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 $5,757 every year, while hoping to spend $27,537 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: 56/22/22 Blend
55$11,600,000$11,600,000$11,600,000$11,600,000
56$12,789,138$12,174,338$11,994,538$13,428,778
57$14,064,331$12,741,582$12,367,056$14,433,985
58$15,468,671$13,335,697$12,751,131$15,525,138
59$17,015,301$13,957,972$13,147,119$16,713,311
60$18,718,706$14,609,757$13,555,392$18,007,837
61$20,594,845$15,292,466$13,976,328$19,418,981
62$22,661,306$16,007,583$14,410,322$20,958,025
63$24,937,467$16,756,663$14,857,776$22,637,381
64$27,444,686$17,541,336$15,319,108$24,470,700
65$30,206,494$18,363,312$15,794,748$26,472,995
66$33,248,823$19,224,381$16,285,140$28,660,784
67$36,600,250$20,126,423$16,790,739$31,052,240
68$40,292,265$21,071,407$17,312,017$33,667,357
69$44,359,566$22,061,396$17,849,461$36,528,136
70$48,840,393$23,098,556$18,403,569$39,658,788
71$53,776,884$24,185,156$18,974,859$43,085,959
72$59,215,471$25,323,574$19,563,862$46,838,973
73$65,207,325$26,516,305$20,171,127$50,950,109
74$71,808,832$27,765,964$20,797,220$55,454,896
75$79,082,130$29,075,292$21,442,723$60,392,446
76$87,095,690$30,447,165$22,108,238$65,805,815
77$95,924,970$31,884,596$22,794,383$71,742,404
78$105,653,121$33,390,744$23,501,799$78,254,404
79$116,371,772$34,968,924$24,231,142$85,399,274
80$128,181,901$36,622,609$24,983,093$93,240,287
81$141,194,778$38,355,440$25,758,351$101,847,109
82$155,533,027$40,171,238$26,557,637$111,296,458
83$171,331,773$42,074,006$27,381,695$121,672,818
84$188,739,924$44,067,942$28,231,291$133,069,225
85$207,921,574$46,157,449$29,107,217$145,588,141
86$229,057,553$48,347,143$30,010,288$159,342,411
87$252,347,133$50,641,862$30,941,342$174,456,316
88$278,009,910$53,046,683$31,901,246$191,066,743
89$306,287,876$55,566,926$32,890,894$209,324,462
90$337,447,705$58,208,172$33,911,205$229,395,537
91$371,783,269$60,976,270$34,963,127$251,462,891
92$409,618,411$63,877,355$36,047,640$275,728,011
93$451,310,004$66,917,861$37,165,752$302,412,846
94$497,251,321$70,104,533$38,318,502$331,761,885
95$547,875,745$73,444,444$39,506,961$364,044,453
96$603,660,861$76,945,012$40,732,234$399,557,241
97$665,132,966$80,614,014$41,995,460$438,627,091
98$732,872,034$84,459,607$43,297,814$481,614,067
99$807,517,195$88,490,341$44,640,504$528,914,837
100$889,772,768$92,715,186$46,024,780$580,966,404