Can I retire at age 56 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$982,691$973,938$965,398$957,062$948,923$919,283
2 years$486,481$477,420$468,640$460,126$451,868$422,271
3 years$321,099$311,999$303,241$294,807$286,684$258,057
4 years$238,424$229,353$220,682$212,392$204,465$177,028
5 years$188,832$179,815$171,258$163,137$155,431$129,258
6 years$155,782$146,833$138,402$130,462$122,987$98,101
7 years$132,184$123,310$115,013$107,260$100,022$76,419
8 years$114,493$105,699$97,540$89,978$82,978$60,644
9 years$100,741$92,030$84,011$76,641$69,879$48,790
10 years$89,746$81,120$73,243$66,065$59,541$39,664
11 years$80,756$72,217$64,482$57,497$51,207$32,508
12 years$73,269$64,818$57,226$50,432$44,375$26,813
13 years$66,939$58,576$51,128$44,524$38,696$22,230
14 years$61,518$53,244$45,938$39,524$33,920$18,507
15 years$56,825$48,640$41,476$35,248$29,866$15,459
16 years$52,721$44,626$37,604$31,561$26,396$12,950
17 years$49,105$41,099$34,218$28,357$23,404$10,872
18 years$45,894$37,977$31,237$25,556$20,810$9,145
19 years$43,024$35,197$28,596$23,092$18,548$7,705
20 years$40,444$32,707$26,244$20,914$16,568$6,500
21 years$38,113$30,465$24,139$18,981$14,826$5,489
22 years$35,997$28,438$22,248$17,258$13,290$4,640
23 years$34,068$26,597$20,542$15,717$11,930$3,926
24 years$32,302$24,920$18,998$14,335$10,723$3,323
25 years$30,680$23,386$17,596$13,091$9,649$2,815
26 years$29,185$21,979$16,319$11,970$8,691$2,385
27 years$27,803$20,685$15,154$10,957$7,836$2,022
28 years$26,523$19,491$14,088$10,039$7,070$1,715
29 years$25,332$18,388$13,110$9,206$6,384$1,455
30 years$24,223$17,365$12,211$8,448$5,769$1,234
31 years$23,188$16,416$11,384$7,759$5,215$1,047
32 years$22,219$15,533$10,622$7,131$4,718$889
33 years$21,311$14,710$9,917$6,557$4,270$755
34 years$20,458$13,942$9,266$6,033$3,866$641
35 years$19,656$13,223$8,663$5,554$3,501$544
36 years$18,900$12,551$8,104$5,115$3,172$462
37 years$18,186$11,921$7,586$4,713$2,875$392
38 years$17,512$11,329$7,104$4,344$2,607$333
39 years$16,874$10,773$6,655$4,005$2,364$283
40 years$16,269$10,249$6,238$3,694$2,144$240
41 years$15,695$9,756$5,849$3,409$1,945$204
42 years$15,150$9,292$5,487$3,146$1,765$173
43 years$14,632$8,853$5,149$2,904$1,602$147
44 years$14,139$8,439$4,833$2,681$1,454$125
45 years$13,669$8,047$4,538$2,476$1,320$106
46 years$13,221$7,677$4,262$2,287$1,198$90
47 years$12,793$7,326$4,004$2,113$1,088$77
48 years$12,384$6,994$3,763$1,953$988$65
49 years$11,993$6,678$3,537$1,805$898$55
50 years$11,619$6,379$3,325$1,668$815$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $11,900,000, adding $4,978 every year, while hoping to spend $49,481 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: 55/37/8 Blend
55$11,900,000$11,900,000$11,900,000$11,900,000
56$13,118,935$12,488,235$12,303,785$13,815,327
57$14,404,419$13,047,511$12,663,314$14,845,701
58$15,819,364$13,632,533$13,033,229$15,961,075
59$17,376,922$14,244,511$13,413,826$17,174,238
60$19,091,587$14,884,711$13,805,408$18,494,489
61$20,979,328$15,554,461$14,208,289$19,932,049
62$23,057,741$16,255,151$14,622,788$21,498,149
63$25,346,216$16,988,238$15,049,236$23,205,134
64$27,866,117$17,755,249$15,487,973$25,066,575
65$30,640,988$18,557,783$15,939,347$27,097,390
66$33,696,770$19,397,516$16,403,716$29,313,983
67$37,062,050$20,276,204$16,881,450$31,734,391
68$40,768,327$21,195,685$17,372,926$34,378,453
69$44,850,311$22,157,889$17,878,534$37,267,987
70$49,346,252$23,164,834$18,398,674$40,426,993
71$54,298,297$24,218,638$18,933,757$43,881,872
72$59,752,890$25,321,519$19,484,205$47,661,669
73$65,761,211$26,475,799$20,050,452$51,798,344
74$72,379,657$27,683,916$20,632,944$56,327,060
75$79,670,374$28,948,420$21,232,140$61,286,514
76$87,701,847$30,271,987$21,848,511$66,719,290
77$96,549,540$31,657,419$22,482,541$72,672,256
78$106,296,614$33,107,653$23,134,727$79,196,997
79$117,034,709$34,625,769$23,805,581$86,350,293
80$128,864,808$36,214,991$24,495,627$94,194,646
81$141,898,194$37,878,700$25,205,405$102,798,861
82$156,257,493$39,620,440$25,935,470$112,238,685
83$172,077,840$41,443,924$26,686,391$122,597,509
84$189,508,149$43,353,045$27,458,754$133,967,151
85$208,712,517$45,351,881$28,253,159$146,448,703
86$229,871,779$47,444,709$29,070,225$160,153,479
87$253,185,208$49,636,008$29,910,586$175,204,053
88$278,872,403$51,930,476$30,774,894$191,735,398
89$307,175,354$54,333,035$31,663,819$209,896,151
90$338,360,732$56,848,845$32,578,049$229,850,003
91$372,722,404$59,483,316$33,518,290$251,777,223
92$410,584,206$62,242,115$34,485,270$275,876,350
93$452,303,001$65,131,185$35,479,732$302,366,046
94$498,272,048$68,156,754$36,502,445$331,487,148
95$548,924,714$71,325,351$37,554,193$363,504,916
96$604,738,562$74,643,821$38,635,786$398,711,528
97$666,239,864$78,119,337$39,748,054$437,428,809
98$734,008,565$81,759,419$40,891,848$480,011,253
99$808,683,758$85,571,951$42,068,045$526,849,349
100$890,969,721$89,565,196$43,277,544$578,373,240