Can I retire at age 56 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$396,380$392,849$389,404$386,042$382,759$368,300
2 years$196,227$192,573$189,031$185,597$182,266$167,867
3 years$129,519$125,849$122,316$118,914$115,637$101,751
4 years$96,171$92,512$89,014$85,671$82,473$69,205
5 years$76,168$72,531$69,079$65,803$62,695$50,080
6 years$62,836$59,227$55,826$52,623$49,608$37,655
7 years$53,318$49,738$46,392$43,265$40,345$29,049
8 years$46,182$42,635$39,344$36,294$33,470$22,822
9 years$40,635$37,121$33,887$30,914$28,187$18,171
10 years$36,200$32,721$29,543$26,648$24,016$14,614
11 years$32,574$29,129$26,009$23,192$20,655$11,846
12 years$29,554$26,145$23,083$20,342$17,899$9,661
13 years$27,001$23,627$20,623$17,959$15,608$7,917
14 years$24,814$21,477$18,530$15,942$13,682$6,514
15 years$22,921$19,619$16,730$14,218$12,047$5,376
16 years$21,266$18,000$15,168$12,730$10,647$4,448
17 years$19,807$16,578$13,802$11,438$9,440$3,688
18 years$18,512$15,318$12,600$10,308$8,394$3,063
19 years$17,354$14,197$11,534$9,314$7,482$2,548
20 years$16,314$13,193$10,586$8,436$6,683$2,121
21 years$15,373$12,288$9,737$7,656$5,980$1,768
22 years$14,520$11,471$8,974$6,961$5,361$1,475
23 years$13,742$10,728$8,286$6,340$4,812$1,231
24 years$13,029$10,052$7,663$5,782$4,325$1,028
25 years$12,375$9,433$7,098$5,281$3,892$859
26 years$11,772$8,866$6,583$4,828$3,506$718
27 years$11,215$8,344$6,113$4,419$3,161$601
28 years$10,698$7,862$5,682$4,049$2,852$502
29 years$10,218$7,417$5,288$3,713$2,575$420
30 years$9,771$7,005$4,926$3,408$2,327$352
31 years$9,353$6,622$4,592$3,130$2,104$294
32 years$8,962$6,265$4,284$2,876$1,903$246
33 years$8,596$5,933$4,000$2,645$1,722$206
34 years$8,252$5,624$3,738$2,434$1,559$173
35 years$7,928$5,334$3,494$2,240$1,412$144
36 years$7,624$5,063$3,269$2,063$1,280$121
37 years$7,336$4,808$3,060$1,901$1,160$101
38 years$7,064$4,570$2,865$1,752$1,051$85
39 years$6,806$4,345$2,684$1,616$953$71
40 years$6,562$4,134$2,516$1,490$865$59
41 years$6,331$3,935$2,359$1,375$785$50
42 years$6,111$3,748$2,213$1,269$712$42
43 years$5,902$3,571$2,077$1,171$646$35
44 years$5,703$3,404$1,949$1,082$586$29
45 years$5,513$3,246$1,830$999$532$24
46 years$5,333$3,096$1,719$923$483$21
47 years$5,160$2,955$1,615$852$439$17
48 years$4,995$2,821$1,518$788$399$14
49 years$4,837$2,694$1,427$728$362$12
50 years$4,686$2,573$1,341$673$329$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $4,800,000, adding $4,891 every year, while hoping to spend $49,331 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: 54/27/19 Blend
55$4,800,000$4,800,000$4,800,000$4,800,000
56$5,294,645$5,040,245$4,965,845$5,553,027
57$5,782,211$5,234,729$5,079,713$5,924,908
58$6,317,855$5,437,090$5,195,742$6,323,881
59$6,906,430$5,647,661$5,313,953$6,757,110
60$7,553,280$5,866,790$5,434,365$7,227,878
61$8,264,294$6,094,843$5,556,996$7,739,795
62$9,045,960$6,332,198$5,681,863$8,296,834
63$9,905,425$6,579,253$5,808,982$8,903,364
64$10,850,564$6,836,422$5,938,369$9,564,191
65$11,890,053$7,104,138$6,070,036$10,284,604
66$13,033,451$7,382,853$6,203,994$11,070,421
67$14,291,290$7,673,040$6,340,255$11,928,045
68$15,675,174$7,975,191$6,478,826$12,864,523
69$17,197,888$8,289,822$6,619,713$13,887,612
70$18,873,521$8,617,471$6,762,921$15,005,848
71$20,717,593$8,958,700$6,908,452$16,228,627
72$22,747,209$9,314,098$7,056,307$17,566,294
73$24,981,212$9,684,277$7,206,481$19,030,236
74$27,440,369$10,069,879$7,358,971$20,632,991
75$30,147,558$10,471,574$7,513,768$22,388,364
76$33,127,991$10,890,063$7,670,861$24,311,552
77$36,409,447$11,326,078$7,830,237$26,419,292
78$40,022,538$11,780,383$7,991,877$28,730,013
79$44,000,993$12,253,778$8,155,761$31,264,009
80$48,381,979$12,747,098$8,321,863$34,043,630
81$53,206,452$13,261,216$8,490,157$37,093,490
82$58,519,540$13,797,046$8,660,607$40,440,696
83$64,370,974$14,355,542$8,833,178$44,115,105
84$70,815,550$14,937,701$9,007,826$48,149,600
85$77,913,654$15,544,565$9,184,506$52,580,400
86$85,731,824$16,177,226$9,363,164$57,447,402
87$94,343,383$16,836,824$9,543,743$62,794,549
88$103,829,129$17,524,549$9,726,180$68,670,248
89$114,278,096$18,241,648$9,910,403$75,127,822
90$125,788,398$18,989,425$10,096,338$82,226,010
91$138,468,150$19,769,242$10,283,900$90,029,518
92$152,436,490$20,582,524$10,473,000$98,609,631
93$167,824,706$21,430,761$10,663,539$108,044,877
94$184,777,470$22,315,513$10,855,412$118,421,770
95$203,454,207$23,238,408$11,048,503$129,835,620
96$224,030,599$24,201,152$11,242,691$142,391,430
97$246,700,240$25,205,529$11,437,841$156,204,885
98$271,676,469$26,253,404$11,633,813$171,403,437
99$299,194,376$27,346,728$11,830,453$188,127,509
100$329,513,027$28,487,542$12,027,597$206,531,811