Can I retire at age 56 with 1,150,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$94,966$94,120$93,295$92,489$91,703$91,048
2 years$47,013$46,137$45,289$44,466$43,668$43,008
3 years$31,031$30,151$29,305$28,490$27,705$27,060
4 years$23,041$22,164$21,326$20,525$19,759$19,134
5 years$18,248$17,377$16,550$15,765$15,021$14,418
6 years$15,055$14,190$13,375$12,608$11,885$11,305
7 years$12,774$11,916$11,115$10,365$9,666$9,108
8 years$11,064$10,215$9,426$8,695$8,019$7,484
9 years$9,735$8,894$8,119$7,407$6,753$6,241
10 years$8,673$7,839$7,078$6,384$5,754$5,264
11 years$7,804$6,979$6,231$5,556$4,949$4,481
12 years$7,081$6,264$5,530$4,874$4,288$3,842
13 years$6,469$5,661$4,941$4,303$3,739$3,314
14 years$5,945$5,145$4,439$3,820$3,278$2,874
15 years$5,491$4,700$4,008$3,406$2,886$2,502
16 years$5,095$4,313$3,634$3,050$2,551$2,186
17 years$4,745$3,972$3,307$2,740$2,262$1,916
18 years$4,435$3,670$3,019$2,470$2,011$1,684
19 years$4,158$3,401$2,763$2,232$1,792$1,483
20 years$3,908$3,161$2,536$2,021$1,601$1,308
21 years$3,683$2,944$2,333$1,834$1,433$1,156
22 years$3,479$2,748$2,150$1,668$1,284$1,024
23 years$3,292$2,570$1,985$1,519$1,153$907
24 years$3,122$2,408$1,836$1,385$1,036$805
25 years$2,965$2,260$1,700$1,265$932$715
26 years$2,820$2,124$1,577$1,157$840$636
27 years$2,687$1,999$1,464$1,059$757$566
28 years$2,563$1,884$1,361$970$683$504
29 years$2,448$1,777$1,267$890$617$449
30 years$2,341$1,678$1,180$816$557$400
31 years$2,241$1,586$1,100$750$504$357
32 years$2,147$1,501$1,026$689$456$318
33 years$2,059$1,422$958$634$413$284
34 years$1,977$1,347$895$583$374$253
35 years$1,900$1,278$837$537$338$226
36 years$1,826$1,213$783$494$307$202
37 years$1,758$1,152$733$455$278$181
38 years$1,692$1,095$686$420$252$161
39 years$1,631$1,041$643$387$228$144
40 years$1,572$990$603$357$207$129
41 years$1,517$943$565$329$188$115
42 years$1,464$898$530$304$171$103
43 years$1,414$856$498$281$155$92
44 years$1,366$816$467$259$141$83
45 years$1,321$778$439$239$128$74
46 years$1,278$742$412$221$116$66
47 years$1,236$708$387$204$105$59
48 years$1,197$676$364$189$96$53
49 years$1,159$645$342$174$87$47
50 years$1,123$617$321$161$79$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,150,000, adding $2,215 every year, while hoping to spend $24,237 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: 76/15/9 Blend
55$1,150,000$1,150,000$1,150,000$1,150,000
56$1,269,585$1,208,635$1,190,810$1,364,044
57$1,373,294$1,242,070$1,204,914$1,459,943
58$1,486,770$1,276,331$1,218,678$1,561,724
59$1,610,983$1,311,433$1,232,066$1,672,596
60$1,747,000$1,347,391$1,245,037$1,793,454
61$1,896,000$1,384,219$1,257,552$1,925,282
62$2,059,279$1,421,932$1,269,566$2,069,163
63$2,238,263$1,460,544$1,281,035$2,226,292
64$2,434,525$1,500,070$1,291,909$2,397,982
65$2,649,796$1,540,524$1,302,138$2,585,682
66$2,885,985$1,581,918$1,311,668$2,790,986
67$3,145,190$1,624,267$1,320,444$3,015,650
68$3,429,727$1,667,584$1,328,406$3,261,609
69$3,742,144$1,711,880$1,335,493$3,530,994
70$4,085,249$1,757,169$1,341,638$3,826,152
71$4,462,135$1,803,460$1,346,773$4,149,670
72$4,876,209$1,850,767$1,350,827$4,504,397
73$5,331,225$1,899,097$1,353,723$4,893,470
74$5,831,319$1,948,462$1,355,381$5,320,347
75$6,381,046$1,998,869$1,355,719$5,788,838
76$6,985,425$2,050,326$1,354,648$6,303,140
77$7,649,987$2,102,841$1,352,078$6,867,877
78$8,380,824$2,156,418$1,347,910$7,488,143
79$9,184,648$2,211,062$1,342,045$8,169,551
80$10,068,855$2,266,777$1,334,377$8,918,287
81$11,041,593$2,323,565$1,324,793$9,741,165
82$12,111,841$2,381,424$1,313,179$10,645,693
83$13,289,490$2,440,356$1,299,412$11,640,145
84$14,585,440$2,500,355$1,283,364$12,733,637
85$16,011,700$2,561,417$1,264,902$13,936,214
86$17,581,503$2,623,536$1,243,886$15,258,945
87$19,309,429$2,686,702$1,220,168$16,714,026
88$21,211,543$2,750,903$1,193,597$18,314,897
89$23,305,549$2,816,126$1,164,010$20,076,366
90$25,610,952$2,882,353$1,131,242$22,014,752
91$28,149,245$2,949,564$1,095,114$24,148,038
92$30,944,113$3,017,738$1,055,445$26,496,037
93$34,021,652$3,086,846$1,012,042$29,080,586
94$37,410,618$3,156,860$964,704$31,925,745
95$41,142,701$3,227,745$913,220$35,058,028
96$45,252,816$3,299,464$857,373$38,506,654
97$49,779,439$3,371,974$796,931$42,303,819
98$54,764,970$3,445,229$731,657$46,485,003
99$60,256,128$3,519,176$661,298$51,089,303
100$66,304,395$3,593,758$585,594$56,159,804