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%12.1%
1 years$941,401$933,016$924,835$916,849$909,052$901,059
2 years$466,040$457,361$448,949$440,793$432,882$424,827
3 years$307,607$298,890$290,500$282,420$274,638$266,772
4 years$228,406$219,716$211,409$203,468$195,874$188,257
5 years$180,898$172,260$164,062$156,283$148,900$141,554
6 years$149,236$140,663$132,587$124,981$117,820$110,754
7 years$126,630$118,129$110,180$102,754$95,819$89,036
8 years$109,682$101,258$93,442$86,197$79,491$72,992
9 years$96,508$88,163$80,481$73,421$66,943$60,725
10 years$85,975$77,712$70,165$63,290$57,039$51,098
11 years$77,362$69,182$61,772$55,081$49,055$43,388
12 years$70,191$62,094$54,821$48,313$42,510$37,111
13 years$64,127$56,115$48,979$42,653$37,070$31,932
14 years$58,934$51,007$44,008$37,863$32,495$27,612
15 years$54,437$46,596$39,733$33,767$28,611$23,976
16 years$50,506$42,751$36,024$30,235$25,287$20,892
17 years$47,042$39,372$32,781$27,166$22,421$18,260
18 years$43,965$36,381$29,924$24,482$19,936$15,999
19 years$41,216$33,718$27,394$22,121$17,769$14,050
20 years$38,745$31,332$25,141$20,035$15,872$12,361
21 years$36,512$29,185$23,125$18,183$14,203$10,894
22 years$34,485$27,243$21,313$16,533$12,731$9,614
23 years$32,637$25,480$19,679$15,057$11,428$8,496
24 years$30,945$23,873$18,200$13,733$10,272$7,515
25 years$29,391$22,404$16,857$12,541$9,243$6,655
26 years$27,959$21,056$15,634$11,467$8,326$5,898
27 years$26,635$19,816$14,517$10,496$7,507$5,230
28 years$25,408$18,672$13,496$9,617$6,773$4,642
29 years$24,268$17,615$12,559$8,819$6,116$4,122
30 years$23,205$16,636$11,698$8,093$5,526$3,662
31 years$22,214$15,726$10,906$7,433$4,996$3,255
32 years$21,286$14,880$10,175$6,831$4,520$2,894
33 years$20,416$14,092$9,501$6,282$4,090$2,574
34 years$19,599$13,356$8,877$5,780$3,703$2,291
35 years$18,830$12,668$8,299$5,321$3,354$2,039
36 years$18,106$12,024$7,764$4,900$3,039$1,815
37 years$17,422$11,420$7,267$4,515$2,754$1,616
38 years$16,776$10,853$6,805$4,162$2,497$1,440
39 years$16,165$10,320$6,376$3,837$2,264$1,282
40 years$15,586$9,819$5,976$3,539$2,054$1,142
41 years$15,036$9,346$5,603$3,265$1,863$1,018
42 years$14,514$8,901$5,256$3,014$1,691$907
43 years$14,017$8,481$4,932$2,782$1,535$809
44 years$13,545$8,084$4,630$2,569$1,393$721
45 years$13,095$7,709$4,347$2,372$1,264$642
46 years$12,665$7,354$4,083$2,191$1,148$573
47 years$12,255$7,018$3,836$2,024$1,043$511
48 years$11,863$6,700$3,605$1,871$947$455
49 years$11,489$6,398$3,388$1,729$860$406
50 years$11,130$6,111$3,185$1,598$781$362

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 $3,000 every year, while hoping to spend $49,597 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: 42/28/30 Blend
55$11,400,000$11,400,000$11,400,000$11,400,000
56$12,565,895$11,961,695$11,784,995$12,983,119
57$13,794,845$12,495,047$12,127,021$13,818,349
58$15,147,486$13,052,871$12,478,843$14,717,443
59$16,636,382$13,636,314$12,840,737$15,690,251
60$18,275,376$14,246,577$13,212,985$16,743,623
61$20,079,724$14,884,918$13,595,879$17,885,079
62$22,066,233$15,552,657$13,989,718$19,122,879
63$24,253,425$16,251,173$14,394,810$20,466,095
64$26,661,709$16,981,915$14,811,470$21,924,697
65$29,313,572$17,746,397$15,240,023$23,509,639
66$32,233,794$18,546,209$15,680,803$25,232,962
67$35,449,682$19,383,014$16,134,150$27,107,896
68$38,991,324$20,258,556$16,600,418$29,148,991
69$42,891,875$21,174,661$17,079,968$31,372,241
70$47,187,870$22,133,244$17,573,172$33,795,233
71$51,919,570$23,136,309$18,080,409$36,437,307
72$57,131,336$24,185,959$18,602,073$39,319,737
73$62,872,056$25,284,394$19,138,566$42,465,921
74$69,195,599$26,433,922$19,690,301$45,901,596
75$76,161,327$27,636,962$20,257,703$49,655,081
76$83,834,654$28,896,044$20,841,208$53,757,530
77$92,287,664$30,213,826$21,441,264$58,243,227
78$101,599,790$31,593,088$22,058,331$63,149,896
79$111,858,564$33,036,745$22,692,881$68,519,053
80$123,160,445$34,547,853$23,345,400$74,396,390
81$135,611,725$36,129,613$24,016,385$80,832,200
82$149,329,537$37,785,379$24,706,350$87,881,841
83$164,442,956$39,518,669$25,415,819$95,606,249
84$181,094,221$41,333,168$26,145,333$104,072,509
85$199,440,075$43,232,736$26,895,444$113,354,473
86$219,653,244$45,221,421$27,666,723$123,533,451
87$241,924,070$47,303,466$28,459,754$134,698,970
88$266,462,306$49,483,317$29,275,136$146,949,603
89$293,499,095$51,765,632$30,113,486$160,393,892
90$323,289,151$54,155,297$30,975,436$175,151,360
91$356,113,167$56,657,429$31,861,636$191,353,628
92$392,280,461$59,277,394$32,772,752$209,145,644
93$432,131,897$62,020,816$33,709,469$228,687,037
94$476,043,103$64,893,588$34,672,488$250,153,613
95$524,428,015$67,901,889$35,662,532$273,738,996
96$577,742,786$71,052,196$36,680,341$299,656,444
97$636,490,092$74,351,295$37,726,674$328,140,846
98$701,223,876$77,806,303$38,802,312$359,450,919
99$772,554,577$81,424,678$39,908,055$393,871,641
100$851,154,895$85,214,238$41,044,726$431,716,914