Can I retire at age 56 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$322,058$319,190$316,391$313,659$310,991$298,653
2 years$159,435$156,466$153,588$150,798$148,091$135,813
3 years$105,234$102,252$99,381$96,617$93,955$82,124
4 years$78,139$75,166$72,324$69,607$67,010$55,716
5 years$61,886$58,931$56,127$53,465$50,940$40,212
6 years$51,055$48,122$45,359$42,757$40,307$30,152
7 years$43,321$40,412$37,693$35,153$32,780$23,194
8 years$37,523$34,641$31,967$29,489$27,194$18,168
9 years$33,016$30,161$27,533$25,118$22,902$14,421
10 years$29,412$26,586$24,004$21,652$19,513$11,562
11 years$26,466$23,668$21,133$18,843$16,782$9,341
12 years$24,013$21,243$18,755$16,528$14,543$7,593
13 years$21,938$19,197$16,756$14,592$12,682$6,201
14 years$20,161$17,450$15,055$12,953$11,117$5,084
15 years$18,623$15,941$13,593$11,552$9,788$4,181
16 years$17,278$14,625$12,324$10,343$8,651$3,447
17 years$16,093$13,469$11,214$9,294$7,670$2,847
18 years$15,041$12,446$10,237$8,375$6,820$2,356
19 years$14,100$11,535$9,372$7,568$6,079$1,952
20 years$13,255$10,719$8,601$6,854$5,430$1,619
21 years$12,491$9,984$7,911$6,221$4,859$1,344
22 years$11,797$9,320$7,291$5,656$4,355$1,117
23 years$11,165$8,717$6,732$5,151$3,910$929
24 years$10,586$8,167$6,226$4,698$3,514$773
25 years$10,055$7,664$5,767$4,290$3,162$643
26 years$9,565$7,203$5,348$3,923$2,848$535
27 years$9,112$6,779$4,966$3,591$2,568$446
28 years$8,692$6,388$4,617$3,290$2,317$371
29 years$8,302$6,026$4,296$3,017$2,092$309
30 years$7,939$5,691$4,002$2,769$1,891$258
31 years$7,599$5,380$3,731$2,543$1,709$215
32 years$7,282$5,091$3,481$2,337$1,546$179
33 years$6,984$4,821$3,250$2,149$1,399$149
34 years$6,705$4,569$3,037$1,977$1,267$124
35 years$6,442$4,334$2,839$1,820$1,147$104
36 years$6,194$4,113$2,656$1,676$1,040$87
37 years$5,960$3,907$2,486$1,545$942$72
38 years$5,739$3,713$2,328$1,424$854$60
39 years$5,530$3,531$2,181$1,313$775$50
40 years$5,332$3,359$2,044$1,211$703$42
41 years$5,144$3,197$1,917$1,117$637$35
42 years$4,965$3,045$1,798$1,031$578$29
43 years$4,795$2,901$1,687$952$525$24
44 years$4,634$2,766$1,584$879$477$20
45 years$4,480$2,637$1,487$812$433$17
46 years$4,333$2,516$1,397$750$393$14
47 years$4,193$2,401$1,312$693$357$12
48 years$4,059$2,292$1,233$640$324$10
49 years$3,930$2,189$1,159$591$294$8
50 years$3,808$2,091$1,090$547$267$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $3,900,000, adding $6,011 every year, while hoping to spend $59,648 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: 61/10/29 Blend
55$3,900,000$3,900,000$3,900,000$3,900,000
56$4,304,000$4,097,300$4,036,850$4,532,470
57$4,679,543$4,234,603$4,108,620$4,826,184
58$5,091,393$4,376,634$4,180,794$5,139,722
59$5,543,188$4,523,563$4,253,325$5,480,738
60$6,038,940$4,675,564$4,326,158$5,851,929
61$6,583,065$4,832,820$4,399,237$6,256,268
62$7,180,427$4,995,517$4,472,500$6,697,026
63$7,836,385$5,163,852$4,545,884$7,177,806
64$8,556,843$5,338,028$4,619,318$7,702,578
65$9,348,304$5,518,254$4,692,728$8,275,713
66$10,217,932$5,704,750$4,766,035$8,902,025
67$11,173,619$5,897,741$4,839,156$9,586,820
68$12,224,060$6,097,462$4,911,999$10,335,940
69$13,378,835$6,304,158$4,984,471$11,155,822
70$14,648,495$6,518,081$5,056,471$12,053,556
71$16,044,669$6,739,494$5,127,890$13,036,954
72$17,580,167$6,968,671$5,198,616$14,114,622
73$19,269,102$7,205,894$5,268,528$15,296,041
74$21,127,025$7,451,458$5,337,498$16,591,657
75$23,171,070$7,705,666$5,405,392$18,012,980
76$25,420,112$7,968,838$5,472,066$19,572,690
77$27,894,954$8,241,301$5,537,370$21,284,759
78$30,618,512$8,523,397$5,601,145$23,164,580
79$33,616,038$8,815,482$5,663,221$25,229,117
80$36,915,357$9,117,924$5,723,422$27,497,058
81$40,547,127$9,431,105$5,781,560$29,988,998
82$44,545,129$9,755,424$5,837,437$32,727,626
83$48,946,586$10,091,294$5,890,846$35,737,947
84$53,792,514$10,439,144$5,941,565$39,047,512
85$59,128,108$10,799,420$5,989,366$42,686,680
86$65,003,169$11,172,585$6,034,003$46,688,902
87$71,472,572$11,559,121$6,075,222$51,091,043
88$78,596,785$11,959,529$6,112,752$55,933,723
89$86,442,439$12,374,327$6,146,311$61,261,700
90$95,082,956$12,804,058$6,175,601$67,124,300
91$104,599,243$13,249,282$6,200,309$73,575,876
92$115,080,452$13,710,584$6,220,106$80,676,319
93$126,624,826$14,188,570$6,234,647$88,491,632
94$139,340,619$14,683,871$6,243,569$97,094,543
95$153,347,126$15,197,145$6,246,493$106,565,199
96$168,775,800$15,729,072$6,243,017$116,991,920
97$185,771,498$16,280,363$6,232,725$128,472,028
98$204,493,845$16,851,754$6,215,175$141,112,774
99$225,118,741$17,444,014$6,189,907$155,032,345
100$247,840,023$18,057,941$6,156,439$170,360,979