Can I retire at age 56 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$784,501$777,513$770,696$764,041$757,543$745,607
2 years$388,367$381,134$374,124$367,327$360,735$348,741
3 years$256,339$249,075$242,083$235,350$228,865$217,186
4 years$190,339$183,097$176,174$169,557$163,228$151,954
5 years$150,748$143,550$136,719$130,236$124,084$113,246
6 years$124,364$117,219$110,489$104,151$98,183$87,796
7 years$105,525$98,441$91,817$85,628$79,849$69,915
8 years$91,402$84,382$77,868$71,831$66,243$56,760
9 years$80,423$73,470$67,068$61,184$55,786$46,750
10 years$71,646$64,760$58,471$52,741$47,532$38,935
11 years$64,469$57,652$51,477$45,901$40,879$32,713
12 years$58,492$51,745$45,685$40,261$35,425$27,679
13 years$53,439$46,763$40,816$35,545$30,891$23,554
14 years$49,111$42,506$36,673$31,552$27,079$20,139
15 years$45,364$38,830$33,111$28,139$23,843$17,286
16 years$42,089$35,626$30,020$25,196$21,072$14,887
17 years$39,201$32,810$27,317$22,638$18,684$12,856
18 years$36,638$30,318$24,937$20,401$16,613$11,128
19 years$34,347$28,098$22,829$18,434$14,808$9,652
20 years$32,287$26,110$20,951$16,696$13,226$8,386
21 years$30,427$24,321$19,271$15,153$11,836$7,297
22 years$28,737$22,702$17,761$13,777$10,609$6,358
23 years$27,197$21,233$16,399$12,547$9,524$5,545
24 years$25,787$19,894$15,167$11,444$8,560$4,841
25 years$24,492$18,670$14,047$10,451$7,703$4,230
26 years$23,299$17,546$13,028$9,556$6,938$3,699
27 years$22,196$16,513$12,098$8,747$6,256$3,236
28 years$21,173$15,560$11,246$8,014$5,644$2,833
29 years$20,223$14,679$10,466$7,349$5,097$2,481
30 years$19,338$13,863$9,748$6,745$4,605$2,174
31 years$18,511$13,105$9,088$6,194$4,164$1,905
32 years$17,738$12,400$8,479$5,693$3,766$1,670
33 years$17,013$11,743$7,917$5,235$3,408$1,465
34 years$16,332$11,130$7,397$4,817$3,086$1,285
35 years$15,692$10,557$6,916$4,434$2,795$1,128
36 years$15,088$10,020$6,470$4,084$2,533$990
37 years$14,519$9,516$6,056$3,762$2,295$869
38 years$13,980$9,044$5,671$3,468$2,081$762
39 years$13,471$8,600$5,313$3,198$1,887$669
40 years$12,988$8,182$4,980$2,949$1,712$588
41 years$12,530$7,789$4,670$2,721$1,553$516
42 years$12,095$7,418$4,380$2,511$1,409$453
43 years$11,681$7,068$4,110$2,318$1,279$398
44 years$11,287$6,737$3,858$2,140$1,161$350
45 years$10,912$6,424$3,623$1,977$1,054$307
46 years$10,554$6,128$3,403$1,826$957$270
47 years$10,213$5,848$3,197$1,687$869$237
48 years$9,886$5,583$3,004$1,559$789$208
49 years$9,574$5,332$2,823$1,441$717$183
50 years$9,275$5,093$2,654$1,332$651$161

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $9,500,000, adding $4,961 every year, while hoping to spend $33,913 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: 41/44/15 Blend
55$9,500,000$9,500,000$9,500,000$9,500,000
56$10,474,117$9,970,617$9,823,367$10,856,971
57$11,506,394$10,423,094$10,116,367$11,580,460
58$12,642,826$10,896,606$10,418,045$12,359,323
59$13,894,003$11,392,148$10,728,658$13,201,584
60$15,271,589$11,910,761$11,048,466$14,113,038
61$16,788,442$12,453,540$11,377,741$15,100,038
62$18,458,728$13,021,627$11,716,759$16,169,558
63$20,298,055$13,616,224$12,065,808$17,329,246
64$22,323,624$14,238,587$12,425,180$18,587,502
65$24,554,390$14,890,033$12,795,179$19,953,544
66$27,011,236$15,571,944$13,176,117$21,437,494
67$29,717,179$16,285,766$13,568,313$23,050,467
68$32,697,578$17,033,015$13,972,098$24,804,674
69$35,980,378$17,815,280$14,387,811$26,713,527
70$39,596,376$18,634,227$14,815,801$28,791,762
71$43,579,503$19,491,602$15,256,428$31,055,573
72$47,967,156$20,389,234$15,710,062$33,522,758
73$52,800,539$21,329,039$16,177,082$36,212,877
74$58,125,060$22,313,028$16,657,880$39,147,436
75$63,990,756$23,343,307$17,152,860$42,350,076
76$70,452,768$24,422,083$17,662,435$45,846,795
77$77,571,855$25,551,670$18,187,031$49,666,179
78$85,414,976$26,734,494$18,727,088$53,839,668
79$94,055,915$27,973,096$19,283,058$58,401,845
80$103,575,981$29,270,140$19,855,403$63,390,747
81$114,064,775$30,628,420$20,444,602$68,848,220
82$125,621,032$32,050,863$21,051,147$74,820,305
83$138,353,560$33,540,538$21,675,543$81,357,656
84$152,382,260$35,100,662$22,318,310$88,516,013
85$167,839,262$36,734,605$22,979,985$96,356,714
86$184,870,169$38,445,903$23,661,117$104,947,262
87$203,635,434$40,238,260$24,362,272$114,361,953
88$224,311,875$42,115,562$25,084,035$124,682,558
89$247,094,339$44,081,878$25,827,003$135,999,086
90$272,197,549$46,141,477$26,591,795$148,410,619
91$299,858,123$48,298,833$27,379,045$162,026,228
92$330,336,813$50,558,638$28,189,404$176,965,994
93$363,920,965$52,925,807$29,023,545$193,362,119
94$400,927,228$55,405,496$29,882,159$211,360,158
95$441,704,549$58,003,109$30,765,955$231,120,377
96$486,637,463$60,724,312$31,675,665$252,819,245
97$536,149,725$63,575,044$32,612,040$276,651,081
98$590,708,307$66,561,531$33,575,853$302,829,867
99$650,827,811$69,690,303$34,567,901$331,591,247
100$717,075,323$72,968,203$35,589,001$363,194,728