Can I retire at age 56 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$363,348$360,111$356,954$353,872$350,862$348,505
2 years$179,875$176,525$173,278$170,131$167,077$164,700
3 years$118,726$115,361$112,123$109,004$106,001$103,677
4 years$88,157$84,803$81,597$78,531$75,601$73,348
5 years$69,820$66,486$63,322$60,320$57,470$55,296
6 years$57,600$54,291$51,174$48,238$45,474$43,381
7 years$48,875$45,594$42,526$39,659$36,983$34,971
8 years$42,334$39,082$36,065$33,269$30,681$28,751
9 years$37,249$34,028$31,063$28,338$25,838$23,989
10 years$33,183$29,994$27,081$24,428$22,015$20,247
11 years$29,859$26,702$23,842$21,259$18,934$17,245
12 years$27,091$23,966$21,159$18,647$16,407$14,796
13 years$24,751$21,658$18,904$16,463$14,308$12,772
14 years$22,746$19,687$16,986$14,614$12,542$11,081
15 years$21,011$17,984$15,336$13,033$11,043$9,654
16 years$19,494$16,500$13,904$11,670$9,760$8,441
17 years$18,156$15,196$12,652$10,485$8,654$7,403
18 years$16,969$14,042$11,550$9,449$7,694$6,510
19 years$15,908$13,014$10,573$8,538$6,858$5,737
20 years$14,954$12,093$9,704$7,733$6,126$5,066
21 years$14,092$11,264$8,925$7,018$5,482$4,481
22 years$13,310$10,515$8,226$6,381$4,914$3,969
23 years$12,597$9,834$7,595$5,811$4,411$3,521
24 years$11,944$9,214$7,024$5,300$3,965$3,127
25 years$11,344$8,647$6,506$4,841$3,568$2,779
26 years$10,791$8,127$6,034$4,426$3,214$2,473
27 years$10,280$7,648$5,603$4,051$2,897$2,202
28 years$9,807$7,207$5,209$3,712$2,614$1,962
29 years$9,367$6,799$4,847$3,404$2,361$1,749
30 years$8,956$6,421$4,515$3,124$2,133$1,560
31 years$8,574$6,070$4,209$2,869$1,928$1,392
32 years$8,216$5,743$3,927$2,637$1,744$1,243
33 years$7,880$5,439$3,667$2,425$1,579$1,110
34 years$7,564$5,155$3,426$2,231$1,429$992
35 years$7,268$4,889$3,203$2,054$1,295$887
36 years$6,988$4,641$2,997$1,891$1,173$793
37 years$6,724$4,408$2,805$1,743$1,063$709
38 years$6,475$4,189$2,627$1,606$964$634
39 years$6,239$3,983$2,461$1,481$874$567
40 years$6,015$3,790$2,306$1,366$793$508
41 years$5,803$3,607$2,163$1,260$719$454
42 years$5,602$3,436$2,029$1,163$653$407
43 years$5,410$3,273$1,904$1,074$592$364
44 years$5,228$3,120$1,787$991$538$326
45 years$5,054$2,975$1,678$916$488$292
46 years$4,888$2,838$1,576$846$443$261
47 years$4,730$2,709$1,481$781$402$234
48 years$4,579$2,586$1,391$722$365$209
49 years$4,434$2,469$1,308$667$332$188
50 years$4,296$2,359$1,229$617$301$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $4,400,000, adding $5,902 every year, while hoping to spend $26,986 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: 62/24/14 Blend
55$4,400,000$4,400,000$4,400,000$4,400,000
56$4,854,888$4,621,688$4,553,488$5,138,969
57$5,321,374$4,819,438$4,677,317$5,528,166
58$5,834,536$5,025,973$4,804,390$5,949,235
59$6,399,109$5,241,695$4,934,786$6,408,225
60$7,020,305$5,467,026$5,068,589$6,908,817
61$7,703,871$5,702,405$5,205,882$7,455,060
62$8,456,137$5,948,293$5,346,749$8,051,406
63$9,284,077$6,205,174$5,491,280$8,702,757
64$10,195,378$6,473,553$5,639,563$9,414,503
65$11,198,508$6,753,959$5,791,690$10,192,578
66$12,302,799$7,046,945$5,947,754$11,043,508
67$13,518,531$7,353,092$6,107,850$11,974,480
68$14,857,034$7,673,006$6,272,077$12,993,401
69$16,330,793$8,007,325$6,440,532$14,108,975
70$17,953,562$8,356,713$6,613,319$15,330,783
71$19,740,501$8,721,867$6,790,540$16,669,373
72$21,708,311$9,103,517$6,972,302$18,136,354
73$23,875,398$9,502,428$7,158,713$19,744,511
74$26,262,041$9,919,401$7,349,884$21,507,917
75$28,890,590$10,355,272$7,545,926$23,442,069
76$31,785,671$10,810,921$7,746,954$25,564,031
77$34,974,419$11,287,266$7,953,087$27,892,591
78$38,486,738$11,785,270$8,164,443$30,448,440
79$42,355,578$12,305,941$8,381,145$33,254,364
80$46,617,251$12,850,336$8,603,318$36,335,455
81$51,311,769$13,419,561$8,831,087$39,719,348
82$56,483,223$14,014,773$9,064,582$43,436,480
83$62,180,202$14,637,187$9,303,936$47,520,371
84$68,456,247$15,288,074$9,549,282$52,007,944
85$75,370,360$15,968,764$9,800,758$56,939,865
86$82,987,556$16,680,653$10,058,503$62,360,928
87$91,379,483$17,425,202$10,322,659$68,320,474
88$100,625,093$18,203,939$10,593,371$74,872,852
89$110,811,390$19,018,470$10,870,787$82,077,931
90$122,034,249$19,870,472$11,155,055$90,001,662
91$134,399,322$20,761,705$11,446,330$98,716,697
92$148,023,037$21,694,013$11,744,766$108,303,070
93$163,033,693$22,669,326$12,050,522$118,848,948
94$179,572,674$23,689,667$12,363,758$130,451,465
95$197,795,781$24,757,155$12,684,638$143,217,626
96$217,874,705$25,874,010$13,013,329$157,265,323
97$239,998,649$27,042,561$13,349,999$172,724,435
98$264,376,108$28,265,242$13,694,820$189,738,053
99$291,236,841$29,544,610$14,047,967$208,463,828
100$320,834,042$30,883,339$14,409,618$229,075,451