Can I retire at age 56 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$941,401$933,016$924,835$916,849$909,052$892,524
2 years$466,040$457,361$448,949$440,793$432,882$416,289
3 years$307,607$298,890$290,500$282,420$274,638$258,498
4 years$228,406$219,716$211,409$203,468$195,874$180,310
5 years$180,898$172,260$164,062$156,283$148,900$133,958
6 years$149,236$140,663$132,587$124,981$117,820$103,515
7 years$126,630$118,129$110,180$102,754$95,819$82,156
8 years$109,682$101,258$93,442$86,197$79,491$66,467
9 years$96,508$88,163$80,481$73,421$66,943$54,549
10 years$85,975$77,712$70,165$63,290$57,039$45,265
11 years$77,362$69,182$61,772$55,081$49,055$37,887
12 years$70,191$62,094$54,821$48,313$42,510$31,933
13 years$64,127$56,115$48,979$42,653$37,070$27,067
14 years$58,934$51,007$44,008$37,863$32,495$23,049
15 years$54,437$46,596$39,733$33,767$28,611$19,703
16 years$50,506$42,751$36,024$30,235$25,287$16,897
17 years$47,042$39,372$32,781$27,166$22,421$14,530
18 years$43,965$36,381$29,924$24,482$19,936$12,523
19 years$41,216$33,718$27,394$22,121$17,769$10,814
20 years$38,745$31,332$25,141$20,035$15,872$9,353
21 years$36,512$29,185$23,125$18,183$14,203$8,102
22 years$34,485$27,243$21,313$16,533$12,731$7,026
23 years$32,637$25,480$19,679$15,057$11,428$6,100
24 years$30,945$23,873$18,200$13,733$10,272$5,300
25 years$29,391$22,404$16,857$12,541$9,243$4,609
26 years$27,959$21,056$15,634$11,467$8,326$4,011
27 years$26,635$19,816$14,517$10,496$7,507$3,492
28 years$25,408$18,672$13,496$9,617$6,773$3,042
29 years$24,268$17,615$12,559$8,819$6,116$2,652
30 years$23,205$16,636$11,698$8,093$5,526$2,312
31 years$22,214$15,726$10,906$7,433$4,996$2,016
32 years$21,286$14,880$10,175$6,831$4,520$1,759
33 years$20,416$14,092$9,501$6,282$4,090$1,535
34 years$19,599$13,356$8,877$5,780$3,703$1,340
35 years$18,830$12,668$8,299$5,321$3,354$1,170
36 years$18,106$12,024$7,764$4,900$3,039$1,021
37 years$17,422$11,420$7,267$4,515$2,754$892
38 years$16,776$10,853$6,805$4,162$2,497$779
39 years$16,165$10,320$6,376$3,837$2,264$680
40 years$15,586$9,819$5,976$3,539$2,054$594
41 years$15,036$9,346$5,603$3,265$1,863$519
42 years$14,514$8,901$5,256$3,014$1,691$454
43 years$14,017$8,481$4,932$2,782$1,535$396
44 years$13,545$8,084$4,630$2,569$1,393$346
45 years$13,095$7,709$4,347$2,372$1,264$303
46 years$12,665$7,354$4,083$2,191$1,148$264
47 years$12,255$7,018$3,836$2,024$1,043$231
48 years$11,863$6,700$3,605$1,871$947$202
49 years$11,489$6,398$3,388$1,729$860$176
50 years$11,130$6,111$3,185$1,598$781$154

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $11,400,000, adding $5,534 every year, while hoping to spend $48,327 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: 64/8/28 Blend
55$11,400,000$11,400,000$11,400,000$11,400,000
56$12,568,508$11,964,308$11,787,608$13,279,012
57$13,799,077$12,499,140$12,131,074$14,295,671
58$15,153,543$13,058,558$12,484,425$15,400,276
59$16,644,495$13,643,718$12,847,944$16,606,247
60$18,285,800$14,255,827$13,221,916$17,923,550
61$20,092,740$14,896,151$13,606,639$19,363,156
62$22,082,155$15,566,018$14,002,417$20,937,140
63$24,272,599$16,266,817$14,409,562$22,658,796
64$26,684,517$17,000,004$14,828,395$24,542,758
65$29,340,438$17,767,104$15,259,247$26,605,139
66$32,265,187$18,569,717$15,702,457$28,863,680
67$35,486,120$19,409,517$16,158,372$31,337,917
68$39,033,379$20,288,258$16,627,353$34,049,359
69$42,940,180$21,207,779$17,109,765$37,021,693
70$47,243,125$22,170,006$17,605,989$40,281,006
71$51,982,546$23,176,959$18,116,412$43,856,025
72$57,202,888$24,230,752$18,641,434$47,778,390
73$62,953,125$25,333,602$19,181,465$52,082,945
74$69,287,227$26,487,831$19,736,927$56,808,071
75$76,264,662$27,695,873$20,308,252$61,996,042
76$83,950,965$28,960,279$20,895,886$67,693,419
77$92,418,352$30,283,720$21,500,286$73,951,491
78$101,746,400$31,668,999$22,121,922$80,826,755
79$112,022,802$33,119,049$22,761,276$88,381,444
80$123,344,192$34,636,947$23,418,843$96,684,115
81$135,817,060$36,225,917$24,095,134$105,810,290
82$149,558,750$37,889,337$24,790,671$115,843,166
83$164,698,575$39,630,748$25,505,991$126,874,397
84$181,379,035$41,453,859$26,241,647$139,004,956
85$199,757,159$43,362,562$26,998,206$152,346,085
86$220,005,993$45,360,930$27,776,249$167,020,339
87$242,316,226$47,453,238$28,576,375$183,162,740
88$266,897,996$49,643,961$29,399,198$200,922,047
89$293,982,870$51,937,794$30,245,350$220,462,158
90$323,826,031$54,339,654$31,115,478$241,963,648
91$356,708,688$56,854,699$32,010,248$265,625,473
92$392,940,726$59,488,331$32,930,343$291,666,842
93$432,863,636$62,246,216$33,876,466$320,329,280
94$476,853,737$65,134,290$34,849,337$351,878,903
95$525,325,724$68,158,776$35,849,696$386,608,927
96$578,736,592$71,326,200$36,878,304$424,842,425
97$637,589,938$74,643,397$37,935,941$466,935,378
98$702,440,725$78,117,538$39,023,409$513,280,023
99$773,900,516$81,756,134$40,141,530$564,308,551
100$852,643,247$85,567,063$41,291,150$620,497,183