Can I retire at age 56 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$916,628$908,463$900,497$892,722$885,130$879,183
2 years$453,776$445,325$437,134$429,193$421,490$415,493
3 years$299,512$291,025$282,855$274,988$267,411$261,548
4 years$222,396$213,934$205,846$198,114$190,720$185,037
5 years$176,138$167,727$159,745$152,170$144,982$139,496
6 years$145,309$136,962$129,098$121,692$114,719$109,438
7 years$123,297$115,020$107,281$100,049$93,298$88,222
8 years$106,796$98,593$90,983$83,929$77,399$72,531
9 years$93,968$85,843$78,363$71,489$65,181$60,518
10 years$83,712$75,667$68,319$61,624$55,538$51,077
11 years$75,327$67,362$60,147$53,631$47,764$43,503
12 years$68,343$60,460$53,379$47,042$41,392$37,327
13 years$62,439$54,638$47,690$41,531$36,094$32,221
14 years$57,383$49,665$42,850$36,867$31,640$27,954
15 years$53,004$45,370$38,688$32,879$27,858$24,354
16 years$49,177$41,626$35,076$29,439$24,621$21,294
17 years$45,804$38,336$31,918$26,451$21,831$18,676
18 years$42,808$35,424$29,137$23,838$19,411$16,422
19 years$40,132$32,831$26,673$21,539$17,302$14,473
20 years$37,725$30,508$24,480$19,508$15,454$12,780
21 years$35,551$28,417$22,517$17,705$13,830$11,304
22 years$33,577$26,526$20,752$16,098$12,396$10,014
23 years$31,778$24,809$19,161$14,660$11,128$8,882
24 years$30,131$23,245$17,721$13,371$10,002$7,888
25 years$28,618$21,814$16,413$12,211$9,000$7,011
26 years$27,223$20,502$15,222$11,165$8,107$6,238
27 years$25,934$19,294$14,135$10,220$7,309$5,554
28 years$24,739$18,181$13,141$9,364$6,595$4,949
29 years$23,629$17,152$12,228$8,587$5,955$4,412
30 years$22,595$16,198$11,390$7,880$5,381$3,936
31 years$21,629$15,312$10,619$7,238$4,865$3,513
32 years$20,726$14,489$9,908$6,652$4,401$3,136
33 years$19,878$13,721$9,251$6,117$3,983$2,801
34 years$19,083$13,004$8,643$5,628$3,606$2,503
35 years$18,335$12,334$8,081$5,181$3,266$2,237
36 years$17,629$11,707$7,560$4,771$2,959$2,000
37 years$16,964$11,119$7,076$4,396$2,682$1,789
38 years$16,335$10,567$6,626$4,052$2,431$1,600
39 years$15,740$10,048$6,208$3,736$2,205$1,431
40 years$15,175$9,560$5,819$3,446$2,000$1,281
41 years$14,640$9,100$5,456$3,179$1,814$1,146
42 years$14,132$8,667$5,118$2,934$1,646$1,026
43 years$13,649$8,258$4,802$2,709$1,494$918
44 years$13,188$7,871$4,508$2,501$1,356$822
45 years$12,750$7,506$4,233$2,310$1,231$736
46 years$12,332$7,161$3,976$2,134$1,118$659
47 years$11,933$6,833$3,735$1,971$1,015$590
48 years$11,551$6,523$3,510$1,821$922$528
49 years$11,186$6,229$3,299$1,683$837$473
50 years$10,837$5,951$3,102$1,556$760$424

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $11,100,000, adding $6,230 every year, while hoping to spend $41,363 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: 41/34/25 Blend
55$11,100,000$11,100,000$11,100,000$11,100,000
56$12,238,626$11,650,326$11,478,276$12,650,131
57$13,442,956$12,177,182$11,818,789$13,473,532
58$14,768,742$12,728,468$12,169,322$14,359,832
59$16,228,327$13,305,337$12,530,168$15,318,377
60$17,835,315$13,908,997$12,901,627$16,355,822
61$19,604,694$14,540,715$13,284,009$17,479,471
62$21,552,981$15,201,818$13,677,631$18,697,342
63$23,698,374$15,893,696$14,082,821$20,018,238
64$26,060,928$16,617,806$14,499,915$21,451,826
65$28,662,739$17,375,676$14,929,258$23,008,725
66$31,528,158$18,168,904$15,371,209$24,700,599
67$34,684,018$18,999,167$15,826,131$26,540,265
68$38,159,885$19,868,224$16,294,404$28,541,805
69$41,988,340$20,777,914$16,776,413$30,720,697
70$46,205,286$21,730,167$17,272,559$33,093,954
71$50,850,286$22,727,006$17,783,250$35,680,280
72$55,966,936$23,770,550$18,308,910$38,500,235
73$61,603,277$24,863,020$18,849,972$41,576,432
74$67,812,248$26,006,745$19,406,882$44,933,734
75$74,652,185$27,204,163$19,980,100$48,599,487
76$82,187,372$28,457,832$20,570,099$52,603,772
77$90,488,650$29,770,431$21,177,363$56,979,676
78$99,634,080$31,144,770$21,802,392$61,763,600
79$109,709,685$32,583,793$22,445,701$66,995,595
80$120,810,259$34,090,585$23,107,819$72,719,727
81$133,040,263$35,668,381$23,789,288$78,984,487
82$146,514,809$37,320,570$24,490,668$85,843,240
83$161,360,748$39,050,707$25,212,534$93,354,717
84$177,717,868$40,862,515$25,955,477$101,583,556
85$195,740,211$42,759,899$26,720,107$110,600,907
86$215,597,530$44,746,952$27,507,047$120,485,090
87$237,476,887$46,827,962$28,316,943$131,322,319
88$261,584,424$49,007,426$29,150,455$143,207,507
89$288,147,304$51,290,059$30,008,264$156,245,150
90$317,415,857$53,680,800$30,891,069$170,550,295
91$349,665,946$56,184,830$31,799,590$186,249,614
92$385,201,563$58,807,578$32,734,568$203,482,587
93$424,357,709$61,554,735$33,696,762$222,402,799
94$467,503,548$64,432,270$34,686,956$243,179,378
95$515,045,895$67,446,436$35,705,954$265,998,569
96$567,433,056$70,603,792$36,754,584$291,065,480
97$625,159,061$73,911,211$37,833,696$318,605,994
98$688,768,326$77,375,900$38,944,165$348,868,886
99$758,860,791$81,005,415$40,086,890$382,128,148
100$836,097,587$84,807,676$41,262,797$418,685,558