Can I retire at age 56 with 9,100,000?

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 $9,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$751,469$744,776$738,245$731,871$725,647$699,066
2 years$372,015$365,086$358,371$351,861$345,546$319,063
3 years$245,546$238,588$231,890$225,441$219,229$193,675
4 years$182,324$175,387$168,757$162,417$156,356$131,927
5 years$144,401$137,506$130,962$124,752$118,859$95,619
6 years$119,127$112,284$105,837$99,765$94,049$72,014
7 years$101,082$94,296$87,951$82,023$76,487$55,652
8 years$87,554$80,829$74,589$68,807$63,453$43,799
9 years$77,037$70,376$64,244$58,608$53,437$34,937
10 years$68,629$62,033$56,009$50,521$45,531$28,153
11 years$61,754$55,224$49,310$43,968$39,158$22,865
12 years$56,029$49,566$43,761$38,566$33,934$18,685
13 years$51,189$44,794$39,098$34,048$29,591$15,344
14 years$47,043$40,716$35,129$30,224$25,939$12,650
15 years$43,454$37,195$31,717$26,954$22,839$10,463
16 years$40,316$34,126$28,756$24,135$20,185$8,676
17 years$37,551$31,428$26,167$21,685$17,897$7,209
18 years$35,095$29,041$23,887$19,542$15,914$6,001
19 years$32,901$26,915$21,867$17,658$14,184$5,003
20 years$30,928$25,011$20,069$15,993$12,670$4,175
21 years$29,146$23,297$18,459$14,515$11,338$3,488
22 years$27,527$21,747$17,013$13,197$10,163$2,917
23 years$26,052$20,339$15,709$12,019$9,123$2,440
24 years$24,702$19,056$14,528$10,962$8,200$2,043
25 years$23,461$17,884$13,456$10,011$7,378$1,711
26 years$22,318$16,808$12,480$9,154$6,646$1,434
27 years$21,261$15,818$11,588$8,379$5,992$1,202
28 years$20,282$14,905$10,773$7,677$5,407$1,008
29 years$19,372$14,061$10,025$7,040$4,882$845
30 years$18,524$13,279$9,338$6,461$4,411$709
31 years$17,732$12,553$8,706$5,933$3,988$595
32 years$16,991$11,878$8,122$5,453$3,608$499
33 years$16,297$11,249$7,584$5,015$3,265$419
34 years$15,645$10,661$7,086$4,614$2,956$351
35 years$15,031$10,112$6,625$4,247$2,677$295
36 years$14,453$9,598$6,197$3,912$2,426$247
37 years$13,907$9,116$5,801$3,604$2,199$208
38 years$13,392$8,663$5,432$3,322$1,993$174
39 years$12,904$8,238$5,089$3,063$1,808$146
40 years$12,441$7,838$4,770$2,825$1,640$123
41 years$12,002$7,461$4,473$2,607$1,487$103
42 years$11,586$7,105$4,196$2,406$1,350$87
43 years$11,189$6,770$3,937$2,221$1,225$73
44 years$10,812$6,453$3,696$2,050$1,112$61
45 years$10,453$6,154$3,470$1,894$1,009$51
46 years$10,110$5,870$3,259$1,749$916$43
47 years$9,783$5,602$3,062$1,616$832$36
48 years$9,470$5,348$2,877$1,493$756$30
49 years$9,171$5,107$2,705$1,380$686$25
50 years$8,885$4,878$2,543$1,276$623$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $9,100,000, adding $2,715 every year, while hoping to spend $43,091 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: 83/10/7 Blend
55$9,100,000$9,100,000$9,100,000$9,100,000
56$10,031,001$9,548,701$9,407,651$10,856,953
57$11,008,314$9,970,738$9,676,958$11,819,088
58$12,083,869$10,412,012$9,953,844$12,869,309
59$13,267,642$10,873,418$10,238,515$14,021,191
60$14,570,622$11,355,896$10,531,186$15,284,902
61$16,004,921$11,860,431$10,832,077$16,671,637
62$17,583,884$12,388,053$11,141,412$18,193,728
63$19,322,215$12,939,842$11,459,424$19,864,754
64$21,236,115$13,516,929$11,786,349$21,699,670
65$23,343,440$14,120,499$12,122,433$23,714,949
66$25,663,860$14,751,793$12,467,924$25,928,732
67$28,219,054$15,412,111$12,823,079$28,361,002
68$31,032,908$16,102,815$13,188,163$31,033,770
69$34,131,744$16,825,333$13,563,446$33,971,280
70$37,544,566$17,581,158$13,949,206$37,200,238
71$41,303,335$18,371,858$14,345,727$40,750,062
72$45,443,268$19,199,072$14,753,302$44,653,159
73$50,003,175$20,064,520$15,172,231$48,945,228
74$55,025,820$20,970,003$15,602,822$53,665,595
75$60,558,328$21,917,407$16,045,391$58,857,584
76$66,652,628$22,908,711$16,500,262$64,568,924
77$73,365,943$23,945,984$16,967,768$70,852,195
78$80,761,331$25,031,399$17,448,249$77,765,328
79$88,908,278$26,167,229$17,942,057$85,372,142
80$97,883,356$27,355,857$18,449,550$93,742,952
81$107,770,946$28,599,781$18,971,097$102,955,224
82$118,664,029$29,901,617$19,507,075$113,094,309
83$130,665,070$31,264,107$20,057,873$124,254,242
84$143,886,983$32,690,124$20,623,888$136,538,632
85$158,454,195$34,182,680$21,205,527$150,061,633
86$174,503,821$35,744,929$21,803,210$164,949,019
87$192,186,958$37,380,178$22,417,365$181,339,372
88$211,670,113$39,091,892$23,048,433$199,385,385
89$233,136,773$40,883,704$23,696,864$219,255,299
90$256,789,136$42,759,417$24,363,121$241,134,490
91$282,850,021$44,723,021$25,047,678$265,227,215
92$311,564,971$46,778,697$25,751,023$291,758,535
93$343,204,569$48,930,824$26,473,653$320,976,440
94$378,066,995$51,183,995$27,216,081$353,154,181
95$416,480,839$53,543,021$27,978,830$388,592,849
96$458,808,202$56,012,946$28,762,438$427,624,211
97$505,448,115$58,599,057$29,567,456$470,613,840
98$556,840,305$61,306,894$30,394,449$517,964,561
99$613,469,348$64,142,263$31,243,995$570,120,246
100$675,869,241$67,111,253$32,116,687$627,570,002