Can I retire at age 56 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$371,606$368,296$365,066$361,914$358,836$352,168
2 years$183,963$180,537$177,217$173,997$170,874$164,181
3 years$121,424$117,983$114,671$111,482$108,410$101,900
4 years$90,160$86,730$83,451$80,316$77,319$71,042
5 years$71,407$67,997$64,761$61,691$58,776$52,752
6 years$58,909$55,525$52,337$49,334$46,508$40,742
7 years$49,985$46,630$43,492$40,561$37,823$32,317
8 years$43,296$39,970$36,885$34,025$31,378$26,130
9 years$38,095$34,801$31,769$28,982$26,425$21,432
10 years$33,937$30,676$27,697$24,983$22,515$17,773
11 years$30,538$27,309$24,384$21,742$19,364$14,867
12 years$27,707$24,511$21,640$19,071$16,780$12,523
13 years$25,313$22,151$19,334$16,837$14,633$10,608
14 years$23,263$20,134$17,372$14,946$12,827$9,027
15 years$21,488$18,393$15,684$13,329$11,294$7,711
16 years$19,937$16,875$14,220$11,935$9,982$6,608
17 years$18,569$15,542$12,940$10,723$8,850$5,678
18 years$17,355$14,361$11,812$9,664$7,869$4,890
19 years$16,270$13,310$10,814$8,732$7,014$4,220
20 years$15,294$12,368$9,924$7,909$6,265$3,647
21 years$14,413$11,520$9,128$7,178$5,607$3,157
22 years$13,612$10,754$8,413$6,526$5,026$2,736
23 years$12,883$10,058$7,768$5,943$4,511$2,373
24 years$12,215$9,424$7,184$5,421$4,055$2,060
25 years$11,602$8,844$6,654$4,951$3,649$1,790
26 years$11,036$8,311$6,171$4,527$3,287$1,557
27 years$10,514$7,822$5,731$4,143$2,963$1,354
28 years$10,030$7,371$5,327$3,796$2,674$1,179
29 years$9,579$6,953$4,957$3,481$2,414$1,027
30 years$9,160$6,567$4,618$3,195$2,181$894
31 years$8,769$6,208$4,305$2,934$1,972$779
32 years$8,402$5,874$4,017$2,697$1,784$679
33 years$8,059$5,563$3,750$2,480$1,615$592
34 years$7,736$5,272$3,504$2,282$1,462$517
35 years$7,433$5,000$3,276$2,100$1,324$451
36 years$7,147$4,746$3,065$1,934$1,200$393
37 years$6,877$4,508$2,868$1,782$1,087$343
38 years$6,622$4,284$2,686$1,643$986$299
39 years$6,381$4,074$2,517$1,515$894$261
40 years$6,152$3,876$2,359$1,397$811$228
41 years$5,935$3,689$2,212$1,289$736$199
42 years$5,729$3,514$2,075$1,190$667$174
43 years$5,533$3,348$1,947$1,098$606$152
44 years$5,347$3,191$1,828$1,014$550$132
45 years$5,169$3,043$1,716$936$499$116
46 years$4,999$2,903$1,612$865$453$101
47 years$4,838$2,770$1,514$799$412$88
48 years$4,683$2,645$1,423$738$374$77
49 years$4,535$2,525$1,337$682$339$67
50 years$4,394$2,412$1,257$631$308$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $4,500,000, adding $4,067 every year, while hoping to spend $24,801 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: 64/20/16 Blend
55$4,500,000$4,500,000$4,500,000$4,500,000
56$4,963,195$4,724,695$4,654,945$5,261,088
57$5,443,053$4,929,817$4,784,498$5,666,439
58$5,971,025$5,144,159$4,917,559$6,105,846
59$6,551,993$5,368,146$5,054,221$6,585,251
60$7,191,335$5,602,224$5,194,576$7,108,556
61$7,894,978$5,846,860$5,338,721$7,680,055
62$8,669,451$6,102,541$5,486,754$8,304,472
63$9,521,950$6,369,781$5,638,775$8,987,006
64$10,460,403$6,649,114$5,794,887$9,733,377
65$11,493,545$6,941,101$5,955,197$10,549,882
66$12,631,002$7,246,331$6,119,812$11,443,451
67$13,883,381$7,565,418$6,288,842$12,421,713
68$15,262,369$7,899,007$6,462,402$13,493,064
69$16,780,845$8,247,772$6,640,606$14,666,747
70$18,452,999$8,612,421$6,823,575$15,952,940
71$20,294,469$8,993,694$7,011,429$17,362,847
72$22,322,486$9,392,366$7,204,293$18,908,803
73$24,556,037$9,809,249$7,402,294$20,604,392
74$27,016,045$10,245,194$7,605,563$22,464,570
75$29,725,565$10,701,093$7,814,233$24,505,807
76$32,710,004$11,177,877$8,028,441$26,746,240
77$35,997,357$11,676,526$8,248,326$29,205,841
78$39,618,475$12,198,063$8,474,032$31,906,609
79$43,607,352$12,743,560$8,705,705$34,872,767
80$48,001,450$13,314,143$8,943,494$38,130,998
81$52,842,050$13,910,988$9,187,553$41,710,688
82$58,174,641$14,535,329$9,438,038$45,644,206
83$64,049,351$15,188,457$9,695,110$49,967,202
84$70,521,421$15,871,727$9,958,932$54,718,949
85$77,651,721$16,586,557$10,229,671$59,942,702
86$85,507,331$17,334,432$10,507,499$65,686,112
87$94,162,169$18,116,910$10,792,591$72,001,668
88$103,697,694$18,935,622$11,085,126$78,947,191
89$114,203,668$19,792,277$11,385,288$86,586,380
90$125,779,009$20,688,665$11,693,261$94,989,406
91$138,532,722$21,626,664$12,009,239$104,233,573
92$152,584,927$22,608,238$12,333,417$114,404,044
93$168,067,996$23,635,448$12,665,993$125,594,645
94$185,127,799$24,710,453$13,007,171$137,908,740
95$203,925,084$25,835,514$13,357,160$151,460,212
96$224,636,991$27,013,002$13,716,173$166,374,526
97$247,458,725$28,245,401$14,084,427$182,789,915
98$272,605,403$29,535,314$14,462,143$200,858,678
99$300,314,077$30,885,467$14,849,548$220,748,614
100$330,845,979$32,298,720$15,246,873$242,644,601