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%19.2%
1 years$363,348$360,111$356,954$353,872$350,862$337,876
2 years$179,875$176,525$173,278$170,131$167,077$154,140
3 years$118,726$115,361$112,123$109,004$106,001$93,520
4 years$88,157$84,803$81,597$78,531$75,601$63,672
5 years$69,820$66,486$63,322$60,320$57,470$46,124
6 years$57,600$54,291$51,174$48,238$45,474$34,719
7 years$48,875$45,594$42,526$39,659$36,983$26,815
8 years$42,334$39,082$36,065$33,269$30,681$21,091
9 years$37,249$34,028$31,063$28,338$25,838$16,814
10 years$33,183$29,994$27,081$24,428$22,015$13,540
11 years$29,859$26,702$23,842$21,259$18,934$10,990
12 years$27,091$23,966$21,159$18,647$16,407$8,975
13 years$24,751$21,658$18,904$16,463$14,308$7,365
14 years$22,746$19,687$16,986$14,614$12,542$6,068
15 years$21,011$17,984$15,336$13,033$11,043$5,015
16 years$19,494$16,500$13,904$11,670$9,760$4,155
17 years$18,156$15,196$12,652$10,485$8,654$3,450
18 years$16,969$14,042$11,550$9,449$7,694$2,870
19 years$15,908$13,014$10,573$8,538$6,858$2,391
20 years$14,954$12,093$9,704$7,733$6,126$1,994
21 years$14,092$11,264$8,925$7,018$5,482$1,664
22 years$13,310$10,515$8,226$6,381$4,914$1,391
23 years$12,597$9,834$7,595$5,811$4,411$1,163
24 years$11,944$9,214$7,024$5,300$3,965$973
25 years$11,344$8,647$6,506$4,841$3,568$814
26 years$10,791$8,127$6,034$4,426$3,214$681
27 years$10,280$7,648$5,603$4,051$2,897$571
28 years$9,807$7,207$5,209$3,712$2,614$478
29 years$9,367$6,799$4,847$3,404$2,361$401
30 years$8,956$6,421$4,515$3,124$2,133$336
31 years$8,574$6,070$4,209$2,869$1,928$281
32 years$8,216$5,743$3,927$2,637$1,744$236
33 years$7,880$5,439$3,667$2,425$1,579$198
34 years$7,564$5,155$3,426$2,231$1,429$166
35 years$7,268$4,889$3,203$2,054$1,295$139
36 years$6,988$4,641$2,997$1,891$1,173$117
37 years$6,724$4,408$2,805$1,743$1,063$98
38 years$6,475$4,189$2,627$1,606$964$82
39 years$6,239$3,983$2,461$1,481$874$69
40 years$6,015$3,790$2,306$1,366$793$58
41 years$5,803$3,607$2,163$1,260$719$48
42 years$5,602$3,436$2,029$1,163$653$41
43 years$5,410$3,273$1,904$1,074$592$34
44 years$5,228$3,120$1,787$991$538$29
45 years$5,054$2,975$1,678$916$488$24
46 years$4,888$2,838$1,576$846$443$20
47 years$4,730$2,709$1,481$781$402$17
48 years$4,579$2,586$1,391$722$365$14
49 years$4,434$2,469$1,308$667$332$12
50 years$4,296$2,359$1,229$617$301$10

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 $6,116 every year, while hoping to spend $20,372 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: 45/40/15 Blend
55$4,400,000$4,400,000$4,400,000$4,400,000
56$4,855,109$4,621,909$4,553,709$5,052,495
57$5,328,654$4,826,707$4,684,582$5,395,522
58$5,849,818$5,040,857$4,819,157$5,764,735
59$6,423,437$5,264,796$4,957,536$6,164,659
60$7,054,839$5,498,982$5,099,825$6,598,145
61$7,749,893$5,743,893$5,246,130$7,068,322
62$8,515,071$6,000,033$5,396,564$7,578,625
63$9,357,499$6,267,925$5,551,240$8,132,828
64$10,285,033$6,548,122$5,710,275$8,735,075
65$11,306,327$6,841,201$5,873,790$9,389,919
66$12,430,918$7,147,765$6,041,907$10,102,362
67$13,669,314$7,468,448$6,214,754$10,877,900
68$15,033,096$7,803,914$6,392,460$11,722,576
69$16,535,023$8,154,857$6,575,159$12,643,028
70$18,189,156$8,522,006$6,762,987$13,646,556
71$20,010,988$8,906,123$6,956,086$14,741,185
72$22,017,594$9,308,007$7,154,600$15,935,741
73$24,227,786$9,728,497$7,358,676$17,239,926
74$26,662,296$10,168,470$7,568,468$18,664,414
75$29,343,970$10,628,844$7,784,131$20,220,944
76$32,297,981$11,110,583$8,005,825$21,922,428
77$35,552,070$11,614,697$8,233,716$23,783,073
78$39,136,807$12,142,243$8,467,971$25,818,507
79$43,085,877$12,694,329$8,708,764$28,045,927
80$47,436,402$13,272,116$8,956,272$30,484,257
81$52,229,286$13,876,822$9,210,679$33,154,321
82$57,509,608$14,509,720$9,472,172$36,079,036
83$63,327,040$15,172,149$9,740,941$39,283,626
84$69,736,321$15,865,506$10,017,185$42,795,854
85$76,797,771$16,591,261$10,301,106$46,646,280
86$84,577,861$17,350,951$10,592,911$50,868,545
87$93,149,843$18,146,188$10,892,814$55,499,682
88$102,594,435$18,978,659$11,201,031$60,580,464
89$113,000,591$19,850,136$11,517,789$66,155,779
90$124,466,331$20,762,474$11,843,315$72,275,052
91$137,099,678$21,717,615$12,177,847$78,992,700
92$151,019,666$22,717,599$12,521,625$86,368,648
93$166,357,471$23,764,561$12,874,899$94,468,879
94$183,257,646$24,860,738$13,237,922$103,366,057
95$201,879,489$26,008,477$13,610,955$113,140,201
96$222,398,540$27,210,236$13,994,265$123,879,436
97$245,008,247$28,468,593$14,388,129$135,680,816
98$269,921,782$29,786,248$14,792,825$148,651,231
99$297,374,064$31,166,033$15,208,644$162,908,410
100$327,623,966$32,610,917$15,635,881$178,582,019