,430
25 years$22,430$17,097$12,864$9,571$7,054$2,058
26 years$21,337$16,069$11,931$8,751$6,354$1,744
27 years$20,327$15,123$11,079$8,010$5,729$1,478
28 years$19,390$14,250$10,299$7,339$5,169$1,254
29 years$18,520$13,443$9,584$6,730$4,668$1,064
30 years$17,709$12,696$8,928$6,177$4,217$902
31 years$16,953$12,002$8,323$5,673$3,813$766
32 years$16,244$11,356$7,765$5,213$3,449$650
33 years$15,580$10,754$7,251$4,794$3,121$552
34 years$14,957$10,193$6,775$4,411$2,826$468
35 years$14,370$9,668$6,334$4,061$2,560$398
36 years$13,818$9,176$5,925$3,740$2,319$338
37 years$13,296$8,715$5,546$3,446$2,102$287
38 years$12,803$8,282$5,193$3,176$1,906$244
39 years$12,336$7,876$4,866$2,928$1,728$207
40 years$11,894$7,493$4,561$2,701$1,567$176
41 years$11,475$7,133$4,276$2,492$1,422$149
42 years$11,076$6,793$4,011$2,300$1,290$127
43 years$10,697$6,472$3,764$2,123$1,171$108
44 years$10,337$6,169$3,533$1,960$1,063$92
45 years$9,993$5,883$3,318$1,810$965$78
46 years$9,665$5,612$3,116$1,672$876$66
47 years$9,353$5,356$2,927$1,545$796$56
48 years$9,054$5,113$2,751$1,428$723$48
49 years$8,768$4,883$2,586$1,319$656$41
50 years$8,494$4,664$2,431$1,219$596$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $8,700,000, adding $4,791 every year, while hoping to spend $58,620 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: 46/46/8 Blend
55$8,700,000$8,700,000$8,700,000$8,700,000
56$9,592,342$9,131,242$8,996,392$10,012,205
57$10,508,390$9,516,302$9,235,400$10,686,991
58$11,515,909$9,918,264$9,480,450$11,412,089
59$12,624,170$10,337,897$9,731,682$12,197,296
60$13,843,382$10,776,001$9,989,241$13,048,187
61$15,184,798$11,233,416$10,253,271$13,970,884
62$16,660,814$11,711,020$10,523,922$14,972,107
63$18,285,089$12,209,732$10,801,346$16,059,237
64$20,072,674$12,730,515$11,085,697$17,240,378
65$22,040,152$13,274,375$11,377,133$18,524,438
66$24,205,794$13,842,366$11,675,814$19,921,201
67$26,589,735$14,435,591$11,981,903$21,441,418
68$29,214,158$15,055,206$12,295,567$23,096,906
69$32,103,509$15,702,418$12,616,976$24,900,655
70$35,284,723$16,378,493$12,946,301$26,866,944
71$38,787,481$17,084,755$13,283,718$29,011,472
72$42,644,488$17,822,591$13,629,406$31,351,501
73$46,891,780$18,593,453$13,983,545$33,906,016
74$51,569,069$19,398,860$14,346,322$36,695,896
75$56,720,113$20,240,403$14,717,923$39,744,105
76$62,393,130$21,119,748$15,098,539$43,075,907
77$68,641,253$22,038,640$15,488,363$46,719,094
78$75,523,032$22,998,904$15,887,594$50,704,243
79$83,102,983$24,002,452$16,296,431$55,064,998
80$91,452,203$25,051,288$16,715,076$59,838,384
81$100,649,033$26,147,506$17,143,737$65,065,141
82$110,779,804$27,293,304$17,582,622$70,790,111
83$121,939,648$28,490,980$18,031,944$77,062,643
84$134,233,396$29,742,941$18,491,917$83,937,059
85$147,776,567$31,051,710$18,962,761$91,473,153
86$162,696,459$32,419,926$19,444,696$99,736,748
87$179,133,351$33,850,355$19,937,946$108,800,307
88$197,241,824$35,345,894$20,442,739$118,743,607
89$217,192,222$36,909,576$20,959,303$129,654,482
90$239,172,261$38,544,577$21,487,872$141,629,641
91$263,388,797$40,254,226$22,028,681$154,775,570
92$290,069,780$42,042,009$22,581,967$169,209,523
93$319,466,405$43,911,575$23,147,971$185,060,618
94$351,855,486$45,866,750$23,726,935$202,471,042
95$387,542,064$47,911,539$24,319,106$221,597,382
96$426,862,288$50,050,137$24,924,729$242,612,083
97$470,186,589$52,286,942$25,544,056$265,705,066
98$517,923,176$54,626,557$26,177,336$291,085,505
99$570,521,888$57,073,806$26,824,825$318,983,779
100$628,478,441$59,633,743$27,486,777$349,653,638