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

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$924,886$916,647$908,609$900,764$893,104$875,071
2 years$457,864$449,337$441,073$433,060$425,287$407,199
3 years$302,211$293,647$285,403$277,466$269,820$252,240
4 years$224,399$215,861$207,700$199,898$192,438$175,502
5 years$177,725$169,238$161,184$153,541$146,288$130,044
6 years$146,618$138,195$130,261$122,788$115,753$100,218
7 years$124,408$116,056$108,247$100,951$94,138$79,316
8 years$107,758$99,482$91,802$84,685$78,097$63,983
9 years$94,815$86,617$79,069$72,133$65,769$52,354
10 years$84,467$76,348$68,934$62,179$56,038$43,310
11 years$76,005$67,969$60,689$54,115$48,195$36,137
12 years$68,959$61,005$53,860$47,466$41,764$30,360
13 years$63,002$55,131$48,120$41,905$36,419$25,648
14 years$57,900$50,112$43,236$37,199$31,925$21,767
15 years$53,482$45,778$39,036$33,175$28,109$18,543
16 years$49,620$42,001$35,392$29,704$24,843$15,846
17 years$46,216$38,681$32,205$26,689$22,028$13,577
18 years$43,194$35,743$29,399$24,052$19,586$11,659
19 years$40,493$33,126$26,914$21,733$17,457$10,031
20 years$38,065$30,783$24,700$19,684$15,593$8,644
21 years$35,871$28,673$22,719$17,864$13,954$7,459
22 years$33,880$26,765$20,939$16,243$12,508$6,444
23 years$32,064$25,033$19,334$14,793$11,228$5,572
24 years$30,402$23,454$17,881$13,492$10,092$4,823
25 years$28,875$22,010$16,561$12,321$9,081$4,178
26 years$27,468$20,686$15,359$11,266$8,180$3,621
27 years$26,168$19,468$14,263$10,312$7,375$3,140
28 years$24,962$18,345$13,259$9,448$6,655$2,724
29 years$23,842$17,306$12,339$8,664$6,009$2,365
30 years$22,798$16,344$11,493$7,951$5,429$2,053
31 years$21,824$15,450$10,715$7,303$4,909$1,783
32 years$20,912$14,619$9,997$6,711$4,440$1,549
33 years$20,058$13,845$9,334$6,172$4,018$1,346
34 years$19,255$13,122$8,721$5,679$3,638$1,170
35 years$18,500$12,446$8,154$5,227$3,295$1,017
36 years$17,788$11,813$7,628$4,814$2,986$884
37 years$17,117$11,219$7,139$4,436$2,706$769
38 years$16,482$10,662$6,686$4,089$2,453$669
39 years$15,881$10,139$6,264$3,770$2,225$582
40 years$15,312$9,646$5,871$3,477$2,018$506
41 years$14,772$9,182$5,505$3,208$1,831$440
42 years$14,259$8,745$5,164$2,961$1,661$383
43 years$13,771$8,332$4,846$2,733$1,508$333
44 years$13,307$7,942$4,549$2,524$1,368$290
45 years$12,865$7,574$4,271$2,331$1,242$252
46 years$12,443$7,225$4,011$2,153$1,128$219
47 years$12,040$6,895$3,769$1,989$1,024$191
48 years$11,655$6,582$3,541$1,838$930$166
49 years$11,287$6,286$3,329$1,698$845$145
50 years$10,935$6,004$3,130$1,570$767$126

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 $6,113 every year, while hoping to spend $26,225 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: 49/38/13 Blend
55$11,200,000$11,200,000$11,200,000$11,200,000
56$12,348,706$11,755,106$11,581,506$12,909,447
57$13,580,370$12,303,203$11,941,583$13,843,878
58$14,936,786$12,877,277$12,312,844$14,855,098
59$16,430,649$13,478,575$12,695,635$15,952,940
60$18,075,952$14,108,401$13,090,315$17,145,527
61$19,888,110$14,768,124$13,497,252$18,441,779
62$21,884,114$15,459,179$13,916,826$19,851,494
63$24,082,683$16,183,068$14,349,430$21,385,432
64$26,504,448$16,941,370$14,795,467$23,055,415
65$29,172,141$17,735,736$15,255,354$24,874,434
66$32,110,812$18,567,900$15,729,521$26,856,763
67$35,348,065$19,439,678$16,218,411$29,018,093
68$38,914,320$20,352,974$16,722,480$31,375,669
69$42,843,097$21,309,786$17,242,199$33,948,451
70$47,171,333$22,312,206$17,778,053$36,757,285
71$51,939,734$23,362,429$18,330,543$39,825,092
72$57,193,156$24,462,757$18,900,185$43,177,080
73$62,981,026$25,615,601$19,487,510$46,840,973
74$69,357,816$26,823,490$20,093,066$50,847,266
75$76,383,549$28,089,077$20,717,420$55,229,503
76$84,124,371$29,415,142$21,361,153$60,024,589
77$92,653,172$30,804,599$22,024,867$65,273,126
78$102,050,277$32,260,505$22,709,181$71,019,788
79$112,404,200$33,786,065$23,414,734$77,313,736
80$123,812,485$35,384,639$24,142,184$84,209,068
81$136,382,621$37,059,748$24,892,209$91,765,323
82$150,233,061$38,815,088$25,665,511$100,048,029
83$165,494,337$40,654,531$26,462,809$109,129,311
84$182,310,294$42,582,139$27,284,848$119,088,564
85$200,839,449$44,602,168$28,132,395$130,013,181
86$221,256,482$46,719,084$29,006,240$141,999,374
87$243,753,893$48,937,568$29,907,199$155,153,064
88$268,543,810$51,262,530$30,836,110$169,590,866
89$295,860,001$53,699,115$31,793,842$185,441,178
90$325,960,071$56,252,723$32,781,286$202,845,374
91$359,127,903$58,929,011$33,799,364$221,959,124
92$395,676,331$61,733,914$34,849,024$242,953,846
93$435,950,096$64,673,655$35,931,245$266,018,305
94$480,329,100$67,754,758$37,047,037$291,360,377
95$529,231,994$70,984,067$38,197,438$319,208,993
96$583,120,126$74,368,756$39,383,521$349,816,276
97$642,501,902$77,916,348$40,606,392$383,459,902
98$707,937,581$81,634,733$41,867,191$420,445,699
99$780,044,563$85,532,184$43,167,091$461,110,506
100$859,503,224$89,617,377$44,507,304$505,825,334