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%18.9%
1 years$503,732$499,245$494,868$490,595$486,423$468,977
2 years$249,372$244,728$240,227$235,863$231,630$214,243
3 years$164,597$159,933$155,443$151,120$146,955$130,173
4 years$122,217$117,567$113,123$108,873$104,810$88,760
5 years$96,796$92,174$87,788$83,625$79,675$64,400
6 years$79,855$75,267$70,946$66,876$63,044$48,555
7 years$67,758$63,209$58,956$54,982$51,272$37,566
8 years$58,690$54,182$49,999$46,123$42,535$29,601
9 years$51,640$47,175$43,064$39,287$35,820$23,640
10 years$46,004$41,583$37,545$33,866$30,521$19,074
11 years$41,396$37,019$33,054$29,473$26,249$15,511
12 years$37,558$33,226$29,334$25,852$22,747$12,693
13 years$34,313$30,026$26,208$22,823$19,836$10,438
14 years$31,535$27,293$23,548$20,260$17,388$8,617
15 years$29,129$24,933$21,261$18,068$15,310$7,137
16 years$27,025$22,875$19,276$16,178$13,531$5,927
17 years$25,171$21,067$17,540$14,536$11,997$4,932
18 years$23,525$19,467$16,012$13,100$10,667$4,112
19 years$22,054$18,042$14,658$11,837$9,508$3,433
20 years$20,732$16,766$13,453$10,721$8,493$2,870
21 years$19,537$15,616$12,374$9,730$7,600$2,401
22 years$18,452$14,577$11,405$8,846$6,812$2,011
23 years$17,463$13,634$10,530$8,057$6,115$1,685
24 years$16,558$12,774$9,739$7,348$5,496$1,413
25 years$15,727$11,988$9,020$6,711$4,946$1,185
26 years$14,960$11,267$8,365$6,136$4,455$995
27 years$14,252$10,603$7,768$5,616$4,017$835
28 years$13,596$9,991$7,221$5,146$3,624$701
29 years$12,985$9,426$6,720$4,719$3,273$589
30 years$12,417$8,902$6,260$4,331$2,957$495
31 years$11,886$8,415$5,836$3,977$2,673$416
32 years$11,390$7,962$5,445$3,655$2,418$350
33 years$10,924$7,540$5,084$3,361$2,189$294
34 years$10,487$7,147$4,750$3,093$1,982$247
35 years$10,076$6,778$4,441$2,847$1,795$208
36 years$9,688$6,434$4,154$2,622$1,626$175
37 years$9,322$6,111$3,888$2,416$1,474$147
38 years$8,977$5,807$3,641$2,227$1,336$123
39 years$8,650$5,522$3,412$2,053$1,212$104
40 years$8,340$5,254$3,198$1,894$1,099$87
41 years$8,046$5,001$2,998$1,747$997$73
42 years$7,766$4,763$2,813$1,613$905$62
43 years$7,501$4,538$2,639$1,489$821$52
44 years$7,248$4,326$2,477$1,374$745$44
45 years$7,007$4,125$2,326$1,269$677$37
46 years$6,777$3,935$2,185$1,172$614$31
47 years$6,558$3,755$2,053$1,083$558$26
48 years$6,348$3,585$1,929$1,001$507$22
49 years$6,148$3,423$1,813$925$460$18
50 years$5,956$3,270$1,704$855$418$15

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 $3,938 every year, while hoping to spend $58,204 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: 65/26/9 Blend
55$6,100,000$6,100,000$6,100,000$6,100,000
56$6,726,262$6,402,962$6,308,412$7,150,809
57$7,350,412$6,654,779$6,457,815$7,685,880
58$8,036,275$6,916,983$6,610,273$8,263,018
59$8,790,083$7,190,024$6,765,825$8,892,074
60$9,618,705$7,474,368$6,924,513$9,578,098
61$10,529,704$7,770,504$7,086,376$10,326,647
62$11,531,418$8,078,942$7,251,453$11,143,833
63$12,633,028$8,400,216$7,419,783$12,036,385
64$13,844,653$8,734,882$7,591,401$13,011,704
65$15,177,439$9,083,523$7,766,345$14,077,939
66$16,643,670$9,446,748$7,944,650$15,244,056
67$18,256,877$9,825,192$8,126,349$16,519,926
68$20,031,972$10,219,519$8,311,474$17,916,413
69$21,985,382$10,630,425$8,500,058$19,445,477
70$24,135,210$11,058,635$8,692,129$21,120,286
71$26,501,401$11,504,907$8,887,714$22,955,337
72$29,105,932$11,970,036$9,086,841$24,966,591
73$31,973,019$12,454,849$9,289,532$27,171,621
74$35,129,344$12,960,214$9,495,809$29,589,780
75$38,604,310$13,487,037$9,705,691$32,242,377
76$42,430,313$14,036,265$9,919,195$35,152,878
77$46,643,052$14,608,889$10,136,335$38,347,126
78$51,281,862$15,205,944$10,357,121$41,853,581
79$56,390,090$15,828,514$10,581,563$45,703,588
80$62,015,498$16,477,729$10,809,664$49,931,668
81$68,210,716$17,154,775$11,041,425$54,575,844
82$75,033,740$17,860,890$11,276,844$59,677,997
83$82,548,477$18,597,369$11,515,913$65,284,254
84$90,825,347$19,365,566$11,758,622$71,445,429
85$99,941,952$20,166,898$12,004,955$78,217,491
86$109,983,802$21,002,847$12,254,892$85,662,093
87$121,045,125$21,874,962$12,508,406$93,847,154
88$133,229,756$22,784,864$12,765,466$102,847,488
89$146,652,118$23,734,249$13,026,036$112,745,517
90$161,438,298$24,724,891$13,290,072$123,632,037
91$177,727,240$25,758,646$13,557,525$135,607,075
92$195,672,054$26,837,455$13,828,338$148,780,829
93$215,441,464$27,963,351$14,102,447$163,274,704
94$237,221,395$29,138,457$14,379,781$179,222,452
95$261,216,734$30,364,998$14,660,260$196,771,433
96$287,653,258$31,645,300$14,943,796$216,083,998
97$316,779,769$32,981,798$15,230,292$237,339,019
98$348,870,438$34,377,039$15,519,640$260,733,571
99$384,227,399$35,833,690$15,811,724$286,484,789
100$423,183,594$37,354,541$16,106,417$314,831,907