Can I retire at age 56 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$966,175$957,569$949,172$940,977$932,974$907,476
2 years$478,304$469,397$460,763$452,393$444,274$418,771
3 years$315,702$306,756$298,144$289,852$281,865$257,156
4 years$234,417$225,498$216,973$208,822$201,029$177,303
5 years$185,659$176,793$168,380$160,396$152,819$130,142
6 years$153,164$144,365$136,076$128,270$120,920$99,314
7 years$129,962$121,237$113,080$105,458$98,341$77,806
8 years$112,569$103,923$95,901$88,466$81,583$62,108
9 years$99,048$90,484$82,599$75,353$68,705$50,272
10 years$88,237$79,757$72,012$64,955$58,540$41,126
11 years$79,398$71,003$63,398$56,530$50,346$33,923
12 years$72,038$63,728$56,264$49,585$43,629$28,167
13 years$65,814$57,592$50,268$43,776$38,045$23,511
14 years$60,484$52,349$45,166$38,859$33,350$19,709
15 years$55,870$47,822$40,779$34,656$29,364$16,580
16 years$51,835$43,876$36,972$31,030$25,952$13,988
17 years$48,280$40,408$33,643$27,881$23,011$11,830
18 years$45,122$37,339$30,712$25,126$20,460$10,025
19 years$42,301$34,605$28,115$22,704$18,237$8,510
20 years$39,765$32,157$25,803$20,562$16,289$7,234
21 years$37,473$29,953$23,734$18,662$14,577$6,157
22 years$35,392$27,960$21,874$16,968$13,066$5,245
23 years$33,495$26,150$20,197$15,453$11,729$4,473
24 years$31,759$24,501$18,679$14,094$10,542$3,816
25 years$30,164$22,993$17,300$12,871$9,487$3,259
26 years$28,695$21,610$16,045$11,769$8,545$2,784
27 years$27,336$20,337$14,899$10,772$7,704$2,379
28 years$26,077$19,164$13,851$9,870$6,952$2,034
29 years$24,906$18,079$12,889$9,051$6,277$1,740
30 years$23,816$17,074$12,006$8,306$5,672$1,488
31 years$22,798$16,140$11,193$7,629$5,128$1,273
32 years$21,846$15,272$10,443$7,011$4,638$1,090
33 years$20,953$14,463$9,751$6,447$4,198$933
34 years$20,114$13,707$9,111$5,932$3,801$799
35 years$19,326$13,001$8,518$5,461$3,442$684
36 years$18,582$12,340$7,968$5,029$3,119$586
37 years$17,881$11,720$7,458$4,634$2,827$502
38 years$17,218$11,138$6,984$4,271$2,563$430
39 years$16,590$10,592$6,543$3,938$2,324$368
40 years$15,996$10,077$6,133$3,632$2,108$315
41 years$15,432$9,592$5,751$3,351$1,912$270
42 years$14,896$9,135$5,395$3,093$1,735$231
43 years$14,386$8,704$5,062$2,855$1,575$198
44 years$13,901$8,297$4,752$2,636$1,430$170
45 years$13,439$7,912$4,462$2,435$1,298$145
46 years$12,998$7,548$4,190$2,249$1,178$125
47 years$12,578$7,203$3,937$2,078$1,070$107
48 years$12,176$6,876$3,700$1,920$972$91
49 years$11,791$6,566$3,477$1,774$883$78
50 years$11,423$6,272$3,269$1,640$802$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $11,700,000, adding $3,830 every year, while hoping to spend $48,990 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: 47/30/23 Blend
55$11,700,000$11,700,000$11,700,000$11,700,000
56$12,897,351$12,277,251$12,095,901$13,418,683
57$14,160,755$12,826,711$12,448,988$14,333,841
58$15,551,386$13,401,453$12,812,263$15,321,443
59$17,082,166$14,002,663$13,186,013$16,392,458
60$18,767,340$14,631,586$13,570,537$17,554,725
61$20,622,599$15,289,525$13,966,140$18,816,854
62$22,665,235$15,977,843$14,373,137$20,188,308
63$24,914,304$16,697,971$14,791,852$21,679,480
64$27,390,799$17,451,408$15,222,615$23,301,796
65$30,117,857$18,239,724$15,665,769$25,067,815
66$33,120,970$19,064,562$16,121,664$26,991,341
67$36,428,231$19,927,647$16,590,662$29,087,552
68$40,070,593$20,830,785$17,073,131$31,373,137
69$44,082,167$21,775,866$17,569,454$33,866,450
70$48,500,538$22,764,874$18,080,022$36,587,674
71$53,367,127$23,799,887$18,605,236$39,559,012
72$58,727,572$24,883,080$19,145,510$42,804,886
73$64,632,169$26,016,735$19,701,269$46,352,165
74$71,136,338$27,203,243$20,272,949$50,230,409
75$78,301,150$28,445,107$20,860,998$54,472,144
76$86,193,903$29,744,953$21,465,878$59,113,163
77$94,888,757$31,105,532$22,088,061$64,192,855
78$104,467,434$32,529,726$22,728,034$69,754,568
79$115,019,986$34,020,557$23,386,297$75,846,015
80$126,645,649$35,581,189$24,063,363$82,519,713
81$139,453,780$37,214,942$24,759,760$89,833,471
82$153,564,884$38,925,292$25,476,030$97,850,927
83$169,111,755$40,715,885$26,212,730$106,642,141
84$186,240,730$42,590,538$26,970,432$116,284,244
85$205,113,066$44,553,257$27,749,724$126,862,158
86$225,906,468$46,608,236$28,551,209$138,469,386
87$248,816,761$48,759,872$29,375,507$151,208,887
88$274,059,740$51,012,776$30,223,257$165,194,032
89$301,873,209$53,371,777$31,095,111$180,549,664
90$332,519,222$55,841,940$31,991,743$197,413,265
91$366,286,559$58,428,571$32,913,843$215,936,242
92$403,493,452$61,137,235$33,862,120$236,285,338
93$444,490,585$63,973,761$34,837,303$258,644,196
94$489,664,412$66,944,262$35,840,139$283,215,077
95$539,440,796$70,055,145$36,871,398$310,220,752
96$594,289,036$73,313,126$37,931,869$339,906,590
97$654,726,293$76,725,244$39,022,361$372,542,859
98$721,322,473$80,298,879$40,143,708$408,427,256
99$794,705,607$84,041,766$41,296,765$447,887,702
100$875,567,780$87,962,014$42,482,408$491,285,417