Can I retire at age 56 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$371,606$368,296$365,066$361,914$358,836$354,352
2 years$183,963$180,537$177,217$173,997$170,874$166,363
3 years$121,424$117,983$114,671$111,482$108,410$104,010
4 years$90,160$86,730$83,451$80,316$77,319$73,065
5 years$71,407$67,997$64,761$61,691$58,776$54,682
6 years$58,909$55,525$52,337$49,334$46,508$42,577
7 years$49,985$46,630$43,492$40,561$37,823$34,057
8 years$43,296$39,970$36,885$34,025$31,378$27,777
9 years$38,095$34,801$31,769$28,982$26,425$22,986
10 years$33,937$30,676$27,697$24,983$22,515$19,238
11 years$30,538$27,309$24,384$21,742$19,364$16,244
12 years$27,707$24,511$21,640$19,071$16,780$13,815
13 years$25,313$22,151$19,334$16,837$14,633$11,818
14 years$23,263$20,134$17,372$14,946$12,827$10,158
15 years$21,488$18,393$15,684$13,329$11,294$8,767
16 years$19,937$16,875$14,220$11,935$9,982$7,592
17 years$18,569$15,542$12,940$10,723$8,850$6,594
18 years$17,355$14,361$11,812$9,664$7,869$5,741
19 years$16,270$13,310$10,814$8,732$7,014$5,009
20 years$15,294$12,368$9,924$7,909$6,265$4,378
21 years$14,413$11,520$9,128$7,178$5,607$3,832
22 years$13,612$10,754$8,413$6,526$5,026$3,359
23 years$12,883$10,058$7,768$5,943$4,511$2,948
24 years$12,215$9,424$7,184$5,421$4,055$2,590
25 years$11,602$8,844$6,654$4,951$3,649$2,277
26 years$11,036$8,311$6,171$4,527$3,287$2,004
27 years$10,514$7,822$5,731$4,143$2,963$1,764
28 years$10,030$7,371$5,327$3,796$2,674$1,555
29 years$9,579$6,953$4,957$3,481$2,414$1,370
30 years$9,160$6,567$4,618$3,195$2,181$1,209
31 years$8,769$6,208$4,305$2,934$1,972$1,066
32 years$8,402$5,874$4,017$2,697$1,784$941
33 years$8,059$5,563$3,750$2,480$1,615$831
34 years$7,736$5,272$3,504$2,282$1,462$734
35 years$7,433$5,000$3,276$2,100$1,324$648
36 years$7,147$4,746$3,065$1,934$1,200$573
37 years$6,877$4,508$2,868$1,782$1,087$506
38 years$6,622$4,284$2,686$1,643$986$447
39 years$6,381$4,074$2,517$1,515$894$395
40 years$6,152$3,876$2,359$1,397$811$350
41 years$5,935$3,689$2,212$1,289$736$309
42 years$5,729$3,514$2,075$1,190$667$273
43 years$5,533$3,348$1,947$1,098$606$242
44 years$5,347$3,191$1,828$1,014$550$214
45 years$5,169$3,043$1,716$936$499$189
46 years$4,999$2,903$1,612$865$453$167
47 years$4,838$2,770$1,514$799$412$148
48 years$4,683$2,645$1,423$738$374$131
49 years$4,535$2,525$1,337$682$339$116
50 years$4,394$2,412$1,257$631$308$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $4,500,000, adding $5,970 every year, while hoping to spend $23,504 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: 54/21/25 Blend
55$4,500,000$4,500,000$4,500,000$4,500,000
56$4,965,158$4,726,658$4,656,908$5,198,676
57$5,446,596$4,933,256$4,787,906$5,566,827
58$5,976,353$5,149,190$4,922,505$5,964,478
59$6,559,333$5,374,892$5,060,801$6,396,909
60$7,200,938$5,610,815$5,202,891$6,867,462
61$7,907,123$5,857,434$5,348,877$7,379,809
62$8,684,446$6,115,245$5,498,861$7,937,989
63$9,540,137$6,384,769$5,652,950$8,546,448
64$10,482,159$6,666,551$5,811,253$9,210,072
65$11,519,289$6,961,162$5,973,879$9,934,237
66$12,661,196$7,269,199$6,140,944$10,724,861
67$13,918,537$7,591,288$6,312,564$11,588,451
68$15,303,052$7,928,086$6,488,860$12,532,171
69$16,827,680$8,280,278$6,669,953$13,563,903
70$18,506,677$8,648,585$6,855,969$14,692,321
71$20,355,752$9,033,760$7,047,039$15,926,974
72$22,392,217$9,436,593$7,243,293$17,278,370
73$24,635,147$9,857,910$7,444,867$18,758,079
74$27,105,562$10,298,578$7,651,901$20,378,836
75$29,826,625$10,759,504$7,864,535$22,154,661
76$32,823,860$11,241,638$8,082,915$24,100,991
77$36,125,392$11,745,977$8,307,192$26,234,820
78$39,762,216$12,273,564$8,537,517$28,574,861
79$43,768,485$12,825,491$8,774,047$31,141,721
80$48,181,835$13,402,905$9,016,942$33,958,088
81$53,043,739$14,007,004$9,266,366$37,048,951
82$58,399,899$14,639,046$9,522,488$40,441,825
83$64,300,677$15,300,347$9,785,479$44,167,014
84$70,801,570$15,992,288$10,055,517$48,257,894
85$77,963,734$16,716,314$10,332,780$52,751,223
86$85,854,561$17,473,940$10,617,455$57,687,485
87$94,548,317$18,266,753$10,909,730$63,111,273
88$104,126,838$19,096,417$11,209,798$69,071,703
89$114,680,307$19,964,673$11,517,859$75,622,877
90$126,308,106$20,873,349$11,834,114$82,824,389
91$139,119,747$21,824,358$12,158,772$90,741,884
92$153,235,915$22,819,706$12,492,044$99,447,674
93$168,789,600$23,861,493$12,834,149$109,021,419
94$185,927,354$24,951,921$13,185,309$119,550,873
95$204,810,678$26,093,299$13,545,750$131,132,707
96$225,617,541$27,288,044$13,915,706$143,873,422
97$248,544,063$28,538,691$14,295,416$157,890,344
98$273,806,367$29,847,897$14,685,121$173,312,732
99$301,642,617$31,218,444$15,085,073$190,282,990
100$332,315,266$32,653,249$15,495,525$208,958,007