Can I retire at age 56 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$520,248$515,614$511,093$506,680$502,371$483,011
2 years$257,549$252,752$248,103$243,596$239,224$219,950
3 years$169,994$165,176$160,539$156,074$151,774$133,192
4 years$126,225$121,422$116,831$112,443$108,246$90,499
5 years$99,970$95,196$90,666$86,367$82,287$65,420
6 years$82,473$77,735$73,272$69,068$65,111$49,134
7 years$69,980$65,282$60,889$56,785$52,953$37,862
8 years$60,614$55,958$51,639$47,635$43,929$29,710
9 years$53,333$48,722$44,476$40,575$36,995$23,626
10 years$47,512$42,946$38,776$34,976$31,521$18,978
11 years$42,753$38,232$34,137$30,439$27,110$15,363
12 years$38,789$34,315$30,296$26,700$23,493$12,513
13 years$35,438$31,011$27,068$23,572$20,486$10,240
14 years$32,569$28,188$24,320$20,924$17,958$8,413
15 years$30,084$25,750$21,958$18,661$15,812$6,933
16 years$27,911$23,625$19,908$16,709$13,974$5,728
17 years$25,997$21,758$18,116$15,013$12,391$4,743
18 years$24,297$20,106$16,537$13,529$11,017$3,933
19 years$22,777$18,634$15,139$12,225$9,820$3,266
20 years$21,412$17,315$13,894$11,072$8,771$2,716
21 years$20,178$16,128$12,780$10,049$7,849$2,260
22 years$19,057$15,055$11,778$9,136$7,036$1,882
23 years$18,036$14,081$10,875$8,321$6,316$1,569
24 years$17,101$13,193$10,058$7,589$5,677$1,308
25 years$16,242$12,381$9,316$6,931$5,108$1,091
26 years$15,451$11,636$8,640$6,337$4,601$911
27 years$14,719$10,951$8,023$5,801$4,148$760
28 years$14,041$10,319$7,458$5,315$3,743$635
29 years$13,411$9,735$6,940$4,874$3,380$530
30 years$12,824$9,193$6,465$4,473$3,054$443
31 years$12,276$8,691$6,027$4,108$2,761$370
32 years$11,763$8,223$5,623$3,775$2,498$309
33 years$11,282$7,788$5,250$3,472$2,260$258
34 years$10,831$7,381$4,906$3,194$2,047$216
35 years$10,406$7,001$4,586$2,940$1,854$180
36 years$10,006$6,645$4,291$2,708$1,679$151
37 years$9,628$6,311$4,016$2,495$1,522$126
38 years$9,271$5,998$3,761$2,300$1,380$105
39 years$8,933$5,703$3,523$2,121$1,251$88
40 years$8,613$5,426$3,302$1,956$1,135$74
41 years$8,309$5,165$3,097$1,805$1,030$62
42 years$8,021$4,919$2,905$1,665$934$51
43 years$7,746$4,687$2,726$1,537$848$43
44 years$7,485$4,468$2,559$1,419$770$36
45 years$7,236$4,260$2,402$1,311$699$30
46 years$6,999$4,064$2,256$1,211$634$25
47 years$6,773$3,878$2,120$1,119$576$21
48 years$6,556$3,702$1,992$1,034$523$18
49 years$6,349$3,536$1,872$955$475$15
50 years$6,151$3,377$1,760$883$432$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $6,300,000, adding $6,717 every year, while hoping to spend $47,849 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: 49/38/13 Blend
55$6,300,000$6,300,000$6,300,000$6,300,000
56$6,949,529$6,615,629$6,517,979$7,264,946
57$7,607,470$6,888,883$6,685,420$7,755,862
58$8,330,917$7,173,924$6,856,867$8,283,284
59$9,126,501$7,471,277$7,032,403$8,855,119
60$10,001,529$7,781,495$7,212,113$9,475,545
61$10,964,050$8,105,153$7,396,084$10,149,149
62$12,022,932$8,442,855$7,584,402$10,880,973
63$13,187,948$8,795,231$7,777,156$11,676,557
64$14,469,864$9,162,942$7,974,435$12,541,989
65$15,880,542$9,546,679$8,176,331$13,483,963
66$17,433,054$9,947,163$8,382,935$14,509,838
67$19,141,803$10,365,151$8,594,341$15,627,704
68$21,022,657$10,801,433$8,810,641$16,846,460
69$23,093,102$11,256,838$9,031,932$18,175,888
70$25,372,406$11,732,231$9,258,310$19,626,753
71$27,881,799$12,228,518$9,489,870$21,210,891
72$30,644,675$12,746,647$9,726,713$22,941,327
73$33,686,810$13,287,611$9,968,936$24,832,388
74$37,036,609$13,852,448$10,216,640$26,899,840
75$40,725,370$14,442,245$10,469,924$29,161,031
76$44,787,582$15,058,140$10,728,891$31,635,050
77$49,261,249$15,701,322$10,993,643$34,342,908
78$54,188,248$16,373,038$11,264,281$37,307,727
79$59,614,725$17,074,593$11,540,911$40,554,961
80$65,591,530$17,807,351$11,823,634$44,112,625
81$72,174,696$18,572,741$12,112,556$48,011,559
82$79,425,969$19,372,260$12,407,780$52,285,717
83$87,413,390$20,207,472$12,709,413$56,972,477
84$96,211,936$21,080,019$13,017,559$62,112,993
85$105,904,229$21,991,615$13,332,322$67,752,578
86$116,581,313$22,944,057$13,653,808$73,941,125
87$128,343,519$23,939,227$13,982,122$80,733,574
88$141,301,403$24,979,094$14,317,368$88,190,422
89$155,576,796$26,065,721$14,659,651$96,378,294
90$171,303,954$27,201,265$15,009,073$105,370,557
91$188,630,818$28,387,988$15,365,738$115,248,014
92$207,720,420$29,628,258$15,729,748$126,099,656
93$228,752,412$30,924,552$16,101,204$138,023,493
94$251,924,770$32,279,467$16,480,206$151,127,477
95$277,455,655$33,695,720$16,866,853$165,530,508
96$305,585,480$35,176,158$17,261,240$181,363,552
97$336,579,172$36,723,762$17,663,464$198,770,864
98$370,728,675$38,341,654$18,073,618$217,911,348
99$408,355,708$40,033,103$18,491,792$238,960,039
100$449,814,798$41,801,534$18,918,076$262,109,754