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%16.8%
1 years$933,143$924,831$916,722$908,807$901,078$876,098
2 years$461,952$453,349$445,011$436,926$429,085$404,104
3 years$304,909$296,268$287,951$279,943$272,229$248,030
4 years$226,403$217,789$209,555$201,683$194,156$170,925
5 years$179,311$170,749$162,623$154,912$147,594$125,394
6 years$147,927$139,429$131,424$123,884$116,786$95,638
7 years$125,519$117,093$109,214$101,852$94,979$74,883
8 years$108,720$100,370$92,622$85,441$78,794$59,741
9 years$95,662$87,390$79,775$72,777$66,356$48,327
10 years$85,221$77,030$69,550$62,734$56,538$39,510
11 years$76,684$68,575$61,231$54,598$48,625$32,569
12 years$69,575$61,550$54,341$47,890$42,137$27,024
13 years$63,564$55,623$48,550$42,279$36,745$22,542
14 years$58,417$50,560$43,622$37,531$32,210$18,884
15 years$53,959$46,187$39,385$33,471$28,360$15,875
16 years$50,063$42,376$35,708$29,970$25,065$13,384
17 years$46,629$39,027$32,493$26,927$22,224$11,311
18 years$43,580$36,062$29,662$24,267$19,761$9,578
19 years$40,855$33,422$27,154$21,927$17,613$8,124
20 years$38,405$31,057$24,921$19,859$15,732$6,901
21 years$36,192$28,929$22,922$18,024$14,079$5,869
22 years$34,182$27,004$21,126$16,388$12,620$4,996
23 years$32,350$25,256$19,506$14,925$11,328$4,257
24 years$30,673$23,664$18,040$13,612$10,182$3,629
25 years$29,133$22,207$16,709$12,431$9,162$3,096
26 years$27,714$20,871$15,497$11,367$8,253$2,643
27 years$26,402$19,642$14,390$10,404$7,441$2,257
28 years$25,185$18,509$13,377$9,532$6,714$1,928
29 years$24,055$17,461$12,449$8,741$6,063$1,648
30 years$23,002$16,490$11,596$8,022$5,478$1,408
31 years$22,019$15,588$10,810$7,368$4,953$1,204
32 years$21,099$14,750$10,086$6,771$4,480$1,030
33 years$20,237$13,968$9,417$6,227$4,054$881
34 years$19,427$13,239$8,799$5,729$3,671$753
35 years$18,665$12,557$8,227$5,274$3,325$645
36 years$17,947$11,918$7,696$4,857$3,012$551
37 years$17,269$11,320$7,203$4,475$2,730$472
38 years$16,629$10,758$6,745$4,125$2,475$404
39 years$16,023$10,229$6,320$3,803$2,245$346
40 years$15,449$9,732$5,923$3,508$2,036$296
41 years$14,904$9,264$5,554$3,237$1,847$253
42 years$14,387$8,823$5,210$2,987$1,676$217
43 years$13,894$8,407$4,889$2,757$1,521$186
44 years$13,426$8,013$4,589$2,546$1,381$159
45 years$12,980$7,641$4,309$2,351$1,253$136
46 years$12,554$7,290$4,047$2,172$1,138$116
47 years$12,148$6,956$3,802$2,007$1,033$100
48 years$11,759$6,641$3,573$1,854$938$85
49 years$11,388$6,342$3,358$1,714$852$73
50 years$11,033$6,058$3,157$1,584$774$63

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 $5,617 every year, while hoping to spend $23,625 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: 44/36/20 Blend
55$11,300,000$11,300,000$11,300,000$11,300,000
56$12,458,394$11,859,494$11,684,344$12,934,198
57$13,704,013$12,415,472$12,050,633$13,825,987
58$15,075,894$12,997,902$12,428,400$14,789,272
59$16,586,890$13,608,054$12,818,006$15,832,930
60$18,251,165$14,247,260$13,219,822$16,964,407
61$20,084,327$14,916,919$13,634,229$18,191,879
62$22,103,575$15,618,495$14,061,622$19,524,319
63$24,327,861$16,353,523$14,502,409$20,971,582
64$26,778,072$17,123,614$14,957,008$22,544,488
65$29,477,220$17,930,456$15,425,852$24,254,925
66$32,450,666$18,775,818$15,909,388$26,115,949
67$35,726,357$19,661,556$16,408,075$28,141,908
68$39,335,088$20,589,616$16,922,389$30,348,565
69$43,310,797$21,562,037$17,452,819$32,753,249
70$47,690,879$22,580,957$17,999,869$35,375,003
71$52,516,544$23,648,620$18,564,060$38,234,764
72$57,833,205$24,767,376$19,145,930$41,355,550
73$63,690,905$25,939,690$19,746,031$44,762,673
74$70,144,789$27,168,146$20,364,935$48,483,964
75$77,255,628$28,455,456$21,003,231$52,550,036
76$85,090,389$29,804,460$21,661,525$56,994,558
77$93,722,868$31,218,138$22,340,446$61,854,567
78$103,234,387$32,699,614$23,040,638$67,170,809
79$113,714,563$34,252,163$23,762,768$72,988,111
80$125,262,150$35,879,221$24,507,522$79,355,796
81$137,985,975$37,584,388$25,275,610$86,328,139
82$152,005,964$39,371,442$26,067,762$93,964,868
83$167,454,272$41,244,343$26,884,732$102,331,712
84$184,476,534$43,207,242$27,727,296$111,501,017
85$203,233,237$45,264,494$28,596,258$121,552,408
86$223,901,237$47,420,664$29,492,442$132,573,536
87$246,675,427$49,680,540$30,416,703$144,660,885
88$271,770,577$52,049,143$31,369,918$157,920,668
89$299,423,360$54,531,736$32,352,996$172,469,822
90$329,894,592$57,133,839$33,366,870$188,437,087
91$363,471,686$59,861,243$34,412,505$205,964,210
92$400,471,370$62,720,016$35,490,897$225,207,265
93$441,242,678$65,716,525$36,603,070$246,338,107
94$486,170,241$68,857,445$37,750,082$269,545,975
95$535,677,921$72,149,775$38,933,025$295,039,262
96$590,232,811$75,600,856$40,153,024$323,047,455
97$650,349,646$79,218,386$41,411,238$353,823,286
98$716,595,660$83,010,437$42,708,865$387,645,093
99$789,595,943$86,985,475$44,047,138$424,819,420
100$870,039,343$91,152,376$45,427,331$465,683,892