Can I retire at age 56 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$825,791$818,435$811,258$804,254$797,414$784,850
2 years$408,807$401,194$393,815$386,660$379,721$367,095
3 years$269,831$262,184$254,824$247,737$240,911$228,616
4 years$200,356$192,733$185,447$178,481$171,819$159,951
5 years$158,683$151,105$143,914$137,090$130,614$119,207
6 years$130,909$123,389$116,304$109,632$103,351$92,417
7 years$111,079$103,622$96,649$90,135$84,052$73,595
8 years$96,213$88,823$81,966$75,612$69,729$59,747
9 years$84,656$77,336$70,598$64,404$58,722$49,210
10 years$75,417$68,168$61,549$55,517$50,034$40,984
11 years$67,862$60,686$54,186$48,317$43,031$34,434
12 years$61,571$54,469$48,089$42,380$37,290$29,135
13 years$56,251$49,224$42,964$37,415$32,517$24,793
14 years$51,696$44,743$38,604$33,213$28,505$21,198
15 years$47,752$40,874$34,854$29,620$25,098$18,196
16 years$44,304$37,501$31,600$26,522$22,181$15,670
17 years$41,265$34,537$28,755$23,830$19,668$13,532
18 years$38,566$31,914$26,250$21,475$17,487$11,714
19 years$36,155$29,577$24,030$19,405$15,587$10,160
20 years$33,987$27,484$22,054$17,575$13,923$8,828
21 years$32,028$25,601$20,285$15,950$12,459$7,681
22 years$30,250$23,897$18,696$14,502$11,168$6,692
23 years$28,629$22,351$17,262$13,208$10,025$5,837
24 years$27,145$20,941$15,965$12,046$9,011$5,096
25 years$25,782$19,652$14,787$11,001$8,108$4,453
26 years$24,525$18,470$13,714$10,059$7,304$3,893
27 years$23,364$17,382$12,734$9,207$6,585$3,406
28 years$22,288$16,379$11,838$8,436$5,942$2,982
29 years$21,288$15,452$11,017$7,736$5,365$2,611
30 years$20,356$14,593$10,262$7,099$4,848$2,288
31 years$19,486$13,795$9,567$6,520$4,383$2,006
32 years$18,672$13,053$8,926$5,992$3,965$1,758
33 years$17,909$12,361$8,334$5,510$3,588$1,542
34 years$17,192$11,716$7,787$5,070$3,248$1,353
35 years$16,518$11,112$7,280$4,667$2,942$1,187
36 years$15,882$10,547$6,810$4,298$2,666$1,042
37 years$15,283$10,017$6,374$3,960$2,416$914
38 years$14,716$9,520$5,969$3,650$2,190$803
39 years$14,180$9,053$5,593$3,366$1,986$705
40 years$13,672$8,613$5,242$3,105$1,802$619
41 years$13,189$8,199$4,915$2,864$1,635$543
42 years$12,731$7,808$4,611$2,643$1,483$477
43 years$12,296$7,439$4,327$2,440$1,346$419
44 years$11,881$7,091$4,061$2,253$1,222$368
45 years$11,486$6,762$3,813$2,081$1,109$323
46 years$11,110$6,451$3,582$1,922$1,007$284
47 years$10,750$6,156$3,365$1,776$914$249
48 years$10,406$5,877$3,162$1,641$830$219
49 years$10,078$5,612$2,972$1,516$754$193
50 years$9,763$5,361$2,794$1,402$685$169

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,000,000, adding $3,252 every year, while hoping to spend $49,764 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: 52/41/7 Blend
55$10,000,000$10,000,000$10,000,000$10,000,000
56$11,023,354$10,493,354$10,338,354$11,577,585
57$12,094,788$10,954,580$10,631,741$12,415,402
58$13,273,840$11,436,738$10,933,288$13,320,359
59$14,571,435$11,940,802$11,243,216$14,303,277
60$15,999,610$12,467,790$11,561,752$15,371,509
61$17,571,628$13,018,769$11,889,129$16,533,131
62$19,302,104$13,594,859$12,225,585$17,797,017
63$21,207,141$14,197,229$12,571,364$19,172,915
64$23,304,483$14,827,107$12,926,718$20,671,540
65$25,613,681$15,485,776$13,291,904$22,304,666
66$28,156,280$16,174,582$13,667,186$24,085,236
67$30,956,019$16,894,936$14,052,836$26,027,482
68$34,039,057$17,648,312$14,449,130$28,147,047
69$37,434,219$18,436,257$14,856,354$30,461,136
70$41,173,268$19,260,392$15,274,800$32,988,667
71$45,291,203$20,122,413$15,704,768$35,750,450
72$49,826,593$21,024,099$16,146,565$38,769,372
73$54,821,937$21,967,311$16,600,507$42,070,612
74$60,324,067$22,954,002$17,066,916$45,681,867
75$66,384,588$23,986,214$17,546,124$49,633,614
76$73,060,368$25,066,090$18,038,471$53,959,385
77$80,414,070$26,195,873$18,544,304$58,696,081
78$88,514,749$27,377,915$19,063,982$63,884,308
79$97,438,498$28,614,677$19,597,870$69,568,757
80$107,269,169$29,908,741$20,146,343$75,798,618
81$118,099,165$31,262,810$20,709,787$82,628,030
82$130,030,310$32,679,718$21,288,594$90,116,590
83$143,174,810$34,162,433$21,883,171$98,329,903
84$157,656,314$35,714,065$22,493,930$107,340,192
85$173,611,077$37,337,873$23,121,296$117,226,971
86$191,189,252$39,037,274$23,765,704$128,077,783
87$210,556,300$40,815,845$24,427,600$139,989,017
88$231,894,559$42,677,337$25,107,441$153,066,804
89$255,404,958$44,625,681$25,805,694$167,428,010
90$281,308,917$46,664,993$26,522,838$183,201,324
91$309,850,439$48,799,590$27,259,366$200,528,462
92$341,298,409$51,033,995$28,015,780$219,565,485
93$375,949,133$53,372,947$28,792,595$240,484,268
94$414,129,138$55,821,414$29,590,339$263,474,096
95$456,198,248$58,384,602$30,409,554$288,743,443
96$502,552,987$61,067,966$31,250,792$316,521,919
97$553,630,320$63,877,223$32,114,621$347,062,423
98$609,911,773$66,818,368$33,001,622$380,643,509
99$671,927,986$69,897,680$33,912,388$417,572,000
100$740,263,717$73,121,743$34,847,530$458,185,860