Can I retire at age 56 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$445,927$441,955$438,080$434,297$430,604$424,695
2 years$220,756$216,645$212,660$208,797$205,049$199,107
3 years$145,709$141,580$137,605$133,778$130,092$124,300
4 years$108,192$104,076$100,141$96,380$92,783$87,186
5 years$85,689$81,597$77,714$74,029$70,532$65,148
6 years$70,691$66,630$62,804$59,201$55,809$50,643
7 years$59,983$55,956$52,191$48,673$45,388$40,442
8 years$51,955$47,964$44,262$40,830$37,654$32,927
9 years$45,714$41,762$38,123$34,778$31,710$27,201
10 years$40,725$36,811$33,236$29,979$27,018$22,723
11 years$36,645$32,771$29,261$26,091$23,237$19,151
12 years$33,248$29,413$25,968$22,885$20,136$16,256
13 years$30,376$26,581$23,201$20,204$17,559$13,879
14 years$27,916$24,161$20,846$17,935$15,392$11,906
15 years$25,786$22,072$18,821$15,995$13,553$10,255
16 years$23,924$20,250$17,064$14,322$11,978$8,862
17 years$22,283$18,650$15,528$12,868$10,620$7,680
18 years$20,826$17,233$14,175$11,597$9,443$6,672
19 years$19,523$15,972$12,976$10,479$8,417$5,809
20 years$18,353$14,842$11,909$9,490$7,518$5,066
21 years$17,295$13,824$10,954$8,613$6,728$4,424
22 years$16,335$12,905$10,096$7,831$6,031$3,869
23 years$15,459$12,069$9,322$7,132$5,413$3,388
24 years$14,658$11,308$8,621$6,505$4,866$2,969
25 years$13,922$10,612$7,985$5,941$4,378$2,605
26 years$13,244$9,974$7,405$5,432$3,944$2,287
27 years$12,617$9,386$6,877$4,972$3,556$2,009
28 years$12,035$8,845$6,393$4,555$3,208$1,765
29 years$11,495$8,344$5,949$4,177$2,897$1,553
30 years$10,992$7,880$5,541$3,834$2,618$1,366
31 years$10,522$7,449$5,166$3,521$2,367$1,202
32 years$10,083$7,049$4,820$3,236$2,141$1,058
33 years$9,671$6,675$4,500$2,976$1,937$932
34 years$9,284$6,326$4,205$2,738$1,754$821
35 years$8,920$6,001$3,931$2,520$1,589$723
36 years$8,576$5,695$3,678$2,321$1,440$638
37 years$8,253$5,409$3,442$2,139$1,305$562
38 years$7,947$5,141$3,223$1,971$1,183$495
39 years$7,657$4,888$3,020$1,818$1,073$437
40 years$7,383$4,651$2,831$1,676$973$385
41 years$7,122$4,427$2,654$1,547$883$340
42 years$6,875$4,216$2,490$1,427$801$300
43 years$6,640$4,017$2,336$1,318$727$264
44 years$6,416$3,829$2,193$1,217$660$233
45 years$6,203$3,652$2,059$1,124$599$206
46 years$5,999$3,484$1,934$1,038$544$181
47 years$5,805$3,324$1,817$959$494$160
48 years$5,619$3,174$1,707$886$448$141
49 years$5,442$3,031$1,605$819$407$125
50 years$5,272$2,895$1,509$757$370$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $5,400,000, adding $6,082 every year, while hoping to spend $44,558 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: 44/39/17 Blend
55$5,400,000$5,400,000$5,400,000$5,400,000
56$5,957,074$5,670,874$5,587,174$6,189,678
57$6,517,286$5,901,337$5,726,935$6,583,895
58$7,133,146$6,141,600$5,869,884$7,006,027
59$7,810,284$6,392,095$6,016,082$7,462,631
60$8,554,901$6,653,275$6,165,589$7,956,911
61$9,373,829$6,925,615$6,318,465$8,492,383
62$10,274,598$7,209,608$6,474,771$9,072,913
63$11,265,501$7,505,773$6,634,571$9,702,743
64$12,355,678$7,814,652$6,797,924$10,386,539
65$13,555,197$8,136,809$6,964,894$11,129,425
66$14,875,153$8,472,839$7,135,544$11,937,034
67$16,327,771$8,823,360$7,309,937$12,815,559
68$17,926,519$9,189,020$7,488,135$13,771,805
69$19,686,238$9,570,497$7,670,203$14,813,259
70$21,623,283$9,968,499$7,856,202$15,948,150
71$23,755,671$10,383,769$8,046,198$17,185,530
72$26,103,257$10,817,081$8,240,254$18,535,355
73$28,687,919$11,269,248$8,438,432$20,008,577
74$31,533,763$11,741,118$8,640,796$21,617,242
75$34,667,353$12,233,579$8,847,409$23,374,605
76$38,117,960$12,747,561$9,058,334$25,295,251
77$41,917,837$13,284,036$9,273,633$27,395,227
78$46,102,524$13,844,022$9,493,368$29,692,193
79$50,711,185$14,428,582$9,717,599$32,205,586
80$55,786,974$15,038,832$9,946,387$34,956,797
81$61,377,447$15,675,935$10,179,792$37,969,371
82$67,535,004$16,341,114$10,417,873$41,269,227
83$74,317,389$17,035,643$10,660,686$44,884,896
84$81,788,233$17,760,859$10,908,289$48,847,788
85$90,017,652$18,518,161$11,160,736$53,192,483
86$99,082,913$19,309,012$11,418,082$57,957,054
87$109,069,160$20,134,943$11,680,378$63,183,422
88$120,070,218$20,997,559$11,947,673$68,917,746
89$132,189,477$21,898,537$12,220,018$75,210,853
90$145,540,873$22,839,633$12,497,457$82,118,715
91$160,249,954$23,822,688$12,780,034$89,702,969
92$176,455,075$24,849,625$13,067,791$98,031,495
93$194,308,697$25,922,461$13,360,766$107,179,049
94$213,978,827$27,043,305$13,658,995$117,227,965
95$235,650,606$28,214,365$13,962,509$128,268,923
96$259,528,053$29,437,954$14,271,339$140,401,800
97$285,835,993$30,716,493$14,585,508$153,736,605
98$314,822,181$32,052,517$14,905,038$168,394,508
99$346,759,633$33,448,680$15,229,947$184,508,980
100$381,949,211$34,907,762$15,560,246$202,227,042