Can I retire at age 56 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$503,732$499,245$494,868$490,595$486,423$470,852
2 years$249,372$244,728$240,227$235,863$231,630$216,086
3 years$164,597$159,933$155,443$151,120$146,955$131,927
4 years$122,217$117,567$113,123$108,873$104,810$90,411
5 years$96,796$92,174$87,788$83,625$79,675$65,945
6 years$79,855$75,267$70,946$66,876$63,044$49,994
7 years$67,758$63,209$58,956$54,982$51,272$38,900
8 years$58,690$54,182$49,999$46,123$42,535$30,834
9 years$51,640$47,175$43,064$39,287$35,820$24,776
10 years$46,004$41,583$37,545$33,866$30,521$20,117
11 years$41,396$37,019$33,054$29,473$26,249$16,466
12 years$37,558$33,226$29,334$25,852$22,747$13,564
13 years$34,313$30,026$26,208$22,823$19,836$11,230
14 years$31,535$27,293$23,548$20,260$17,388$9,336
15 years$29,129$24,933$21,261$18,068$15,310$7,788
16 years$27,025$22,875$19,276$16,178$13,531$6,514
17 years$25,171$21,067$17,540$14,536$11,997$5,461
18 years$23,525$19,467$16,012$13,100$10,667$4,587
19 years$22,054$18,042$14,658$11,837$9,508$3,858
20 years$20,732$16,766$13,453$10,721$8,493$3,250
21 years$19,537$15,616$12,374$9,730$7,600$2,741
22 years$18,452$14,577$11,405$8,846$6,812$2,313
23 years$17,463$13,634$10,530$8,057$6,115$1,954
24 years$16,558$12,774$9,739$7,348$5,496$1,651
25 years$15,727$11,988$9,020$6,711$4,946$1,396
26 years$14,960$11,267$8,365$6,136$4,455$1,181
27 years$14,252$10,603$7,768$5,616$4,017$1,000
28 years$13,596$9,991$7,221$5,146$3,624$847
29 years$12,985$9,426$6,720$4,719$3,273$717
30 years$12,417$8,902$6,260$4,331$2,957$607
31 years$11,886$8,415$5,836$3,977$2,673$515
32 years$11,390$7,962$5,445$3,655$2,418$436
33 years$10,924$7,540$5,084$3,361$2,189$370
34 years$10,487$7,147$4,750$3,093$1,982$313
35 years$10,076$6,778$4,441$2,847$1,795$266
36 years$9,688$6,434$4,154$2,622$1,626$225
37 years$9,322$6,111$3,888$2,416$1,474$191
38 years$8,977$5,807$3,641$2,227$1,336$162
39 years$8,650$5,522$3,412$2,053$1,212$137
40 years$8,340$5,254$3,198$1,894$1,099$116
41 years$8,046$5,001$2,998$1,747$997$99
42 years$7,766$4,763$2,813$1,613$905$84
43 years$7,501$4,538$2,639$1,489$821$71
44 years$7,248$4,326$2,477$1,374$745$60
45 years$7,007$4,125$2,326$1,269$677$51
46 years$6,777$3,935$2,185$1,172$614$43
47 years$6,558$3,755$2,053$1,083$558$37
48 years$6,348$3,585$1,929$1,001$507$31
49 years$6,148$3,423$1,813$925$460$26
50 years$5,956$3,270$1,704$855$418$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $6,100,000, adding $4,091 every year, while hoping to spend $52,602 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: 42/29/29 Blend
55$6,100,000$6,100,000$6,100,000$6,100,000
56$6,726,420$6,403,120$6,308,570$6,951,641
57$7,356,547$6,660,905$6,463,939$7,372,294
58$8,049,183$6,929,558$6,622,750$7,822,317
59$8,810,650$7,209,557$6,785,062$8,308,701
60$9,647,911$7,501,399$6,950,936$8,834,841
61$10,568,638$7,805,608$7,120,432$9,404,463
62$11,581,283$8,122,726$7,293,611$10,021,663
63$12,695,158$8,453,325$7,470,532$10,690,944
64$13,920,526$8,797,999$7,651,256$11,417,254
65$15,268,691$9,157,372$7,835,844$12,206,034
66$16,752,109$9,532,095$8,024,356$13,063,264
67$18,384,505$9,922,849$8,216,853$13,995,524
68$20,181,001$10,330,345$8,413,395$15,010,045
69$22,158,260$10,755,329$8,614,040$16,114,787
70$24,334,642$11,198,579$8,818,850$17,318,500
71$26,730,376$11,660,910$9,027,882$18,630,813
72$29,367,754$12,143,174$9,241,195$20,062,321
73$32,271,337$12,646,262$9,458,847$21,624,681
74$35,468,189$13,171,105$9,680,895$23,330,719
75$38,988,134$13,718,678$9,907,394$25,194,552
76$42,864,031$14,290,001$10,138,400$27,231,716
77$47,132,093$14,886,141$10,373,966$29,459,312
78$51,832,218$15,508,214$10,614,146$31,896,164
79$57,008,375$16,157,387$10,858,990$34,562,990
80$62,709,011$16,834,881$11,108,549$37,482,603
81$68,987,515$17,541,975$11,362,870$40,680,114
82$75,902,715$18,280,005$11,621,999$44,183,174
83$83,519,437$19,050,371$11,885,982$48,022,226
84$91,909,116$19,854,535$12,154,859$52,230,790
85$101,150,470$20,694,031$12,428,670$56,845,778
86$111,330,240$21,570,461$12,707,452$61,907,838
87$122,544,013$22,485,502$12,991,241$67,461,730
88$134,897,120$23,440,910$13,280,065$73,556,750
89$148,505,634$24,438,522$13,573,955$80,247,189
90$163,497,459$25,480,260$13,872,933$87,592,839
91$180,013,545$26,568,138$14,177,021$95,659,554
92$198,209,211$27,704,261$14,486,236$104,519,870
93$218,255,614$28,890,834$14,800,589$114,253,680
94$240,341,367$30,130,164$15,120,088$124,948,985
95$264,674,312$31,424,668$15,444,737$136,702,719
96$291,483,488$32,776,873$15,774,532$149,621,659
97$321,021,291$34,189,427$16,109,466$163,823,428
98$353,565,854$35,665,100$16,449,524$179,437,596
99$389,423,675$37,206,794$16,794,687$196,606,899
100$428,932,507$38,817,545$17,144,927$215,488,579