Can I retire at age 56 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$330,316$327,374$324,503$321,702$318,966$306,552
2 years$163,523$160,477$157,526$154,664$151,888$139,532
3 years$107,932$104,874$101,930$99,095$96,364$84,454
4 years$80,143$77,093$74,179$71,392$68,728$57,354
5 years$63,473$60,442$57,566$54,836$52,246$41,438
6 years$52,364$49,356$46,522$43,853$41,340$31,106
7 years$44,431$41,449$38,660$36,054$33,621$23,956
8 years$38,485$35,529$32,787$30,245$27,892$18,787
9 years$33,863$30,935$28,239$25,762$23,489$14,930
10 years$30,167$27,267$24,619$22,207$20,014$11,985
11 years$27,145$24,274$21,675$19,327$17,212$9,696
12 years$24,628$21,787$19,236$16,952$14,916$7,892
13 years$22,501$19,689$17,186$14,966$13,007$6,454
14 years$20,678$17,897$15,441$13,285$11,402$5,299
15 years$19,101$16,349$13,942$11,848$10,039$4,364
16 years$17,722$15,000$12,640$10,609$8,873$3,603
17 years$16,506$13,815$11,502$9,532$7,867$2,981
18 years$15,426$12,765$10,500$8,590$6,995$2,470
19 years$14,462$11,831$9,612$7,762$6,235$2,050
20 years$13,595$10,994$8,821$7,030$5,569$1,703
21 years$12,811$10,240$8,114$6,380$4,984$1,416
22 years$12,100$9,559$7,478$5,801$4,467$1,178
23 years$11,451$8,940$6,905$5,283$4,010$981
24 years$10,858$8,376$6,386$4,818$3,604$818
25 years$10,313$7,861$5,915$4,400$3,243$682
26 years$9,810$7,388$5,486$4,024$2,921$568
27 years$9,346$6,953$5,094$3,683$2,634$474
28 years$8,915$6,552$4,735$3,374$2,377$396
29 years$8,515$6,181$4,407$3,094$2,146$330
30 years$8,142$5,837$4,105$2,840$1,939$276
31 years$7,794$5,518$3,827$2,608$1,753$230
32 years$7,469$5,221$3,570$2,397$1,586$192
33 years$7,163$4,945$3,334$2,204$1,435$160
34 years$6,877$4,686$3,115$2,028$1,299$134
35 years$6,607$4,445$2,912$1,867$1,177$112
36 years$6,353$4,219$2,724$1,719$1,066$93
37 years$6,113$4,007$2,550$1,584$966$78
38 years$5,886$3,808$2,388$1,460$876$65
39 years$5,672$3,621$2,237$1,346$795$54
40 years$5,469$3,445$2,097$1,242$721$45
41 years$5,276$3,279$1,966$1,146$654$38
42 years$5,093$3,123$1,844$1,057$593$32
43 years$4,918$2,976$1,731$976$538$26
44 years$4,753$2,837$1,624$901$489$22
45 years$4,595$2,705$1,525$832$444$18
46 years$4,444$2,580$1,433$769$403$15
47 years$4,300$2,462$1,346$710$366$13
48 years$4,163$2,351$1,265$656$332$11
49 years$4,031$2,245$1,189$607$302$9
50 years$3,905$2,144$1,118$561$274$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $4,000,000, adding $2,085 every year, while hoping to spend $55,212 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: 75/14/11 Blend
55$4,000,000$4,000,000$4,000,000$4,000,000
56$4,410,151$4,198,151$4,136,151$4,731,561
57$4,801,241$4,345,115$4,215,967$5,090,755
58$5,230,372$4,497,430$4,296,606$5,477,129
59$5,701,365$4,655,300$4,378,038$5,899,014
60$6,218,431$4,818,936$4,460,229$6,359,916
61$6,786,207$4,988,560$4,543,142$6,863,696
62$7,409,801$5,164,400$4,626,738$7,414,607
63$8,094,841$5,346,696$4,710,974$8,017,328
64$8,847,526$5,535,695$4,795,803$8,677,017
65$9,674,686$5,731,656$4,881,174$9,399,349
66$10,583,844$5,934,848$4,967,034$10,190,576
67$11,583,290$6,145,549$5,053,324$11,057,585
68$12,682,157$6,364,052$5,139,981$12,007,959
69$13,890,505$6,590,659$5,226,939$13,050,050
70$15,219,419$6,825,684$5,314,124$14,193,059
71$16,681,114$7,069,456$5,401,461$15,447,120
72$18,289,045$7,322,317$5,488,867$16,823,395
73$20,058,038$7,584,621$5,576,255$18,334,181
74$22,004,429$7,856,739$5,663,531$19,993,023
75$24,146,217$8,139,055$5,750,595$21,814,843
76$26,503,233$8,431,971$5,837,342$23,816,077
77$29,097,329$8,735,904$5,923,659$26,014,837
78$31,952,582$9,051,288$6,009,427$28,431,071
79$35,095,522$9,378,578$6,094,519$31,086,759
80$38,555,380$9,718,243$6,178,801$34,006,115
81$42,364,368$10,070,776$6,262,129$37,215,818
82$46,557,977$10,436,687$6,344,354$40,745,261
83$51,175,316$10,816,510$6,425,316$44,626,826
84$56,259,479$11,210,800$6,504,844$48,896,194
85$61,857,951$11,620,135$6,582,762$53,592,677
86$68,023,058$12,045,117$6,658,881$58,759,588
87$74,812,457$12,486,375$6,733,000$64,444,652
88$82,289,683$12,944,563$6,804,911$70,700,452
89$90,524,746$13,420,362$6,874,391$77,584,927
90$99,594,793$13,914,482$6,941,206$85,161,918
91$109,584,836$14,427,666$7,005,110$93,501,768
92$120,588,551$14,960,683$7,065,843$102,681,984
93$132,709,165$15,514,339$7,123,131$112,787,972
94$146,060,431$16,089,473$7,176,687$123,913,837
95$160,767,697$16,686,958$7,226,208$136,163,276
96$176,969,090$17,307,707$7,271,374$149,650,549
97$194,816,822$17,952,670$7,311,850$164,501,561
98$214,478,625$18,622,838$7,347,284$180,855,047
99$236,139,333$19,319,245$7,377,306$198,863,883
100$260,002,625$20,042,968$7,401,526$218,696,526