Can I retire at age 56 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$933,143$924,831$916,722$908,807$901,078$878,225
2 years$461,952$453,349$445,011$436,926$429,085$406,210
3 years$304,909$296,268$287,951$279,943$272,229$250,047
4 years$226,403$217,789$209,555$201,683$194,156$172,837
5 years$179,311$170,749$162,623$154,912$147,594$127,198
6 years$147,927$139,429$131,424$123,884$116,786$97,333
7 years$125,519$117,093$109,214$101,852$94,979$76,470
8 years$108,720$100,370$92,622$85,441$78,794$61,221
9 years$95,662$87,390$79,775$72,777$66,356$49,704
10 years$85,221$77,030$69,550$62,734$56,538$40,788
11 years$76,684$68,575$61,231$54,598$48,625$33,753
12 years$69,575$61,550$54,341$47,890$42,137$28,117
13 years$63,564$55,623$48,550$42,279$36,745$23,548
14 years$58,417$50,560$43,622$37,531$32,210$19,808
15 years$53,959$46,187$39,385$33,471$28,360$16,722
16 years$50,063$42,376$35,708$29,970$25,065$14,159
17 years$46,629$39,027$32,493$26,927$22,224$12,018
18 years$43,580$36,062$29,662$24,267$19,761$10,222
19 years$40,855$33,422$27,154$21,927$17,613$8,710
20 years$38,405$31,057$24,921$19,859$15,732$7,432
21 years$36,192$28,929$22,922$18,024$14,079$6,350
22 years$34,182$27,004$21,126$16,388$12,620$5,431
23 years$32,350$25,256$19,506$14,925$11,328$4,649
24 years$30,673$23,664$18,040$13,612$10,182$3,983
25 years$29,133$22,207$16,709$12,431$9,162$3,414
26 years$27,714$20,871$15,497$11,367$8,253$2,928
27 years$26,402$19,642$14,390$10,404$7,441$2,513
28 years$25,185$18,509$13,377$9,532$6,714$2,157
29 years$24,055$17,461$12,449$8,741$6,063$1,853
30 years$23,002$16,490$11,596$8,022$5,478$1,591
31 years$22,019$15,588$10,810$7,368$4,953$1,367
32 years$21,099$14,750$10,086$6,771$4,480$1,175
33 years$20,237$13,968$9,417$6,227$4,054$1,010
34 years$19,427$13,239$8,799$5,729$3,671$868
35 years$18,665$12,557$8,227$5,274$3,325$747
36 years$17,947$11,918$7,696$4,857$3,012$642
37 years$17,269$11,320$7,203$4,475$2,730$552
38 years$16,629$10,758$6,745$4,125$2,475$475
39 years$16,023$10,229$6,320$3,803$2,245$409
40 years$15,449$9,732$5,923$3,508$2,036$352
41 years$14,904$9,264$5,554$3,237$1,847$302
42 years$14,387$8,823$5,210$2,987$1,676$260
43 years$13,894$8,407$4,889$2,757$1,521$224
44 years$13,426$8,013$4,589$2,546$1,381$193
45 years$12,980$7,641$4,309$2,351$1,253$166
46 years$12,554$7,290$4,047$2,172$1,138$143
47 years$12,148$6,956$3,802$2,007$1,033$123
48 years$11,759$6,641$3,573$1,854$938$106
49 years$11,388$6,342$3,358$1,714$852$91
50 years$11,033$6,058$3,157$1,584$774$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $11,300,000, adding $3,522 every year, while hoping to spend $39,225 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: 56/21/23 Blend
55$11,300,000$11,300,000$11,300,000$11,300,000
56$12,456,233$11,857,333$11,682,183$13,075,683
57$13,685,034$12,396,607$12,031,801$14,039,311
58$15,037,857$12,960,991$12,391,817$15,084,170
59$16,527,313$13,551,674$12,762,537$16,221,688
60$18,167,294$14,169,901$13,144,277$17,460,789
61$19,973,111$14,816,979$13,537,363$18,811,286
62$21,961,632$15,494,275$13,942,129$20,283,971
63$24,151,448$16,203,224$14,358,919$21,890,713
64$26,563,041$16,945,327$14,788,088$23,644,568
65$29,218,983$17,722,161$15,230,002$25,559,899
66$32,144,147$18,535,374$15,685,034$27,652,509
67$35,365,939$19,386,696$16,153,572$29,939,783
68$38,914,562$20,277,941$16,636,013$32,440,855
69$42,823,295$21,211,008$17,132,767$35,176,777
70$47,128,811$22,187,887$17,644,255$38,170,721
71$51,871,522$23,210,666$18,170,910$41,448,187
72$57,095,960$24,281,532$18,713,179$45,037,246
73$62,851,198$25,402,777$19,271,520$48,968,795
74$69,191,311$26,576,803$19,846,406$53,276,847
75$76,175,888$27,806,130$20,438,324$57,998,846
76$83,870,594$29,093,395$21,047,773$63,176,017
77$92,347,790$30,441,368$21,675,269$68,853,746
78$101,687,215$31,852,946$22,321,342$75,082,007
79$111,976,741$33,331,170$22,986,536$81,915,827
80$123,313,197$34,879,225$23,671,414$89,415,796
81$135,803,289$36,500,453$24,376,552$97,648,638
82$149,564,603$38,198,354$25,102,545$106,687,830
83$164,726,716$39,976,597$25,850,004$116,614,292
84$181,432,420$41,839,029$26,619,558$127,517,140
85$199,839,069$43,789,684$27,411,855$139,494,522
86$220,120,063$45,832,787$28,227,561$152,654,537
87$242,466,487$47,972,771$29,067,362$167,116,246
88$267,088,913$50,214,281$29,931,963$183,010,790
89$294,219,387$52,562,186$30,822,089$200,482,615
90$324,113,624$55,021,592$31,738,488$219,690,827
91$357,053,414$57,597,851$32,681,928$240,810,690
92$393,349,289$60,296,572$33,653,199$264,035,261
93$433,343,450$63,123,638$34,653,115$289,577,210
94$477,413,001$66,085,216$35,682,514$317,670,811
95$525,973,505$69,187,768$36,742,255$348,574,148
96$579,482,907$72,438,074$37,833,226$382,571,530
97$638,445,862$75,843,239$38,956,338$419,976,173
98$703,418,493$79,410,710$40,112,528$461,133,135
99$775,013,644$83,148,299$41,302,762$506,422,565
100$853,906,664$87,064,194$42,528,033$556,263,274