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%13.9%
1 years$809,275$802,066$795,033$788,169$781,466$768,836
2 years$400,631$393,170$385,938$378,927$372,127$359,437
3 years$264,434$256,941$249,728$242,782$236,092$223,738
4 years$196,349$188,879$181,738$174,911$168,383$156,459
5 years$155,509$148,083$141,036$134,348$128,002$116,543
6 years$128,291$120,921$113,978$107,440$101,284$90,303
7 years$108,857$101,549$94,716$88,332$82,371$71,871
8 years$94,288$87,047$80,327$74,099$68,335$58,314
9 years$82,963$75,790$69,186$63,116$57,548$48,001
10 years$73,908$66,805$60,318$54,407$49,033$39,953
11 years$66,505$59,472$53,103$47,350$42,170$33,547
12 years$60,339$53,379$47,127$41,533$36,544$28,366
13 years$55,126$48,239$42,105$36,667$31,867$24,123
14 years$50,662$43,848$37,832$32,549$27,934$20,611
15 years$46,797$40,056$34,157$29,028$24,596$17,680
16 years$43,418$36,751$30,968$25,991$21,738$15,215
17 years$40,439$33,846$28,180$23,353$19,274$13,130
18 years$37,795$31,275$25,725$21,046$17,138$11,358
19 years$35,431$28,986$23,550$19,017$15,275$9,844
20 years$33,307$26,935$21,613$17,223$13,644$8,546
21 years$31,388$25,089$19,879$15,631$12,210$7,431
22 years$29,645$23,419$18,322$14,212$10,944$6,469
23 years$28,056$21,904$16,917$12,943$9,824$5,638
24 years$26,602$20,522$15,645$11,805$8,830$4,918
25 years$25,266$19,259$14,491$10,781$7,946$4,294
26 years$24,035$18,101$13,440$9,858$7,157$3,752
27 years$22,897$17,035$12,480$9,023$6,453$3,280
28 years$21,842$16,052$11,602$8,267$5,823$2,869
29 years$20,862$15,143$10,796$7,581$5,258$2,510
30 years$19,949$14,301$10,056$6,958$4,751$2,198
31 years$19,096$13,519$9,375$6,390$4,295$1,925
32 years$18,298$12,792$8,747$5,872$3,885$1,686
33 years$17,550$12,114$8,167$5,400$3,516$1,478
34 years$16,848$11,481$7,631$4,969$3,183$1,295
35 years$16,187$10,890$7,135$4,574$2,883$1,135
36 years$15,565$10,336$6,674$4,213$2,612$995
37 years$14,977$9,817$6,247$3,881$2,368$873
38 years$14,422$9,330$5,850$3,577$2,147$766
39 years$13,896$8,872$5,481$3,299$1,947$672
40 years$13,398$8,441$5,137$3,042$1,766$589
41 years$12,926$8,035$4,817$2,807$1,602$517
42 years$12,477$7,652$4,519$2,591$1,454$454
43 years$12,050$7,291$4,240$2,391$1,319$398
44 years$11,644$6,950$3,980$2,208$1,197$349
45 years$11,257$6,627$3,737$2,039$1,087$307
46 years$10,888$6,322$3,510$1,884$987$269
47 years$10,535$6,033$3,298$1,740$896$236
48 years$10,198$5,759$3,099$1,608$814$207
49 years$9,876$5,500$2,913$1,486$739$182
50 years$9,568$5,254$2,738$1,374$671$160

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 $4,289 every year, while hoping to spend $24,041 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: 63/32/5 Blend
55$9,800,000$9,800,000$9,800,000$9,800,000
56$10,804,024$10,284,624$10,132,724$11,476,392
57$11,880,455$10,762,991$10,446,591$12,402,961
58$13,065,876$11,263,993$10,770,167$13,410,914
59$14,371,379$11,788,712$11,103,751$14,510,716
60$15,809,186$12,338,285$11,447,653$15,711,250
61$17,392,766$12,913,903$11,802,191$17,022,282
62$19,136,958$13,516,814$12,167,694$18,454,552
63$21,058,116$14,148,327$12,544,501$20,019,870
64$23,174,262$14,809,814$12,932,960$21,731,226
65$25,505,254$15,502,712$13,333,432$23,602,909
66$28,072,975$16,228,529$13,746,286$25,650,636
67$30,901,538$16,988,847$14,171,907$27,891,698
68$34,017,516$17,785,321$14,610,686$30,345,120
69$37,450,189$18,619,689$15,063,031$33,031,837
70$41,231,827$19,493,772$15,529,361$35,974,882
71$45,397,986$20,409,479$16,010,107$39,199,605
72$49,987,849$21,368,812$16,505,715$42,733,904
73$55,044,595$22,373,870$17,016,642$46,608,485
74$60,615,806$23,426,851$17,543,361$50,857,145
75$66,753,915$24,530,064$18,086,361$55,517,086
76$73,516,703$25,685,926$18,646,143$60,629,261
77$80,967,843$26,896,973$19,223,225$66,238,753
78$89,177,501$28,165,862$19,818,141$72,395,195
79$98,222,999$29,495,382$20,431,441$79,153,234
80$108,189,544$30,888,455$21,063,693$86,573,036
81$119,171,031$32,348,143$21,715,481$94,720,847
82$131,270,934$33,877,660$22,387,407$103,669,614
83$144,603,278$35,480,374$23,080,094$113,499,663
84$159,293,716$37,159,816$23,794,180$124,299,450
85$175,480,717$38,919,689$24,530,328$136,166,384
86$193,316,872$40,763,875$25,289,216$149,207,741
87$212,970,335$42,696,447$26,071,546$163,541,668
88$234,626,407$44,721,671$26,878,041$179,298,283
89$258,489,291$46,844,024$27,709,446$196,620,895
90$284,784,016$49,068,198$28,566,530$215,667,349
91$313,758,561$51,399,114$29,450,083$236,611,499
92$345,686,196$53,841,933$30,360,923$259,644,840
93$380,868,064$56,402,064$31,299,890$284,978,305
94$419,636,022$59,085,180$32,267,852$312,844,236
95$462,355,773$61,897,231$33,265,702$343,498,571
96$509,430,320$64,844,454$34,294,361$377,223,239
97$561,303,771$67,933,390$35,354,780$414,328,813
98$618,465,527$71,170,898$36,447,937$455,157,416
99$681,454,909$74,564,170$37,574,841$500,085,945
100$750,866,243$78,120,748$38,736,532$549,529,603