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

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$759,727$752,960$746,358$739,913$733,621$719,987
2 years$376,103$369,098$362,310$355,728$349,343$335,658
3 years$248,244$241,210$234,438$227,918$221,638$208,328
4 years$184,328$177,315$170,611$164,202$158,074$145,242
5 years$145,988$139,017$132,401$126,123$120,165$107,848
6 years$120,436$113,518$107,000$100,862$95,083$83,294
7 years$102,192$95,332$88,917$82,924$77,328$66,070
8 years$88,516$81,717$75,409$69,563$64,151$53,422
9 years$77,884$71,149$64,950$59,252$54,024$43,817
10 years$69,383$62,715$56,625$51,076$46,031$36,337
11 years$62,433$55,831$49,851$44,451$39,588$30,395
12 years$56,645$50,111$44,242$38,990$34,307$25,602
13 years$51,751$45,286$39,527$34,422$29,916$21,687
14 years$47,560$41,164$35,515$30,556$26,224$18,455
15 years$43,932$37,604$32,066$27,251$23,090$15,765
16 years$40,759$34,501$29,072$24,400$20,407$13,510
17 years$37,963$31,774$26,455$21,923$18,094$11,609
18 years$35,481$29,360$24,150$19,757$16,088$9,998
19 years$33,262$27,211$22,108$17,852$14,340$8,627
20 years$31,268$25,286$20,289$16,169$12,809$7,457
21 years$29,466$23,553$18,662$14,674$11,462$6,454
22 years$27,830$21,986$17,200$13,342$10,274$5,593
23 years$26,338$20,563$15,881$12,151$9,223$4,852
24 years$24,973$19,266$14,688$11,082$8,290$4,213
25 years$23,719$18,080$13,604$10,121$7,460$3,660
26 years$22,563$16,992$12,617$9,254$6,719$3,183
27 years$21,495$15,992$11,716$8,471$6,058$2,769
28 years$20,505$15,069$10,891$7,761$5,466$2,410
29 years$19,585$14,216$10,135$7,117$4,936$2,099
30 years$18,727$13,425$9,441$6,532$4,460$1,828
31 years$17,927$12,691$8,801$5,999$4,032$1,593
32 years$17,178$12,009$8,212$5,513$3,647$1,389
33 years$16,476$11,372$7,667$5,070$3,301$1,211
34 years$15,817$10,778$7,164$4,664$2,989$1,056
35 years$15,196$10,223$6,698$4,294$2,707$921
36 years$14,612$9,703$6,266$3,955$2,453$804
37 years$14,060$9,216$5,864$3,644$2,223$701
38 years$13,539$8,758$5,492$3,358$2,015$612
39 years$13,045$8,328$5,145$3,097$1,827$534
40 years$12,578$7,924$4,823$2,856$1,658$466
41 years$12,134$7,543$4,522$2,635$1,504$407
42 years$11,713$7,183$4,242$2,432$1,365$355
43 years$11,312$6,844$3,980$2,245$1,238$310
44 years$10,931$6,524$3,736$2,073$1,124$271
45 years$10,568$6,221$3,508$1,914$1,020$236
46 years$10,221$5,935$3,295$1,768$927$206
47 years$9,890$5,664$3,096$1,634$841$180
48 years$9,574$5,407$2,909$1,510$764$157
49 years$9,272$5,163$2,734$1,395$694$137
50 years$8,982$4,932$2,571$1,290$630$120

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 $6,696 every year, while hoping to spend $56,707 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: 50/43/7 Blend
55$9,200,000$9,200,000$9,200,000$9,200,000
56$10,145,307$9,657,707$9,515,107$10,634,222
57$11,119,792$10,070,599$9,773,527$11,381,106
58$12,191,775$10,501,822$10,038,704$12,185,606
59$13,371,139$10,952,214$10,310,804$13,058,425
60$14,668,776$11,422,654$10,589,997$14,005,973
61$16,096,686$11,914,059$10,876,457$15,035,289
62$17,668,092$12,427,391$11,170,361$16,154,105
63$19,397,561$12,963,657$11,471,893$17,370,915
64$21,301,147$13,523,911$11,781,236$18,695,055
65$23,396,538$14,109,256$12,098,580$20,136,781
66$25,703,222$14,720,847$12,424,121$21,707,367
67$28,242,676$15,359,894$12,758,054$23,419,206
68$31,038,562$16,027,662$13,100,582$25,285,923
69$34,116,956$16,725,478$13,451,911$27,322,497
70$37,506,588$17,454,729$13,812,253$29,545,402
71$41,239,118$18,216,869$14,181,822$31,972,752
72$45,349,433$19,013,420$14,560,837$34,624,474
73$49,875,973$19,845,975$14,949,523$37,522,483
74$54,861,098$20,716,204$15,348,108$40,690,889
75$60,351,486$21,625,854$15,756,826$44,156,217
76$66,398,573$22,576,756$16,175,914$47,947,651
77$73,059,035$23,570,825$16,605,616$52,097,303
78$80,395,332$24,610,070$17,046,179$56,640,510
79$88,476,285$25,696,593$17,497,855$61,616,160
80$97,377,735$26,832,595$17,960,902$67,067,055
81$107,183,254$28,020,383$18,435,583$73,040,300
82$117,984,935$29,262,371$18,922,164$79,587,750
83$129,884,261$30,561,090$19,420,919$86,766,481
84$142,993,062$31,919,189$19,932,126$94,639,328
85$157,434,569$33,339,444$20,456,067$103,275,465
86$173,344,581$34,824,763$20,993,031$112,751,048
87$190,872,742$36,378,190$21,543,312$123,149,927
88$210,183,957$38,002,916$22,107,207$134,564,425
89$231,459,944$39,702,283$22,685,023$147,096,199
90$254,900,955$41,479,791$23,277,068$160,857,190
91$280,727,660$43,339,109$23,883,657$175,970,664
92$309,183,233$45,284,077$24,505,111$192,572,366
93$340,535,648$47,318,721$25,141,757$210,811,791
94$375,080,204$49,447,258$25,793,926$230,853,573
95$413,142,317$51,674,106$26,461,955$252,879,036
96$455,080,589$54,003,894$27,146,186$277,087,882
97$501,290,195$56,441,470$27,846,969$303,700,064
98$552,206,609$58,991,916$28,564,657$332,957,848
99$608,309,719$61,660,556$29,299,609$365,128,080
100$670,128,354$64,452,967$30,052,189$400,504,686