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

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 $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%17%
1 years$908,370$900,278$892,384$884,679$877,155$852,151
2 years$449,688$441,313$433,196$425,327$417,693$392,696
3 years$296,814$288,403$280,307$272,511$265,002$240,796
4 years$220,392$212,007$203,991$196,329$189,001$165,772
5 years$174,551$166,216$158,306$150,799$143,676$121,486
6 years$144,000$135,728$127,935$120,595$113,686$92,556
7 years$122,187$113,984$106,314$99,148$92,457$72,388
8 years$105,834$97,705$90,163$83,173$76,702$57,682
9 years$93,122$85,070$77,657$70,845$64,594$46,605
10 years$82,958$74,985$67,703$61,069$55,037$38,054
11 years$74,648$66,755$59,605$53,148$47,334$31,329
12 years$67,728$59,915$52,898$46,618$41,019$25,961
13 years$61,877$54,146$47,261$41,157$35,769$21,626
14 years$56,866$49,217$42,464$36,534$31,355$18,091
15 years$52,527$44,961$38,339$32,582$27,607$15,187
16 years$48,734$41,251$34,760$29,174$24,400$12,786
17 years$45,391$37,990$31,630$26,213$21,634$10,790
18 years$42,423$35,105$28,874$23,623$19,236$9,123
19 years$39,770$32,535$26,433$21,345$17,146$7,727
20 years$37,386$30,233$24,259$19,332$15,315$6,553
21 years$35,231$28,161$22,314$17,545$13,705$5,565
22 years$33,275$26,287$20,566$15,953$12,285$4,730
23 years$31,491$24,586$18,989$14,528$11,027$4,023
24 years$29,859$23,035$17,561$13,251$9,912$3,425
25 years$28,360$21,617$16,265$12,101$8,919$2,917
26 years$26,978$20,317$15,085$11,065$8,034$2,486
27 years$25,701$19,121$14,008$10,128$7,243$2,120
28 years$24,517$18,017$13,022$9,279$6,536$1,808
29 years$23,416$16,997$12,118$8,509$5,902$1,542
30 years$22,391$16,052$11,288$7,809$5,332$1,316
31 years$21,434$15,175$10,523$7,172$4,821$1,123
32 years$20,539$14,358$9,818$6,592$4,361$959
33 years$19,699$13,597$9,167$6,061$3,947$819
34 years$18,911$12,887$8,565$5,577$3,573$699
35 years$18,169$12,223$8,008$5,134$3,236$597
36 years$17,471$11,602$7,491$4,728$2,932$510
37 years$16,811$11,019$7,012$4,357$2,658$436
38 years$16,188$10,472$6,566$4,016$2,409$372
39 years$15,598$9,958$6,152$3,702$2,185$318
40 years$15,039$9,474$5,766$3,415$1,982$272
41 years$14,508$9,018$5,407$3,151$1,798$232
42 years$14,005$8,589$5,072$2,908$1,632$198
43 years$13,526$8,183$4,759$2,684$1,481$170
44 years$13,070$7,801$4,467$2,478$1,344$145
45 years$12,635$7,439$4,195$2,289$1,220$124
46 years$12,221$7,096$3,940$2,114$1,108$106
47 years$11,825$6,772$3,701$1,953$1,006$90
48 years$11,447$6,465$3,478$1,805$914$77
49 years$11,086$6,173$3,269$1,668$830$66
50 years$10,740$5,897$3,074$1,542$754$56

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 $6,102 every year, while hoping to spend $30,048 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: 62/18/20 Blend
55$11,000,000$11,000,000$11,000,000$11,000,000
56$12,128,294$11,545,294$11,374,794$12,817,192
57$13,333,409$12,079,043$11,723,879$13,816,527
58$14,660,439$12,637,938$12,083,651$14,903,182
59$16,121,787$13,223,180$12,454,437$16,088,862
60$17,731,121$13,836,028$12,836,572$17,383,213
61$19,503,502$14,477,800$13,230,404$18,796,846
62$21,455,526$15,149,878$13,636,288$20,341,435
63$23,605,480$15,853,713$14,054,595$22,029,824
64$25,973,516$16,590,822$14,485,701$23,876,147
65$28,581,841$17,362,798$14,929,998$25,895,958
66$31,454,924$18,171,311$15,387,888$28,106,374
67$34,619,730$19,018,109$15,859,786$30,526,235
68$38,105,973$19,905,027$16,346,120$33,176,277
69$41,946,397$20,833,987$16,847,329$36,079,326
70$46,177,082$21,807,006$17,363,868$39,260,508
71$50,837,791$22,826,195$17,896,203$42,747,487
72$55,972,337$23,893,770$18,444,817$46,570,714
73$61,629,002$25,012,052$19,010,206$50,763,721
74$67,860,994$26,183,476$19,592,882$55,363,424
75$74,726,943$27,410,594$20,193,370$60,410,475
76$82,291,458$28,696,080$20,812,216$65,949,634
77$90,625,739$30,042,740$21,449,977$72,030,192
78$99,808,243$31,453,513$22,107,230$78,706,431
79$109,925,432$32,931,483$22,784,570$86,038,127
80$121,072,581$34,479,881$23,482,608$94,091,115
81$133,354,684$36,102,095$24,201,975$102,937,901
82$146,887,442$37,801,678$24,943,321$112,658,341
83$161,798,354$39,582,353$25,707,316$123,340,389
84$178,227,924$41,448,026$26,494,649$135,080,924
85$196,330,983$43,402,790$27,306,030$147,986,653
86$216,278,154$45,450,938$28,142,193$162,175,113
87$238,257,461$47,596,969$29,003,892$177,775,777
88$262,476,104$49,845,603$29,891,905$194,931,263
89$289,162,415$52,201,785$30,807,031$213,798,676
90$318,568,012$54,670,704$31,750,098$234,551,083
91$350,970,178$57,257,797$32,721,955$257,379,138
92$386,674,474$59,968,766$33,723,478$282,492,868
93$426,017,626$62,809,592$34,755,570$310,123,657
94$469,370,704$65,786,542$35,819,162$340,526,408
95$517,142,623$68,906,189$36,915,211$373,981,949
96$569,784,005$72,175,427$38,044,705$410,799,669
97$627,791,433$75,601,482$39,208,662$451,320,427
98$691,712,136$79,191,932$40,408,129$495,919,761
99$762,149,159$82,954,722$41,644,187$545,011,419
100$839,767,054$86,898,184$42,917,947$599,051,252