Can I retire at age 56 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$421,153$417,402$413,742$410,169$406,681$403,105
2 years$208,492$204,609$200,846$197,197$193,658$190,054
3 years$137,614$133,714$129,960$126,346$122,864$119,345
4 years$102,182$98,294$94,578$91,025$87,628$84,220
5 years$80,928$77,064$73,396$69,916$66,613$63,327
6 years$66,764$62,928$59,315$55,912$52,709$49,548
7 years$56,650$52,847$49,291$45,969$42,866$39,832
8 years$49,068$45,300$41,803$38,562$35,562$32,654
9 years$43,175$39,442$36,005$32,846$29,948$27,166
10 years$38,462$34,766$31,390$28,314$25,517$22,860
11 years$34,610$30,950$27,635$24,641$21,946$19,410
12 years$31,401$27,779$24,525$21,614$19,018$16,602
13 years$28,688$25,104$21,912$19,082$16,584$14,285
14 years$26,365$22,819$19,688$16,939$14,537$12,353
15 years$24,353$20,846$17,775$15,106$12,800$10,726
16 years$22,595$19,125$16,116$13,526$11,312$9,347
17 years$21,045$17,614$14,665$12,153$10,030$8,169
18 years$19,669$16,276$13,387$10,952$8,919$7,158
19 years$18,439$15,084$12,255$9,896$7,949$6,285
20 years$17,333$14,017$11,247$8,963$7,101$5,530
21 years$16,334$13,056$10,345$8,135$6,354$4,874
22 years$15,427$12,188$9,535$7,396$5,696$4,301
23 years$14,601$11,399$8,804$6,736$5,113$3,801
24 years$13,844$10,680$8,142$6,144$4,595$3,362
25 years$13,149$10,023$7,541$5,611$4,135$2,977
26 years$12,508$9,420$6,994$5,130$3,725$2,638
27 years$11,916$8,865$6,495$4,696$3,358$2,340
28 years$11,367$8,353$6,038$4,302$3,030$2,077
29 years$10,857$7,881$5,618$3,945$2,736$1,844
30 years$10,381$7,442$5,233$3,621$2,472$1,638
31 years$9,938$7,035$4,879$3,325$2,235$1,456
32 years$9,523$6,657$4,552$3,056$2,022$1,295
33 years$9,133$6,304$4,250$2,810$1,830$1,152
34 years$8,768$5,975$3,971$2,586$1,657$1,025
35 years$8,424$5,667$3,713$2,380$1,501$912
36 years$8,100$5,379$3,473$2,192$1,360$812
37 years$7,794$5,109$3,251$2,020$1,232$723
38 years$7,505$4,855$3,044$1,862$1,117$644
39 years$7,232$4,617$2,852$1,717$1,013$574
40 years$6,973$4,393$2,673$1,583$919$511
41 years$6,727$4,181$2,507$1,461$834$455
42 years$6,493$3,982$2,351$1,348$756$406
43 years$6,271$3,794$2,207$1,245$686$362
44 years$6,060$3,617$2,071$1,149$623$322
45 years$5,858$3,449$1,945$1,061$566$287
46 years$5,666$3,290$1,827$980$514$256
47 years$5,483$3,140$1,716$906$466$228
48 years$5,307$2,997$1,613$837$424$204
49 years$5,140$2,862$1,516$773$385$182
50 years$4,979$2,734$1,425$715$349$162

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $5,100,000, adding $4,929 every year, while hoping to spend $36,267 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: 40/43/17 Blend
55$5,100,000$5,100,000$5,100,000$5,100,000
56$5,625,284$5,354,984$5,275,934$5,821,710
57$6,160,475$5,578,791$5,414,090$6,185,798
58$6,749,041$5,812,348$5,555,659$6,575,544
59$7,396,386$6,056,096$5,700,716$6,996,411
60$8,108,467$6,310,494$5,849,340$7,451,248
61$8,891,846$6,576,024$6,001,608$7,943,177
62$9,753,753$6,853,189$6,157,602$8,475,627
63$10,702,156$7,142,515$6,317,401$9,052,361
64$11,745,832$7,444,554$6,481,090$9,677,512
65$12,894,453$7,759,883$6,648,753$10,355,619
66$14,158,675$8,089,105$6,820,474$11,091,666
67$15,550,241$8,432,852$6,996,341$11,891,130
68$17,082,089$8,791,786$7,176,442$12,760,028
69$18,768,476$9,166,597$7,360,866$13,704,971
70$20,625,110$9,558,011$7,549,705$14,733,228
71$22,669,303$9,966,784$7,743,052$15,852,786
72$24,920,126$10,393,711$7,940,999$17,072,428
73$27,398,599$10,839,622$8,143,641$18,401,810
74$30,127,878$11,305,387$8,351,076$19,851,549
75$33,133,485$11,791,914$8,563,400$21,433,322
76$36,443,540$12,300,157$8,780,713$23,159,971
77$40,089,029$12,831,112$9,003,115$25,045,624
78$44,104,097$13,385,824$9,230,707$27,105,820
79$48,526,372$13,965,386$9,463,592$29,357,655
80$53,397,313$14,570,941$9,701,874$31,819,941
81$58,762,610$15,203,688$9,945,658$34,513,377
82$64,672,608$15,864,881$10,195,049$37,460,738
83$71,182,787$16,555,833$10,450,156$40,687,092
84$78,354,282$17,277,920$10,711,087$44,220,026
85$86,254,461$18,032,580$10,977,950$48,089,906
86$94,957,561$18,821,322$11,250,857$52,330,155
87$104,545,390$19,645,724$11,529,919$56,977,565
88$115,108,095$20,507,440$11,815,247$62,072,638
89$126,745,017$21,408,201$12,106,954$67,659,966
90$139,565,626$22,349,820$12,405,154$73,788,640
91$153,690,555$23,334,196$12,709,961$80,512,713
92$169,252,737$24,363,317$13,021,490$87,891,698
93$186,398,663$25,439,266$13,339,857$95,991,129
94$205,289,760$26,564,225$13,665,176$104,883,168
95$226,103,921$27,740,476$13,997,564$114,647,279
96$249,037,176$28,970,415$14,337,138$125,370,975
97$274,305,548$30,256,545$14,684,012$137,150,628
98$302,147,092$31,601,494$15,038,304$150,092,377
99$332,824,138$33,008,010$15,400,130$164,313,120
100$366,625,771$34,478,973$15,769,606$179,941,605