Can I retire at age 56 with 3,600,000?

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 $3,600,000?

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$297,285$294,637$292,053$289,531$287,069$278,886
2 years$147,171$144,430$141,773$139,198$136,700$128,519
3 years$97,139$94,386$91,737$89,185$86,728$78,806
4 years$72,128$69,384$66,761$64,253$61,855$54,253
5 years$57,126$54,398$51,809$49,352$47,021$39,759
6 years$47,127$44,420$41,869$39,468$37,206$30,291
7 years$39,988$37,304$34,794$32,448$30,259$23,691
8 years$34,637$31,976$29,508$27,220$25,102$18,878
9 years$30,476$27,841$25,415$23,186$21,140$15,252
10 years$27,150$24,541$22,157$19,986$18,012$12,454
11 years$24,430$21,847$19,507$17,394$15,491$10,253
12 years$22,165$19,609$17,312$15,257$13,424$8,496
13 years$20,251$17,721$15,467$13,470$11,706$7,078
14 years$18,611$16,107$13,897$11,957$10,262$5,921
15 years$17,191$14,714$12,547$10,663$9,035$4,970
16 years$15,949$13,500$11,376$9,548$7,985$4,184
17 years$14,855$12,433$10,352$8,579$7,080$3,531
18 years$13,884$11,489$9,450$7,731$6,295$2,986
19 years$13,016$10,648$8,651$6,986$5,611$2,529
20 years$12,235$9,894$7,939$6,327$5,012$2,145
21 years$11,530$9,216$7,303$5,742$4,485$1,821
22 years$10,890$8,603$6,731$5,221$4,020$1,548
23 years$10,306$8,046$6,214$4,755$3,609$1,317
24 years$9,772$7,539$5,747$4,337$3,244$1,121
25 years$9,281$7,075$5,323$3,960$2,919$955
26 years$8,829$6,649$4,937$3,621$2,629$814
27 years$8,411$6,258$4,584$3,315$2,371$694
28 years$8,024$5,897$4,262$3,037$2,139$592
29 years$7,664$5,563$3,966$2,785$1,931$505
30 years$7,328$5,253$3,694$2,556$1,745$431
31 years$7,015$4,966$3,444$2,347$1,578$368
32 years$6,722$4,699$3,213$2,157$1,427$314
33 years$6,447$4,450$3,000$1,984$1,292$268
34 years$6,189$4,218$2,803$1,825$1,169$229
35 years$5,946$4,000$2,621$1,680$1,059$196
36 years$5,718$3,797$2,452$1,547$960$167
37 years$5,502$3,606$2,295$1,426$870$143
38 years$5,298$3,427$2,149$1,314$789$122
39 years$5,105$3,259$2,013$1,212$715$104
40 years$4,922$3,101$1,887$1,118$649$89
41 years$4,748$2,951$1,770$1,031$588$76
42 years$4,583$2,811$1,660$952$534$65
43 years$4,427$2,678$1,558$878$485$56
44 years$4,277$2,553$1,462$811$440$47
45 years$4,135$2,434$1,373$749$399$41
46 years$3,999$2,322$1,289$692$363$35
47 years$3,870$2,216$1,211$639$329$30
48 years$3,746$2,116$1,138$591$299$25
49 years$3,628$2,020$1,070$546$272$22
50 years$3,515$1,930$1,006$505$247$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $3,600,000, adding $6,114 every year, while hoping to spend $23,274 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: 41/40/19 Blend
55$3,600,000$3,600,000$3,600,000$3,600,000
56$3,973,507$3,782,707$3,726,907$4,113,940
57$4,354,041$3,943,296$3,826,995$4,375,016
58$4,772,610$4,110,974$3,929,656$4,654,703
59$5,233,068$4,286,064$4,034,951$4,956,946
60$5,739,663$4,468,903$4,142,944$5,283,817
61$6,297,074$4,659,845$4,253,698$5,637,593
62$6,910,459$4,859,260$4,367,280$6,020,770
63$7,585,497$5,067,536$4,483,756$6,436,092
64$8,328,451$5,285,078$4,603,194$6,886,571
65$9,146,216$5,512,309$4,725,664$7,375,515
66$10,046,393$5,749,676$4,851,238$7,906,558
67$11,037,358$5,997,643$4,979,986$8,483,694
68$12,128,337$6,256,696$5,111,984$9,111,310
69$13,329,498$6,527,345$5,247,307$9,794,231
70$14,652,047$6,810,125$5,386,032$10,537,756
71$16,108,328$7,105,593$5,528,236$11,347,715
72$17,711,945$7,414,335$5,674,000$12,230,514
73$19,477,890$7,736,964$5,823,405$13,193,200
74$21,422,679$8,074,119$5,976,534$14,243,521
75$23,564,516$8,426,474$6,133,471$15,390,001
76$25,923,456$8,794,732$6,294,302$16,642,012
77$28,521,603$9,179,627$6,459,115$18,009,867
78$31,383,309$9,581,932$6,627,999$19,504,912
79$34,535,414$10,002,454$6,801,044$21,139,628
80$38,007,490$10,442,038$6,978,343$22,927,751
81$41,832,126$10,901,570$7,159,989$24,884,395
82$46,045,233$11,381,977$7,346,079$27,026,192
83$50,686,383$11,884,230$7,536,708$29,371,450
84$55,799,183$12,409,347$7,731,977$31,940,316
85$61,431,687$12,958,391$7,931,985$34,754,970
86$67,636,847$13,532,481$8,136,835$37,839,825
87$74,473,016$14,132,783$8,346,630$41,221,756
88$82,004,496$14,760,522$8,561,474$44,930,351
89$90,302,147$15,416,980$8,781,476$48,998,184
90$99,444,054$16,103,500$9,006,744$53,461,122
91$109,516,265$16,821,489$9,237,387$58,358,654
92$120,613,603$17,572,420$9,473,518$63,734,263
93$132,840,559$18,357,838$9,715,249$69,635,832
94$146,312,282$19,179,358$9,962,697$76,116,087
95$161,155,664$20,038,675$10,215,976$83,233,095
96$177,510,535$20,937,564$10,475,205$91,050,802
97$195,530,989$21,877,884$10,740,504$99,639,635
98$215,386,832$22,861,583$11,011,993$109,077,155
99$237,265,190$23,890,701$11,289,795$119,448,792
100$261,372,269$24,967,376$11,574,033$130,848,634