Can I retire at age 56 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$900,112$892,094$884,272$876,637$869,181$859,747
2 years$445,600$437,301$429,258$421,460$413,896$404,396
3 years$294,116$285,781$277,758$270,033$262,593$253,323
4 years$218,389$210,079$202,137$194,544$187,283$178,315
5 years$172,964$164,705$156,867$149,428$142,370$133,729
6 years$142,691$134,494$126,772$119,499$112,652$104,350
7 years$121,076$112,948$105,348$98,247$91,616$83,656
8 years$104,872$96,817$89,343$82,417$76,005$68,385
9 years$92,275$84,297$76,951$70,201$64,007$56,726
10 years$82,204$74,303$67,088$60,514$54,537$47,590
11 years$73,969$66,148$59,063$52,665$46,904$40,284
12 years$67,112$59,371$52,417$46,194$40,646$34,347
13 years$61,314$53,654$46,831$40,783$35,444$29,458
14 years$56,349$48,770$42,078$36,202$31,070$25,389
15 years$52,049$44,552$37,991$32,286$27,356$21,972
16 years$48,291$40,876$34,444$28,909$24,178$19,080
17 years$44,978$37,645$31,343$25,974$21,438$16,618
18 years$42,037$34,786$28,612$23,408$19,061$14,509
19 years$39,408$32,239$26,193$21,151$16,990$12,695
20 years$37,046$29,958$24,039$19,156$15,176$11,129
21 years$34,911$27,905$22,111$17,386$13,580$9,771
22 years$32,972$26,048$20,379$15,808$12,173$8,591
23 years$31,205$24,362$18,816$14,396$10,927$7,562
24 years$29,588$22,826$17,402$13,130$9,822$6,664
25 years$28,102$21,421$16,117$11,991$8,838$5,878
26 years$26,733$20,132$14,948$10,964$7,961$5,189
27 years$25,467$18,947$13,881$10,036$7,177$4,584
28 years$24,294$17,853$12,904$9,195$6,476$4,051
29 years$23,203$16,843$12,008$8,432$5,848$3,583
30 years$22,188$15,906$11,185$7,738$5,284$3,170
31 years$21,239$15,037$10,428$7,107$4,777$2,806
32 years$20,352$14,228$9,729$6,532$4,321$2,485
33 years$19,520$13,474$9,084$6,006$3,911$2,201
34 years$18,739$12,770$8,488$5,526$3,541$1,951
35 years$18,004$12,112$7,935$5,087$3,207$1,729
36 years$17,312$11,496$7,423$4,685$2,906$1,533
37 years$16,658$10,919$6,948$4,317$2,634$1,359
38 years$16,041$10,377$6,507$3,979$2,388$1,205
39 years$15,456$9,867$6,096$3,669$2,165$1,069
40 years$14,902$9,388$5,714$3,384$1,964$948
41 years$14,376$8,936$5,358$3,122$1,782$841
42 years$13,877$8,511$5,026$2,881$1,617$747
43 years$13,403$8,109$4,716$2,660$1,467$663
44 years$12,951$7,730$4,427$2,456$1,332$588
45 years$12,520$7,371$4,157$2,268$1,209$522
46 years$12,110$7,032$3,904$2,095$1,098$463
47 years$11,718$6,710$3,668$1,936$997$411
48 years$11,343$6,406$3,447$1,789$905$365
49 years$10,985$6,117$3,240$1,653$822$324
50 years$10,642$5,843$3,046$1,528$747$288

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $10,900,000, adding $3,609 every year, while hoping to spend $34,356 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: 59/21/20 Blend
55$10,900,000$10,900,000$10,900,000$10,900,000
56$12,015,523$11,437,823$11,268,873$12,660,879
57$13,204,551$11,961,721$11,609,825$13,622,955
58$14,513,710$12,510,140$11,961,049$14,667,641
59$15,955,214$13,084,243$12,322,850$15,806,224
60$17,542,527$13,685,252$12,695,547$17,047,790
61$19,290,483$14,314,447$13,079,465$18,402,334
62$21,215,426$14,973,168$13,474,941$19,880,849
63$23,335,368$15,662,823$13,882,320$21,495,426
64$25,670,158$16,384,883$14,301,960$23,259,369
65$28,241,666$17,140,894$14,734,228$25,187,314
66$31,073,992$17,932,474$15,179,500$27,295,364
67$34,193,692$18,761,319$15,638,167$29,601,242
68$37,630,032$19,629,207$16,110,629$32,124,447
69$41,415,260$20,538,002$16,597,299$34,886,444
70$45,584,909$21,489,657$17,098,602$37,910,856
71$50,178,140$22,486,221$17,614,975$41,223,683
72$55,238,103$23,529,838$18,146,869$44,853,547
73$60,812,348$24,622,759$18,694,748$48,831,958
74$66,953,275$25,767,341$19,259,090$53,193,601
75$73,718,626$26,966,058$19,840,386$57,976,667
76$81,172,030$28,221,499$20,439,143$63,223,201
77$89,383,606$29,536,381$21,055,883$68,979,499
78$98,430,621$30,913,552$21,691,143$75,296,537
79$108,398,224$32,355,995$22,345,475$82,230,450
80$119,380,244$33,866,839$23,019,449$89,843,050
81$131,480,079$35,449,365$23,713,652$98,202,409
82$144,811,675$37,107,012$24,428,687$107,383,493
83$159,500,592$38,843,382$25,165,175$117,468,864
84$175,685,201$40,662,256$25,923,756$128,549,450
85$193,517,979$42,567,594$26,705,089$140,725,399
86$213,166,957$44,563,550$27,509,853$154,107,017
87$234,817,299$46,654,477$28,338,747$168,815,798
88$258,673,057$48,844,940$29,192,488$184,985,565
89$284,959,091$51,139,724$30,071,819$202,763,727
90$313,923,194$53,543,846$30,977,500$222,312,655
91$345,838,431$56,062,565$31,910,317$243,811,213
92$381,005,717$58,701,397$32,871,079$267,456,432
93$419,756,656$61,466,122$33,860,616$293,465,360
94$462,456,675$64,362,801$34,879,787$322,077,101
95$509,508,468$67,397,791$35,929,472$353,555,064
96$561,355,802$70,577,753$37,010,580$388,189,431
97$618,487,704$73,909,673$38,124,045$426,299,891
98$681,443,080$77,400,877$39,270,830$468,238,642
99$750,815,797$81,059,043$40,451,925$514,393,702
100$827,260,295$84,892,222$41,668,351$565,192,559