Can I retire at age 56 with 4,600,000?

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 $4,600,000?

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%
1 years$379,864$376,480$373,179$369,957$366,810$365,111
2 years$188,051$184,549$181,155$177,864$174,672$172,957
3 years$124,122$120,605$117,219$113,959$110,819$109,141
4 years$92,164$88,657$85,306$82,101$79,037$77,409
5 years$72,994$69,508$66,201$63,062$60,083$58,510
6 years$60,218$56,759$53,500$50,431$47,541$46,025
7 years$51,096$47,666$44,459$41,462$38,664$37,205
8 years$44,258$40,859$37,704$34,781$32,075$30,675
9 years$38,942$35,575$32,475$29,626$27,012$25,669
10 years$34,692$31,357$28,312$25,538$23,016$21,729
11 years$31,216$27,916$24,926$22,226$19,794$18,564
12 years$28,322$25,056$22,121$19,495$17,153$15,978
13 years$25,876$22,643$19,764$17,211$14,958$13,837
14 years$23,780$20,582$17,758$15,278$13,112$12,043
15 years$21,966$18,802$16,033$13,625$11,545$10,528
16 years$20,380$17,250$14,536$12,200$10,203$9,236
17 years$18,982$15,887$13,227$10,962$9,047$8,128
18 years$17,740$14,680$12,075$9,879$8,044$7,172
19 years$16,631$13,605$11,054$8,926$7,170$6,344
20 years$15,634$12,643$10,145$8,084$6,404$5,622
21 years$14,733$11,776$9,331$7,337$5,731$4,991
22 years$13,915$10,993$8,600$6,671$5,137$4,438
23 years$13,169$10,281$7,941$6,075$4,611$3,951
24 years$12,487$9,633$7,344$5,541$4,145$3,522
25 years$11,860$9,040$6,802$5,061$3,730$3,143
26 years$11,282$8,496$6,308$4,627$3,360$2,807
27 years$10,748$7,996$5,858$4,235$3,029$2,509
28 years$10,252$7,534$5,446$3,880$2,733$2,245
29 years$9,792$7,108$5,068$3,558$2,468$2,009
30 years$9,364$6,713$4,720$3,266$2,230$1,800
31 years$8,963$6,346$4,401$2,999$2,016$1,613
32 years$8,589$6,004$4,106$2,756$1,824$1,446
33 years$8,238$5,686$3,834$2,535$1,650$1,297
34 years$7,908$5,389$3,582$2,332$1,494$1,163
35 years$7,598$5,112$3,349$2,147$1,353$1,044
36 years$7,306$4,852$3,133$1,977$1,226$938
37 years$7,030$4,608$2,932$1,822$1,111$842
38 years$6,769$4,379$2,746$1,679$1,008$756
39 years$6,523$4,164$2,573$1,548$914$679
40 years$6,289$3,962$2,411$1,428$829$610
41 years$6,067$3,771$2,261$1,318$752$549
42 years$5,856$3,592$2,121$1,216$682$493
43 years$5,656$3,422$1,990$1,122$619$443
44 years$5,465$3,262$1,868$1,036$562$399
45 years$5,284$3,111$1,754$957$510$358
46 years$5,110$2,967$1,648$884$463$322
47 years$4,945$2,832$1,548$817$421$290
48 years$4,787$2,703$1,455$755$382$261
49 years$4,636$2,582$1,367$698$347$235
50 years$4,491$2,466$1,285$645$315$211

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $4,600,000, adding $3,415 every year, while hoping to spend $52,703 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: 63/30/7 Blend
55$4,600,000$4,600,000$4,600,000$4,600,000
56$5,072,723$4,828,923$4,757,623$5,385,354
57$5,534,065$5,009,464$4,860,927$5,774,781
58$6,040,697$5,197,086$4,965,926$6,193,300
59$6,597,184$5,392,079$5,072,621$6,648,878
60$7,208,554$5,594,748$5,181,010$7,145,102
61$7,880,344$5,805,408$5,291,092$7,685,915
62$8,618,658$6,024,392$5,402,862$8,275,659
63$9,430,216$6,252,042$5,516,314$8,919,109
64$10,322,427$6,488,720$5,631,438$9,621,519
65$11,303,447$6,734,801$5,748,225$10,388,672
66$12,382,269$6,990,676$5,866,660$11,226,930
67$13,568,794$7,256,753$5,986,727$12,143,298
68$14,873,937$7,533,460$6,108,408$13,145,485
69$16,309,720$7,821,241$6,231,681$14,241,976
70$17,889,390$8,120,560$6,356,521$15,442,114
71$19,627,542$8,431,902$6,482,899$16,756,181
72$21,540,260$8,755,773$6,610,784$18,195,500
73$23,645,261$9,092,702$6,740,141$19,772,536
74$25,962,072$9,443,238$6,870,930$21,501,017
75$28,512,205$9,807,958$7,003,107$23,396,055
76$31,319,364$10,187,463$7,136,626$25,474,294
77$34,409,670$10,582,378$7,271,433$27,754,061
78$37,811,902$10,993,361$7,407,472$30,255,540
79$41,557,773$11,421,093$7,544,680$33,000,958
80$45,682,229$11,866,290$7,682,989$36,014,796
81$50,223,775$12,329,696$7,822,328$39,324,017
82$55,224,840$12,812,091$7,962,616$42,958,318
83$60,732,178$13,314,289$8,103,768$46,950,407
84$66,797,309$13,837,137$8,245,693$51,336,314
85$73,477,002$14,381,524$8,388,291$56,155,725
86$80,833,814$14,948,377$8,531,457$61,452,353
87$88,936,679$15,538,663$8,675,076$67,274,355
88$97,861,557$16,153,395$8,819,029$73,674,775
89$107,692,153$16,793,629$8,963,183$80,712,051
90$118,520,705$17,460,468$9,107,402$88,450,557
91$130,448,853$18,155,068$9,251,536$96,961,210
92$143,588,602$18,878,632$9,395,429$106,322,140
93$158,063,376$19,632,421$9,538,912$116,619,419
94$174,009,181$20,417,751$9,681,806$127,947,874
95$191,575,894$21,235,997$9,823,923$140,411,976
96$210,928,672$22,088,597$9,965,061$154,126,826
97$232,249,512$22,977,054$10,105,006$169,219,235
98$255,738,970$23,902,938$10,243,532$185,828,920
99$281,618,053$24,867,890$10,380,399$204,109,817
100$310,130,305$25,873,627$10,515,352$224,231,530