Can I retire at age 56 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$767,985$761,144$754,470$747,956$741,595$735,996
2 years$380,191$373,110$366,248$359,594$353,141$347,496
3 years$250,943$243,832$236,987$230,396$224,047$218,531
4 years$186,331$179,242$172,466$165,987$159,792$154,448
5 years$147,575$140,528$133,840$127,494$121,471$116,314
6 years$121,745$114,752$108,163$101,958$96,116$91,153
7 years$103,303$96,368$89,884$83,825$78,168$73,401
8 years$89,478$82,605$76,229$70,319$64,848$60,277
9 years$78,730$71,923$65,656$59,896$54,611$50,235
10 years$70,137$63,396$57,240$51,631$46,532$42,348
11 years$63,111$56,438$50,393$44,934$40,019$36,024
12 years$57,261$50,656$44,723$39,414$34,679$30,870
13 years$52,314$45,778$39,957$34,796$30,241$26,614
14 years$48,077$41,611$35,901$30,888$26,509$23,059
15 years$44,409$38,012$32,414$27,547$23,341$20,063
16 years$41,203$34,876$29,388$24,665$20,629$17,518
17 years$38,376$32,119$26,742$22,162$18,291$15,343
18 years$35,867$29,680$24,412$19,972$16,263$13,472
19 years$33,624$27,507$22,348$18,046$14,496$11,856
20 years$31,608$25,561$20,510$16,344$12,948$10,454
21 years$29,786$23,809$18,865$14,834$11,587$9,233
22 years$28,132$22,225$17,387$13,487$10,386$8,167
23 years$26,625$20,786$16,054$12,283$9,323$7,233
24 years$25,245$19,475$14,847$11,203$8,380$6,414
25 years$23,977$18,277$13,752$10,231$7,541$5,692
26 years$22,809$17,177$12,754$9,355$6,792$5,056
27 years$21,729$16,166$11,843$8,563$6,124$4,495
28 years$20,728$15,233$11,010$7,845$5,526$3,999
29 years$19,797$14,370$10,245$7,194$4,990$3,560
30 years$18,931$13,571$9,543$6,603$4,508$3,170
31 years$18,122$12,829$8,897$6,064$4,076$2,825
32 years$17,365$12,139$8,301$5,573$3,687$2,518
33 years$16,655$11,496$7,751$5,125$3,337$2,245
34 years$15,988$10,896$7,242$4,715$3,021$2,003
35 years$15,361$10,334$6,771$4,341$2,736$1,787
36 years$14,771$9,809$6,334$3,998$2,479$1,595
37 years$14,213$9,316$5,928$3,683$2,247$1,424
38 years$13,686$8,854$5,551$3,395$2,037$1,271
39 years$13,187$8,419$5,201$3,130$1,847$1,135
40 years$12,715$8,010$4,875$2,887$1,676$1,014
41 years$12,266$7,625$4,571$2,664$1,520$906
42 years$11,840$7,261$4,288$2,458$1,379$810
43 years$11,435$6,919$4,024$2,269$1,252$723
44 years$11,050$6,595$3,777$2,095$1,136$646
45 years$10,682$6,289$3,546$1,935$1,032$578
46 years$10,332$5,999$3,331$1,788$937$516
47 years$9,998$5,725$3,129$1,651$850$462
48 years$9,678$5,466$2,941$1,526$772$413
49 years$9,372$5,219$2,764$1,410$701$369
50 years$9,080$4,986$2,599$1,304$637$330

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $9,300,000, adding $2,963 every year, while hoping to spend $44,862 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: 71/7/22 Blend
55$9,300,000$9,300,000$9,300,000$9,300,000
56$10,251,656$9,758,756$9,614,606$10,923,505
57$11,249,592$10,189,203$9,888,963$11,802,525
58$12,347,814$10,639,237$10,171,007$12,759,095
59$13,556,504$11,109,772$10,460,948$13,805,403
60$14,886,880$11,601,764$10,759,003$14,950,345
61$16,351,305$12,116,213$11,065,392$16,203,717
62$17,963,399$12,654,168$11,380,343$17,576,305
63$19,738,170$13,216,727$11,704,089$19,079,987
64$21,692,157$13,805,040$12,036,870$20,727,840
65$23,843,582$14,420,313$12,378,930$22,534,267
66$26,212,526$15,063,806$12,730,523$24,515,130
67$28,821,114$15,736,844$13,091,906$26,687,896
68$31,693,728$16,440,809$13,463,345$29,071,804
69$34,857,234$17,177,154$13,845,113$31,688,042
70$38,341,236$17,947,399$14,237,488$34,559,950
71$42,178,356$18,753,135$14,640,758$37,713,233
72$46,404,541$19,596,032$15,055,216$41,176,207
73$51,059,403$20,477,836$15,481,164$44,980,062
74$56,186,590$21,400,378$15,918,912$49,159,155
75$61,834,204$22,365,578$16,368,777$53,751,333
76$68,055,246$23,375,445$16,831,084$58,798,289
77$74,908,125$24,432,085$17,306,169$64,345,953
78$82,457,201$25,537,705$17,794,373$70,444,922
79$90,773,399$26,694,616$18,296,048$77,150,940
80$99,934,874$27,905,240$18,811,554$84,525,416
81$110,027,751$29,172,118$19,341,261$92,636,006
82$121,146,937$30,497,906$19,885,549$101,557,250
83$133,397,015$31,885,394$20,444,805$111,371,269
84$146,893,233$33,337,501$21,019,429$122,168,541
85$161,762,592$34,857,287$21,609,828$134,048,751
86$178,145,042$36,447,960$22,216,423$147,121,730
87$196,194,806$38,112,880$22,839,643$161,508,491
88$216,081,834$39,855,568$23,479,928$177,342,363
89$237,993,405$41,679,716$24,137,731$194,770,254
90$262,135,901$43,589,190$24,813,513$213,954,029
91$288,736,747$45,588,045$25,507,750$235,072,035
92$318,046,563$47,680,527$26,220,928$258,320,787
93$350,341,529$49,871,089$26,953,545$283,916,813
94$385,925,989$52,164,396$27,706,112$312,098,697
95$425,135,327$54,565,339$28,479,154$343,129,329
96$468,339,131$57,079,042$29,273,207$377,298,381
97$515,944,683$59,710,876$30,088,821$414,925,038
98$568,400,804$62,466,471$30,926,558$456,361,008
99$626,202,085$65,351,728$31,786,998$501,993,836
100$689,893,566$68,372,831$32,670,731$552,250,559