Can I retire at age 56 with 11,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$908,370$900,278$892,384$884,679$877,155$869,806
2 years$449,688$441,313$433,196$425,327$417,693$410,286
3 years$296,814$288,403$280,307$272,511$265,002$257,766
4 years$220,392$212,007$203,991$196,329$189,001$181,993
5 years$174,551$166,216$158,306$150,799$143,676$136,916
6 years$144,000$135,728$127,935$120,595$113,686$107,182
7 years$122,187$113,984$106,314$99,148$92,457$86,213
8 years$105,834$97,705$90,163$83,173$76,702$70,718
9 years$93,122$85,070$77,657$70,845$64,594$58,868
10 years$82,958$74,985$67,703$61,069$55,037$49,565
11 years$74,648$66,755$59,605$53,148$47,334$42,112
12 years$67,728$59,915$52,898$46,618$41,019$36,042
13 years$61,877$54,146$47,261$41,157$35,769$31,032
14 years$56,866$49,217$42,464$36,534$31,355$26,852
15 years$52,527$44,961$38,339$32,582$27,607$23,332
16 years$48,734$41,251$34,760$29,174$24,400$20,345
17 years$45,391$37,990$31,630$26,213$21,634$17,793
18 years$42,423$35,105$28,874$23,623$19,236$15,602
19 years$39,770$32,535$26,433$21,345$17,146$13,711
20 years$37,386$30,233$24,259$19,332$15,315$12,072
21 years$35,231$28,161$22,314$17,545$13,705$10,647
22 years$33,275$26,287$20,566$15,953$12,285$9,403
23 years$31,491$24,586$18,989$14,528$11,027$8,315
24 years$29,859$23,035$17,561$13,251$9,912$7,362
25 years$28,360$21,617$16,265$12,101$8,919$6,524
26 years$26,978$20,317$15,085$11,065$8,034$5,786
27 years$25,701$19,121$14,008$10,128$7,243$5,135
28 years$24,517$18,017$13,022$9,279$6,536$4,561
29 years$23,416$16,997$12,118$8,509$5,902$4,053
30 years$22,391$16,052$11,288$7,809$5,332$3,604
31 years$21,434$15,175$10,523$7,172$4,821$3,206
32 years$20,539$14,358$9,818$6,592$4,361$2,853
33 years$19,699$13,597$9,167$6,061$3,947$2,540
34 years$18,911$12,887$8,565$5,577$3,573$2,262
35 years$18,169$12,223$8,008$5,134$3,236$2,015
36 years$17,471$11,602$7,491$4,728$2,932$1,795
37 years$16,811$11,019$7,012$4,357$2,658$1,600
38 years$16,188$10,472$6,566$4,016$2,409$1,426
39 years$15,598$9,958$6,152$3,702$2,185$1,272
40 years$15,039$9,474$5,766$3,415$1,982$1,134
41 years$14,508$9,018$5,407$3,151$1,798$1,011
42 years$14,005$8,589$5,072$2,908$1,632$902
43 years$13,526$8,183$4,759$2,684$1,481$805
44 years$13,070$7,801$4,467$2,478$1,344$718
45 years$12,635$7,439$4,195$2,289$1,220$640
46 years$12,221$7,096$3,940$2,114$1,108$571
47 years$11,825$6,772$3,701$1,953$1,006$510
48 years$11,447$6,465$3,478$1,805$914$455
49 years$11,086$6,173$3,269$1,668$830$406
50 years$10,740$5,897$3,074$1,542$754$362

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $11,000,000, adding $4,786 every year, while hoping to spend $54,903 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: 65/14/21 Blend
55$11,000,000$11,000,000$11,000,000$11,000,000
56$12,126,937$11,543,937$11,373,437$12,849,905
57$13,305,468$12,051,173$11,696,031$13,843,675
58$14,602,369$12,581,424$12,027,591$14,922,626
59$16,029,656$13,135,760$12,368,361$16,100,512
60$17,600,569$13,715,299$12,718,588$17,387,037
61$19,329,695$14,321,217$13,078,529$18,792,876
62$21,233,109$14,954,742$13,448,445$20,329,783
63$23,328,522$15,617,160$13,828,604$22,010,690
64$25,635,451$16,309,820$14,219,282$23,849,836
65$28,175,400$17,034,135$14,620,761$25,862,893
66$30,972,066$17,791,583$15,033,331$28,067,115
67$34,051,559$18,583,713$15,457,291$30,481,497
68$37,442,651$19,412,148$15,892,943$33,126,953
69$41,177,047$20,278,588$16,340,602$36,026,511
70$45,289,681$21,184,814$16,800,587$39,205,526
71$49,819,049$22,132,691$17,273,228$42,691,919
72$54,807,573$23,124,174$17,758,862$46,516,435
73$60,301,996$24,161,309$18,257,834$50,712,933
74$66,353,828$25,246,241$18,770,500$55,318,702
75$73,019,829$26,381,218$19,297,222$60,374,809
76$80,362,546$27,568,592$19,838,374$65,926,482
77$88,450,904$28,810,831$20,394,337$72,023,537
78$97,360,852$30,110,518$20,965,504$78,720,842
79$107,176,085$31,470,360$21,552,275$86,078,833
80$117,988,832$32,893,193$22,155,062$94,164,079
81$129,900,724$34,381,991$22,774,287$103,049,907
82$143,023,755$35,939,866$23,410,383$112,817,089
83$157,481,340$37,570,081$24,063,793$123,554,604
84$173,409,477$39,276,055$24,734,970$135,360,467
85$190,958,033$41,061,371$25,424,381$148,342,657
86$210,292,156$42,929,782$26,132,502$162,620,123
87$231,593,837$44,885,222$26,859,821$178,323,909
88$255,063,623$46,931,813$27,606,840$195,598,383
89$280,922,515$49,073,874$28,374,072$214,602,592
90$309,414,050$51,315,932$29,162,041$235,511,762
91$340,806,600$53,662,730$29,971,287$258,518,942
92$375,395,909$56,119,239$30,802,360$283,836,822
93$413,507,878$58,690,669$31,655,826$311,699,735
94$455,501,648$61,382,478$32,532,263$342,365,860
95$501,772,986$64,200,389$33,432,264$376,119,654
96$552,758,021$67,150,399$34,356,435$413,274,530
97$608,937,361$70,238,790$35,305,397$454,175,805
98$670,840,632$73,472,151$36,279,788$499,203,956
99$739,051,474$76,857,383$37,280,258$548,778,201
100$814,213,052$80,401,723$38,307,474$603,360,445