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

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$941,401$933,016$924,835$916,849$909,052$875,753
2 years$466,040$457,361$448,949$440,793$432,882$399,705
3 years$307,607$298,890$290,500$282,420$274,638$242,626
4 years$228,406$219,716$211,409$203,468$195,874$165,271
5 years$180,898$172,260$164,062$156,283$148,900$119,786
6 years$149,236$140,663$132,587$124,981$117,820$90,215
7 years$126,630$118,129$110,180$102,754$95,819$69,717
8 years$109,682$101,258$93,442$86,197$79,491$54,869
9 years$96,508$88,163$80,481$73,421$66,943$43,767
10 years$85,975$77,712$70,165$63,290$57,039$35,269
11 years$77,362$69,182$61,772$55,081$49,055$28,644
12 years$70,191$62,094$54,821$48,313$42,510$23,408
13 years$64,127$56,115$48,979$42,653$37,070$19,222
14 years$58,934$51,007$44,008$37,863$32,495$15,848
15 years$54,437$46,596$39,733$33,767$28,611$13,107
16 years$50,506$42,751$36,024$30,235$25,287$10,868
17 years$47,042$39,372$32,781$27,166$22,421$9,031
18 years$43,965$36,381$29,924$24,482$19,936$7,518
19 years$41,216$33,718$27,394$22,121$17,769$6,267
20 years$38,745$31,332$25,141$20,035$15,872$5,231
21 years$36,512$29,185$23,125$18,183$14,203$4,370
22 years$34,485$27,243$21,313$16,533$12,731$3,654
23 years$32,637$25,480$19,679$15,057$11,428$3,057
24 years$30,945$23,873$18,200$13,733$10,272$2,559
25 years$29,391$22,404$16,857$12,541$9,243$2,144
26 years$27,959$21,056$15,634$11,467$8,326$1,796
27 years$26,635$19,816$14,517$10,496$7,507$1,506
28 years$25,408$18,672$13,496$9,617$6,773$1,262
29 years$24,268$17,615$12,559$8,819$6,116$1,059
30 years$23,205$16,636$11,698$8,093$5,526$888
31 years$22,214$15,726$10,906$7,433$4,996$745
32 years$21,286$14,880$10,175$6,831$4,520$625
33 years$20,416$14,092$9,501$6,282$4,090$524
34 years$19,599$13,356$8,877$5,780$3,703$440
35 years$18,830$12,668$8,299$5,321$3,354$369
36 years$18,106$12,024$7,764$4,900$3,039$310
37 years$17,422$11,420$7,267$4,515$2,754$260
38 years$16,776$10,853$6,805$4,162$2,497$218
39 years$16,165$10,320$6,376$3,837$2,264$183
40 years$15,586$9,819$5,976$3,539$2,054$154
41 years$15,036$9,346$5,603$3,265$1,863$129
42 years$14,514$8,901$5,256$3,014$1,691$108
43 years$14,017$8,481$4,932$2,782$1,535$91
44 years$13,545$8,084$4,630$2,569$1,393$76
45 years$13,095$7,709$4,347$2,372$1,264$64
46 years$12,665$7,354$4,083$2,191$1,148$54
47 years$12,255$7,018$3,836$2,024$1,043$45
48 years$11,863$6,700$3,605$1,871$947$38
49 years$11,489$6,398$3,388$1,729$860$32
50 years$11,130$6,111$3,185$1,598$781$27

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 $2,366 every year, while hoping to spend $24,296 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: 40/44/16 Blend
55$11,400,000$11,400,000$11,400,000$11,400,000
56$12,565,241$11,961,041$11,784,341$13,007,989
57$13,821,044$12,521,281$12,153,265$13,883,053
58$15,204,126$13,108,158$12,533,735$14,826,564
59$16,727,442$13,722,953$12,926,110$15,846,747
60$18,405,269$14,367,007$13,330,763$16,950,574
61$20,253,342$15,041,725$13,748,078$18,145,695
62$22,288,995$15,748,582$14,178,452$19,440,498
63$24,531,335$16,489,125$14,622,292$20,844,184
64$27,001,413$17,264,973$15,080,020$22,366,851
65$29,722,426$18,077,827$15,552,071$24,019,581
66$32,719,940$18,929,466$16,038,891$25,814,539
67$36,022,123$19,821,759$16,540,943$27,765,081
68$39,660,019$20,756,665$17,058,704$29,885,872
69$43,667,834$21,736,235$17,592,664$32,193,021
70$48,083,266$22,762,623$18,143,331$34,704,221
71$52,947,852$23,838,085$18,711,226$37,438,911
72$58,307,370$24,964,988$19,296,889$40,418,449
73$64,212,262$26,145,812$19,900,874$43,666,310
74$70,718,115$27,383,159$20,523,756$47,208,290
75$77,886,185$28,679,757$21,166,125$51,072,749
76$85,783,976$30,038,465$21,828,589$55,290,861
77$94,485,873$31,462,281$22,511,779$59,896,906
78$104,073,850$32,954,350$23,216,341$64,928,575
79$114,638,238$34,517,969$23,942,944$70,427,318
80$126,278,583$36,156,595$24,692,278$76,438,725
81$139,104,582$37,873,851$25,465,052$83,012,940
82$153,237,118$39,673,538$26,262,000$90,205,125
83$168,809,405$41,559,642$27,083,878$98,075,965
84$185,968,241$43,536,342$27,931,465$106,692,226
85$204,875,397$45,608,018$28,805,564$116,127,372
86$225,709,142$47,779,266$29,707,006$126,462,242
87$248,665,928$50,054,904$30,636,644$137,785,797
88$273,962,242$52,439,982$31,595,360$150,195,942
89$301,836,649$54,939,801$32,584,064$163,800,433
90$332,552,050$57,559,913$33,603,692$178,717,875
91$366,398,155$60,306,145$34,655,212$195,078,822
92$403,694,225$63,184,604$35,739,620$213,026,987
93$444,792,084$66,201,697$36,857,945$232,720,582
94$490,079,437$69,364,141$38,011,246$254,333,783
95$539,983,534$72,678,979$39,200,618$278,058,355
96$594,975,204$76,153,598$40,427,188$304,105,433
97$655,573,294$79,795,744$41,692,118$332,707,493
98$722,349,574$83,613,540$42,996,608$364,120,520
99$795,934,131$87,615,503$44,341,895$398,626,392
100$877,021,316$91,810,567$45,729,252$436,535,514