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

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$776,243$769,329$762,583$755,999$749,569$730,559
2 years$384,279$377,122$370,186$363,461$356,938$337,909
3 years$253,641$246,453$239,535$232,873$226,456$208,004
4 years$188,335$181,169$174,320$167,772$161,510$143,776
5 years$149,162$142,039$135,279$128,865$122,778$105,811
6 years$123,055$115,985$109,326$103,054$97,150$80,967
7 years$104,414$97,404$90,850$84,727$79,009$63,612
8 years$90,440$83,494$77,048$71,075$65,545$50,927
9 years$79,577$72,696$66,362$60,540$55,199$41,347
10 years$70,892$64,078$57,856$52,186$47,032$33,930
11 years$63,790$57,045$50,935$45,418$40,449$28,077
12 years$57,876$51,201$45,204$39,837$35,052$23,389
13 years$52,876$46,270$40,386$35,170$30,566$19,589
14 years$48,594$42,058$36,287$31,220$26,794$16,478
15 years$44,887$38,421$32,763$27,843$23,592$13,910
16 years$41,646$35,251$29,704$24,930$20,850$11,778
17 years$38,789$32,465$27,030$22,400$18,487$9,997
18 years$36,252$29,999$24,675$20,187$16,438$8,503
19 years$33,985$27,802$22,588$18,240$14,652$7,245
20 years$31,948$25,835$20,730$16,520$13,087$6,182
21 years$30,106$24,065$19,068$14,993$11,712$5,282
22 years$28,435$22,463$17,574$13,632$10,498$4,518
23 years$26,911$21,010$16,227$12,415$9,423$3,867
24 years$25,516$19,685$15,007$11,323$8,470$3,313
25 years$24,235$18,473$13,899$10,341$7,622$2,840
26 years$23,054$17,362$12,891$9,455$6,865$2,436
27 years$21,962$16,339$11,970$8,655$6,190$2,090
28 years$20,951$15,397$11,128$7,930$5,585$1,794
29 years$20,010$14,525$10,356$7,272$5,043$1,541
30 years$19,134$13,717$9,646$6,674$4,557$1,324
31 years$18,317$12,967$8,993$6,129$4,120$1,137
32 years$17,551$12,270$8,390$5,633$3,727$978
33 years$16,834$11,620$7,834$5,180$3,373$840
34 years$16,160$11,013$7,320$4,766$3,054$722
35 years$15,527$10,445$6,843$4,387$2,766$621
36 years$14,929$9,914$6,402$4,041$2,506$534
37 years$14,366$9,416$5,992$3,723$2,271$459
38 years$13,833$8,949$5,611$3,431$2,059$395
39 years$13,329$8,509$5,257$3,164$1,867$340
40 years$12,851$8,096$4,927$2,918$1,694$292
41 years$12,398$7,707$4,620$2,692$1,536$252
42 years$11,968$7,340$4,334$2,485$1,394$216
43 years$11,558$6,993$4,067$2,294$1,265$186
44 years$11,169$6,666$3,818$2,118$1,149$160
45 years$10,797$6,357$3,585$1,956$1,043$138
46 years$10,443$6,064$3,367$1,807$947$119
47 years$10,105$5,787$3,163$1,669$860$102
48 years$9,782$5,524$2,972$1,542$781$88
49 years$9,473$5,275$2,794$1,425$709$76
50 years$9,178$5,039$2,627$1,318$644$65

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 $4,911 every year, while hoping to spend $57,723 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: 57/18/25 Blend
55$9,400,000$9,400,000$9,400,000$9,400,000
56$10,363,866$9,865,666$9,719,966$10,883,808
57$11,359,563$10,287,666$9,984,168$11,662,199
58$12,454,887$10,728,411$10,255,286$12,503,633
59$13,659,939$11,188,756$10,533,491$13,419,528
60$14,985,847$11,669,599$10,818,957$14,417,090
61$16,444,875$12,171,881$11,111,864$15,504,244
62$18,050,533$12,696,584$11,412,392$16,689,711
63$19,817,709$13,244,739$11,720,729$17,983,084
64$21,762,807$13,817,423$12,037,066$19,394,921
65$23,903,902$14,415,764$12,361,595$20,936,838
66$26,260,908$15,040,945$12,694,517$22,621,620
67$28,855,772$15,694,203$13,036,034$24,463,338
68$31,712,673$16,376,832$13,386,355$26,477,479
69$34,858,258$17,090,188$13,745,689$28,681,091
70$38,321,885$17,835,692$14,114,254$31,092,939
71$42,135,906$18,614,830$14,492,271$33,733,684
72$46,335,972$19,429,160$14,879,965$36,626,070
73$50,961,363$20,280,311$15,277,567$39,795,140
74$56,055,367$21,169,991$15,685,310$43,268,467
75$61,665,681$22,099,988$16,103,435$47,076,411
76$67,844,867$23,072,173$16,532,186$51,252,406
77$74,650,841$24,088,508$16,971,812$55,833,267
78$82,147,428$25,151,046$17,422,569$60,859,537
79$90,404,956$26,261,937$17,884,716$66,375,866
80$99,500,925$27,423,435$18,358,516$72,431,428
81$109,520,734$28,637,898$18,844,242$79,080,382
82$120,558,491$29,907,798$19,342,166$86,382,380
83$132,717,899$31,235,721$19,852,570$94,403,121
84$146,113,233$32,624,380$20,375,739$103,214,973
85$160,870,421$34,076,614$20,911,966$112,897,648
86$177,128,233$35,595,396$21,461,545$123,538,951
87$195,039,586$37,183,843$22,024,779$135,235,603
88$214,772,991$38,845,219$22,601,977$148,094,148
89$236,514,143$40,582,942$23,193,451$162,231,955
90$260,467,674$42,400,595$23,799,520$177,778,322
91$286,859,081$44,301,928$24,420,508$194,875,683
92$315,936,859$46,290,874$25,056,746$213,680,958
93$347,974,841$48,371,550$25,708,570$234,367,016
94$383,274,789$50,548,270$26,376,321$257,124,309
95$422,169,237$52,825,555$27,060,348$282,162,659
96$465,024,632$55,208,140$27,761,002$309,713,231
97$512,244,793$57,700,986$28,478,643$340,030,711
98$564,274,720$60,309,293$29,213,637$373,395,698
99$621,604,801$63,038,508$29,966,353$410,117,348
100$684,775,432$65,894,336$30,737,167$450,536,282