Can I retire at age 56 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$933,143$924,831$916,722$908,807$901,078$892,039
2 years$461,952$453,349$445,011$436,926$429,085$419,981
3 years$304,909$296,268$287,951$279,943$272,229$263,342
4 years$226,403$217,789$209,555$201,683$194,156$185,555
5 years$179,311$170,749$162,623$154,912$147,594$139,304
6 years$147,927$139,429$131,424$123,884$116,786$108,818
7 years$125,519$117,093$109,214$101,852$94,979$87,334
8 years$108,720$100,370$92,622$85,441$78,794$71,474
9 years$95,662$87,390$79,775$72,777$66,356$59,358
10 years$85,221$77,030$69,550$62,734$56,538$49,858
11 years$76,684$68,575$61,231$54,598$48,625$42,256
12 years$69,575$61,550$54,341$47,890$42,137$36,074
13 years$63,564$55,623$48,550$42,279$36,745$30,980
14 years$58,417$50,560$43,622$37,531$32,210$26,736
15 years$53,959$46,187$39,385$33,471$28,360$23,169
16 years$50,063$42,376$35,708$29,970$25,065$20,147
17 years$46,629$39,027$32,493$26,927$22,224$17,571
18 years$43,580$36,062$29,662$24,267$19,761$15,364
19 years$40,855$33,422$27,154$21,927$17,613$13,462
20 years$38,405$31,057$24,921$19,859$15,732$11,819
21 years$36,192$28,929$22,922$18,024$14,079$10,392
22 years$34,182$27,004$21,126$16,388$12,620$9,151
23 years$32,350$25,256$19,506$14,925$11,328$8,068
24 years$30,673$23,664$18,040$13,612$10,182$7,120
25 years$29,133$22,207$16,709$12,431$9,162$6,290
26 years$27,714$20,871$15,497$11,367$8,253$5,561
27 years$26,402$19,642$14,390$10,404$7,441$4,921
28 years$25,185$18,509$13,377$9,532$6,714$4,356
29 years$24,055$17,461$12,449$8,741$6,063$3,859
30 years$23,002$16,490$11,596$8,022$5,478$3,420
31 years$22,019$15,588$10,810$7,368$4,953$3,032
32 years$21,099$14,750$10,086$6,771$4,480$2,690
33 years$20,237$13,968$9,417$6,227$4,054$2,387
34 years$19,427$13,239$8,799$5,729$3,671$2,118
35 years$18,665$12,557$8,227$5,274$3,325$1,881
36 years$17,947$11,918$7,696$4,857$3,012$1,670
37 years$17,269$11,320$7,203$4,475$2,730$1,483
38 years$16,629$10,758$6,745$4,125$2,475$1,318
39 years$16,023$10,229$6,320$3,803$2,245$1,171
40 years$15,449$9,732$5,923$3,508$2,036$1,040
41 years$14,904$9,264$5,554$3,237$1,847$925
42 years$14,387$8,823$5,210$2,987$1,676$822
43 years$13,894$8,407$4,889$2,757$1,521$731
44 years$13,426$8,013$4,589$2,546$1,381$650
45 years$12,980$7,641$4,309$2,351$1,253$578
46 years$12,554$7,290$4,047$2,172$1,138$514
47 years$12,148$6,956$3,802$2,007$1,033$457
48 years$11,759$6,641$3,573$1,854$938$406
49 years$11,388$6,342$3,358$1,714$852$361
50 years$11,033$6,058$3,157$1,584$774$321

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $11,300,000, adding $3,527 every year, while hoping to spend $52,569 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: 50/33/17 Blend
55$11,300,000$11,300,000$11,300,000$11,300,000
56$12,456,238$11,857,338$11,682,188$13,020,279
57$13,670,841$12,382,415$12,017,608$13,934,563
58$15,007,572$12,931,458$12,362,503$14,921,889
59$16,478,832$13,505,587$12,717,135$15,993,739
60$18,098,286$14,105,974$13,081,772$17,158,096
61$19,880,991$14,733,846$13,456,691$18,423,729
62$21,843,537$15,390,489$13,842,175$19,800,275
63$24,004,205$16,077,251$14,238,515$21,298,324
64$26,383,139$16,795,541$14,646,010$22,929,517
65$29,002,535$17,546,839$15,064,968$24,706,649
66$31,886,852$18,332,692$15,495,702$26,643,788
67$35,063,039$19,154,723$15,938,537$28,756,404
68$38,560,796$20,014,630$16,393,804$31,061,505
69$42,412,845$20,914,195$16,861,845$33,577,799
70$46,655,247$21,855,282$17,343,008$36,325,863
71$51,327,737$22,839,846$17,837,654$39,328,331
72$56,474,101$23,869,934$18,346,150$42,610,101
73$62,142,589$24,947,690$18,868,876$46,198,570
74$68,386,369$26,075,363$19,406,219$50,123,878
75$75,264,029$27,255,306$19,958,578$54,419,194
76$82,840,131$28,489,987$20,526,362$59,121,017
77$91,185,820$29,781,992$21,109,990$64,269,517
78$100,379,493$31,134,029$21,709,894$69,908,904
79$110,507,541$32,548,936$22,326,515$76,087,841
80$121,665,164$34,029,688$22,960,308$82,859,891
81$133,957,270$35,579,401$23,611,736$90,284,020
82$147,499,461$37,201,341$24,281,279$98,425,140
83$162,419,130$38,898,931$24,969,426$107,354,715
84$178,856,659$40,675,756$25,676,679$117,151,425
85$196,966,745$42,535,576$26,403,555$127,901,902
86$216,919,861$44,482,327$27,150,583$139,701,531
87$238,903,865$46,520,139$27,918,305$152,655,346
88$263,125,769$48,653,336$28,707,278$166,879,009
89$289,813,699$50,886,451$29,518,074$182,499,884
90$319,219,045$53,224,236$30,351,278$199,658,237
91$351,618,834$55,671,669$31,207,492$218,508,538
92$387,318,343$58,233,969$32,087,331$239,220,911
93$426,653,985$60,916,605$32,991,428$261,982,723
94$469,996,482$63,725,309$33,920,431$287,000,341
95$517,754,363$66,666,089$34,875,005$314,501,062
96$570,377,822$69,745,241$35,855,832$344,735,242
97$628,362,969$72,969,367$36,863,611$377,978,645
98$692,256,508$76,345,382$37,899,058$414,535,027
99$762,660,905$79,880,539$38,962,910$454,738,986
100$840,240,068$83,582,436$40,055,918$498,959,100