Can I retire at age 56 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$445,927$441,955$438,080$434,297$430,604$414,831
2 years$220,756$216,645$212,660$208,797$205,049$189,334
3 years$145,709$141,580$137,605$133,778$130,092$114,928
4 years$108,192$104,076$100,141$96,380$92,783$78,286
5 years$85,689$81,597$77,714$74,029$70,532$56,741
6 years$70,691$66,630$62,804$59,201$55,809$42,734
7 years$59,983$55,956$52,191$48,673$45,388$33,024
8 years$51,955$47,964$44,262$40,830$37,654$25,991
9 years$45,714$41,762$38,123$34,778$31,710$20,732
10 years$40,725$36,811$33,236$29,979$27,018$16,706
11 years$36,645$32,771$29,261$26,091$23,237$13,568
12 years$33,248$29,413$25,968$22,885$20,136$11,088
13 years$30,376$26,581$23,201$20,204$17,559$9,105
14 years$27,916$24,161$20,846$17,935$15,392$7,507
15 years$25,786$22,072$18,821$15,995$13,553$6,209
16 years$23,924$20,250$17,064$14,322$11,978$5,148
17 years$22,283$18,650$15,528$12,868$10,620$4,278
18 years$20,826$17,233$14,175$11,597$9,443$3,561
19 years$19,523$15,972$12,976$10,479$8,417$2,969
20 years$18,353$14,842$11,909$9,490$7,518$2,478
21 years$17,295$13,824$10,954$8,613$6,728$2,070
22 years$16,335$12,905$10,096$7,831$6,031$1,731
23 years$15,459$12,069$9,322$7,132$5,413$1,448
24 years$14,658$11,308$8,621$6,505$4,866$1,212
25 years$13,922$10,612$7,985$5,941$4,378$1,015
26 years$13,244$9,974$7,405$5,432$3,944$851
27 years$12,617$9,386$6,877$4,972$3,556$713
28 years$12,035$8,845$6,393$4,555$3,208$598
29 years$11,495$8,344$5,949$4,177$2,897$501
30 years$10,992$7,880$5,541$3,834$2,618$421
31 years$10,522$7,449$5,166$3,521$2,367$353
32 years$10,083$7,049$4,820$3,236$2,141$296
33 years$9,671$6,675$4,500$2,976$1,937$248
34 years$9,284$6,326$4,205$2,738$1,754$208
35 years$8,920$6,001$3,931$2,520$1,589$175
36 years$8,576$5,695$3,678$2,321$1,440$147
37 years$8,253$5,409$3,442$2,139$1,305$123
38 years$7,947$5,141$3,223$1,971$1,183$103
39 years$7,657$4,888$3,020$1,818$1,073$87
40 years$7,383$4,651$2,831$1,676$973$73
41 years$7,122$4,427$2,654$1,547$883$61
42 years$6,875$4,216$2,490$1,427$801$51
43 years$6,640$4,017$2,336$1,318$727$43
44 years$6,416$3,829$2,193$1,217$660$36
45 years$6,203$3,652$2,059$1,124$599$30
46 years$5,999$3,484$1,934$1,038$544$26
47 years$5,805$3,324$1,817$959$494$21
48 years$5,619$3,174$1,707$886$448$18
49 years$5,442$3,031$1,605$819$407$15
50 years$5,272$2,895$1,509$757$370$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $5,400,000, adding $5,909 every year, while hoping to spend $46,081 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: 44/43/13 Blend
55$5,400,000$5,400,000$5,400,000$5,400,000
56$5,956,895$5,670,695$5,586,995$6,196,472
57$6,515,469$5,899,529$5,725,130$6,592,968
58$7,129,472$6,138,032$5,866,347$7,017,349
59$7,804,511$6,386,628$6,010,702$7,476,303
60$8,546,760$6,645,762$6,158,250$7,973,032
61$9,363,024$6,915,899$6,309,046$8,511,052
62$10,260,799$7,197,524$6,463,145$9,094,224
63$11,248,343$7,491,145$6,620,603$9,726,790
64$12,334,756$7,797,293$6,781,475$10,413,409
65$13,530,064$8,116,524$6,945,818$11,159,201
66$14,845,314$8,449,417$7,113,686$11,969,791
67$16,292,678$8,796,581$7,285,137$12,851,363
68$17,885,568$9,158,650$7,460,225$13,810,713
69$19,638,759$9,536,287$7,639,006$14,855,315
70$21,568,536$9,930,188$7,821,536$15,993,383
71$23,692,838$10,341,079$8,007,869$17,233,952
72$26,031,435$10,769,719$8,198,060$18,586,958
73$28,606,109$11,216,903$8,392,163$20,063,330
74$31,440,864$11,683,463$8,590,232$21,675,086
75$34,562,146$12,170,267$8,792,319$23,435,452
76$37,999,101$12,678,226$8,998,478$25,358,976
77$41,783,840$13,208,290$9,208,758$27,461,664
78$45,951,752$13,761,456$9,423,211$29,761,133
79$50,541,828$14,338,765$9,641,886$32,276,764
80$55,597,036$14,941,306$9,864,831$35,029,890
81$61,164,724$15,570,220$10,092,093$38,043,990
82$67,297,065$16,226,700$10,323,717$41,344,906
83$74,051,550$16,911,994$10,559,747$44,961,084
84$81,491,535$17,627,407$10,800,224$48,923,838
85$89,686,829$18,374,308$11,045,190$53,267,640
86$98,714,363$19,154,127$11,294,681$58,030,443
87$108,658,910$19,968,360$11,548,734$63,254,031
88$119,613,883$20,818,575$11,807,382$68,984,411
89$131,682,225$21,706,411$12,070,655$75,272,240
90$144,977,371$22,633,584$12,338,581$82,173,301
91$159,624,324$23,601,891$12,611,184$89,749,017
92$175,760,833$24,613,211$12,888,487$98,067,033
93$193,538,692$25,669,513$13,170,506$107,201,840
94$213,125,177$26,772,857$13,457,256$117,235,478
95$234,704,617$27,925,400$13,748,746$128,258,299
96$258,480,142$29,129,398$14,044,982$140,369,817
97$284,675,593$30,387,215$14,345,966$153,679,633
98$313,537,640$31,701,325$14,651,692$168,308,469
99$345,338,108$33,074,318$14,962,153$184,389,295
100$380,376,541$34,508,907$15,277,331$202,068,576