Can I retire at age 56 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$784,501$777,513$770,696$764,041$757,543$746,531
2 years$388,367$381,134$374,124$367,327$360,735$349,663
3 years$256,339$249,075$242,083$235,350$228,865$218,078
4 years$190,339$183,097$176,174$169,557$163,228$152,810
5 years$150,748$143,550$136,719$130,236$124,084$114,063
6 years$124,364$117,219$110,489$104,151$98,183$88,573
7 years$105,525$98,441$91,817$85,628$79,849$70,652
8 years$91,402$84,382$77,868$71,831$66,243$57,458
9 years$80,423$73,470$67,068$61,184$55,786$47,409
10 years$71,646$64,760$58,471$52,741$47,532$39,556
11 years$64,469$57,652$51,477$45,901$40,879$33,297
12 years$58,492$51,745$45,685$40,261$35,425$28,227
13 years$53,439$46,763$40,816$35,545$30,891$24,068
14 years$49,111$42,506$36,673$31,552$27,079$20,620
15 years$45,364$38,830$33,111$28,139$23,843$17,735
16 years$42,089$35,626$30,020$25,196$21,072$15,306
17 years$39,201$32,810$27,317$22,638$18,684$13,246
18 years$36,638$30,318$24,937$20,401$16,613$11,491
19 years$34,347$28,098$22,829$18,434$14,808$9,989
20 years$32,287$26,110$20,951$16,696$13,226$8,698
21 years$30,427$24,321$19,271$15,153$11,836$7,586
22 years$28,737$22,702$17,761$13,777$10,609$6,624
23 years$27,197$21,233$16,399$12,547$9,524$5,791
24 years$25,787$19,894$15,167$11,444$8,560$5,067
25 years$24,492$18,670$14,047$10,451$7,703$4,438
26 years$23,299$17,546$13,028$9,556$6,938$3,890
27 years$22,196$16,513$12,098$8,747$6,256$3,412
28 years$21,173$15,560$11,246$8,014$5,644$2,994
29 years$20,223$14,679$10,466$7,349$5,097$2,628
30 years$19,338$13,863$9,748$6,745$4,605$2,309
31 years$18,511$13,105$9,088$6,194$4,164$2,028
32 years$17,738$12,400$8,479$5,693$3,766$1,783
33 years$17,013$11,743$7,917$5,235$3,408$1,568
34 years$16,332$11,130$7,397$4,817$3,086$1,379
35 years$15,692$10,557$6,916$4,434$2,795$1,213
36 years$15,088$10,020$6,470$4,084$2,533$1,067
37 years$14,519$9,516$6,056$3,762$2,295$939
38 years$13,980$9,044$5,671$3,468$2,081$826
39 years$13,471$8,600$5,313$3,198$1,887$727
40 years$12,988$8,182$4,980$2,949$1,712$640
41 years$12,530$7,789$4,670$2,721$1,553$564
42 years$12,095$7,418$4,380$2,511$1,409$496
43 years$11,681$7,068$4,110$2,318$1,279$437
44 years$11,287$6,737$3,858$2,140$1,161$385
45 years$10,912$6,424$3,623$1,977$1,054$339
46 years$10,554$6,128$3,403$1,826$957$298
47 years$10,213$5,848$3,197$1,687$869$263
48 years$9,886$5,583$3,004$1,559$789$232
49 years$9,574$5,332$2,823$1,441$717$204
50 years$9,275$5,093$2,654$1,332$651$180

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $9,500,000, adding $5,499 every year, while hoping to spend $24,781 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: 37/47/16 Blend
55$9,500,000$9,500,000$9,500,000$9,500,000
56$10,474,672$9,971,172$9,823,922$10,811,139
57$11,516,722$10,433,393$10,126,657$11,516,092
58$12,664,230$10,917,432$10,438,702$12,274,277
59$13,927,928$11,424,332$10,760,345$13,092,697
60$15,319,639$11,955,186$11,091,879$13,976,762
61$16,852,392$12,511,141$11,433,607$14,932,398
62$18,540,547$13,093,398$11,785,844$15,966,104
63$20,399,923$13,703,215$12,148,910$17,085,005
64$22,447,956$14,341,912$12,523,139$18,296,915
65$24,703,855$15,010,874$12,908,872$19,610,407
66$27,188,792$15,711,551$13,306,463$21,034,886
67$29,926,095$16,445,463$13,716,275$22,580,673
68$32,941,470$17,214,203$14,138,684$24,259,099
69$36,263,245$18,019,444$14,574,075$26,082,601
70$39,922,636$18,862,937$15,022,846$28,064,837
71$43,954,041$19,746,518$15,485,408$30,220,806
72$48,395,369$20,672,112$15,962,185$32,566,982
73$53,288,388$21,641,738$16,453,610$35,121,467
74$58,679,132$22,657,511$16,960,134$37,904,144
75$64,618,325$23,721,650$17,482,219$40,936,868
76$71,161,863$24,836,481$18,020,343$44,243,655
77$78,371,345$26,004,441$18,574,997$47,850,905
78$86,314,651$27,228,086$19,146,687$51,787,639
79$95,066,580$28,510,097$19,735,936$56,085,765
80$104,709,563$29,853,284$20,343,282$60,780,365
81$115,334,435$31,260,591$20,969,278$65,910,022
82$127,041,295$32,735,109$21,614,498$71,517,168
83$139,940,452$34,280,074$22,279,528$77,648,473
84$154,153,463$35,898,882$22,964,977$84,355,276
85$169,814,282$37,595,093$23,671,470$91,694,054
86$187,070,526$39,372,439$24,399,650$99,726,942
87$206,084,864$41,234,834$25,150,184$108,522,308
88$227,036,559$43,186,380$25,923,754$118,155,380
89$250,123,155$45,231,379$26,721,066$128,708,942
90$275,562,343$47,374,342$27,542,848$140,274,099
91$303,594,017$49,620,000$28,389,848$152,951,123
92$334,482,537$51,973,311$29,262,839$166,850,377
93$368,519,227$54,439,474$30,162,615$182,093,339
94$406,025,123$57,023,943$31,089,998$198,813,734
95$447,354,004$59,732,435$32,045,831$217,158,769
96$492,895,732$62,570,944$33,030,986$237,290,507
97$543,079,932$65,545,755$34,046,359$259,387,370
98$598,380,049$68,663,461$35,092,876$283,645,804
99$659,317,815$71,930,972$36,171,489$310,282,105
100$726,468,178$75,355,536$37,283,179$339,534,438