Can I retire at age 56 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$924,886$916,647$908,609$900,764$893,104$883,777
2 years$457,864$449,337$441,073$433,060$425,287$415,895
3 years$302,211$293,647$285,403$277,466$269,820$260,653
4 years$224,399$215,861$207,700$199,898$192,438$183,567
5 years$177,725$169,238$161,184$153,541$146,288$137,740
6 years$146,618$138,195$130,261$122,788$115,753$107,538
7 years$124,408$116,056$108,247$100,951$94,138$86,259
8 years$107,758$99,482$91,802$84,685$78,097$70,554
9 years$94,815$86,617$79,069$72,133$65,769$58,559
10 years$84,467$76,348$68,934$62,179$56,038$49,157
11 years$76,005$67,969$60,689$54,115$48,195$41,637
12 years$68,959$61,005$53,860$47,466$41,764$35,523
13 years$63,002$55,131$48,120$41,905$36,419$30,487
14 years$57,900$50,112$43,236$37,199$31,925$26,293
15 years$53,482$45,778$39,036$33,175$28,109$22,769
16 years$49,620$42,001$35,392$29,704$24,843$19,786
17 years$46,216$38,681$32,205$26,689$22,028$17,245
18 years$43,194$35,743$29,399$24,052$19,586$15,067
19 years$40,493$33,126$26,914$21,733$17,457$13,193
20 years$38,065$30,783$24,700$19,684$15,593$11,574
21 years$35,871$28,673$22,719$17,864$13,954$10,169
22 years$33,880$26,765$20,939$16,243$12,508$8,948
23 years$32,064$25,033$19,334$14,793$11,228$7,883
24 years$30,402$23,454$17,881$13,492$10,092$6,952
25 years$28,875$22,010$16,561$12,321$9,081$6,136
26 years$27,468$20,686$15,359$11,266$8,180$5,421
27 years$26,168$19,468$14,263$10,312$7,375$4,793
28 years$24,962$18,345$13,259$9,448$6,655$4,240
29 years$23,842$17,306$12,339$8,664$6,009$3,753
30 years$22,798$16,344$11,493$7,951$5,429$3,323
31 years$21,824$15,450$10,715$7,303$4,909$2,944
32 years$20,912$14,619$9,997$6,711$4,440$2,609
33 years$20,058$13,845$9,334$6,172$4,018$2,313
34 years$19,255$13,122$8,721$5,679$3,638$2,051
35 years$18,500$12,446$8,154$5,227$3,295$1,820
36 years$17,788$11,813$7,628$4,814$2,986$1,615
37 years$17,117$11,219$7,139$4,436$2,706$1,433
38 years$16,482$10,662$6,686$4,089$2,453$1,272
39 years$15,881$10,139$6,264$3,770$2,225$1,129
40 years$15,312$9,646$5,871$3,477$2,018$1,002
41 years$14,772$9,182$5,505$3,208$1,831$890
42 years$14,259$8,745$5,164$2,961$1,661$791
43 years$13,771$8,332$4,846$2,733$1,508$702
44 years$13,307$7,942$4,549$2,524$1,368$624
45 years$12,865$7,574$4,271$2,331$1,242$554
46 years$12,443$7,225$4,011$2,153$1,128$492
47 years$12,040$6,895$3,769$1,989$1,024$437
48 years$11,655$6,582$3,541$1,838$930$389
49 years$11,287$6,286$3,329$1,698$845$345
50 years$10,935$6,004$3,130$1,570$767$307

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $11,200,000, adding $2,565 every year, while hoping to spend $28,846 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: 65/24/11 Blend
55$11,200,000$11,200,000$11,200,000$11,200,000
56$12,345,046$11,751,446$11,577,846$13,117,311
57$13,573,549$12,296,575$11,935,012$14,177,859
58$14,926,392$12,867,448$12,303,176$15,332,558
59$16,416,228$13,465,297$12,682,676$16,593,467
60$18,056,998$14,091,412$13,073,861$17,970,937
61$19,864,067$14,747,146$13,477,090$19,476,355
62$21,854,361$15,433,916$13,892,732$21,122,246
63$24,046,537$16,153,208$14,321,170$22,922,390
64$26,461,150$16,906,582$14,762,795$24,891,948
65$29,120,852$17,695,669$15,218,014$27,047,604
66$32,050,605$18,522,183$15,687,244$29,407,714
67$35,277,915$19,387,918$16,170,914$31,992,484
68$38,833,092$20,294,756$16,669,469$34,824,149
69$42,749,537$21,244,669$17,183,366$37,927,182
70$47,064,057$22,239,725$17,713,076$41,328,523
71$51,817,211$23,282,091$18,259,085$45,057,825
72$57,053,694$24,374,041$18,821,892$49,147,732
73$62,822,759$25,517,958$19,402,013$53,634,182
74$69,178,681$26,716,338$19,999,981$58,556,743
75$76,181,269$27,971,801$20,616,343$63,958,977
76$83,896,431$29,287,092$21,251,663$69,888,850
77$92,396,797$30,665,089$21,906,523$76,399,177
78$101,762,402$32,108,811$22,581,524$83,548,116
79$112,081,445$33,621,420$23,277,283$91,399,710
80$123,451,118$35,206,235$23,994,437$100,024,485
81$135,978,524$36,866,732$24,733,643$109,500,111
82$149,781,690$38,606,559$25,495,577$119,912,124
83$164,990,680$40,429,538$26,280,936$131,354,732
84$181,748,822$42,339,678$27,090,440$143,931,691
85$200,214,060$44,341,181$27,924,828$157,757,280
86$220,560,449$46,438,454$28,784,865$172,957,370
87$242,979,793$48,636,116$29,671,336$189,670,602
88$267,683,459$50,939,013$30,585,053$208,049,691
89$294,904,370$53,352,223$31,526,850$228,262,855
90$324,899,206$55,881,071$32,497,590$250,495,390
91$357,950,825$58,531,144$33,498,159$274,951,416
92$394,370,933$61,308,294$34,529,471$301,855,787
93$434,503,030$64,218,662$35,592,470$331,456,204
94$478,725,648$67,268,686$36,688,127$364,025,540
95$527,455,928$70,465,115$37,817,443$399,864,407
96$581,153,554$73,815,027$38,981,449$439,303,978
97$640,325,098$77,325,844$40,181,208$482,709,097
98$705,528,796$81,005,349$41,417,817$530,481,715
99$777,379,823$84,861,701$42,692,404$583,064,665
100$856,556,098$88,903,458$44,006,133$640,945,826