Can I retire at age 56 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$867,080$859,357$851,821$844,466$837,285$816,050
2 years$429,248$421,253$413,506$405,993$398,707$377,452
3 years$283,323$275,294$267,565$260,124$252,956$232,344
4 years$210,374$202,370$194,719$187,405$180,410$160,601
5 years$166,617$158,661$151,110$143,945$137,145$118,193
6 years$137,455$129,558$122,119$115,114$108,518$90,442
7 years$116,633$108,803$101,482$94,641$88,254$71,056
8 years$101,023$93,264$86,065$79,392$73,216$56,887
9 years$88,889$81,203$74,127$67,625$61,658$46,185
10 years$79,187$71,577$64,626$58,293$52,536$37,900
11 years$71,255$63,720$56,896$50,732$45,183$31,363
12 years$64,649$57,192$50,493$44,499$39,154$26,126
13 years$59,064$51,685$45,113$39,286$34,143$21,881
14 years$54,281$46,980$40,534$34,874$29,930$18,406
15 years$50,139$42,917$36,597$31,101$26,353$15,538
16 years$46,519$39,376$33,180$27,848$23,290$13,156
17 years$43,328$36,264$30,193$25,021$20,651$11,167
18 years$40,494$33,509$27,562$22,549$18,362$9,499
19 years$37,962$31,056$25,232$20,375$16,366$8,093
20 years$35,686$28,859$23,156$18,453$14,619$6,906
21 years$33,630$26,881$21,299$16,748$13,082$5,900
22 years$31,762$25,092$19,631$15,227$11,726$5,046
23 years$30,060$23,468$18,125$13,868$10,526$4,320
24 years$28,502$21,988$16,763$12,648$9,461$3,701
25 years$27,071$20,635$15,526$11,551$8,514$3,172
26 years$25,752$19,393$14,399$10,562$7,669$2,721
27 years$24,532$18,251$13,371$9,668$6,914$2,335
28 years$23,402$17,198$12,430$8,858$6,239$2,004
29 years$22,352$16,225$11,567$8,123$5,633$1,721
30 years$21,373$15,322$10,775$7,454$5,090$1,479
31 years$20,460$14,485$10,045$6,846$4,602$1,271
32 years$19,605$13,706$9,372$6,292$4,163$1,092
33 years$18,804$12,979$8,751$5,786$3,767$939
34 years$18,051$12,301$8,176$5,324$3,411$807
35 years$17,344$11,668$7,644$4,901$3,089$694
36 years$16,676$11,074$7,151$4,513$2,799$597
37 years$16,047$10,518$6,693$4,158$2,537$513
38 years$15,452$9,996$6,268$3,833$2,300$441
39 years$14,889$9,505$5,872$3,534$2,086$380
40 years$14,355$9,043$5,504$3,260$1,892$327
41 years$13,849$8,608$5,161$3,008$1,716$281
42 years$13,368$8,198$4,841$2,776$1,557$242
43 years$12,911$7,811$4,543$2,562$1,413$208
44 years$12,475$7,446$4,264$2,366$1,283$179
45 years$12,061$7,100$4,004$2,185$1,165$154
46 years$11,665$6,773$3,761$2,018$1,057$132
47 years$11,288$6,464$3,533$1,865$960$114
48 years$10,927$6,171$3,320$1,723$872$98
49 years$10,582$5,893$3,121$1,592$792$84
50 years$10,252$5,629$2,934$1,472$719$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,500,000, adding $3,089 every year, while hoping to spend $48,206 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: 51/37/12 Blend
55$10,500,000$10,500,000$10,500,000$10,500,000
56$11,574,186$11,017,686$10,854,936$12,127,212
57$12,703,462$11,506,262$11,167,286$12,994,297
58$13,946,309$12,017,162$11,488,483$13,931,052
59$15,314,260$12,551,430$11,818,775$14,948,319
60$16,820,022$13,110,158$12,158,412$16,053,696
61$18,477,599$13,694,491$12,507,653$17,255,529
62$20,302,420$14,305,627$12,866,765$18,562,987
63$22,311,486$14,944,821$13,236,021$19,986,148
64$24,523,530$15,613,391$13,615,700$21,536,085
65$26,959,196$16,312,712$14,006,092$23,224,971
66$29,641,229$17,044,230$14,407,491$25,066,186
67$32,594,693$17,809,456$14,820,201$27,074,442
68$35,847,207$18,609,975$15,244,533$29,265,915
69$39,429,206$19,447,447$15,680,808$31,658,393
70$43,374,224$20,323,612$16,129,355$34,271,441
71$47,719,216$21,240,290$16,590,509$37,126,575
72$52,504,903$22,199,391$17,064,618$40,247,467
73$57,776,158$23,202,916$17,552,037$43,660,156
74$63,582,426$24,252,959$18,053,131$47,393,291
75$69,978,197$25,351,717$18,568,275$51,478,394
76$77,023,513$26,501,491$19,097,852$55,950,152
77$84,784,539$27,704,692$19,642,257$60,846,735
78$93,334,185$28,963,845$20,201,895$66,210,151
79$102,752,796$30,281,597$20,777,183$72,086,635
80$113,128,909$31,660,723$21,368,546$78,527,076
81$124,560,088$33,104,129$21,976,423$85,587,490
82$137,153,846$34,614,861$22,601,263$93,329,539
83$151,028,660$36,196,110$23,243,526$101,821,106
84$166,315,086$37,851,222$23,903,687$111,136,924
85$183,156,994$39,583,702$24,582,231$121,359,270
86$201,712,927$41,397,223$25,279,655$132,578,738
87$222,157,594$43,295,635$25,996,472$144,895,074
88$244,683,520$45,282,973$26,733,205$158,418,114
89$269,502,865$47,363,464$27,490,393$173,268,803
90$296,849,424$49,541,541$28,268,588$189,580,329
91$326,980,837$51,821,848$29,068,357$207,499,361
92$360,181,015$54,209,251$29,890,280$227,187,428
93$396,762,828$56,708,854$30,734,954$248,822,420
94$437,071,052$59,326,003$31,602,990$272,600,262
95$481,485,624$62,066,302$32,495,015$298,736,738
96$530,425,233$64,935,626$33,411,673$327,469,521
97$584,351,265$67,940,131$34,353,623$359,060,391
98$643,772,167$71,086,270$35,321,542$393,797,693
99$709,248,239$74,380,808$36,316,125$431,999,039
100$781,396,926$77,830,834$37,338,082$474,014,287