Can I retire at age 56 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$941,401$933,016$924,835$916,849$909,052$878,898
2 years$466,040$457,361$448,949$440,793$432,882$402,795
3 years$307,607$298,890$290,500$282,420$274,638$245,562
4 years$228,406$219,716$211,409$203,468$195,874$168,032
5 years$180,898$172,260$164,062$156,283$148,900$122,367
6 years$149,236$140,663$132,587$124,981$117,820$92,616
7 years$126,630$118,129$110,180$102,754$95,819$71,942
8 years$109,682$101,258$93,442$86,197$79,491$56,922
9 years$96,508$88,163$80,481$73,421$66,943$45,656
10 years$85,975$77,712$70,165$63,290$57,039$37,000
11 years$77,362$69,182$61,772$55,081$49,055$30,226
12 years$70,191$62,094$54,821$48,313$42,510$24,849
13 years$64,127$56,115$48,979$42,653$37,070$20,532
14 years$58,934$51,007$44,008$37,863$32,495$17,034
15 years$54,437$46,596$39,733$33,767$28,611$14,179
16 years$50,506$42,751$36,024$30,235$25,287$11,834
17 years$47,042$39,372$32,781$27,166$22,421$9,899
18 years$43,965$36,381$29,924$24,482$19,936$8,296
19 years$41,216$33,718$27,394$22,121$17,769$6,963
20 years$38,745$31,332$25,141$20,035$15,872$5,851
21 years$36,512$29,185$23,125$18,183$14,203$4,923
22 years$34,485$27,243$21,313$16,533$12,731$4,145
23 years$32,637$25,480$19,679$15,057$11,428$3,493
24 years$30,945$23,873$18,200$13,733$10,272$2,945
25 years$29,391$22,404$16,857$12,541$9,243$2,485
26 years$27,959$21,056$15,634$11,467$8,326$2,097
27 years$26,635$19,816$14,517$10,496$7,507$1,771
28 years$25,408$18,672$13,496$9,617$6,773$1,495
29 years$24,268$17,615$12,559$8,819$6,116$1,263
30 years$23,205$16,636$11,698$8,093$5,526$1,068
31 years$22,214$15,726$10,906$7,433$4,996$902
32 years$21,286$14,880$10,175$6,831$4,520$763
33 years$20,416$14,092$9,501$6,282$4,090$645
34 years$19,599$13,356$8,877$5,780$3,703$545
35 years$18,830$12,668$8,299$5,321$3,354$461
36 years$18,106$12,024$7,764$4,900$3,039$390
37 years$17,422$11,420$7,267$4,515$2,754$330
38 years$16,776$10,853$6,805$4,162$2,497$279
39 years$16,165$10,320$6,376$3,837$2,264$236
40 years$15,586$9,819$5,976$3,539$2,054$199
41 years$15,036$9,346$5,603$3,265$1,863$169
42 years$14,514$8,901$5,256$3,014$1,691$143
43 years$14,017$8,481$4,932$2,782$1,535$121
44 years$13,545$8,084$4,630$2,569$1,393$102
45 years$13,095$7,709$4,347$2,372$1,264$86
46 years$12,665$7,354$4,083$2,191$1,148$73
47 years$12,255$7,018$3,836$2,024$1,043$62
48 years$11,863$6,700$3,605$1,871$947$52
49 years$11,489$6,398$3,388$1,729$860$44
50 years$11,130$6,111$3,185$1,598$781$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $11,400,000, adding $5,477 every year, while hoping to spend $32,585 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: 55/18/27 Blend
55$11,400,000$11,400,000$11,400,000$11,400,000
56$12,568,450$11,964,250$11,787,550$13,165,666
57$13,815,761$12,515,828$12,147,762$14,129,308
58$15,189,207$13,093,341$12,518,950$15,174,458
59$16,701,617$13,698,026$12,901,446$16,312,124
60$18,367,131$14,331,178$13,295,594$17,551,214
61$20,201,329$14,994,156$13,701,747$18,901,529
62$22,221,379$15,688,384$14,120,269$20,373,843
63$24,446,198$16,415,354$14,551,537$21,980,010
64$26,896,634$17,176,630$14,995,937$23,733,069
65$29,595,657$17,973,851$15,453,868$25,647,361
66$32,568,581$18,808,737$15,925,739$27,738,671
67$35,843,299$19,683,088$16,411,975$30,024,361
68$39,450,550$20,598,794$16,913,010$32,523,540
69$43,424,204$21,557,832$17,429,293$35,257,237
70$47,801,586$22,562,279$17,961,288$38,248,596
71$52,623,826$23,614,310$18,509,470$41,523,089
72$57,936,250$24,716,204$19,074,330$45,108,754
73$63,788,801$25,870,352$19,656,374$49,036,457
74$70,236,519$27,079,259$20,256,123$53,340,174
75$77,340,053$28,345,553$20,874,113$58,057,312
76$85,166,240$29,671,986$21,510,897$63,229,053
77$93,788,729$31,061,446$22,167,044$68,900,742
78$103,288,681$32,516,958$22,843,142$75,122,305
79$113,755,534$34,041,696$23,539,794$81,948,718
80$125,287,845$35,638,986$24,257,624$89,440,518
81$137,994,223$37,312,314$24,997,272$97,664,371
82$151,994,352$39,065,336$25,759,399$106,693,693
83$167,420,123$40,901,885$26,544,686$116,609,336
84$184,416,877$42,825,978$27,353,835$127,500,346
85$203,144,777$44,841,830$28,187,566$139,464,794
86$223,780,320$46,953,855$29,046,625$152,610,698
87$246,518,003$49,166,685$29,931,778$167,057,030
88$271,572,161$51,485,174$30,843,815$182,934,837
89$299,178,987$53,914,413$31,783,548$200,388,462
90$329,598,763$56,459,739$32,751,816$219,576,905
91$363,118,317$59,126,746$33,749,482$240,675,309
92$400,053,731$61,921,302$34,777,435$263,876,609
93$440,753,323$64,849,557$35,836,591$289,393,336
94$485,600,938$67,917,962$36,927,892$317,459,620
95$535,019,569$71,133,277$38,052,312$348,333,387
96$589,475,352$74,502,594$39,210,851$382,298,778
97$649,481,963$78,033,347$40,404,541$419,668,826
98$715,605,474$81,733,331$41,634,443$460,788,394
99$788,469,687$85,610,719$42,901,651$506,037,418
100$868,762,032$89,674,082$44,207,294$555,834,483