Can I retire at age 56 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$949,659$941,200$932,947$924,892$917,026$885,194
2 years$470,128$461,373$452,887$444,660$436,679$404,938
3 years$310,306$301,512$293,048$284,898$277,047$246,394
4 years$230,410$221,643$213,264$205,253$197,592$168,262
5 years$182,485$173,771$165,501$157,654$150,207$122,276
6 years$150,546$141,897$133,750$126,077$118,853$92,344
7 years$127,741$119,165$111,147$103,655$96,660$71,567
8 years$110,645$102,146$94,261$86,953$80,188$56,492
9 years$97,355$88,937$81,187$74,065$67,530$45,200
10 years$86,729$78,393$70,781$63,845$57,539$36,538
11 years$78,041$69,789$62,314$55,564$49,486$29,772
12 years$70,806$62,639$55,302$48,737$42,883$24,410
13 years$64,689$56,607$49,409$43,028$37,395$20,114
14 years$59,451$51,454$44,394$38,195$32,780$16,641
15 years$54,914$47,005$40,082$34,063$28,862$13,812
16 years$50,949$43,126$36,340$30,500$25,509$11,495
17 years$47,454$39,717$33,068$27,404$22,618$9,587
18 years$44,351$36,701$30,187$24,697$20,111$8,010
19 years$41,578$34,014$27,635$22,315$17,925$6,703
20 years$39,085$31,607$25,362$20,211$16,011$5,616
21 years$36,832$29,441$23,328$18,343$14,328$4,710
22 years$34,787$27,482$21,500$16,678$12,843$3,954
23 years$32,923$25,703$19,852$15,189$11,529$3,321
24 years$31,216$24,082$18,359$13,853$10,362$2,791
25 years$29,649$22,600$17,005$12,651$9,324$2,347
26 years$28,204$21,240$15,771$11,568$8,399$1,975
27 years$26,869$19,990$14,645$10,588$7,572$1,662
28 years$25,631$18,836$13,614$9,701$6,833$1,399
29 years$24,481$17,770$12,669$8,896$6,170$1,178
30 years$23,409$16,782$11,801$8,164$5,575$992
31 years$22,408$15,864$11,002$7,498$5,040$836
32 years$21,472$15,011$10,265$6,891$4,559$704
33 years$20,595$14,215$9,584$6,337$4,126$593
34 years$19,771$13,473$8,955$5,831$3,736$500
35 years$18,995$12,779$8,372$5,367$3,384$421
36 years$18,265$12,129$7,832$4,943$3,066$355
37 years$17,575$11,520$7,331$4,555$2,779$299
38 years$16,923$10,948$6,865$4,198$2,519$252
39 years$16,307$10,410$6,432$3,871$2,284$213
40 years$15,722$9,905$6,028$3,570$2,072$179
41 years$15,168$9,428$5,653$3,294$1,880$151
42 years$14,641$8,979$5,302$3,040$1,706$127
43 years$14,140$8,555$4,976$2,806$1,548$107
44 years$13,664$8,155$4,670$2,591$1,405$91
45 years$13,209$7,777$4,385$2,393$1,276$76
46 years$12,776$7,419$4,119$2,210$1,158$64
47 years$12,363$7,080$3,870$2,042$1,052$54
48 years$11,967$6,758$3,636$1,887$955$46
49 years$11,590$6,454$3,418$1,744$867$39
50 years$11,228$6,165$3,213$1,612$788$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $11,500,000, adding $3,783 every year, while hoping to spend $51,167 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: 60/15/25 Blend
55$11,500,000$11,500,000$11,500,000$11,500,000
56$12,676,902$12,067,402$11,889,152$13,352,333
57$13,915,505$12,604,264$12,232,997$14,349,101
58$15,278,730$13,165,716$12,586,647$15,430,317
59$16,779,236$13,752,911$12,950,374$16,608,960
60$18,430,968$14,367,054$13,324,462$17,894,516
61$20,249,295$15,009,408$13,709,200$19,297,419
62$22,251,149$15,681,296$14,104,885$20,829,152
63$24,455,191$16,384,103$14,511,822$22,502,347
64$26,881,979$17,119,283$14,930,327$24,330,910
65$29,554,169$17,888,356$15,360,721$26,330,142
66$32,496,724$18,692,915$15,803,335$28,516,887
67$35,737,153$19,534,631$16,258,510$30,909,682
68$39,305,767$20,415,252$16,726,594$33,528,937
69$43,235,967$21,336,612$17,207,947$36,397,117
70$47,564,560$22,300,630$17,702,938$39,538,955
71$52,332,103$23,309,319$18,211,944$42,981,684
72$57,583,288$24,364,786$18,735,354$46,755,285
73$63,367,363$25,469,240$19,273,569$50,892,772
74$69,738,597$26,624,996$19,826,996$55,430,499
75$76,756,791$27,834,478$20,396,058$60,408,496
76$84,487,844$29,100,228$20,981,186$65,870,847
77$93,004,374$30,424,908$21,582,825$71,866,101
78$102,386,400$31,811,309$22,201,430$78,447,724
79$112,722,104$33,262,354$22,837,469$85,674,603
80$124,108,657$34,781,108$23,491,423$93,611,594
81$136,653,138$36,370,781$24,163,784$102,330,131
82$150,473,547$38,034,738$24,855,059$111,908,895
83$165,699,914$39,776,505$25,565,769$122,434,551
84$182,475,529$41,599,778$26,296,446$134,002,564
85$200,958,295$43,508,429$27,047,639$146,718,090
86$221,322,217$45,506,517$27,819,910$160,696,964
87$243,759,043$47,598,296$28,613,837$176,066,790
88$268,480,076$49,788,224$29,430,012$192,968,136
89$295,718,171$52,080,974$30,269,044$211,555,858
90$325,729,924$54,481,441$31,131,557$232,000,551
91$358,798,104$56,994,760$32,018,192$254,490,153
92$395,234,315$59,626,308$32,929,606$279,231,716
93$435,381,943$62,381,724$33,866,475$306,453,346
94$479,619,391$65,266,919$34,829,492$336,406,354
95$528,363,656$68,288,085$35,819,367$369,367,617
96$582,074,263$71,451,715$36,836,830$405,642,184
97$641,257,604$74,764,616$37,882,630$445,566,145
98$706,471,717$78,233,919$38,957,535$489,509,795
99$778,331,552$81,867,101$40,062,333$537,881,123
100$857,514,783$85,672,001$41,197,833$591,129,646