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%11.2%
1 years$974,433$965,753$957,285$949,019$940,949$936,196
2 years$482,393$473,408$464,701$456,259$448,071$443,275
3 years$318,401$309,378$300,693$292,330$284,274$279,583
4 years$236,421$227,425$218,827$210,607$202,747$198,196
5 years$187,245$178,304$169,819$161,766$154,125$149,729
6 years$154,473$145,599$137,239$129,366$121,954$117,717
7 years$131,073$122,274$114,046$106,359$99,181$95,107
8 years$113,531$104,811$96,720$89,222$82,280$78,368
9 years$99,894$91,257$83,305$75,997$69,292$65,541
10 years$88,992$80,438$72,627$65,510$59,040$55,449
11 years$80,077$71,610$63,940$57,014$50,777$47,343
12 years$72,653$64,273$56,745$50,009$44,002$40,722
13 years$66,377$58,084$50,698$44,150$38,370$35,242
14 years$61,001$52,797$45,552$39,192$33,635$30,655
15 years$56,347$48,231$41,128$34,952$29,615$26,779
16 years$52,278$44,251$37,288$31,296$26,174$23,478
17 years$48,692$40,753$33,931$28,119$23,208$20,647
18 years$45,508$37,658$30,974$25,341$20,635$18,207
19 years$42,662$34,901$28,356$22,898$18,393$16,092
20 years$40,104$32,432$26,023$20,738$16,429$14,251
21 years$37,793$30,209$23,936$18,821$14,702$12,642
22 years$35,695$28,199$22,061$17,113$13,178$11,232
23 years$33,782$26,374$20,370$15,585$11,829$9,993
24 years$32,031$24,711$18,838$14,214$10,633$8,901
25 years$30,422$23,190$17,448$12,981$9,568$7,937
26 years$28,940$21,795$16,182$11,870$8,618$7,084
27 years$27,570$20,511$15,027$10,864$7,770$6,327
28 years$26,300$19,328$13,969$9,954$7,011$5,655
29 years$25,119$18,233$13,000$9,128$6,331$5,058
30 years$24,020$17,219$12,109$8,377$5,720$4,527
31 years$22,993$16,278$11,289$7,694$5,172$4,053
32 years$22,033$15,402$10,532$7,071$4,678$3,631
33 years$21,132$14,586$9,834$6,502$4,234$3,254
34 years$20,286$13,825$9,188$5,983$3,833$2,917
35 years$19,491$13,112$8,591$5,507$3,472$2,616
36 years$18,741$12,446$8,036$5,072$3,146$2,347
37 years$18,034$11,820$7,522$4,673$2,851$2,105
38 years$17,365$11,234$7,044$4,308$2,585$1,890
39 years$16,732$10,682$6,599$3,972$2,344$1,696
40 years$16,132$10,163$6,186$3,663$2,126$1,523
41 years$15,564$9,674$5,800$3,380$1,929$1,367
42 years$15,023$9,213$5,441$3,119$1,750$1,228
43 years$14,509$8,779$5,105$2,879$1,588$1,103
44 years$14,020$8,368$4,792$2,659$1,442$991
45 years$13,554$7,979$4,500$2,455$1,309$890
46 years$13,109$7,612$4,226$2,268$1,188$800
47 years$12,685$7,264$3,971$2,095$1,079$719
48 years$12,280$6,935$3,731$1,936$980$646
49 years$11,892$6,622$3,507$1,789$890$581
50 years$11,521$6,326$3,297$1,654$808$522

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 $6,236 every year, while hoping to spend $38,283 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: 56/16/28 Blend
55$11,800,000$11,800,000$11,800,000$11,800,000
56$13,010,032$12,384,632$12,201,732$13,637,847
57$14,296,323$12,950,747$12,569,758$14,636,665
58$15,712,532$13,543,317$12,948,829$15,719,884
59$17,271,871$14,163,600$13,339,275$16,899,377
60$18,988,897$14,812,912$13,741,436$18,184,447
61$20,879,652$15,492,632$14,155,661$19,585,327
62$22,961,811$16,204,206$14,582,311$21,113,272
63$25,254,852$16,949,148$15,021,755$22,780,662
64$27,780,238$17,729,047$15,474,374$24,601,120
65$30,561,619$18,545,567$15,940,562$26,589,635
66$33,625,056$19,400,452$16,420,723$28,762,698
67$36,999,268$20,295,531$16,915,274$31,138,461
68$40,715,899$21,232,718$17,424,642$33,736,897
69$44,809,823$22,214,023$17,949,269$36,579,992
70$49,319,465$23,241,550$18,489,610$39,691,945
71$54,287,170$24,317,506$19,046,131$43,099,393
72$59,759,601$25,444,203$19,619,316$46,831,659
73$65,788,176$26,624,065$20,209,659$50,921,027
74$72,429,558$27,859,632$20,817,671$55,403,038
75$79,746,188$29,153,569$21,443,878$60,316,824
76$87,806,871$30,508,666$22,088,820$65,705,472
77$96,687,432$31,927,850$22,753,055$71,616,428
78$106,471,423$33,414,188$23,437,155$78,101,934
79$117,250,921$34,970,896$24,141,713$85,219,523
80$129,127,389$36,601,344$24,867,334$93,032,553
81$142,212,638$38,309,066$25,614,645$101,610,797
82$156,629,882$40,097,764$26,384,291$111,031,102
83$172,514,898$41,971,323$27,176,933$121,378,104
84$190,017,313$43,933,813$27,993,255$132,745,019
85$209,302,009$45,989,500$28,833,959$145,234,521
86$230,550,687$48,142,859$29,699,770$158,959,700
87$253,963,576$50,398,577$30,591,431$174,045,125
88$279,761,326$52,761,573$31,509,709$190,628,011
89$308,187,091$55,237,000$32,455,394$208,859,507
90$339,508,822$57,830,261$33,429,298$228,906,112
91$374,021,799$60,547,021$34,432,257$250,951,243
92$412,051,417$63,393,219$35,465,132$275,196,954
93$453,956,257$66,375,082$36,528,809$301,865,834
94$500,131,471$69,499,138$37,624,201$331,203,100
95$551,012,516$72,772,230$38,752,246$363,478,900
96$607,079,257$76,201,534$39,913,911$398,990,854
97$668,860,506$79,794,573$41,110,191$438,066,853
98$736,939,005$83,559,235$42,342,110$481,068,140
99$811,956,935$87,503,789$43,610,722$528,392,710
100$894,621,974$91,636,906$44,917,113$580,479,055