Can I retire at age 56 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$404,637$401,033$397,517$394,084$390,733$386,652
2 years$200,316$196,585$192,969$189,464$186,063$181,954
3 years$132,217$128,470$124,864$121,391$118,046$114,036
4 years$98,175$94,439$90,869$87,456$84,192$80,311
5 years$77,754$74,042$70,518$67,174$64,001$60,261
6 years$64,145$60,461$56,989$53,720$50,642$47,048
7 years$54,429$50,775$47,358$44,166$41,185$37,738
8 years$47,144$43,523$40,163$37,050$34,167$30,867
9 years$41,482$37,895$34,593$31,558$28,774$25,620
10 years$36,954$33,402$30,159$27,203$24,517$21,506
11 years$33,252$29,736$26,551$23,675$21,085$18,216
12 years$30,170$26,690$23,564$20,766$18,272$15,541
13 years$27,563$24,120$21,053$18,334$15,934$13,338
14 years$25,331$21,924$18,916$16,274$13,967$11,503
15 years$23,398$20,028$17,078$14,514$12,298$9,962
16 years$21,709$18,375$15,484$12,996$10,869$8,657
17 years$20,220$16,923$14,090$11,676$9,637$7,545
18 years$18,897$15,638$12,862$10,523$8,569$6,592
19 years$17,716$14,493$11,775$9,508$7,638$5,772
20 years$16,654$13,467$10,806$8,612$6,822$5,063
21 years$15,694$12,544$9,940$7,816$6,105$4,449
22 years$14,822$11,710$9,161$7,106$5,472$3,915
23 years$14,028$10,952$8,459$6,472$4,912$3,449
24 years$13,301$10,261$7,823$5,903$4,415$3,041
25 years$12,633$9,630$7,245$5,391$3,973$2,685
26 years$12,017$9,050$6,720$4,929$3,579$2,372
27 years$11,448$8,517$6,240$4,512$3,227$2,097
28 years$10,921$8,026$5,801$4,134$2,911$1,855
29 years$10,431$7,571$5,398$3,791$2,629$1,642
30 years$9,974$7,150$5,028$3,479$2,375$1,454
31 years$9,548$6,760$4,688$3,195$2,148$1,288
32 years$9,149$6,396$4,374$2,936$1,943$1,142
33 years$8,775$6,057$4,084$2,700$1,758$1,012
34 years$8,424$5,741$3,816$2,484$1,592$898
35 years$8,094$5,445$3,567$2,287$1,442$796
36 years$7,782$5,168$3,337$2,106$1,306$706
37 years$7,489$4,908$3,123$1,941$1,184$627
38 years$7,211$4,665$2,925$1,789$1,073$556
39 years$6,948$4,436$2,740$1,649$973$494
40 years$6,699$4,220$2,569$1,521$883$439
41 years$6,463$4,017$2,408$1,404$801$389
42 years$6,238$3,826$2,259$1,295$727$346
43 years$6,025$3,645$2,120$1,196$660$307
44 years$5,822$3,475$1,990$1,104$599$273
45 years$5,628$3,314$1,869$1,020$544$242
46 years$5,444$3,161$1,755$942$493$215
47 years$5,268$3,017$1,649$870$448$191
48 years$5,099$2,880$1,549$804$407$170
49 years$4,938$2,750$1,456$743$370$151
50 years$4,784$2,627$1,369$687$336$134

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $4,900,000, adding $6,789 every year, while hoping to spend $21,076 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: 81/6/13 Blend
55$4,900,000$4,900,000$4,900,000$4,900,000
56$5,406,803$5,147,103$5,071,153$5,830,884
57$5,935,872$5,376,886$5,218,612$6,340,062
58$6,518,200$5,617,223$5,370,304$6,895,431
59$7,159,197$5,868,607$5,526,350$7,504,450
60$7,864,823$6,131,557$5,686,871$8,172,491
61$8,641,649$6,406,617$5,851,995$8,905,468
62$9,496,911$6,694,355$6,021,850$9,709,895
63$10,438,585$6,995,367$6,196,571$10,592,947
64$11,475,458$7,310,278$6,376,294$11,562,525
65$12,617,215$7,639,742$6,561,161$12,627,333
66$13,874,527$7,984,445$6,751,315$13,796,959
67$15,259,150$8,345,104$6,946,905$15,081,964
68$16,784,041$8,722,472$7,148,084$16,493,980
69$18,463,478$9,117,338$7,355,010$18,045,822
70$20,313,192$9,530,527$7,567,842$19,751,608
71$22,350,520$9,962,905$7,786,747$21,626,887
72$24,594,565$10,415,380$8,011,896$23,688,793
73$27,066,378$10,888,900$8,243,461$25,956,200
74$29,789,155$11,384,464$8,481,624$28,449,899
75$32,788,459$11,903,113$8,726,569$31,192,798
76$36,092,458$12,445,941$8,978,485$34,210,136
77$39,732,191$13,014,094$9,237,566$37,529,718
78$43,741,864$13,608,774$9,504,014$41,182,178
79$48,159,168$14,231,238$9,778,032$45,201,267
80$53,025,639$14,882,805$10,059,833$49,624,174
81$58,387,049$15,564,857$10,349,632$54,491,869
82$64,293,836$16,278,843$10,647,653$59,849,498
83$70,801,582$17,026,281$10,954,123$65,746,800
84$77,971,536$17,808,761$11,269,279$72,238,578
85$85,871,192$18,627,950$11,593,360$79,385,218
86$94,574,931$19,485,597$11,926,614$87,253,255
87$104,164,714$20,383,531$12,269,296$95,916,000
88$114,730,864$21,323,674$12,621,667$105,454,234
89$126,372,914$22,308,035$12,983,994$115,956,963
90$139,200,548$23,338,725$13,356,554$127,522,263
91$153,334,634$24,417,953$13,739,629$140,258,203
92$168,908,369$25,548,036$14,133,510$154,283,860
93$186,068,534$26,731,401$14,538,494$169,730,447
94$204,976,879$27,970,593$14,954,887$186,742,547
95$225,811,649$29,268,281$15,383,004$205,479,475
96$248,769,270$30,627,260$15,823,168$226,116,786
97$274,066,201$32,050,461$16,275,709$248,847,923
98$301,940,977$33,540,957$16,740,969$273,886,046
99$332,656,460$35,101,967$17,219,295$301,466,043
100$366,502,324$36,736,869$17,711,046$331,846,742