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%16.4%
1 years$792,759$785,698$778,808$772,084$765,517$745,499
2 years$392,455$385,146$378,062$371,194$364,532$344,501
3 years$259,038$251,697$244,631$237,828$231,274$211,856
4 years$192,342$185,024$178,029$171,341$164,947$146,291
5 years$152,335$145,061$138,158$131,607$125,390$107,549
6 years$125,673$118,453$111,652$105,247$99,217$82,207
7 years$106,636$99,477$92,783$86,529$80,690$64,513
8 years$92,364$85,270$78,688$72,587$66,940$51,588
9 years$81,270$74,243$67,774$61,828$56,373$41,833
10 years$72,400$65,441$59,087$53,297$48,033$34,286
11 years$65,147$58,259$52,019$46,384$41,310$28,336
12 years$59,108$52,290$46,165$40,685$35,798$23,574
13 years$54,001$47,255$41,246$35,919$31,217$19,717
14 years$49,628$42,953$37,060$31,885$27,364$16,562
15 years$45,842$39,239$33,460$28,435$24,094$13,962
16 years$42,532$36,001$30,336$25,461$21,294$11,805
17 years$39,614$33,155$27,605$22,876$18,881$10,006
18 years$37,024$30,637$25,200$20,616$16,788$8,498
19 years$34,708$28,394$23,069$18,629$14,963$7,230
20 years$32,627$26,385$21,172$16,872$13,366$6,160
21 years$30,747$24,577$19,474$15,312$11,961$5,255
22 years$29,040$22,941$17,948$13,922$10,721$4,487
23 years$27,483$21,457$16,572$12,679$9,624$3,835
24 years$26,059$20,104$15,326$11,564$8,650$3,280
25 years$24,750$18,866$14,195$10,561$7,784$2,808
26 years$23,544$17,731$13,165$9,657$7,011$2,404
27 years$22,430$16,687$12,225$8,839$6,321$2,060
28 years$21,396$15,724$11,365$8,098$5,704$1,765
29 years$20,436$14,834$10,576$7,426$5,150$1,514
30 years$19,541$14,009$9,851$6,816$4,654$1,298
31 years$18,706$13,243$9,184$6,260$4,207$1,113
32 years$17,925$12,531$8,569$5,753$3,806$955
33 years$17,192$11,867$8,001$5,290$3,444$820
34 years$16,504$11,247$7,475$4,867$3,118$704
35 years$15,857$10,668$6,989$4,481$2,825$604
36 years$15,247$10,125$6,538$4,127$2,559$519
37 years$14,671$9,617$6,119$3,802$2,319$445
38 years$14,127$9,139$5,731$3,504$2,103$382
39 years$13,613$8,690$5,369$3,231$1,907$328
40 years$13,125$8,268$5,032$2,980$1,730$282
41 years$12,662$7,871$4,719$2,750$1,569$242
42 years$12,222$7,496$4,426$2,538$1,424$208
43 years$11,804$7,142$4,153$2,343$1,292$179
44 years$11,406$6,808$3,899$2,163$1,173$153
45 years$11,027$6,492$3,661$1,998$1,065$132
46 years$10,665$6,193$3,438$1,845$967$113
47 years$10,320$5,910$3,230$1,705$878$97
48 years$9,990$5,642$3,036$1,575$797$84
49 years$9,675$5,388$2,853$1,456$724$72
50 years$9,373$5,146$2,682$1,346$658$62

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 $6,198 every year, while hoping to spend $50,098 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: 48/43/9 Blend
55$9,600,000$9,600,000$9,600,000$9,600,000
56$10,585,593$10,076,793$9,927,993$11,067,680
57$11,612,020$10,517,252$10,207,277$11,839,634
58$12,741,463$10,977,615$10,494,238$12,671,535
59$13,984,377$11,458,803$10,789,080$13,573,587
60$15,352,282$11,961,783$11,092,013$14,552,341
61$16,857,871$12,487,566$11,403,251$15,614,987
62$18,515,129$13,037,211$11,723,015$16,769,420
63$20,339,466$13,611,829$12,051,530$18,024,315
64$22,347,863$14,212,580$12,389,028$19,389,197
65$24,559,031$14,840,682$12,735,746$20,874,537
66$26,993,585$15,497,409$13,091,927$22,491,836
67$29,674,245$16,184,096$13,457,821$24,253,738
68$32,626,042$16,902,141$13,833,682$26,174,137
69$35,876,561$17,653,009$14,219,773$28,268,310
70$39,456,197$18,438,233$14,616,362$30,553,052
71$43,398,443$19,259,420$15,023,723$33,046,829
72$47,740,205$20,118,253$15,442,140$35,769,950
73$52,522,154$21,016,495$15,871,899$38,744,749
74$57,789,104$21,955,994$16,313,298$41,995,793
75$63,590,438$22,938,683$16,766,639$45,550,103
76$69,980,573$23,966,589$17,232,232$49,437,408
77$77,019,476$25,041,836$17,710,396$53,690,415
78$84,773,225$26,166,648$18,201,456$58,345,111
79$93,314,635$27,343,355$18,705,746$63,441,094
80$102,723,947$28,574,399$19,223,608$69,021,943
81$113,089,583$29,862,337$19,755,392$75,135,614
82$124,508,978$31,209,850$20,301,456$81,834,890
83$137,089,507$32,619,745$20,862,167$89,177,869
84$150,949,488$34,094,964$21,437,901$97,228,498
85$166,219,308$35,638,590$22,029,044$106,057,174
86$183,042,649$37,253,852$22,635,988$115,741,392
87$201,577,843$38,944,135$23,259,137$126,366,468
88$221,999,370$40,712,984$23,898,905$138,026,332
89$244,499,500$42,564,115$24,555,713$150,824,405
90$269,290,114$44,501,422$25,229,994$164,874,558
91$296,604,698$46,528,984$25,922,192$180,302,179
92$326,700,550$48,651,077$26,632,758$197,245,339
93$359,861,208$50,872,181$27,362,156$215,856,082
94$396,399,124$53,196,991$28,110,862$236,301,845
95$436,658,618$55,630,427$28,879,359$258,767,025
96$481,019,124$58,177,645$29,668,144$283,454,700
97$529,898,773$60,844,048$30,477,726$310,588,528
98$583,758,342$63,635,300$31,308,623$340,414,845
99$643,105,597$66,557,334$32,161,367$373,204,967
100$708,500,096$69,616,372$33,036,501$409,257,733