Can I retire at age 56 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$503,732$499,245$494,868$490,595$486,423$477,971
2 years$249,372$244,728$240,227$235,863$231,630$223,142
3 years$164,597$159,933$155,443$151,120$146,955$138,697
4 years$122,217$117,567$113,123$108,873$104,810$96,843
5 years$96,796$92,174$87,788$83,625$79,675$72,023
6 years$79,855$75,267$70,946$66,876$63,044$55,716
7 years$67,758$63,209$58,956$54,982$51,272$44,269
8 years$58,690$54,182$49,999$46,123$42,535$35,857
9 years$51,640$47,175$43,064$39,287$35,820$29,463
10 years$46,004$41,583$37,545$33,866$30,521$24,478
11 years$41,396$37,019$33,054$29,473$26,249$20,514
12 years$37,558$33,226$29,334$25,852$22,747$17,313
13 years$34,313$30,026$26,208$22,823$19,836$14,694
14 years$31,535$27,293$23,548$20,260$17,388$12,530
15 years$29,129$24,933$21,261$18,068$15,310$10,725
16 years$27,025$22,875$19,276$16,178$13,531$9,211
17 years$25,171$21,067$17,540$14,536$11,997$7,932
18 years$23,525$19,467$16,012$13,100$10,667$6,846
19 years$22,054$18,042$14,658$11,837$9,508$5,920
20 years$20,732$16,766$13,453$10,721$8,493$5,129
21 years$19,537$15,616$12,374$9,730$7,600$4,449
22 years$18,452$14,577$11,405$8,846$6,812$3,864
23 years$17,463$13,634$10,530$8,057$6,115$3,360
24 years$16,558$12,774$9,739$7,348$5,496$2,924
25 years$15,727$11,988$9,020$6,711$4,946$2,547
26 years$14,960$11,267$8,365$6,136$4,455$2,220
27 years$14,252$10,603$7,768$5,616$4,017$1,936
28 years$13,596$9,991$7,221$5,146$3,624$1,689
29 years$12,985$9,426$6,720$4,719$3,273$1,475
30 years$12,417$8,902$6,260$4,331$2,957$1,288
31 years$11,886$8,415$5,836$3,977$2,673$1,125
32 years$11,390$7,962$5,445$3,655$2,418$983
33 years$10,924$7,540$5,084$3,361$2,189$859
34 years$10,487$7,147$4,750$3,093$1,982$751
35 years$10,076$6,778$4,441$2,847$1,795$657
36 years$9,688$6,434$4,154$2,622$1,626$575
37 years$9,322$6,111$3,888$2,416$1,474$503
38 years$8,977$5,807$3,641$2,227$1,336$440
39 years$8,650$5,522$3,412$2,053$1,212$385
40 years$8,340$5,254$3,198$1,894$1,099$337
41 years$8,046$5,001$2,998$1,747$997$295
42 years$7,766$4,763$2,813$1,613$905$258
43 years$7,501$4,538$2,639$1,489$821$226
44 years$7,248$4,326$2,477$1,374$745$198
45 years$7,007$4,125$2,326$1,269$677$173
46 years$6,777$3,935$2,185$1,172$614$151
47 years$6,558$3,755$2,053$1,083$558$133
48 years$6,348$3,585$1,929$1,001$507$116
49 years$6,148$3,423$1,813$925$460$102
50 years$5,956$3,270$1,704$855$418$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $6,100,000, adding $2,680 every year, while hoping to spend $43,280 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: 33/49/18 Blend
55$6,100,000$6,100,000$6,100,000$6,100,000
56$6,724,964$6,401,664$6,307,114$6,909,256
57$7,364,861$6,669,296$6,472,353$7,313,376
58$8,068,577$6,948,592$6,641,677$7,744,441
59$8,842,575$7,240,076$6,815,177$8,208,111
60$9,693,978$7,544,300$6,992,945$8,707,275
61$10,630,632$7,861,839$7,175,077$9,245,100
62$11,661,183$8,193,295$7,361,668$9,825,058
63$12,795,156$8,539,299$7,552,816$10,450,955
64$14,043,046$8,900,510$7,748,621$11,126,966
65$15,416,420$9,277,617$7,949,182$11,857,669
66$16,928,018$9,671,344$8,154,603$12,648,089
67$18,591,882$10,082,446$8,364,989$13,503,741
68$20,423,482$10,511,714$8,580,444$14,430,675
69$22,439,865$10,959,976$8,801,076$15,435,539
70$24,659,814$11,428,098$9,026,995$16,525,626
71$27,104,028$11,916,986$9,258,312$17,708,953
72$29,795,311$12,427,592$9,495,138$18,994,321
73$32,758,796$12,960,907$9,737,589$20,391,401
74$36,022,174$13,517,972$9,985,778$21,910,821
75$39,615,959$14,099,876$10,239,825$23,564,258
76$43,573,775$14,707,757$10,499,847$25,364,548
77$47,932,673$15,342,811$10,765,965$27,325,801
78$52,733,481$16,006,284$11,038,301$29,463,529
79$58,021,190$16,699,486$11,316,977$31,794,789
80$63,845,375$17,423,784$11,602,120$34,338,337
81$70,260,667$18,180,613$11,893,854$37,114,800
82$77,327,265$18,971,473$12,192,308$40,146,865
83$85,111,506$19,797,936$12,497,611$43,459,488
84$93,686,491$20,661,646$12,809,893$47,080,123
85$103,132,773$21,564,327$13,129,284$51,038,975
86$113,539,119$22,507,782$13,455,919$55,369,276
87$125,003,347$23,493,901$13,789,929$60,107,596
88$137,633,248$24,524,662$14,131,452$65,294,175
89$151,547,606$25,602,136$14,480,621$70,973,300
90$166,877,314$26,728,493$14,837,574$77,193,714
91$183,766,616$27,906,005$15,202,449$84,009,065
92$202,374,462$29,137,052$15,575,383$91,478,407
93$222,876,014$30,424,124$15,956,515$99,666,745
94$245,464,295$31,769,833$16,345,985$108,645,642
95$270,352,010$33,176,912$16,743,933$118,493,882
96$297,773,558$34,648,224$17,150,498$129,298,205
97$327,987,242$36,186,768$17,565,820$141,154,113
98$361,277,706$37,795,685$17,990,041$154,166,760
99$397,958,624$39,478,266$18,423,300$168,451,934
100$438,375,660$41,237,956$18,865,736$184,137,138