Can I retire at age 56 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$982,691$973,938$965,398$957,062$948,923$931,670
2 years$486,481$477,420$468,640$460,126$451,868$434,547
3 years$321,099$311,999$303,241$294,807$286,684$269,835
4 years$238,424$229,353$220,682$212,392$204,465$188,219
5 years$188,832$179,815$171,258$163,137$155,431$139,833
6 years$155,782$146,833$138,402$130,462$122,987$108,055
7 years$132,184$123,310$115,013$107,260$100,022$85,760
8 years$114,493$105,699$97,540$89,978$82,978$69,382
9 years$100,741$92,030$84,011$76,641$69,879$56,942
10 years$89,746$81,120$73,243$66,065$59,541$47,250
11 years$80,756$72,217$64,482$57,497$51,207$39,549
12 years$73,269$64,818$57,226$50,432$44,375$33,334
13 years$66,939$58,576$51,128$44,524$38,696$28,254
14 years$61,518$53,244$45,938$39,524$33,920$24,060
15 years$56,825$48,640$41,476$35,248$29,866$20,567
16 years$52,721$44,626$37,604$31,561$26,396$17,638
17 years$49,105$41,099$34,218$28,357$23,404$15,167
18 years$45,894$37,977$31,237$25,556$20,810$13,072
19 years$43,024$35,197$28,596$23,092$18,548$11,288
20 years$40,444$32,707$26,244$20,914$16,568$9,764
21 years$38,113$30,465$24,139$18,981$14,826$8,457
22 years$35,997$28,438$22,248$17,258$13,290$7,334
23 years$34,068$26,597$20,542$15,717$11,930$6,367
24 years$32,302$24,920$18,998$14,335$10,723$5,533
25 years$30,680$23,386$17,596$13,091$9,649$4,811
26 years$29,185$21,979$16,319$11,970$8,691$4,187
27 years$27,803$20,685$15,154$10,957$7,836$3,646
28 years$26,523$19,491$14,088$10,039$7,070$3,176
29 years$25,332$18,388$13,110$9,206$6,384$2,768
30 years$24,223$17,365$12,211$8,448$5,769$2,413
31 years$23,188$16,416$11,384$7,759$5,215$2,105
32 years$22,219$15,533$10,622$7,131$4,718$1,836
33 years$21,311$14,710$9,917$6,557$4,270$1,602
34 years$20,458$13,942$9,266$6,033$3,866$1,398
35 years$19,656$13,223$8,663$5,554$3,501$1,221
36 years$18,900$12,551$8,104$5,115$3,172$1,066
37 years$18,186$11,921$7,586$4,713$2,875$931
38 years$17,512$11,329$7,104$4,344$2,607$813
39 years$16,874$10,773$6,655$4,005$2,364$710
40 years$16,269$10,249$6,238$3,694$2,144$620
41 years$15,695$9,756$5,849$3,409$1,945$542
42 years$15,150$9,292$5,487$3,146$1,765$473
43 years$14,632$8,853$5,149$2,904$1,602$414
44 years$14,139$8,439$4,833$2,681$1,454$361
45 years$13,669$8,047$4,538$2,476$1,320$316
46 years$13,221$7,677$4,262$2,287$1,198$276
47 years$12,793$7,326$4,004$2,113$1,088$241
48 years$12,384$6,994$3,763$1,953$988$211
49 years$11,993$6,678$3,537$1,805$898$184
50 years$11,619$6,379$3,325$1,668$815$161

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $11,900,000, adding $4,061 every year, while hoping to spend $26,729 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: 82/11/7 Blend
55$11,900,000$11,900,000$11,900,000$11,900,000
56$13,117,989$12,487,289$12,302,839$14,184,514
57$14,427,584$13,070,727$12,686,545$15,465,980
58$15,869,863$13,681,857$13,082,209$16,868,505
59$17,458,329$14,322,009$13,490,203$18,407,375
60$19,207,866$14,992,574$13,910,912$20,096,227
61$21,134,873$15,695,015$14,344,732$21,950,076
62$23,257,420$16,430,861$14,792,071$23,985,459
63$25,595,421$17,201,717$15,253,349$26,220,586
64$28,170,819$18,009,266$15,729,001$28,675,511
65$31,007,794$18,855,272$16,219,475$31,372,321
66$34,132,993$19,741,584$16,725,231$34,335,341
67$37,575,778$20,670,141$17,246,746$37,591,363
68$41,368,505$21,642,976$17,784,510$41,169,895
69$45,546,831$22,662,220$18,339,029$45,103,439
70$50,150,045$23,730,106$18,910,824$49,427,797
71$55,221,447$24,848,979$19,500,434$54,182,403
72$60,808,749$26,021,293$20,108,413$59,410,697
73$66,964,530$27,249,625$20,735,333$65,160,528
74$73,746,728$28,536,673$21,381,783$71,484,608
75$81,219,193$29,885,269$22,048,372$78,441,004
76$89,452,284$31,298,380$22,735,725$86,093,683
77$98,523,536$32,779,119$23,444,490$94,513,114
78$108,518,389$34,330,748$24,175,333$103,776,931
79$119,530,999$35,956,689$24,928,941$113,970,659
80$131,665,122$37,660,529$25,706,022$125,188,525
81$145,035,098$39,446,028$26,507,308$137,534,335
82$159,766,926$41,317,131$27,333,551$151,122,457
83$175,999,455$43,277,974$28,185,527$166,078,896
84$193,885,696$45,332,891$29,064,038$182,542,474
85$213,594,264$47,486,429$29,969,910$200,666,145
86$235,310,970$49,743,355$30,903,994$220,618,428
87$259,240,579$52,108,669$31,867,167$242,584,995
88$285,608,736$54,587,612$32,860,336$266,770,420
89$314,664,102$57,185,680$33,884,432$293,400,105
90$346,680,699$59,908,637$34,940,418$322,722,400
91$381,960,495$62,762,525$36,029,288$355,010,948
92$420,836,259$65,753,683$37,152,063$390,567,255
93$463,674,699$68,888,754$38,309,798$429,723,537
94$510,879,924$72,174,709$39,503,581$472,845,847
95$562,897,259$75,618,852$40,734,534$520,337,523
96$620,217,451$79,228,848$42,003,813$572,642,991
97$683,381,300$83,012,731$43,312,610$630,251,953
98$752,984,764$86,978,926$44,662,154$693,704,002
99$829,684,587$91,136,270$46,053,713$763,593,710
100$914,204,495$95,494,028$47,488,593$840,576,229