Can I retire at age 56 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$792,759$785,698$778,808$772,084$765,517$753,146
2 years$392,455$385,146$378,062$371,194$364,532$352,102
3 years$259,038$251,697$244,631$237,828$231,274$219,172
4 years$192,342$185,024$178,029$171,341$164,947$153,266
5 years$152,335$145,061$138,158$131,607$125,390$114,165
6 years$125,673$118,453$111,652$105,247$99,217$88,460
7 years$106,636$99,477$92,783$86,529$80,690$70,404
8 years$92,364$85,270$78,688$72,587$66,940$57,124
9 years$81,270$74,243$67,774$61,828$56,373$47,022
10 years$72,400$65,441$59,087$53,297$48,033$39,138
11 years$65,147$58,259$52,019$46,384$41,310$32,862
12 years$59,108$52,290$46,165$40,685$35,798$27,787
13 years$54,001$47,255$41,246$35,919$31,217$23,631
14 years$49,628$42,953$37,060$31,885$27,364$20,191
15 years$45,842$39,239$33,460$28,435$24,094$17,319
16 years$42,532$36,001$30,336$25,461$21,294$14,905
17 years$39,614$33,155$27,605$22,876$18,881$12,862
18 years$37,024$30,637$25,200$20,616$16,788$11,126
19 years$34,708$28,394$23,069$18,629$14,963$9,643
20 years$32,627$26,385$21,172$16,872$13,366$8,372
21 years$30,747$24,577$19,474$15,312$11,961$7,279
22 years$29,040$22,941$17,948$13,922$10,721$6,337
23 years$27,483$21,457$16,572$12,679$9,624$5,523
24 years$26,059$20,104$15,326$11,564$8,650$4,818
25 years$24,750$18,866$14,195$10,561$7,784$4,206
26 years$23,544$17,731$13,165$9,657$7,011$3,675
27 years$22,430$16,687$12,225$8,839$6,321$3,213
28 years$21,396$15,724$11,365$8,098$5,704$2,810
29 years$20,436$14,834$10,576$7,426$5,150$2,459
30 years$19,541$14,009$9,851$6,816$4,654$2,153
31 years$18,706$13,243$9,184$6,260$4,207$1,885
32 years$17,925$12,531$8,569$5,753$3,806$1,652
33 years$17,192$11,867$8,001$5,290$3,444$1,447
34 years$16,504$11,247$7,475$4,867$3,118$1,269
35 years$15,857$10,668$6,989$4,481$2,825$1,112
36 years$15,247$10,125$6,538$4,127$2,559$975
37 years$14,671$9,617$6,119$3,802$2,319$855
38 years$14,127$9,139$5,731$3,504$2,103$750
39 years$13,613$8,690$5,369$3,231$1,907$658
40 years$13,125$8,268$5,032$2,980$1,730$577
41 years$12,662$7,871$4,719$2,750$1,569$506
42 years$12,222$7,496$4,426$2,538$1,424$444
43 years$11,804$7,142$4,153$2,343$1,292$390
44 years$11,406$6,808$3,899$2,163$1,173$342
45 years$11,027$6,492$3,661$1,998$1,065$300
46 years$10,665$6,193$3,438$1,845$967$264
47 years$10,320$5,910$3,230$1,705$878$231
48 years$9,990$5,642$3,036$1,575$797$203
49 years$9,675$5,388$2,853$1,456$724$178
50 years$9,373$5,146$2,682$1,346$658$156

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $9,600,000, adding $5,670 every year, while hoping to spend $42,997 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: 62/32/6 Blend
55$9,600,000$9,600,000$9,600,000$9,600,000
56$10,585,049$10,076,249$9,927,449$11,229,652
57$11,618,975$10,524,236$10,214,270$12,108,413
58$12,756,921$10,992,734$10,509,258$13,061,578
59$14,009,451$11,482,702$10,812,642$14,100,762
60$15,388,206$11,995,145$11,124,656$15,234,271
61$16,906,012$12,531,117$11,445,542$16,471,238
62$18,577,003$13,091,719$11,775,545$17,821,704
63$20,416,752$13,678,108$12,114,920$19,296,715
64$22,442,419$14,291,494$12,463,929$20,908,416
65$24,672,915$14,933,146$12,822,840$22,670,170
66$27,129,074$15,604,392$13,191,926$24,596,677
67$29,833,856$16,306,624$13,571,473$26,704,107
68$32,812,561$17,041,300$13,961,768$29,010,255
69$36,093,066$17,809,948$14,363,112$31,534,698
70$39,706,093$18,614,170$14,775,810$34,298,984
71$43,685,491$19,455,641$15,200,177$37,326,823
72$48,068,564$20,336,120$15,636,535$40,644,311
73$52,896,415$21,257,447$16,085,217$44,280,172
74$58,214,340$22,221,553$16,546,562$48,266,022
75$64,072,252$23,230,458$17,020,921$52,636,664
76$70,525,153$24,286,281$17,508,653$57,430,410
77$77,633,651$25,391,242$18,010,126$62,689,440
78$85,464,537$26,547,666$18,525,719$68,460,192
79$94,091,409$27,757,991$19,055,819$74,793,793
80$103,595,371$29,024,771$19,600,828$81,746,540
81$114,065,796$30,350,682$20,161,153$89,380,419
82$125,601,171$31,738,530$20,737,215$97,763,688
83$138,310,026$33,191,252$21,329,447$106,971,513
84$152,311,955$34,711,931$21,938,290$117,086,668
85$167,738,753$36,303,793$22,564,201$128,200,312
86$184,735,649$37,970,223$23,207,645$140,412,836
87$203,462,686$39,714,765$23,869,102$153,834,809
88$224,096,228$41,541,135$24,549,064$168,588,006
89$246,830,621$43,453,229$25,248,036$184,806,553
90$271,880,035$45,455,128$25,966,536$202,638,180
91$299,480,478$47,551,109$26,705,095$222,245,609
92$329,892,031$49,745,657$27,464,259$243,808,074
93$363,401,294$52,043,471$28,244,588$267,523,007
94$400,324,102$54,449,476$29,046,657$293,607,887
95$441,008,496$56,968,836$29,871,056$322,302,279
96$485,838,015$59,606,962$30,718,389$353,870,088
97$535,235,314$62,369,525$31,589,277$388,602,030
98$589,666,156$65,262,471$32,484,357$426,818,370
99$649,643,803$68,292,032$33,404,283$468,871,922
100$715,733,870$71,464,740$34,349,725$515,151,369