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

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$916,628$908,463$900,497$892,722$885,130$856,453
2 years$453,776$445,325$437,134$429,193$421,490$392,868
3 years$299,512$291,025$282,855$274,988$267,411$239,742
4 years$222,396$213,934$205,846$198,114$190,720$164,215
5 years$176,138$167,727$159,745$152,170$144,982$119,713
6 years$145,309$136,962$129,098$121,692$114,719$90,707
7 years$123,297$115,020$107,281$100,049$93,298$70,539
8 years$106,796$98,593$90,983$83,929$77,399$55,879
9 years$93,968$85,843$78,363$71,489$65,181$44,874
10 years$83,712$75,667$68,319$61,624$55,538$36,412
11 years$75,327$67,362$60,147$53,631$47,764$29,784
12 years$68,343$60,460$53,379$47,042$41,392$24,518
13 years$62,439$54,638$47,690$41,531$36,094$20,286
14 years$57,383$49,665$42,850$36,867$31,640$16,853
15 years$53,004$45,370$38,688$32,879$27,858$14,048
16 years$49,177$41,626$35,076$29,439$24,621$11,742
17 years$45,804$38,336$31,918$26,451$21,831$9,837
18 years$42,808$35,424$29,137$23,838$19,411$8,256
19 years$40,132$32,831$26,673$21,539$17,302$6,940
20 years$37,725$30,508$24,480$19,508$15,454$5,841
21 years$35,551$28,417$22,517$17,705$13,830$4,922
22 years$33,577$26,526$20,752$16,098$12,396$4,151
23 years$31,778$24,809$19,161$14,660$11,128$3,503
24 years$30,131$23,245$17,721$13,371$10,002$2,958
25 years$28,618$21,814$16,413$12,211$9,000$2,500
26 years$27,223$20,502$15,222$11,165$8,107$2,113
27 years$25,934$19,294$14,135$10,220$7,309$1,787
28 years$24,739$18,181$13,141$9,364$6,595$1,512
29 years$23,629$17,152$12,228$8,587$5,955$1,279
30 years$22,595$16,198$11,390$7,880$5,381$1,083
31 years$21,629$15,312$10,619$7,238$4,865$917
32 years$20,726$14,489$9,908$6,652$4,401$776
33 years$19,878$13,721$9,251$6,117$3,983$657
34 years$19,083$13,004$8,643$5,628$3,606$557
35 years$18,335$12,334$8,081$5,181$3,266$471
36 years$17,629$11,707$7,560$4,771$2,959$399
37 years$16,964$11,119$7,076$4,396$2,682$338
38 years$16,335$10,567$6,626$4,052$2,431$287
39 years$15,740$10,048$6,208$3,736$2,205$243
40 years$15,175$9,560$5,819$3,446$2,000$206
41 years$14,640$9,100$5,456$3,179$1,814$174
42 years$14,132$8,667$5,118$2,934$1,646$148
43 years$13,649$8,258$4,802$2,709$1,494$125
44 years$13,188$7,871$4,508$2,501$1,356$106
45 years$12,750$7,506$4,233$2,310$1,231$90
46 years$12,332$7,161$3,976$2,134$1,118$76
47 years$11,933$6,833$3,735$1,971$1,015$65
48 years$11,551$6,523$3,510$1,821$922$55
49 years$11,186$6,229$3,299$1,683$837$46
50 years$10,837$5,951$3,102$1,556$760$39

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 $3,341 every year, while hoping to spend $34,327 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: 74/12/14 Blend
55$11,100,000$11,100,000$11,100,000$11,100,000
56$12,235,646$11,647,346$11,475,296$13,104,157
57$13,447,158$12,181,543$11,823,195$14,213,142
58$14,781,095$12,740,764$12,181,598$15,423,292
59$16,249,905$13,326,201$12,550,821$16,748,297
60$17,867,311$13,939,099$12,931,188$18,199,551
61$19,648,429$14,580,768$13,323,035$19,789,595
62$21,609,918$15,252,575$13,726,707$21,532,237
63$23,770,136$15,955,958$14,142,558$23,442,679
64$26,149,311$16,692,420$14,570,954$25,537,658
65$28,769,731$17,463,540$15,012,272$27,835,605
66$31,655,961$18,270,970$15,466,900$30,356,813
67$34,835,064$19,116,443$15,935,237$33,123,631
68$38,336,868$20,001,776$16,417,694$36,160,669
69$42,194,237$20,928,871$16,914,695$39,495,030
70$46,443,389$21,899,725$17,426,677$43,156,561
71$51,124,232$22,916,430$17,954,088$47,178,138
72$56,280,745$23,981,176$18,497,392$51,595,965
73$61,961,391$25,096,263$19,057,064$56,449,921
74$68,219,572$26,264,100$19,633,596$61,783,931
75$75,114,139$27,487,212$20,227,492$67,646,377
76$82,709,942$28,768,245$20,839,273$74,090,550
77$91,078,442$30,109,975$21,469,474$81,175,154
78$100,298,389$31,515,311$22,118,648$88,964,853
79$110,456,565$32,987,301$22,787,363$97,530,883
80$121,648,599$34,529,143$23,476,204$106,951,714
81$133,979,872$36,144,187$24,185,773$117,313,792
82$147,566,513$37,835,946$24,916,690$128,712,349
83$162,536,493$39,608,103$25,669,595$141,252,301
84$179,030,835$41,464,520$26,445,146$155,049,228
85$197,204,941$43,409,242$27,244,020$170,230,468
86$217,230,065$45,446,515$28,066,914$186,936,308
87$239,294,923$47,580,785$28,914,547$205,321,308
88$263,607,479$49,816,718$29,787,658$225,555,752
89$290,396,907$52,159,202$30,687,010$247,827,253
90$319,915,753$54,613,365$31,613,386$272,342,516
91$352,442,320$57,184,579$32,567,594$299,329,284
92$388,283,294$59,878,481$33,550,466$329,038,486
93$427,776,640$62,700,977$34,562,857$361,746,592
94$471,294,795$65,658,262$35,605,650$397,758,224
95$519,248,176$68,756,829$36,679,752$437,409,019
96$572,089,064$72,003,488$37,786,097$481,068,794
97$630,315,866$75,405,376$38,925,649$529,145,030
98$694,477,823$78,969,979$40,099,398$582,086,707
99$765,180,198$82,705,144$41,308,364$640,388,540
100$843,089,982$86,619,100$42,553,598$704,595,637