Can I retire at age 56 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$363,348$360,111$356,954$353,872$350,862$337,608
2 years$179,875$176,525$173,278$170,131$167,077$153,878
3 years$118,726$115,361$112,123$109,004$106,001$93,271
4 years$88,157$84,803$81,597$78,531$75,601$63,438
5 years$69,820$66,486$63,322$60,320$57,470$45,906
6 years$57,600$54,291$51,174$48,238$45,474$34,517
7 years$48,875$45,594$42,526$39,659$36,983$26,628
8 years$42,334$39,082$36,065$33,269$30,681$20,920
9 years$37,249$34,028$31,063$28,338$25,838$16,656
10 years$33,183$29,994$27,081$24,428$22,015$13,397
11 years$29,859$26,702$23,842$21,259$18,934$10,859
12 years$27,091$23,966$21,159$18,647$16,407$8,856
13 years$24,751$21,658$18,904$16,463$14,308$7,258
14 years$22,746$19,687$16,986$14,614$12,542$5,971
15 years$21,011$17,984$15,336$13,033$11,043$4,928
16 years$19,494$16,500$13,904$11,670$9,760$4,077
17 years$18,156$15,196$12,652$10,485$8,654$3,381
18 years$16,969$14,042$11,550$9,449$7,694$2,808
19 years$15,908$13,014$10,573$8,538$6,858$2,335
20 years$14,954$12,093$9,704$7,733$6,126$1,945
21 years$14,092$11,264$8,925$7,018$5,482$1,621
22 years$13,310$10,515$8,226$6,381$4,914$1,352
23 years$12,597$9,834$7,595$5,811$4,411$1,129
24 years$11,944$9,214$7,024$5,300$3,965$943
25 years$11,344$8,647$6,506$4,841$3,568$788
26 years$10,791$8,127$6,034$4,426$3,214$658
27 years$10,280$7,648$5,603$4,051$2,897$550
28 years$9,807$7,207$5,209$3,712$2,614$460
29 years$9,367$6,799$4,847$3,404$2,361$385
30 years$8,956$6,421$4,515$3,124$2,133$322
31 years$8,574$6,070$4,209$2,869$1,928$270
32 years$8,216$5,743$3,927$2,637$1,744$226
33 years$7,880$5,439$3,667$2,425$1,579$189
34 years$7,564$5,155$3,426$2,231$1,429$158
35 years$7,268$4,889$3,203$2,054$1,295$132
36 years$6,988$4,641$2,997$1,891$1,173$111
37 years$6,724$4,408$2,805$1,743$1,063$93
38 years$6,475$4,189$2,627$1,606$964$78
39 years$6,239$3,983$2,461$1,481$874$65
40 years$6,015$3,790$2,306$1,366$793$55
41 years$5,803$3,607$2,163$1,260$719$46
42 years$5,602$3,436$2,029$1,163$653$38
43 years$5,410$3,273$1,904$1,074$592$32
44 years$5,228$3,120$1,787$991$538$27
45 years$5,054$2,975$1,678$916$488$22
46 years$4,888$2,838$1,576$846$443$19
47 years$4,730$2,709$1,481$781$402$16
48 years$4,579$2,586$1,391$722$365$13
49 years$4,434$2,469$1,308$667$332$11
50 years$4,296$2,359$1,229$617$301$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $4,400,000, adding $2,133 every year, while hoping to spend $34,642 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: 65/10/25 Blend
55$4,400,000$4,400,000$4,400,000$4,400,000
56$4,851,000$4,617,800$4,549,600$5,134,507
57$5,308,943$4,807,214$4,665,153$5,515,365
58$5,812,436$5,004,747$4,783,416$5,927,386
59$6,366,087$5,210,762$4,904,443$6,376,943
60$6,974,975$5,425,637$5,028,289$6,867,727
61$7,644,695$5,649,766$5,155,009$7,403,801
62$8,381,412$5,883,563$5,284,660$7,989,641
63$9,191,919$6,127,460$5,417,299$8,630,170
64$10,083,699$6,381,910$5,552,983$9,330,812
65$11,064,998$6,647,385$5,691,769$10,097,539
66$12,144,901$6,924,380$5,833,717$10,936,924
67$13,333,420$7,213,414$5,978,886$11,856,210
68$14,641,584$7,515,027$6,127,334$12,863,368
69$16,081,548$7,829,785$6,279,122$13,967,181
70$17,666,704$8,158,282$6,434,310$15,177,318
71$19,411,808$8,501,139$6,592,960$16,504,431
72$21,333,120$8,859,002$6,755,132$17,960,251
73$23,448,557$9,232,552$6,920,888$19,557,698
74$25,777,862$9,622,499$7,090,289$21,311,006
75$28,342,789$10,029,587$7,263,399$23,235,850
76$31,167,309$10,454,592$7,440,279$25,349,500
77$34,277,838$10,898,330$7,620,991$27,670,978
78$37,703,481$11,361,652$7,805,598$30,221,238
79$41,476,313$11,845,450$7,994,163$33,023,366
80$45,631,677$12,350,657$8,186,747$36,102,791
81$50,208,519$12,878,250$8,383,414$39,487,529
82$55,249,754$13,429,251$8,584,224$43,208,445
83$60,802,674$14,004,729$8,789,241$47,299,541
84$66,919,392$14,605,806$8,998,526$51,798,280
85$73,657,333$15,233,653$9,212,139$56,745,934
86$81,079,776$15,889,498$9,430,141$62,187,975
87$89,256,455$16,574,625$9,652,592$68,174,502
88$98,264,211$17,290,379$9,879,552$74,760,716
89$108,187,722$18,038,168$10,111,078$82,007,431
90$119,120,298$18,819,467$10,347,228$89,981,659
91$131,164,766$19,635,819$10,588,057$98,757,228
92$144,434,437$20,488,839$10,833,622$108,415,488
93$159,054,177$21,380,219$11,083,976$119,046,072
94$175,161,584$22,311,731$11,339,170$130,747,741
95$192,908,288$23,285,229$11,599,255$143,629,316
96$212,461,384$24,302,656$11,864,281$157,810,703
97$234,005,004$25,366,044$12,134,293$173,424,021
98$257,742,059$26,477,525$12,409,336$190,614,852
99$283,896,152$27,639,327$12,689,452$209,543,606
100$312,713,691$28,853,786$12,974,680$230,387,042