Can I retire at age 56 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$891,854$883,910$876,159$868,594$861,207$842,785
2 years$441,512$433,289$425,320$417,593$410,099$391,629
3 years$291,417$283,159$275,210$267,556$260,183$242,242
4 years$216,385$208,152$200,283$192,759$185,565$168,290
5 years$171,377$163,194$155,427$148,057$141,064$124,504
6 years$141,382$133,260$125,608$118,403$111,619$95,792
7 years$119,965$111,911$104,381$97,345$90,776$75,686
8 years$103,910$95,929$88,524$81,661$75,307$60,948
9 years$91,429$83,523$76,245$69,557$63,420$49,781
10 years$81,450$73,622$66,472$59,959$54,037$41,105
11 years$73,291$65,541$58,521$52,182$46,473$34,232
12 years$66,496$58,826$51,936$45,771$40,273$28,704
13 years$60,752$53,162$46,401$40,409$35,119$24,201
14 years$55,832$48,322$41,692$35,870$30,785$20,497
15 years$51,572$44,143$37,642$31,990$27,105$17,424
16 years$47,848$40,501$34,128$28,644$23,956$14,859
17 years$44,566$37,300$31,055$25,736$21,241$12,704
18 years$41,651$34,467$28,349$23,193$18,886$10,885
19 years$39,047$31,943$25,953$20,957$16,834$9,344
20 years$36,706$29,683$23,818$18,981$15,036$8,034
21 years$34,590$27,649$21,908$17,226$13,456$6,917
22 years$32,670$25,809$20,192$15,663$12,061$5,962
23 years$30,919$24,139$18,643$14,264$10,827$5,143
24 years$29,316$22,616$17,242$13,010$9,731$4,441
25 years$27,844$21,224$15,970$11,881$8,757$3,838
26 years$26,487$19,948$14,811$10,864$7,888$3,318
27 years$25,233$18,773$13,753$9,944$7,112$2,871
28 years$24,071$17,690$12,785$9,111$6,417$2,484
29 years$22,991$16,688$11,898$8,355$5,794$2,151
30 years$21,984$15,760$11,082$7,667$5,235$1,863
31 years$21,044$14,899$10,332$7,042$4,733$1,614
32 years$20,165$14,097$9,640$6,472$4,282$1,399
33 years$19,341$13,350$9,001$5,951$3,875$1,213
34 years$18,567$12,653$8,410$5,476$3,508$1,051
35 years$17,839$12,001$7,863$5,041$3,178$912
36 years$17,153$11,391$7,355$4,642$2,879$791
37 years$16,505$10,819$6,884$4,277$2,609$686
38 years$15,893$10,282$6,447$3,942$2,366$595
39 years$15,314$9,777$6,040$3,635$2,145$516
40 years$14,765$9,302$5,661$3,353$1,946$448
41 years$14,245$8,854$5,309$3,093$1,765$388
42 years$13,750$8,433$4,980$2,855$1,602$337
43 years$13,280$8,035$4,673$2,635$1,454$292
44 years$12,832$7,659$4,386$2,433$1,320$254
45 years$12,405$7,303$4,118$2,247$1,198$220
46 years$11,998$6,967$3,868$2,076$1,088$191
47 years$11,610$6,649$3,634$1,918$988$166
48 years$11,239$6,347$3,415$1,772$897$144
49 years$10,884$6,061$3,210$1,638$815$125
50 years$10,545$5,790$3,018$1,514$740$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,800,000, adding $6,185 every year, while hoping to spend $59,501 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: 55/27/18 Blend
55$10,800,000$10,800,000$10,800,000$10,800,000
56$11,907,980$11,335,580$11,168,180$12,505,139
57$13,059,285$11,827,715$11,479,005$13,405,407
58$14,326,029$12,341,970$11,798,249$14,378,372
59$15,719,925$12,879,366$12,126,131$15,436,570
60$17,253,875$13,440,974$12,462,874$16,588,165
61$18,942,100$14,027,911$12,808,710$17,842,138
62$20,800,266$14,641,351$13,163,874$19,208,358
63$22,845,637$15,282,520$13,528,607$20,697,682
64$25,097,233$15,952,705$13,903,157$22,322,049
65$27,576,014$16,653,251$14,287,776$24,094,592
66$30,305,075$17,385,568$14,682,724$26,029,755
67$33,309,864$18,151,132$15,088,266$28,143,430
68$36,618,422$18,951,489$15,504,675$30,453,101
69$40,261,648$19,788,259$15,932,229$32,978,008
70$44,273,590$20,663,138$16,371,212$35,739,320
71$48,691,765$21,577,900$16,821,917$38,760,334
72$53,557,516$22,534,408$17,284,642$42,066,690
73$58,916,398$23,534,609$17,759,692$45,686,608
74$64,818,610$24,580,545$18,247,381$49,651,150
75$71,319,469$25,674,352$18,748,030$53,994,510
76$78,479,930$26,818,271$19,261,964$58,754,328
77$86,367,164$28,014,647$19,789,521$63,972,042
78$95,055,187$29,265,937$20,331,042$69,693,275
79$104,625,564$30,574,716$20,886,880$75,968,256
80$115,168,174$31,943,679$21,457,393$82,852,293
81$126,782,060$33,375,652$22,042,948$90,406,285
82$139,576,364$34,873,594$22,643,921$98,697,290
83$153,671,358$36,440,604$23,260,697$107,799,156
84$169,199,574$38,079,932$23,893,668$117,793,202
85$186,307,062$39,794,979$24,543,237$128,768,990
86$205,154,760$41,589,311$25,209,813$140,825,150
87$225,920,022$43,466,663$25,893,818$154,070,312
88$248,798,283$45,430,949$26,595,680$168,624,120
89$274,004,912$47,486,270$27,315,840$184,618,350
90$301,777,237$49,636,921$28,054,744$202,198,149
91$332,376,789$51,887,404$28,812,852$221,523,391
92$366,091,772$54,242,437$29,590,632$242,770,180
93$403,239,778$56,706,961$30,388,564$266,132,497
94$444,170,789$59,286,157$31,207,135$291,824,027
95$489,270,482$61,985,450$32,046,846$320,080,156
96$538,963,862$64,810,529$32,908,207$351,160,189
97$593,719,283$67,767,352$33,791,739$385,349,778
98$654,052,862$70,862,164$34,697,974$422,963,610
99$720,533,353$74,101,509$35,627,455$464,348,363
100$793,787,518$77,492,246$36,580,738$509,885,963