Can I retire at age 56 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$957,917$949,385$941,060$932,934$925,000$900,447
2 years$474,216$465,385$456,825$448,526$440,476$415,911
3 years$313,004$304,134$295,596$287,375$279,456$255,647
4 years$232,413$223,571$215,118$207,038$199,311$176,441
5 years$184,072$175,282$166,941$159,025$151,513$129,646
6 years$151,855$143,131$134,913$127,173$119,887$99,043
7 years$128,851$120,201$112,113$104,556$97,500$77,681
8 years$111,607$103,035$95,081$87,710$80,886$62,082
9 years$98,201$89,710$81,893$74,709$68,118$50,312
10 years$87,483$79,075$71,396$64,400$58,040$41,210
11 years$78,720$70,396$62,856$56,047$49,916$34,036
12 years$71,422$63,184$55,783$49,161$43,256$28,297
13 years$65,252$57,100$49,839$43,402$37,720$23,652
14 years$59,968$51,902$44,780$38,527$33,065$19,854
15 years$55,392$47,413$40,431$34,360$29,113$16,726
16 years$51,392$43,501$36,656$30,765$25,730$14,131
17 years$47,867$40,063$33,356$27,642$22,814$11,969
18 years$44,737$37,020$30,449$24,911$20,285$10,158
19 years$41,939$34,309$27,875$22,509$18,081$8,635
20 years$39,425$31,882$25,582$20,387$16,150$7,352
21 years$37,153$29,697$23,531$18,502$14,453$6,267
22 years$35,090$27,721$21,687$16,823$12,955$5,347
23 years$33,209$25,927$20,024$15,321$11,629$4,567
24 years$31,488$24,292$18,519$13,973$10,452$3,903
25 years$29,907$22,797$17,152$12,761$9,405$3,338
26 years$28,449$21,425$15,908$11,668$8,472$2,856
27 years$27,102$20,164$14,772$10,680$7,638$2,445
28 years$25,854$19,000$13,732$9,785$6,892$2,094
29 years$24,694$17,924$12,779$8,973$6,223$1,794
30 years$23,613$16,928$11,903$8,235$5,623$1,537
31 years$22,603$16,002$11,097$7,564$5,084$1,317
32 years$21,659$15,141$10,354$6,951$4,599$1,129
33 years$20,774$14,339$9,667$6,392$4,162$968
34 years$19,943$13,590$9,033$5,881$3,768$830
35 years$19,160$12,890$8,445$5,414$3,413$712
36 years$18,423$12,235$7,900$4,986$3,092$611
37 years$17,728$11,620$7,394$4,594$2,803$524
38 years$17,071$11,043$6,924$4,235$2,541$450
39 years$16,449$10,501$6,487$3,904$2,304$386
40 years$15,859$9,991$6,081$3,601$2,090$331
41 years$15,300$9,510$5,702$3,323$1,896$284
42 years$14,768$9,057$5,348$3,066$1,720$244
43 years$14,263$8,630$5,019$2,831$1,561$209
44 years$13,782$8,226$4,711$2,614$1,417$180
45 years$13,324$7,844$4,423$2,414$1,287$154
46 years$12,887$7,483$4,155$2,230$1,168$132
47 years$12,470$7,141$3,903$2,060$1,061$113
48 years$12,072$6,817$3,668$1,903$963$97
49 years$11,690$6,510$3,448$1,759$875$84
50 years$11,326$6,219$3,241$1,626$795$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $11,600,000, adding $5,697 every year, while hoping to spend $54,454 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: 59/31/10 Blend
55$11,600,000$11,600,000$11,600,000$11,600,000
56$12,789,076$12,174,276$11,994,476$13,513,321
57$14,035,624$12,712,877$12,338,353$14,539,512
58$15,407,494$13,276,045$12,691,924$15,651,296
59$16,917,412$13,864,925$13,055,457$16,862,232
60$18,579,399$14,480,718$13,429,227$18,181,855
61$20,408,907$15,124,682$13,813,515$19,620,649
62$22,422,958$15,798,134$14,208,610$21,190,140
63$24,640,312$16,502,454$14,614,810$22,903,005
64$27,081,637$17,239,088$15,032,420$24,773,185
65$29,769,709$18,009,548$15,461,751$26,816,012
66$32,729,626$18,815,423$15,903,126$29,048,353
67$35,989,042$19,658,373$16,356,875$31,488,764
68$39,578,429$20,540,138$16,823,336$34,157,658
69$43,531,367$21,462,543$17,302,856$37,077,496
70$47,884,857$22,427,498$17,795,791$40,272,995
71$52,679,671$23,437,004$18,302,509$43,771,353
72$57,960,739$24,493,158$18,823,385$47,602,503
73$63,777,570$25,598,159$19,358,803$51,799,389
74$70,184,719$26,754,306$19,909,161$56,398,273
75$77,242,306$27,964,012$20,474,863$61,439,068
76$85,016,577$29,229,805$21,056,327$66,965,712
77$93,580,534$30,554,331$21,653,980$73,026,574
78$103,014,621$31,940,366$22,268,261$79,674,907
79$113,407,484$33,390,816$22,899,619$86,969,337
80$124,856,809$34,908,727$23,548,518$94,974,416
81$137,470,240$36,497,291$24,215,429$103,761,220
82$151,366,399$38,159,853$24,900,841$113,408,013
83$166,676,004$39,899,917$25,605,251$124,000,976
84$183,543,100$41,721,157$26,329,171$135,635,013
85$202,126,424$43,627,422$27,073,126$148,414,636
86$222,600,897$45,622,744$27,837,654$162,454,944
87$245,159,281$47,711,350$28,623,307$177,882,699
88$270,013,992$49,897,671$29,430,653$194,837,508
89$297,399,110$52,186,348$30,260,271$213,473,136
90$327,572,587$54,582,246$31,112,757$233,958,941
91$360,818,680$57,090,465$31,988,723$256,481,464
92$397,450,635$59,716,347$32,888,795$281,246,174
93$437,813,645$62,465,494$33,813,615$308,479,397
94$482,288,109$65,343,775$34,763,843$338,430,437
95$531,293,218$68,357,343$35,740,154$371,373,915
96$585,290,918$71,512,644$36,743,241$407,612,348
97$644,790,265$74,816,437$37,773,814$447,478,985
98$710,352,236$78,275,806$38,832,600$491,340,942
99$782,595,019$81,898,175$39,920,347$539,602,644
100$862,199,851$85,691,327$41,037,819$592,709,628