Can I retire at age 56 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$776,243$769,329$762,583$755,999$749,569$732,341
2 years$384,279$377,122$370,186$363,461$356,938$339,676
3 years$253,641$246,453$239,535$232,873$226,456$209,699
4 years$188,335$181,169$174,320$167,772$161,510$145,388
5 years$149,162$142,039$135,279$128,865$122,778$107,335
6 years$123,055$115,985$109,326$103,054$97,150$82,403
7 years$104,414$97,404$90,850$84,727$79,009$64,960
8 years$90,440$83,494$77,048$71,075$65,545$52,189
9 years$79,577$72,696$66,362$60,540$55,199$42,525
10 years$70,892$64,078$57,856$52,186$47,032$35,027
11 years$63,790$57,045$50,935$45,418$40,449$29,096
12 years$57,876$51,201$45,204$39,837$35,052$24,333
13 years$52,876$46,270$40,386$35,170$30,566$20,461
14 years$48,594$42,058$36,287$31,220$26,794$17,283
15 years$44,887$38,421$32,763$27,843$23,592$14,651
16 years$41,646$35,251$29,704$24,930$20,850$12,458
17 years$38,789$32,465$27,030$22,400$18,487$10,621
18 years$36,252$29,999$24,675$20,187$16,438$9,074
19 years$33,985$27,802$22,588$18,240$14,652$7,766
20 years$31,948$25,835$20,730$16,520$13,087$6,657
21 years$30,106$24,065$19,068$14,993$11,712$5,714
22 years$28,435$22,463$17,574$13,632$10,498$4,910
23 years$26,911$21,010$16,227$12,415$9,423$4,223
24 years$25,516$19,685$15,007$11,323$8,470$3,635
25 years$24,235$18,473$13,899$10,341$7,622$3,131
26 years$23,054$17,362$12,891$9,455$6,865$2,698
27 years$21,962$16,339$11,970$8,655$6,190$2,327
28 years$20,951$15,397$11,128$7,930$5,585$2,007
29 years$20,010$14,525$10,356$7,272$5,043$1,732
30 years$19,134$13,717$9,646$6,674$4,557$1,495
31 years$18,317$12,967$8,993$6,129$4,120$1,291
32 years$17,551$12,270$8,390$5,633$3,727$1,115
33 years$16,834$11,620$7,834$5,180$3,373$964
34 years$16,160$11,013$7,320$4,766$3,054$833
35 years$15,527$10,445$6,843$4,387$2,766$720
36 years$14,929$9,914$6,402$4,041$2,506$622
37 years$14,366$9,416$5,992$3,723$2,271$538
38 years$13,833$8,949$5,611$3,431$2,059$465
39 years$13,329$8,509$5,257$3,164$1,867$402
40 years$12,851$8,096$4,927$2,918$1,694$347
41 years$12,398$7,707$4,620$2,692$1,536$300
42 years$11,968$7,340$4,334$2,485$1,394$260
43 years$11,558$6,993$4,067$2,294$1,265$225
44 years$11,169$6,666$3,818$2,118$1,149$194
45 years$10,797$6,357$3,585$1,956$1,043$168
46 years$10,443$6,064$3,367$1,807$947$145
47 years$10,105$5,787$3,163$1,669$860$126
48 years$9,782$5,524$2,972$1,542$781$109
49 years$9,473$5,275$2,794$1,425$709$94
50 years$9,178$5,039$2,627$1,318$644$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $9,400,000, adding $4,750 every year, while hoping to spend $37,465 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: 52/35/13 Blend
55$9,400,000$9,400,000$9,400,000$9,400,000
56$10,363,700$9,865,500$9,719,800$10,866,471
57$11,380,935$10,309,047$10,005,550$11,653,964
58$12,500,672$10,773,072$10,299,618$12,505,589
59$13,733,327$11,258,539$10,602,242$13,430,944
60$15,090,377$11,766,458$10,913,668$14,437,012
61$16,584,468$12,297,887$11,234,148$15,531,461
62$18,229,534$12,853,934$11,563,943$16,722,718
63$20,040,932$13,435,762$11,903,320$18,020,045
64$22,035,579$14,044,586$12,252,553$19,433,622
65$24,232,120$14,681,683$12,611,926$20,974,638
66$26,651,099$15,348,389$12,981,728$22,655,395
67$29,315,154$16,046,102$13,362,259$24,489,421
68$32,249,231$16,776,292$13,753,825$26,491,590
69$35,480,816$17,540,495$14,156,743$28,678,260
70$39,040,202$18,340,322$14,571,337$31,067,426
71$42,960,766$19,177,461$14,997,940$33,678,878
72$47,279,290$20,053,681$15,436,896$36,534,389
73$52,036,303$20,970,837$15,888,557$39,657,914
74$57,276,469$21,930,872$16,353,287$43,075,808
75$63,049,004$22,935,820$16,831,458$46,817,071
76$69,408,144$23,987,816$17,323,453$50,913,619
77$76,413,652$25,089,097$17,829,666$55,400,572
78$84,131,388$26,242,006$18,350,503$60,316,584
79$92,633,924$27,448,998$18,886,379$65,704,202
80$102,001,234$28,712,650$19,437,723$71,610,256
81$112,321,447$30,035,657$20,004,975$78,086,297
82$123,691,680$31,420,849$20,588,586$85,189,076
83$136,218,949$32,871,188$21,189,021$92,981,070
84$150,021,187$34,389,782$21,806,759$101,531,062
85$165,228,353$35,979,886$22,442,290$110,914,786
86$181,983,657$37,644,912$23,096,119$121,215,628
87$200,444,916$39,388,439$23,768,765$132,525,407
88$220,786,039$41,214,214$24,460,760$144,945,228
89$243,198,672$43,126,168$25,172,653$158,586,428
90$267,894,007$45,128,420$25,905,007$173,571,618
91$295,104,771$47,225,289$26,658,400$190,035,822
92$325,087,429$49,421,299$27,433,428$208,127,747
93$358,124,601$51,721,196$28,230,701$228,011,170
94$394,527,728$54,129,954$29,050,848$249,866,470
95$434,640,019$56,652,784$29,894,515$273,892,320
96$478,839,683$59,295,153$30,762,363$300,307,545
97$527,543,504$62,062,788$31,655,075$329,353,174
98$581,210,774$64,961,697$32,573,352$361,294,699
99$640,347,626$67,998,173$33,517,913$396,424,564
100$705,511,818$71,178,818$34,489,497$435,064,907