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%11%
1 years$363,348$360,111$356,954$353,872$350,862$349,384
2 years$179,875$176,525$173,278$170,131$167,077$165,585
3 years$118,726$115,361$112,123$109,004$106,001$104,540
4 years$88,157$84,803$81,597$78,531$75,601$74,183
5 years$69,820$66,486$63,322$60,320$57,470$56,101
6 years$57,600$54,291$51,174$48,238$45,474$44,154
7 years$48,875$45,594$42,526$39,659$36,983$35,712
8 years$42,334$39,082$36,065$33,269$30,681$29,460
9 years$37,249$34,028$31,063$28,338$25,838$24,667
10 years$33,183$29,994$27,081$24,428$22,015$20,894
11 years$29,859$26,702$23,842$21,259$18,934$17,861
12 years$27,091$23,966$21,159$18,647$16,407$15,382
13 years$24,751$21,658$18,904$16,463$14,308$13,329
14 years$22,746$19,687$16,986$14,614$12,542$11,609
15 years$21,011$17,984$15,336$13,033$11,043$10,155
16 years$19,494$16,500$13,904$11,670$9,760$8,915
17 years$18,156$15,196$12,652$10,485$8,654$7,851
18 years$16,969$14,042$11,550$9,449$7,694$6,933
19 years$15,908$13,014$10,573$8,538$6,858$6,136
20 years$14,954$12,093$9,704$7,733$6,126$5,442
21 years$14,092$11,264$8,925$7,018$5,482$4,835
22 years$13,310$10,515$8,226$6,381$4,914$4,302
23 years$12,597$9,834$7,595$5,811$4,411$3,833
24 years$11,944$9,214$7,024$5,300$3,965$3,419
25 years$11,344$8,647$6,506$4,841$3,568$3,054
26 years$10,791$8,127$6,034$4,426$3,214$2,730
27 years$10,280$7,648$5,603$4,051$2,897$2,442
28 years$9,807$7,207$5,209$3,712$2,614$2,186
29 years$9,367$6,799$4,847$3,404$2,361$1,958
30 years$8,956$6,421$4,515$3,124$2,133$1,756
31 years$8,574$6,070$4,209$2,869$1,928$1,574
32 years$8,216$5,743$3,927$2,637$1,744$1,413
33 years$7,880$5,439$3,667$2,425$1,579$1,268
34 years$7,564$5,155$3,426$2,231$1,429$1,139
35 years$7,268$4,889$3,203$2,054$1,295$1,023
36 years$6,988$4,641$2,997$1,891$1,173$919
37 years$6,724$4,408$2,805$1,743$1,063$826
38 years$6,475$4,189$2,627$1,606$964$743
39 years$6,239$3,983$2,461$1,481$874$668
40 years$6,015$3,790$2,306$1,366$793$600
41 years$5,803$3,607$2,163$1,260$719$540
42 years$5,602$3,436$2,029$1,163$653$486
43 years$5,410$3,273$1,904$1,074$592$437
44 years$5,228$3,120$1,787$991$538$393
45 years$5,054$2,975$1,678$916$488$354
46 years$4,888$2,838$1,576$846$443$319
47 years$4,730$2,709$1,481$781$402$287
48 years$4,579$2,586$1,391$722$365$258
49 years$4,434$2,469$1,308$667$332$233
50 years$4,296$2,359$1,229$617$301$209

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 $5,748 every year, while hoping to spend $35,868 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: 77/7/16 Blend
55$4,400,000$4,400,000$4,400,000$4,400,000
56$4,854,729$4,621,529$4,553,329$5,211,211
57$5,311,748$4,809,821$4,667,702$5,635,600
58$5,814,181$5,006,137$4,784,705$6,095,802
59$6,366,622$5,210,832$4,904,387$6,599,500
60$6,974,133$5,424,278$5,026,800$7,151,025
61$7,642,291$5,646,864$5,151,994$7,755,145
62$8,377,240$5,878,995$5,280,021$8,417,114
63$9,185,749$6,121,098$5,410,933$9,142,714
64$10,075,279$6,373,615$5,544,782$9,938,318
65$11,054,048$6,637,012$5,681,622$10,810,942
66$12,131,110$6,911,774$5,821,506$11,768,313
67$13,316,443$7,198,411$5,964,486$12,818,946
68$14,621,041$7,497,454$6,110,617$13,972,215
69$16,057,016$7,809,459$6,259,952$15,238,451
70$17,637,718$8,135,008$6,412,546$16,629,029
71$19,377,851$8,474,710$6,568,453$18,156,484
72$21,293,623$8,829,202$6,727,727$19,834,623
73$23,402,889$9,199,149$6,890,423$21,678,655
74$25,725,326$9,585,249$7,056,594$23,705,338
75$28,282,614$9,988,232$7,226,295$25,933,130
76$31,098,645$10,408,859$7,399,580$28,382,369
77$34,199,744$10,847,931$7,576,503$31,075,462
78$37,614,920$11,306,281$7,757,118$34,037,094
79$41,376,138$11,784,785$7,941,478$37,294,461
80$45,518,622$12,284,357$8,129,635$40,877,530
81$50,081,186$12,805,956$8,321,642$44,819,313
82$55,106,601$13,350,581$8,517,551$49,156,187
83$60,641,998$13,919,284$8,717,413$53,928,230
84$66,739,313$14,513,160$8,921,278$59,179,600
85$73,455,777$15,133,358$9,129,194$64,958,953
86$80,854,455$15,781,082$9,341,211$71,319,899
87$89,004,843$16,457,589$9,557,376$78,321,509
88$97,983,523$17,164,197$9,777,734$86,028,869
89$107,874,885$17,902,284$10,002,330$94,513,696
90$118,771,921$18,673,295$10,231,206$103,855,013
91$130,777,111$19,478,739$10,464,405$114,139,894
92$144,003,378$20,320,200$10,701,965$125,464,284
93$158,575,166$21,199,333$10,943,924$137,933,905
94$174,629,605$22,117,872$11,190,317$151,665,250
95$192,317,809$23,077,632$11,441,177$166,786,687
96$211,806,303$24,080,514$11,696,534$183,439,663
97$233,278,594$25,128,507$11,956,417$201,780,041
98$256,936,903$26,223,696$12,220,848$221,979,571
99$283,004,071$27,368,262$12,489,851$244,227,509
100$311,725,669$28,564,488$12,763,443$268,732,399