Can I retire at age 56 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$743,212$736,591$730,133$723,828$717,673$698,623
2 years$367,927$361,074$354,433$347,994$341,749$322,690
3 years$242,848$235,966$229,342$222,963$216,820$198,347
4 years$180,321$173,460$166,902$160,633$154,638$136,894
5 years$142,814$135,995$129,523$123,381$117,553$100,587
6 years$117,818$111,050$104,674$98,669$93,016$76,844
7 years$99,971$93,260$86,984$81,121$75,647$60,270
8 years$86,591$79,941$73,770$68,051$62,756$48,167
9 years$76,191$69,603$63,538$57,964$52,850$39,035
10 years$67,875$61,351$55,394$49,966$45,031$31,973
11 years$61,076$54,618$48,768$43,485$38,728$26,407
12 years$55,414$49,022$43,280$38,142$33,561$21,955
13 years$50,626$44,301$38,668$33,674$29,266$18,350
14 years$46,527$40,269$34,743$29,892$25,654$15,404
15 years$42,977$36,786$31,369$26,658$22,588$12,977
16 years$39,873$33,751$28,440$23,870$19,963$10,964
17 years$37,138$31,083$25,879$21,447$17,701$9,286
18 years$34,710$28,722$23,625$19,328$15,739$7,881
19 years$32,539$26,619$21,627$17,464$14,028$6,700
20 years$30,588$24,736$19,848$15,817$12,530$5,704
21 years$28,825$23,041$18,257$14,355$11,213$4,862
22 years$27,225$21,508$16,826$13,052$10,051$4,149
23 years$25,766$20,116$15,536$11,887$9,022$3,543
24 years$24,430$18,847$14,368$10,841$8,110$3,028
25 years$23,203$17,687$13,308$9,901$7,297$2,590
26 years$22,073$16,623$12,342$9,053$6,573$2,216
27 years$21,028$15,644$11,461$8,286$5,926$1,897
28 years$20,059$14,741$10,654$7,592$5,347$1,624
29 years$19,159$13,907$9,915$6,962$4,829$1,392
30 years$18,320$13,133$9,235$6,390$4,363$1,192
31 years$17,537$12,416$8,610$5,868$3,944$1,022
32 years$16,804$11,748$8,033$5,393$3,568$876
33 years$16,118$11,125$7,501$4,959$3,229$751
34 years$15,473$10,544$7,008$4,563$2,924$644
35 years$14,866$10,001$6,552$4,201$2,648$553
36 years$14,294$9,492$6,129$3,869$2,399$474
37 years$13,754$9,016$5,737$3,564$2,175$407
38 years$13,244$8,568$5,372$3,285$1,971$349
39 years$12,762$8,147$5,033$3,029$1,788$299
40 years$12,304$7,752$4,718$2,794$1,622$257
41 years$11,870$7,379$4,424$2,578$1,471$220
42 years$11,458$7,027$4,150$2,379$1,335$189
43 years$11,066$6,696$3,894$2,196$1,211$162
44 years$10,693$6,382$3,655$2,028$1,100$139
45 years$10,338$6,086$3,432$1,873$998$120
46 years$9,999$5,806$3,223$1,730$906$103
47 years$9,675$5,541$3,028$1,598$823$88
48 years$9,366$5,289$2,846$1,477$747$76
49 years$9,070$5,051$2,675$1,365$679$65
50 years$8,787$4,825$2,515$1,262$617$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $9,000,000, adding $4,349 every year, while hoping to spend $47,987 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: 58/25/17 Blend
55$9,000,000$9,000,000$9,000,000$9,000,000
56$9,922,486$9,445,486$9,305,986$10,453,804
57$10,883,522$9,857,257$9,566,679$11,226,132
58$11,940,975$10,287,596$9,834,496$12,062,048
59$13,104,629$10,737,364$10,109,627$12,972,228
60$14,385,265$11,207,458$10,392,263$13,963,831
61$15,794,761$11,698,822$10,682,602$15,044,732
62$17,346,204$12,212,442$10,980,847$16,223,590
63$19,054,016$12,749,351$11,287,205$17,509,930
64$20,934,089$13,310,632$11,601,889$18,914,231
65$23,003,930$13,897,417$11,925,117$20,448,018
66$25,282,833$14,510,893$12,257,111$22,123,975
67$27,792,059$15,152,304$12,598,101$23,956,056
68$30,555,033$15,822,951$12,948,321$25,959,616
69$33,597,567$16,524,196$13,308,011$28,151,555
70$36,948,107$17,257,470$13,677,417$30,550,469
71$40,637,995$18,024,267$14,056,792$33,176,830
72$44,701,769$18,826,154$14,446,392$36,053,169
73$49,177,486$19,664,773$14,846,484$39,204,288
74$54,107,085$20,541,842$15,257,336$42,657,490
75$59,536,779$21,459,163$15,679,227$46,442,835
76$65,517,490$22,418,622$16,112,441$50,593,414
77$72,105,334$23,422,195$16,557,269$55,145,666
78$79,362,148$24,471,952$17,014,007$60,139,707
79$87,356,073$25,570,063$17,482,962$65,619,714
80$96,162,195$26,718,799$17,964,444$71,634,331
81$105,863,260$27,920,542$18,458,774$78,237,125
82$116,550,448$29,177,783$18,966,278$85,487,087
83$128,324,237$30,493,138$19,487,292$93,449,182
84$141,295,350$31,869,343$20,022,157$102,194,959
85$155,585,801$33,309,266$20,571,224$111,803,219
86$171,330,045$34,815,912$21,134,853$122,360,750
87$188,676,249$36,392,431$21,713,409$133,963,146
88$207,787,687$38,042,121$22,307,270$146,715,697
89$228,844,286$39,768,439$22,916,818$160,734,378
90$252,044,318$41,575,008$23,542,446$176,146,938
91$277,606,279$43,465,624$24,184,558$193,094,095
92$305,770,942$45,444,262$24,843,564$211,730,860
93$336,803,639$47,515,092$25,519,885$232,227,987
94$370,996,760$49,682,481$26,213,950$254,773,582
95$408,672,511$51,951,005$26,926,199$279,574,865
96$450,185,963$54,325,460$27,657,083$306,860,119
97$495,928,397$56,810,872$28,407,060$336,880,835
98$546,330,997$59,412,509$29,176,600$369,914,074
99$601,868,926$62,135,890$29,966,184$406,265,072
100$663,065,808$64,986,799$30,776,303$446,270,112