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%15%
1 years$792,759$785,698$778,808$772,084$765,517$749,755
2 years$392,455$385,146$378,062$371,194$364,532$348,723
3 years$259,038$251,697$244,631$237,828$231,274$215,912
4 years$192,342$185,024$178,029$171,341$164,947$150,150
5 years$152,335$145,061$138,158$131,607$125,390$111,200
6 years$125,673$118,453$111,652$105,247$99,217$85,650
7 years$106,636$99,477$92,783$86,529$80,690$67,748
8 years$92,364$85,270$78,688$72,587$66,940$54,620
9 years$81,270$74,243$67,774$61,828$56,373$44,666
10 years$72,400$65,441$59,087$53,297$48,033$36,927
11 years$65,147$58,259$52,019$46,384$41,310$30,792
12 years$59,108$52,290$46,165$40,685$35,798$25,852
13 years$54,001$47,255$41,246$35,919$31,217$21,826
14 years$49,628$42,953$37,060$31,885$27,364$18,510
15 years$45,842$39,239$33,460$28,435$24,094$15,758
16 years$42,532$36,001$30,336$25,461$21,294$13,456
17 years$39,614$33,155$27,605$22,876$18,881$11,521
18 years$37,024$30,637$25,200$20,616$16,788$9,886
19 years$34,708$28,394$23,069$18,629$14,963$8,499
20 years$32,627$26,385$21,172$16,872$13,366$7,319
21 years$30,747$24,577$19,474$15,312$11,961$6,311
22 years$29,040$22,941$17,948$13,922$10,721$5,448
23 years$27,483$21,457$16,572$12,679$9,624$4,707
24 years$26,059$20,104$15,326$11,564$8,650$4,071
25 years$24,750$18,866$14,195$10,561$7,784$3,523
26 years$23,544$17,731$13,165$9,657$7,011$3,051
27 years$22,430$16,687$12,225$8,839$6,321$2,644
28 years$21,396$15,724$11,365$8,098$5,704$2,292
29 years$20,436$14,834$10,576$7,426$5,150$1,988
30 years$19,541$14,009$9,851$6,816$4,654$1,725
31 years$18,706$13,243$9,184$6,260$4,207$1,497
32 years$17,925$12,531$8,569$5,753$3,806$1,299
33 years$17,192$11,867$8,001$5,290$3,444$1,128
34 years$16,504$11,247$7,475$4,867$3,118$980
35 years$15,857$10,668$6,989$4,481$2,825$851
36 years$15,247$10,125$6,538$4,127$2,559$739
37 years$14,671$9,617$6,119$3,802$2,319$642
38 years$14,127$9,139$5,731$3,504$2,103$558
39 years$13,613$8,690$5,369$3,231$1,907$485
40 years$13,125$8,268$5,032$2,980$1,730$421
41 years$12,662$7,871$4,719$2,750$1,569$366
42 years$12,222$7,496$4,426$2,538$1,424$318
43 years$11,804$7,142$4,153$2,343$1,292$277
44 years$11,406$6,808$3,899$2,163$1,173$241
45 years$11,027$6,492$3,661$1,998$1,065$209
46 years$10,665$6,193$3,438$1,845$967$182
47 years$10,320$5,910$3,230$1,705$878$158
48 years$9,990$5,642$3,036$1,575$797$137
49 years$9,675$5,388$2,853$1,456$724$119
50 years$9,373$5,146$2,682$1,346$658$104

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 $2,923 every year, while hoping to spend $35,043 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: 60/28/12 Blend
55$9,600,000$9,600,000$9,600,000$9,600,000
56$10,582,215$10,073,415$9,924,615$11,186,337
57$11,624,316$10,529,727$10,219,804$12,049,192
58$12,771,536$11,007,224$10,523,708$12,985,767
59$14,034,561$11,506,906$10,836,580$14,006,545
60$15,425,165$12,029,823$11,158,685$15,119,649
61$16,956,322$12,577,075$11,490,291$16,334,016
62$18,642,327$13,149,811$11,831,676$17,659,471
63$20,498,933$13,749,241$12,183,125$19,106,818
64$22,543,498$14,376,628$12,544,934$20,687,944
65$24,795,150$15,033,297$12,917,404$22,415,922
66$27,274,964$15,720,639$13,300,847$24,305,134
67$30,006,168$16,440,107$13,695,582$26,371,406
68$33,014,352$17,193,227$14,101,939$28,632,147
69$36,327,719$17,981,599$14,520,258$31,106,516
70$39,977,346$18,806,896$14,950,886$33,815,597
71$43,997,477$19,670,876$15,394,182$36,782,592
72$48,425,848$20,575,377$15,850,515$40,033,038
73$53,304,043$21,522,329$16,320,266$43,595,045
74$58,677,884$22,513,752$16,803,824$47,499,553
75$64,597,868$23,551,765$17,301,591$51,780,622
76$71,119,637$24,638,589$17,813,981$56,475,746
77$78,304,510$25,776,549$18,341,419$61,626,205
78$86,220,055$26,968,085$18,884,342$67,277,448
79$94,940,734$28,215,754$19,443,201$73,479,513
80$104,548,598$29,522,236$20,018,457$80,287,500
81$115,134,067$30,890,338$20,610,588$87,762,076
82$126,796,782$32,323,004$21,220,083$95,970,051
83$139,646,543$33,823,321$21,847,445$104,984,993
84$153,804,350$35,394,523$22,493,194$114,887,921
85$169,403,539$37,040,000$23,157,861$125,768,061
86$186,591,047$38,763,307$23,841,997$137,723,679
87$205,528,794$40,568,169$24,546,163$150,862,999
88$226,395,213$42,458,491$25,270,941$165,305,223
89$249,386,934$44,438,367$26,016,928$181,181,638
90$274,720,643$46,512,088$26,784,736$198,636,853
91$302,635,121$48,684,153$27,574,998$217,830,152
92$333,393,505$50,959,279$28,388,362$238,936,984
93$367,285,767$53,342,407$29,225,496$262,150,616
94$404,631,452$55,838,722$30,087,087$287,683,939
95$445,782,697$58,453,656$30,973,841$315,771,468
96$491,127,552$61,192,906$31,886,485$346,671,546
97$541,093,646$64,062,441$32,825,766$380,668,767
98$596,152,220$67,068,524$33,792,452$418,076,652
99$656,822,580$70,217,715$34,787,332$459,240,590
100$723,676,996$73,516,896$35,811,221$504,541,089