Can I retire at age 56 with 5,200,000?

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 $5,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$429,411$425,586$421,854$418,212$414,655$400,262
2 years$212,580$208,621$204,784$201,063$197,455$183,102
3 years$140,312$136,336$132,509$128,823$125,274$111,413
4 years$104,185$100,221$96,432$92,810$89,346$76,083
5 years$82,515$78,575$74,835$71,287$67,919$55,290
6 years$68,073$64,162$60,478$57,009$53,742$41,755
7 years$57,761$53,883$50,258$46,870$43,707$32,361
8 years$50,031$46,188$42,622$39,318$36,259$25,544
9 years$44,021$40,215$36,711$33,490$30,535$20,438
10 years$39,217$35,447$32,005$28,869$26,018$16,522
11 years$35,288$31,557$28,177$25,125$22,376$13,462
12 years$32,017$28,324$25,006$22,038$19,391$11,038
13 years$29,251$25,596$22,341$19,456$16,909$9,095
14 years$26,882$23,266$20,074$17,271$14,822$7,525
15 years$24,831$21,254$18,124$15,403$13,051$6,246
16 years$23,038$19,500$16,432$13,791$11,534$5,198
17 years$21,458$17,959$14,953$12,391$10,227$4,335
18 years$20,054$16,595$13,650$11,167$9,093$3,622
19 years$18,800$15,380$12,496$10,090$8,105$3,031
20 years$17,673$14,292$11,468$9,139$7,240$2,539
21 years$16,655$13,312$10,548$8,294$6,479$2,130
22 years$15,730$12,427$9,722$7,541$5,807$1,788
23 years$14,887$11,622$8,976$6,868$5,213$1,502
24 years$14,115$10,889$8,302$6,264$4,686$1,262
25 years$13,406$10,219$7,689$5,721$4,216$1,061
26 years$12,753$9,604$7,131$5,231$3,798$893
27 years$12,149$9,039$6,622$4,788$3,424$752
28 years$11,590$8,517$6,156$4,387$3,090$633
29 years$11,070$8,035$5,729$4,023$2,790$533
30 years$10,585$7,588$5,336$3,692$2,521$449
31 years$10,133$7,173$4,975$3,391$2,279$378
32 years$9,709$6,787$4,641$3,116$2,062$318
33 years$9,312$6,428$4,334$2,865$1,866$268
34 years$8,940$6,092$4,049$2,636$1,689$226
35 years$8,589$5,778$3,786$2,427$1,530$191
36 years$8,259$5,484$3,541$2,235$1,386$161
37 years$7,947$5,209$3,315$2,059$1,256$135
38 years$7,652$4,950$3,104$1,898$1,139$114
39 years$7,373$4,707$2,908$1,750$1,033$96
40 years$7,109$4,479$2,726$1,614$937$81
41 years$6,859$4,263$2,556$1,489$850$68
42 years$6,620$4,060$2,398$1,375$771$58
43 years$6,394$3,869$2,250$1,269$700$49
44 years$6,178$3,688$2,112$1,172$635$41
45 years$5,973$3,516$1,983$1,082$577$35
46 years$5,777$3,354$1,862$999$524$29
47 years$5,590$3,201$1,750$923$476$25
48 years$5,411$3,056$1,644$853$432$21
49 years$5,241$2,918$1,545$789$392$17
50 years$5,077$2,788$1,453$729$356$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $5,200,000, adding $5,042 every year, while hoping to spend $38,855 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: 66/6/28 Blend
55$5,200,000$5,200,000$5,200,000$5,200,000
56$5,735,601$5,460,001$5,379,401$6,071,546
57$6,279,291$5,686,199$5,518,269$6,525,112
58$6,877,135$5,922,180$5,660,488$7,016,048
59$7,534,615$6,168,379$5,806,127$7,551,994
60$8,257,774$6,425,257$5,955,260$8,137,396
61$9,053,265$6,693,293$6,107,959$8,777,145
62$9,928,422$6,972,989$6,264,300$9,476,627
63$10,891,324$7,264,868$6,424,357$10,241,775
64$11,950,874$7,569,482$6,588,208$11,079,119
65$13,116,880$7,887,403$6,755,929$11,995,852
66$14,400,149$8,219,233$6,927,601$12,999,897
67$15,812,590$8,565,602$7,103,302$14,099,975
68$17,367,325$8,927,167$7,283,112$15,305,697
69$19,078,811$9,304,617$7,467,115$16,627,644
70$20,962,979$9,698,672$7,655,393$18,077,473
71$23,037,383$10,110,087$7,848,029$19,668,024
72$25,321,366$10,539,652$8,045,108$21,413,438
73$27,836,242$10,988,191$8,246,715$23,329,294
74$30,605,496$11,456,570$8,452,938$25,432,755
75$33,655,007$11,945,693$8,663,862$27,742,724
76$37,013,293$12,456,507$8,879,577$30,280,028
77$40,711,777$12,990,003$9,100,170$33,067,610
78$44,785,084$13,547,219$9,325,732$36,130,745
79$49,271,371$14,129,242$9,556,353$39,497,280
80$54,212,683$14,737,207$9,792,123$43,197,892
81$59,655,351$15,372,304$10,033,133$47,266,382
82$65,650,430$16,035,780$10,279,476$51,739,987
83$72,254,180$16,728,939$10,531,244$56,659,735
84$79,528,595$17,453,145$10,788,529$62,070,830
85$87,541,992$18,209,830$11,051,425$68,023,076
86$96,369,651$19,000,488$11,320,025$74,571,348
87$106,094,531$19,826,688$11,594,421$81,776,108
88$116,808,047$20,690,069$11,874,708$89,703,976
89$128,610,936$21,592,350$12,160,978$98,428,355
90$141,614,206$22,535,330$12,453,326$108,030,123
91$155,940,185$23,520,891$12,751,842$118,598,399
92$171,723,676$24,551,007$13,056,622$130,231,378
93$189,113,228$25,627,743$13,367,755$143,037,260
94$208,272,536$26,753,262$13,685,334$157,135,266
95$229,381,992$27,929,828$14,009,449$172,656,767
96$252,640,380$29,159,815$14,340,191$189,746,520
97$278,266,758$30,445,705$14,677,647$208,564,032
98$306,502,524$31,790,102$15,021,905$229,285,066
99$337,613,695$33,195,729$15,373,051$252,103,297
100$371,893,413$34,665,442$15,731,170$277,232,140