Can I retire at age 56 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$817,533$810,251$803,146$796,211$789,440$781,846
2 years$404,719$397,182$389,877$382,794$375,924$368,274
3 years$267,133$259,563$252,276$245,260$238,501$231,033
4 years$198,353$190,806$183,592$176,696$170,101$162,872
5 years$157,096$149,594$142,475$135,719$129,308$122,339
6 years$129,600$122,155$115,141$108,536$102,317$95,617
7 years$109,968$102,586$95,683$89,233$83,211$76,782
8 years$95,251$87,935$81,147$74,856$69,032$62,874
9 years$83,810$76,563$69,892$63,760$58,135$52,246
10 years$74,662$67,487$60,933$54,962$49,534$43,911
11 years$67,183$60,079$53,644$47,833$42,601$37,239
12 years$60,955$53,924$47,608$41,956$36,917$31,811
13 years$55,689$48,731$42,535$37,041$32,192$27,336
14 years$51,179$44,296$38,218$32,881$28,219$23,607
15 years$47,274$40,465$34,505$29,324$24,847$20,471
16 years$43,861$37,126$31,284$26,257$21,960$17,814
17 years$40,852$34,191$28,467$23,591$19,471$15,547
18 years$38,180$31,594$25,987$21,261$17,313$13,603
19 years$35,793$29,281$23,790$19,211$15,431$11,929
20 years$33,647$27,210$21,833$17,399$13,783$10,480
21 years$31,708$25,345$20,082$15,791$12,335$9,222
22 years$29,947$23,658$18,509$14,357$11,056$8,126
23 years$28,342$22,127$17,090$13,076$9,925$7,170
24 years$26,873$20,732$15,805$11,926$8,920$6,333
25 years$25,524$19,456$14,639$10,891$8,027$5,599
26 years$24,280$18,285$13,577$9,958$7,231$4,954
27 years$23,131$17,209$12,607$9,115$6,519$4,387
28 years$22,065$16,216$11,720$8,351$5,882$3,887
29 years$21,075$15,297$10,906$7,658$5,311$3,446
30 years$20,152$14,447$10,159$7,029$4,799$3,056
31 years$19,291$13,657$9,471$6,455$4,339$2,712
32 years$18,485$12,922$8,836$5,932$3,925$2,408
33 years$17,729$12,238$8,251$5,455$3,552$2,138
34 years$17,020$11,599$7,709$5,019$3,216$1,899
35 years$16,352$11,001$7,207$4,621$2,913$1,688
36 years$15,723$10,442$6,742$4,255$2,639$1,500
37 years$15,130$9,917$6,311$3,921$2,392$1,333
38 years$14,569$9,425$5,910$3,614$2,169$1,186
39 years$14,038$8,962$5,537$3,332$1,966$1,054
40 years$13,535$8,527$5,190$3,074$1,784$938
41 years$13,058$8,117$4,866$2,836$1,618$834
42 years$12,604$7,730$4,565$2,617$1,468$742
43 years$12,173$7,365$4,283$2,416$1,333$660
44 years$11,763$7,020$4,021$2,231$1,210$587
45 years$11,372$6,695$3,775$2,060$1,098$523
46 years$10,999$6,386$3,546$1,903$997$465
47 years$10,643$6,095$3,331$1,758$905$414
48 years$10,302$5,818$3,130$1,624$822$369
49 years$9,977$5,556$2,942$1,501$747$328
50 years$9,666$5,307$2,766$1,388$678$292

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $9,900,000, adding $4,173 every year, while hoping to spend $39,936 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: 65/10/25 Blend
55$9,900,000$9,900,000$9,900,000$9,900,000
56$10,914,104$10,389,404$10,235,954$11,551,994
57$11,984,852$10,855,994$10,536,367$12,449,258
58$13,163,476$11,344,107$10,845,506$13,424,690
59$14,460,940$11,854,758$11,163,619$14,489,933
60$15,889,321$12,389,006$11,490,966$15,653,817
61$17,461,928$12,947,964$11,827,809$16,926,058
62$19,193,426$13,532,795$12,174,422$18,317,356
63$21,099,973$14,144,719$12,531,083$19,839,483
64$23,199,376$14,785,016$12,898,079$21,505,403
65$25,511,255$15,455,025$13,275,708$23,329,388
66$28,057,230$16,156,148$13,664,271$25,327,150
67$30,861,125$16,889,857$14,064,082$27,515,988
68$33,949,192$17,657,693$14,475,461$29,914,952
69$37,350,360$18,461,269$14,898,739$32,545,017
70$41,096,504$19,302,280$15,334,255$35,429,284
71$45,222,753$20,182,496$15,782,357$38,593,188
72$49,767,812$21,103,777$16,243,405$42,064,744
73$54,774,336$22,068,069$16,717,766$45,874,804
74$60,289,327$23,077,413$17,205,820$50,057,348
75$66,364,579$24,133,947$17,707,956$54,649,801
76$73,057,168$25,239,913$18,224,574$59,693,386
77$80,429,988$26,397,657$18,756,086$65,233,506
78$88,552,347$27,609,643$19,302,915$71,320,174
79$97,500,620$28,878,448$19,865,496$78,008,480
80$107,358,968$30,206,777$20,444,275$85,359,109
81$118,220,135$31,597,462$21,039,711$93,438,910
82$130,186,325$33,053,473$21,652,277$102,321,523
83$143,370,159$34,577,923$22,282,458$112,088,073
84$157,895,747$36,174,073$22,930,751$122,827,929
85$173,899,853$37,845,341$23,597,671$134,639,547
86$191,533,187$39,595,313$24,283,742$147,631,394
87$210,961,831$41,427,742$24,989,507$161,922,967
88$232,368,803$43,346,567$25,715,521$177,645,920
89$255,955,786$45,355,913$26,462,355$194,945,298
90$281,945,030$47,460,107$27,230,598$213,980,905
91$310,581,452$49,663,681$28,020,852$234,928,808
92$342,134,947$51,971,388$28,833,737$257,982,989
93$376,902,935$54,388,210$29,669,891$283,357,181
94$415,213,170$56,919,368$30,529,968$311,286,868
95$457,426,832$59,570,336$31,414,641$342,031,514
96$503,941,939$62,346,852$32,324,601$375,876,998
97$555,197,100$65,254,931$33,260,558$413,138,312
98$611,675,659$68,300,877$34,223,242$454,162,526
99$673,910,257$71,491,302$35,213,402$499,332,057
100$742,487,861$74,833,133$36,231,808$549,068,275