Can I retire at age 56 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$957,917$949,385$941,060$932,934$925,000$907,066
2 years$474,216$465,385$456,825$448,526$440,476$422,481
3 years$313,004$304,134$295,596$287,375$279,456$261,960
4 years$232,413$223,571$215,118$207,038$199,311$182,449
5 years$184,072$175,282$166,941$159,025$151,513$135,334
6 years$151,855$143,131$134,913$127,173$119,887$104,408
7 years$128,851$120,201$112,113$104,556$97,500$82,725
8 years$111,607$103,035$95,081$87,710$80,886$66,811
9 years$98,201$89,710$81,893$74,709$68,118$54,734
10 years$87,483$79,075$71,396$64,400$58,040$45,334
11 years$78,720$70,396$62,856$56,047$49,916$37,874
12 years$71,422$63,184$55,783$49,161$43,256$31,860
13 years$65,252$57,100$49,839$43,402$37,720$26,951
14 years$59,968$51,902$44,780$38,527$33,065$22,904
15 years$55,392$47,413$40,431$34,360$29,113$19,539
16 years$51,392$43,501$36,656$30,765$25,730$16,720
17 years$47,867$40,063$33,356$27,642$22,814$14,347
18 years$44,737$37,020$30,449$24,911$20,285$12,338
19 years$41,939$34,309$27,875$22,509$18,081$10,631
20 years$39,425$31,882$25,582$20,387$16,150$9,175
21 years$37,153$29,697$23,531$18,502$14,453$7,929
22 years$35,090$27,721$21,687$16,823$12,955$6,860
23 years$33,209$25,927$20,024$15,321$11,629$5,942
24 years$31,488$24,292$18,519$13,973$10,452$5,151
25 years$29,907$22,797$17,152$12,761$9,405$4,469
26 years$28,449$21,425$15,908$11,668$8,472$3,879
27 years$27,102$20,164$14,772$10,680$7,638$3,370
28 years$25,854$19,000$13,732$9,785$6,892$2,928
29 years$24,694$17,924$12,779$8,973$6,223$2,546
30 years$23,613$16,928$11,903$8,235$5,623$2,214
31 years$22,603$16,002$11,097$7,564$5,084$1,926
32 years$21,659$15,141$10,354$6,951$4,599$1,676
33 years$20,774$14,339$9,667$6,392$4,162$1,459
34 years$19,943$13,590$9,033$5,881$3,768$1,270
35 years$19,160$12,890$8,445$5,414$3,413$1,106
36 years$18,423$12,235$7,900$4,986$3,092$963
37 years$17,728$11,620$7,394$4,594$2,803$839
38 years$17,071$11,043$6,924$4,235$2,541$731
39 years$16,449$10,501$6,487$3,904$2,304$637
40 years$15,859$9,991$6,081$3,601$2,090$555
41 years$15,300$9,510$5,702$3,323$1,896$484
42 years$14,768$9,057$5,348$3,066$1,720$421
43 years$14,263$8,630$5,019$2,831$1,561$367
44 years$13,782$8,226$4,711$2,614$1,417$320
45 years$13,324$7,844$4,423$2,414$1,287$279
46 years$12,887$7,483$4,155$2,230$1,168$243
47 years$12,470$7,141$3,903$2,060$1,061$212
48 years$12,072$6,817$3,668$1,903$963$185
49 years$11,690$6,510$3,448$1,759$875$161
50 years$11,326$6,219$3,241$1,626$795$140

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $11,600,000, adding $4,133 every year, while hoping to spend $41,158 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: 78/7/15 Blend
55$11,600,000$11,600,000$11,600,000$11,600,000
56$12,787,463$12,172,663$11,992,863$13,744,249
57$14,047,993$12,725,332$12,350,832$14,928,056
58$15,435,717$13,303,702$12,719,414$16,220,618
59$16,963,566$13,908,989$13,098,920$17,637,301
60$18,645,787$14,542,468$13,489,672$19,190,493
61$20,498,082$15,205,473$13,892,000$20,893,840
62$22,537,749$15,899,404$14,306,245$22,762,367
63$24,783,851$16,625,726$14,732,756$24,812,622
64$27,257,394$17,385,977$15,171,893$27,062,830
65$29,981,525$18,181,766$15,624,028$29,533,061
66$32,981,748$19,014,781$16,089,541$32,245,424
67$36,286,171$19,886,790$16,568,826$35,224,267
68$39,925,765$20,799,647$17,062,285$38,496,411
69$43,934,656$21,755,293$17,570,335$42,091,398
70$48,350,453$22,755,764$18,093,404$46,041,770
71$53,214,597$23,803,194$18,631,930$50,383,373
72$58,572,754$24,899,819$19,186,368$55,155,694
73$64,475,247$26,047,981$19,757,183$60,402,234
74$70,977,528$27,250,138$20,344,854$66,170,913
75$78,140,704$28,508,864$20,949,876$72,514,520
76$86,032,114$29,826,856$21,572,755$79,491,214
77$94,725,961$31,206,944$22,214,013$87,165,067
78$104,304,015$32,652,090$22,874,189$95,606,666
79$114,856,385$34,165,403$23,553,835$104,893,779
80$126,482,368$35,750,139$24,253,520$115,112,085
81$139,291,386$37,409,712$24,973,829$126,355,980
82$153,404,020$39,147,701$25,715,365$138,729,468
83$168,953,147$40,967,855$26,478,747$152,347,137
84$186,085,195$42,874,108$27,264,612$167,335,238
85$204,961,526$44,870,580$28,073,617$183,832,874
86$225,759,955$46,961,591$28,906,437$201,993,312
87$248,676,433$49,151,672$29,763,765$221,985,423
88$273,926,894$51,445,569$30,646,316$243,995,275
89$301,749,294$53,848,258$31,554,825$268,227,886
90$332,405,858$56,364,959$32,490,047$294,909,153
91$366,185,552$59,001,138$33,452,760$324,287,984
92$403,406,815$61,762,531$34,443,764$356,638,642
93$444,420,563$64,655,148$35,463,883$392,263,327
94$489,613,500$67,685,290$36,513,963$431,495,031
95$539,411,771$70,859,563$37,594,875$474,700,670
96$594,284,983$74,184,893$38,707,514$522,284,549
97$654,750,639$77,668,540$39,852,803$574,692,167
98$721,379,022$81,318,116$41,031,690$632,414,425
99$794,798,580$85,141,602$42,245,150$695,992,249
100$875,701,859$89,147,364$43,494,186$766,021,693