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%11.7%
1 years$908,370$900,278$892,384$884,679$877,155$870,898
2 years$449,688$441,313$433,196$425,327$417,693$411,383
3 years$296,814$288,403$280,307$272,511$265,002$258,834
4 years$220,392$212,007$203,991$196,329$189,001$183,025
5 years$174,551$166,216$158,306$150,799$143,676$137,907
6 years$144,000$135,728$127,935$120,595$113,686$108,133
7 years$122,187$113,984$106,314$99,148$92,457$87,122
8 years$105,834$97,705$90,163$83,173$76,702$71,586
9 years$93,122$85,070$77,657$70,845$64,594$59,695
10 years$82,958$74,985$67,703$61,069$55,037$50,352
11 years$74,648$66,755$59,605$53,148$47,334$42,860
12 years$67,728$59,915$52,898$46,618$41,019$36,751
13 years$61,877$54,146$47,261$41,157$35,769$31,704
14 years$56,866$49,217$42,464$36,534$31,355$27,487
15 years$52,527$44,961$38,339$32,582$27,607$23,932
16 years$48,734$41,251$34,760$29,174$24,400$20,911
17 years$45,391$37,990$31,630$26,213$21,634$18,326
18 years$42,423$35,105$28,874$23,623$19,236$16,103
19 years$39,770$32,535$26,433$21,345$17,146$14,182
20 years$37,386$30,233$24,259$19,332$15,315$12,514
21 years$35,231$28,161$22,314$17,545$13,705$11,061
22 years$33,275$26,287$20,566$15,953$12,285$9,791
23 years$31,491$24,586$18,989$14,528$11,027$8,678
24 years$29,859$23,035$17,561$13,251$9,912$7,700
25 years$28,360$21,617$16,265$12,101$8,919$6,840
26 years$26,978$20,317$15,085$11,065$8,034$6,081
27 years$25,701$19,121$14,008$10,128$7,243$5,410
28 years$24,517$18,017$13,022$9,279$6,536$4,816
29 years$23,416$16,997$12,118$8,509$5,902$4,291
30 years$22,391$16,052$11,288$7,809$5,332$3,824
31 years$21,434$15,175$10,523$7,172$4,821$3,410
32 years$20,539$14,358$9,818$6,592$4,361$3,042
33 years$19,699$13,597$9,167$6,061$3,947$2,715
34 years$18,911$12,887$8,565$5,577$3,573$2,424
35 years$18,169$12,223$8,008$5,134$3,236$2,165
36 years$17,471$11,602$7,491$4,728$2,932$1,934
37 years$16,811$11,019$7,012$4,357$2,658$1,728
38 years$16,188$10,472$6,566$4,016$2,409$1,544
39 years$15,598$9,958$6,152$3,702$2,185$1,380
40 years$15,039$9,474$5,766$3,415$1,982$1,234
41 years$14,508$9,018$5,407$3,151$1,798$1,103
42 years$14,005$8,589$5,072$2,908$1,632$987
43 years$13,526$8,183$4,759$2,684$1,481$882
44 years$13,070$7,801$4,467$2,478$1,344$789
45 years$12,635$7,439$4,195$2,289$1,220$706
46 years$12,221$7,096$3,940$2,114$1,108$632
47 years$11,825$6,772$3,701$1,953$1,006$565
48 years$11,447$6,465$3,478$1,805$914$506
49 years$11,086$6,173$3,269$1,668$830$452
50 years$10,740$5,897$3,074$1,542$754$405

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 $2,696 every year, while hoping to spend $28,602 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: 45/39/16 Blend
55$11,000,000$11,000,000$11,000,000$11,000,000
56$12,124,781$11,541,781$11,371,281$12,614,696
57$13,331,076$12,076,896$11,721,787$13,492,116
58$14,659,455$12,637,273$12,083,075$14,439,925
59$16,122,340$13,224,119$12,455,479$15,467,104
60$17,733,419$13,838,702$12,839,338$16,581,017
61$19,507,776$14,482,346$13,235,004$17,789,743
62$21,462,032$15,156,444$13,642,839$19,102,155
63$23,614,503$15,862,454$14,063,218$20,527,993
64$25,985,371$16,601,903$14,496,525$22,077,956
65$28,596,876$17,376,394$14,943,156$23,763,792
66$31,473,527$18,187,606$15,403,521$25,598,411
67$34,642,329$19,037,301$15,878,041$27,595,994
68$38,133,041$19,927,323$16,367,150$29,772,127
69$41,978,458$20,859,609$16,871,296$32,143,936
70$46,214,716$21,836,185$17,390,940$34,730,250
71$50,881,638$22,859,179$17,926,558$37,551,765
72$56,023,106$23,930,820$18,478,638$40,631,234
73$61,687,478$25,053,445$19,047,687$43,993,678
74$67,928,041$26,229,504$19,634,225$47,666,611
75$74,803,517$27,461,566$20,238,788$51,680,294
76$82,378,616$28,752,323$20,861,928$56,068,008
77$90,724,648$30,104,600$21,504,215$60,866,365
78$99,920,192$31,521,355$22,166,236$66,115,641
79$110,051,843$33,005,693$22,848,597$71,860,149
80$121,215,026$34,560,867$23,551,919$78,148,643
81$133,514,897$36,190,288$24,276,847$85,034,774
82$147,067,337$37,897,533$25,024,042$92,577,578
83$162,000,045$39,686,351$25,794,187$100,842,029
84$178,453,742$41,560,674$26,587,984$109,899,635
85$196,583,501$43,524,625$27,406,159$119,829,103
86$216,560,211$45,582,524$28,249,459$130,717,070
87$238,572,189$47,738,904$29,118,652$142,658,902
88$262,826,958$49,998,516$30,014,533$155,759,586
89$289,553,206$52,366,342$30,937,918$170,134,701
90$319,002,946$54,847,606$31,889,651$185,911,497
91$351,453,891$57,447,783$32,870,599$203,230,076
92$387,212,081$60,172,618$33,881,657$222,244,702
93$426,614,768$63,028,131$34,923,747$243,125,233
94$470,033,601$66,020,636$35,997,820$266,058,711
95$517,878,135$69,156,754$37,104,854$291,251,105
96$570,599,697$72,443,427$38,245,858$318,929,234
97$628,695,645$75,887,933$39,421,873$349,342,888
98$692,714,065$79,497,906$40,633,970$382,767,164
99$763,258,944$83,281,349$41,883,253$419,505,036
100$840,995,875$87,246,654$43,170,861$459,890,193