Can I retire at age 56 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$437,669$433,771$429,967$426,254$422,629$418,564
2 years$216,668$212,633$208,722$204,930$201,252$197,157
3 years$143,010$138,958$135,057$131,301$127,683$123,684
4 years$106,189$102,149$98,287$94,595$91,064$87,194
5 years$84,102$80,086$76,275$72,658$69,226$65,495
6 years$69,382$65,396$61,641$58,105$54,776$51,189
7 years$58,872$54,920$51,224$47,771$44,547$41,106
8 years$50,993$47,076$43,442$40,074$36,956$33,660
9 years$44,868$40,988$37,417$34,134$31,123$27,970
10 years$39,971$36,129$32,621$29,424$26,518$23,508
11 years$35,967$32,164$28,719$25,608$22,806$19,936
12 years$32,632$28,868$25,487$22,461$19,764$17,030
13 years$29,813$26,089$22,771$19,830$17,234$14,635
14 years$27,399$23,714$20,460$17,603$15,107$12,638
15 years$25,308$21,663$18,473$15,699$13,302$10,959
16 years$23,481$19,875$16,748$14,057$11,756$9,537
17 years$21,870$18,304$15,240$12,630$10,424$8,323
18 years$20,440$16,914$13,912$11,382$9,268$7,283
19 years$19,162$15,676$12,736$10,285$8,261$6,386
20 years$18,013$14,567$11,688$9,315$7,379$5,610
21 years$16,975$13,568$10,751$8,454$6,603$4,937
22 years$16,032$12,666$9,909$7,686$5,919$4,351
23 years$15,173$11,846$9,149$7,000$5,313$3,839
24 years$14,387$11,099$8,461$6,384$4,776$3,390
25 years$13,664$10,416$7,837$5,831$4,297$2,997
26 years$12,998$9,789$7,268$5,331$3,871$2,652
27 years$12,383$9,213$6,749$4,880$3,490$2,348
28 years$11,813$8,681$6,274$4,471$3,149$2,081
29 years$11,282$8,190$5,839$4,100$2,843$1,845
30 years$10,789$7,734$5,439$3,763$2,569$1,636
31 years$10,327$7,311$5,070$3,456$2,323$1,452
32 years$9,896$6,918$4,731$3,176$2,101$1,289
33 years$9,492$6,551$4,417$2,921$1,902$1,145
34 years$9,112$6,209$4,127$2,687$1,722$1,017
35 years$8,754$5,889$3,858$2,474$1,559$904
36 years$8,418$5,590$3,610$2,278$1,413$803
37 years$8,100$5,309$3,378$2,099$1,281$714
38 years$7,800$5,046$3,164$1,935$1,161$635
39 years$7,515$4,798$2,964$1,784$1,053$564
40 years$7,246$4,565$2,778$1,645$955$502
41 years$6,990$4,345$2,605$1,518$866$447
42 years$6,748$4,138$2,444$1,401$786$397
43 years$6,517$3,943$2,293$1,293$713$353
44 years$6,297$3,758$2,152$1,194$648$314
45 years$6,088$3,584$2,021$1,103$588$280
46 years$5,888$3,419$1,898$1,019$534$249
47 years$5,698$3,263$1,783$941$485$222
48 years$5,515$3,115$1,676$870$440$197
49 years$5,341$2,974$1,575$804$400$176
50 years$5,175$2,841$1,481$743$363$156

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $5,300,000, adding $6,244 every year, while hoping to spend $44,310 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: 51/30/19 Blend
55$5,300,000$5,300,000$5,300,000$5,300,000
56$5,847,041$5,566,141$5,483,991$6,114,211
57$6,396,293$5,791,736$5,620,559$6,524,631
58$7,000,085$6,026,901$5,760,217$6,965,512
59$7,663,931$6,272,056$5,903,022$7,443,912
60$8,393,909$6,527,644$6,049,031$7,963,394
61$9,196,716$6,794,127$6,198,301$8,527,880
62$10,079,727$7,071,985$6,350,890$9,141,678
63$11,051,071$7,361,724$6,506,857$9,809,527
64$12,119,704$7,663,872$6,666,260$10,536,638
65$13,295,492$7,978,980$6,829,158$11,328,741
66$14,589,307$8,307,625$6,995,609$12,192,140
67$16,013,127$8,650,410$7,165,674$13,133,768
68$17,580,153$9,007,967$7,339,411$14,161,255
69$19,304,926$9,380,955$7,516,878$15,282,992
70$21,203,472$9,770,065$7,698,137$16,508,216
71$23,293,446$10,176,018$7,883,245$17,847,088
72$25,594,306$10,599,571$8,072,261$19,310,793
73$28,127,488$11,041,513$8,265,245$20,911,639
74$30,916,616$11,502,671$8,462,255$22,663,175
75$33,987,718$11,983,910$8,663,348$24,580,314
76$37,369,478$12,486,134$8,868,583$26,679,471
77$41,093,500$13,010,290$9,078,016$28,978,718
78$45,194,611$13,557,368$9,291,703$31,497,953
79$49,711,186$14,128,404$9,509,700$34,259,079
80$54,685,515$14,724,483$9,732,063$37,286,216
81$60,164,194$15,346,739$9,958,843$40,605,920
82$66,198,572$15,996,360$10,190,095$44,247,435
83$72,845,232$16,674,587$10,425,869$48,242,963
84$80,166,525$17,382,722$10,666,215$52,627,965
85$88,231,159$18,122,124$10,911,182$57,441,494
86$97,114,847$18,894,217$11,160,816$62,726,560
87$106,901,020$19,700,493$11,415,162$68,530,531
88$117,681,618$20,542,510$11,674,263$74,905,579
89$129,557,952$21,421,903$11,938,160$81,909,165
90$142,641,666$22,340,378$12,206,891$89,604,581
91$157,055,785$23,299,727$12,480,492$98,061,539
92$172,935,883$24,301,821$12,758,996$107,356,830
93$190,431,353$25,348,620$13,042,432$117,575,040
94$209,706,825$26,442,176$13,330,828$128,809,346
95$230,943,717$27,584,639$13,624,206$141,162,388
96$254,341,945$28,778,256$13,922,587$154,747,236
97$280,121,816$30,025,382$14,225,985$169,688,450
98$308,526,098$31,328,483$14,534,413$186,123,250
99$339,822,320$32,690,139$14,847,876$204,202,806
100$374,305,294$34,113,053$15,166,377$224,093,660