Can I retire at age 56 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$322,058$319,190$316,391$313,659$310,991$305,462
2 years$159,435$156,466$153,588$150,798$148,091$142,540
3 years$105,234$102,252$99,381$96,617$93,955$88,554
4 years$78,139$75,166$72,324$69,607$67,010$61,800
5 years$61,886$58,931$56,127$53,465$50,940$45,937
6 years$51,055$48,122$45,359$42,757$40,307$35,517
7 years$43,321$40,412$37,693$35,153$32,780$28,205
8 years$37,523$34,641$31,967$29,489$27,194$22,831
9 years$33,016$30,161$27,533$25,118$22,902$18,749
10 years$29,412$26,586$24,004$21,652$19,513$15,567
11 years$26,466$23,668$21,133$18,843$16,782$13,038
12 years$24,013$21,243$18,755$16,528$14,543$10,997
13 years$21,938$19,197$16,756$14,592$12,682$9,327
14 years$20,161$17,450$15,055$12,953$11,117$7,948
15 years$18,623$15,941$13,593$11,552$9,788$6,799
16 years$17,278$14,625$12,324$10,343$8,651$5,834
17 years$16,093$13,469$11,214$9,294$7,670$5,021
18 years$15,041$12,446$10,237$8,375$6,820$4,330
19 years$14,100$11,535$9,372$7,568$6,079$3,742
20 years$13,255$10,719$8,601$6,854$5,430$3,239
21 years$12,491$9,984$7,911$6,221$4,859$2,808
22 years$11,797$9,320$7,291$5,656$4,355$2,437
23 years$11,165$8,717$6,732$5,151$3,910$2,117
24 years$10,586$8,167$6,226$4,698$3,514$1,841
25 years$10,055$7,664$5,767$4,290$3,162$1,602
26 years$9,565$7,203$5,348$3,923$2,848$1,396
27 years$9,112$6,779$4,966$3,591$2,568$1,216
28 years$8,692$6,388$4,617$3,290$2,317$1,060
29 years$8,302$6,026$4,296$3,017$2,092$925
30 years$7,939$5,691$4,002$2,769$1,891$807
31 years$7,599$5,380$3,731$2,543$1,709$704
32 years$7,282$5,091$3,481$2,337$1,546$615
33 years$6,984$4,821$3,250$2,149$1,399$537
34 years$6,705$4,569$3,037$1,977$1,267$469
35 years$6,442$4,334$2,839$1,820$1,147$410
36 years$6,194$4,113$2,656$1,676$1,040$358
37 years$5,960$3,907$2,486$1,545$942$313
38 years$5,739$3,713$2,328$1,424$854$274
39 years$5,530$3,531$2,181$1,313$775$239
40 years$5,332$3,359$2,044$1,211$703$209
41 years$5,144$3,197$1,917$1,117$637$183
42 years$4,965$3,045$1,798$1,031$578$160
43 years$4,795$2,901$1,687$952$525$140
44 years$4,634$2,766$1,584$879$477$122
45 years$4,480$2,637$1,487$812$433$107
46 years$4,333$2,516$1,397$750$393$94
47 years$4,193$2,401$1,312$693$357$82
48 years$4,059$2,292$1,233$640$324$72
49 years$3,930$2,189$1,159$591$294$63
50 years$3,808$2,091$1,090$547$267$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $3,900,000, adding $5,736 every year, while hoping to spend $45,243 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: 65/20/15 Blend
55$3,900,000$3,900,000$3,900,000$3,900,000
56$4,303,717$4,097,017$4,036,567$4,567,595
57$4,694,558$4,249,632$4,123,653$4,897,459
58$5,123,748$4,408,210$4,212,141$5,251,998
59$5,595,152$4,572,993$4,302,029$5,638,298
60$6,113,025$4,744,238$4,393,315$6,059,461
61$6,682,057$4,922,209$4,485,995$6,518,899
62$7,307,414$5,107,185$4,580,063$7,020,373
63$7,994,787$5,299,453$4,675,512$7,568,016
64$8,750,445$5,499,316$4,772,331$8,166,383
65$9,581,296$5,707,089$4,870,510$8,820,485
66$10,494,951$5,923,098$4,970,035$9,535,842
67$11,499,794$6,147,688$5,070,889$10,318,527
68$12,605,063$6,381,215$5,173,054$11,175,231
69$13,820,937$6,624,052$5,276,508$12,113,320
70$15,158,630$6,876,588$5,381,229$13,140,904
71$16,630,498$7,139,229$5,487,188$14,266,916
72$18,250,156$7,412,398$5,594,356$15,501,191
73$20,032,604$7,696,538$5,702,699$16,854,563
74$21,994,372$7,992,111$5,812,182$18,338,963
75$24,153,671$8,299,597$5,922,763$19,967,531
76$26,530,568$8,619,500$6,034,398$21,754,739
77$29,147,175$8,952,345$6,147,040$23,716,530
78$32,027,857$9,298,680$6,260,635$25,870,462
79$35,199,460$9,659,076$6,375,128$28,235,878
80$38,691,566$10,034,132$6,490,456$30,834,082
81$42,536,773$10,424,472$6,606,553$33,688,546
82$46,770,998$10,830,746$6,723,348$36,825,123
83$51,433,823$11,253,635$6,840,762$40,272,295
84$56,568,858$11,693,849$6,958,714$44,061,440
85$62,224,165$12,152,130$7,077,114$48,227,122
86$68,452,699$12,629,254$7,195,866$52,807,424
87$75,312,816$13,126,029$7,314,870$57,844,301
88$82,868,820$13,643,302$7,434,015$63,383,973
89$91,191,571$14,181,954$7,553,185$69,477,365
90$100,359,152$14,742,910$7,672,257$76,180,582
91$110,457,605$15,327,133$7,791,098$83,555,440
92$121,581,749$15,935,631$7,909,568$91,670,046
93$133,836,065$16,569,455$8,027,517$100,599,438
94$147,335,691$17,229,705$8,144,785$110,426,296
95$162,207,501$17,917,530$8,261,205$121,241,715
96$178,591,309$18,634,131$8,376,598$133,146,067
97$196,641,181$19,380,763$8,490,773$146,249,947
98$216,526,899$20,158,737$8,603,531$160,675,211
99$238,435,551$20,969,424$8,714,658$176,556,126
100$262,573,307$21,814,256$8,823,929$194,040,639