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

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$957,917$949,385$941,060$932,934$925,000$915,721
2 years$474,216$465,385$456,825$448,526$440,476$431,131
3 years$313,004$304,134$295,596$287,375$279,456$270,334
4 years$232,413$223,571$215,118$207,038$199,311$190,481
5 years$184,072$175,282$166,941$159,025$151,513$143,003
6 years$151,855$143,131$134,913$127,173$119,887$111,706
7 years$128,851$120,201$112,113$104,556$97,500$89,653
8 years$111,607$103,035$95,081$87,710$80,886$73,372
9 years$98,201$89,710$81,893$74,709$68,118$60,934
10 years$87,483$79,075$71,396$64,400$58,040$51,181
11 years$78,720$70,396$62,856$56,047$49,916$43,378
12 years$71,422$63,184$55,783$49,161$43,256$37,032
13 years$65,252$57,100$49,839$43,402$37,720$31,802
14 years$59,968$51,902$44,780$38,527$33,065$27,446
15 years$55,392$47,413$40,431$34,360$29,113$23,784
16 years$51,392$43,501$36,656$30,765$25,730$20,682
17 years$47,867$40,063$33,356$27,642$22,814$18,038
18 years$44,737$37,020$30,449$24,911$20,285$15,772
19 years$41,939$34,309$27,875$22,509$18,081$13,820
20 years$39,425$31,882$25,582$20,387$16,150$12,132
21 years$37,153$29,697$23,531$18,502$14,453$10,668
22 years$35,090$27,721$21,687$16,823$12,955$9,394
23 years$33,209$25,927$20,024$15,321$11,629$8,282
24 years$31,488$24,292$18,519$13,973$10,452$7,309
25 years$29,907$22,797$17,152$12,761$9,405$6,457
26 years$28,449$21,425$15,908$11,668$8,472$5,709
27 years$27,102$20,164$14,772$10,680$7,638$5,051
28 years$25,854$19,000$13,732$9,785$6,892$4,472
29 years$24,694$17,924$12,779$8,973$6,223$3,961
30 years$23,613$16,928$11,903$8,235$5,623$3,511
31 years$22,603$16,002$11,097$7,564$5,084$3,113
32 years$21,659$15,141$10,354$6,951$4,599$2,761
33 years$20,774$14,339$9,667$6,392$4,162$2,450
34 years$19,943$13,590$9,033$5,881$3,768$2,175
35 years$19,160$12,890$8,445$5,414$3,413$1,931
36 years$18,423$12,235$7,900$4,986$3,092$1,714
37 years$17,728$11,620$7,394$4,594$2,803$1,523
38 years$17,071$11,043$6,924$4,235$2,541$1,353
39 years$16,449$10,501$6,487$3,904$2,304$1,202
40 years$15,859$9,991$6,081$3,601$2,090$1,068
41 years$15,300$9,510$5,702$3,323$1,896$949
42 years$14,768$9,057$5,348$3,066$1,720$844
43 years$14,263$8,630$5,019$2,831$1,561$750
44 years$13,782$8,226$4,711$2,614$1,417$667
45 years$13,324$7,844$4,423$2,414$1,287$593
46 years$12,887$7,483$4,155$2,230$1,168$527
47 years$12,470$7,141$3,903$2,060$1,061$469
48 years$12,072$6,817$3,668$1,903$963$417
49 years$11,690$6,510$3,448$1,759$875$371
50 years$11,326$6,219$3,241$1,626$795$330

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 $5,280 every year, while hoping to spend $45,339 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: 54/16/30 Blend
55$11,600,000$11,600,000$11,600,000$11,600,000
56$12,788,646$12,173,846$11,994,046$13,371,883
57$14,044,848$12,722,124$12,347,607$14,324,985
58$15,427,662$13,295,749$12,711,491$15,357,081
59$16,949,957$13,895,913$13,085,999$16,479,930
60$18,625,908$14,523,869$13,471,436$17,702,274
61$20,471,139$15,180,926$13,868,117$19,033,727
62$22,502,863$15,868,459$14,276,367$20,484,864
63$24,740,048$16,587,907$14,696,518$22,067,318
64$27,203,596$17,340,778$15,128,915$23,793,886
65$29,916,538$18,128,651$15,573,908$25,678,648
66$32,904,252$18,953,182$16,031,862$27,737,097
67$36,194,705$19,816,107$16,503,148$29,986,281
68$39,818,711$20,719,243$16,988,150$32,444,963
69$43,810,229$21,664,495$17,487,262$35,133,792
70$48,206,676$22,653,859$18,000,890$38,075,497
71$53,049,288$23,689,429$18,529,450$41,295,094
72$58,383,500$24,773,395$19,073,371$44,820,123
73$64,259,381$25,908,056$19,633,094$48,680,903
74$70,732,107$27,095,820$20,209,071$52,910,811
75$77,862,476$28,339,210$20,801,769$57,546,596
76$85,717,488$29,640,870$21,411,667$62,628,719
77$94,370,971$31,003,572$22,039,258$68,201,734
78$103,904,284$32,430,221$22,685,047$74,314,700
79$114,407,080$33,923,861$23,349,555$81,021,640
80$125,978,155$35,487,683$24,033,318$88,382,047
81$138,726,379$37,125,031$24,736,886$96,461,440
82$152,771,723$38,839,411$25,460,825$105,331,976
83$168,246,392$40,634,495$26,205,716$115,073,123
84$185,296,074$42,514,136$26,972,158$125,772,410
85$204,081,313$44,482,368$27,760,765$137,526,242
86$224,779,025$46,543,422$28,572,168$150,440,804
87$247,584,169$48,701,733$29,407,019$164,633,058
88$272,711,584$50,961,947$30,265,984$180,231,838
89$300,398,021$53,328,938$31,149,750$197,379,060
90$330,904,375$55,807,812$32,059,022$216,231,054
91$364,518,149$58,403,922$32,994,527$236,960,032
92$401,556,165$61,122,880$33,957,009$259,755,700
93$442,367,560$63,970,567$34,947,235$284,827,049
94$487,337,076$66,953,150$35,965,992$312,404,309
95$536,888,696$70,077,092$37,014,091$342,741,122
96$591,489,643$73,349,169$38,092,363$376,116,917
97$651,654,793$76,776,485$39,201,663$412,839,546
98$717,951,534$80,366,485$40,342,871$453,248,171
99$791,005,123$84,126,975$41,516,890$497,716,462
100$871,504,588$88,066,140$42,724,648$546,656,106