Can I retire at age 56 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$545,022$540,167$535,431$530,807$526,293$511,291
2 years$269,813$264,788$259,918$255,196$250,616$235,618
3 years$178,088$173,042$168,184$163,506$159,001$144,477
4 years$132,235$127,204$122,395$117,797$113,401$99,463
5 years$104,731$99,729$94,983$90,480$86,206$72,892
6 years$86,400$81,437$76,761$72,357$68,211$55,534
7 years$73,312$68,390$63,789$59,489$55,474$43,433
8 years$63,500$58,623$54,098$49,904$46,021$34,609
9 years$55,873$51,042$46,594$42,507$38,757$27,963
10 years$49,775$44,991$40,622$36,641$33,022$22,833
11 years$44,789$40,053$35,763$31,889$28,400$18,797
12 years$40,637$35,949$31,739$27,971$24,611$15,577
13 years$37,126$32,488$28,356$24,694$21,461$12,976
14 years$34,119$29,530$25,478$21,921$18,813$10,855
15 years$31,516$26,977$23,004$19,549$16,564$9,112
16 years$29,240$24,750$20,856$17,504$14,640$7,671
17 years$27,235$22,794$18,978$15,728$12,981$6,474
18 years$25,454$21,063$17,325$14,174$11,542$5,474
19 years$23,862$19,521$15,860$12,807$10,287$4,636
20 years$22,431$18,140$14,555$11,599$9,189$3,932
21 years$21,139$16,896$13,388$10,527$8,223$3,339
22 years$19,965$15,772$12,339$9,572$7,371$2,838
23 years$18,895$14,751$11,393$8,717$6,616$2,414
24 years$17,915$13,821$10,537$7,950$5,947$2,055
25 years$17,016$12,970$9,759$7,261$5,351$1,750
26 years$16,187$12,190$9,051$6,639$4,820$1,492
27 years$15,420$11,472$8,405$6,077$4,346$1,272
28 years$14,710$10,810$7,813$5,568$3,921$1,085
29 years$14,050$10,198$7,271$5,106$3,541$925
30 years$13,435$9,631$6,773$4,686$3,199$790
31 years$12,861$9,105$6,314$4,303$2,893$674
32 years$12,323$8,615$5,891$3,955$2,617$575
33 years$11,820$8,158$5,500$3,637$2,368$491
34 years$11,347$7,732$5,139$3,346$2,144$420
35 years$10,902$7,334$4,805$3,080$1,942$358
36 years$10,482$6,961$4,495$2,837$1,759$306
37 years$10,087$6,611$4,207$2,614$1,595$262
38 years$9,713$6,283$3,940$2,409$1,446$223
39 years$9,359$5,975$3,691$2,221$1,311$191
40 years$9,023$5,684$3,460$2,049$1,189$163
41 years$8,705$5,411$3,244$1,890$1,079$139
42 years$8,403$5,153$3,043$1,745$979$119
43 years$8,115$4,910$2,856$1,611$888$102
44 years$7,842$4,680$2,680$1,487$806$87
45 years$7,581$4,463$2,517$1,373$732$74
46 years$7,332$4,258$2,364$1,269$665$64
47 years$7,095$4,063$2,221$1,172$604$54
48 years$6,868$3,879$2,087$1,083$548$46
49 years$6,651$3,704$1,962$1,001$498$40
50 years$6,444$3,538$1,844$925$452$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $6,600,000, adding $6,525 every year, while hoping to spend $30,569 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: 84/6/10 Blend
55$6,600,000$6,600,000$6,600,000$6,600,000
56$7,279,931$6,930,131$6,827,831$7,880,106
57$7,989,958$7,237,182$7,024,038$8,580,578
58$8,771,384$7,558,254$7,225,793$9,345,083
59$9,631,459$7,894,002$7,433,251$10,183,907
60$10,578,171$8,245,111$7,646,568$11,104,505
61$11,620,323$8,612,301$7,865,907$12,115,087
62$12,767,616$8,996,322$8,091,434$13,224,698
63$14,030,735$9,397,965$8,323,320$14,443,297
64$15,421,458$9,818,054$8,561,739$15,781,856
65$16,952,763$10,257,454$8,806,873$17,252,462
66$18,638,947$10,717,072$9,058,906$18,868,426
67$20,495,768$11,197,856$9,318,027$20,644,413
68$22,540,587$11,700,802$9,584,432$22,596,578
69$24,792,537$12,226,952$9,858,321$24,742,718
70$27,272,699$12,777,396$10,139,898$27,102,437
71$30,004,305$13,353,278$10,429,375$29,697,334
72$33,012,953$13,955,797$10,726,967$32,551,203
73$36,326,851$14,586,209$11,032,898$35,690,259
74$39,977,084$15,245,827$11,347,394$39,143,381
75$43,997,905$15,936,031$11,670,690$42,942,388
76$48,427,059$16,658,265$12,003,026$47,122,336
77$53,306,140$17,414,041$12,344,649$51,721,849
78$58,680,982$18,204,945$12,695,811$56,783,481
79$64,602,093$19,032,638$13,056,771$62,354,116
80$71,125,131$19,898,861$13,427,797$68,485,413
81$78,311,427$20,805,438$13,809,161$75,234,290
82$86,228,569$21,754,281$14,201,144$82,663,460
83$94,951,035$22,747,392$14,604,034$90,842,022
84$104,560,897$23,786,871$15,018,126$99,846,111
85$115,148,599$24,874,918$15,443,723$109,759,620
86$126,813,804$26,013,837$15,881,136$120,674,982
87$139,666,342$27,206,045$16,330,684$132,694,049
88$153,827,241$28,454,073$16,792,694$145,929,048
89$169,429,872$29,760,575$17,267,502$160,503,641
90$186,621,207$31,128,332$17,755,452$176,554,087
91$205,563,208$32,560,257$18,256,897$194,230,530
92$226,434,351$34,059,406$18,772,199$213,698,413
93$249,431,318$35,628,980$19,301,730$235,140,040
94$274,770,846$37,272,334$19,845,872$258,756,292
95$302,691,778$38,992,984$20,405,015$284,768,523
96$333,457,316$40,794,617$20,979,559$313,420,646
97$367,357,505$42,681,095$21,569,917$344,981,437
98$404,711,970$44,656,469$22,176,509$379,747,065
99$445,872,937$46,724,982$22,799,768$418,043,891
100$491,228,553$48,891,083$23,440,137$460,231,541