Can I retire at age 56 with 9,100,000?

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 $9,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$751,469$744,776$738,245$731,871$725,647$719,567
2 years$372,015$365,086$358,371$351,861$345,546$339,418
3 years$245,546$238,588$231,890$225,441$219,229$213,243
4 years$182,324$175,387$168,757$162,417$156,356$150,558
5 years$144,401$137,506$130,962$124,752$118,859$113,267
6 years$119,127$112,284$105,837$99,765$94,049$88,669
7 years$101,082$94,296$87,951$82,023$76,487$71,322
8 years$87,554$80,829$74,589$68,807$63,453$58,503
9 years$77,037$70,376$64,244$58,608$53,437$48,699
10 years$68,629$62,033$56,009$50,521$45,531$41,004
11 years$61,754$55,224$49,310$43,968$39,158$34,838
12 years$56,029$49,566$43,761$38,566$33,934$29,817
13 years$51,189$44,794$39,098$34,048$29,591$25,672
14 years$47,043$40,716$35,129$30,224$25,939$22,214
15 years$43,454$37,195$31,717$26,954$22,839$19,302
16 years$40,316$34,126$28,756$24,135$20,185$16,831
17 years$37,551$31,428$26,167$21,685$17,897$14,720
18 years$35,095$29,041$23,887$19,542$15,914$12,907
19 years$32,901$26,915$21,867$17,658$14,184$11,343
20 years$30,928$25,011$20,069$15,993$12,670$9,987
21 years$29,146$23,297$18,459$14,515$11,338$8,808
22 years$27,527$21,747$17,013$13,197$10,163$7,779
23 years$26,052$20,339$15,709$12,019$9,123$6,879
24 years$24,702$19,056$14,528$10,962$8,200$6,090
25 years$23,461$17,884$13,456$10,011$7,378$5,397
26 years$22,318$16,808$12,480$9,154$6,646$4,786
27 years$21,261$15,818$11,588$8,379$5,992$4,248
28 years$20,282$14,905$10,773$7,677$5,407$3,773
29 years$19,372$14,061$10,025$7,040$4,882$3,353
30 years$18,524$13,279$9,338$6,461$4,411$2,982
31 years$17,732$12,553$8,706$5,933$3,988$2,652
32 years$16,991$11,878$8,122$5,453$3,608$2,360
33 years$16,297$11,249$7,584$5,015$3,265$2,101
34 years$15,645$10,661$7,086$4,614$2,956$1,871
35 years$15,031$10,112$6,625$4,247$2,677$1,667
36 years$14,453$9,598$6,197$3,912$2,426$1,485
37 years$13,907$9,116$5,801$3,604$2,199$1,324
38 years$13,392$8,663$5,432$3,322$1,993$1,180
39 years$12,904$8,238$5,089$3,063$1,808$1,052
40 years$12,441$7,838$4,770$2,825$1,640$938
41 years$12,002$7,461$4,473$2,607$1,487$837
42 years$11,586$7,105$4,196$2,406$1,350$746
43 years$11,189$6,770$3,937$2,221$1,225$666
44 years$10,812$6,453$3,696$2,050$1,112$594
45 years$10,453$6,154$3,470$1,894$1,009$530
46 years$10,110$5,870$3,259$1,749$916$473
47 years$9,783$5,602$3,062$1,616$832$422
48 years$9,470$5,348$2,877$1,493$756$376
49 years$9,171$5,107$2,705$1,380$686$336
50 years$8,885$4,878$2,543$1,276$623$300

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $9,100,000, adding $3,383 every year, while hoping to spend $39,404 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: 70/20/10 Blend
55$9,100,000$9,100,000$9,100,000$9,100,000
56$10,031,690$9,549,390$9,408,340$10,713,964
57$11,012,996$9,975,384$9,681,593$11,592,398
58$12,093,076$10,420,932$9,962,681$12,548,210
59$13,281,961$10,886,949$10,251,822$13,593,084
60$14,590,707$11,374,396$10,549,244$14,735,775
61$16,031,497$11,884,278$10,855,181$15,985,914
62$17,617,751$12,417,650$11,169,871$17,354,102
63$19,364,261$12,975,614$11,493,562$18,852,004
64$21,287,325$13,559,328$11,826,505$20,492,463
65$23,404,900$14,170,003$12,168,961$22,289,612
66$25,736,775$14,808,909$12,521,197$24,259,009
67$28,304,756$15,477,375$12,883,486$26,417,784
68$31,132,870$16,176,795$13,256,112$28,784,793
69$34,247,594$16,908,629$13,639,363$31,380,796
70$37,678,103$17,674,407$14,033,536$34,228,651
71$41,456,549$18,475,732$14,438,938$37,353,527
72$45,618,356$19,314,282$14,855,883$40,783,137
73$50,202,566$20,191,819$15,284,692$44,547,998
74$55,252,195$21,110,186$15,725,697$48,681,717
75$60,814,649$22,071,315$16,179,238$53,221,302
76$66,942,166$23,077,232$16,645,664$58,207,509
77$73,692,308$24,130,058$17,125,336$63,685,227
78$81,128,509$25,232,017$17,618,620$69,703,893
79$89,320,670$26,385,438$18,125,897$76,317,954
80$98,345,818$27,592,765$18,647,554$83,587,385
81$108,288,837$28,856,555$19,183,992$91,578,241
82$119,243,263$30,179,491$19,735,621$100,363,283
83$131,312,173$31,564,383$20,302,861$110,022,658
84$144,609,153$33,014,177$20,886,146$120,644,648
85$159,259,375$34,531,960$21,485,920$132,326,504
86$175,400,772$36,120,966$22,102,639$145,175,356
87$193,185,345$37,784,588$22,736,772$159,309,216
88$212,780,597$39,526,379$23,388,800$174,858,090
89$234,371,109$41,350,063$24,059,216$191,965,200
90$258,160,291$43,259,545$24,748,529$210,788,326
91$284,372,295$45,258,917$25,457,258$231,501,292
92$313,254,131$47,352,467$26,185,939$254,295,597
93$345,078,005$49,544,690$26,935,121$279,382,220
94$380,143,881$51,840,299$27,705,366$306,993,601
95$418,782,315$54,244,232$28,497,255$337,385,828
96$461,357,578$56,761,666$29,311,380$370,841,046
97$508,271,091$59,398,028$30,148,351$407,670,114
98$559,965,216$62,159,005$31,008,794$448,215,528
99$616,927,432$65,050,560$31,893,353$492,854,647
100$679,694,935$68,078,942$32,802,685$542,003,244