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%17.4%
1 years$784,501$777,513$770,696$764,041$757,543$734,766
2 years$388,367$381,134$374,124$367,327$360,735$337,979
3 years$256,339$249,075$242,083$235,350$228,865$206,844
4 years$190,339$183,097$176,174$169,557$163,228$142,111
5 years$150,748$143,550$136,719$130,236$124,084$103,927
6 years$124,364$117,219$110,489$104,151$98,183$79,005
7 years$105,525$98,441$91,817$85,628$79,849$61,650
8 years$91,402$84,382$77,868$71,831$66,243$49,010
9 years$80,423$73,470$67,068$61,184$55,786$39,502
10 years$71,646$64,760$58,471$52,741$47,532$32,174
11 years$64,469$57,652$51,477$45,901$40,879$26,420
12 years$58,492$51,745$45,685$40,261$35,425$21,835
13 years$53,439$46,763$40,816$35,545$30,891$18,140
14 years$49,111$42,506$36,673$31,552$27,079$15,133
15 years$45,364$38,830$33,111$28,139$23,843$12,668
16 years$42,089$35,626$30,020$25,196$21,072$10,634
17 years$39,201$32,810$27,317$22,638$18,684$8,948
18 years$36,638$30,318$24,937$20,401$16,613$7,543
19 years$34,347$28,098$22,829$18,434$14,808$6,370
20 years$32,287$26,110$20,951$16,696$13,226$5,386
21 years$30,427$24,321$19,271$15,153$11,836$4,559
22 years$28,737$22,702$17,761$13,777$10,609$3,863
23 years$27,197$21,233$16,399$12,547$9,524$3,276
24 years$25,787$19,894$15,167$11,444$8,560$2,780
25 years$24,492$18,670$14,047$10,451$7,703$2,360
26 years$23,299$17,546$13,028$9,556$6,938$2,005
27 years$22,196$16,513$12,098$8,747$6,256$1,704
28 years$21,173$15,560$11,246$8,014$5,644$1,448
29 years$20,223$14,679$10,466$7,349$5,097$1,232
30 years$19,338$13,863$9,748$6,745$4,605$1,048
31 years$18,511$13,105$9,088$6,194$4,164$891
32 years$17,738$12,400$8,479$5,693$3,766$758
33 years$17,013$11,743$7,917$5,235$3,408$645
34 years$16,332$11,130$7,397$4,817$3,086$549
35 years$15,692$10,557$6,916$4,434$2,795$468
36 years$15,088$10,020$6,470$4,084$2,533$398
37 years$14,519$9,516$6,056$3,762$2,295$339
38 years$13,980$9,044$5,671$3,468$2,081$289
39 years$13,471$8,600$5,313$3,198$1,887$246
40 years$12,988$8,182$4,980$2,949$1,712$209
41 years$12,530$7,789$4,670$2,721$1,553$178
42 years$12,095$7,418$4,380$2,511$1,409$152
43 years$11,681$7,068$4,110$2,318$1,279$129
44 years$11,287$6,737$3,858$2,140$1,161$110
45 years$10,912$6,424$3,623$1,977$1,054$94
46 years$10,554$6,128$3,403$1,826$957$80
47 years$10,213$5,848$3,197$1,687$869$68
48 years$9,886$5,583$3,004$1,559$789$58
49 years$9,574$5,332$2,823$1,441$717$49
50 years$9,275$5,093$2,654$1,332$651$42

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 $6,359 every year, while hoping to spend $20,906 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: 33/49/18 Blend
55$9,500,000$9,500,000$9,500,000$9,500,000
56$10,475,559$9,972,059$9,824,809$10,762,572
57$11,521,823$10,438,446$10,131,697$11,441,708
58$12,674,104$10,926,986$10,448,164$12,170,778
59$13,943,195$11,438,741$10,774,510$12,956,099
60$15,340,988$11,974,826$11,111,043$13,802,627
61$16,880,587$12,536,411$11,458,082$14,715,786
62$18,576,432$13,124,720$11,815,952$15,701,519
63$20,444,435$13,741,038$12,184,994$16,766,336
64$22,502,130$14,386,712$12,565,554$17,917,369
65$24,768,840$15,063,153$12,957,992$19,162,439
66$27,265,856$15,771,842$13,362,679$20,510,118
67$30,016,641$16,514,330$13,779,997$21,969,807
68$33,047,051$17,292,245$14,210,339$23,551,820
69$36,385,577$18,107,292$14,654,112$25,267,468
70$40,063,616$18,961,259$15,111,735$27,129,168
71$44,115,767$19,856,023$15,583,640$29,150,546
72$48,580,155$20,793,548$16,070,272$31,346,560
73$53,498,795$21,775,896$16,572,091$33,733,634
74$58,917,986$22,805,228$17,089,569$36,329,803
75$64,888,747$23,883,811$17,623,196$39,154,879
76$71,467,301$25,014,019$18,173,475$42,230,621
77$78,715,604$26,198,345$18,740,925$45,580,937
78$86,701,932$27,439,400$19,326,082$49,232,099
79$95,501,521$28,739,922$19,929,498$53,212,978
80$105,197,282$30,102,784$20,551,741$57,555,308
81$115,880,580$31,530,996$21,193,400$62,293,970
82$127,652,100$33,027,716$21,855,080$67,467,316
83$140,622,794$34,596,253$22,537,405$73,117,512
84$154,914,928$36,240,080$23,241,018$79,290,926
85$170,663,242$37,962,835$23,966,583$86,038,552
86$188,016,215$39,768,335$24,714,785$93,416,473
87$207,137,467$41,660,583$25,486,329$101,486,382
88$228,207,312$43,643,774$26,281,944$110,316,143
89$251,424,447$45,722,308$27,102,379$119,980,416
90$277,007,840$47,900,801$27,948,408$130,561,347
91$305,198,790$50,184,090$28,820,829$142,149,322
92$336,263,205$52,577,249$29,720,465$154,843,802
93$370,494,115$55,085,597$30,648,165$168,754,243
94$408,214,439$57,714,715$31,604,802$184,001,109
95$449,780,028$60,470,453$32,591,279$200,716,982
96$495,583,030$63,358,944$33,608,526$219,047,799
97$546,055,590$66,386,623$34,657,503$239,154,198
98$601,673,928$69,560,236$35,739,197$261,213,014
99$662,962,838$72,886,857$36,854,629$285,418,918
100$730,500,639$76,373,904$38,004,851$311,986,232