Can I retire at age 56 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$470,701$466,508$462,417$458,425$454,526$447,919
2 years$233,020$228,680$224,474$220,396$216,441$209,798
3 years$153,804$149,445$145,250$141,210$137,319$130,847
4 years$114,203$109,858$105,705$101,734$97,937$91,686
5 years$90,449$86,130$82,031$78,141$74,450$68,438
6 years$74,618$70,332$66,293$62,490$58,910$53,144
7 years$63,315$59,064$55,090$51,377$47,910$42,391
8 years$54,841$50,629$46,721$43,099$39,746$34,475
9 years$48,254$44,082$40,241$36,711$33,472$28,445
10 years$42,987$38,856$35,083$31,645$28,519$23,734
11 years$38,681$34,591$30,886$27,540$24,528$19,978
12 years$35,095$31,047$27,411$24,157$21,255$16,936
13 years$32,063$28,058$24,490$21,327$18,535$14,441
14 years$29,467$25,504$22,004$18,931$16,248$12,372
15 years$27,218$23,298$19,867$16,884$14,306$10,641
16 years$25,253$21,375$18,012$15,117$12,643$9,183
17 years$23,521$19,686$16,390$13,583$11,210$7,948
18 years$21,983$18,191$14,962$12,241$9,968$6,894
19 years$20,608$16,859$13,697$11,061$8,885$5,993
20 years$19,372$15,666$12,571$10,018$7,936$5,219
21 years$18,256$14,592$11,563$9,092$7,102$4,551
22 years$17,242$13,621$10,657$8,266$6,366$3,974
23 years$16,318$12,740$9,840$7,528$5,714$3,474
24 years$15,472$11,936$9,100$6,866$5,136$3,040
25 years$14,695$11,202$8,428$6,271$4,622$2,663
26 years$13,979$10,528$7,817$5,734$4,163$2,334
27 years$13,318$9,908$7,259$5,248$3,753$2,047
28 years$12,704$9,336$6,748$4,808$3,387$1,796
29 years$12,134$8,808$6,279$4,409$3,058$1,577
30 years$11,603$8,318$5,849$4,047$2,763$1,385
31 years$11,107$7,863$5,453$3,717$2,498$1,217
32 years$10,643$7,440$5,088$3,416$2,260$1,070
33 years$10,208$7,046$4,750$3,141$2,045$941
34 years$9,799$6,678$4,438$2,890$1,852$827
35 years$9,415$6,334$4,150$2,660$1,677$728
36 years$9,053$6,012$3,882$2,450$1,520$640
37 years$8,711$5,710$3,633$2,257$1,377$563
38 years$8,388$5,426$3,403$2,081$1,249$496
39 years$8,082$5,160$3,188$1,919$1,132$436
40 years$7,793$4,909$2,988$1,770$1,027$384
41 years$7,518$4,673$2,802$1,633$932$338
42 years$7,257$4,451$2,628$1,507$845$298
43 years$7,009$4,241$2,466$1,391$767$262
44 years$6,772$4,042$2,315$1,284$696$231
45 years$6,547$3,855$2,174$1,186$632$203
46 years$6,333$3,677$2,042$1,096$574$179
47 years$6,128$3,509$1,918$1,012$521$158
48 years$5,932$3,350$1,802$935$473$139
49 years$5,744$3,199$1,694$864$430$122
50 years$5,565$3,056$1,593$799$391$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $5,700,000, adding $5,953 every year, while hoping to spend $59,008 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: 43/48/9 Blend
55$5,700,000$5,700,000$5,700,000$5,700,000
56$6,287,541$5,985,441$5,897,091$6,541,289
57$6,866,086$6,215,943$6,031,859$6,948,888
58$7,501,665$6,455,763$6,169,165$7,383,728
59$8,200,033$6,705,293$6,309,030$7,853,454
60$8,967,530$6,964,946$6,451,476$8,361,278
61$9,811,141$7,235,152$6,596,524$8,910,731
62$10,738,562$7,516,359$6,744,192$9,505,685
63$11,758,271$7,809,036$6,894,498$10,150,395
64$12,879,607$8,113,672$7,047,456$10,849,537
65$14,112,863$8,430,777$7,203,082$11,608,245
66$15,469,376$8,760,887$7,361,386$12,432,162
67$16,961,639$9,104,557$7,522,379$13,327,490
68$18,603,416$9,462,370$7,686,069$14,301,043
69$20,409,873$9,834,934$7,852,460$15,360,317
70$22,397,718$10,222,884$8,021,556$16,513,549
71$24,585,364$10,626,884$8,193,357$17,769,797
72$26,993,097$11,047,627$8,367,860$19,139,025
73$29,643,270$11,485,838$8,545,060$20,632,187
74$32,560,512$11,942,272$8,724,948$22,261,336
75$35,771,962$12,417,721$8,907,511$24,039,729
76$39,307,523$12,913,011$9,092,734$25,981,950
77$43,200,146$13,429,004$9,280,597$28,104,047
78$47,486,140$13,966,604$9,471,076$30,423,676
79$52,205,512$14,526,753$9,664,142$32,960,269
80$57,402,347$15,110,437$9,859,764$35,735,209
81$63,125,223$15,718,685$10,057,903$38,772,030
82$69,427,669$16,352,574$10,258,516$42,096,636
83$76,368,670$17,013,229$10,461,555$45,737,540
84$84,013,225$17,701,827$10,666,967$49,726,129
85$92,432,954$18,419,598$10,874,691$54,096,957
86$101,706,783$19,167,825$11,084,661$58,888,064
87$111,921,681$19,947,855$11,296,803$64,141,330
88$123,173,484$20,761,091$11,511,038$69,902,871
89$135,567,798$21,609,004$11,727,276$76,223,459
90$149,220,997$22,493,129$11,945,424$83,159,005
91$164,261,319$23,415,072$12,165,375$90,771,074
92$180,830,076$24,376,513$12,387,018$99,127,467
93$199,082,991$25,379,210$12,610,231$108,302,845
94$219,191,663$26,424,998$12,834,880$118,379,437
95$241,345,189$27,515,799$13,060,825$129,447,802
96$265,751,949$28,653,623$13,287,913$141,607,681
97$292,641,568$29,840,571$13,515,978$154,968,928
98$322,267,090$31,078,842$13,744,846$169,652,541
99$354,907,363$32,370,734$13,974,328$185,791,796
100$390,869,667$33,718,654$14,204,221$203,533,494