Can I retire at age 56 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$776,243$769,329$762,583$755,999$749,569$742,050
2 years$384,279$377,122$370,186$363,461$356,938$349,364
3 years$253,641$246,453$239,535$232,873$226,456$219,063
4 years$188,335$181,169$174,320$167,772$161,510$154,355
5 years$149,162$142,039$135,279$128,865$122,778$115,881
6 years$123,055$115,985$109,326$103,054$97,150$90,521
7 years$104,414$97,404$90,850$84,727$79,009$72,650
8 years$90,440$83,494$77,048$71,075$65,545$59,456
9 years$79,577$72,696$66,362$60,540$55,199$49,377
10 years$70,892$64,078$57,856$52,186$47,032$41,475
11 years$63,790$57,045$50,935$45,418$40,449$35,151
12 years$57,876$51,201$45,204$39,837$35,052$30,009
13 years$52,876$46,270$40,386$35,170$30,566$25,771
14 years$48,594$42,058$36,287$31,220$26,794$22,241
15 years$44,887$38,421$32,763$27,843$23,592$19,273
16 years$41,646$35,251$29,704$24,930$20,850$16,760
17 years$38,789$32,465$27,030$22,400$18,487$14,617
18 years$36,252$29,999$24,675$20,187$16,438$12,780
19 years$33,985$27,802$22,588$18,240$14,652$11,199
20 years$31,948$25,835$20,730$16,520$13,087$9,831
21 years$30,106$24,065$19,068$14,993$11,712$8,645
22 years$28,435$22,463$17,574$13,632$10,498$7,612
23 years$26,911$21,010$16,227$12,415$9,423$6,711
24 years$25,516$19,685$15,007$11,323$8,470$5,923
25 years$24,235$18,473$13,899$10,341$7,622$5,233
26 years$23,054$17,362$12,891$9,455$6,865$4,626
27 years$21,962$16,339$11,970$8,655$6,190$4,093
28 years$20,951$15,397$11,128$7,930$5,585$3,624
29 years$20,010$14,525$10,356$7,272$5,043$3,210
30 years$19,134$13,717$9,646$6,674$4,557$2,845
31 years$18,317$12,967$8,993$6,129$4,120$2,523
32 years$17,551$12,270$8,390$5,633$3,727$2,238
33 years$16,834$11,620$7,834$5,180$3,373$1,985
34 years$16,160$11,013$7,320$4,766$3,054$1,762
35 years$15,527$10,445$6,843$4,387$2,766$1,564
36 years$14,929$9,914$6,402$4,041$2,506$1,389
37 years$14,366$9,416$5,992$3,723$2,271$1,234
38 years$13,833$8,949$5,611$3,431$2,059$1,096
39 years$13,329$8,509$5,257$3,164$1,867$974
40 years$12,851$8,096$4,927$2,918$1,694$866
41 years$12,398$7,707$4,620$2,692$1,536$769
42 years$11,968$7,340$4,334$2,485$1,394$684
43 years$11,558$6,993$4,067$2,294$1,265$608
44 years$11,169$6,666$3,818$2,118$1,149$540
45 years$10,797$6,357$3,585$1,956$1,043$480
46 years$10,443$6,064$3,367$1,807$947$427
47 years$10,105$5,787$3,163$1,669$860$380
48 years$9,782$5,524$2,972$1,542$781$338
49 years$9,473$5,275$2,794$1,425$709$300
50 years$9,178$5,039$2,627$1,318$644$267

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $9,400,000, adding $4,189 every year, while hoping to spend $50,010 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: 50/45/5 Blend
55$9,400,000$9,400,000$9,400,000$9,400,000
56$10,363,121$9,864,921$9,719,221$10,868,733
57$11,366,949$10,295,092$9,991,605$11,643,279
58$12,471,491$10,744,665$10,271,437$12,478,689
59$13,686,968$11,214,538$10,558,915$13,385,205
60$15,024,640$11,705,652$10,854,240$14,369,487
61$16,496,915$12,218,991$11,157,619$15,438,846
62$18,117,465$12,755,585$11,469,263$16,601,315
63$19,901,354$13,316,516$11,789,390$17,865,713
64$21,865,180$13,902,913$12,118,223$19,241,734
65$24,027,233$14,515,962$12,455,989$20,740,024
66$26,407,669$15,156,901$12,802,922$22,372,288
67$29,028,693$15,827,031$13,159,262$24,151,386
68$31,914,775$16,527,712$13,525,253$26,091,458
69$35,092,881$17,260,368$13,901,147$28,208,045
70$38,592,721$18,026,492$14,287,202$30,518,237
71$42,447,037$18,827,649$14,683,682$33,040,826
72$46,691,905$19,665,474$15,090,856$35,796,478
73$51,367,081$20,541,684$15,509,001$38,807,922
74$56,516,372$21,458,075$15,938,401$42,100,159
75$62,188,051$22,416,530$16,379,346$45,700,691
76$68,435,312$23,419,019$16,832,134$49,639,773
77$75,316,772$24,467,610$17,297,069$53,950,696
78$82,897,024$25,564,464$17,774,462$58,670,087
79$91,247,247$26,711,849$18,264,633$63,838,253
80$100,445,877$27,912,141$18,767,909$69,499,550
81$110,579,346$29,167,825$19,284,624$75,702,795
82$121,742,901$30,481,510$19,815,121$82,501,716
83$134,041,499$31,855,927$20,359,749$89,955,452
84$147,590,800$33,293,935$20,918,869$98,129,102
85$162,518,258$34,798,534$21,492,847$107,094,326
86$178,964,322$36,372,863$22,082,059$116,930,016
87$197,083,764$38,020,215$22,686,889$127,723,023
88$217,047,139$39,744,037$23,307,731$139,568,972
89$239,042,395$41,547,942$23,944,987$152,573,150
90$263,276,644$43,435,717$24,599,070$166,851,483
91$289,978,123$45,411,328$25,270,400$182,531,625
92$319,398,342$47,478,933$25,959,409$199,754,142
93$351,814,460$49,642,888$26,666,536$218,673,830
94$387,531,903$51,907,758$27,392,233$239,461,155
95$426,887,245$54,278,325$28,136,960$262,303,854
96$470,251,384$56,759,604$28,901,189$287,408,681
97$518,033,048$59,356,847$29,685,402$315,003,350
98$570,682,646$62,075,560$30,490,090$345,338,662
99$628,696,526$64,921,512$31,315,757$378,690,855
100$692,621,654$67,900,749$32,162,919$415,364,187