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%18.9%
1 years$776,243$769,329$762,583$755,999$749,569$722,686
2 years$384,279$377,122$370,186$363,461$356,938$330,145
3 years$253,641$246,453$239,535$232,873$226,456$200,595
4 years$188,335$181,169$174,320$167,772$161,510$136,778
5 years$149,162$142,039$135,279$128,865$122,778$99,240
6 years$123,055$115,985$109,326$103,054$97,150$74,823
7 years$104,414$97,404$90,850$84,727$79,009$57,889
8 years$90,440$83,494$77,048$71,075$65,545$45,614
9 years$79,577$72,696$66,362$60,540$55,199$36,429
10 years$70,892$64,078$57,856$52,186$47,032$29,393
11 years$63,790$57,045$50,935$45,418$40,449$23,903
12 years$57,876$51,201$45,204$39,837$35,052$19,559
13 years$52,876$46,270$40,386$35,170$30,566$16,084
14 years$48,594$42,058$36,287$31,220$26,794$13,279
15 years$44,887$38,421$32,763$27,843$23,592$10,998
16 years$41,646$35,251$29,704$24,930$20,850$9,133
17 years$38,789$32,465$27,030$22,400$18,487$7,600
18 years$36,252$29,999$24,675$20,187$16,438$6,336
19 years$33,985$27,802$22,588$18,240$14,652$5,290
20 years$31,948$25,835$20,730$16,520$13,087$4,422
21 years$30,106$24,065$19,068$14,993$11,712$3,700
22 years$28,435$22,463$17,574$13,632$10,498$3,099
23 years$26,911$21,010$16,227$12,415$9,423$2,597
24 years$25,516$19,685$15,007$11,323$8,470$2,177
25 years$24,235$18,473$13,899$10,341$7,622$1,827
26 years$23,054$17,362$12,891$9,455$6,865$1,533
27 years$21,962$16,339$11,970$8,655$6,190$1,287
28 years$20,951$15,397$11,128$7,930$5,585$1,081
29 years$20,010$14,525$10,356$7,272$5,043$908
30 years$19,134$13,717$9,646$6,674$4,557$763
31 years$18,317$12,967$8,993$6,129$4,120$641
32 years$17,551$12,270$8,390$5,633$3,727$539
33 years$16,834$11,620$7,834$5,180$3,373$453
34 years$16,160$11,013$7,320$4,766$3,054$381
35 years$15,527$10,445$6,843$4,387$2,766$320
36 years$14,929$9,914$6,402$4,041$2,506$269
37 years$14,366$9,416$5,992$3,723$2,271$226
38 years$13,833$8,949$5,611$3,431$2,059$190
39 years$13,329$8,509$5,257$3,164$1,867$160
40 years$12,851$8,096$4,927$2,918$1,694$134
41 years$12,398$7,707$4,620$2,692$1,536$113
42 years$11,968$7,340$4,334$2,485$1,394$95
43 years$11,558$6,993$4,067$2,294$1,265$80
44 years$11,169$6,666$3,818$2,118$1,149$67
45 years$10,797$6,357$3,585$1,956$1,043$57
46 years$10,443$6,064$3,367$1,807$947$48
47 years$10,105$5,787$3,163$1,669$860$40
48 years$9,782$5,524$2,972$1,542$781$34
49 years$9,473$5,275$2,794$1,425$709$28
50 years$9,178$5,039$2,627$1,318$644$24

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 $6,279 every year, while hoping to spend $46,929 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: 54/35/11 Blend
55$9,400,000$9,400,000$9,400,000$9,400,000
56$10,365,277$9,867,077$9,721,377$10,895,549
57$11,372,603$10,300,631$9,997,111$11,689,798
58$12,481,103$10,753,857$10,280,509$12,548,183
59$13,701,049$11,227,669$10,571,779$13,481,345
60$15,043,755$11,723,024$10,871,132$14,496,391
61$16,521,691$12,240,925$11,178,788$15,601,135
62$18,148,595$12,782,423$11,494,970$16,804,165
63$19,939,608$13,348,617$11,819,907$18,114,919
64$21,911,409$13,940,660$12,153,835$19,543,773
65$24,082,379$14,559,760$12,496,995$21,102,137
66$26,472,773$15,207,179$12,849,636$22,802,555
67$29,104,908$15,884,242$13,212,010$24,658,824
68$32,003,375$16,592,337$13,584,380$26,686,117
69$35,195,274$17,332,916$13,967,011$28,901,123
70$38,710,465$18,107,502$14,360,179$31,322,202
71$42,581,851$18,917,688$14,764,163$33,969,552
72$46,845,690$19,765,145$15,179,253$36,865,396
73$51,541,937$20,651,624$15,605,744$40,034,184
74$56,714,617$21,578,956$16,043,939$43,502,825
75$62,412,246$22,549,063$16,494,149$47,300,929
76$68,688,284$23,563,956$16,956,692$51,461,085
77$75,601,643$24,625,743$17,431,895$56,019,161
78$83,217,239$25,736,634$17,920,093$61,014,636
79$91,606,610$26,898,941$18,421,628$66,490,970
80$100,848,585$28,115,090$18,936,853$72,496,003
81$111,030,031$29,387,620$19,466,129$79,082,402
82$122,246,674$30,719,193$20,009,824$86,308,150
83$134,603,999$32,112,598$20,568,317$94,237,087
84$148,218,248$33,570,757$21,141,997$102,939,504
85$163,217,518$35,096,732$21,731,262$112,492,797
86$179,742,964$36,693,731$22,336,519$122,982,191
87$197,950,140$38,365,117$22,958,186$134,501,535
88$218,010,459$40,114,413$23,596,690$147,154,175
89$240,112,817$41,945,311$24,252,471$161,053,925
90$264,465,373$43,861,679$24,925,977$176,326,128
91$291,297,512$45,867,573$25,617,668$193,108,828
92$320,862,014$47,967,240$26,328,016$211,554,064
93$353,437,439$50,165,134$27,057,504$231,829,290
94$389,330,753$52,465,921$27,806,626$254,118,946
95$428,880,230$54,874,492$28,575,888$278,626,185
96$472,458,643$57,395,971$29,365,809$305,574,778
97$520,476,782$60,035,730$30,176,921$335,211,211
98$573,387,332$62,799,400$31,009,767$367,806,998
99$631,689,149$65,692,880$31,864,903$403,661,226
100$695,931,965$68,722,354$32,742,900$443,103,367