Can I retire at age 56 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$974,433$965,753$957,285$949,019$940,949$916,343
2 years$482,393$473,408$464,701$456,259$448,071$423,449
3 years$318,401$309,378$300,693$292,330$284,274$260,406
4 years$236,421$227,425$218,827$210,607$202,747$179,816
5 years$187,245$178,304$169,819$161,766$154,125$132,195
6 years$154,473$145,599$137,239$129,366$121,954$101,046
7 years$131,073$122,274$114,046$106,359$99,181$79,297
8 years$113,531$104,811$96,720$89,222$82,280$63,411
9 years$99,894$91,257$83,305$75,997$69,292$51,420
10 years$88,992$80,438$72,627$65,510$59,040$42,143
11 years$80,077$71,610$63,940$57,014$50,777$34,829
12 years$72,653$64,273$56,745$50,009$44,002$28,976
13 years$66,377$58,084$50,698$44,150$38,370$24,235
14 years$61,001$52,797$45,552$39,192$33,635$20,358
15 years$56,347$48,231$41,128$34,952$29,615$17,162
16 years$52,278$44,251$37,288$31,296$26,174$14,511
17 years$48,692$40,753$33,931$28,119$23,208$12,299
18 years$45,508$37,658$30,974$25,341$20,635$10,446
19 years$42,662$34,901$28,356$22,898$18,393$8,887
20 years$40,104$32,432$26,023$20,738$16,429$7,572
21 years$37,793$30,209$23,936$18,821$14,702$6,459
22 years$35,695$28,199$22,061$17,113$13,178$5,516
23 years$33,782$26,374$20,370$15,585$11,829$4,714
24 years$32,031$24,711$18,838$14,214$10,633$4,032
25 years$30,422$23,190$17,448$12,981$9,568$3,451
26 years$28,940$21,795$16,182$11,870$8,618$2,955
27 years$27,570$20,511$15,027$10,864$7,770$2,532
28 years$26,300$19,328$13,969$9,954$7,011$2,170
29 years$25,119$18,233$13,000$9,128$6,331$1,860
30 years$24,020$17,219$12,109$8,377$5,720$1,596
31 years$22,993$16,278$11,289$7,694$5,172$1,369
32 years$22,033$15,402$10,532$7,071$4,678$1,174
33 years$21,132$14,586$9,834$6,502$4,234$1,008
34 years$20,286$13,825$9,188$5,983$3,833$865
35 years$19,491$13,112$8,591$5,507$3,472$742
36 years$18,741$12,446$8,036$5,072$3,146$637
37 years$18,034$11,820$7,522$4,673$2,851$547
38 years$17,365$11,234$7,044$4,308$2,585$470
39 years$16,732$10,682$6,599$3,972$2,344$404
40 years$16,132$10,163$6,186$3,663$2,126$347
41 years$15,564$9,674$5,800$3,380$1,929$298
42 years$15,023$9,213$5,441$3,119$1,750$256
43 years$14,509$8,779$5,105$2,879$1,588$220
44 years$14,020$8,368$4,792$2,659$1,442$189
45 years$13,554$7,979$4,500$2,455$1,309$162
46 years$13,109$7,612$4,226$2,268$1,188$139
47 years$12,685$7,264$3,971$2,095$1,079$120
48 years$12,280$6,935$3,731$1,936$980$103
49 years$11,892$6,622$3,507$1,789$890$88
50 years$11,521$6,326$3,297$1,654$808$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $11,800,000, adding $6,466 every year, while hoping to spend $59,936 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: 58/24/18 Blend
55$11,800,000$11,800,000$11,800,000$11,800,000
56$13,010,270$12,384,870$12,201,970$13,703,078
57$14,273,546$12,927,957$12,546,964$14,716,841
58$15,663,667$13,495,646$12,901,507$15,814,383
59$17,193,509$14,089,081$13,265,855$17,009,538
60$18,877,257$14,709,456$13,640,272$18,311,726
61$20,730,543$15,358,025$14,025,027$19,731,301
62$22,770,590$16,036,100$14,420,397$21,279,656
63$25,016,376$16,745,055$14,826,666$22,969,317
64$27,488,812$17,486,328$15,244,125$24,814,069
65$30,210,942$18,261,429$15,673,074$26,829,074
66$33,208,153$19,071,935$16,113,817$29,031,014
67$36,508,425$19,919,500$16,566,670$31,438,248
68$40,142,586$20,805,856$17,031,955$34,070,974
69$44,144,605$21,732,818$17,510,001$36,951,425
70$48,551,915$22,702,287$18,001,147$40,104,067
71$53,405,765$23,716,254$18,505,740$43,555,831
72$58,751,607$24,776,804$19,024,136$47,336,359
73$64,639,526$25,886,122$19,556,699$51,478,282
74$71,124,713$27,046,498$20,103,804$56,017,522
75$78,267,985$28,260,328$20,665,833$60,993,627
76$86,136,361$29,530,126$21,243,180$66,450,136
77$94,803,690$30,858,522$21,836,247$72,434,990
78$104,351,351$32,248,274$22,445,446$79,000,974
79$114,869,021$33,702,272$23,071,200$86,206,212
80$126,455,519$35,223,541$23,713,943$94,114,707
81$139,219,740$36,815,252$24,374,118$102,796,944
82$153,281,683$38,480,729$25,052,181$112,330,542
83$168,773,583$40,223,453$25,748,597$122,800,982
84$185,841,157$42,047,071$26,463,843$134,302,410
85$204,644,982$43,955,405$27,198,410$146,938,514
86$225,362,011$45,952,460$27,952,797$160,823,496
87$248,187,239$48,042,433$28,727,518$176,083,141
88$273,335,546$50,229,721$29,523,099$192,855,999
89$301,043,727$52,518,933$30,340,078$211,294,678
90$331,572,723$54,914,896$31,179,006$231,567,282
91$365,210,086$57,422,672$32,040,449$253,858,981
92$402,272,694$60,047,562$32,924,983$278,373,754
93$443,109,741$62,795,124$33,833,202$305,336,300
94$488,106,030$65,671,182$34,765,710$334,994,152
95$537,685,613$68,681,837$35,723,129$367,619,996
96$592,315,786$71,833,488$36,706,094$403,514,240
97$652,511,503$75,132,835$37,715,255$443,007,831
98$718,840,237$78,586,905$38,751,277$486,465,367
99$791,927,338$82,203,060$39,814,842$534,288,528
100$872,461,933$85,989,017$40,906,646$586,919,849