Can I retire at age 56 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$767,985$761,144$754,470$747,956$741,595$734,768
2 years$380,191$373,110$366,248$359,594$353,141$346,262
3 years$250,943$243,832$236,987$230,396$224,047$217,330
4 years$186,331$179,242$172,466$165,987$159,792$153,289
5 years$147,575$140,528$133,840$127,494$121,471$115,201
6 years$121,745$114,752$108,163$101,958$96,116$90,086
7 years$103,303$96,368$89,884$83,825$78,168$72,381
8 years$89,478$82,605$76,229$70,319$64,848$59,304
9 years$78,730$71,923$65,656$59,896$54,611$49,309
10 years$70,137$63,396$57,240$51,631$46,532$41,467
11 years$63,111$56,438$50,393$44,934$40,019$35,188
12 years$57,261$50,656$44,723$39,414$34,679$30,078
13 years$52,314$45,778$39,957$34,796$30,241$25,864
14 years$48,077$41,611$35,901$30,888$26,509$22,351
15 years$44,409$38,012$32,414$27,547$23,341$19,394
16 years$41,203$34,876$29,388$24,665$20,629$16,888
17 years$38,376$32,119$26,742$22,162$18,291$14,750
18 years$35,867$29,680$24,412$19,972$16,263$12,915
19 years$33,624$27,507$22,348$18,046$14,496$11,333
20 years$31,608$25,561$20,510$16,344$12,948$9,964
21 years$29,786$23,809$18,865$14,834$11,587$8,774
22 years$28,132$22,225$17,387$13,487$10,386$7,738
23 years$26,625$20,786$16,054$12,283$9,323$6,832
24 years$25,245$19,475$14,847$11,203$8,380$6,039
25 years$23,977$18,277$13,752$10,231$7,541$5,344
26 years$22,809$17,177$12,754$9,355$6,792$4,732
27 years$21,729$16,166$11,843$8,563$6,124$4,193
28 years$20,728$15,233$11,010$7,845$5,526$3,718
29 years$19,797$14,370$10,245$7,194$4,990$3,299
30 years$18,931$13,571$9,543$6,603$4,508$2,929
31 years$18,122$12,829$8,897$6,064$4,076$2,601
32 years$17,365$12,139$8,301$5,573$3,687$2,311
33 years$16,655$11,496$7,751$5,125$3,337$2,054
34 years$15,988$10,896$7,242$4,715$3,021$1,826
35 years$15,361$10,334$6,771$4,341$2,736$1,624
36 years$14,771$9,809$6,334$3,998$2,479$1,444
37 years$14,213$9,316$5,928$3,683$2,247$1,285
38 years$13,686$8,854$5,551$3,395$2,037$1,144
39 years$13,187$8,419$5,201$3,130$1,847$1,018
40 years$12,715$8,010$4,875$2,887$1,676$906
41 years$12,266$7,625$4,571$2,664$1,520$807
42 years$11,840$7,261$4,288$2,458$1,379$718
43 years$11,435$6,919$4,024$2,269$1,252$640
44 years$11,050$6,595$3,777$2,095$1,136$570
45 years$10,682$6,289$3,546$1,935$1,032$507
46 years$10,332$5,999$3,331$1,788$937$452
47 years$9,998$5,725$3,129$1,651$850$403
48 years$9,678$5,466$2,941$1,526$772$359
49 years$9,372$5,219$2,764$1,410$701$319
50 years$9,080$4,986$2,599$1,304$637$285

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $9,300,000, adding $2,725 every year, while hoping to spend $27,365 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: 24/47/29 Blend
55$9,300,000$9,300,000$9,300,000$9,300,000
56$10,251,411$9,758,511$9,614,361$10,403,939
57$11,267,939$10,207,562$9,907,326$10,983,819
58$12,387,235$10,677,699$10,209,188$11,602,167
59$13,619,754$11,169,927$10,520,216$12,264,101
60$14,977,013$11,685,298$10,840,688$12,973,269
61$16,471,707$12,224,916$11,170,890$13,733,657
62$18,117,821$12,789,937$11,511,114$14,549,623
63$19,930,768$13,381,572$11,861,666$15,425,932
64$21,927,530$14,001,094$12,222,856$16,367,796
65$24,126,823$14,649,832$12,595,006$17,380,916
66$26,549,268$15,329,183$12,978,448$18,471,535
67$29,217,590$16,040,610$13,373,522$19,646,487
68$32,156,830$16,785,645$13,780,582$20,913,256
69$35,394,583$17,565,898$14,199,987$22,280,041
70$38,961,256$18,383,052$14,632,112$23,755,826
71$42,890,356$19,238,875$15,077,340$25,350,461
72$47,218,810$20,135,217$15,536,068$27,074,742
73$51,987,305$21,074,019$16,008,703$28,940,511
74$57,240,680$22,057,316$16,495,665$30,960,754
75$63,028,345$23,087,240$16,997,386$33,149,722
76$69,404,750$24,166,028$17,514,311$35,523,050
77$76,429,894$25,296,024$18,046,901$38,097,902
78$84,169,898$26,479,683$18,595,626$40,893,117
79$92,697,623$27,719,583$19,160,975$43,929,382
80$102,093,361$29,018,424$19,743,449$47,229,414
81$112,445,593$30,379,036$20,343,563$50,818,165
82$123,851,822$31,804,387$20,961,851$54,723,046
83$136,419,495$33,297,589$21,598,860$58,974,173
84$150,267,017$34,861,904$22,255,155$63,604,638
85$165,524,866$36,500,751$22,931,317$68,650,812
86$182,336,831$38,217,716$23,627,944$74,152,670
87$200,861,361$40,016,558$24,345,654$80,154,159
88$221,273,068$41,901,217$25,085,081$86,703,591
89$243,764,371$43,875,826$25,846,881$93,854,092
90$268,547,312$45,944,717$26,631,727$101,664,081
91$295,855,560$48,112,431$27,440,312$110,197,806
92$325,946,618$50,383,730$28,273,353$119,525,933
93$359,104,247$52,763,607$29,131,585$129,726,194
94$395,641,154$55,257,297$30,015,766$140,884,102
95$435,901,935$57,870,289$30,926,678$153,093,736
96$480,266,336$60,608,336$31,865,126$166,458,610
97$529,152,832$63,477,474$32,831,937$181,092,625
98$583,022,579$66,484,029$33,827,965$197,121,123
99$642,383,769$69,634,633$34,854,089$214,682,045
100$707,796,426$72,936,243$35,911,214$233,927,207