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%11.2%
1 years$470,701$466,508$462,417$458,425$454,526$452,230
2 years$233,020$228,680$224,474$220,396$216,441$214,124
3 years$153,804$149,445$145,250$141,210$137,319$135,053
4 years$114,203$109,858$105,705$101,734$97,937$95,739
5 years$90,449$86,130$82,031$78,141$74,450$72,327
6 years$74,618$70,332$66,293$62,490$58,910$56,863
7 years$63,315$59,064$55,090$51,377$47,910$45,941
8 years$54,841$50,629$46,721$43,099$39,746$37,856
9 years$48,254$44,082$40,241$36,711$33,472$31,660
10 years$42,987$38,856$35,083$31,645$28,519$26,785
11 years$38,681$34,591$30,886$27,540$24,528$22,869
12 years$35,095$31,047$27,411$24,157$21,255$19,671
13 years$32,063$28,058$24,490$21,327$18,535$17,024
14 years$29,467$25,504$22,004$18,931$16,248$14,808
15 years$27,218$23,298$19,867$16,884$14,306$12,936
16 years$25,253$21,375$18,012$15,117$12,643$11,341
17 years$23,521$19,686$16,390$13,583$11,210$9,974
18 years$21,983$18,191$14,962$12,241$9,968$8,795
19 years$20,608$16,859$13,697$11,061$8,885$7,773
20 years$19,372$15,666$12,571$10,018$7,936$6,884
21 years$18,256$14,592$11,563$9,092$7,102$6,107
22 years$17,242$13,621$10,657$8,266$6,366$5,426
23 years$16,318$12,740$9,840$7,528$5,714$4,827
24 years$15,472$11,936$9,100$6,866$5,136$4,300
25 years$14,695$11,202$8,428$6,271$4,622$3,834
26 years$13,979$10,528$7,817$5,734$4,163$3,422
27 years$13,318$9,908$7,259$5,248$3,753$3,056
28 years$12,704$9,336$6,748$4,808$3,387$2,732
29 years$12,134$8,808$6,279$4,409$3,058$2,443
30 years$11,603$8,318$5,849$4,047$2,763$2,187
31 years$11,107$7,863$5,453$3,717$2,498$1,958
32 years$10,643$7,440$5,088$3,416$2,260$1,754
33 years$10,208$7,046$4,750$3,141$2,045$1,572
34 years$9,799$6,678$4,438$2,890$1,852$1,409
35 years$9,415$6,334$4,150$2,660$1,677$1,264
36 years$9,053$6,012$3,882$2,450$1,520$1,133
37 years$8,711$5,710$3,633$2,257$1,377$1,017
38 years$8,388$5,426$3,403$2,081$1,249$913
39 years$8,082$5,160$3,188$1,919$1,132$819
40 years$7,793$4,909$2,988$1,770$1,027$736
41 years$7,518$4,673$2,802$1,633$932$661
42 years$7,257$4,451$2,628$1,507$845$593
43 years$7,009$4,241$2,466$1,391$767$533
44 years$6,772$4,042$2,315$1,284$696$479
45 years$6,547$3,855$2,174$1,186$632$430
46 years$6,333$3,677$2,042$1,096$574$386
47 years$6,128$3,509$1,918$1,012$521$347
48 years$5,932$3,350$1,802$935$473$312
49 years$5,744$3,199$1,694$864$430$280
50 years$5,565$3,056$1,593$799$391$252

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 $6,686 every year, while hoping to spend $49,538 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: 59/25/16 Blend
55$5,700,000$5,700,000$5,700,000$5,700,000
56$6,288,297$5,986,197$5,897,847$6,633,136
57$6,876,995$6,226,812$6,042,716$7,107,590
58$7,524,080$6,477,558$6,190,779$7,618,682
59$8,235,455$6,738,877$6,342,089$8,174,889
60$9,017,624$7,011,234$6,496,702$8,780,570
61$9,877,752$7,295,115$6,654,672$9,440,519
62$10,823,733$7,591,027$6,816,054$10,160,012
63$11,864,266$7,899,499$6,980,903$10,944,853
64$13,008,933$8,221,086$7,149,276$11,801,427
65$14,268,294$8,556,369$7,321,226$12,736,759
66$15,653,981$8,905,952$7,496,808$13,758,584
67$17,178,813$9,270,470$7,676,077$14,875,409
68$18,856,915$9,650,586$7,859,088$16,096,601
69$20,703,847$10,046,991$8,045,895$17,432,469
70$22,736,758$10,460,412$8,236,551$18,894,360
71$24,974,540$10,891,606$8,431,108$20,494,768
72$27,438,014$11,341,365$8,629,621$22,247,444
73$30,150,118$11,810,518$8,832,140$24,167,529
74$33,136,129$12,299,933$9,038,716$26,271,695
75$36,423,901$12,810,516$9,249,400$28,578,296
76$40,044,124$13,343,217$9,464,239$31,107,545
77$44,030,617$13,899,026$9,683,283$33,881,698
78$48,420,644$14,478,983$9,906,578$36,925,264
79$53,255,270$15,084,174$10,134,169$40,265,234
80$58,579,743$15,715,733$10,366,099$43,931,334
81$64,443,924$16,374,852$10,602,410$47,956,301
82$70,902,756$17,062,771$10,843,143$52,376,191
83$78,016,785$17,780,794$11,088,335$57,230,717
84$85,852,725$18,530,281$11,338,023$62,563,619
85$94,484,095$19,312,658$11,592,239$68,423,077
86$103,991,909$20,129,414$11,851,015$74,862,161
87$114,465,438$20,982,110$12,114,379$81,939,327
88$126,003,058$21,872,378$12,382,355$89,718,969
89$138,713,172$22,801,927$12,654,967$98,272,023
90$152,715,239$23,772,544$12,932,231$107,676,628
91$168,140,896$24,786,102$13,214,164$118,018,867
92$185,135,205$25,844,558$13,500,775$129,393,571
93$203,858,016$26,949,962$13,792,072$141,905,212
94$224,485,484$28,104,461$14,088,057$155,668,885
95$247,211,723$29,310,299$14,388,726$170,811,388
96$272,250,643$30,569,828$14,694,073$187,472,416
97$299,837,968$31,885,508$15,004,083$205,805,876
98$330,233,459$33,259,916$15,318,738$225,981,333
99$363,723,368$34,695,749$15,638,013$248,185,605
100$400,623,141$36,195,830$15,961,875$272,624,525