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

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$933,143$924,831$916,722$908,807$901,078$891,297
2 years$461,952$453,349$445,011$436,926$429,085$419,237
3 years$304,909$296,268$287,951$279,943$272,229$262,619
4 years$226,403$217,789$209,555$201,683$194,156$184,859
5 years$179,311$170,749$162,623$154,912$147,594$138,637
6 years$147,927$139,429$131,424$123,884$116,786$108,179
7 years$125,519$117,093$109,214$101,852$94,979$86,726
8 years$108,720$100,370$92,622$85,441$78,794$70,895
9 years$95,662$87,390$79,775$72,777$66,356$58,807
10 years$85,221$77,030$69,550$62,734$56,538$49,336
11 years$76,684$68,575$61,231$54,598$48,625$41,762
12 years$69,575$61,550$54,341$47,890$42,137$35,607
13 years$63,564$55,623$48,550$42,279$36,745$30,539
14 years$58,417$50,560$43,622$37,531$32,210$26,321
15 years$53,959$46,187$39,385$33,471$28,360$22,778
16 years$50,063$42,376$35,708$29,970$25,065$19,780
17 years$46,629$39,027$32,493$26,927$22,224$17,227
18 years$43,580$36,062$29,662$24,267$19,761$15,041
19 years$40,855$33,422$27,154$21,927$17,613$13,161
20 years$38,405$31,057$24,921$19,859$15,732$11,537
21 years$36,192$28,929$22,922$18,024$14,079$10,130
22 years$34,182$27,004$21,126$16,388$12,620$8,906
23 years$32,350$25,256$19,506$14,925$11,328$7,840
24 years$30,673$23,664$18,040$13,612$10,182$6,909
25 years$29,133$22,207$16,709$12,431$9,162$6,094
26 years$27,714$20,871$15,497$11,367$8,253$5,379
27 years$26,402$19,642$14,390$10,404$7,441$4,752
28 years$25,185$18,509$13,377$9,532$6,714$4,200
29 years$24,055$17,461$12,449$8,741$6,063$3,715
30 years$23,002$16,490$11,596$8,022$5,478$3,287
31 years$22,019$15,588$10,810$7,368$4,953$2,909
32 years$21,099$14,750$10,086$6,771$4,480$2,576
33 years$20,237$13,968$9,417$6,227$4,054$2,282
34 years$19,427$13,239$8,799$5,729$3,671$2,022
35 years$18,665$12,557$8,227$5,274$3,325$1,792
36 years$17,947$11,918$7,696$4,857$3,012$1,589
37 years$17,269$11,320$7,203$4,475$2,730$1,409
38 years$16,629$10,758$6,745$4,125$2,475$1,250
39 years$16,023$10,229$6,320$3,803$2,245$1,108
40 years$15,449$9,732$5,923$3,508$2,036$983
41 years$14,904$9,264$5,554$3,237$1,847$872
42 years$14,387$8,823$5,210$2,987$1,676$774
43 years$13,894$8,407$4,889$2,757$1,521$687
44 years$13,426$8,013$4,589$2,546$1,381$610
45 years$12,980$7,641$4,309$2,351$1,253$541
46 years$12,554$7,290$4,047$2,172$1,138$480
47 years$12,148$6,956$3,802$2,007$1,033$426
48 years$11,759$6,641$3,573$1,854$938$378
49 years$11,388$6,342$3,358$1,714$852$336
50 years$11,033$6,058$3,157$1,584$774$298

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 $6,227 every year, while hoping to spend $46,524 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: 32/49/19 Blend
55$11,300,000$11,300,000$11,300,000$11,300,000
56$12,459,023$11,860,123$11,684,973$12,783,887
57$13,680,342$12,391,768$12,026,919$13,558,514
58$15,024,677$12,947,904$12,378,760$14,387,627
59$16,504,525$13,529,683$12,740,779$15,279,710
60$18,133,659$14,138,309$13,113,268$16,240,296
61$19,927,252$14,775,047$13,496,523$17,275,444
62$21,902,028$15,441,220$13,890,852$18,391,792
63$24,076,409$16,138,214$14,296,570$19,596,612
64$26,470,699$16,867,483$14,714,002$20,897,873
65$29,107,270$17,630,549$15,143,480$22,304,313
66$32,010,772$18,429,007$15,585,347$23,825,513
67$35,208,370$19,264,527$16,039,956$25,471,979
68$38,729,997$20,138,862$16,507,667$27,255,238
69$42,608,637$21,053,846$16,988,854$29,187,939
70$46,880,635$22,011,402$17,483,898$31,283,962
71$51,586,044$23,013,545$17,993,192$33,558,543
72$56,768,997$24,062,385$18,517,141$36,028,411
73$62,478,129$25,160,136$19,056,159$38,711,935
74$68,767,030$26,309,116$19,610,673$41,629,289
75$75,694,758$27,511,753$20,181,122$44,802,633
76$83,326,390$28,770,595$20,767,955$48,256,314
77$91,733,636$30,088,309$21,371,637$52,017,083
78$100,995,523$31,467,692$21,992,642$56,114,338
79$111,199,131$32,911,674$22,631,461$60,580,389
80$122,440,422$34,423,326$23,288,594$65,450,755
81$134,825,143$36,005,866$23,964,560$70,764,481
82$148,469,823$37,662,669$24,659,888$76,564,499
83$163,502,875$39,397,269$25,375,124$82,898,017
84$180,065,805$41,213,373$26,110,828$89,816,951
85$198,314,552$43,114,863$26,867,576$97,378,399
86$218,420,955$45,105,810$27,645,958$105,645,169
87$240,574,379$47,190,481$28,446,584$114,686,351
88$264,983,498$49,373,346$29,270,076$124,577,951
89$291,878,268$51,659,094$30,117,078$135,403,599
90$321,512,099$54,052,637$30,988,247$147,255,310
91$354,164,241$56,559,125$31,884,262$160,234,341
92$390,142,426$59,183,954$32,805,817$174,452,119
93$429,785,769$61,932,783$33,753,627$190,031,281
94$473,467,970$64,811,542$34,728,426$207,106,800
95$521,600,844$67,826,448$35,730,969$225,827,243
96$574,638,203$70,984,018$36,762,030$246,356,143
97$633,080,147$74,291,082$37,822,405$268,873,524
98$697,477,777$77,754,800$38,912,911$293,577,567
99$768,438,405$81,382,680$40,034,388$320,686,459
100$846,631,281$85,182,589$41,187,698$350,440,417