Can I retire at age 56 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$338,574$335,558$332,616$329,744$326,940$322,054
2 years$167,611$164,489$161,464$158,531$155,686$150,774
3 years$110,631$107,496$104,478$101,572$98,773$93,989
4 years$82,146$79,021$76,033$73,177$70,446$65,826
5 years$65,060$61,953$59,005$56,207$53,552$49,109
6 years$53,673$50,589$47,685$44,949$42,374$38,114
7 years$45,542$42,485$39,626$36,955$34,461$30,386
8 years$39,447$36,417$33,606$31,001$28,589$24,697
9 years$34,709$31,708$28,945$26,406$24,076$20,365
10 years$30,921$27,949$25,235$22,762$20,514$16,982
11 years$27,823$24,881$22,216$19,810$17,643$14,286
12 years$25,244$22,332$19,716$17,376$15,289$12,103
13 years$23,063$20,182$17,615$15,340$13,332$10,313
14 years$21,195$18,345$15,827$13,617$11,687$8,829
15 years$19,578$16,758$14,290$12,144$10,290$7,589
16 years$18,165$15,375$12,956$10,874$9,094$6,545
17 years$16,918$14,160$11,790$9,770$8,064$5,660
18 years$15,812$13,085$10,762$8,805$7,170$4,906
19 years$14,823$12,127$9,852$7,956$6,391$4,262
20 years$13,935$11,269$9,042$7,206$5,708$3,709
21 years$13,132$10,496$8,317$6,540$5,108$3,232
22 years$12,402$9,798$7,665$5,946$4,579$2,820
23 years$11,738$9,164$7,078$5,415$4,110$2,463
24 years$11,129$8,586$6,546$4,939$3,694$2,154
25 years$10,570$8,057$6,062$4,510$3,324$1,885
26 years$10,055$7,573$5,623$4,124$2,994$1,651
27 years$9,579$7,127$5,221$3,775$2,700$1,447
28 years$9,138$6,716$4,854$3,459$2,436$1,268
29 years$8,728$6,335$4,517$3,172$2,200$1,113
30 years$8,346$5,983$4,207$2,911$1,988$977
31 years$7,989$5,656$3,922$2,673$1,797$857
32 years$7,655$5,352$3,660$2,457$1,625$753
33 years$7,342$5,068$3,417$2,259$1,471$661
34 years$7,049$4,803$3,193$2,079$1,332$581
35 years$6,772$4,556$2,985$1,914$1,206$511
36 years$6,512$4,324$2,792$1,762$1,093$449
37 years$6,266$4,107$2,614$1,624$991$395
38 years$6,034$3,903$2,447$1,497$898$347
39 years$5,814$3,712$2,293$1,380$814$305
40 years$5,605$3,531$2,149$1,273$739$269
41 years$5,408$3,361$2,015$1,174$670$236
42 years$5,220$3,201$1,890$1,084$608$208
43 years$5,041$3,050$1,774$1,000$552$183
44 years$4,871$2,907$1,665$924$501$161
45 years$4,709$2,773$1,563$853$455$142
46 years$4,555$2,645$1,468$788$413$125
47 years$4,408$2,524$1,380$728$375$110
48 years$4,267$2,410$1,296$673$341$96
49 years$4,132$2,301$1,219$622$309$85
50 years$4,003$2,198$1,146$575$281$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $4,100,000, adding $2,008 every year, while hoping to spend $50,587 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: 21/50/29 Blend
55$4,100,000$4,100,000$4,100,000$4,100,000
56$4,520,271$4,302,971$4,239,421$4,573,493
57$4,927,515$4,459,993$4,327,618$4,779,638
58$5,374,602$4,623,013$4,417,073$4,995,512
59$5,865,542$4,792,272$4,507,777$5,225,185
60$6,404,755$4,968,021$4,599,715$5,469,805
61$6,997,107$5,150,520$4,692,872$5,730,633
62$7,647,959$5,340,043$4,787,231$6,009,045
63$8,363,219$5,536,873$4,882,770$6,306,552
64$9,149,392$5,741,305$4,979,468$6,624,809
65$10,013,649$5,953,648$5,077,299$6,965,627
66$10,963,887$6,174,222$5,176,235$7,330,996
67$12,008,808$6,403,363$5,276,243$7,723,095
68$13,157,999$6,641,421$5,377,289$8,144,316
69$14,422,023$6,888,758$5,479,336$8,597,282
70$15,812,517$7,145,755$5,582,342$9,084,874
71$17,342,304$7,412,807$5,686,261$9,610,254
72$19,025,512$7,690,328$5,791,044$10,176,892
73$20,877,707$7,978,747$5,896,637$10,788,601
74$22,916,042$8,278,515$6,002,983$11,449,569
75$25,159,414$8,590,098$6,110,019$12,164,395
76$27,628,648$8,913,986$6,217,677$12,938,136
77$30,346,686$9,250,687$6,325,886$13,776,347
78$33,338,812$9,600,735$6,434,567$14,685,133
79$36,632,883$9,964,683$6,543,637$15,671,209
80$40,259,595$10,343,110$6,653,007$16,741,954
81$44,252,771$10,736,620$6,762,580$17,905,484
82$48,649,682$11,145,843$6,872,255$19,170,724
83$53,491,397$11,571,437$6,981,923$20,547,492
84$58,823,169$12,014,087$7,091,467$22,046,584
85$64,694,865$12,474,510$7,200,764$23,679,879
86$71,161,434$12,953,453$7,309,682$25,460,447
87$78,283,425$13,451,697$7,418,081$27,402,668
88$86,127,560$13,970,056$7,525,812$29,522,365
89$94,767,362$14,509,380$7,632,718$31,836,951
90$104,283,850$15,070,557$7,738,631$34,365,593
91$114,766,302$15,654,513$7,843,374$37,129,382
92$126,313,097$16,262,216$7,946,760$40,151,539
93$139,032,645$16,894,677$8,048,588$43,457,621
94$153,044,409$17,552,950$8,148,650$47,075,766
95$168,480,031$18,238,137$8,246,722$51,036,949
96$185,484,577$18,951,389$8,342,570$55,375,275
97$204,217,904$19,693,907$8,435,946$60,128,295
98$224,856,168$20,466,946$8,526,588$65,337,354
99$247,593,488$21,271,817$8,614,220$71,047,980
100$272,643,777$22,109,890$8,698,550$77,310,309