Can I retire at age 56 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$644,117$638,379$632,782$627,318$621,983$597,305
2 years$318,870$312,931$307,176$301,595$296,182$271,626
3 years$210,468$204,504$198,763$193,235$187,910$164,248
4 years$156,278$150,332$144,648$139,215$134,019$111,432
5 years$123,772$117,862$112,253$106,930$101,879$80,424
6 years$102,109$96,243$90,717$85,513$80,614$60,304
7 years$86,641$80,825$75,386$70,305$65,560$46,389
8 years$75,046$69,282$63,934$58,977$54,389$36,336
9 years$66,032$60,322$55,066$50,235$45,803$28,842
10 years$58,825$53,171$48,008$43,303$39,027$23,124
11 years$52,932$47,335$42,265$37,687$33,564$18,683
12 years$48,025$42,486$37,509$33,057$29,086$15,186
13 years$43,876$38,395$33,512$29,184$25,364$12,402
14 years$40,323$34,900$30,111$25,906$22,234$10,168
15 years$37,246$31,881$27,186$23,104$19,576$8,362
16 years$34,557$29,251$24,648$20,687$17,301$6,893
17 years$32,186$26,939$22,429$18,587$15,341$5,694
18 years$30,082$24,893$20,475$16,751$13,640$4,712
19 years$28,201$23,070$18,744$15,136$12,158$3,904
20 years$26,510$21,438$17,202$13,708$10,860$3,238
21 years$24,982$19,969$15,822$12,441$9,718$2,689
22 years$23,595$18,640$14,583$11,312$8,711$2,234
23 years$22,330$17,434$13,465$10,302$7,819$1,858
24 years$21,173$16,334$12,453$9,396$7,028$1,545
25 years$20,110$15,329$11,534$8,581$6,324$1,286
26 years$19,130$14,407$10,697$7,846$5,697$1,071
27 years$18,224$13,558$9,933$7,182$5,136$892
28 years$17,384$12,776$9,234$6,580$4,634$743
29 years$16,604$12,053$8,593$6,034$4,185$619
30 years$15,877$11,382$8,004$5,538$3,781$516
31 years$15,199$10,760$7,462$5,086$3,419$430
32 years$14,564$10,181$6,962$4,674$3,092$358
33 years$13,969$9,642$6,501$4,298$2,799$299
34 years$13,410$9,138$6,074$3,955$2,534$249
35 years$12,884$8,667$5,678$3,640$2,295$208
36 years$12,388$8,227$5,312$3,353$2,079$173
37 years$11,921$7,813$4,972$3,089$1,885$144
38 years$11,479$7,426$4,656$2,847$1,709$120
39 years$11,060$7,061$4,362$2,625$1,549$100
40 years$10,664$6,718$4,089$2,422$1,405$84
41 years$10,288$6,395$3,834$2,234$1,275$70
42 years$9,931$6,090$3,596$2,062$1,157$58
43 years$9,591$5,803$3,375$1,903$1,050$49
44 years$9,268$5,531$3,168$1,757$953$40
45 years$8,959$5,275$2,974$1,623$865$34
46 years$8,666$5,032$2,794$1,499$786$28
47 years$8,385$4,802$2,625$1,385$713$23
48 years$8,117$4,584$2,466$1,280$648$20
49 years$7,861$4,377$2,318$1,183$588$16
50 years$7,616$4,182$2,179$1,093$534$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $7,800,000, adding $4,764 every year, while hoping to spend $21,632 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: 58/16/26 Blend
55$7,800,000$7,800,000$7,800,000$7,800,000
56$8,600,514$8,187,114$8,066,214$9,038,330
57$9,454,750$8,565,266$8,313,416$9,716,333
58$10,395,393$8,961,223$8,568,174$10,452,523
59$11,431,234$9,375,834$8,830,719$11,254,784
60$12,571,960$9,809,989$9,101,287$12,129,522
61$13,828,243$10,264,622$9,380,124$13,083,780
62$15,211,847$10,740,712$9,667,481$14,125,309
63$16,735,732$11,239,283$9,963,618$15,262,635
64$18,414,180$11,761,411$10,268,803$16,505,137
65$20,262,928$12,308,222$10,583,310$17,863,140
66$22,299,320$12,880,898$10,907,424$19,348,001
67$24,542,465$13,480,677$11,241,437$20,972,222
68$27,013,423$14,108,856$11,585,651$22,749,561
69$29,735,398$14,766,796$11,940,377$24,695,163
70$32,733,963$15,455,924$12,305,933$26,825,697
71$36,037,296$16,177,733$12,682,651$29,159,514
72$39,676,451$16,933,792$13,070,870$31,716,816
73$43,685,644$17,725,743$13,470,940$34,519,844
74$48,102,585$18,555,310$13,883,221$37,593,084
75$52,968,825$19,424,296$14,308,085$40,963,499
76$58,330,154$20,334,596$14,745,916$44,660,776
77$64,237,032$21,288,194$15,197,106$48,717,606
78$70,745,064$22,287,169$15,662,063$53,169,989
79$77,915,524$23,333,704$16,141,206$58,057,566
80$85,815,936$24,430,085$16,634,966$63,423,997
81$94,520,712$25,578,709$17,143,787$69,317,364
82$104,111,848$26,782,089$17,668,127$75,790,621
83$114,679,705$28,042,861$18,208,459$82,902,092
84$126,323,861$29,363,786$18,765,268$90,716,018
85$139,154,045$30,747,762$19,339,054$99,303,154
86$153,291,180$32,197,825$19,930,335$108,741,437
87$168,868,521$33,717,159$20,539,642$119,116,717
88$186,032,912$35,309,102$21,167,522$130,523,558
89$204,946,175$36,977,154$21,814,540$143,066,129
90$225,786,635$38,724,984$22,481,277$156,859,180
91$248,750,804$40,556,441$23,168,332$172,029,121
92$274,055,237$42,475,557$23,876,322$188,715,209
93$301,938,576$44,486,564$24,605,884$207,070,854
94$332,663,800$46,593,896$25,357,671$227,265,064
95$366,520,714$48,802,203$26,132,359$249,484,030
96$403,828,677$51,116,361$26,930,643$273,932,882
97$444,939,622$53,541,483$27,753,240$300,837,609
98$490,241,377$56,082,929$28,600,886$330,447,196
99$540,161,325$58,746,319$29,474,343$363,035,956
100$595,170,440$61,537,549$30,374,394$398,906,117