Can I retire at age 56 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$743,212$736,591$730,133$723,828$717,673$713,748
2 years$367,927$361,074$354,433$347,994$341,749$337,789
3 years$242,848$235,966$229,342$222,963$216,820$212,947
4 years$180,321$173,460$166,902$160,633$154,638$150,882
5 years$142,814$135,995$129,523$123,381$117,553$113,925
6 years$117,818$111,050$104,674$98,669$93,016$89,520
7 years$99,971$93,260$86,984$81,121$75,647$72,286
8 years$86,591$79,941$73,770$68,051$62,756$59,530
9 years$76,191$69,603$63,538$57,964$52,850$49,757
10 years$67,875$61,351$55,394$49,966$45,031$42,071
11 years$61,076$54,618$48,768$43,485$38,728$35,898
12 years$55,414$49,022$43,280$38,142$33,561$30,859
13 years$50,626$44,301$38,668$33,674$29,266$26,689
14 years$46,527$40,269$34,743$29,892$25,654$23,200
15 years$42,977$36,786$31,369$26,658$22,588$20,253
16 years$39,873$33,751$28,440$23,870$19,963$17,745
17 years$37,138$31,083$25,879$21,447$17,701$15,595
18 years$34,710$28,722$23,625$19,328$15,739$13,742
19 years$32,539$26,619$21,627$17,464$14,028$12,136
20 years$30,588$24,736$19,848$15,817$12,530$10,740
21 years$28,825$23,041$18,257$14,355$11,213$9,521
22 years$27,225$21,508$16,826$13,052$10,051$8,453
23 years$25,766$20,116$15,536$11,887$9,022$7,515
24 years$24,430$18,847$14,368$10,841$8,110$6,689
25 years$23,203$17,687$13,308$9,901$7,297$5,959
26 years$22,073$16,623$12,342$9,053$6,573$5,315
27 years$21,028$15,644$11,461$8,286$5,926$4,743
28 years$20,059$14,741$10,654$7,592$5,347$4,236
29 years$19,159$13,907$9,915$6,962$4,829$3,786
30 years$18,320$13,133$9,235$6,390$4,363$3,386
31 years$17,537$12,416$8,610$5,868$3,944$3,029
32 years$16,804$11,748$8,033$5,393$3,568$2,711
33 years$16,118$11,125$7,501$4,959$3,229$2,428
34 years$15,473$10,544$7,008$4,563$2,924$2,174
35 years$14,866$10,001$6,552$4,201$2,648$1,948
36 years$14,294$9,492$6,129$3,869$2,399$1,746
37 years$13,754$9,016$5,737$3,564$2,175$1,565
38 years$13,244$8,568$5,372$3,285$1,971$1,404
39 years$12,762$8,147$5,033$3,029$1,788$1,259
40 years$12,304$7,752$4,718$2,794$1,622$1,129
41 years$11,870$7,379$4,424$2,578$1,471$1,013
42 years$11,458$7,027$4,150$2,379$1,335$909
43 years$11,066$6,696$3,894$2,196$1,211$816
44 years$10,693$6,382$3,655$2,028$1,100$732
45 years$10,338$6,086$3,432$1,873$998$657
46 years$9,999$5,806$3,223$1,730$906$590
47 years$9,675$5,541$3,028$1,598$823$530
48 years$9,366$5,289$2,846$1,477$747$476
49 years$9,070$5,051$2,675$1,365$679$427
50 years$8,787$4,825$2,515$1,262$617$384

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $9,000,000, adding $3,533 every year, while hoping to spend $54,963 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: 89/6/5 Blend
55$9,000,000$9,000,000$9,000,000$9,000,000
56$9,921,644$9,444,644$9,305,144$10,805,892
57$10,875,172$9,848,952$9,558,386$11,785,552
58$11,924,117$10,271,228$9,818,270$12,854,520
59$13,078,154$10,712,296$10,084,960$14,028,100
60$14,347,944$11,173,016$10,358,623$15,316,810
61$15,745,230$11,654,289$10,639,433$16,732,236
62$17,282,953$12,157,060$10,927,564$18,287,137
63$18,975,374$12,682,315$11,223,197$19,995,571
64$20,838,202$13,231,089$11,526,514$21,873,021
65$22,888,751$13,804,463$11,837,704$23,936,545
66$25,146,094$14,403,573$12,156,958$26,204,932
67$27,631,251$15,029,603$12,484,471$28,698,884
68$30,367,382$15,683,797$12,820,444$31,441,202
69$33,380,007$16,367,456$13,165,082$34,457,011
70$36,697,247$17,081,941$13,518,592$37,773,986
71$40,350,090$17,828,679$13,881,187$41,422,620
72$44,372,678$18,609,163$14,253,086$45,436,507
73$48,802,637$19,424,958$14,634,510$49,852,658
74$53,681,426$20,277,701$15,025,686$54,711,851
75$59,054,730$21,169,107$15,426,846$60,059,013
76$64,972,892$22,100,973$15,838,225$65,943,645
77$71,491,386$23,075,179$16,260,064$72,420,286
78$78,671,341$24,093,697$16,692,610$79,549,026
79$86,580,118$25,158,588$17,136,113$87,396,076
80$95,291,946$26,272,015$17,590,828$96,034,386
81$104,888,621$27,436,240$18,057,018$105,544,339
82$115,460,279$28,653,635$18,534,947$116,014,499
83$127,106,246$29,926,682$19,024,886$127,542,456
84$139,935,976$31,257,982$19,527,113$140,235,736
85$154,070,083$32,650,260$20,041,908$154,212,823
86$169,641,479$34,106,370$20,569,559$169,604,270
87$186,796,628$35,629,301$21,110,358$186,553,928
88$205,696,932$37,222,185$21,664,603$205,220,311
89$226,520,249$38,888,302$22,232,597$225,778,080
90$249,462,575$40,631,089$22,814,650$248,419,697
91$274,739,892$42,454,146$23,411,074$273,357,236
92$302,590,207$44,361,245$24,022,192$300,824,385
93$333,275,800$46,356,338$24,648,327$331,078,648
94$367,085,697$48,443,565$25,289,811$364,403,774
95$404,338,401$50,627,262$25,946,982$401,112,435
96$445,384,894$52,911,974$26,620,182$441,549,173
97$490,611,954$55,302,462$27,309,760$486,093,650
98$540,445,806$57,803,714$28,016,069$535,164,230
99$595,356,140$60,420,959$28,739,470$589,221,925
100$655,860,552$63,159,671$29,480,327$648,774,747