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%11%
1 years$933,143$924,831$916,722$908,807$901,078$897,281
2 years$461,952$453,349$445,011$436,926$429,085$425,252
3 years$304,909$296,268$287,951$279,943$272,229$268,478
4 years$226,403$217,789$209,555$201,683$194,156$190,516
5 years$179,311$170,749$162,623$154,912$147,594$144,077
6 years$147,927$139,429$131,424$123,884$116,786$113,395
7 years$125,519$117,093$109,214$101,852$94,979$91,716
8 years$108,720$100,370$92,622$85,441$78,794$75,660
9 years$95,662$87,390$79,775$72,777$66,356$63,350
10 years$85,221$77,030$69,550$62,734$56,538$53,659
11 years$76,684$68,575$61,231$54,598$48,625$45,870
12 years$69,575$61,550$54,341$47,890$42,137$39,505
13 years$63,564$55,623$48,550$42,279$36,745$34,232
14 years$58,417$50,560$43,622$37,531$32,210$29,815
15 years$53,959$46,187$39,385$33,471$28,360$26,080
16 years$50,063$42,376$35,708$29,970$25,065$22,896
17 years$46,629$39,027$32,493$26,927$22,224$20,163
18 years$43,580$36,062$29,662$24,267$19,761$17,805
19 years$40,855$33,422$27,154$21,927$17,613$15,759
20 years$38,405$31,057$24,921$19,859$15,732$13,976
21 years$36,192$28,929$22,922$18,024$14,079$12,417
22 years$34,182$27,004$21,126$16,388$12,620$11,048
23 years$32,350$25,256$19,506$14,925$11,328$9,844
24 years$30,673$23,664$18,040$13,612$10,182$8,782
25 years$29,133$22,207$16,709$12,431$9,162$7,842
26 years$27,714$20,871$15,497$11,367$8,253$7,010
27 years$26,402$19,642$14,390$10,404$7,441$6,271
28 years$25,185$18,509$13,377$9,532$6,714$5,614
29 years$24,055$17,461$12,449$8,741$6,063$5,030
30 years$23,002$16,490$11,596$8,022$5,478$4,508
31 years$22,019$15,588$10,810$7,368$4,953$4,043
32 years$21,099$14,750$10,086$6,771$4,480$3,628
33 years$20,237$13,968$9,417$6,227$4,054$3,257
34 years$19,427$13,239$8,799$5,729$3,671$2,924
35 years$18,665$12,557$8,227$5,274$3,325$2,627
36 years$17,947$11,918$7,696$4,857$3,012$2,360
37 years$17,269$11,320$7,203$4,475$2,730$2,121
38 years$16,629$10,758$6,745$4,125$2,475$1,907
39 years$16,023$10,229$6,320$3,803$2,245$1,715
40 years$15,449$9,732$5,923$3,508$2,036$1,542
41 years$14,904$9,264$5,554$3,237$1,847$1,387
42 years$14,387$8,823$5,210$2,987$1,676$1,248
43 years$13,894$8,407$4,889$2,757$1,521$1,123
44 years$13,426$8,013$4,589$2,546$1,381$1,010
45 years$12,980$7,641$4,309$2,351$1,253$909
46 years$12,554$7,290$4,047$2,172$1,138$819
47 years$12,148$6,956$3,802$2,007$1,033$737
48 years$11,759$6,641$3,573$1,854$938$663
49 years$11,388$6,342$3,358$1,714$852$597
50 years$11,033$6,058$3,157$1,584$774$538

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 $2,840 every year, while hoping to spend $46,374 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: 75/18/7 Blend
55$11,300,000$11,300,000$11,300,000$11,300,000
56$12,455,529$11,856,629$11,681,479$13,378,104
57$13,676,652$12,388,263$12,023,467$14,517,068
58$15,020,775$12,944,392$12,375,358$15,758,587
59$16,500,394$13,526,168$12,737,433$17,117,679
60$18,129,282$14,134,797$13,109,984$18,605,973
61$19,922,610$14,771,544$13,493,310$20,236,271
62$21,897,098$15,437,731$13,887,718$22,022,662
63$24,071,169$16,134,747$14,293,524$23,980,659
64$26,465,123$16,864,044$14,711,051$26,127,338
65$29,101,329$17,627,146$15,140,635$28,481,499
66$32,004,437$18,425,648$15,582,618$31,063,841
67$35,201,606$19,261,222$16,037,353$33,897,152
68$38,722,768$20,135,619$16,505,202$37,006,528
69$42,600,901$21,050,676$16,986,537$40,419,600
70$46,872,350$22,008,316$17,481,743$44,166,797
71$51,577,160$23,010,553$17,991,211$48,281,627
72$56,759,461$24,059,501$18,515,348$52,800,990
73$62,467,882$25,157,373$19,054,568$57,765,527
74$68,756,009$26,306,487$19,609,299$63,219,996
75$75,682,892$27,509,275$20,179,981$69,213,691
76$83,313,600$28,768,283$20,767,064$75,800,908
77$91,719,839$30,086,181$21,371,012$83,041,449
78$100,980,624$31,465,765$21,992,303$91,001,182
79$111,183,029$32,909,969$22,631,425$99,752,662
80$122,423,003$34,421,863$23,288,884$109,375,810
81$134,806,283$36,004,668$23,965,195$119,958,662
82$148,449,386$37,661,758$24,660,891$131,598,195
83$163,480,711$39,396,671$25,376,518$144,401,239
84$180,041,749$41,213,114$26,112,637$158,485,478
85$198,288,422$43,114,972$26,869,826$173,980,556
86$218,392,553$45,106,317$27,648,676$191,029,296
87$240,543,484$47,191,417$28,449,797$209,789,041
88$264,949,869$49,374,746$29,273,815$230,433,133
89$291,841,640$51,660,993$30,121,373$253,152,544
90$321,472,179$54,055,073$30,993,130$278,157,670
91$354,120,707$56,562,138$31,889,766$305,680,309
92$390,094,924$59,187,587$32,811,978$335,975,845
93$429,733,909$61,937,082$33,760,482$369,325,648
94$473,411,323$64,816,555$34,736,014$406,039,724
95$521,538,937$67,832,225$35,739,330$446,459,631
96$574,570,518$70,990,613$36,771,206$490,961,692
97$633,006,109$74,298,551$37,832,440$539,960,545
98$697,396,757$77,763,205$38,923,851$593,913,041
99$768,349,708$81,392,084$40,046,282$653,322,548
100$846,534,142$85,193,060$41,200,596$718,743,693