Can I retire at age 56 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$109,830$108,852$107,897$106,966$106,056$104,385
2 years$54,371$53,359$52,377$51,426$50,503$48,824
3 years$35,888$34,871$33,892$32,949$32,041$30,406
4 years$26,647$25,634$24,664$23,738$22,852$21,274
5 years$21,105$20,097$19,141$18,233$17,372$15,854
6 years$17,411$16,411$15,468$14,581$13,746$12,291
7 years$14,773$13,782$12,854$11,988$11,179$9,788
8 years$12,796$11,813$10,902$10,056$9,274$7,946
9 years$11,259$10,286$9,389$8,566$7,810$6,545
10 years$10,030$9,066$8,186$7,384$6,655$5,451
11 years$9,026$8,071$7,207$6,426$5,723$4,580
12 years$8,189$7,244$6,396$5,637$4,960$3,875
13 years$7,481$6,547$5,714$4,976$4,325$3,298
14 years$6,876$5,951$5,134$4,417$3,791$2,819
15 years$6,351$5,436$4,636$3,939$3,338$2,420
16 years$5,892$4,988$4,203$3,527$2,950$2,084
17 years$5,488$4,593$3,824$3,169$2,616$1,800
18 years$5,129$4,244$3,491$2,856$2,326$1,558
19 years$4,809$3,934$3,196$2,581$2,073$1,351
20 years$4,520$3,655$2,933$2,337$1,852$1,174
21 years$4,260$3,405$2,698$2,121$1,657$1,022
22 years$4,023$3,178$2,487$1,929$1,485$890
23 years$3,808$2,973$2,296$1,757$1,333$776
24 years$3,610$2,785$2,123$1,602$1,198$678
25 years$3,429$2,614$1,967$1,463$1,078$592
26 years$3,262$2,457$1,824$1,338$971$518
27 years$3,107$2,312$1,694$1,225$876$453
28 years$2,964$2,178$1,574$1,122$790$397
29 years$2,831$2,055$1,465$1,029$714$347
30 years$2,707$1,941$1,365$944$645$304
31 years$2,592$1,835$1,272$867$583$267
32 years$2,483$1,736$1,187$797$527$234
33 years$2,382$1,644$1,108$733$477$205
34 years$2,287$1,558$1,036$674$432$180
35 years$2,197$1,478$968$621$391$158
36 years$2,112$1,403$906$572$355$139
37 years$2,033$1,332$848$527$321$122
38 years$1,957$1,266$794$486$291$107
39 years$1,886$1,204$744$448$264$94
40 years$1,818$1,146$697$413$240$82
41 years$1,754$1,090$654$381$217$72
42 years$1,693$1,038$613$352$197$63
43 years$1,635$989$575$325$179$56
44 years$1,580$943$540$300$163$49
45 years$1,528$899$507$277$148$43
46 years$1,478$858$476$256$134$38
47 years$1,430$819$448$236$122$33
48 years$1,384$782$421$218$110$29
49 years$1,340$746$395$202$100$26
50 years$1,299$713$372$186$91$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,330,000, adding $3,826 every year, while hoping to spend $59,066 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: 56/20/24 Blend
55$1,330,000$1,330,000$1,330,000$1,330,000
56$1,469,607$1,399,117$1,378,502$1,542,086
57$1,556,661$1,404,827$1,361,836$1,597,880
58$1,650,615$1,408,839$1,342,632$1,652,087
59$1,752,110$1,411,004$1,320,742$1,709,900
60$1,861,851$1,411,170$1,296,014$1,771,683
61$1,980,614$1,409,171$1,268,284$1,837,839
62$2,109,249$1,404,833$1,237,384$1,908,815
63$2,248,693$1,397,970$1,203,137$1,985,108
64$2,399,976$1,388,387$1,165,358$2,067,265
65$2,564,230$1,375,874$1,123,854$2,155,894
66$2,742,701$1,360,212$1,078,423$2,251,668
67$2,936,759$1,341,165$1,028,852$2,355,330
68$3,147,912$1,318,485$974,922$2,467,703
69$3,377,817$1,291,909$916,400$2,589,700
70$3,628,301$1,261,159$853,046$2,722,328
71$3,901,371$1,225,939$784,607$2,866,702
72$4,199,238$1,185,938$710,818$3,024,056
73$4,524,336$1,140,824$631,406$3,195,755
74$4,879,342$1,090,248$546,082$3,383,305
75$5,267,204$1,033,840$454,545$3,588,375
76$5,691,169$971,208$356,483$3,812,808
77$6,154,810$901,939$251,566$4,058,641
78$6,662,061$825,594$139,454$4,328,126
79$7,217,254$741,711$19,789$4,623,752
80$7,825,161$649,802$0$4,948,267
81$8,491,034$549,349$0$5,332,343
82$9,220,659$439,807$0$5,758,906
83$10,020,407$320,598$0$6,226,693
84$10,897,296$191,115$0$6,739,905
85$11,859,054$50,713$0$7,303,177
86$12,914,193$0$0$7,921,619
87$14,072,091$0$0$8,623,156
88$15,343,074$0$0$9,405,584
89$16,738,520$0$0$10,264,759
90$18,270,961$0$0$11,208,414
91$19,954,201$0$0$12,245,066
92$21,803,450$0$0$13,384,099
93$23,835,461$0$0$14,635,849
94$26,068,690$0$0$16,011,705
95$28,523,473$0$0$17,524,212
96$31,222,210$0$0$19,187,194
97$34,189,582$0$0$21,015,878
98$37,452,782$0$0$23,027,043
99$41,041,768$0$0$25,239,175
100$44,989,548$0$0$27,672,640