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%11.7%
1 years$759,727$752,960$746,358$739,913$733,621$728,387
2 years$376,103$369,098$362,310$355,728$349,343$344,066
3 years$248,244$241,210$234,438$227,918$221,638$216,480
4 years$184,328$177,315$170,611$164,202$158,074$153,075
5 years$145,988$139,017$132,401$126,123$120,165$115,341
6 years$120,436$113,518$107,000$100,862$95,083$90,438
7 years$102,192$95,332$88,917$82,924$77,328$72,866
8 years$88,516$81,717$75,409$69,563$64,151$59,872
9 years$77,884$71,149$64,950$59,252$54,024$49,926
10 years$69,383$62,715$56,625$51,076$46,031$42,113
11 years$62,433$55,831$49,851$44,451$39,588$35,846
12 years$56,645$50,111$44,242$38,990$34,307$30,737
13 years$51,751$45,286$39,527$34,422$29,916$26,516
14 years$47,560$41,164$35,515$30,556$26,224$22,989
15 years$43,932$37,604$32,066$27,251$23,090$20,016
16 years$40,759$34,501$29,072$24,400$20,407$17,489
17 years$37,963$31,774$26,455$21,923$18,094$15,328
18 years$35,481$29,360$24,150$19,757$16,088$13,468
19 years$33,262$27,211$22,108$17,852$14,340$11,861
20 years$31,268$25,286$20,289$16,169$12,809$10,466
21 years$29,466$23,553$18,662$14,674$11,462$9,251
22 years$27,830$21,986$17,200$13,342$10,274$8,189
23 years$26,338$20,563$15,881$12,151$9,223$7,258
24 years$24,973$19,266$14,688$11,082$8,290$6,440
25 years$23,719$18,080$13,604$10,121$7,460$5,721
26 years$22,563$16,992$12,617$9,254$6,719$5,086
27 years$21,495$15,992$11,716$8,471$6,058$4,525
28 years$20,505$15,069$10,891$7,761$5,466$4,028
29 years$19,585$14,216$10,135$7,117$4,936$3,589
30 years$18,727$13,425$9,441$6,532$4,460$3,199
31 years$17,927$12,691$8,801$5,999$4,032$2,852
32 years$17,178$12,009$8,212$5,513$3,647$2,545
33 years$16,476$11,372$7,667$5,070$3,301$2,271
34 years$15,817$10,778$7,164$4,664$2,989$2,027
35 years$15,196$10,223$6,698$4,294$2,707$1,811
36 years$14,612$9,703$6,266$3,955$2,453$1,617
37 years$14,060$9,216$5,864$3,644$2,223$1,445
38 years$13,539$8,758$5,492$3,358$2,015$1,291
39 years$13,045$8,328$5,145$3,097$1,827$1,154
40 years$12,578$7,924$4,823$2,856$1,658$1,032
41 years$12,134$7,543$4,522$2,635$1,504$923
42 years$11,713$7,183$4,242$2,432$1,365$825
43 years$11,312$6,844$3,980$2,245$1,238$738
44 years$10,931$6,524$3,736$2,073$1,124$660
45 years$10,568$6,221$3,508$1,914$1,020$590
46 years$10,221$5,935$3,295$1,768$927$528
47 years$9,890$5,664$3,096$1,634$841$473
48 years$9,574$5,407$2,909$1,510$764$423
49 years$9,272$5,163$2,734$1,395$694$378
50 years$8,982$4,932$2,571$1,290$630$339

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 $4,890 every year, while hoping to spend $48,514 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: 57/25/18 Blend
55$9,200,000$9,200,000$9,200,000$9,200,000
56$10,143,444$9,655,844$9,513,244$10,673,111
57$11,126,457$10,077,362$9,780,319$11,455,138
58$12,208,111$10,517,908$10,054,715$12,301,272
59$13,398,417$10,978,364$10,336,627$13,222,277
60$14,708,403$11,459,652$10,626,252$14,225,361
61$16,150,224$11,962,739$10,923,795$15,318,449
62$17,737,270$12,488,636$11,229,465$16,510,257
63$19,484,296$13,038,403$11,543,477$17,810,371
64$21,407,560$13,613,151$11,866,049$19,229,335
65$23,524,976$14,214,041$12,197,407$20,778,750
66$25,856,285$14,842,290$12,537,782$22,471,376
67$28,423,239$15,499,175$12,887,409$24,321,255
68$31,249,804$16,186,029$13,246,533$26,343,839
69$34,362,392$16,904,252$13,615,399$28,556,129
70$37,790,104$17,655,309$13,994,264$30,976,838
71$41,565,010$18,440,735$14,383,387$33,626,559
72$45,722,447$19,262,136$14,783,036$36,527,962
73$50,301,352$20,121,197$15,193,484$39,705,998
74$55,344,636$21,019,681$15,615,011$43,188,135
75$60,899,579$21,959,436$16,047,904$47,004,609
76$67,018,285$22,942,397$16,492,458$51,188,712
77$73,758,168$23,970,593$16,948,973$55,777,096
78$81,182,496$25,046,146$17,417,758$60,810,117
79$89,360,987$26,171,283$17,899,129$66,332,208
80$98,370,466$27,348,335$18,393,409$72,392,301
81$108,295,594$28,579,744$18,900,929$79,044,276
82$119,229,663$29,868,070$19,422,028$86,347,467
83$131,275,476$31,215,992$19,957,053$94,367,217
84$144,546,320$32,626,321$20,506,359$103,175,489
85$159,167,033$34,102,000$21,070,311$112,851,540
86$175,275,185$35,646,112$21,649,281$123,482,660
87$193,022,371$37,261,889$22,243,649$135,164,990
88$212,575,647$38,952,716$22,853,806$148,004,427
89$234,119,105$40,722,141$23,480,150$162,117,610
90$257,855,608$42,573,881$24,123,090$177,633,018
91$284,008,711$44,511,831$24,783,044$194,692,172
92$312,824,762$46,540,074$25,460,439$213,450,966
93$344,575,237$48,662,886$26,155,712$234,081,126
94$379,559,293$50,884,750$26,869,311$256,771,825
95$418,106,601$53,210,363$27,601,693$281,731,460
96$460,580,451$55,644,647$28,353,326$309,189,605
97$507,381,183$58,192,761$29,124,689$339,399,172
98$558,949,968$60,860,110$29,916,270$372,638,789
99$615,772,970$63,652,360$30,728,570$409,215,412
100$678,385,936$66,575,449$31,562,100$449,467,220