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

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$767,985$761,144$754,470$747,956$741,595$725,732
2 years$380,191$373,110$366,248$359,594$353,141$337,236
3 years$250,943$243,832$236,987$230,396$224,047$208,597
4 years$186,331$179,242$172,466$165,987$159,792$144,917
5 years$147,575$140,528$133,840$127,494$121,471$107,212
6 years$121,745$114,752$108,163$101,958$96,116$82,488
7 years$103,303$96,368$89,884$83,825$78,168$65,174
8 years$89,478$82,605$76,229$70,319$64,848$52,483
9 years$78,730$71,923$65,656$59,896$54,611$42,867
10 years$70,137$63,396$57,240$51,631$46,532$35,396
11 years$63,111$56,438$50,393$44,934$40,019$29,478
12 years$57,261$50,656$44,723$39,414$34,679$24,717
13 years$52,314$45,778$39,957$34,796$30,241$20,840
14 years$48,077$41,611$35,901$30,888$26,509$17,650
15 years$44,409$38,012$32,414$27,547$23,341$15,004
16 years$41,203$34,876$29,388$24,665$20,629$12,795
17 years$38,376$32,119$26,742$22,162$18,291$10,939
18 years$35,867$29,680$24,412$19,972$16,263$9,373
19 years$33,624$27,507$22,348$18,046$14,496$8,046
20 years$31,608$25,561$20,510$16,344$12,948$6,918
21 years$29,786$23,809$18,865$14,834$11,587$5,956
22 years$28,132$22,225$17,387$13,487$10,386$5,134
23 years$26,625$20,786$16,054$12,283$9,323$4,429
24 years$25,245$19,475$14,847$11,203$8,380$3,824
25 years$23,977$18,277$13,752$10,231$7,541$3,305
26 years$22,809$17,177$12,754$9,355$6,792$2,857
27 years$21,729$16,166$11,843$8,563$6,124$2,472
28 years$20,728$15,233$11,010$7,845$5,526$2,139
29 years$19,797$14,370$10,245$7,194$4,990$1,852
30 years$18,931$13,571$9,543$6,603$4,508$1,604
31 years$18,122$12,829$8,897$6,064$4,076$1,390
32 years$17,365$12,139$8,301$5,573$3,687$1,205
33 years$16,655$11,496$7,751$5,125$3,337$1,044
34 years$15,988$10,896$7,242$4,715$3,021$905
35 years$15,361$10,334$6,771$4,341$2,736$785
36 years$14,771$9,809$6,334$3,998$2,479$681
37 years$14,213$9,316$5,928$3,683$2,247$590
38 years$13,686$8,854$5,551$3,395$2,037$512
39 years$13,187$8,419$5,201$3,130$1,847$444
40 years$12,715$8,010$4,875$2,887$1,676$386
41 years$12,266$7,625$4,571$2,664$1,520$334
42 years$11,840$7,261$4,288$2,458$1,379$290
43 years$11,435$6,919$4,024$2,269$1,252$252
44 years$11,050$6,595$3,777$2,095$1,136$219
45 years$10,682$6,289$3,546$1,935$1,032$190
46 years$10,332$5,999$3,331$1,788$937$165
47 years$9,998$5,725$3,129$1,651$850$143
48 years$9,678$5,466$2,941$1,526$772$124
49 years$9,372$5,219$2,764$1,410$701$108
50 years$9,080$4,986$2,599$1,304$637$93

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 $3,918 every year, while hoping to spend $52,810 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: 66/16/18 Blend
55$9,300,000$9,300,000$9,300,000$9,300,000
56$10,252,641$9,759,741$9,615,591$10,883,487
57$11,242,221$10,181,779$9,881,524$11,728,424
58$12,330,969$10,622,727$10,154,596$12,645,244
59$13,528,942$11,083,456$10,434,990$13,646,193
60$14,847,226$11,564,877$10,722,894$14,739,520
61$16,298,032$12,067,945$11,018,500$15,934,305
62$17,894,817$12,593,659$11,322,005$17,240,538
63$19,652,407$13,143,067$11,633,610$18,669,216
64$21,587,139$13,717,264$11,953,523$20,232,445
65$23,717,014$14,317,397$12,281,953$21,943,549
66$26,061,869$14,944,669$12,619,118$23,817,197
67$28,643,558$15,600,337$12,965,237$25,869,537
68$31,486,167$16,285,719$13,320,538$28,118,351
69$34,616,232$17,002,195$13,685,252$30,583,213
70$38,062,996$17,751,210$14,059,616$33,285,679
71$41,858,680$18,534,279$14,443,873$36,249,485
72$46,038,792$19,352,985$14,838,269$39,500,767
73$50,642,458$20,208,990$15,243,060$43,068,309
74$55,712,790$21,104,032$15,658,503$46,983,807
75$61,297,296$22,039,932$16,084,865$51,282,172
76$67,448,330$23,018,597$16,522,418$56,001,850
77$74,223,578$24,042,027$16,971,437$61,185,186
78$81,686,610$25,112,314$17,432,208$66,878,820
79$89,907,477$26,231,650$17,905,019$73,134,123
80$98,963,371$27,402,331$18,390,168$80,007,679
81$108,939,353$28,626,764$18,887,957$87,561,816
82$119,929,160$29,907,469$19,398,697$95,865,191
83$132,036,084$31,247,084$19,922,703$104,993,433
84$145,373,950$32,648,377$20,460,298$115,029,854
85$160,068,189$34,114,243$21,011,815$126,066,229
86$176,257,022$35,647,719$21,577,589$138,203,663
87$194,092,766$37,251,985$22,157,965$151,553,537
88$213,743,267$38,930,371$22,753,296$166,238,554
89$235,393,490$40,686,370$23,363,942$182,393,895
90$259,247,262$42,523,637$23,990,269$200,168,491
91$285,529,192$44,446,005$24,632,653$219,726,417
92$314,486,798$46,457,488$25,291,475$241,248,444
93$346,392,840$48,562,293$25,967,128$264,933,734
94$381,547,892$50,764,828$26,660,009$291,001,715
95$420,283,184$53,069,711$27,370,526$319,694,149
96$462,963,723$55,481,782$28,099,094$351,277,403
97$509,991,745$58,006,111$28,846,135$386,044,961
98$561,810,505$60,648,012$29,612,083$424,320,185
99$618,908,466$63,413,055$30,397,377$466,459,359
100$681,823,908$66,307,072$31,202,467$512,855,050