Can I retire at age 56 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$421,153$417,402$413,742$410,169$406,681$400,273
2 years$208,492$204,609$200,846$197,197$193,658$187,219
3 years$137,614$133,714$129,960$126,346$122,864$116,594
4 years$102,182$98,294$94,578$91,025$87,628$81,575
5 years$80,928$77,064$73,396$69,916$66,613$60,795
6 years$66,764$62,928$59,315$55,912$52,709$47,132
7 years$56,650$52,847$49,291$45,969$42,866$37,533
8 years$49,068$45,300$41,803$38,562$35,562$30,471
9 years$43,175$39,442$36,005$32,846$29,948$25,097
10 years$38,462$34,766$31,390$28,314$25,517$20,902
11 years$34,610$30,950$27,635$24,641$21,946$17,562
12 years$31,401$27,779$24,525$21,614$19,018$14,859
13 years$28,688$25,104$21,912$19,082$16,584$12,645
14 years$26,365$22,819$19,688$16,939$14,537$10,811
15 years$24,353$20,846$17,775$15,106$12,800$9,280
16 years$22,595$19,125$16,116$13,526$11,312$7,992
17 years$21,045$17,614$14,665$12,153$10,030$6,902
18 years$19,669$16,276$13,387$10,952$8,919$5,974
19 years$18,439$15,084$12,255$9,896$7,949$5,182
20 years$17,333$14,017$11,247$8,963$7,101$4,502
21 years$16,334$13,056$10,345$8,135$6,354$3,917
22 years$15,427$12,188$9,535$7,396$5,696$3,413
23 years$14,601$11,399$8,804$6,736$5,113$2,977
24 years$13,844$10,680$8,142$6,144$4,595$2,599
25 years$13,149$10,023$7,541$5,611$4,135$2,271
26 years$12,508$9,420$6,994$5,130$3,725$1,986
27 years$11,916$8,865$6,495$4,696$3,358$1,737
28 years$11,367$8,353$6,038$4,302$3,030$1,521
29 years$10,857$7,881$5,618$3,945$2,736$1,332
30 years$10,381$7,442$5,233$3,621$2,472$1,167
31 years$9,938$7,035$4,879$3,325$2,235$1,023
32 years$9,523$6,657$4,552$3,056$2,022$897
33 years$9,133$6,304$4,250$2,810$1,830$786
34 years$8,768$5,975$3,971$2,586$1,657$690
35 years$8,424$5,667$3,713$2,380$1,501$605
36 years$8,100$5,379$3,473$2,192$1,360$531
37 years$7,794$5,109$3,251$2,020$1,232$466
38 years$7,505$4,855$3,044$1,862$1,117$409
39 years$7,232$4,617$2,852$1,717$1,013$359
40 years$6,973$4,393$2,673$1,583$919$316
41 years$6,727$4,181$2,507$1,461$834$277
42 years$6,493$3,982$2,351$1,348$756$243
43 years$6,271$3,794$2,207$1,245$686$214
44 years$6,060$3,617$2,071$1,149$623$188
45 years$5,858$3,449$1,945$1,061$566$165
46 years$5,666$3,290$1,827$980$514$145
47 years$5,483$3,140$1,716$906$466$127
48 years$5,307$2,997$1,613$837$424$112
49 years$5,140$2,862$1,516$773$385$98
50 years$4,979$2,734$1,425$715$349$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $5,100,000, adding $3,092 every year, while hoping to spend $50,565 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: 25/46/29 Blend
55$5,100,000$5,100,000$5,100,000$5,100,000
56$5,623,389$5,353,089$5,274,039$5,712,848
57$6,143,174$5,561,590$5,396,919$5,996,779
58$6,714,283$5,778,612$5,522,220$6,296,494
59$7,341,896$6,004,521$5,649,971$6,616,801
60$8,031,722$6,239,696$5,780,198$6,959,465
61$8,790,051$6,484,534$5,912,928$7,326,417
62$9,623,811$6,739,451$6,048,186$7,719,775
63$10,540,636$7,004,880$6,185,996$8,141,858
64$11,548,935$7,281,273$6,326,381$8,595,209
65$12,657,975$7,569,104$6,469,364$9,082,615
66$13,877,965$7,868,867$6,614,964$9,607,134
67$15,220,154$8,181,078$6,763,202$10,172,120
68$16,696,935$8,506,276$6,914,094$10,781,252
69$18,321,964$8,845,025$7,067,658$11,438,571
70$20,110,288$9,197,914$7,223,908$12,148,510
71$22,078,483$9,565,559$7,382,855$12,915,936
72$24,244,819$9,948,601$7,544,511$13,746,197
73$26,629,422$10,347,715$7,708,884$14,645,164
74$29,254,472$10,763,601$7,875,980$15,619,289
75$32,144,405$11,196,994$8,045,802$16,675,659
76$35,326,149$11,648,662$8,218,351$17,822,064
77$38,829,376$12,119,407$8,393,626$19,067,065
78$42,686,782$12,610,066$8,571,622$20,420,073
79$46,934,392$13,121,518$8,752,329$21,891,434
80$51,611,905$13,654,678$8,935,738$23,492,524
81$56,763,066$14,210,504$9,121,832$25,235,852
82$62,436,079$14,789,998$9,310,593$27,135,177
83$68,684,058$15,394,208$9,501,997$29,205,630
84$75,565,536$16,024,227$9,696,018$31,463,857
85$83,145,009$16,681,203$9,892,623$33,928,170
86$91,493,550$17,366,332$10,091,776$36,618,717
87$100,689,476$18,080,866$10,293,434$39,557,667
88$110,819,089$18,826,115$10,497,551$42,769,413
89$121,977,491$19,603,450$10,704,073$46,280,802
90$134,269,477$20,414,301$10,912,942$50,121,377
91$147,810,530$21,260,168$11,124,092$54,323,659
92$162,727,906$22,142,618$11,337,451$58,923,441
93$179,161,836$23,063,289$11,552,939$63,960,125
94$197,266,851$24,023,898$11,770,470$69,477,085
95$217,213,238$25,026,238$11,989,949$75,522,073
96$239,188,650$26,072,185$12,211,274$82,147,663
97$263,399,873$27,163,703$12,434,332$89,411,738
98$290,074,781$28,302,846$12,659,004$97,378,033
99$319,464,486$29,491,762$12,885,157$106,116,727
100$351,845,706$30,732,701$13,112,653$115,705,099