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%11.2%
1 years$916,628$908,463$900,497$892,722$885,130$880,659
2 years$453,776$445,325$437,134$429,193$421,490$416,979
3 years$299,512$291,025$282,855$274,988$267,411$262,998
4 years$222,396$213,934$205,846$198,114$190,720$186,439
5 years$176,138$167,727$159,745$152,170$144,982$140,846
6 years$145,309$136,962$129,098$121,692$114,719$110,734
7 years$123,297$115,020$107,281$100,049$93,298$89,465
8 years$106,796$98,593$90,983$83,929$77,399$73,719
9 years$93,968$85,843$78,363$71,489$65,181$61,653
10 years$83,712$75,667$68,319$61,624$55,538$52,160
11 years$75,327$67,362$60,147$53,631$47,764$44,534
12 years$68,343$60,460$53,379$47,042$41,392$38,307
13 years$62,439$54,638$47,690$41,531$36,094$33,152
14 years$57,383$49,665$42,850$36,867$31,640$28,836
15 years$53,004$45,370$38,688$32,879$27,858$25,190
16 years$49,177$41,626$35,076$29,439$24,621$22,085
17 years$45,804$38,336$31,918$26,451$21,831$19,423
18 years$42,808$35,424$29,137$23,838$19,411$17,127
19 years$40,132$32,831$26,673$21,539$17,302$15,137
20 years$37,725$30,508$24,480$19,508$15,454$13,405
21 years$35,551$28,417$22,517$17,705$13,830$11,892
22 years$33,577$26,526$20,752$16,098$12,396$10,566
23 years$31,778$24,809$19,161$14,660$11,128$9,401
24 years$30,131$23,245$17,721$13,371$10,002$8,373
25 years$28,618$21,814$16,413$12,211$9,000$7,466
26 years$27,223$20,502$15,222$11,165$8,107$6,663
27 years$25,934$19,294$14,135$10,220$7,309$5,952
28 years$24,739$18,181$13,141$9,364$6,595$5,320
29 years$23,629$17,152$12,228$8,587$5,955$4,758
30 years$22,595$16,198$11,390$7,880$5,381$4,258
31 years$21,629$15,312$10,619$7,238$4,865$3,813
32 years$20,726$14,489$9,908$6,652$4,401$3,416
33 years$19,878$13,721$9,251$6,117$3,983$3,061
34 years$19,083$13,004$8,643$5,628$3,606$2,744
35 years$18,335$12,334$8,081$5,181$3,266$2,461
36 years$17,629$11,707$7,560$4,771$2,959$2,207
37 years$16,964$11,119$7,076$4,396$2,682$1,981
38 years$16,335$10,567$6,626$4,052$2,431$1,777
39 years$15,740$10,048$6,208$3,736$2,205$1,596
40 years$15,175$9,560$5,819$3,446$2,000$1,433
41 years$14,640$9,100$5,456$3,179$1,814$1,286
42 years$14,132$8,667$5,118$2,934$1,646$1,155
43 years$13,649$8,258$4,802$2,709$1,494$1,038
44 years$13,188$7,871$4,508$2,501$1,356$932
45 years$12,750$7,506$4,233$2,310$1,231$837
46 years$12,332$7,161$3,976$2,134$1,118$752
47 years$11,933$6,833$3,735$1,971$1,015$676
48 years$11,551$6,523$3,510$1,821$922$608
49 years$11,186$6,229$3,299$1,683$837$546
50 years$10,837$5,951$3,102$1,556$760$491

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 $4,629 every year, while hoping to spend $49,187 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: 69/23/8 Blend
55$11,100,000$11,100,000$11,100,000$11,100,000
56$12,236,975$11,648,675$11,476,625$13,063,711
57$13,432,812$12,167,125$11,808,757$14,130,365
58$14,748,975$12,709,331$12,150,367$15,290,351
59$16,197,687$13,276,405$12,501,721$16,557,934
60$17,792,414$13,869,511$12,863,091$17,943,657
61$19,547,993$14,489,870$13,234,758$19,459,120
62$21,480,775$15,138,761$13,617,009$21,117,089
63$23,608,776$15,817,522$14,010,141$22,931,609
64$25,951,847$16,527,556$14,414,456$24,918,140
65$28,531,863$17,270,334$14,830,268$27,093,695
66$31,372,928$18,047,396$15,257,897$29,477,000
67$34,501,603$18,860,354$15,697,673$32,088,668
68$37,947,154$19,710,899$16,149,932$34,951,390
69$41,741,832$20,600,802$16,615,024$38,090,143
70$45,921,176$21,531,918$17,093,304$41,532,429
71$50,524,346$22,506,192$17,585,140$45,308,524
72$55,594,495$23,525,661$18,090,907$49,451,762
73$61,179,173$24,592,458$18,610,993$53,998,848
74$67,330,781$25,708,821$19,145,793$58,990,198
75$74,107,060$26,877,092$19,695,716$64,470,317
76$81,571,638$28,099,728$20,261,181$70,488,214
77$89,794,632$29,379,301$20,842,617$77,097,860
78$98,853,305$30,718,508$21,440,466$84,358,693
79$108,832,801$32,120,174$22,055,180$92,336,174
80$119,826,945$33,587,260$22,687,227$101,102,397
81$131,939,126$35,122,869$23,337,082$110,736,768
82$145,283,280$36,730,252$24,005,237$121,326,745
83$159,984,958$38,412,818$24,692,196$132,968,659
84$176,182,515$40,174,137$25,398,476$145,768,617
85$194,028,414$42,017,953$26,124,607$159,843,497
86$213,690,666$43,948,186$26,871,136$175,322,042
87$235,354,416$45,968,949$27,638,620$192,346,071
88$259,223,688$48,084,549$28,427,636$211,071,807
89$285,523,314$50,299,502$29,238,771$231,671,347
90$314,501,054$52,618,540$30,072,632$254,334,274
91$346,429,937$55,046,623$30,929,840$279,269,442
92$381,610,833$57,588,950$31,811,033$306,706,935
93$420,375,300$60,250,971$32,716,864$336,900,232
94$463,088,707$63,038,395$33,648,006$370,128,585
95$510,153,688$65,957,209$34,605,147$406,699,653
96$562,013,941$69,013,689$35,588,996$446,952,384
97$619,158,413$72,214,410$36,600,277$491,260,215
98$682,125,921$75,566,266$37,639,737$540,034,574
99$751,510,236$79,076,484$38,708,139$593,728,761
100$827,965,686$82,752,638$39,806,267$652,842,207