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

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$949,659$941,200$932,947$924,892$917,026$889,811
2 years$470,128$461,373$452,887$444,660$436,679$409,485
3 years$310,306$301,512$293,048$284,898$277,047$250,727
4 years$230,410$221,643$213,264$205,253$197,592$172,347
5 years$182,485$173,771$165,501$157,654$150,207$126,106
6 years$150,546$141,897$133,750$126,077$118,853$95,918
7 years$127,741$119,165$111,147$103,655$96,660$74,889
8 years$110,645$102,146$94,261$86,953$80,188$59,570
9 years$97,355$88,937$81,187$74,065$67,530$48,043
10 years$86,729$78,393$70,781$63,845$57,539$39,155
11 years$78,041$69,789$62,314$55,564$49,486$32,173
12 years$70,806$62,639$55,302$48,737$42,883$26,608
13 years$64,689$56,607$49,409$43,028$37,395$22,120
14 years$59,451$51,454$44,394$38,195$32,780$18,466
15 years$54,914$47,005$40,082$34,063$28,862$15,469
16 years$50,949$43,126$36,340$30,500$25,509$12,995
17 years$47,454$39,717$33,068$27,404$22,618$10,942
18 years$44,351$36,701$30,187$24,697$20,111$9,232
19 years$41,578$34,014$27,635$22,315$17,925$7,801
20 years$39,085$31,607$25,362$20,211$16,011$6,601
21 years$36,832$29,441$23,328$18,343$14,328$5,592
22 years$34,787$27,482$21,500$16,678$12,843$4,742
23 years$32,923$25,703$19,852$15,189$11,529$4,024
24 years$31,216$24,082$18,359$13,853$10,362$3,418
25 years$29,649$22,600$17,005$12,651$9,324$2,904
26 years$28,204$21,240$15,771$11,568$8,399$2,469
27 years$26,869$19,990$14,645$10,588$7,572$2,100
28 years$25,631$18,836$13,614$9,701$6,833$1,787
29 years$24,481$17,770$12,669$8,896$6,170$1,520
30 years$23,409$16,782$11,801$8,164$5,575$1,294
31 years$22,408$15,864$11,002$7,498$5,040$1,102
32 years$21,472$15,011$10,265$6,891$4,559$939
33 years$20,595$14,215$9,584$6,337$4,126$799
34 years$19,771$13,473$8,955$5,831$3,736$681
35 years$18,995$12,779$8,372$5,367$3,384$580
36 years$18,265$12,129$7,832$4,943$3,066$494
37 years$17,575$11,520$7,331$4,555$2,779$421
38 years$16,923$10,948$6,865$4,198$2,519$359
39 years$16,307$10,410$6,432$3,871$2,284$306
40 years$15,722$9,905$6,028$3,570$2,072$261
41 years$15,168$9,428$5,653$3,294$1,880$222
42 years$14,641$8,979$5,302$3,040$1,706$189
43 years$14,140$8,555$4,976$2,806$1,548$161
44 years$13,664$8,155$4,670$2,591$1,405$138
45 years$13,209$7,777$4,385$2,393$1,276$117
46 years$12,776$7,419$4,119$2,210$1,158$100
47 years$12,363$7,080$3,870$2,042$1,052$85
48 years$11,967$6,758$3,636$1,887$955$73
49 years$11,590$6,454$3,418$1,744$867$62
50 years$11,228$6,165$3,213$1,612$788$53

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 $2,174 every year, while hoping to spend $47,400 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: 71/20/9 Blend
55$11,500,000$11,500,000$11,500,000$11,500,000
56$12,675,242$12,065,742$11,887,492$13,554,280
57$13,917,684$12,606,531$12,235,290$14,676,689
58$15,285,266$13,172,229$12,593,151$15,898,817
59$16,790,702$13,764,007$12,961,361$17,235,245
60$18,448,003$14,383,093$13,340,215$18,697,217
61$20,272,605$15,030,770$13,730,018$20,297,111
62$22,281,518$15,708,385$14,131,081$22,048,547
63$24,493,485$16,417,348$14,543,724$23,966,514
64$26,929,159$17,159,136$14,968,277$26,067,514
65$29,611,297$17,935,298$15,405,079$28,369,709
66$32,564,978$18,747,456$15,854,478$30,893,094
67$35,817,834$19,597,310$16,316,831$33,659,677
68$39,400,316$20,486,641$16,792,507$36,693,693
69$43,345,975$21,417,314$17,281,883$40,021,822
70$47,691,787$22,391,284$17,785,349$43,673,437
71$52,478,495$23,410,603$18,303,303$47,680,886
72$57,750,994$24,477,415$18,836,157$52,079,784
73$63,558,758$25,593,971$19,384,331$56,909,353
74$69,956,305$26,762,629$19,948,260$62,212,782
75$77,003,710$27,985,860$20,528,388$68,037,637
76$84,767,174$29,266,253$21,125,175$74,436,300
77$93,319,648$30,606,521$21,739,090$81,466,462
78$102,741,520$32,009,509$22,370,618$89,191,663
79$113,121,376$33,478,195$23,020,254$97,681,886
80$124,556,834$35,015,705$23,688,511$107,014,212
81$137,155,467$36,625,310$24,375,912$117,273,545
82$151,035,816$38,310,442$25,082,996$128,553,403
83$166,328,511$40,074,695$25,810,319$140,956,800
84$183,177,503$41,921,839$26,558,448$154,597,209
85$201,741,422$43,855,823$27,327,970$169,599,631
86$222,195,075$45,880,786$28,119,484$186,101,760
87$244,731,095$48,001,067$28,933,610$204,255,287
88$269,561,762$50,221,214$29,770,980$224,227,315
89$296,921,001$52,545,993$30,632,247$246,201,934
90$327,066,596$54,980,400$31,518,081$270,381,951
91$360,282,622$57,529,672$32,429,170$296,990,793
92$396,882,122$60,199,299$33,366,219$326,274,609
93$437,210,067$62,995,033$34,329,956$358,504,588
94$481,646,610$65,922,906$35,321,126$393,979,504
95$530,610,676$68,989,240$36,340,496$433,028,528
96$584,563,915$72,200,663$37,388,852$476,014,330
97$644,015,058$75,564,119$38,467,003$523,336,485
98$709,524,726$79,086,892$39,575,779$575,435,238
99$781,710,713$82,776,616$40,716,033$632,795,646
100$861,253,827$86,641,291$41,888,641$695,952,146