Can I retire at age 56 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$338,574$335,558$332,616$329,744$326,940$317,364
2 years$167,611$164,489$161,464$158,531$155,686$146,116
3 years$110,631$107,496$104,478$101,572$98,773$89,510
4 years$82,146$79,021$76,033$73,177$70,446$61,559
5 years$65,060$61,953$59,005$56,207$53,552$45,066
6 years$53,673$50,589$47,685$44,949$42,374$34,297
7 years$45,542$42,485$39,626$36,955$34,461$26,793
8 years$39,447$36,417$33,606$31,001$28,589$21,325
9 years$34,709$31,708$28,945$26,406$24,076$17,209
10 years$30,921$27,949$25,235$22,762$20,514$14,034
11 years$27,823$24,881$22,216$19,810$17,643$11,539
12 years$25,244$22,332$19,716$17,376$15,289$9,549
13 years$23,063$20,182$17,615$15,340$13,332$7,944
14 years$21,195$18,345$15,827$13,617$11,687$6,636
15 years$19,578$16,758$14,290$12,144$10,290$5,563
16 years$18,165$15,375$12,956$10,874$9,094$4,677
17 years$16,918$14,160$11,790$9,770$8,064$3,941
18 years$15,812$13,085$10,762$8,805$7,170$3,327
19 years$14,823$12,127$9,852$7,956$6,391$2,814
20 years$13,935$11,269$9,042$7,206$5,708$2,383
21 years$13,132$10,496$8,317$6,540$5,108$2,020
22 years$12,402$9,798$7,665$5,946$4,579$1,714
23 years$11,738$9,164$7,078$5,415$4,110$1,456
24 years$11,129$8,586$6,546$4,939$3,694$1,238
25 years$10,570$8,057$6,062$4,510$3,324$1,052
26 years$10,055$7,573$5,623$4,124$2,994$895
27 years$9,579$7,127$5,221$3,775$2,700$762
28 years$9,138$6,716$4,854$3,459$2,436$649
29 years$8,728$6,335$4,517$3,172$2,200$553
30 years$8,346$5,983$4,207$2,911$1,988$471
31 years$7,989$5,656$3,922$2,673$1,797$401
32 years$7,655$5,352$3,660$2,457$1,625$342
33 years$7,342$5,068$3,417$2,259$1,471$292
34 years$7,049$4,803$3,193$2,079$1,332$249
35 years$6,772$4,556$2,985$1,914$1,206$212
36 years$6,512$4,324$2,792$1,762$1,093$181
37 years$6,266$4,107$2,614$1,624$991$154
38 years$6,034$3,903$2,447$1,497$898$131
39 years$5,814$3,712$2,293$1,380$814$112
40 years$5,605$3,531$2,149$1,273$739$96
41 years$5,408$3,361$2,015$1,174$670$82
42 years$5,220$3,201$1,890$1,084$608$70
43 years$5,041$3,050$1,774$1,000$552$59
44 years$4,871$2,907$1,665$924$501$51
45 years$4,709$2,773$1,563$853$455$43
46 years$4,555$2,645$1,468$788$413$37
47 years$4,408$2,524$1,380$728$375$31
48 years$4,267$2,410$1,296$673$341$27
49 years$4,132$2,301$1,219$622$309$23
50 years$4,003$2,198$1,146$575$281$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $4,100,000, adding $5,328 every year, while hoping to spend $21,261 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: 33/47/20 Blend
55$4,100,000$4,100,000$4,100,000$4,100,000
56$4,523,696$4,306,396$4,242,846$4,644,917
57$4,962,491$4,494,788$4,362,360$4,923,858
58$5,445,331$4,691,698$4,485,165$5,221,960
59$5,976,686$4,897,522$4,611,348$5,542,798
60$6,561,481$5,112,674$4,741,001$5,888,388
61$7,205,142$5,337,585$4,874,215$6,260,935
62$7,913,651$5,572,711$5,011,086$6,662,858
63$8,693,595$5,818,525$5,151,709$7,096,806
64$9,552,235$6,075,527$5,296,185$7,565,686
65$10,497,571$6,344,236$5,444,615$8,072,685
66$11,538,418$6,625,198$5,597,104$8,621,300
67$12,684,490$6,918,986$5,753,760$9,215,367
68$13,946,489$7,226,197$5,914,692$9,859,096
69$15,336,210$7,547,460$6,080,014$10,557,109
70$16,866,648$7,883,430$6,249,839$11,314,481
71$18,552,125$8,234,797$6,424,287$12,136,782
72$20,408,420$8,602,281$6,603,479$13,030,131
73$22,452,923$8,986,636$6,787,540$14,001,251
74$24,704,795$9,388,655$6,976,596$15,057,526
75$27,185,150$9,809,165$7,170,778$16,207,070
76$29,917,256$10,249,035$7,370,220$17,458,801
77$32,926,753$10,709,174$7,575,059$18,822,518
78$36,241,893$11,190,535$7,785,435$20,308,996
79$39,893,810$11,694,116$8,001,491$21,930,078
80$43,916,814$12,220,963$8,223,376$23,698,788
81$48,348,710$12,772,170$8,451,240$25,629,445
82$53,231,159$13,348,887$8,685,237$27,737,797
83$58,610,070$13,952,316$8,925,526$30,041,166
84$64,536,035$14,583,717$9,172,268$32,558,605
85$71,064,801$15,244,410$9,425,630$35,311,072
86$78,257,804$15,935,779$9,685,782$38,321,626
87$86,182,741$16,659,274$9,952,897$41,615,637
88$94,914,215$17,416,413$10,227,154$45,221,021
89$104,534,436$18,208,788$10,508,734$49,168,496
90$115,133,997$19,038,067$10,797,825$53,491,868
91$126,812,730$19,905,997$11,094,618$58,228,345
92$139,680,648$20,814,411$11,399,307$63,418,876
93$153,858,985$21,765,228$11,712,094$69,108,538
94$169,481,335$22,760,457$12,033,183$75,346,947
95$186,694,920$23,802,209$12,362,784$82,188,725
96$205,661,975$24,892,690$12,701,110$89,694,003
97$226,561,281$26,034,217$13,048,382$97,928,984
98$249,589,853$27,229,214$13,404,824$106,966,557
99$274,964,797$28,480,226$13,770,665$116,886,976
100$302,925,365$29,789,915$14,146,140$127,778,609