Can I retire at age 56 with 10,100,000?

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 $10,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$834,049$826,619$819,371$812,296$805,388$796,977
2 years$412,895$405,206$397,753$390,527$383,518$375,048
3 years$272,529$264,806$257,372$250,214$243,320$235,053
4 years$202,360$194,661$187,301$180,265$173,538$165,538
5 years$160,269$152,616$145,353$138,461$131,921$124,212
6 years$132,218$124,623$117,467$110,728$104,384$96,976
7 years$112,190$104,658$97,616$91,036$84,892$77,787
8 years$97,175$89,711$82,786$76,368$70,426$63,624
9 years$85,503$78,110$71,303$65,048$59,309$52,808
10 years$76,171$68,850$62,164$56,072$50,534$44,329
11 years$68,540$61,293$54,728$48,800$43,461$37,547
12 years$62,186$55,013$48,570$42,804$37,663$32,034
13 years$56,814$49,716$43,394$37,789$32,843$27,492
14 years$52,213$45,190$38,990$33,545$28,790$23,711
15 years$48,229$41,282$35,202$29,917$25,349$20,533
16 years$44,747$37,876$31,916$26,787$22,403$17,843
17 years$41,677$34,882$29,042$24,068$19,864$15,551
18 years$38,952$32,233$26,512$21,690$17,662$13,587
19 years$36,516$29,873$24,270$19,599$15,743$11,897
20 years$34,327$27,759$22,274$17,750$14,062$10,437
21 years$32,348$25,857$20,488$16,110$12,584$9,171
22 years$30,552$24,136$18,883$14,647$11,280$8,069
23 years$28,915$22,574$17,435$13,340$10,125$7,109
24 years$27,416$21,151$16,124$12,167$9,101$6,269
25 years$26,039$19,849$14,934$11,111$8,189$5,534
26 years$24,771$18,655$13,851$10,159$7,377$4,889
27 years$23,598$17,556$12,862$9,299$6,651$4,322
28 years$22,511$16,543$11,957$8,520$6,001$3,823
29 years$21,500$15,607$11,127$7,813$5,419$3,384
30 years$20,559$14,739$10,364$7,170$4,896$2,997
31 years$19,680$13,933$9,662$6,586$4,427$2,655
32 years$18,858$13,183$9,015$6,052$4,004$2,353
33 years$18,088$12,485$8,417$5,566$3,624$2,086
34 years$17,364$11,833$7,865$5,121$3,281$1,850
35 years$16,683$11,223$7,353$4,714$2,972$1,641
36 years$16,041$10,653$6,878$4,341$2,692$1,456
37 years$15,436$10,117$6,438$4,000$2,440$1,292
38 years$14,863$9,615$6,029$3,687$2,212$1,147
39 years$14,322$9,143$5,649$3,400$2,006$1,018
40 years$13,808$8,699$5,294$3,136$1,820$904
41 years$13,321$8,281$4,964$2,893$1,651$803
42 years$12,859$7,886$4,657$2,670$1,498$713
43 years$12,419$7,514$4,370$2,465$1,360$633
44 years$12,000$7,162$4,102$2,276$1,234$562
45 years$11,601$6,830$3,851$2,102$1,120$500
46 years$11,221$6,515$3,617$1,941$1,017$444
47 years$10,858$6,218$3,398$1,794$924$394
48 years$10,511$5,936$3,194$1,657$839$350
49 years$10,179$5,668$3,002$1,532$762$311
50 years$9,861$5,415$2,822$1,416$692$277

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,100,000, adding $2,005 every year, while hoping to spend $40,446 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: 74/20/6 Blend
55$10,100,000$10,100,000$10,100,000$10,100,000
56$11,132,268$10,596,968$10,440,418$11,948,616
57$12,224,725$11,073,185$10,747,138$12,962,360
58$13,427,257$11,571,382$11,062,777$14,067,213
59$14,751,050$12,092,591$11,387,592$15,276,353
60$16,208,426$12,637,898$11,721,846$16,600,073
61$17,812,968$13,208,437$12,065,810$18,049,702
62$19,579,637$13,805,397$12,419,762$19,637,711
63$21,524,925$14,430,026$12,783,988$21,377,825
64$23,666,998$15,083,629$13,158,783$23,285,153
65$26,025,879$15,767,574$13,544,449$25,376,327
66$28,623,629$16,483,295$13,941,298$27,669,658
67$31,484,557$17,232,294$14,349,649$30,185,306
68$34,635,451$18,016,145$14,769,832$32,945,466
69$38,105,830$18,836,499$15,202,184$35,974,577
70$41,928,220$19,695,083$15,647,053$39,299,549
71$46,138,466$20,593,710$16,104,796$42,950,014
72$50,776,064$21,534,276$16,575,781$46,958,601
73$55,884,538$22,518,771$17,060,386$51,361,246
74$61,511,850$23,549,280$17,558,998$56,197,521
75$67,710,852$24,627,988$18,072,017$61,511,008
76$74,539,782$25,757,183$18,599,854$67,349,707
77$82,062,820$26,939,265$19,142,929$73,766,484
78$90,350,687$28,176,748$19,701,676$80,819,566
79$99,481,316$29,472,268$20,276,542$88,573,086
80$109,540,588$30,828,587$20,867,983$97,097,686
81$120,623,139$32,248,598$21,476,472$106,471,177
82$132,833,257$33,735,337$22,102,491$116,779,270
83$146,285,863$35,291,983$22,746,538$128,116,380
84$161,107,598$36,921,868$23,409,125$140,586,511
85$177,438,020$38,628,485$24,090,777$154,304,233
86$195,430,913$40,415,496$24,792,033$169,395,760
87$215,255,750$42,286,739$25,513,450$186,000,130
88$237,099,282$44,246,235$26,255,597$204,270,517
89$261,167,310$46,298,202$27,019,060$224,375,667
90$287,686,619$48,447,057$27,804,442$246,501,484
91$316,907,125$50,697,434$28,612,362$270,852,780
92$349,104,232$53,054,189$29,443,456$297,655,199
93$384,581,430$55,522,410$30,298,378$327,157,342
94$423,673,163$58,107,435$31,177,800$359,633,100
95$466,747,981$60,814,855$32,082,412$395,384,237
96$514,212,025$63,650,533$33,012,924$434,743,227
97$566,512,859$66,620,616$33,970,063$478,076,383
98$624,143,690$69,731,546$34,954,580$525,787,305
99$687,648,031$72,990,077$35,967,244$578,320,683
100$757,624,829$76,403,289$37,008,845$636,166,478