Can I retire at age 56 with 5,200,000?

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 $5,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$429,411$425,586$421,854$418,212$414,655$407,283
2 years$212,580$208,621$204,784$201,063$197,455$190,053
3 years$140,312$136,336$132,509$128,823$125,274$118,072
4 years$104,185$100,221$96,432$92,810$89,346$82,401
5 years$82,515$78,575$74,835$71,287$67,919$61,250
6 years$68,073$64,162$60,478$57,009$53,742$47,356
7 years$57,761$53,883$50,258$46,870$43,707$37,606
8 years$50,031$46,188$42,622$39,318$36,259$30,442
9 years$44,021$40,215$36,711$33,490$30,535$24,999
10 years$39,217$35,447$32,005$28,869$26,018$20,756
11 years$35,288$31,557$28,177$25,125$22,376$17,385
12 years$32,017$28,324$25,006$22,038$19,391$14,662
13 years$29,251$25,596$22,341$19,456$16,909$12,436
14 years$26,882$23,266$20,074$17,271$14,822$10,597
15 years$24,831$21,254$18,124$15,403$13,051$9,065
16 years$23,038$19,500$16,432$13,791$11,534$7,779
17 years$21,458$17,959$14,953$12,391$10,227$6,694
18 years$20,054$16,595$13,650$11,167$9,093$5,774
19 years$18,800$15,380$12,496$10,090$8,105$4,989
20 years$17,673$14,292$11,468$9,139$7,240$4,319
21 years$16,655$13,312$10,548$8,294$6,479$3,744
22 years$15,730$12,427$9,722$7,541$5,807$3,249
23 years$14,887$11,622$8,976$6,868$5,213$2,823
24 years$14,115$10,889$8,302$6,264$4,686$2,455
25 years$13,406$10,219$7,689$5,721$4,216$2,137
26 years$12,753$9,604$7,131$5,231$3,798$1,861
27 years$12,149$9,039$6,622$4,788$3,424$1,621
28 years$11,590$8,517$6,156$4,387$3,090$1,414
29 years$11,070$8,035$5,729$4,023$2,790$1,233
30 years$10,585$7,588$5,336$3,692$2,521$1,076
31 years$10,133$7,173$4,975$3,391$2,279$939
32 years$9,709$6,787$4,641$3,116$2,062$820
33 years$9,312$6,428$4,334$2,865$1,866$716
34 years$8,940$6,092$4,049$2,636$1,689$626
35 years$8,589$5,778$3,786$2,427$1,530$547
36 years$8,259$5,484$3,541$2,235$1,386$478
37 years$7,947$5,209$3,315$2,059$1,256$417
38 years$7,652$4,950$3,104$1,898$1,139$365
39 years$7,373$4,707$2,908$1,750$1,033$319
40 years$7,109$4,479$2,726$1,614$937$279
41 years$6,859$4,263$2,556$1,489$850$244
42 years$6,620$4,060$2,398$1,375$771$213
43 years$6,394$3,869$2,250$1,269$700$186
44 years$6,178$3,688$2,112$1,172$635$163
45 years$5,973$3,516$1,983$1,082$577$143
46 years$5,777$3,354$1,862$999$524$125
47 years$5,590$3,201$1,750$923$476$109
48 years$5,411$3,056$1,644$853$432$95
49 years$5,241$2,918$1,545$789$392$83
50 years$5,077$2,788$1,453$729$356$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $5,200,000, adding $3,086 every year, while hoping to spend $35,189 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: 63/23/14 Blend
55$5,200,000$5,200,000$5,200,000$5,200,000
56$5,733,583$5,457,983$5,377,383$6,075,243
57$6,280,968$5,687,984$5,520,085$6,534,669
58$6,883,006$5,928,075$5,666,387$7,031,830
59$7,545,236$6,178,713$5,816,375$7,573,861
60$8,273,759$6,440,379$5,970,132$8,165,125
61$9,075,296$6,713,571$6,127,745$8,810,422
62$9,957,255$6,998,815$6,289,303$9,515,035
63$10,927,797$7,296,659$6,454,897$10,284,774
64$11,995,913$7,607,676$6,624,617$11,126,034
65$13,171,512$7,932,468$6,798,557$12,045,853
66$14,465,511$8,271,663$6,976,813$13,051,975
67$15,889,938$8,625,920$7,159,481$14,152,925
68$17,458,048$8,995,927$7,346,661$15,358,085
69$19,184,447$9,382,405$7,538,452$16,677,783
70$21,085,227$9,786,110$7,734,957$18,123,390
71$23,178,122$10,207,831$7,936,279$19,707,423
72$25,482,672$10,648,395$8,142,526$21,443,663
73$28,020,408$11,108,670$8,353,804$23,347,282
74$30,815,055$11,589,561$8,570,222$25,434,988
75$33,892,759$12,092,017$8,791,892$27,725,175
76$37,282,327$12,617,033$9,018,927$30,238,102
77$41,015,505$13,165,648$9,251,442$32,996,076
78$45,127,274$13,738,952$9,489,553$36,023,662
79$49,656,181$14,338,086$9,733,378$39,347,915
80$54,644,704$14,964,245$9,983,039$42,998,631
81$60,139,649$15,618,678$10,238,656$47,008,625
82$66,192,596$16,302,696$10,500,354$51,414,041
83$72,860,382$17,017,670$10,768,257$56,254,689
84$80,205,642$17,765,036$11,042,494$61,574,416
85$88,297,393$18,546,298$11,323,193$67,421,524
86$97,211,692$19,363,032$11,610,485$73,849,212
87$107,032,350$20,216,886$11,904,502$80,916,086
88$117,851,725$21,109,589$12,205,379$88,686,701
89$129,771,592$22,042,950$12,513,250$97,232,173
90$142,904,103$23,018,864$12,828,253$106,630,842
91$157,372,849$24,039,315$13,150,526$116,969,011
92$173,314,021$25,106,383$13,480,210$128,341,754
93$190,877,701$26,222,245$13,817,447$140,853,813
94$210,229,274$27,389,183$14,162,379$154,620,581
95$231,550,992$28,609,585$14,515,151$169,769,184
96$255,043,693$29,885,954$14,875,908$186,439,681
97$280,928,696$31,220,912$15,244,797$204,786,380
98$309,449,891$32,617,205$15,621,966$224,979,289
99$340,876,042$34,077,710$16,007,564$247,205,714
100$375,503,322$35,605,442$16,401,741$271,672,026