Can I retire at age 56 with 10,600,000?

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 $10,600,000?

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$875,338$867,541$859,934$852,509$845,259$836,432
2 years$433,336$425,265$417,444$409,860$402,504$393,615
3 years$286,021$277,916$270,114$262,601$255,365$246,690
4 years$212,378$204,297$196,574$189,189$182,129$173,733
5 years$168,204$160,172$152,549$145,316$138,451$130,361
6 years$138,764$130,792$123,282$116,210$109,552$101,777
7 years$117,743$109,839$102,448$95,543$89,095$81,638
8 years$101,985$94,152$86,884$80,148$73,913$66,774
9 years$89,736$81,977$74,833$68,269$62,245$55,422
10 years$79,942$72,258$65,241$58,848$53,036$46,524
11 years$71,933$64,327$57,438$51,216$45,613$39,406
12 years$65,265$57,737$50,974$44,923$39,527$33,620
13 years$59,627$52,177$45,542$39,660$34,468$28,853
14 years$54,798$47,428$40,920$35,206$30,215$24,884
15 years$50,617$43,326$36,945$31,398$26,603$21,550
16 years$46,962$39,751$33,496$28,113$23,512$18,726
17 years$43,741$36,609$30,480$25,259$20,848$16,321
18 years$40,880$33,828$27,824$22,764$18,537$14,260
19 years$38,324$31,352$25,472$20,569$16,522$12,486
20 years$36,026$29,134$23,377$18,629$14,758$10,954
21 years$33,950$27,137$21,502$16,907$13,207$9,625
22 years$32,065$25,331$19,818$15,373$11,838$8,469
23 years$30,346$23,692$18,298$14,000$10,626$7,460
24 years$28,773$22,198$16,923$12,769$9,551$6,579
25 years$27,328$20,831$15,674$11,661$8,595$5,808
26 years$25,997$19,578$14,537$10,662$7,742$5,131
27 years$24,766$18,425$13,499$9,760$6,980$4,536
28 years$23,625$17,362$12,549$8,942$6,298$4,013
29 years$22,565$16,379$11,678$8,200$5,687$3,552
30 years$21,577$15,468$10,877$7,525$5,139$3,145
31 years$20,655$14,623$10,141$6,912$4,646$2,786
32 years$19,792$13,836$9,461$6,352$4,202$2,469
33 years$18,983$13,103$8,834$5,841$3,803$2,189
34 years$18,223$12,419$8,254$5,374$3,443$1,942
35 years$17,509$11,779$7,717$4,947$3,119$1,722
36 years$16,835$11,180$7,219$4,556$2,826$1,528
37 years$16,200$10,618$6,757$4,198$2,561$1,356
38 years$15,599$10,091$6,328$3,869$2,322$1,204
39 years$15,031$9,596$5,928$3,568$2,106$1,069
40 years$14,492$9,130$5,556$3,291$1,910$949
41 years$13,981$8,690$5,210$3,036$1,733$843
42 years$13,495$8,277$4,887$2,802$1,572$748
43 years$13,034$7,886$4,586$2,587$1,427$665
44 years$12,594$7,517$4,305$2,388$1,295$590
45 years$12,176$7,168$4,042$2,206$1,176$524
46 years$11,776$6,838$3,796$2,037$1,068$466
47 years$11,395$6,526$3,567$1,882$969$414
48 years$11,031$6,230$3,352$1,739$880$368
49 years$10,683$5,949$3,150$1,607$800$327
50 years$10,349$5,683$2,962$1,486$726$290

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,600,000, adding $4,212 every year, while hoping to spend $49,967 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: 59/19/22 Blend
55$10,600,000$10,600,000$10,600,000$10,600,000
56$11,685,545$11,123,745$10,959,445$12,306,296
57$12,824,306$11,615,644$11,273,422$13,220,545
58$14,077,546$12,129,971$11,596,242$14,211,416
59$15,456,889$12,667,773$11,928,150$15,291,025
60$16,975,143$13,230,145$12,269,394$16,467,976
61$18,646,421$13,818,236$12,620,232$17,751,731
62$20,486,274$14,433,247$12,980,928$19,152,701
63$22,511,836$15,076,439$13,351,751$20,682,340
64$24,741,988$15,749,129$13,732,980$22,353,249
65$27,197,535$16,452,700$14,124,898$24,179,296
66$29,901,401$17,188,601$14,527,800$26,175,741
67$32,878,848$17,958,346$14,941,986$28,359,379
68$36,157,711$18,763,525$15,367,763$30,748,695
69$39,768,662$19,605,803$15,805,448$33,364,035
70$43,745,501$20,486,922$16,255,365$36,227,796
71$48,125,471$21,408,710$16,717,849$39,364,634
72$52,949,613$22,373,081$17,193,240$42,801,691
73$58,263,150$23,382,038$17,681,890$46,568,852
74$64,115,917$24,437,684$18,184,160$50,699,017
75$70,562,830$25,542,220$18,700,418$55,228,416
76$77,664,400$26,697,951$19,231,044$60,196,937
77$85,487,312$27,907,294$19,776,427$65,648,508
78$94,105,048$29,172,780$20,336,967$71,631,500
79$103,598,580$30,497,064$20,913,073$78,199,184
80$114,057,139$31,882,924$21,505,164$85,410,224
81$125,579,053$33,333,273$22,113,674$93,329,231
82$138,272,678$34,851,164$22,739,043$102,027,364
83$152,257,415$36,439,796$23,381,725$111,582,997
84$167,664,845$38,102,520$24,042,187$122,082,455
85$184,639,964$39,842,848$24,720,905$133,620,820
86$203,342,555$41,664,462$25,418,369$146,302,825
87$223,948,693$43,571,218$26,135,082$160,243,835
88$246,652,410$45,567,158$26,871,558$175,570,928
89$271,667,527$47,656,520$27,628,326$192,424,090
90$299,229,668$49,843,742$28,405,928$210,957,529
91$329,598,486$52,133,478$29,204,919$231,341,119
92$363,060,117$54,530,604$30,025,869$253,762,003
93$399,929,876$57,040,231$30,869,363$278,426,342
94$440,555,236$59,667,714$31,735,999$305,561,262
95$485,319,106$62,418,668$32,626,391$335,416,982
96$534,643,449$65,298,977$33,541,169$368,269,169
97$588,993,262$68,314,808$34,480,979$404,421,532
98$648,880,965$71,472,624$35,446,482$444,208,674
99$714,871,241$74,779,200$36,438,357$487,999,248
100$787,586,364$78,241,638$37,457,299$536,199,415