Can I retire at age 56 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$470,701$466,508$462,417$458,425$454,526$445,531
2 years$233,020$228,680$224,474$220,396$216,441$207,417
3 years$153,804$149,445$145,250$141,210$137,319$128,547
4 years$114,203$109,858$105,705$101,734$97,937$89,485
5 years$90,449$86,130$82,031$78,141$74,450$66,341
6 years$74,618$70,332$66,293$62,490$58,910$51,154
7 years$63,315$59,064$55,090$51,377$47,910$40,508
8 years$54,841$50,629$46,721$43,099$39,746$32,696
9 years$48,254$44,082$40,241$36,711$33,472$26,770
10 years$42,987$38,856$35,083$31,645$28,519$22,159
11 years$38,681$34,591$30,886$27,540$24,528$18,500
12 years$35,095$31,047$27,411$24,157$21,255$15,553
13 years$32,063$28,058$24,490$21,327$18,535$13,148
14 years$29,467$25,504$22,004$18,931$16,248$11,166
15 years$27,218$23,298$19,867$16,884$14,306$9,519
16 years$25,253$21,375$18,012$15,117$12,643$8,140
17 years$23,521$19,686$16,390$13,583$11,210$6,979
18 years$21,983$18,191$14,962$12,241$9,968$5,998
19 years$20,608$16,859$13,697$11,061$8,885$5,164
20 years$19,372$15,666$12,571$10,018$7,936$4,453
21 years$18,256$14,592$11,563$9,092$7,102$3,846
22 years$17,242$13,621$10,657$8,266$6,366$3,325
23 years$16,318$12,740$9,840$7,528$5,714$2,878
24 years$15,472$11,936$9,100$6,866$5,136$2,493
25 years$14,695$11,202$8,428$6,271$4,622$2,161
26 years$13,979$10,528$7,817$5,734$4,163$1,874
27 years$13,318$9,908$7,259$5,248$3,753$1,627
28 years$12,704$9,336$6,748$4,808$3,387$1,412
29 years$12,134$8,808$6,279$4,409$3,058$1,227
30 years$11,603$8,318$5,849$4,047$2,763$1,066
31 years$11,107$7,863$5,453$3,717$2,498$927
32 years$10,643$7,440$5,088$3,416$2,260$806
33 years$10,208$7,046$4,750$3,141$2,045$701
34 years$9,799$6,678$4,438$2,890$1,852$610
35 years$9,415$6,334$4,150$2,660$1,677$530
36 years$9,053$6,012$3,882$2,450$1,520$462
37 years$8,711$5,710$3,633$2,257$1,377$402
38 years$8,388$5,426$3,403$2,081$1,249$350
39 years$8,082$5,160$3,188$1,919$1,132$304
40 years$7,793$4,909$2,988$1,770$1,027$265
41 years$7,518$4,673$2,802$1,633$932$231
42 years$7,257$4,451$2,628$1,507$845$201
43 years$7,009$4,241$2,466$1,391$767$175
44 years$6,772$4,042$2,315$1,284$696$152
45 years$6,547$3,855$2,174$1,186$632$133
46 years$6,333$3,677$2,042$1,096$574$115
47 years$6,128$3,509$1,918$1,012$521$101
48 years$5,932$3,350$1,802$935$473$88
49 years$5,744$3,199$1,694$864$430$76
50 years$5,565$3,056$1,593$799$391$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $5,700,000, adding $2,646 every year, while hoping to spend $41,361 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: 21/49/30 Blend
55$5,700,000$5,700,000$5,700,000$5,700,000
56$6,284,129$5,982,029$5,893,679$6,356,280
57$6,881,103$6,231,141$6,047,110$6,672,642
58$7,537,581$6,491,073$6,204,294$7,006,983
59$8,259,591$6,762,312$6,365,314$7,363,494
60$9,053,770$7,045,366$6,530,253$7,743,997
61$9,927,434$7,340,769$6,699,196$8,150,485
62$10,888,643$7,649,077$6,872,230$8,585,137
63$11,946,276$7,970,873$7,049,441$9,050,336
64$13,110,118$8,306,767$7,230,919$9,548,685
65$14,390,949$8,657,398$7,416,754$10,083,037
66$15,800,649$9,023,434$7,607,038$10,656,511
67$17,352,305$9,405,572$7,801,864$11,272,526
68$19,060,340$9,804,545$8,001,327$11,934,824
69$20,940,645$10,221,118$8,205,521$12,647,505
70$23,010,730$10,656,092$8,414,545$13,415,064
71$25,289,889$11,110,304$8,628,496$14,242,428
72$27,799,381$11,584,634$8,847,475$15,134,998
73$30,562,635$12,079,997$9,071,583$16,098,699
74$33,605,464$12,597,357$9,300,920$17,140,031
75$36,956,312$13,137,719$9,535,593$18,266,126
76$40,646,525$13,702,136$9,775,704$19,484,812
77$44,710,640$14,291,710$10,021,359$20,804,681
78$49,186,718$14,907,596$10,272,667$22,235,167
79$54,116,696$15,551,001$10,529,734$23,786,631
80$59,546,790$16,223,191$10,792,671$25,470,451
81$65,527,924$16,925,489$11,061,587$27,299,127
82$72,116,215$17,659,282$11,336,594$29,286,394
83$79,373,503$18,426,020$11,617,803$31,447,343
84$87,367,929$19,227,223$11,905,328$33,798,559
85$96,174,583$20,064,483$12,199,283$36,358,273
86$105,876,213$20,939,465$12,499,781$39,146,527
87$116,564,002$21,853,914$12,806,939$42,185,354
88$128,338,430$22,809,656$13,120,871$45,498,982
89$141,310,224$23,808,603$13,441,694$49,114,056
90$155,601,401$24,852,759$13,769,526$53,059,879
91$171,346,421$25,944,221$14,104,481$57,368,681
92$188,693,454$27,085,185$14,446,679$62,075,917
93$207,805,779$28,277,952$14,796,236$67,220,593
94$228,863,327$29,524,931$15,153,269$72,845,624
95$252,064,379$30,828,645$15,517,895$78,998,228
96$277,627,433$32,191,736$15,890,232$85,730,365
97$305,793,271$33,616,971$16,270,395$93,099,216
98$336,827,233$35,107,250$16,658,501$101,167,712
99$371,021,714$36,665,609$17,054,665$110,005,116
100$408,698,933$38,295,228$17,459,000$119,687,665