Can I retire at age 56 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$104,875$103,941$103,030$102,140$101,272$100,676
2 years$51,919$50,952$50,014$49,106$48,225$47,623
3 years$34,269$33,297$32,363$31,463$30,596$30,008
4 years$25,445$24,477$23,552$22,667$21,821$21,251
5 years$20,153$19,190$18,277$17,410$16,588$16,037
6 years$16,625$15,670$14,771$13,923$13,126$12,595
7 years$14,107$13,160$12,274$11,447$10,675$10,165
8 years$12,219$11,281$10,410$9,603$8,856$8,366
9 years$10,751$9,822$8,966$8,179$7,458$6,989
10 years$9,578$8,657$7,817$7,051$6,354$5,906
11 years$8,618$7,707$6,882$6,136$5,465$5,036
12 years$7,819$6,918$6,107$5,382$4,736$4,326
13 years$7,144$6,251$5,456$4,752$4,130$3,739
14 years$6,565$5,682$4,903$4,218$3,620$3,248
15 years$6,064$5,191$4,426$3,762$3,187$2,834
16 years$5,627$4,763$4,013$3,368$2,817$2,481
17 years$5,241$4,386$3,652$3,026$2,498$2,179
18 years$4,898$4,053$3,334$2,727$2,221$1,919
19 years$4,592$3,756$3,052$2,464$1,980$1,693
20 years$4,316$3,491$2,801$2,232$1,768$1,498
21 years$4,068$3,251$2,576$2,026$1,582$1,327
22 years$3,842$3,035$2,374$1,842$1,418$1,177
23 years$3,636$2,839$2,192$1,677$1,273$1,046
24 years$3,447$2,660$2,028$1,530$1,144$930
25 years$3,274$2,496$1,878$1,397$1,030$828
26 years$3,115$2,346$1,742$1,277$928$738
27 years$2,967$2,208$1,617$1,169$836$658
28 years$2,831$2,080$1,503$1,071$755$587
29 years$2,704$1,962$1,399$982$681$524
30 years$2,585$1,853$1,303$902$616$468
31 years$2,475$1,752$1,215$828$557$419
32 years$2,371$1,658$1,134$761$503$374
33 years$2,274$1,570$1,058$700$456$335
34 years$2,183$1,488$989$644$413$300
35 years$2,098$1,411$925$593$374$268
36 years$2,017$1,339$865$546$339$240
37 years$1,941$1,272$810$503$307$215
38 years$1,869$1,209$758$464$278$193
39 years$1,801$1,150$710$427$252$173
40 years$1,736$1,094$666$394$229$155
41 years$1,675$1,041$624$364$208$139
42 years$1,617$992$586$336$188$125
43 years$1,562$945$549$310$171$112
44 years$1,509$901$516$286$155$100
45 years$1,459$859$484$264$141$90
46 years$1,411$819$455$244$128$81
47 years$1,365$782$427$226$116$72
48 years$1,322$746$402$208$105$65
49 years$1,280$713$377$193$96$58
50 years$1,240$681$355$178$87$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,270,000, adding $3,279 every year, while hoping to spend $20,149 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: 62/22/16 Blend
55$1,270,000$1,270,000$1,270,000$1,270,000
56$1,402,922$1,335,612$1,315,927$1,484,098
57$1,524,582$1,379,619$1,338,572$1,583,092
58$1,657,976$1,425,107$1,361,301$1,688,541
59$1,804,279$1,472,126$1,384,094$1,803,177
60$1,964,787$1,520,732$1,406,933$1,927,893
61$2,140,925$1,570,978$1,429,795$2,063,673
62$2,334,265$1,622,921$1,452,659$2,211,600
63$2,546,537$1,676,621$1,475,500$2,372,865
64$2,779,647$1,732,139$1,498,292$2,548,781
65$3,035,695$1,789,539$1,521,010$2,740,793
66$3,316,995$1,848,885$1,543,623$2,950,493
67$3,626,095$1,910,247$1,566,100$3,179,631
68$3,965,802$1,973,694$1,588,410$3,430,137
69$4,339,210$2,039,301$1,610,517$3,704,136
70$4,749,725$2,107,142$1,632,385$4,003,966
71$5,201,102$2,177,297$1,653,975$4,332,206
72$5,697,477$2,249,847$1,675,246$4,691,692
73$6,243,407$2,324,877$1,696,154$5,085,552
74$6,843,912$2,402,474$1,716,653$5,517,227
75$7,504,525$2,482,729$1,736,695$5,990,510
76$8,231,341$2,565,737$1,756,228$6,509,579
77$9,031,074$2,651,594$1,775,198$7,079,037
78$9,911,124$2,740,403$1,793,548$7,703,952
79$10,879,644$2,832,268$1,811,217$8,389,909
80$11,945,617$2,927,299$1,828,142$9,143,060
81$13,118,941$3,025,608$1,844,256$9,970,184
82$14,410,523$3,127,312$1,859,489$10,878,747
83$15,832,379$3,232,534$1,873,765$11,876,976
84$17,397,753$3,341,399$1,887,007$12,973,936
85$19,121,234$3,454,038$1,899,132$14,179,611
86$21,018,902$3,570,587$1,910,054$15,505,004
87$23,108,471$3,691,187$1,919,683$16,962,238
88$25,409,464$3,815,985$1,927,921$18,564,667
89$27,943,392$3,945,131$1,934,669$20,327,008
90$30,733,959$4,078,783$1,939,821$22,265,476
91$33,807,284$4,217,105$1,943,267$24,397,936
92$37,192,151$4,360,266$1,944,890$26,744,073
93$40,920,274$4,508,443$1,944,567$29,325,577
94$45,026,603$4,661,818$1,942,171$32,166,349
95$49,549,650$4,820,581$1,937,568$35,292,723
96$54,531,853$4,984,928$1,930,615$38,733,716
97$60,019,978$5,155,065$1,921,167$42,521,304
98$66,065,556$5,331,204$1,909,066$46,690,719
99$72,725,375$5,513,566$1,894,152$51,280,784
100$80,062,011$5,702,378$1,876,254$56,334,279