Can I retire at age 56 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$355,090$351,927$348,841$345,829$342,888$332,311
2 years$175,787$172,513$169,340$166,264$163,280$152,717
3 years$116,027$112,739$109,574$106,527$103,592$93,373
4 years$86,153$82,875$79,742$76,747$73,882$64,086
5 years$68,234$64,975$61,883$58,949$56,164$46,818
6 years$56,291$53,057$50,011$47,142$44,441$35,552
7 years$47,764$44,557$41,559$38,758$36,142$27,710
8 years$41,371$38,194$35,245$32,513$29,984$22,003
9 years$36,402$33,255$30,357$27,694$25,250$17,713
10 years$32,429$29,312$26,466$23,872$21,515$14,409
11 years$29,181$26,095$23,300$20,776$18,503$11,817
12 years$26,475$23,422$20,678$18,223$16,035$9,753
13 years$24,188$21,166$18,475$16,089$13,982$8,092
14 years$22,229$19,239$16,600$14,282$12,257$6,741
15 years$20,533$17,576$14,987$12,737$10,792$5,635
16 years$19,051$16,125$13,588$11,404$9,538$4,724
17 years$17,744$14,851$12,365$10,247$8,457$3,969
18 years$16,583$13,723$11,287$9,234$7,520$3,341
19 years$15,546$12,718$10,333$8,344$6,702$2,817
20 years$14,614$11,818$9,483$7,557$5,987$2,378
21 years$13,772$11,008$8,723$6,859$5,357$2,010
22 years$13,007$10,276$8,039$6,236$4,802$1,700
23 years$12,310$9,611$7,423$5,679$4,311$1,440
24 years$11,672$9,005$6,865$5,180$3,875$1,220
25 years$11,086$8,450$6,358$4,731$3,487$1,034
26 years$10,546$7,942$5,897$4,325$3,141$877
27 years$10,047$7,474$5,476$3,959$2,831$744
28 years$9,584$7,043$5,090$3,627$2,555$631
29 years$9,154$6,644$4,737$3,326$2,307$536
30 years$8,753$6,275$4,412$3,053$2,085$455
31 years$8,379$5,932$4,114$2,804$1,885$387
32 years$8,029$5,613$3,838$2,577$1,705$328
33 years$7,701$5,315$3,584$2,369$1,543$279
34 years$7,393$5,038$3,348$2,180$1,397$237
35 years$7,103$4,778$3,130$2,007$1,265$202
36 years$6,829$4,535$2,928$1,848$1,146$171
37 years$6,572$4,307$2,741$1,703$1,039$146
38 years$6,328$4,094$2,567$1,570$942$124
39 years$6,097$3,893$2,405$1,447$854$105
40 years$5,879$3,704$2,254$1,335$775$89
41 years$5,671$3,525$2,114$1,232$703$76
42 years$5,475$3,357$1,983$1,137$638$65
43 years$5,287$3,199$1,860$1,049$579$55
44 years$5,109$3,049$1,746$969$525$47
45 years$4,939$2,908$1,640$895$477$40
46 years$4,777$2,774$1,540$826$433$34
47 years$4,623$2,647$1,447$764$393$29
48 years$4,475$2,527$1,360$706$357$24
49 years$4,334$2,413$1,278$652$324$21
50 years$4,198$2,305$1,202$603$295$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $4,300,000, adding $4,207 every year, while hoping to spend $37,403 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: 57/15/28 Blend
55$4,300,000$4,300,000$4,300,000$4,300,000
56$4,742,940$4,515,040$4,448,390$4,976,622
57$5,186,923$4,696,480$4,557,614$5,318,967
58$5,674,939$4,885,557$4,669,244$5,687,658
59$6,211,439$5,082,607$4,783,321$6,088,769
60$6,801,329$5,287,977$4,899,885$6,525,449
61$7,450,012$5,502,035$5,018,978$7,001,161
62$8,163,441$5,725,163$5,140,642$7,519,717
63$8,948,177$5,957,760$5,264,918$8,085,312
64$9,811,445$6,200,245$5,391,847$8,702,564
65$10,761,209$6,453,053$5,521,470$9,376,555
66$11,806,242$6,716,643$5,653,829$10,112,881
67$12,956,212$6,991,491$5,788,965$10,917,700
68$14,221,769$7,278,098$5,926,919$11,797,793
69$15,614,649$7,576,985$6,067,731$12,760,627
70$17,147,785$7,888,698$6,211,441$13,814,422
71$18,835,424$8,213,810$6,358,090$14,968,230
72$20,693,267$8,552,917$6,507,716$16,232,018
73$22,738,614$8,906,643$6,660,358$17,616,762
74$24,990,528$9,275,644$6,816,055$19,134,551
75$27,470,013$9,660,601$6,974,844$20,798,697
76$30,200,214$10,062,231$7,136,762$22,623,862
77$33,206,637$10,481,281$7,301,843$24,626,194
78$36,517,383$10,918,533$7,470,125$26,823,480
79$40,163,421$11,374,806$7,641,639$29,235,309
80$44,178,875$11,850,956$7,816,418$31,883,262
81$48,601,346$12,347,879$7,994,495$34,791,108
82$53,472,271$12,866,513$8,175,898$37,985,030
83$58,837,309$13,407,838$8,360,657$41,493,871
84$64,746,772$13,972,880$8,548,796$45,349,405
85$71,256,105$14,562,713$8,740,343$49,586,633
86$78,426,402$15,178,460$8,935,319$54,244,117
87$86,324,988$15,821,298$9,133,745$59,364,337
88$95,026,051$16,492,455$9,335,640$64,994,092
89$104,611,343$17,193,221$9,541,019$71,184,941
90$115,170,954$17,924,943$9,749,897$77,993,690
91$126,804,156$18,689,030$9,962,283$85,482,920
92$139,620,347$19,486,959$10,178,187$93,721,584
93$153,740,077$20,320,275$10,397,611$102,785,648
94$169,296,192$21,190,595$10,620,557$112,758,814
95$186,435,080$22,099,611$10,847,023$123,733,299
96$205,318,062$23,049,096$11,077,001$135,810,713
97$226,122,905$24,040,903$11,310,482$149,103,007
98$249,045,509$25,076,974$11,547,450$163,733,535
99$274,301,747$26,159,342$11,787,886$179,838,211
100$302,129,509$27,290,134$12,031,765$197,566,791