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

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$784,501$777,513$770,696$764,041$757,543$746,223
2 years$388,367$381,134$374,124$367,327$360,735$349,355
3 years$256,339$249,075$242,083$235,350$228,865$217,780
4 years$190,339$183,097$176,174$169,557$163,228$152,524
5 years$150,748$143,550$136,719$130,236$124,084$113,790
6 years$124,364$117,219$110,489$104,151$98,183$88,313
7 years$105,525$98,441$91,817$85,628$79,849$70,406
8 years$91,402$84,382$77,868$71,831$66,243$57,224
9 years$80,423$73,470$67,068$61,184$55,786$47,188
10 years$71,646$64,760$58,471$52,741$47,532$39,348
11 years$64,469$57,652$51,477$45,901$40,879$33,101
12 years$58,492$51,745$45,685$40,261$35,425$28,043
13 years$53,439$46,763$40,816$35,545$30,891$23,896
14 years$49,111$42,506$36,673$31,552$27,079$20,458
15 years$45,364$38,830$33,111$28,139$23,843$17,585
16 years$42,089$35,626$30,020$25,196$21,072$15,165
17 years$39,201$32,810$27,317$22,638$18,684$13,115
18 years$36,638$30,318$24,937$20,401$16,613$11,369
19 years$34,347$28,098$22,829$18,434$14,808$9,875
20 years$32,287$26,110$20,951$16,696$13,226$8,593
21 years$30,427$24,321$19,271$15,153$11,836$7,488
22 years$28,737$22,702$17,761$13,777$10,609$6,534
23 years$27,197$21,233$16,399$12,547$9,524$5,708
24 years$25,787$19,894$15,167$11,444$8,560$4,991
25 years$24,492$18,670$14,047$10,451$7,703$4,368
26 years$23,299$17,546$13,028$9,556$6,938$3,825
27 years$22,196$16,513$12,098$8,747$6,256$3,352
28 years$21,173$15,560$11,246$8,014$5,644$2,939
29 years$20,223$14,679$10,466$7,349$5,097$2,578
30 years$19,338$13,863$9,748$6,745$4,605$2,263
31 years$18,511$13,105$9,088$6,194$4,164$1,987
32 years$17,738$12,400$8,479$5,693$3,766$1,745
33 years$17,013$11,743$7,917$5,235$3,408$1,533
34 years$16,332$11,130$7,397$4,817$3,086$1,347
35 years$15,692$10,557$6,916$4,434$2,795$1,184
36 years$15,088$10,020$6,470$4,084$2,533$1,040
37 years$14,519$9,516$6,056$3,762$2,295$915
38 years$13,980$9,044$5,671$3,468$2,081$804
39 years$13,471$8,600$5,313$3,198$1,887$707
40 years$12,988$8,182$4,980$2,949$1,712$622
41 years$12,530$7,789$4,670$2,721$1,553$547
42 years$12,095$7,418$4,380$2,511$1,409$481
43 years$11,681$7,068$4,110$2,318$1,279$424
44 years$11,287$6,737$3,858$2,140$1,161$373
45 years$10,912$6,424$3,623$1,977$1,054$328
46 years$10,554$6,128$3,403$1,826$957$289
47 years$10,213$5,848$3,197$1,687$869$254
48 years$9,886$5,583$3,004$1,559$789$223
49 years$9,574$5,332$2,823$1,441$717$197
50 years$9,275$5,093$2,654$1,332$651$173

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 $5,680 every year, while hoping to spend $36,753 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: 46/30/24 Blend
55$9,500,000$9,500,000$9,500,000$9,500,000
56$10,474,859$9,971,359$9,824,109$10,884,266
57$11,504,190$10,420,851$10,114,112$11,622,574
58$12,637,280$10,891,136$10,412,598$12,419,081
59$13,884,676$11,383,194$10,719,812$13,282,551
60$15,257,994$11,898,052$11,036,008$14,219,261
61$16,770,040$12,436,787$11,361,445$15,236,102
62$18,434,920$13,000,525$11,696,389$16,340,648
63$20,268,179$13,590,448$12,041,115$17,541,219
64$22,286,946$14,207,794$12,395,906$18,846,957
65$24,510,098$14,853,859$12,761,051$20,267,911
66$26,958,432$15,530,002$13,136,851$21,815,126
67$29,654,868$16,237,648$13,523,611$23,500,745
68$32,624,661$16,978,289$13,921,649$25,338,118
69$35,895,640$17,753,489$14,331,287$27,341,926
70$39,498,472$18,564,886$14,752,862$29,528,312
71$43,466,949$19,414,198$15,186,716$31,915,032
72$47,838,309$20,303,225$15,633,202$34,521,618
73$52,653,586$21,233,853$16,092,684$37,369,553
74$57,957,999$22,208,059$16,565,536$40,482,475
75$63,801,374$23,227,913$17,052,141$43,886,390
76$70,238,621$24,295,588$17,552,894$47,609,914
77$77,330,247$25,413,358$18,068,202$51,684,535
78$85,142,928$26,583,608$18,598,483$56,144,907
79$93,750,140$27,808,838$19,144,166$61,029,170
80$103,232,850$29,091,668$19,705,691$66,379,303
81$113,680,283$30,434,842$20,283,514$72,241,511
82$125,190,761$31,841,238$20,878,101$78,666,658
83$137,872,634$33,313,874$21,489,933$85,710,736
84$151,845,298$34,855,909$22,119,501$93,435,388
85$167,240,328$36,470,659$22,767,314$101,908,480
86$184,202,716$38,161,595$23,433,894$111,204,734
87$202,892,240$39,932,360$24,119,776$121,406,424
88$223,484,972$41,786,769$24,825,511$132,604,142
89$246,174,940$43,728,822$25,551,667$144,897,645
90$271,175,962$45,762,712$26,298,826$158,396,786
91$298,723,661$47,892,835$27,067,587$173,222,537
92$329,077,688$50,123,799$27,858,566$189,508,126
93$362,524,180$52,460,432$28,672,395$207,400,276
94$399,378,451$54,907,798$29,509,725$227,060,583
95$439,987,978$57,471,205$30,371,225$248,667,025
96$484,735,673$60,156,216$31,257,583$272,415,630
97$534,043,504$62,968,663$32,169,505$298,522,314
98$588,376,475$65,914,661$33,107,717$327,224,900
99$648,247,016$69,000,619$34,072,965$358,785,352
100$714,219,820$72,233,258$35,066,019$393,492,230