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%18.6%
1 years$941,401$933,016$924,835$916,849$909,052$877,496
2 years$466,040$457,361$448,949$440,793$432,882$401,416
3 years$307,607$298,890$290,500$282,420$274,638$244,251
4 years$228,406$219,716$211,409$203,468$195,874$166,798
5 years$180,898$172,260$164,062$156,283$148,900$121,212
6 years$149,236$140,663$132,587$124,981$117,820$91,541
7 years$126,630$118,129$110,180$102,754$95,819$70,944
8 years$109,682$101,258$93,442$86,197$79,491$56,001
9 years$96,508$88,163$80,481$73,421$66,943$44,807
10 years$85,975$77,712$70,165$63,290$57,039$36,220
11 years$77,362$69,182$61,772$55,081$49,055$29,513
12 years$70,191$62,094$54,821$48,313$42,510$24,198
13 years$64,127$56,115$48,979$42,653$37,070$19,940
14 years$58,934$51,007$44,008$37,863$32,495$16,496
15 years$54,437$46,596$39,733$33,767$28,611$13,692
16 years$50,506$42,751$36,024$30,235$25,287$11,395
17 years$47,042$39,372$32,781$27,166$22,421$9,504
18 years$43,965$36,381$29,924$24,482$19,936$7,941
19 years$41,216$33,718$27,394$22,121$17,769$6,645
20 years$38,745$31,332$25,141$20,035$15,872$5,567
21 years$36,512$29,185$23,125$18,183$14,203$4,669
22 years$34,485$27,243$21,313$16,533$12,731$3,919
23 years$32,637$25,480$19,679$15,057$11,428$3,292
24 years$30,945$23,873$18,200$13,733$10,272$2,767
25 years$29,391$22,404$16,857$12,541$9,243$2,327
26 years$27,959$21,056$15,634$11,467$8,326$1,958
27 years$26,635$19,816$14,517$10,496$7,507$1,648
28 years$25,408$18,672$13,496$9,617$6,773$1,387
29 years$24,268$17,615$12,559$8,819$6,116$1,168
30 years$23,205$16,636$11,698$8,093$5,526$984
31 years$22,214$15,726$10,906$7,433$4,996$829
32 years$21,286$14,880$10,175$6,831$4,520$698
33 years$20,416$14,092$9,501$6,282$4,090$588
34 years$19,599$13,356$8,877$5,780$3,703$496
35 years$18,830$12,668$8,299$5,321$3,354$418
36 years$18,106$12,024$7,764$4,900$3,039$352
37 years$17,422$11,420$7,267$4,515$2,754$297
38 years$16,776$10,853$6,805$4,162$2,497$250
39 years$16,165$10,320$6,376$3,837$2,264$211
40 years$15,586$9,819$5,976$3,539$2,054$178
41 years$15,036$9,346$5,603$3,265$1,863$150
42 years$14,514$8,901$5,256$3,014$1,691$126
43 years$14,017$8,481$4,932$2,782$1,535$107
44 years$13,545$8,084$4,630$2,569$1,393$90
45 years$13,095$7,709$4,347$2,372$1,264$76
46 years$12,665$7,354$4,083$2,191$1,148$64
47 years$12,255$7,018$3,836$2,024$1,043$54
48 years$11,863$6,700$3,605$1,871$947$45
49 years$11,489$6,398$3,388$1,729$860$38
50 years$11,130$6,111$3,185$1,598$781$32

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 $3,911 every year, while hoping to spend $30,377 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: 76/18/6 Blend
55$11,400,000$11,400,000$11,400,000$11,400,000
56$12,566,834$11,962,634$11,785,934$13,514,249
57$13,816,330$12,516,482$12,148,442$14,690,996
58$15,192,257$13,096,451$12,522,076$15,976,130
59$16,707,478$13,703,788$12,907,176$17,383,809
60$18,376,168$14,339,801$13,304,094$18,926,171
61$20,213,948$15,005,862$13,713,192$20,616,580
62$22,238,028$15,703,406$14,134,841$22,469,747
63$24,467,376$16,433,942$14,569,427$24,501,863
64$26,922,890$17,199,048$15,017,345$26,730,757
65$29,627,603$18,000,378$15,479,004$29,176,054
66$32,606,891$18,839,669$15,954,823$31,859,363
67$35,888,720$19,718,740$16,445,236$34,804,476
68$39,503,908$20,639,497$16,950,690$38,037,592
69$43,486,413$21,603,938$17,471,644$41,587,556
70$47,873,656$22,614,160$18,008,574$45,486,136
71$52,706,875$23,672,360$18,561,966$49,768,312
72$58,031,510$24,780,839$19,132,326$54,472,611
73$63,897,637$25,942,013$19,720,172$59,641,458
74$70,360,436$27,158,412$20,326,038$65,321,579
75$77,480,716$28,432,690$20,950,476$71,564,439
76$85,325,485$29,767,628$21,594,053$78,426,718
77$93,968,585$31,166,142$22,257,354$85,970,849
78$103,491,389$32,631,291$22,940,983$94,265,596
79$113,983,566$34,166,279$23,645,561$103,386,703
80$125,543,930$35,774,468$24,371,729$113,417,606
81$138,281,374$37,459,380$25,120,144$124,450,208
82$152,315,894$39,224,709$25,891,489$136,585,749
83$167,779,724$41,074,329$26,686,463$149,935,753
84$184,818,585$43,012,300$27,505,789$164,623,075
85$203,593,057$45,042,880$28,350,209$180,783,055
86$224,280,100$47,170,531$29,220,492$198,564,791
87$247,074,718$49,399,935$30,117,426$218,132,536
88$272,191,805$51,735,998$31,041,826$239,667,244
89$299,868,173$54,183,866$31,994,531$263,368,275
90$330,364,784$56,748,932$32,976,405$289,455,260
91$363,969,215$59,436,853$33,988,338$318,170,177
92$400,998,376$62,253,560$35,031,248$349,779,620
93$441,801,498$65,205,272$36,106,082$384,577,309
94$486,763,428$68,298,507$37,213,813$422,886,855
95$536,308,267$71,540,104$38,355,445$465,064,803
96$590,903,372$74,937,230$39,532,014$511,503,991
97$651,063,764$78,497,403$40,744,585$562,637,248
98$717,356,997$82,228,504$41,994,258$618,941,466
99$790,408,508$86,138,799$43,282,163$680,942,093
100$870,907,527$90,236,952$44,609,467$749,218,083