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%19.3%
1 years$957,917$949,385$941,060$932,934$925,000$890,411
2 years$474,216$465,385$456,825$448,526$440,476$406,024
3 years$313,004$304,134$295,596$287,375$279,456$246,225
4 years$232,413$223,571$215,118$207,038$199,311$167,554
5 years$184,072$175,282$166,941$159,025$151,513$121,312
6 years$151,855$143,131$134,913$127,173$119,887$91,264
7 years$128,851$120,201$112,113$104,556$97,500$70,447
8 years$111,607$103,035$95,081$87,710$80,886$55,378
9 years$98,201$89,710$81,893$74,709$68,118$44,119
10 years$87,483$79,075$71,396$64,400$58,040$35,507
11 years$78,720$70,396$62,856$56,047$49,916$28,800
12 years$71,422$63,184$55,783$49,161$43,256$23,504
13 years$65,252$57,100$49,839$43,402$37,720$19,275
14 years$59,968$51,902$44,780$38,527$33,065$15,869
15 years$55,392$47,413$40,431$34,360$29,113$13,106
16 years$51,392$43,501$36,656$30,765$25,730$10,852
17 years$47,867$40,063$33,356$27,642$22,814$9,004
18 years$44,737$37,020$30,449$24,911$20,285$7,484
19 years$41,939$34,309$27,875$22,509$18,081$6,229
20 years$39,425$31,882$25,582$20,387$16,150$5,191
21 years$37,153$29,697$23,531$18,502$14,453$4,330
22 years$35,090$27,721$21,687$16,823$12,955$3,615
23 years$33,209$25,927$20,024$15,321$11,629$3,020
24 years$31,488$24,292$18,519$13,973$10,452$2,524
25 years$29,907$22,797$17,152$12,761$9,405$2,111
26 years$28,449$21,425$15,908$11,668$8,472$1,766
27 years$27,102$20,164$14,772$10,680$7,638$1,478
28 years$25,854$19,000$13,732$9,785$6,892$1,237
29 years$24,694$17,924$12,779$8,973$6,223$1,036
30 years$23,613$16,928$11,903$8,235$5,623$867
31 years$22,603$16,002$11,097$7,564$5,084$726
32 years$21,659$15,141$10,354$6,951$4,599$608
33 years$20,774$14,339$9,667$6,392$4,162$510
34 years$19,943$13,590$9,033$5,881$3,768$427
35 years$19,160$12,890$8,445$5,414$3,413$358
36 years$18,423$12,235$7,900$4,986$3,092$300
37 years$17,728$11,620$7,394$4,594$2,803$251
38 years$17,071$11,043$6,924$4,235$2,541$211
39 years$16,449$10,501$6,487$3,904$2,304$176
40 years$15,859$9,991$6,081$3,601$2,090$148
41 years$15,300$9,510$5,702$3,323$1,896$124
42 years$14,768$9,057$5,348$3,066$1,720$104
43 years$14,263$8,630$5,019$2,831$1,561$87
44 years$13,782$8,226$4,711$2,614$1,417$73
45 years$13,324$7,844$4,423$2,414$1,287$61
46 years$12,887$7,483$4,155$2,230$1,168$51
47 years$12,470$7,141$3,903$2,060$1,061$43
48 years$12,072$6,817$3,668$1,903$963$36
49 years$11,690$6,510$3,448$1,759$875$30
50 years$11,326$6,219$3,241$1,626$795$25

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 $3,406 every year, while hoping to spend $27,219 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: 54/32/14 Blend
55$11,600,000$11,600,000$11,600,000$11,600,000
56$12,786,713$12,171,913$11,992,113$13,429,859
57$14,061,997$12,739,376$12,364,888$14,435,628
58$15,466,448$13,333,733$12,749,239$15,526,582
59$17,013,211$13,956,271$13,145,524$16,713,414
60$18,716,774$14,608,344$13,554,115$18,005,250
61$20,593,099$15,291,367$13,975,392$19,412,121
62$22,659,777$16,006,825$14,409,749$20,945,049
63$24,936,190$16,756,276$14,857,591$22,616,151
64$27,443,699$17,541,350$15,319,338$24,438,747
65$30,205,840$18,363,760$15,795,419$26,427,478
66$33,248,550$19,225,299$16,286,280$28,598,446
67$36,600,411$20,127,847$16,792,379$30,969,357
68$40,292,917$21,073,376$17,314,189$33,559,683
69$44,360,776$22,063,953$17,852,195$36,390,843
70$48,842,233$23,101,745$18,406,902$39,486,394
71$53,779,433$24,189,023$18,978,825$42,872,256
72$59,218,820$25,328,169$19,568,500$46,576,941
73$65,211,571$26,521,681$20,176,477$50,631,823
74$71,814,084$27,772,177$20,803,322$55,071,424
75$79,088,509$29,082,401$21,449,621$59,933,734
76$87,103,330$30,455,232$22,115,976$65,260,561
77$95,934,018$31,893,687$22,803,010$71,097,919
78$105,663,741$33,400,930$23,511,364$77,496,453
79$116,384,145$34,980,279$24,241,697$84,511,911
80$128,196,225$36,635,210$24,994,692$92,205,658
81$141,211,277$38,369,372$25,771,050$100,645,250
82$155,551,943$40,186,587$26,571,496$109,905,058
83$171,353,376$42,090,864$27,396,776$120,066,962
84$188,764,512$44,086,408$28,247,660$131,221,113
85$207,949,476$46,177,627$29,124,941$143,466,775
86$229,089,133$48,369,140$30,029,436$156,913,245
87$252,382,792$50,665,796$30,961,990$171,680,877
88$278,050,091$53,072,674$31,923,471$187,902,206
89$306,333,069$55,595,104$32,914,776$205,723,181
90$337,498,450$58,238,671$33,936,829$225,304,535
91$371,840,160$61,009,235$34,990,581$246,823,282
92$409,682,106$63,912,938$36,077,016$270,474,376
93$451,381,230$66,956,220$37,197,145$296,472,535
94$497,330,879$70,145,838$38,352,012$325,054,251
95$547,964,517$73,488,873$39,542,693$356,480,002
96$603,759,822$76,992,752$40,770,297$391,036,700
97$665,243,190$80,665,263$42,035,969$429,040,372
98$732,994,708$84,514,573$43,340,886$470,839,128
99$807,653,626$88,549,246$44,686,264$516,816,425
100$889,924,399$92,778,261$46,073,356$567,394,664