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

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$379,864$376,480$373,179$369,957$366,810$361,329
2 years$188,051$184,549$181,155$177,864$174,672$169,161
3 years$124,122$120,605$117,219$113,959$110,819$105,451
4 years$92,164$88,657$85,306$82,101$79,037$73,854
5 years$72,994$69,508$66,201$63,062$60,083$55,098
6 years$60,218$56,759$53,500$50,431$47,541$42,762
7 years$51,096$47,666$44,459$41,462$38,664$34,091
8 years$44,258$40,859$37,704$34,781$32,075$27,708
9 years$38,942$35,575$32,475$29,626$27,012$22,849
10 years$34,692$31,357$28,312$25,538$23,016$19,053
11 years$31,216$27,916$24,926$22,226$19,794$16,028
12 years$28,322$25,056$22,121$19,495$17,153$13,579
13 years$25,876$22,643$19,764$17,211$14,958$11,570
14 years$23,780$20,582$17,758$15,278$13,112$9,906
15 years$21,966$18,802$16,033$13,625$11,545$8,515
16 years$20,380$17,250$14,536$12,200$10,203$7,343
17 years$18,982$15,887$13,227$10,962$9,047$6,350
18 years$17,740$14,680$12,075$9,879$8,044$5,505
19 years$16,631$13,605$11,054$8,926$7,170$4,782
20 years$15,634$12,643$10,145$8,084$6,404$4,161
21 years$14,733$11,776$9,331$7,337$5,731$3,626
22 years$13,915$10,993$8,600$6,671$5,137$3,164
23 years$13,169$10,281$7,941$6,075$4,611$2,764
24 years$12,487$9,633$7,344$5,541$4,145$2,417
25 years$11,860$9,040$6,802$5,061$3,730$2,115
26 years$11,282$8,496$6,308$4,627$3,360$1,852
27 years$10,748$7,996$5,858$4,235$3,029$1,623
28 years$10,252$7,534$5,446$3,880$2,733$1,423
29 years$9,792$7,108$5,068$3,558$2,468$1,248
30 years$9,364$6,713$4,720$3,266$2,230$1,096
31 years$8,963$6,346$4,401$2,999$2,016$962
32 years$8,589$6,004$4,106$2,756$1,824$845
33 years$8,238$5,686$3,834$2,535$1,650$742
34 years$7,908$5,389$3,582$2,332$1,494$652
35 years$7,598$5,112$3,349$2,147$1,353$573
36 years$7,306$4,852$3,133$1,977$1,226$504
37 years$7,030$4,608$2,932$1,822$1,111$443
38 years$6,769$4,379$2,746$1,679$1,008$389
39 years$6,523$4,164$2,573$1,548$914$343
40 years$6,289$3,962$2,411$1,428$829$301
41 years$6,067$3,771$2,261$1,318$752$265
42 years$5,856$3,592$2,121$1,216$682$233
43 years$5,656$3,422$1,990$1,122$619$205
44 years$5,465$3,262$1,868$1,036$562$180
45 years$5,284$3,111$1,754$957$510$159
46 years$5,110$2,967$1,648$884$463$140
47 years$4,945$2,832$1,548$817$421$123
48 years$4,787$2,703$1,455$755$382$108
49 years$4,636$2,582$1,367$698$347$95
50 years$4,491$2,466$1,285$645$315$84

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 $5,518 every year, while hoping to spend $58,785 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: 43/40/17 Blend
55$4,600,000$4,600,000$4,600,000$4,600,000
56$5,074,892$4,831,092$4,759,792$5,267,792
57$5,529,984$5,005,269$4,856,698$5,578,272
58$6,029,525$5,186,010$4,954,880$5,908,210
59$6,577,988$5,373,575$5,054,320$6,264,418
60$7,180,297$5,568,234$5,154,994$6,649,340
61$7,841,879$5,770,270$5,256,878$7,065,662
62$8,568,712$5,979,975$5,359,945$7,516,334
63$9,367,382$6,197,655$5,464,164$8,004,600
64$10,245,143$6,423,627$5,569,501$8,534,025
65$11,209,987$6,658,225$5,675,920$9,108,530
66$12,270,720$6,901,793$5,783,378$9,732,424
67$13,437,044$7,154,691$5,891,831$10,410,449
68$14,719,646$7,417,294$6,001,231$11,147,818
69$16,130,302$7,689,994$6,111,524$11,950,266
70$17,681,987$7,973,197$6,222,654$12,824,102
71$19,388,995$8,267,329$6,334,558$13,776,268
72$21,267,076$8,572,832$6,447,169$14,814,400
73$23,333,584$8,890,167$6,560,416$15,946,903
74$25,607,640$9,219,815$6,674,220$17,183,026
75$28,110,311$9,562,278$6,788,499$18,532,948
76$30,864,812$9,918,079$6,903,162$20,007,874
77$33,896,720$10,287,762$7,018,116$21,620,135
78$37,234,219$10,671,896$7,133,256$23,383,308
79$40,908,364$11,071,074$7,248,475$25,312,339
80$44,953,374$11,485,914$7,363,656$27,423,680
81$49,406,955$11,917,059$7,478,675$29,735,449
82$54,310,653$12,365,184$7,593,399$32,267,591
83$59,710,250$12,830,989$7,707,689$35,042,072
84$65,656,194$13,315,205$7,821,394$38,083,077
85$72,204,071$13,818,596$7,934,357$41,417,239
86$79,415,137$14,341,958$8,046,409$45,073,889
87$87,356,889$14,886,122$8,157,371$49,085,329
88$96,103,704$15,451,954$8,267,055$53,487,134
89$105,737,541$16,040,359$8,375,261$58,318,486
90$116,348,714$16,652,280$8,481,775$63,622,541
91$128,036,744$17,288,703$8,586,376$69,446,830
92$140,911,297$17,950,655$8,688,825$75,843,712
93$155,093,221$18,639,209$8,788,872$82,870,857
94$170,715,684$19,355,484$8,886,254$90,591,792
95$187,925,431$20,100,651$8,980,691$99,076,496
96$206,884,170$20,875,928$9,071,889$108,402,057
97$227,770,097$21,682,589$9,159,539$118,653,393
98$250,779,575$22,521,965$9,243,312$129,924,056
99$276,128,994$23,395,443$9,322,865$142,317,106
100$304,056,806$24,304,474$9,397,835$155,946,081