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%19.5%
1 years$338,574$335,558$332,616$329,744$326,940$314,465
2 years$167,611$164,489$161,464$158,531$155,686$143,264
3 years$110,631$107,496$104,478$101,572$98,773$86,796
4 years$82,146$79,021$76,033$73,177$70,446$59,004
5 years$65,060$61,953$59,005$56,207$53,552$42,675
6 years$53,673$50,589$47,685$44,949$42,374$32,070
7 years$45,542$42,485$39,626$36,955$34,461$24,726
8 years$39,447$36,417$33,606$31,001$28,589$19,414
9 years$34,709$31,708$28,945$26,406$24,076$15,448
10 years$30,921$27,949$25,235$22,762$20,514$12,417
11 years$27,823$24,881$22,216$19,810$17,643$10,058
12 years$25,244$22,332$19,716$17,376$15,289$8,198
13 years$23,063$20,182$17,615$15,340$13,332$6,713
14 years$21,195$18,345$15,827$13,617$11,687$5,519
15 years$19,578$16,758$14,290$12,144$10,290$4,552
16 years$18,165$15,375$12,956$10,874$9,094$3,763
17 years$16,918$14,160$11,790$9,770$8,064$3,118
18 years$15,812$13,085$10,762$8,805$7,170$2,588
19 years$14,823$12,127$9,852$7,956$6,391$2,151
20 years$13,935$11,269$9,042$7,206$5,708$1,790
21 years$13,132$10,496$8,317$6,540$5,108$1,490
22 years$12,402$9,798$7,665$5,946$4,579$1,242
23 years$11,738$9,164$7,078$5,415$4,110$1,036
24 years$11,129$8,586$6,546$4,939$3,694$865
25 years$10,570$8,057$6,062$4,510$3,324$722
26 years$10,055$7,573$5,623$4,124$2,994$603
27 years$9,579$7,127$5,221$3,775$2,700$504
28 years$9,138$6,716$4,854$3,459$2,436$421
29 years$8,728$6,335$4,517$3,172$2,200$352
30 years$8,346$5,983$4,207$2,911$1,988$294
31 years$7,989$5,656$3,922$2,673$1,797$246
32 years$7,655$5,352$3,660$2,457$1,625$206
33 years$7,342$5,068$3,417$2,259$1,471$172
34 years$7,049$4,803$3,193$2,079$1,332$144
35 years$6,772$4,556$2,985$1,914$1,206$120
36 years$6,512$4,324$2,792$1,762$1,093$101
37 years$6,266$4,107$2,614$1,624$991$84
38 years$6,034$3,903$2,447$1,497$898$70
39 years$5,814$3,712$2,293$1,380$814$59
40 years$5,605$3,531$2,149$1,273$739$49
41 years$5,408$3,361$2,015$1,174$670$41
42 years$5,220$3,201$1,890$1,084$608$35
43 years$5,041$3,050$1,774$1,000$552$29
44 years$4,871$2,907$1,665$924$501$24
45 years$4,709$2,773$1,563$853$455$20
46 years$4,555$2,645$1,468$788$413$17
47 years$4,408$2,524$1,380$728$375$14
48 years$4,267$2,410$1,296$673$341$12
49 years$4,132$2,301$1,219$622$309$10
50 years$4,003$2,198$1,146$575$281$8

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 $6,605 every year, while hoping to spend $31,946 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: 55/20/25 Blend
55$4,100,000$4,100,000$4,100,000$4,100,000
56$4,525,013$4,307,713$4,244,163$4,742,448
57$4,952,574$4,484,801$4,352,352$5,069,730
58$5,422,676$4,669,495$4,463,095$5,422,100
59$5,939,623$4,862,135$4,576,443$5,805,206
60$6,508,160$5,063,075$4,692,450$6,222,011
61$7,133,513$5,272,686$4,811,167$6,675,775
62$7,821,439$5,491,355$4,932,649$7,170,082
63$8,578,284$5,719,490$5,056,951$7,708,877
64$9,411,037$5,957,513$5,184,127$8,296,501
65$10,327,401$6,205,869$5,314,233$8,937,729
66$11,335,861$6,465,022$5,447,325$9,637,817
67$12,445,769$6,735,459$5,583,461$10,402,549
68$13,667,428$7,017,686$5,722,697$11,238,292
69$15,012,190$7,312,237$5,865,092$12,152,052
70$16,492,564$7,619,668$6,010,703$13,151,543
71$18,122,334$7,940,560$6,159,590$14,245,258
72$19,916,688$8,275,523$6,311,812$15,442,544
73$21,892,361$8,625,194$6,467,428$16,753,694
74$24,067,793$8,990,241$6,626,499$18,190,041
75$26,463,306$9,371,360$6,789,085$19,764,063
76$29,101,290$9,769,284$6,955,246$21,489,501
77$32,006,419$10,184,775$7,125,044$23,381,484
78$35,205,879$10,618,635$7,298,538$25,456,675
79$38,729,631$11,071,701$7,475,792$27,733,425
80$42,610,687$11,544,848$7,656,865$30,231,941
81$46,885,426$12,038,994$7,841,818$32,974,482
82$51,593,935$12,555,100$8,030,714$35,985,562
83$56,780,386$13,094,170$8,223,613$39,292,180
84$62,493,458$13,657,256$8,420,577$42,924,076
85$68,786,789$14,245,460$8,621,664$46,914,009
86$75,719,488$14,859,935$8,826,937$51,298,062
87$83,356,691$15,501,887$9,036,454$56,115,981
88$91,770,174$16,172,579$9,250,276$61,411,552
89$101,039,031$16,873,335$9,468,460$67,233,007
90$111,250,423$17,605,540$9,691,064$73,633,478
91$122,500,398$18,370,643$9,918,147$80,671,500
92$134,894,797$19,170,163$10,149,763$88,411,557
93$148,550,254$20,005,689$10,385,968$96,924,688
94$163,595,298$20,878,886$10,626,816$106,289,158
95$180,171,564$21,791,496$10,872,359$116,591,190
96$198,435,129$22,745,345$11,122,649$127,925,782
97$218,557,989$23,742,343$11,377,734$140,397,592
98$240,729,678$24,784,493$11,637,663$154,121,930
99$265,159,061$25,873,889$11,902,480$169,225,840
100$292,076,303$27,012,727$12,172,231$185,849,297