Can I retire at age 56 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$916,628$908,463$900,497$892,722$885,130$855,427
2 years$453,776$445,325$437,134$429,193$421,490$391,858
3 years$299,512$291,025$282,855$274,988$267,411$238,780
4 years$222,396$213,934$205,846$198,114$190,720$163,309
5 years$176,138$167,727$159,745$152,170$144,982$118,865
6 years$145,309$136,962$129,098$121,692$114,719$89,916
7 years$123,297$115,020$107,281$100,049$93,298$69,804
8 years$106,796$98,593$90,983$83,929$77,399$55,199
9 years$93,968$85,843$78,363$71,489$65,181$44,246
10 years$83,712$75,667$68,319$61,624$55,538$35,835
11 years$75,327$67,362$60,147$53,631$47,764$29,256
12 years$68,343$60,460$53,379$47,042$41,392$24,035
13 years$62,439$54,638$47,690$41,531$36,094$19,846
14 years$57,383$49,665$42,850$36,867$31,640$16,453
15 years$53,004$45,370$38,688$32,879$27,858$13,686
16 years$49,177$41,626$35,076$29,439$24,621$11,414
17 years$45,804$38,336$31,918$26,451$21,831$9,541
18 years$42,808$35,424$29,137$23,838$19,411$7,990
19 years$40,132$32,831$26,673$21,539$17,302$6,701
20 years$37,725$30,508$24,480$19,508$15,454$5,627
21 years$35,551$28,417$22,517$17,705$13,830$4,730
22 years$33,577$26,526$20,752$16,098$12,396$3,980
23 years$31,778$24,809$19,161$14,660$11,128$3,351
24 years$30,131$23,245$17,721$13,371$10,002$2,823
25 years$28,618$21,814$16,413$12,211$9,000$2,380
26 years$27,223$20,502$15,222$11,165$8,107$2,007
27 years$25,934$19,294$14,135$10,220$7,309$1,693
28 years$24,739$18,181$13,141$9,364$6,595$1,429
29 years$23,629$17,152$12,228$8,587$5,955$1,206
30 years$22,595$16,198$11,390$7,880$5,381$1,018
31 years$21,629$15,312$10,619$7,238$4,865$860
32 years$20,726$14,489$9,908$6,652$4,401$726
33 years$19,878$13,721$9,251$6,117$3,983$614
34 years$19,083$13,004$8,643$5,628$3,606$518
35 years$18,335$12,334$8,081$5,181$3,266$438
36 years$17,629$11,707$7,560$4,771$2,959$370
37 years$16,964$11,119$7,076$4,396$2,682$313
38 years$16,335$10,567$6,626$4,052$2,431$264
39 years$15,740$10,048$6,208$3,736$2,205$223
40 years$15,175$9,560$5,819$3,446$2,000$189
41 years$14,640$9,100$5,456$3,179$1,814$159
42 years$14,132$8,667$5,118$2,934$1,646$135
43 years$13,649$8,258$4,802$2,709$1,494$114
44 years$13,188$7,871$4,508$2,501$1,356$96
45 years$12,750$7,506$4,233$2,310$1,231$81
46 years$12,332$7,161$3,976$2,134$1,118$69
47 years$11,933$6,833$3,735$1,971$1,015$58
48 years$11,551$6,523$3,510$1,821$922$49
49 years$11,186$6,229$3,299$1,683$837$42
50 years$10,837$5,951$3,102$1,556$760$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $11,100,000, adding $5,844 every year, while hoping to spend $28,850 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: 50/32/18 Blend
55$11,100,000$11,100,000$11,100,000$11,100,000
56$12,238,228$11,649,928$11,477,878$12,788,703
57$13,455,831$12,190,078$11,831,691$13,709,410
58$14,796,663$12,755,729$12,196,389$14,706,001
59$16,273,262$13,348,099$12,572,308$15,788,459
60$17,899,445$13,968,467$12,959,791$16,964,889
61$19,690,438$14,618,171$13,359,193$18,244,197
62$21,663,018$15,298,617$13,770,881$19,636,166
63$23,835,671$16,011,274$14,195,231$21,151,547
64$26,228,771$16,757,688$14,632,633$22,802,155
65$28,864,765$17,539,474$15,083,486$24,600,978
66$31,768,392$18,358,329$15,548,203$26,562,290
67$34,966,910$19,216,029$16,027,210$28,701,789
68$38,490,358$20,114,438$16,520,945$31,036,733
69$42,371,838$21,055,509$17,029,860$33,586,100
70$46,647,827$22,041,290$17,554,421$36,370,762
71$51,358,519$23,073,927$18,095,108$39,413,678
72$56,548,208$24,155,670$18,652,415$42,740,101
73$62,265,707$25,288,879$19,226,852$46,377,813
74$68,564,802$26,476,028$19,818,945$50,357,379
75$75,504,767$27,719,708$20,429,234$54,712,429
76$83,150,918$29,022,639$21,058,279$59,479,970
77$91,575,234$30,387,670$21,706,653$64,700,726
78$100,857,032$31,817,790$22,374,950$70,419,513
79$111,083,718$33,316,131$23,063,780$76,685,658
80$122,351,614$34,885,978$23,773,773$83,553,454
81$134,766,862$36,530,774$24,505,578$91,082,662
82$148,446,429$38,254,129$25,259,862$99,339,067
83$163,519,213$40,059,830$26,037,316$108,395,091
84$180,127,255$41,951,844$26,838,648$118,330,463
85$198,427,084$43,934,333$27,664,592$129,232,963
86$218,591,191$46,011,659$28,515,900$141,199,239
87$240,809,660$48,188,398$29,393,350$154,335,708
88$265,291,961$50,469,345$30,297,743$168,759,547
89$292,268,928$52,859,530$31,229,904$184,599,787
90$321,994,936$55,364,225$32,190,684$201,998,517
91$354,750,307$57,988,960$33,180,959$221,112,214
92$390,843,950$60,739,530$34,201,633$242,113,201
93$430,616,282$63,622,016$35,253,637$265,191,261
94$474,442,439$66,642,791$36,337,929$290,555,412
95$522,735,817$69,808,537$37,455,499$318,435,864
96$575,951,978$73,126,263$38,607,366$349,086,173
97$634,592,945$76,603,316$39,794,579$382,785,617
98$699,211,949$80,247,401$41,018,220$419,841,811
99$770,418,642$84,066,598$42,279,405$460,593,596
100$848,884,861$88,069,379$43,579,283$505,414,211