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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.1%
1 years$429,411$425,586$421,854$418,212$414,655$404,303
2 years$212,580$208,621$204,784$201,063$197,455$187,091
3 years$140,312$136,336$132,509$128,823$125,274$115,221
4 years$104,185$100,221$96,432$92,810$89,346$79,684
5 years$82,515$78,575$74,835$71,287$67,919$58,673
6 years$68,073$64,162$60,478$57,009$53,742$44,922
7 years$57,761$53,883$50,258$46,870$43,707$35,313
8 years$50,031$46,188$42,622$39,318$36,259$28,288
9 years$44,021$40,215$36,711$33,490$30,535$22,980
10 years$39,217$35,447$32,005$28,869$26,018$18,870
11 years$35,288$31,557$28,177$25,125$22,376$15,625
12 years$32,017$28,324$25,006$22,038$19,391$13,024
13 years$29,251$25,596$22,341$19,456$16,909$10,915
14 years$26,882$23,266$20,074$17,271$14,822$9,188
15 years$24,831$21,254$18,124$15,403$13,051$7,762
16 years$23,038$19,500$16,432$13,791$11,534$6,577
17 years$21,458$17,959$14,953$12,391$10,227$5,587
18 years$20,054$16,595$13,650$11,167$9,093$4,755
19 years$18,800$15,380$12,496$10,090$8,105$4,055
20 years$17,673$14,292$11,468$9,139$7,240$3,463
21 years$16,655$13,312$10,548$8,294$6,479$2,961
22 years$15,730$12,427$9,722$7,541$5,807$2,534
23 years$14,887$11,622$8,976$6,868$5,213$2,171
24 years$14,115$10,889$8,302$6,264$4,686$1,861
25 years$13,406$10,219$7,689$5,721$4,216$1,597
26 years$12,753$9,604$7,131$5,231$3,798$1,371
27 years$12,149$9,039$6,622$4,788$3,424$1,177
28 years$11,590$8,517$6,156$4,387$3,090$1,011
29 years$11,070$8,035$5,729$4,023$2,790$869
30 years$10,585$7,588$5,336$3,692$2,521$747
31 years$10,133$7,173$4,975$3,391$2,279$643
32 years$9,709$6,787$4,641$3,116$2,062$553
33 years$9,312$6,428$4,334$2,865$1,866$476
34 years$8,940$6,092$4,049$2,636$1,689$409
35 years$8,589$5,778$3,786$2,427$1,530$352
36 years$8,259$5,484$3,541$2,235$1,386$303
37 years$7,947$5,209$3,315$2,059$1,256$261
38 years$7,652$4,950$3,104$1,898$1,139$225
39 years$7,373$4,707$2,908$1,750$1,033$193
40 years$7,109$4,479$2,726$1,614$937$166
41 years$6,859$4,263$2,556$1,489$850$143
42 years$6,620$4,060$2,398$1,375$771$123
43 years$6,394$3,869$2,250$1,269$700$106
44 years$6,178$3,688$2,112$1,172$635$92
45 years$5,973$3,516$1,983$1,082$577$79
46 years$5,777$3,354$1,862$999$524$68
47 years$5,590$3,201$1,750$923$476$58
48 years$5,411$3,056$1,644$853$432$50
49 years$5,241$2,918$1,545$789$392$43
50 years$5,077$2,788$1,453$729$356$37

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 $2,292 every year, while hoping to spend $42,270 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: 38/35/27 Blend
55$5,200,000$5,200,000$5,200,000$5,200,000
56$5,732,764$5,457,164$5,376,564$5,904,400
57$6,272,531$5,679,590$5,511,704$6,252,882
58$6,865,938$5,911,499$5,649,955$6,625,192
59$7,518,410$6,153,309$5,791,375$7,026,759
60$8,235,928$6,405,461$5,936,026$7,460,267
61$9,025,077$6,668,413$6,083,967$7,928,657
62$9,893,116$6,942,646$6,235,261$8,435,164
63$10,848,041$7,228,663$6,389,969$8,983,337
64$11,898,661$7,526,987$6,548,153$9,577,076
65$13,054,684$7,838,169$6,709,876$10,220,665
66$14,326,806$8,162,784$6,875,201$10,918,812
67$15,726,812$8,501,432$7,044,192$11,676,691
68$17,267,686$8,854,742$7,216,912$12,499,987
69$18,963,737$9,223,371$7,393,425$13,394,952
70$20,830,730$9,608,007$7,573,797$14,368,458
71$22,886,035$10,009,371$7,758,090$15,428,062
72$25,148,795$10,428,214$7,946,370$16,582,075
73$27,640,100$10,865,325$8,138,702$17,839,635
74$30,383,192$11,321,527$8,335,149$19,210,795
75$33,403,678$11,797,683$8,535,778$20,706,615
76$36,729,779$12,294,694$8,740,652$22,339,260
77$40,392,587$12,813,506$8,949,835$24,122,117
78$44,426,368$13,355,105$9,163,391$26,069,914
79$48,868,877$13,920,524$9,381,385$28,198,860
80$53,761,720$14,510,847$9,603,878$30,526,791
81$59,150,741$15,127,204$9,830,933$33,073,340
82$65,086,460$15,770,781$10,062,613$35,860,113
83$71,624,546$16,442,816$10,298,978$38,910,896
84$78,826,344$17,144,608$10,540,088$42,251,871
85$86,759,452$17,877,515$10,786,002$45,911,859
86$95,498,361$18,642,958$11,036,778$49,922,595
87$105,125,156$19,442,426$11,292,472$54,319,012
88$115,730,293$20,277,475$11,553,141$59,139,579
89$127,413,447$21,149,736$11,818,836$64,426,649
90$140,284,462$22,060,916$12,089,610$70,226,861
91$154,464,378$23,012,802$12,365,512$76,591,573
92$170,086,578$24,007,263$12,646,591$83,577,340
93$187,298,048$25,046,258$12,932,890$91,246,445
94$206,260,761$26,131,837$13,224,455$99,667,481
95$227,153,208$27,266,146$13,521,323$108,915,993
96$250,172,080$28,451,432$13,823,532$119,075,184
97$275,534,129$29,690,049$14,131,117$130,236,692
98$303,478,208$30,984,459$14,444,108$142,501,454
99$334,267,531$32,337,243$14,762,531$155,980,648
100$368,192,153$33,751,102$15,086,410$170,796,736