Can I retire at age 56 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$817,533$810,251$803,146$796,211$789,440$785,453
2 years$404,719$397,182$389,877$382,794$375,924$371,900
3 years$267,133$259,563$252,276$245,260$238,501$234,565
4 years$198,353$190,806$183,592$176,696$170,101$166,283
5 years$157,096$149,594$142,475$135,719$129,308$125,620
6 years$129,600$122,155$115,141$108,536$102,317$98,763
7 years$109,968$102,586$95,683$89,233$83,211$79,793
8 years$95,251$87,935$81,147$74,856$69,032$65,750
9 years$83,810$76,563$69,892$63,760$58,135$54,988
10 years$74,662$67,487$60,933$54,962$49,534$46,521
11 years$67,183$60,079$53,644$47,833$42,601$39,720
12 years$60,955$53,924$47,608$41,956$36,917$34,165
13 years$55,689$48,731$42,535$37,041$32,192$29,568
14 years$51,179$44,296$38,218$32,881$28,219$25,719
15 years$47,274$40,465$34,505$29,324$24,847$22,467
16 years$43,861$37,126$31,284$26,257$21,960$19,697
17 years$40,852$34,191$28,467$23,591$19,471$17,323
18 years$38,180$31,594$25,987$21,261$17,313$15,275
19 years$35,793$29,281$23,790$19,211$15,431$13,501
20 years$33,647$27,210$21,833$17,399$13,783$11,956
21 years$31,708$25,345$20,082$15,791$12,335$10,607
22 years$29,947$23,658$18,509$14,357$11,056$9,424
23 years$28,342$22,127$17,090$13,076$9,925$8,384
24 years$26,873$20,732$15,805$11,926$8,920$7,468
25 years$25,524$19,456$14,639$10,891$8,027$6,659
26 years$24,280$18,285$13,577$9,958$7,231$5,943
27 years$23,131$17,209$12,607$9,115$6,519$5,308
28 years$22,065$16,216$11,720$8,351$5,882$4,745
29 years$21,075$15,297$10,906$7,658$5,311$4,244
30 years$20,152$14,447$10,159$7,029$4,799$3,798
31 years$19,291$13,657$9,471$6,455$4,339$3,401
32 years$18,485$12,922$8,836$5,932$3,925$3,046
33 years$17,729$12,238$8,251$5,455$3,552$2,730
34 years$17,020$11,599$7,709$5,019$3,216$2,447
35 years$16,352$11,001$7,207$4,621$2,913$2,195
36 years$15,723$10,442$6,742$4,255$2,639$1,969
37 years$15,130$9,917$6,311$3,921$2,392$1,766
38 years$14,569$9,425$5,910$3,614$2,169$1,585
39 years$14,038$8,962$5,537$3,332$1,966$1,423
40 years$13,535$8,527$5,190$3,074$1,784$1,278
41 years$13,058$8,117$4,866$2,836$1,618$1,147
42 years$12,604$7,730$4,565$2,617$1,468$1,030
43 years$12,173$7,365$4,283$2,416$1,333$926
44 years$11,763$7,020$4,021$2,231$1,210$831
45 years$11,372$6,695$3,775$2,060$1,098$747
46 years$10,999$6,386$3,546$1,903$997$671
47 years$10,643$6,095$3,331$1,758$905$603
48 years$10,302$5,818$3,130$1,624$822$542
49 years$9,977$5,556$2,942$1,501$747$487
50 years$9,666$5,307$2,766$1,388$678$438

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $9,900,000, adding $3,084 every year, while hoping to spend $39,663 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: 63/8/29 Blend
55$9,900,000$9,900,000$9,900,000$9,900,000
56$10,912,981$10,388,281$10,234,831$11,515,515
57$11,983,904$10,855,106$10,535,497$12,391,839
58$13,162,732$11,343,476$10,844,906$13,344,074
59$14,460,429$11,854,404$11,163,308$14,383,427
60$15,889,077$12,388,954$11,490,963$15,518,453
61$17,461,987$12,948,238$11,828,135$16,758,566
62$19,193,830$13,533,421$12,175,098$18,114,131
63$21,100,768$14,145,727$12,532,131$19,596,556
64$23,200,613$14,786,434$12,899,524$21,218,401
65$25,512,991$15,456,884$13,277,573$22,993,491
66$28,059,527$16,158,482$13,666,583$24,937,053
67$30,864,053$16,892,702$14,066,867$27,065,846
68$33,952,827$17,661,085$14,478,749$29,398,330
69$37,354,787$18,465,250$14,902,558$31,954,828
70$41,101,818$19,306,890$15,338,636$34,757,721
71$45,229,056$20,187,781$15,787,334$37,831,659
72$49,775,221$21,109,783$16,249,011$41,203,785
73$54,782,978$22,074,847$16,724,037$44,903,995
74$60,299,342$23,085,015$17,212,793$48,965,218
75$66,376,124$24,142,429$17,715,670$53,423,717
76$73,070,414$25,249,334$18,233,070$58,319,440
77$80,445,125$26,408,080$18,765,407$63,696,385
78$88,569,586$27,621,133$19,313,106$69,603,018
79$97,520,191$28,891,076$19,876,602$76,092,726
80$107,381,128$30,220,617$20,456,346$83,224,318
81$118,245,168$31,612,592$21,052,798$91,062,578
82$130,214,541$33,069,975$21,666,433$99,678,872
83$143,401,904$34,595,884$22,297,739$109,151,822
84$157,931,401$36,193,585$22,947,216$119,568,039
85$173,939,835$37,866,502$23,615,379$131,022,944
86$191,577,962$39,618,224$24,302,757$143,621,659
87$211,011,910$41,452,512$25,009,896$157,479,999
88$232,424,750$43,373,311$25,737,352$172,725,563
89$256,018,222$45,384,751$26,485,702$189,498,930
90$282,014,643$47,491,166$27,255,535$207,954,985
91$310,658,999$49,697,096$28,047,458$228,264,377
92$342,221,264$52,007,300$28,862,095$250,615,123
93$376,998,944$54,426,769$29,700,086$275,214,382
94$415,319,887$56,960,731$30,562,089$302,290,402
95$457,545,378$59,614,670$31,448,782$332,094,672
96$504,073,550$62,394,332$32,360,860$364,904,289
97$555,343,139$65,305,741$33,299,036$401,024,572
98$611,837,631$68,355,214$34,264,044$440,791,935
99$674,089,819$71,549,369$35,256,640$484,577,058
100$742,686,840$74,895,148$36,277,597$532,788,380