Can I retire at age 56 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$792,759$785,698$778,808$772,084$765,517$753,456
2 years$392,455$385,146$378,062$371,194$364,532$352,412
3 years$259,038$251,697$244,631$237,828$231,274$219,472
4 years$192,342$185,024$178,029$171,341$164,947$153,553
5 years$152,335$145,061$138,158$131,607$125,390$114,438
6 years$125,673$118,453$111,652$105,247$99,217$88,720
7 years$106,636$99,477$92,783$86,529$80,690$70,651
8 years$92,364$85,270$78,688$72,587$66,940$57,357
9 years$81,270$74,243$67,774$61,828$56,373$47,242
10 years$72,400$65,441$59,087$53,297$48,033$39,345
11 years$65,147$58,259$52,019$46,384$41,310$33,057
12 years$59,108$52,290$46,165$40,685$35,798$27,970
13 years$54,001$47,255$41,246$35,919$31,217$23,802
14 years$49,628$42,953$37,060$31,885$27,364$20,351
15 years$45,842$39,239$33,460$28,435$24,094$17,468
16 years$42,532$36,001$30,336$25,461$21,294$15,043
17 years$39,614$33,155$27,605$22,876$18,881$12,991
18 years$37,024$30,637$25,200$20,616$16,788$11,245
19 years$34,708$28,394$23,069$18,629$14,963$9,754
20 years$32,627$26,385$21,172$16,872$13,366$8,475
21 years$30,747$24,577$19,474$15,312$11,961$7,374
22 years$29,040$22,941$17,948$13,922$10,721$6,425
23 years$27,483$21,457$16,572$12,679$9,624$5,604
24 years$26,059$20,104$15,326$11,564$8,650$4,892
25 years$24,750$18,866$14,195$10,561$7,784$4,274
26 years$23,544$17,731$13,165$9,657$7,011$3,737
27 years$22,430$16,687$12,225$8,839$6,321$3,270
28 years$21,396$15,724$11,365$8,098$5,704$2,863
29 years$20,436$14,834$10,576$7,426$5,150$2,507
30 years$19,541$14,009$9,851$6,816$4,654$2,197
31 years$18,706$13,243$9,184$6,260$4,207$1,925
32 years$17,925$12,531$8,569$5,753$3,806$1,688
33 years$17,192$11,867$8,001$5,290$3,444$1,480
34 years$16,504$11,247$7,475$4,867$3,118$1,299
35 years$15,857$10,668$6,989$4,481$2,825$1,139
36 years$15,247$10,125$6,538$4,127$2,559$1,000
37 years$14,671$9,617$6,119$3,802$2,319$878
38 years$14,127$9,139$5,731$3,504$2,103$770
39 years$13,613$8,690$5,369$3,231$1,907$676
40 years$13,125$8,268$5,032$2,980$1,730$594
41 years$12,662$7,871$4,719$2,750$1,569$522
42 years$12,222$7,496$4,426$2,538$1,424$458
43 years$11,804$7,142$4,153$2,343$1,292$402
44 years$11,406$6,808$3,899$2,163$1,173$353
45 years$11,027$6,492$3,661$1,998$1,065$310
46 years$10,665$6,193$3,438$1,845$967$273
47 years$10,320$5,910$3,230$1,705$878$239
48 years$9,990$5,642$3,036$1,575$797$210
49 years$9,675$5,388$2,853$1,456$724$185
50 years$9,373$5,146$2,682$1,346$658$162

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $9,600,000, adding $4,793 every year, while hoping to spend $41,587 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: 42/42/16 Blend
55$9,600,000$9,600,000$9,600,000$9,600,000
56$10,584,144$10,075,344$9,926,544$10,978,874
57$11,619,478$10,524,788$10,214,835$11,707,139
58$12,759,023$10,994,860$10,511,390$12,490,804
59$14,013,364$11,486,528$10,816,442$13,338,525
60$15,394,164$12,000,806$11,130,230$14,256,185
61$16,914,276$12,538,753$11,453,000$15,250,241
62$18,587,862$13,101,481$11,785,005$16,327,779
63$20,430,526$13,690,155$12,126,504$17,496,578
64$22,459,462$14,305,996$12,477,765$18,765,178
65$24,693,619$14,950,281$12,839,062$20,142,957
66$27,153,873$15,624,350$13,210,675$21,640,215
67$29,863,230$16,329,605$13,592,895$23,268,266
68$32,847,042$17,067,518$13,986,019$25,039,541
69$36,133,241$17,839,627$14,390,352$26,967,696
70$39,752,611$18,647,548$14,806,208$29,067,744
71$43,739,070$19,492,971$15,233,908$31,356,181
72$48,129,996$20,377,668$15,673,786$33,851,144
73$52,966,578$21,303,495$16,126,179$36,572,569
74$58,294,201$22,272,399$16,591,439$39,542,378
75$64,162,881$23,286,418$17,069,923$42,784,679
76$70,627,730$24,347,687$17,562,001$46,325,981
77$77,749,481$25,458,447$18,068,050$50,195,444
78$85,595,059$26,621,041$18,588,461$54,425,141
79$94,238,212$27,837,930$19,123,632$59,050,354
80$103,760,210$29,111,688$19,673,973$64,109,902
81$114,250,606$30,445,016$20,239,907$69,646,493
82$125,808,090$31,840,743$20,821,865$75,707,123
83$138,541,410$33,301,835$21,420,292$82,343,504
84$152,570,406$34,831,398$22,035,645$89,612,550
85$168,027,141$36,432,689$22,668,392$97,576,894
86$185,057,141$38,109,122$23,319,015$106,305,477
87$203,820,774$39,864,274$23,988,007$115,874,183
88$224,494,764$41,701,895$24,675,876$126,366,540
89$247,273,855$43,625,913$25,383,144$137,874,503
90$272,372,654$45,640,448$26,110,344$150,499,303
91$300,027,651$47,749,817$26,858,027$164,352,392
92$330,499,457$49,958,543$27,626,756$179,556,475
93$364,075,260$52,271,370$28,417,111$196,246,662
94$401,071,538$54,693,269$29,229,686$214,571,720
95$441,837,046$57,229,450$30,065,091$234,695,463
96$486,756,106$59,885,374$30,923,953$256,798,280
97$536,252,238$62,666,767$31,806,915$281,078,824
98$590,792,156$65,579,628$32,714,636$307,755,861
99$650,890,175$68,630,249$33,647,796$337,070,319
100$717,113,064$71,825,223$34,607,088$369,287,544