Can I retire at age 56 with 3,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$297,285$294,637$292,053$289,531$287,069$276,884
2 years$147,171$144,430$141,773$139,198$136,700$126,546
3 years$97,139$94,386$91,737$89,185$86,728$76,926
4 years$72,128$69,384$66,761$64,253$61,855$52,480
5 years$57,126$54,398$51,809$49,352$47,021$38,097
6 years$47,127$44,420$41,869$39,468$37,206$28,739
7 years$39,988$37,304$34,794$32,448$30,259$22,248
8 years$34,637$31,976$29,508$27,220$25,102$17,541
9 years$30,476$27,841$25,415$23,186$21,140$14,017
10 years$27,150$24,541$22,157$19,986$18,012$11,317
11 years$24,430$21,847$19,507$17,394$15,491$9,209
12 years$22,165$19,609$17,312$15,257$13,424$7,541
13 years$20,251$17,721$15,467$13,470$11,706$6,205
14 years$18,611$16,107$13,897$11,957$10,262$5,126
15 years$17,191$14,714$12,547$10,663$9,035$4,249
16 years$15,949$13,500$11,376$9,548$7,985$3,531
17 years$14,855$12,433$10,352$8,579$7,080$2,941
18 years$13,884$11,489$9,450$7,731$6,295$2,453
19 years$13,016$10,648$8,651$6,986$5,611$2,050
20 years$12,235$9,894$7,939$6,327$5,012$1,715
21 years$11,530$9,216$7,303$5,742$4,485$1,436
22 years$10,890$8,603$6,731$5,221$4,020$1,203
23 years$10,306$8,046$6,214$4,755$3,609$1,009
24 years$9,772$7,539$5,747$4,337$3,244$847
25 years$9,281$7,075$5,323$3,960$2,919$711
26 years$8,829$6,649$4,937$3,621$2,629$597
27 years$8,411$6,258$4,584$3,315$2,371$502
28 years$8,024$5,897$4,262$3,037$2,139$422
29 years$7,664$5,563$3,966$2,785$1,931$355
30 years$7,328$5,253$3,694$2,556$1,745$298
31 years$7,015$4,966$3,444$2,347$1,578$251
32 years$6,722$4,699$3,213$2,157$1,427$211
33 years$6,447$4,450$3,000$1,984$1,292$177
34 years$6,189$4,218$2,803$1,825$1,169$149
35 years$5,946$4,000$2,621$1,680$1,059$126
36 years$5,718$3,797$2,452$1,547$960$106
37 years$5,502$3,606$2,295$1,426$870$89
38 years$5,298$3,427$2,149$1,314$789$75
39 years$5,105$3,259$2,013$1,212$715$63
40 years$4,922$3,101$1,887$1,118$649$53
41 years$4,748$2,951$1,770$1,031$588$45
42 years$4,583$2,811$1,660$952$534$38
43 years$4,427$2,678$1,558$878$485$32
44 years$4,277$2,553$1,462$811$440$27
45 years$4,135$2,434$1,373$749$399$22
46 years$3,999$2,322$1,289$692$363$19
47 years$3,870$2,216$1,211$639$329$16
48 years$3,746$2,116$1,138$591$299$13
49 years$3,628$2,020$1,070$546$272$11
50 years$3,515$1,930$1,006$505$247$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $3,600,000, adding $4,737 every year, while hoping to spend $50,231 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: 61/24/15 Blend
55$3,600,000$3,600,000$3,600,000$3,600,000
56$3,972,086$3,781,286$3,725,486$4,199,250
57$4,323,794$3,913,124$3,796,845$4,484,537
58$4,709,692$4,049,738$3,868,910$4,789,644
59$5,133,215$4,191,310$3,941,653$5,121,401
60$5,598,146$4,338,027$4,015,042$5,482,393
61$6,108,652$4,490,086$4,089,041$5,875,466
62$6,669,324$4,647,690$4,163,614$6,303,751
63$7,285,219$4,811,050$4,238,718$6,770,694
64$7,961,908$4,980,388$4,314,311$7,280,088
65$8,705,526$5,155,931$4,390,345$7,836,111
66$9,522,837$5,337,918$4,466,768$8,443,358
67$10,421,287$5,526,597$4,543,526$9,106,891
68$11,409,083$5,722,226$4,620,559$9,832,283
69$12,495,267$5,925,072$4,697,805$10,625,668
70$13,689,799$6,135,415$4,775,196$11,493,803
71$15,003,654$6,353,546$4,852,661$12,444,127
72$16,448,923$6,579,766$4,930,121$13,484,832
73$18,038,928$6,814,390$5,007,495$14,624,942
74$19,788,349$7,057,745$5,084,697$15,874,391
75$21,713,359$7,310,172$5,161,632$17,244,124
76$23,831,777$7,572,027$5,238,202$18,746,195
77$26,163,239$7,843,677$5,314,303$20,393,878
78$28,729,380$8,125,507$5,389,823$22,201,798
79$31,554,039$8,417,919$5,464,643$24,186,061
80$34,663,481$8,721,327$5,538,640$26,364,411
81$38,086,651$9,036,167$5,611,679$28,756,393
82$41,855,441$9,362,891$5,683,621$31,383,538
83$46,004,991$9,701,968$5,754,318$34,269,563
84$50,574,025$10,053,889$5,823,613$37,440,599
85$55,605,211$10,419,165$5,891,339$40,925,431
86$61,145,566$10,798,328$5,957,322$44,755,773
87$67,246,899$11,191,931$6,021,378$48,966,561
88$73,966,299$11,600,552$6,083,310$53,596,289
89$81,366,674$12,024,792$6,142,914$58,687,364
90$89,517,346$12,465,278$6,199,973$64,286,510
91$98,494,702$12,922,663$6,254,258$70,445,205
92$108,382,915$13,397,627$6,305,530$77,220,167
93$119,274,742$13,890,880$6,353,534$84,673,887
94$131,272,393$14,403,160$6,398,005$92,875,220
95$144,488,500$14,935,238$6,438,661$101,900,030
96$159,047,180$15,487,918$6,475,209$111,831,906
97$175,085,202$16,062,035$6,507,338$122,762,952
98$192,753,281$16,658,464$6,534,723$134,794,650
99$212,217,500$17,278,113$6,557,020$148,038,821
100$233,660,876$17,921,931$6,573,871$162,618,677