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%16.5%
1 years$437,669$433,771$429,967$426,254$422,629$411,411
2 years$216,668$212,633$208,722$204,930$201,252$190,028
3 years$143,010$138,958$135,057$131,301$127,683$116,804
4 years$106,189$102,149$98,287$94,595$91,064$80,615
5 years$84,102$80,086$76,275$72,658$69,226$59,235
6 years$69,382$65,396$61,641$58,105$54,776$45,253
7 years$58,872$54,920$51,224$47,771$44,547$35,492
8 years$50,993$47,076$43,442$40,074$36,956$28,365
9 years$44,868$40,988$37,417$34,134$31,123$22,987
10 years$39,971$36,129$32,621$29,424$26,518$18,829
11 years$35,967$32,164$28,719$25,608$22,806$15,551
12 years$32,632$28,868$25,487$22,461$19,764$12,929
13 years$29,813$26,089$22,771$19,830$17,234$10,806
14 years$27,399$23,714$20,460$17,603$15,107$9,071
15 years$25,308$21,663$18,473$15,699$13,302$7,642
16 years$23,481$19,875$16,748$14,057$11,756$6,457
17 years$21,870$18,304$15,240$12,630$10,424$5,468
18 years$20,440$16,914$13,912$11,382$9,268$4,641
19 years$19,162$15,676$12,736$10,285$8,261$3,946
20 years$18,013$14,567$11,688$9,315$7,379$3,359
21 years$16,975$13,568$10,751$8,454$6,603$2,863
22 years$16,032$12,666$9,909$7,686$5,919$2,443
23 years$15,173$11,846$9,149$7,000$5,313$2,086
24 years$14,387$11,099$8,461$6,384$4,776$1,783
25 years$13,664$10,416$7,837$5,831$4,297$1,525
26 years$12,998$9,789$7,268$5,331$3,871$1,305
27 years$12,383$9,213$6,749$4,880$3,490$1,117
28 years$11,813$8,681$6,274$4,471$3,149$957
29 years$11,282$8,190$5,839$4,100$2,843$819
30 years$10,789$7,734$5,439$3,763$2,569$702
31 years$10,327$7,311$5,070$3,456$2,323$602
32 years$9,896$6,918$4,731$3,176$2,101$516
33 years$9,492$6,551$4,417$2,921$1,902$442
34 years$9,112$6,209$4,127$2,687$1,722$379
35 years$8,754$5,889$3,858$2,474$1,559$325
36 years$8,418$5,590$3,610$2,278$1,413$279
37 years$8,100$5,309$3,378$2,099$1,281$239
38 years$7,800$5,046$3,164$1,935$1,161$205
39 years$7,515$4,798$2,964$1,784$1,053$176
40 years$7,246$4,565$2,778$1,645$955$151
41 years$6,990$4,345$2,605$1,518$866$130
42 years$6,748$4,138$2,444$1,401$786$111
43 years$6,517$3,943$2,293$1,293$713$96
44 years$6,297$3,758$2,152$1,194$648$82
45 years$6,088$3,584$2,021$1,103$588$70
46 years$5,888$3,419$1,898$1,019$534$60
47 years$5,698$3,263$1,783$941$485$52
48 years$5,515$3,115$1,676$870$440$45
49 years$5,341$2,974$1,575$804$400$38
50 years$5,175$2,841$1,481$743$363$33

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 $5,818 every year, while hoping to spend $41,484 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: 57/31/12 Blend
55$5,300,000$5,300,000$5,300,000$5,300,000
56$5,846,601$5,565,701$5,483,551$6,162,000
57$6,398,816$5,794,282$5,623,112$6,604,387
58$7,005,966$6,032,673$5,765,957$7,081,108
59$7,673,612$6,281,311$5,912,153$7,599,580
60$8,407,877$6,540,652$6,061,768$8,163,806
61$9,215,512$6,811,176$6,214,869$8,778,191
62$10,103,952$7,093,381$6,371,524$9,447,576
63$11,081,389$7,387,790$6,531,804$10,177,286
64$12,156,850$7,694,951$6,695,779$10,973,178
65$13,340,281$8,015,436$6,863,519$11,841,693
66$14,642,639$8,349,842$7,035,097$12,789,918
67$16,076,000$8,698,796$7,210,584$13,825,652
68$17,653,668$9,062,953$7,390,055$14,957,473
69$19,390,302$9,442,998$7,573,582$16,194,822
70$21,302,056$9,839,648$7,761,240$17,548,087
71$23,406,728$10,253,652$7,953,103$19,028,702
72$25,723,930$10,685,797$8,149,248$20,649,250
73$28,275,273$11,136,903$8,349,750$22,423,583
74$31,084,569$11,607,830$8,554,685$24,366,947
75$34,178,057$12,099,476$8,764,129$26,496,127
76$37,584,652$12,612,783$8,978,160$28,829,600
77$41,336,213$13,148,736$9,196,855$31,387,708
78$45,467,847$13,708,365$9,420,291$34,192,849
79$50,018,242$14,292,749$9,648,545$37,269,685
80$55,030,026$14,903,017$9,881,694$40,645,368
81$60,550,175$15,540,351$10,119,817$44,349,800
82$66,630,452$16,205,987$10,362,991$48,415,909
83$73,327,898$16,901,221$10,611,291$52,879,953
84$80,705,370$17,627,407$10,864,796$57,781,868
85$88,832,132$18,385,964$11,123,580$63,165,630
86$97,784,510$19,178,377$11,387,721$69,079,677
87$107,646,614$20,006,201$11,657,293$75,577,354
88$118,511,126$20,871,062$11,932,370$82,717,421
89$130,480,182$21,774,666$12,213,025$90,564,595
90$143,666,330$22,718,794$12,499,332$99,190,162
91$158,193,597$23,705,316$12,791,360$108,672,643
92$174,198,654$24,736,187$13,089,181$119,098,532
93$191,832,110$25,813,453$13,392,862$130,563,109
94$211,259,932$26,939,259$13,702,470$143,171,328
95$232,665,012$28,115,850$14,018,069$157,038,809
96$256,248,892$29,345,575$14,339,723$172,292,923
97$282,233,667$30,630,896$14,667,492$189,073,984
98$310,864,082$31,974,391$15,001,434$207,536,571
99$342,409,840$33,378,758$15,341,604$227,850,981
100$377,168,151$34,846,825$15,688,055$250,204,830