Can I retire at age 56 with 4,000,000?

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 $4,000,000?

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$330,316$327,374$324,503$321,702$318,966$309,873
2 years$163,523$160,477$157,526$154,664$151,888$142,799
3 years$107,932$104,874$101,930$99,095$96,364$87,562
4 years$80,143$77,093$74,179$71,392$68,728$60,281
5 years$63,473$60,442$57,566$54,836$52,246$44,177
6 years$52,364$49,356$46,522$43,853$41,340$33,657
7 years$44,431$41,449$38,660$36,054$33,621$26,323
8 years$38,485$35,529$32,787$30,245$27,892$20,975
9 years$33,863$30,935$28,239$25,762$23,489$16,947
10 years$30,167$27,267$24,619$22,207$20,014$13,838
11 years$27,145$24,274$21,675$19,327$17,212$11,392
12 years$24,628$21,787$19,236$16,952$14,916$9,440
13 years$22,501$19,689$17,186$14,966$13,007$7,864
14 years$20,678$17,897$15,441$13,285$11,402$6,579
15 years$19,101$16,349$13,942$11,848$10,039$5,523
16 years$17,722$15,000$12,640$10,609$8,873$4,649
17 years$16,506$13,815$11,502$9,532$7,867$3,923
18 years$15,426$12,765$10,500$8,590$6,995$3,318
19 years$14,462$11,831$9,612$7,762$6,235$2,810
20 years$13,595$10,994$8,821$7,030$5,569$2,383
21 years$12,811$10,240$8,114$6,380$4,984$2,023
22 years$12,100$9,559$7,478$5,801$4,467$1,720
23 years$11,451$8,940$6,905$5,283$4,010$1,463
24 years$10,858$8,376$6,386$4,818$3,604$1,245
25 years$10,313$7,861$5,915$4,400$3,243$1,061
26 years$9,810$7,388$5,486$4,024$2,921$904
27 years$9,346$6,953$5,094$3,683$2,634$771
28 years$8,915$6,552$4,735$3,374$2,377$657
29 years$8,515$6,181$4,407$3,094$2,146$561
30 years$8,142$5,837$4,105$2,840$1,939$479
31 years$7,794$5,518$3,827$2,608$1,753$409
32 years$7,469$5,221$3,570$2,397$1,586$349
33 years$7,163$4,945$3,334$2,204$1,435$298
34 years$6,877$4,686$3,115$2,028$1,299$254
35 years$6,607$4,445$2,912$1,867$1,177$217
36 years$6,353$4,219$2,724$1,719$1,066$186
37 years$6,113$4,007$2,550$1,584$966$159
38 years$5,886$3,808$2,388$1,460$876$135
39 years$5,672$3,621$2,237$1,346$795$116
40 years$5,469$3,445$2,097$1,242$721$99
41 years$5,276$3,279$1,966$1,146$654$84
42 years$5,093$3,123$1,844$1,057$593$72
43 years$4,918$2,976$1,731$976$538$62
44 years$4,753$2,837$1,624$901$489$53
45 years$4,595$2,705$1,525$832$444$45
46 years$4,444$2,580$1,433$769$403$38
47 years$4,300$2,462$1,346$710$366$33
48 years$4,163$2,351$1,265$656$332$28
49 years$4,031$2,245$1,189$607$302$24
50 years$3,905$2,144$1,118$561$274$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $4,000,000, adding $2,436 every year, while hoping to spend $43,905 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: 50/43/7 Blend
55$4,000,000$4,000,000$4,000,000$4,000,000
56$4,410,513$4,198,513$4,136,513$4,623,085
57$4,813,670$4,357,525$4,228,371$4,927,259
58$5,256,479$4,522,858$4,321,836$5,252,694
59$5,742,936$4,694,774$4,416,913$5,605,270
60$6,277,445$4,873,548$4,513,610$5,987,536
61$6,864,860$5,059,468$4,611,932$6,402,298
62$7,510,526$5,252,831$4,711,881$6,852,634
63$8,220,330$5,453,951$4,813,460$7,341,933
64$9,000,763$5,663,153$4,916,670$7,873,914
65$9,858,971$5,880,778$5,021,508$8,452,672
66$10,802,830$6,107,181$5,127,973$9,082,704
67$11,841,018$6,342,732$5,236,060$9,768,960
68$12,983,095$6,587,818$5,345,760$10,516,881
69$14,239,593$6,842,844$5,457,066$11,332,453
70$15,622,120$7,108,232$5,569,966$12,222,260
71$17,143,462$7,384,421$5,684,445$13,193,546
72$18,817,709$7,671,871$5,800,488$14,254,280
73$20,660,386$7,971,064$5,918,076$15,413,233
74$22,688,599$8,282,500$6,037,185$16,680,055
75$24,921,197$8,606,703$6,157,792$18,065,366
76$27,378,949$8,944,221$6,279,867$19,580,854
77$30,084,738$9,295,624$6,403,379$21,239,384
78$33,063,782$9,661,510$6,528,292$23,055,118
79$36,343,865$10,042,502$6,654,568$25,043,643
80$39,955,606$10,439,251$6,782,163$27,222,122
81$43,932,742$10,852,438$6,911,029$29,609,446
82$48,312,447$11,282,774$7,041,114$32,226,417
83$53,135,688$11,731,001$7,172,363$35,095,937
84$58,447,603$12,197,895$7,304,712$38,243,224
85$64,297,934$12,684,267$7,438,095$41,696,047
86$70,741,492$13,190,965$7,572,440$45,484,984
87$77,838,676$13,718,874$7,707,668$49,643,708
88$85,656,041$14,268,919$7,843,696$54,209,304
89$94,266,929$14,842,068$7,980,431$59,222,612
90$103,752,158$15,439,331$8,117,778$64,728,612
91$114,200,785$16,061,765$8,255,630$70,776,845
92$125,710,948$16,710,474$8,393,877$77,421,874
93$138,390,790$17,386,614$8,532,398$84,723,799
94$152,359,483$18,091,390$8,671,065$92,748,818
95$167,748,346$18,826,064$8,809,741$101,569,848
96$184,702,092$19,591,955$8,948,282$111,267,211
97$203,380,187$20,390,442$9,086,531$121,929,384
98$223,958,359$21,222,968$9,224,324$133,653,832
99$246,630,258$22,091,039$9,361,484$146,547,922
100$271,609,277$22,996,232$9,497,826$160,729,934