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%18.2%
1 years$759,727$752,960$746,358$739,913$733,621$709,286
2 years$376,103$369,098$362,310$355,728$349,343$325,062
3 years$248,244$241,210$234,438$227,918$221,638$198,173
4 years$184,328$177,315$170,611$164,202$158,074$135,605
5 years$145,988$139,017$132,401$126,123$120,165$98,752
6 years$120,436$113,518$107,000$100,862$95,083$74,743
7 years$102,192$95,332$88,917$82,924$77,328$58,058
8 years$88,516$81,717$75,409$69,563$64,151$45,937
9 years$77,884$71,149$64,950$59,252$54,024$36,845
10 years$69,383$62,715$56,625$51,076$46,031$29,860
11 years$62,433$55,831$49,851$44,451$39,588$24,393
12 years$56,645$50,111$44,242$38,990$34,307$20,054
13 years$51,751$45,286$39,527$34,422$29,916$16,570
14 years$47,560$41,164$35,515$30,556$26,224$13,747
15 years$43,932$37,604$32,066$27,251$23,090$11,442
16 years$40,759$34,501$29,072$24,400$20,407$9,550
17 years$37,963$31,774$26,455$21,923$18,094$7,989
18 years$35,481$29,360$24,150$19,757$16,088$6,695
19 years$33,262$27,211$22,108$17,852$14,340$5,619
20 years$31,268$25,286$20,289$16,169$12,809$4,722
21 years$29,466$23,553$18,662$14,674$11,462$3,973
22 years$27,830$21,986$17,200$13,342$10,274$3,345
23 years$26,338$20,563$15,881$12,151$9,223$2,819
24 years$24,973$19,266$14,688$11,082$8,290$2,377
25 years$23,719$18,080$13,604$10,121$7,460$2,005
26 years$22,563$16,992$12,617$9,254$6,719$1,692
27 years$21,495$15,992$11,716$8,471$6,058$1,429
28 years$20,505$15,069$10,891$7,761$5,466$1,207
29 years$19,585$14,216$10,135$7,117$4,936$1,020
30 years$18,727$13,425$9,441$6,532$4,460$862
31 years$17,927$12,691$8,801$5,999$4,032$728
32 years$17,178$12,009$8,212$5,513$3,647$615
33 years$16,476$11,372$7,667$5,070$3,301$520
34 years$15,817$10,778$7,164$4,664$2,989$440
35 years$15,196$10,223$6,698$4,294$2,707$372
36 years$14,612$9,703$6,266$3,955$2,453$315
37 years$14,060$9,216$5,864$3,644$2,223$266
38 years$13,539$8,758$5,492$3,358$2,015$225
39 years$13,045$8,328$5,145$3,097$1,827$190
40 years$12,578$7,924$4,823$2,856$1,658$161
41 years$12,134$7,543$4,522$2,635$1,504$136
42 years$11,713$7,183$4,242$2,432$1,365$115
43 years$11,312$6,844$3,980$2,245$1,238$97
44 years$10,931$6,524$3,736$2,073$1,124$82
45 years$10,568$6,221$3,508$1,914$1,020$70
46 years$10,221$5,935$3,295$1,768$927$59
47 years$9,890$5,664$3,096$1,634$841$50
48 years$9,574$5,407$2,909$1,510$764$42
49 years$9,272$5,163$2,734$1,395$694$36
50 years$8,982$4,932$2,571$1,290$630$30

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 $3,591 every year, while hoping to spend $58,790 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: 28/42/30 Blend
55$9,200,000$9,200,000$9,200,000$9,200,000
56$10,142,104$9,654,504$9,511,904$10,331,976
57$11,114,047$10,065,023$9,768,001$10,896,069
58$12,183,157$10,493,686$10,030,706$11,496,383
59$13,359,284$10,941,322$10,300,180$12,140,179
60$14,653,279$11,408,795$10,576,585$12,831,237
61$16,077,100$11,897,012$10,860,086$13,573,697
62$17,643,920$12,406,921$11,150,855$14,372,095
63$19,368,254$12,939,515$11,449,063$15,231,402
64$21,266,097$13,495,832$11,754,887$16,157,064
65$23,355,072$14,076,961$12,068,509$17,155,055
66$25,654,597$14,684,040$12,390,112$18,231,925
67$28,186,069$15,318,261$12,719,884$19,394,861
68$30,973,064$15,980,872$13,058,016$20,651,746
69$34,041,561$16,673,179$13,404,704$22,011,233
70$37,420,186$17,396,550$13,760,147$23,482,819
71$41,140,481$18,152,418$14,124,549$25,076,931
72$45,237,206$18,942,282$14,498,116$26,805,019
73$49,748,658$19,767,711$14,881,061$28,679,659
74$54,717,043$20,630,350$15,273,598$30,714,662
75$60,188,864$21,531,921$15,675,946$32,925,207
76$66,215,368$22,474,224$16,088,330$35,327,968
77$72,853,023$23,459,148$16,510,976$37,941,273
78$80,164,054$24,488,670$16,944,118$40,785,264
79$88,217,032$25,564,860$17,387,990$43,882,085
80$97,087,516$26,689,884$17,842,834$47,256,079
81$106,858,767$27,866,013$18,308,893$50,934,015
82$117,622,539$29,095,625$18,786,419$54,945,329
83$129,479,936$30,381,209$19,275,662$59,322,394
84$142,542,375$31,725,374$19,776,883$64,100,817
85$156,932,631$33,130,851$20,290,342$69,319,767
86$172,785,997$34,600,500$20,816,306$75,022,332
87$190,251,563$36,137,319$21,355,046$81,255,922
88$209,493,621$37,744,446$21,906,839$88,072,698
89$230,693,215$39,425,168$22,471,962$95,530,060
90$254,049,852$41,182,930$23,050,702$103,691,171
91$279,783,382$43,021,340$23,643,346$112,625,550
92$308,136,077$44,944,175$24,250,188$122,409,706
93$339,374,913$46,955,395$24,871,525$133,127,855
94$373,794,091$49,059,147$25,507,659$144,872,698
95$411,717,819$51,259,776$26,158,896$157,746,279
96$453,503,364$53,561,832$26,825,546$171,860,941
97$499,544,429$55,970,085$27,507,924$187,340,362
98$550,274,871$58,489,528$28,206,349$204,320,714
99$606,172,790$61,125,398$28,921,145$222,951,926
100$667,765,049$63,883,176$29,652,637$243,399,083