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%14.2%
1 years$751,469$744,776$738,245$731,871$725,647$713,039
2 years$372,015$365,086$358,371$351,861$345,546$332,885
3 years$245,546$238,588$231,890$225,441$219,229$206,908
4 years$182,324$175,387$168,757$162,417$156,356$144,471
5 years$144,401$137,506$130,962$124,752$118,859$107,444
6 years$119,127$112,284$105,837$99,765$94,049$83,117
7 years$101,082$94,296$87,951$82,023$76,487$66,041
8 years$87,554$80,829$74,589$68,807$63,453$53,491
9 years$77,037$70,376$64,244$58,608$53,437$43,953
10 years$68,629$62,033$56,009$50,521$45,531$36,516
11 years$61,754$55,224$49,310$43,968$39,158$30,603
12 years$56,029$49,566$43,761$38,566$33,934$25,827
13 years$51,189$44,794$39,098$34,048$29,591$21,921
14 years$47,043$40,716$35,129$30,224$25,939$18,692
15 years$43,454$37,195$31,717$26,954$22,839$16,000
16 years$40,316$34,126$28,756$24,135$20,185$13,741
17 years$37,551$31,428$26,167$21,685$17,897$11,833
18 years$35,095$29,041$23,887$19,542$15,914$10,213
19 years$32,901$26,915$21,867$17,658$14,184$8,832
20 years$30,928$25,011$20,069$15,993$12,670$7,651
21 years$29,146$23,297$18,459$14,515$11,338$6,637
22 years$27,527$21,747$17,013$13,197$10,163$5,765
23 years$26,052$20,339$15,709$12,019$9,123$5,013
24 years$24,702$19,056$14,528$10,962$8,200$4,362
25 years$23,461$17,884$13,456$10,011$7,378$3,800
26 years$22,318$16,808$12,480$9,154$6,646$3,312
27 years$21,261$15,818$11,588$8,379$5,992$2,888
28 years$20,282$14,905$10,773$7,677$5,407$2,520
29 years$19,372$14,061$10,025$7,040$4,882$2,200
30 years$18,524$13,279$9,338$6,461$4,411$1,921
31 years$17,732$12,553$8,706$5,933$3,988$1,678
32 years$16,991$11,878$8,122$5,453$3,608$1,467
33 years$16,297$11,249$7,584$5,015$3,265$1,282
34 years$15,645$10,661$7,086$4,614$2,956$1,121
35 years$15,031$10,112$6,625$4,247$2,677$980
36 years$14,453$9,598$6,197$3,912$2,426$857
37 years$13,907$9,116$5,801$3,604$2,199$750
38 years$13,392$8,663$5,432$3,322$1,993$656
39 years$12,904$8,238$5,089$3,063$1,808$574
40 years$12,441$7,838$4,770$2,825$1,640$502
41 years$12,002$7,461$4,473$2,607$1,487$440
42 years$11,586$7,105$4,196$2,406$1,350$385
43 years$11,189$6,770$3,937$2,221$1,225$337
44 years$10,812$6,453$3,696$2,050$1,112$295
45 years$10,453$6,154$3,470$1,894$1,009$258
46 years$10,110$5,870$3,259$1,749$916$226
47 years$9,783$5,602$3,062$1,616$832$198
48 years$9,470$5,348$2,877$1,493$756$173
49 years$9,171$5,107$2,705$1,380$686$151
50 years$8,885$4,878$2,543$1,276$623$133

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 $5,852 every year, while hoping to spend $28,190 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: 53/25/22 Blend
55$9,100,000$9,100,000$9,100,000$9,100,000
56$10,034,236$9,551,936$9,410,886$10,504,900
57$11,027,735$9,989,987$9,696,157$11,267,558
58$12,121,625$10,448,558$9,990,040$12,093,605
59$13,326,117$10,928,624$10,292,793$12,991,907
60$14,652,462$11,431,208$10,604,683$13,969,364
61$16,113,058$11,957,382$10,925,984$15,033,559
62$17,721,565$12,508,268$11,256,979$16,192,831
63$19,493,036$13,085,045$11,597,960$17,456,346
64$21,444,059$13,688,946$11,949,225$18,834,184
65$23,592,913$14,321,264$12,311,083$20,337,431
66$25,959,739$14,983,354$12,683,854$21,978,279
67$28,566,732$15,676,638$13,067,862$23,770,137
68$31,438,350$16,402,605$13,463,447$25,727,758
69$34,601,544$17,162,815$13,870,955$27,867,372
70$38,086,013$17,958,905$14,290,744$30,206,834
71$41,924,484$18,792,589$14,723,181$32,765,792
72$46,153,021$19,665,665$15,168,647$35,565,868
73$50,811,364$20,580,017$15,627,531$38,630,856
74$55,943,306$21,537,621$16,100,237$41,986,943
75$61,597,105$22,540,546$16,587,177$45,662,952
76$67,825,941$23,590,964$17,088,778$49,690,608
77$74,688,414$24,691,149$17,605,480$54,104,836
78$82,249,104$25,843,486$18,137,734$58,944,081
79$90,579,171$27,050,476$18,686,007$64,250,667
80$99,757,036$28,314,738$19,250,778$70,071,194
81$109,869,115$29,639,022$19,832,540$76,456,965
82$121,010,637$31,026,207$20,431,803$83,464,473
83$133,286,543$32,479,312$21,049,089$91,155,919
84$146,812,475$34,001,503$21,684,939$99,599,799
85$161,715,870$35,596,099$22,339,906$108,871,539
86$178,137,159$37,266,578$23,014,564$119,054,203
87$196,231,097$39,016,588$23,709,499$130,239,267
88$216,168,221$40,849,953$24,425,320$142,527,477
89$238,136,461$42,770,682$25,162,650$156,029,787
90$262,342,913$44,782,978$25,922,131$170,868,402
91$289,015,793$46,891,247$26,704,425$187,177,922
92$318,406,595$49,100,109$27,510,214$205,106,600
93$350,792,461$51,414,408$28,340,200$224,817,734
94$386,478,800$53,839,222$29,195,105$246,491,197
95$425,802,169$56,379,876$30,075,672$270,325,124
96$469,133,452$59,041,951$30,982,669$296,537,773
97$516,881,358$61,831,301$31,916,882$325,369,567
98$569,496,284$64,754,062$32,879,125$357,085,361
99$627,474,563$67,816,669$33,870,234$391,976,920
100$691,363,150$71,025,868$34,891,069$430,365,664