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%15.2%
1 years$338,574$335,558$332,616$329,744$326,940$319,946
2 years$167,611$164,489$161,464$158,531$155,686$148,674
3 years$110,631$107,496$104,478$101,572$98,773$91,962
4 years$82,146$79,021$76,033$73,177$70,446$63,888
5 years$65,060$61,953$59,005$56,207$53,552$47,265
6 years$53,673$50,589$47,685$44,949$42,374$36,366
7 years$45,542$42,485$39,626$36,955$34,461$28,733
8 years$39,447$36,417$33,606$31,001$28,589$23,138
9 years$34,709$31,708$28,945$26,406$24,076$18,898
10 years$30,921$27,949$25,235$22,762$20,514$15,605
11 years$27,823$24,881$22,216$19,810$17,643$12,996
12 years$25,244$22,332$19,716$17,376$15,289$10,897
13 years$23,063$20,182$17,615$15,340$13,332$9,187
14 years$21,195$18,345$15,827$13,617$11,687$7,781
15 years$19,578$16,758$14,290$12,144$10,290$6,615
16 years$18,165$15,375$12,956$10,874$9,094$5,641
17 years$16,918$14,160$11,790$9,770$8,064$4,823
18 years$15,812$13,085$10,762$8,805$7,170$4,132
19 years$14,823$12,127$9,852$7,956$6,391$3,547
20 years$13,935$11,269$9,042$7,206$5,708$3,050
21 years$13,132$10,496$8,317$6,540$5,108$2,626
22 years$12,402$9,798$7,665$5,946$4,579$2,263
23 years$11,738$9,164$7,078$5,415$4,110$1,953
24 years$11,129$8,586$6,546$4,939$3,694$1,686
25 years$10,570$8,057$6,062$4,510$3,324$1,457
26 years$10,055$7,573$5,623$4,124$2,994$1,260
27 years$9,579$7,127$5,221$3,775$2,700$1,090
28 years$9,138$6,716$4,854$3,459$2,436$943
29 years$8,728$6,335$4,517$3,172$2,200$817
30 years$8,346$5,983$4,207$2,911$1,988$707
31 years$7,989$5,656$3,922$2,673$1,797$613
32 years$7,655$5,352$3,660$2,457$1,625$531
33 years$7,342$5,068$3,417$2,259$1,471$460
34 years$7,049$4,803$3,193$2,079$1,332$399
35 years$6,772$4,556$2,985$1,914$1,206$346
36 years$6,512$4,324$2,792$1,762$1,093$300
37 years$6,266$4,107$2,614$1,624$991$260
38 years$6,034$3,903$2,447$1,497$898$226
39 years$5,814$3,712$2,293$1,380$814$196
40 years$5,605$3,531$2,149$1,273$739$170
41 years$5,408$3,361$2,015$1,174$670$147
42 years$5,220$3,201$1,890$1,084$608$128
43 years$5,041$3,050$1,774$1,000$552$111
44 years$4,871$2,907$1,665$924$501$96
45 years$4,709$2,773$1,563$853$455$84
46 years$4,555$2,645$1,468$788$413$73
47 years$4,408$2,524$1,380$728$375$63
48 years$4,267$2,410$1,296$673$341$55
49 years$4,132$2,301$1,219$622$309$47
50 years$4,003$2,198$1,146$575$281$41

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 $3,640 every year, while hoping to spend $23,991 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: 64/15/21 Blend
55$4,100,000$4,100,000$4,100,000$4,100,000
56$4,521,955$4,304,655$4,241,105$4,786,751
57$4,957,668$4,490,057$4,357,655$5,150,852
58$5,437,020$4,683,739$4,477,307$5,545,437
59$5,964,436$4,886,082$4,600,137$5,975,977
60$6,544,793$5,097,485$4,726,226$6,445,989
61$7,183,464$5,318,364$4,855,657$6,959,348
62$7,886,370$5,549,156$4,988,513$7,520,315
63$8,660,032$5,790,318$5,124,882$8,133,582
64$9,511,640$6,042,328$5,264,850$8,804,313
65$10,449,113$6,305,687$5,408,507$9,538,192
66$11,481,177$6,580,921$5,555,947$10,341,476
67$12,617,449$6,868,578$5,707,264$11,221,054
68$13,868,525$7,169,234$5,862,553$12,184,512
69$15,246,079$7,483,491$6,021,913$13,240,198
70$16,762,977$7,811,980$6,185,445$14,397,309
71$18,433,395$8,155,362$6,353,252$15,665,968
72$20,272,955$8,514,328$6,525,439$17,057,326
73$22,298,869$8,889,603$6,702,114$18,583,659
74$24,530,106$9,281,945$6,883,387$20,258,488
75$26,987,567$9,692,151$7,069,370$22,096,706
76$29,694,283$10,121,051$7,260,179$24,114,710
77$32,675,635$10,569,517$7,455,930$26,330,565
78$35,959,590$11,038,464$7,656,744$28,764,164
79$39,576,966$11,528,847$7,862,743$31,437,420
80$43,561,724$12,041,667$8,074,052$34,374,471
81$47,951,286$12,577,975$8,290,798$37,601,901
82$52,786,890$13,138,869$8,513,114$41,148,998
83$58,113,981$13,725,501$8,741,131$45,048,022
84$63,982,633$14,339,077$8,974,985$49,334,509
85$70,448,031$14,980,861$9,214,816$54,047,609
86$77,570,983$15,652,176$9,460,765$59,230,449
87$85,418,499$16,354,409$9,712,977$64,930,538
88$94,064,424$17,089,012$9,971,599$71,200,217
89$103,590,129$17,857,508$10,236,782$78,097,151
90$114,085,288$18,661,491$10,508,679$85,684,867
91$125,648,714$19,502,632$10,787,448$94,033,355
92$138,389,303$20,382,681$11,073,247$103,219,725
93$152,427,050$21,303,471$11,366,239$113,328,934
94$167,894,192$22,266,923$11,666,591$124,454,581
95$184,936,450$23,275,053$11,974,472$136,699,796
96$203,714,404$24,329,967$12,290,053$150,178,204
97$224,405,015$25,433,877$12,613,512$165,014,994
98$247,203,288$26,589,098$12,945,026$181,348,106
99$272,324,117$27,798,058$13,284,778$199,329,521
100$300,004,313$29,063,298$13,632,954$219,126,697