Can I retire at age 56 with 1,310,000?

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 $1,310,000?

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$108,179$107,215$106,275$105,357$104,461$103,846
2 years$53,554$52,556$51,590$50,653$49,743$49,123
3 years$35,348$34,346$33,382$32,454$31,559$30,953
4 years$26,247$25,248$24,294$23,381$22,508$21,920
5 years$20,787$19,795$18,853$17,959$17,110$16,543
6 years$17,149$16,164$15,236$14,362$13,539$12,992
7 years$14,551$13,574$12,661$11,808$11,011$10,485
8 years$12,604$11,636$10,738$9,905$9,135$8,630
9 years$11,090$10,131$9,248$8,437$7,693$7,209
10 years$9,880$8,930$8,063$7,273$6,554$6,092
11 years$8,890$7,950$7,098$6,329$5,637$5,195
12 years$8,066$7,135$6,300$5,552$4,885$4,463
13 years$7,369$6,448$5,628$4,901$4,260$3,857
14 years$6,772$5,861$5,057$4,351$3,734$3,351
15 years$6,255$5,354$4,566$3,880$3,288$2,923
16 years$5,804$4,913$4,140$3,474$2,906$2,559
17 years$5,406$4,524$3,767$3,122$2,576$2,248
18 years$5,052$4,181$3,439$2,813$2,291$1,979
19 years$4,736$3,875$3,148$2,542$2,042$1,747
20 years$4,452$3,600$2,889$2,302$1,824$1,545
21 years$4,196$3,354$2,657$2,089$1,632$1,368
22 years$3,963$3,131$2,449$1,900$1,463$1,214
23 years$3,750$2,928$2,261$1,730$1,313$1,078
24 years$3,556$2,743$2,091$1,578$1,180$959
25 years$3,377$2,574$1,937$1,441$1,062$854
26 years$3,213$2,420$1,797$1,318$957$761
27 years$3,061$2,277$1,668$1,206$863$679
28 years$2,920$2,146$1,551$1,105$778$606
29 years$2,789$2,024$1,443$1,013$703$541
30 years$2,667$1,912$1,344$930$635$483
31 years$2,553$1,807$1,253$854$574$432
32 years$2,446$1,710$1,169$785$519$386
33 years$2,346$1,619$1,092$722$470$346
34 years$2,252$1,535$1,020$664$426$309
35 years$2,164$1,456$954$611$385$277
36 years$2,081$1,382$892$563$349$248
37 years$2,002$1,312$835$519$317$222
38 years$1,928$1,247$782$478$287$199
39 years$1,858$1,186$733$441$260$178
40 years$1,791$1,128$687$407$236$160
41 years$1,728$1,074$644$375$214$143
42 years$1,668$1,023$604$346$194$128
43 years$1,611$975$567$320$176$115
44 years$1,556$929$532$295$160$103
45 years$1,505$886$500$273$145$93
46 years$1,455$845$469$252$132$83
47 years$1,408$806$441$233$120$75
48 years$1,363$770$414$215$109$67
49 years$1,320$735$389$199$99$60
50 years$1,279$702$366$184$90$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,310,000, adding $4,640 every year, while hoping to spend $32,189 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: 31/47/22 Blend
55$1,310,000$1,310,000$1,310,000$1,310,000
56$1,448,406$1,378,976$1,358,671$1,483,305
57$1,561,895$1,412,297$1,369,938$1,543,486
58$1,685,880$1,446,172$1,380,503$1,605,013
59$1,821,400$1,480,594$1,390,309$1,670,578
60$1,969,594$1,515,555$1,399,296$1,740,556
61$2,131,720$1,551,044$1,407,400$1,815,355
62$2,309,162$1,587,052$1,414,555$1,895,428
63$2,503,443$1,623,564$1,420,689$1,981,272
64$2,716,241$1,660,565$1,425,729$2,073,438
65$2,949,404$1,698,040$1,429,597$2,172,530
66$3,204,967$1,735,968$1,432,212$2,279,215
67$3,485,172$1,774,328$1,433,489$2,394,230
68$3,792,486$1,813,096$1,433,338$2,518,385
69$4,129,628$1,852,247$1,431,664$2,652,576
70$4,499,594$1,891,751$1,428,368$2,797,788
71$4,905,682$1,931,576$1,423,348$2,955,110
72$5,351,525$1,971,687$1,416,494$3,125,740
73$5,841,127$2,012,046$1,407,692$3,311,001
74$6,378,896$2,052,610$1,396,824$3,512,351
75$6,969,690$2,093,334$1,383,764$3,731,400
76$7,618,859$2,134,168$1,368,381$3,969,921
77$8,332,298$2,175,058$1,350,537$4,229,870
78$9,116,502$2,215,946$1,330,090$4,513,404
79$9,978,626$2,256,768$1,306,889$4,822,903
80$10,926,553$2,297,456$1,280,776$5,160,989
81$11,968,965$2,337,936$1,251,587$5,530,555
82$13,115,434$2,378,129$1,219,148$5,934,793
83$14,376,499$2,417,948$1,183,281$6,377,220
84$15,763,776$2,457,302$1,143,795$6,861,717
85$17,290,064$2,496,092$1,100,495$7,392,561
86$18,969,462$2,534,212$1,053,173$7,974,471
87$20,817,506$2,571,548$1,001,613$8,612,649
88$22,851,316$2,607,978$945,591$9,312,832
89$25,089,752$2,643,371$884,871$10,081,346
90$27,553,599$2,677,588$819,206$10,925,165
91$30,265,755$2,710,479$748,339$11,851,982
92$33,251,455$2,741,885$672,001$12,870,276
93$36,538,502$2,771,636$589,911$13,989,398
94$40,157,533$2,799,549$501,777$15,219,659
95$44,142,306$2,825,432$407,291$16,572,426
96$48,530,020$2,849,077$306,134$18,060,232
97$53,361,664$2,870,265$197,972$19,696,896
98$58,682,407$2,888,760$82,457$21,497,653
99$64,542,017$2,904,314$0$23,479,301
100$70,995,339$2,916,662$0$25,669,940