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%18.4%
1 years$421,153$417,402$413,742$410,169$406,681$392,877
2 years$208,492$204,609$200,846$197,197$193,658$179,889
3 years$137,614$133,714$129,960$126,346$122,864$109,563
4 years$102,182$98,294$94,578$91,025$87,628$74,896
5 years$80,928$77,064$73,396$69,916$66,613$54,484
6 years$66,764$62,928$59,315$55,912$52,709$41,192
7 years$56,650$52,847$49,291$45,969$42,866$31,961
8 years$49,068$45,300$41,803$38,562$35,562$25,258
9 years$43,175$39,442$36,005$32,846$29,948$20,234
10 years$38,462$34,766$31,390$28,314$25,517$16,377
11 years$34,610$30,950$27,635$24,641$21,946$13,362
12 years$31,401$27,779$24,525$21,614$19,018$10,970
13 years$28,688$25,104$21,912$19,082$16,584$9,052
14 years$26,365$22,819$19,688$16,939$14,537$7,499
15 years$24,353$20,846$17,775$15,106$12,800$6,233
16 years$22,595$19,125$16,116$13,526$11,312$5,195
17 years$21,045$17,614$14,665$12,153$10,030$4,339
18 years$19,669$16,276$13,387$10,952$8,919$3,631
19 years$18,439$15,084$12,255$9,896$7,949$3,043
20 years$17,333$14,017$11,247$8,963$7,101$2,553
21 years$16,334$13,056$10,345$8,135$6,354$2,145
22 years$15,427$12,188$9,535$7,396$5,696$1,803
23 years$14,601$11,399$8,804$6,736$5,113$1,517
24 years$13,844$10,680$8,142$6,144$4,595$1,277
25 years$13,149$10,023$7,541$5,611$4,135$1,076
26 years$12,508$9,420$6,994$5,130$3,725$906
27 years$11,916$8,865$6,495$4,696$3,358$764
28 years$11,367$8,353$6,038$4,302$3,030$644
29 years$10,857$7,881$5,618$3,945$2,736$543
30 years$10,381$7,442$5,233$3,621$2,472$458
31 years$9,938$7,035$4,879$3,325$2,235$387
32 years$9,523$6,657$4,552$3,056$2,022$326
33 years$9,133$6,304$4,250$2,810$1,830$275
34 years$8,768$5,975$3,971$2,586$1,657$233
35 years$8,424$5,667$3,713$2,380$1,501$196
36 years$8,100$5,379$3,473$2,192$1,360$166
37 years$7,794$5,109$3,251$2,020$1,232$140
38 years$7,505$4,855$3,044$1,862$1,117$118
39 years$7,232$4,617$2,852$1,717$1,013$100
40 years$6,973$4,393$2,673$1,583$919$84
41 years$6,727$4,181$2,507$1,461$834$71
42 years$6,493$3,982$2,351$1,348$756$60
43 years$6,271$3,794$2,207$1,245$686$51
44 years$6,060$3,617$2,071$1,149$623$43
45 years$5,858$3,449$1,945$1,061$566$36
46 years$5,666$3,290$1,827$980$514$31
47 years$5,483$3,140$1,716$906$466$26
48 years$5,307$2,997$1,613$837$424$22
49 years$5,140$2,862$1,516$773$385$18
50 years$4,979$2,734$1,425$715$349$16

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 $4,167 every year, while hoping to spend $55,250 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: 44/48/8 Blend
55$5,100,000$5,100,000$5,100,000$5,100,000
56$5,624,498$5,354,198$5,275,148$5,858,996
57$6,139,412$5,557,768$5,393,080$6,225,404
58$6,704,994$5,769,462$5,513,111$6,616,291
59$7,326,356$5,989,618$5,635,253$7,038,665
60$8,009,127$6,218,592$5,759,516$7,495,433
61$8,759,508$6,456,753$5,885,910$7,989,792
62$9,584,331$6,704,487$6,014,442$8,525,247
63$10,491,125$6,962,199$6,145,117$9,105,654
64$11,488,180$7,230,307$6,277,939$9,735,245
65$12,584,635$7,509,252$6,412,910$10,418,671
66$13,790,554$7,799,493$6,550,030$11,161,045
67$15,117,030$8,101,507$6,689,295$11,967,985
68$16,576,281$8,415,795$6,830,700$12,845,668
69$18,181,771$8,742,878$6,974,238$13,800,884
70$19,948,334$9,083,302$7,119,898$14,841,099
71$21,892,316$9,437,635$7,267,666$15,974,525
72$24,031,725$9,806,472$7,417,525$17,210,192
73$26,386,405$10,190,433$7,569,456$18,558,033
74$28,978,221$10,590,167$7,723,436$20,028,974
75$31,831,265$11,006,350$7,879,436$21,635,035
76$34,972,083$11,439,691$8,037,427$23,389,444
77$38,429,927$11,890,927$8,197,372$25,306,751
78$42,237,027$12,360,830$8,359,231$27,402,971
79$46,428,900$12,850,207$8,522,962$29,695,727
80$51,044,681$13,359,900$8,688,514$32,204,415
81$56,127,492$13,890,789$8,855,833$34,950,384
82$61,724,852$14,443,793$9,024,859$37,957,133
83$67,889,121$15,019,874$9,195,526$41,250,529
84$74,677,999$15,620,035$9,367,764$44,859,048
85$82,155,064$16,245,326$9,541,493$48,814,042
86$90,390,377$16,896,843$9,716,630$53,150,027
87$99,461,140$17,575,733$9,893,082$57,905,006
88$109,452,426$18,283,193$10,070,749$63,120,824
89$120,457,980$19,020,476$10,249,525$68,843,559
90$132,581,104$19,788,890$10,429,295$75,123,950
91$145,935,634$20,589,803$10,609,934$82,017,871
92$160,647,011$21,424,645$10,791,309$89,586,857
93$176,853,465$22,294,912$10,973,277$97,898,675
94$194,707,322$23,202,167$11,155,685$107,027,957
95$214,376,439$24,148,043$11,338,371$117,056,905
96$236,045,788$25,134,249$11,521,159$128,076,055
97$259,919,204$26,162,573$11,703,863$140,185,125
98$286,221,306$27,234,882$11,886,285$153,493,955
99$315,199,618$28,353,130$12,068,215$168,123,531
100$347,126,906$29,519,360$12,249,427$184,207,121