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%11.5%
1 years$503,732$499,245$494,868$490,595$486,423$483,357
2 years$249,372$244,728$240,227$235,863$231,630$228,538
3 years$164,597$159,933$155,443$151,120$146,955$143,932
4 years$122,217$117,567$113,123$108,873$104,810$101,879
5 years$96,796$92,174$87,788$83,625$79,675$76,845
6 years$79,855$75,267$70,946$66,876$63,044$60,319
7 years$67,758$63,209$58,956$54,982$51,272$48,652
8 years$58,690$54,182$49,999$46,123$42,535$40,021
9 years$51,640$47,175$43,064$39,287$35,820$33,413
10 years$46,004$41,583$37,545$33,866$30,521$28,217
11 years$41,396$37,019$33,054$29,473$26,249$24,048
12 years$37,558$33,226$29,334$25,852$22,747$20,646
13 years$34,313$30,026$26,208$22,823$19,836$17,834
14 years$31,535$27,293$23,548$20,260$17,388$15,482
15 years$29,129$24,933$21,261$18,068$15,310$13,497
16 years$27,025$22,875$19,276$16,178$13,531$11,810
17 years$25,171$21,067$17,540$14,536$11,997$10,364
18 years$23,525$19,467$16,012$13,100$10,667$9,120
19 years$22,054$18,042$14,658$11,837$9,508$8,043
20 years$20,732$16,766$13,453$10,721$8,493$7,108
21 years$19,537$15,616$12,374$9,730$7,600$6,292
22 years$18,452$14,577$11,405$8,846$6,812$5,578
23 years$17,463$13,634$10,530$8,057$6,115$4,951
24 years$16,558$12,774$9,739$7,348$5,496$4,400
25 years$15,727$11,988$9,020$6,711$4,946$3,914
26 years$14,960$11,267$8,365$6,136$4,455$3,485
27 years$14,252$10,603$7,768$5,616$4,017$3,106
28 years$13,596$9,991$7,221$5,146$3,624$2,769
29 years$12,985$9,426$6,720$4,719$3,273$2,471
30 years$12,417$8,902$6,260$4,331$2,957$2,206
31 years$11,886$8,415$5,836$3,977$2,673$1,970
32 years$11,390$7,962$5,445$3,655$2,418$1,761
33 years$10,924$7,540$5,084$3,361$2,189$1,574
34 years$10,487$7,147$4,750$3,093$1,982$1,408
35 years$10,076$6,778$4,441$2,847$1,795$1,259
36 years$9,688$6,434$4,154$2,622$1,626$1,127
37 years$9,322$6,111$3,888$2,416$1,474$1,008
38 years$8,977$5,807$3,641$2,227$1,336$903
39 years$8,650$5,522$3,412$2,053$1,212$808
40 years$8,340$5,254$3,198$1,894$1,099$724
41 years$8,046$5,001$2,998$1,747$997$648
42 years$7,766$4,763$2,813$1,613$905$581
43 years$7,501$4,538$2,639$1,489$821$520
44 years$7,248$4,326$2,477$1,374$745$466
45 years$7,007$4,125$2,326$1,269$677$418
46 years$6,777$3,935$2,185$1,172$614$374
47 years$6,558$3,755$2,053$1,083$558$335
48 years$6,348$3,585$1,929$1,001$507$301
49 years$6,148$3,423$1,813$925$460$270
50 years$5,956$3,270$1,704$855$418$242

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 $5,386 every year, while hoping to spend $36,532 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: 75/10/15 Blend
55$6,100,000$6,100,000$6,100,000$6,100,000
56$6,727,756$6,404,456$6,309,906$7,210,030
57$7,375,117$6,679,404$6,482,418$7,804,500
58$8,087,285$6,966,601$6,659,485$8,450,789
59$8,870,831$7,266,607$6,841,220$9,158,143
60$9,732,996$7,580,011$7,027,741$9,932,626
61$10,681,757$7,907,428$7,219,167$10,780,916
62$11,725,907$8,249,502$7,415,619$11,710,364
63$12,875,130$8,606,908$7,617,223$12,729,066
64$14,140,099$8,980,352$7,824,105$13,845,936
65$15,532,573$9,370,574$8,036,397$15,070,793
66$17,065,511$9,778,347$8,254,232$16,414,446
67$18,753,189$10,204,483$8,477,745$17,888,804
68$20,611,342$10,649,829$8,707,076$19,506,981
69$22,657,303$11,115,276$8,942,368$21,283,418
70$24,910,176$11,601,752$9,183,766$23,234,025
71$27,391,010$12,110,234$9,431,418$25,376,325
72$30,122,999$12,641,741$9,685,476$27,729,617
73$33,131,701$13,197,343$9,946,096$30,315,163
74$36,445,279$13,778,158$10,213,435$33,156,381
75$40,094,768$14,385,358$10,487,655$36,279,070
76$44,114,366$15,020,171$10,768,923$39,711,647
77$48,541,754$15,683,883$11,057,405$43,485,420
78$53,418,460$16,377,840$11,353,275$47,634,878
79$58,790,242$17,103,453$11,656,708$52,198,014
80$64,707,522$17,862,198$11,967,884$57,216,689
81$71,225,867$18,655,623$12,286,986$62,737,015
82$78,406,505$19,485,349$12,614,200$68,809,800
83$86,316,910$20,353,072$12,949,717$75,491,018
84$95,031,434$21,260,572$13,293,731$82,842,336
85$104,632,011$22,209,710$13,646,441$90,931,701
86$115,208,928$23,202,438$14,008,050$99,833,971
87$126,861,682$24,240,800$14,378,762$109,631,625
88$139,699,911$25,326,938$14,758,789$120,415,540
89$153,844,438$26,463,093$15,148,344$132,285,841
90$169,428,403$27,651,618$15,547,646$145,352,852
91$186,598,526$28,894,972$15,956,917$159,738,128
92$205,516,486$30,195,736$16,376,385$175,575,604
93$226,360,453$31,556,613$16,806,279$193,012,856
94$249,326,765$32,980,433$17,246,835$212,212,492
95$274,631,784$34,470,163$17,698,293$233,353,683
96$302,513,935$36,028,910$18,160,895$256,633,853
97$333,235,962$37,659,932$18,634,891$282,270,539
98$367,087,403$39,366,641$19,120,532$310,503,440
99$404,387,323$41,152,612$19,618,075$341,596,682
100$445,487,331$43,021,591$20,127,781$375,841,301