Can I retire at age 56 with 9,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $9,200,000?

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$759,727$752,960$746,358$739,913$733,621$727,474
2 years$376,103$369,098$362,310$355,728$349,343$343,148
3 years$248,244$241,210$234,438$227,918$221,638$215,586
4 years$184,328$177,315$170,611$164,202$158,074$152,213
5 years$145,988$139,017$132,401$126,123$120,165$114,512
6 years$120,436$113,518$107,000$100,862$95,083$89,644
7 years$102,192$95,332$88,917$82,924$77,328$72,106
8 years$88,516$81,717$75,409$69,563$64,151$59,146
9 years$77,884$71,149$64,950$59,252$54,024$49,235
10 years$69,383$62,715$56,625$51,076$46,031$41,455
11 years$62,433$55,831$49,851$44,451$39,588$35,221
12 years$56,645$50,111$44,242$38,990$34,307$30,144
13 years$51,751$45,286$39,527$34,422$29,916$25,954
14 years$47,560$41,164$35,515$30,556$26,224$22,458
15 years$43,932$37,604$32,066$27,251$23,090$19,514
16 years$40,759$34,501$29,072$24,400$20,407$17,016
17 years$37,963$31,774$26,455$21,923$18,094$14,882
18 years$35,481$29,360$24,150$19,757$16,088$13,049
19 years$33,262$27,211$22,108$17,852$14,340$11,467
20 years$31,268$25,286$20,289$16,169$12,809$10,096
21 years$29,466$23,553$18,662$14,674$11,462$8,904
22 years$27,830$21,986$17,200$13,342$10,274$7,864
23 years$26,338$20,563$15,881$12,151$9,223$6,955
24 years$24,973$19,266$14,688$11,082$8,290$6,157
25 years$23,719$18,080$13,604$10,121$7,460$5,456
26 years$22,563$16,992$12,617$9,254$6,719$4,839
27 years$21,495$15,992$11,716$8,471$6,058$4,295
28 years$20,505$15,069$10,891$7,761$5,466$3,815
29 years$19,585$14,216$10,135$7,117$4,936$3,390
30 years$18,727$13,425$9,441$6,532$4,460$3,014
31 years$17,927$12,691$8,801$5,999$4,032$2,682
32 years$17,178$12,009$8,212$5,513$3,647$2,386
33 years$16,476$11,372$7,667$5,070$3,301$2,124
34 years$15,817$10,778$7,164$4,664$2,989$1,892
35 years$15,196$10,223$6,698$4,294$2,707$1,685
36 years$14,612$9,703$6,266$3,955$2,453$1,502
37 years$14,060$9,216$5,864$3,644$2,223$1,338
38 years$13,539$8,758$5,492$3,358$2,015$1,193
39 years$13,045$8,328$5,145$3,097$1,827$1,064
40 years$12,578$7,924$4,823$2,856$1,658$948
41 years$12,134$7,543$4,522$2,635$1,504$846
42 years$11,713$7,183$4,242$2,432$1,365$754
43 years$11,312$6,844$3,980$2,245$1,238$673
44 years$10,931$6,524$3,736$2,073$1,124$600
45 years$10,568$6,221$3,508$1,914$1,020$536
46 years$10,221$5,935$3,295$1,768$927$478
47 years$9,890$5,664$3,096$1,634$841$426
48 years$9,574$5,407$2,909$1,510$764$381
49 years$9,272$5,163$2,734$1,395$694$340
50 years$8,982$4,932$2,571$1,290$630$303

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $9,200,000, adding $6,374 every year, while hoping to spend $24,536 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: 47/29/24 Blend
55$9,200,000$9,200,000$9,200,000$9,200,000
56$10,144,975$9,657,375$9,514,775$10,551,941
57$11,153,656$10,104,480$9,807,414$11,285,272
58$12,264,401$10,572,671$10,109,034$12,077,871
59$13,487,593$11,062,955$10,419,909$12,937,729
60$14,834,676$11,576,388$10,740,325$13,871,166
61$16,318,258$12,114,077$11,070,571$14,885,121
62$17,952,235$12,677,182$11,410,950$15,987,218
63$19,751,918$13,266,918$11,761,772$17,185,835
64$21,734,178$13,884,561$12,123,355$18,490,176
65$23,917,606$14,531,447$12,496,030$19,910,360
66$26,322,690$15,208,976$12,880,135$21,457,508
67$28,972,006$15,918,618$13,276,021$23,143,846
68$31,890,430$16,661,910$13,684,048$24,982,818
69$35,105,378$17,440,467$14,104,587$26,989,204
70$38,647,056$18,255,980$14,538,020$29,179,261
71$42,548,755$19,110,222$14,984,743$31,570,867
72$46,847,158$20,005,053$15,445,162$34,183,690
73$51,582,689$20,942,421$15,919,696$37,039,363
74$56,799,893$21,924,369$16,408,775$40,161,686
75$62,547,859$22,953,040$16,912,846$43,576,847
76$68,880,679$24,030,678$17,432,365$47,313,659
77$75,857,966$25,159,638$17,967,807$51,403,830
78$83,545,406$26,342,389$18,519,656$55,882,256
79$92,015,388$27,581,516$19,088,415$60,787,339
80$101,347,681$28,879,734$19,674,601$66,161,349
81$111,630,190$30,239,886$20,278,745$72,050,814
82$122,959,784$31,664,955$20,901,397$78,506,948
83$135,443,211$33,158,067$21,543,123$85,586,132
84$149,198,105$34,722,499$22,204,505$93,350,437
85$164,354,099$36,361,689$22,886,143$101,868,197
86$181,054,045$38,079,239$23,588,656$111,214,651
87$199,455,363$39,878,927$24,312,682$121,472,643
88$219,731,531$41,764,715$25,058,877$132,733,390
89$242,073,717$43,740,757$25,827,920$145,097,337
90$266,692,588$45,811,405$26,620,506$158,675,096
91$293,820,294$47,981,227$27,437,356$173,588,474
92$323,712,667$50,255,010$28,279,210$189,971,616
93$356,651,627$52,637,773$29,146,831$207,972,257
94$392,947,849$55,134,780$30,041,006$227,753,104
95$432,943,695$57,751,549$30,962,545$249,493,360
96$477,016,445$60,493,868$31,912,284$273,390,402
97$525,581,859$63,367,804$32,891,082$299,661,627
98$579,098,102$66,379,720$33,899,827$328,546,494
99$638,070,068$69,536,287$34,939,431$360,308,763
100$703,054,151$72,844,500$36,010,837$395,238,974