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%18.3%
1 years$437,669$433,771$429,967$426,254$422,629$408,447
2 years$216,668$212,633$208,722$204,930$201,252$187,104
3 years$143,010$138,958$135,057$131,301$127,683$114,012
4 years$106,189$102,149$98,287$94,595$91,064$77,976
5 years$84,102$80,086$76,275$72,658$69,226$56,755
6 years$69,382$65,396$61,641$58,105$54,776$42,933
7 years$58,872$54,920$51,224$47,771$44,547$33,330
8 years$50,993$47,076$43,442$40,074$36,956$26,356
9 years$44,868$40,988$37,417$34,134$31,123$21,127
10 years$39,971$36,129$32,621$29,424$26,518$17,110
11 years$35,967$32,164$28,719$25,608$22,806$13,969
12 years$32,632$28,868$25,487$22,461$19,764$11,476
13 years$29,813$26,089$22,771$19,830$17,234$9,476
14 years$27,399$23,714$20,460$17,603$15,107$7,856
15 years$25,308$21,663$18,473$15,699$13,302$6,535
16 years$23,481$19,875$16,748$14,057$11,756$5,450
17 years$21,870$18,304$15,240$12,630$10,424$4,556
18 years$20,440$16,914$13,912$11,382$9,268$3,815
19 years$19,162$15,676$12,736$10,285$8,261$3,199
20 years$18,013$14,567$11,688$9,315$7,379$2,687
21 years$16,975$13,568$10,751$8,454$6,603$2,259
22 years$16,032$12,666$9,909$7,686$5,919$1,900
23 years$15,173$11,846$9,149$7,000$5,313$1,600
24 years$14,387$11,099$8,461$6,384$4,776$1,348
25 years$13,664$10,416$7,837$5,831$4,297$1,136
26 years$12,998$9,789$7,268$5,331$3,871$958
27 years$12,383$9,213$6,749$4,880$3,490$808
28 years$11,813$8,681$6,274$4,471$3,149$682
29 years$11,282$8,190$5,839$4,100$2,843$576
30 years$10,789$7,734$5,439$3,763$2,569$486
31 years$10,327$7,311$5,070$3,456$2,323$411
32 years$9,896$6,918$4,731$3,176$2,101$347
33 years$9,492$6,551$4,417$2,921$1,902$293
34 years$9,112$6,209$4,127$2,687$1,722$247
35 years$8,754$5,889$3,858$2,474$1,559$209
36 years$8,418$5,590$3,610$2,278$1,413$177
37 years$8,100$5,309$3,378$2,099$1,281$149
38 years$7,800$5,046$3,164$1,935$1,161$126
39 years$7,515$4,798$2,964$1,784$1,053$107
40 years$7,246$4,565$2,778$1,645$955$90
41 years$6,990$4,345$2,605$1,518$866$76
42 years$6,748$4,138$2,444$1,401$786$64
43 years$6,517$3,943$2,293$1,293$713$54
44 years$6,297$3,758$2,152$1,194$648$46
45 years$6,088$3,584$2,021$1,103$588$39
46 years$5,888$3,419$1,898$1,019$534$33
47 years$5,698$3,263$1,783$941$485$28
48 years$5,515$3,115$1,676$870$440$23
49 years$5,341$2,974$1,575$804$400$20
50 years$5,175$2,841$1,481$743$363$17

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 $3,708 every year, while hoping to spend $27,484 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: 75/8/17 Blend
55$5,300,000$5,300,000$5,300,000$5,300,000
56$5,844,425$5,563,525$5,481,375$6,260,029
57$6,411,313$5,806,895$5,635,758$6,778,958
58$7,035,103$6,061,269$5,794,392$7,343,818
59$7,721,570$6,327,157$5,957,390$7,962,216
60$8,477,076$6,605,093$6,124,869$8,639,475
61$9,308,632$6,895,638$6,296,947$9,381,460
62$10,223,965$7,199,376$6,473,746$10,194,624
63$11,231,586$7,516,922$6,655,393$11,086,078
64$12,340,874$7,848,918$6,842,016$12,063,651
65$13,562,166$8,196,037$7,033,746$13,135,963
66$14,906,849$8,558,985$7,230,718$14,312,511
67$16,387,471$8,938,499$7,433,071$15,603,751
68$18,017,861$9,335,354$7,640,947$17,021,204
69$19,813,256$9,750,358$7,854,491$18,577,554
70$21,790,444$10,184,362$8,073,852$20,286,778
71$23,967,926$10,638,253$8,299,184$22,164,266
72$26,366,090$11,112,962$8,530,641$24,226,974
73$29,007,400$11,609,466$8,768,386$26,493,580
74$31,916,610$12,128,785$9,012,583$28,984,658
75$35,120,999$12,671,991$9,263,399$31,722,873
76$38,650,626$13,240,203$9,521,008$34,733,193
77$42,538,614$13,834,598$9,785,587$38,043,125
78$46,821,465$14,456,405$10,057,315$41,682,972
79$51,539,399$15,106,914$10,336,380$45,686,118
80$56,736,740$15,787,475$10,622,972$50,089,343
81$62,462,330$16,499,504$10,917,284$54,933,167
82$68,769,992$17,244,483$11,219,516$60,262,236
83$75,719,034$18,023,966$11,529,874$66,125,734
84$83,374,816$18,839,581$11,848,565$72,577,854
85$91,809,359$19,693,032$12,175,804$79,678,304
86$101,102,031$20,586,108$12,511,810$87,492,867
87$111,340,291$21,520,680$12,856,809$96,094,028
88$122,620,517$22,498,710$13,211,029$105,561,647
89$135,048,918$23,522,255$13,574,706$115,983,720
90$148,742,530$24,593,468$13,948,081$127,457,201
91$163,830,328$25,714,608$14,331,401$140,088,920
92$180,454,437$26,888,039$14,724,919$153,996,587
93$198,771,477$28,116,240$15,128,891$169,309,902
94$218,954,042$29,401,810$15,543,584$186,171,779
95$241,192,327$30,747,472$15,969,266$204,739,689
96$265,695,923$32,156,077$16,406,216$225,187,150
97$292,695,799$33,630,616$16,854,715$247,705,355
98$322,446,477$35,174,223$17,315,055$272,504,984
99$355,228,439$36,790,181$17,787,531$299,818,181
100$391,350,773$38,481,933$18,272,446$329,900,751