Can I retire at age 56 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$883,596$875,725$868,047$860,552$853,233$822,632
2 years$437,424$429,277$421,382$413,727$406,301$375,803
3 years$288,719$280,537$272,662$265,079$257,774$228,336
4 years$214,381$206,225$198,428$190,974$183,847$155,694
5 years$169,790$161,683$153,988$146,687$139,757$112,964
6 years$140,073$132,026$124,445$117,306$110,585$85,171
7 years$118,854$110,875$103,415$96,444$89,935$65,895
8 years$102,948$95,041$87,704$80,905$74,610$51,922
9 years$90,582$82,750$75,539$68,913$62,833$41,468
10 years$80,696$72,940$65,857$59,403$53,536$33,458
11 years$72,612$64,934$57,979$51,699$46,043$27,209
12 years$65,881$58,281$51,455$45,347$39,900$22,264
13 years$60,189$52,669$45,972$40,034$34,794$18,308
14 years$55,315$47,875$41,306$35,538$30,500$15,115
15 years$51,094$43,735$37,294$31,694$26,854$12,519
16 years$47,405$40,126$33,812$28,378$23,734$10,396
17 years$44,153$36,954$30,768$25,498$21,044$8,652
18 years$41,266$34,147$28,087$22,979$18,712$7,213
19 years$38,685$31,648$25,712$20,763$16,678$6,022
20 years$36,366$29,408$23,597$18,805$14,897$5,033
21 years$34,270$27,393$21,705$17,067$13,331$4,212
22 years$32,367$25,570$20,005$15,518$11,950$3,527
23 years$30,633$23,915$18,471$14,132$10,727$2,956
24 years$29,045$22,407$17,082$12,889$9,641$2,478
25 years$27,586$21,028$15,822$11,771$8,676$2,079
26 years$26,242$19,763$14,674$10,763$7,815$1,745
27 years$25,000$18,599$13,626$9,852$7,046$1,465
28 years$23,848$17,526$12,667$9,026$6,357$1,230
29 years$22,778$16,534$11,788$8,277$5,741$1,033
30 years$21,781$15,614$10,980$7,596$5,187$868
31 years$20,850$14,761$10,236$6,977$4,690$730
32 years$19,979$13,967$9,551$6,412$4,242$613
33 years$19,162$13,227$8,917$5,896$3,839$515
34 years$18,395$12,536$8,332$5,425$3,476$433
35 years$17,674$11,890$7,790$4,994$3,148$364
36 years$16,994$11,285$7,287$4,599$2,852$306
37 years$16,353$10,718$6,821$4,238$2,585$257
38 years$15,746$10,186$6,387$3,906$2,344$216
39 years$15,172$9,686$5,984$3,602$2,125$182
40 years$14,629$9,216$5,609$3,322$1,928$153
41 years$14,113$8,772$5,259$3,065$1,749$129
42 years$13,623$8,355$4,933$2,828$1,587$108
43 years$13,157$7,960$4,629$2,611$1,440$91
44 years$12,713$7,588$4,345$2,411$1,307$77
45 years$12,290$7,236$4,080$2,226$1,187$64
46 years$11,887$6,903$3,832$2,057$1,078$54
47 years$11,503$6,587$3,600$1,900$979$46
48 years$11,135$6,288$3,383$1,756$889$38
49 years$10,783$6,005$3,180$1,623$807$32
50 years$10,447$5,736$2,990$1,500$733$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,700,000, adding $6,843 every year, while hoping to spend $47,047 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: 64/22/14 Blend
55$10,700,000$10,700,000$10,700,000$10,700,000
56$11,798,459$11,231,359$11,065,509$12,513,688
57$12,951,844$11,731,637$11,386,145$13,493,607
58$14,221,297$12,254,853$11,715,947$14,557,521
59$15,618,609$12,802,080$12,055,170$15,718,520
60$17,156,768$13,374,443$12,404,080$16,986,062
61$18,850,089$13,973,122$12,762,947$18,370,555
62$20,714,344$14,599,351$13,132,052$19,883,447
63$22,766,911$15,254,423$13,511,680$21,537,337
64$25,026,941$15,939,695$13,902,126$23,346,085
65$27,515,535$16,656,586$14,303,693$25,324,945
66$30,255,945$17,406,584$14,716,692$27,490,706
67$33,273,792$18,191,247$15,141,442$29,861,843
68$36,597,309$19,012,208$15,578,270$32,458,693
69$40,257,607$19,871,179$16,027,515$35,303,642
70$44,288,968$20,769,951$16,489,521$38,421,331
71$48,729,168$21,710,404$16,964,645$41,838,889
72$53,619,833$22,694,504$17,453,251$45,586,181
73$59,006,836$23,724,315$17,955,715$49,696,091
74$64,940,723$24,801,996$18,472,422$54,204,821
75$71,477,196$25,929,813$19,003,766$59,152,238
76$78,677,632$27,110,136$19,550,155$64,582,236
77$86,609,671$28,345,453$20,112,006$70,543,155
78$95,347,846$29,638,369$20,689,746$77,088,224
79$104,974,290$30,991,613$21,283,817$84,276,064
80$115,579,512$32,408,046$21,894,669$92,171,236
81$127,263,249$33,890,667$22,522,766$100,844,840
82$140,135,407$35,442,616$23,168,586$110,375,187
83$154,317,102$37,067,188$23,832,617$120,848,526
84$169,941,798$38,767,832$24,515,361$132,359,858
85$187,156,570$40,548,164$25,217,335$145,013,820
86$206,123,491$42,411,975$25,939,066$158,925,671
87$227,021,162$44,363,237$26,681,100$174,222,370
88$250,046,397$46,406,112$27,443,994$191,043,769
89$275,416,082$48,544,964$28,228,320$209,543,922
90$303,369,222$50,784,366$29,034,668$229,892,535
91$334,169,193$53,129,111$29,863,640$252,276,558
92$368,106,235$55,584,222$30,715,856$276,901,938
93$405,500,187$58,154,965$31,591,953$303,995,560
94$446,703,506$60,846,858$32,492,583$333,807,373
95$492,104,596$63,665,686$33,418,417$366,612,743
96$542,131,473$66,617,513$34,370,143$402,715,040
97$597,255,806$69,708,694$35,348,465$442,448,493
98$657,997,369$72,945,891$36,354,110$486,181,330
99$724,928,948$76,336,087$37,387,820$534,319,245
100$798,681,747$79,886,602$38,450,358$587,309,214