Can I retire at age 56 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$949,659$941,200$932,947$924,892$917,026$913,162
2 years$470,128$461,373$452,887$444,660$436,679$432,778
3 years$310,306$301,512$293,048$284,898$277,047$273,230
4 years$230,410$221,643$213,264$205,253$197,592$193,888
5 years$182,485$173,771$165,501$157,654$150,207$146,627
6 years$150,546$141,897$133,750$126,077$118,853$115,402
7 years$127,741$119,165$111,147$103,655$96,660$93,339
8 years$110,645$102,146$94,261$86,953$80,188$76,999
9 years$97,355$88,937$81,187$74,065$67,530$64,471
10 years$86,729$78,393$70,781$63,845$57,539$54,608
11 years$78,041$69,789$62,314$55,564$49,486$46,682
12 years$70,806$62,639$55,302$48,737$42,883$40,204
13 years$64,689$56,607$49,409$43,028$37,395$34,838
14 years$59,451$51,454$44,394$38,195$32,780$30,343
15 years$54,914$47,005$40,082$34,063$28,862$26,541
16 years$50,949$43,126$36,340$30,500$25,509$23,301
17 years$47,454$39,717$33,068$27,404$22,618$20,520
18 years$44,351$36,701$30,187$24,697$20,111$18,120
19 years$41,578$34,014$27,635$22,315$17,925$16,037
20 years$39,085$31,607$25,362$20,211$16,011$14,223
21 years$36,832$29,441$23,328$18,343$14,328$12,636
22 years$34,787$27,482$21,500$16,678$12,843$11,244
23 years$32,923$25,703$19,852$15,189$11,529$10,018
24 years$31,216$24,082$18,359$13,853$10,362$8,937
25 years$29,649$22,600$17,005$12,651$9,324$7,981
26 years$28,204$21,240$15,771$11,568$8,399$7,134
27 years$26,869$19,990$14,645$10,588$7,572$6,382
28 years$25,631$18,836$13,614$9,701$6,833$5,714
29 years$24,481$17,770$12,669$8,896$6,170$5,119
30 years$23,409$16,782$11,801$8,164$5,575$4,588
31 years$22,408$15,864$11,002$7,498$5,040$4,115
32 years$21,472$15,011$10,265$6,891$4,559$3,692
33 years$20,595$14,215$9,584$6,337$4,126$3,314
34 years$19,771$13,473$8,955$5,831$3,736$2,976
35 years$18,995$12,779$8,372$5,367$3,384$2,673
36 years$18,265$12,129$7,832$4,943$3,066$2,402
37 years$17,575$11,520$7,331$4,555$2,779$2,159
38 years$16,923$10,948$6,865$4,198$2,519$1,941
39 years$16,307$10,410$6,432$3,871$2,284$1,745
40 years$15,722$9,905$6,028$3,570$2,072$1,569
41 years$15,168$9,428$5,653$3,294$1,880$1,412
42 years$14,641$8,979$5,302$3,040$1,706$1,270
43 years$14,140$8,555$4,976$2,806$1,548$1,143
44 years$13,664$8,155$4,670$2,591$1,405$1,028
45 years$13,209$7,777$4,385$2,393$1,276$926
46 years$12,776$7,419$4,119$2,210$1,158$833
47 years$12,363$7,080$3,870$2,042$1,052$750
48 years$11,967$6,758$3,636$1,887$955$675
49 years$11,590$6,454$3,418$1,744$867$608
50 years$11,228$6,165$3,213$1,612$788$547

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $11,500,000, adding $6,907 every year, while hoping to spend $58,837 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: 51/35/14 Blend
55$11,500,000$11,500,000$11,500,000$11,500,000
56$12,680,125$12,070,625$11,892,375$13,278,395
57$13,910,895$12,599,483$12,228,167$14,218,019
58$15,265,232$13,152,284$12,573,237$15,232,218
59$16,755,678$13,730,137$12,927,832$16,333,494
60$18,396,051$14,334,208$13,292,208$17,530,077
61$20,201,577$14,965,713$13,666,626$18,831,011
62$22,189,035$15,625,930$14,051,355$20,246,232
63$24,376,911$16,316,195$14,446,670$21,786,661
64$26,785,575$17,037,908$14,852,852$23,464,301
65$29,437,473$17,792,534$15,270,192$25,292,347
66$32,357,336$18,581,610$15,698,985$27,285,307
67$35,572,419$19,406,744$16,139,535$29,459,132
68$39,112,752$20,269,620$16,592,156$31,831,362
69$43,011,425$21,172,003$17,057,165$34,421,292
70$47,304,901$22,115,742$17,534,891$37,250,138
71$52,033,360$23,102,773$18,025,669$40,341,244
72$57,241,079$24,135,125$18,529,845$43,720,288
73$62,976,844$25,214,921$19,047,770$47,415,521
74$69,294,419$26,344,389$19,579,807$51,458,028
75$76,253,045$27,525,859$20,126,326$55,882,014
76$83,918,005$28,761,776$20,687,707$60,725,123
77$92,361,236$30,054,697$21,264,340$66,028,779
78$101,662,010$31,407,305$21,856,623$71,838,578
79$111,907,680$32,822,408$22,464,965$78,204,705
80$123,194,507$34,302,950$23,089,785$85,182,402
81$135,628,567$35,852,015$23,731,513$92,832,480
82$149,326,749$37,472,832$24,390,587$101,221,884
83$164,417,864$39,168,788$25,067,459$110,424,315
84$181,043,857$40,943,428$25,762,588$120,520,919
85$199,361,144$42,800,470$26,476,449$131,601,039
86$219,542,096$44,743,808$27,209,525$143,763,050
87$241,776,657$46,777,522$27,962,312$157,115,275
88$266,274,143$48,905,888$28,735,317$171,776,997
89$293,265,216$51,133,387$29,529,060$187,879,573
90$323,004,058$53,464,712$30,344,073$205,567,661
91$355,770,774$55,904,785$31,180,901$225,000,569
92$391,874,034$58,458,762$32,040,103$246,353,752
93$431,653,989$61,132,044$32,922,250$269,820,447
94$475,485,476$63,930,294$33,827,925$295,613,484
95$523,781,562$66,859,446$34,757,728$323,967,280
96$576,997,441$69,925,719$35,712,272$355,140,037
97$635,634,730$73,135,629$36,692,183$389,416,156
98$700,246,203$76,496,006$37,698,102$427,108,909
99$771,441,015$80,014,009$38,730,687$468,563,376
100$849,890,442$83,697,139$39,790,609$514,159,680