Can I retire at age 56 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$809,275$802,066$795,033$788,169$781,466$755,846
2 years$400,631$393,170$385,938$378,927$372,127$346,559
3 years$264,434$256,941$249,728$242,782$236,092$211,380
4 years$196,349$188,879$181,738$174,911$168,383$144,716
5 years$155,509$148,083$141,036$134,348$128,002$105,442
6 years$128,291$120,921$113,978$107,440$101,284$79,850
7 years$108,857$101,549$94,716$88,332$82,371$62,061
8 years$94,288$87,047$80,327$74,099$68,335$49,133
9 years$82,963$75,790$69,186$63,116$57,548$39,433
10 years$73,908$66,805$60,318$54,407$49,033$31,977
11 years$66,505$59,472$53,103$47,350$42,170$26,140
12 years$60,339$53,379$47,127$41,533$36,544$21,504
13 years$55,126$48,239$42,105$36,667$31,867$17,780
14 years$50,662$43,848$37,832$32,549$27,934$14,761
15 years$46,797$40,056$34,157$29,028$24,596$12,295
16 years$43,418$36,751$30,968$25,991$21,738$10,269
17 years$40,439$33,846$28,180$23,353$19,274$8,597
18 years$37,795$31,275$25,725$21,046$17,138$7,210
19 years$35,431$28,986$23,550$19,017$15,275$6,056
20 years$33,307$26,935$21,613$17,223$13,644$5,093
21 years$31,388$25,089$19,879$15,631$12,210$4,288
22 years$29,645$23,419$18,322$14,212$10,944$3,614
23 years$28,056$21,904$16,917$12,943$9,824$3,047
24 years$26,602$20,522$15,645$11,805$8,830$2,572
25 years$25,266$19,259$14,491$10,781$7,946$2,171
26 years$24,035$18,101$13,440$9,858$7,157$1,834
27 years$22,897$17,035$12,480$9,023$6,453$1,550
28 years$21,842$16,052$11,602$8,267$5,823$1,310
29 years$20,862$15,143$10,796$7,581$5,258$1,108
30 years$19,949$14,301$10,056$6,958$4,751$937
31 years$19,096$13,519$9,375$6,390$4,295$792
32 years$18,298$12,792$8,747$5,872$3,885$670
33 years$17,550$12,114$8,167$5,400$3,516$567
34 years$16,848$11,481$7,631$4,969$3,183$480
35 years$16,187$10,890$7,135$4,574$2,883$406
36 years$15,565$10,336$6,674$4,213$2,612$344
37 years$14,977$9,817$6,247$3,881$2,368$291
38 years$14,422$9,330$5,850$3,577$2,147$246
39 years$13,896$8,872$5,481$3,299$1,947$208
40 years$13,398$8,441$5,137$3,042$1,766$176
41 years$12,926$8,035$4,817$2,807$1,602$149
42 years$12,477$7,652$4,519$2,591$1,454$126
43 years$12,050$7,291$4,240$2,391$1,319$107
44 years$11,644$6,950$3,980$2,208$1,197$91
45 years$11,257$6,627$3,737$2,039$1,087$77
46 years$10,888$6,322$3,510$1,884$987$65
47 years$10,535$6,033$3,298$1,740$896$55
48 years$10,198$5,759$3,099$1,608$814$47
49 years$9,876$5,500$2,913$1,486$739$39
50 years$9,568$5,254$2,738$1,374$671$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $9,800,000, adding $2,043 every year, while hoping to spend $21,896 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: 55/20/25 Blend
55$9,800,000$9,800,000$9,800,000$9,800,000
56$10,801,707$10,282,307$10,130,407$11,321,430
57$11,880,184$10,762,843$10,446,479$12,159,464
58$13,067,932$11,266,192$10,772,405$13,069,226
59$14,376,073$11,793,447$11,108,492$14,059,601
60$15,816,864$12,345,757$11,455,058$15,138,341
61$17,403,810$12,924,325$11,812,428$16,313,967
62$19,151,793$13,530,412$12,180,940$17,595,853
63$21,077,214$14,165,340$12,560,939$18,994,305
64$23,198,144$14,830,496$12,952,785$20,520,659
65$25,534,497$15,527,332$13,356,845$22,187,385
66$28,108,217$16,257,373$13,773,501$24,008,203
67$30,943,487$17,022,216$14,203,145$25,998,206
68$34,066,954$17,823,535$14,646,181$28,173,999
69$37,507,982$18,663,087$15,103,027$30,553,858
70$41,298,930$19,542,712$15,574,112$33,157,893
71$45,475,456$20,464,341$16,059,881$36,008,236
72$50,076,855$21,429,996$16,560,789$39,129,245
73$55,146,429$22,441,800$17,077,310$42,547,732
74$60,731,893$23,501,977$17,609,929$46,293,212
75$66,885,832$24,612,860$18,159,147$50,398,174
76$73,666,190$25,776,893$18,725,481$54,898,385
77$81,136,821$26,996,641$19,309,465$59,833,223
78$89,368,092$28,274,792$19,911,647$65,246,043
79$98,437,546$29,614,164$20,532,595$71,184,581
80$108,430,631$31,017,714$21,172,893$77,701,400
81$119,441,514$32,488,541$21,833,144$84,854,379
82$131,573,962$34,029,893$22,513,968$92,707,254
83$144,942,326$35,645,178$23,216,006$101,330,213
84$159,672,620$37,337,968$23,939,918$110,800,555
85$175,903,708$39,112,009$24,686,386$121,203,406
86$193,788,618$40,971,230$25,456,113$132,632,522
87$213,495,986$42,919,748$26,249,821$145,191,165
88$235,211,644$44,961,883$27,068,257$158,993,067
89$259,140,379$47,102,164$27,912,192$174,163,499
90$285,507,866$49,345,338$28,782,418$190,840,442
91$314,562,795$51,696,386$29,679,755$209,175,885
92$346,579,219$54,160,528$30,605,047$229,337,246
93$381,859,146$56,743,240$31,559,162$251,508,944
94$420,735,384$59,450,265$32,542,999$275,894,131
95$463,574,687$62,287,621$33,557,483$302,716,598
96$510,781,214$65,261,623$34,603,568$332,222,879
97$562,800,346$68,378,891$35,682,236$364,684,562
98$620,122,893$71,646,368$36,794,502$400,400,844
99$683,289,722$75,071,334$37,941,412$439,701,344
100$752,896,868$78,661,424$39,124,043$482,949,199