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

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$338,574$335,558$332,616$329,744$326,940$325,289
2 years$167,611$164,489$161,464$158,531$155,686$154,019
3 years$110,631$107,496$104,478$101,572$98,773$97,143
4 years$82,146$79,021$76,033$73,177$70,446$68,865
5 years$65,060$61,953$59,005$56,207$53,552$52,024
6 years$53,673$50,589$47,685$44,949$42,374$40,902
7 years$45,542$42,485$39,626$36,955$34,461$33,046
8 years$39,447$36,417$33,606$31,001$28,589$27,230
9 years$34,709$31,708$28,945$26,406$24,076$22,773
10 years$30,921$27,949$25,235$22,762$20,514$19,266
11 years$27,823$24,881$22,216$19,810$17,643$16,450
12 years$25,244$22,332$19,716$17,376$15,289$14,149
13 years$23,063$20,182$17,615$15,340$13,332$12,245
14 years$21,195$18,345$15,827$13,617$11,687$10,651
15 years$19,578$16,758$14,290$12,144$10,290$9,305
16 years$18,165$15,375$12,956$10,874$9,094$8,158
17 years$16,918$14,160$11,790$9,770$8,064$7,174
18 years$15,812$13,085$10,762$8,805$7,170$6,326
19 years$14,823$12,127$9,852$7,956$6,391$5,591
20 years$13,935$11,269$9,042$7,206$5,708$4,951
21 years$13,132$10,496$8,317$6,540$5,108$4,393
22 years$12,402$9,798$7,665$5,946$4,579$3,903
23 years$11,738$9,164$7,078$5,415$4,110$3,472
24 years$11,129$8,586$6,546$4,939$3,694$3,093
25 years$10,570$8,057$6,062$4,510$3,324$2,758
26 years$10,055$7,573$5,623$4,124$2,994$2,461
27 years$9,579$7,127$5,221$3,775$2,700$2,198
28 years$9,138$6,716$4,854$3,459$2,436$1,965
29 years$8,728$6,335$4,517$3,172$2,200$1,758
30 years$8,346$5,983$4,207$2,911$1,988$1,573
31 years$7,989$5,656$3,922$2,673$1,797$1,408
32 years$7,655$5,352$3,660$2,457$1,625$1,262
33 years$7,342$5,068$3,417$2,259$1,471$1,131
34 years$7,049$4,803$3,193$2,079$1,332$1,014
35 years$6,772$4,556$2,985$1,914$1,206$909
36 years$6,512$4,324$2,792$1,762$1,093$815
37 years$6,266$4,107$2,614$1,624$991$732
38 years$6,034$3,903$2,447$1,497$898$657
39 years$5,814$3,712$2,293$1,380$814$589
40 years$5,605$3,531$2,149$1,273$739$529
41 years$5,408$3,361$2,015$1,174$670$475
42 years$5,220$3,201$1,890$1,084$608$427
43 years$5,041$3,050$1,774$1,000$552$383
44 years$4,871$2,907$1,665$924$501$344
45 years$4,709$2,773$1,563$853$455$309
46 years$4,555$2,645$1,468$788$413$278
47 years$4,408$2,524$1,380$728$375$250
48 years$4,267$2,410$1,296$673$341$224
49 years$4,132$2,301$1,219$622$309$202
50 years$4,003$2,198$1,146$575$281$181

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 $3,144 every year, while hoping to spend $42,728 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: 41/29/30 Blend
55$4,100,000$4,100,000$4,100,000$4,100,000
56$4,521,443$4,304,143$4,240,593$4,666,823
57$4,937,168$4,469,584$4,337,191$4,938,153
58$5,393,865$4,641,699$4,435,592$5,227,461
59$5,895,667$4,820,771$4,535,813$5,539,832
60$6,447,130$5,007,093$4,637,868$5,877,418
61$7,053,271$5,200,974$4,741,769$6,242,584
62$7,719,616$5,402,734$4,847,530$6,637,928
63$8,452,257$5,612,707$4,955,162$7,066,307
64$9,257,902$5,831,245$5,064,675$7,530,863
65$10,143,943$6,058,711$5,176,077$8,035,050
66$11,118,525$6,295,488$5,289,376$8,582,665
67$12,190,622$6,541,974$5,404,577$9,177,886
68$13,370,119$6,798,585$5,521,684$9,825,308
69$14,667,911$7,065,755$5,640,700$10,529,987
70$16,096,000$7,343,939$5,761,626$11,297,483
71$17,667,611$7,633,611$5,884,459$12,133,915
72$19,397,316$7,935,266$6,009,197$13,046,018
73$21,301,170$8,249,422$6,135,833$14,041,200
74$23,396,865$8,576,619$6,264,359$15,127,619
75$25,703,894$8,917,423$6,394,764$16,314,249
76$28,243,738$9,272,423$6,527,035$17,610,972
77$31,040,065$9,642,237$6,661,156$19,028,665
78$34,118,954$10,027,509$6,797,107$20,579,299
79$37,509,142$10,428,913$6,934,866$22,276,059
80$41,242,297$10,847,152$7,074,406$24,133,457
81$45,353,311$11,282,962$7,215,699$26,167,474
82$49,880,635$11,737,113$7,358,710$28,395,706
83$54,866,635$12,210,407$7,503,403$30,837,529
84$60,358,000$12,703,685$7,649,735$33,514,281
85$66,406,176$13,217,826$7,797,661$36,449,457
86$73,067,853$13,753,746$7,947,130$39,668,937
87$80,405,501$14,312,407$8,098,085$43,201,219
88$88,487,958$14,894,810$8,250,467$47,077,694
89$97,391,080$15,502,006$8,404,208$51,332,932
90$107,198,457$16,135,092$8,559,236$56,005,014
91$118,002,201$16,795,213$8,715,472$61,135,882
92$129,903,817$17,483,569$8,872,831$66,771,735
93$143,015,157$18,201,415$9,031,222$72,963,466
94$157,459,480$18,950,061$9,190,545$79,767,133
95$173,372,612$19,730,880$9,350,693$87,244,489
96$190,904,231$20,545,305$9,511,553$95,463,564
97$210,219,274$21,394,836$9,673,002$104,499,297
98$231,499,500$22,281,044$9,834,908$114,434,248
99$254,945,202$23,205,567$9,997,130$125,359,369
100$280,777,097$24,170,125$10,159,519$137,374,860