Can I retire at age 56 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$842,306$834,804$827,484$820,339$813,362$794,668
2 years$416,983$409,217$401,691$394,394$387,315$368,584
3 years$275,228$267,428$259,921$252,692$245,729$227,546
4 years$204,364$196,588$189,156$182,050$175,256$157,762
5 years$161,856$154,127$146,793$139,832$133,227$116,470
6 years$133,527$125,857$118,630$111,825$105,418$89,416
7 years$113,300$105,694$98,582$91,937$85,733$70,488
8 years$98,137$90,599$83,606$77,124$71,124$56,631
9 years$86,349$78,883$72,009$65,692$59,896$46,144
10 years$76,925$69,532$62,779$56,628$51,035$38,008
11 years$69,219$61,900$55,270$49,283$43,892$31,572
12 years$62,802$55,558$49,051$43,228$38,036$26,404
13 years$57,377$50,208$43,824$38,164$33,168$22,203
14 years$52,730$45,638$39,376$33,877$29,075$18,753
15 years$48,707$41,691$35,551$30,213$25,600$15,898
16 years$45,190$38,251$32,232$27,052$22,625$13,519
17 years$42,090$35,227$29,330$24,306$20,061$11,525
18 years$39,337$32,552$26,775$21,905$17,837$9,846
19 years$36,878$30,169$24,511$19,793$15,899$8,427
20 years$34,667$28,034$22,495$17,926$14,201$7,224
21 years$32,669$26,113$20,691$16,269$12,708$6,200
22 years$30,855$24,375$19,070$14,792$11,391$5,327
23 years$29,201$22,798$17,608$13,472$10,225$4,582
24 years$27,688$21,360$16,284$12,287$9,191$3,944
25 years$26,297$20,045$15,082$11,221$8,270$3,397
26 years$25,016$18,839$13,988$10,260$7,450$2,928
27 years$23,831$17,730$12,989$9,391$6,716$2,525
28 years$22,734$16,707$12,075$8,604$6,060$2,178
29 years$21,713$15,761$11,237$7,890$5,472$1,880
30 years$20,763$14,885$10,467$7,241$4,945$1,623
31 years$19,875$14,071$9,758$6,651$4,470$1,401
32 years$19,045$13,314$9,104$6,112$4,044$1,210
33 years$18,267$12,609$8,501$5,621$3,660$1,046
34 years$17,536$11,950$7,943$5,172$3,313$903
35 years$16,848$11,334$7,426$4,761$3,001$781
36 years$16,200$10,758$6,947$4,384$2,719$675
37 years$15,588$10,218$6,502$4,040$2,464$583
38 years$15,010$9,710$6,089$3,723$2,234$504
39 years$14,463$9,234$5,704$3,433$2,026$436
40 years$13,945$8,785$5,347$3,167$1,838$377
41 years$13,453$8,363$5,014$2,922$1,667$326
42 years$12,986$7,964$4,703$2,696$1,513$282
43 years$12,542$7,588$4,413$2,489$1,373$244
44 years$12,119$7,233$4,142$2,298$1,246$211
45 years$11,716$6,898$3,890$2,122$1,131$182
46 years$11,332$6,580$3,653$1,961$1,027$158
47 years$10,965$6,279$3,432$1,811$933$136
48 years$10,615$5,994$3,225$1,674$847$118
49 years$10,279$5,724$3,032$1,547$769$102
50 years$9,959$5,468$2,850$1,430$699$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,200,000, adding $6,660 every year, while hoping to spend $41,970 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: 53/22/25 Blend
55$10,200,000$10,200,000$10,200,000$10,200,000
56$11,247,270$10,706,670$10,548,570$11,764,949
57$12,349,836$11,186,641$10,857,291$12,603,220
58$13,563,456$11,688,724$11,174,948$13,510,096
59$14,899,416$12,213,958$11,501,795$14,496,145
60$16,370,146$12,763,432$11,838,095$15,568,948
61$17,989,347$13,338,286$12,184,118$16,736,840
62$19,772,114$13,939,716$12,540,139$18,008,985
63$21,735,081$14,568,973$12,906,445$19,395,460
64$23,896,576$15,227,369$13,283,328$20,907,348
65$26,276,795$15,916,279$13,671,088$22,556,842
66$28,897,995$16,637,143$14,070,036$24,357,350
67$31,784,697$17,391,470$14,480,489$26,323,628
68$34,963,924$18,180,841$14,902,774$28,471,907
69$38,465,455$19,006,912$15,337,227$30,820,048
70$42,322,100$19,871,420$15,784,193$33,387,706
71$46,570,018$20,776,183$16,244,027$36,196,510
72$51,249,053$21,723,108$16,717,094$39,270,266
73$56,403,108$22,714,193$17,203,770$42,635,175
74$62,080,568$23,751,531$17,704,438$46,320,078
75$68,334,744$24,837,315$18,219,496$50,356,722
76$75,224,389$25,973,844$18,749,349$54,780,057
77$82,814,241$27,163,527$19,294,417$59,628,559
78$91,175,643$28,408,889$19,855,129$64,944,589
79$100,387,210$29,712,576$20,431,928$70,774,790
80$110,535,574$31,077,360$21,025,265$77,170,515
81$121,716,200$32,506,148$21,635,609$84,188,315
82$134,034,289$34,001,986$22,263,439$91,890,460
83$147,605,768$35,568,066$22,909,246$100,345,522
84$162,558,388$37,207,732$23,573,537$109,629,019
85$179,032,925$38,924,493$24,256,833$119,824,116
86$197,184,513$40,722,023$24,959,666$131,022,406
87$217,184,106$42,604,174$25,682,587$143,324,768
88$239,220,090$44,574,984$26,426,159$156,842,310
89$263,500,065$46,638,684$27,190,961$171,697,408
90$290,252,803$48,799,711$27,977,590$188,024,857
91$319,730,405$51,062,713$28,786,656$205,973,131
92$352,210,686$53,432,565$29,618,788$225,705,775
93$387,999,790$55,914,375$30,474,631$247,402,945
94$427,435,086$58,513,497$31,354,849$271,263,090
95$470,888,351$61,235,545$32,260,123$297,504,823
96$518,769,278$64,086,402$33,191,152$326,368,967
97$571,529,345$67,072,235$34,148,656$358,120,823
98$629,666,075$70,199,512$35,133,372$393,052,656
99$693,727,734$73,475,007$36,146,060$431,486,449
100$764,318,508$76,905,828$37,187,498$473,776,921