Can I retire at age 56 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$111,482$110,489$109,520$108,574$107,651$107,152
2 years$55,189$54,161$53,165$52,199$51,262$50,759
3 years$36,427$35,395$34,401$33,445$32,523$32,030
4 years$27,048$26,019$25,035$24,095$23,196$22,718
5 years$21,422$20,399$19,428$18,507$17,633$17,171
6 years$17,673$16,657$15,701$14,800$13,952$13,507
7 years$14,996$13,989$13,048$12,168$11,347$10,919
8 years$12,989$11,991$11,065$10,208$9,413$9,002
9 years$11,429$10,440$9,531$8,695$7,927$7,533
10 years$10,181$9,203$8,309$7,495$6,755$6,377
11 years$9,161$8,193$7,315$6,523$5,809$5,448
12 years$8,312$7,353$6,492$5,721$5,034$4,689
13 years$7,594$6,645$5,800$5,051$4,390$4,061
14 years$6,979$6,040$5,211$4,484$3,848$3,534
15 years$6,446$5,518$4,705$3,999$3,388$3,090
16 years$5,981$5,063$4,266$3,580$2,994$2,711
17 years$5,571$4,662$3,882$3,217$2,655$2,385
18 years$5,206$4,308$3,544$2,899$2,361$2,105
19 years$4,881$3,993$3,244$2,620$2,104$1,862
20 years$4,588$3,710$2,977$2,373$1,880$1,650
21 years$4,324$3,456$2,738$2,153$1,682$1,465
22 years$4,084$3,226$2,524$1,958$1,508$1,302
23 years$3,865$3,017$2,330$1,783$1,353$1,160
24 years$3,665$2,827$2,155$1,626$1,216$1,034
25 years$3,481$2,653$1,996$1,485$1,095$922
26 years$3,311$2,493$1,851$1,358$986$824
27 years$3,154$2,347$1,719$1,243$889$736
28 years$3,009$2,211$1,598$1,139$802$659
29 years$2,874$2,086$1,487$1,044$724$590
30 years$2,748$1,970$1,385$958$654$528
31 years$2,631$1,862$1,291$880$592$473
32 years$2,521$1,762$1,205$809$535$424
33 years$2,418$1,669$1,125$744$484$381
34 years$2,321$1,582$1,051$684$439$341
35 years$2,230$1,500$983$630$397$306
36 years$2,144$1,424$919$580$360$275
37 years$2,063$1,352$861$535$326$247
38 years$1,987$1,285$806$493$296$222
39 years$1,914$1,222$755$454$268$199
40 years$1,846$1,163$708$419$243$179
41 years$1,781$1,107$664$387$221$161
42 years$1,719$1,054$622$357$200$145
43 years$1,660$1,004$584$329$182$130
44 years$1,604$957$548$304$165$117
45 years$1,551$913$515$281$150$105
46 years$1,500$871$484$259$136$95
47 years$1,451$831$454$240$123$85
48 years$1,405$793$427$222$112$77
49 years$1,361$758$401$205$102$69
50 years$1,318$724$377$189$92$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,350,000, adding $2,196 every year, while hoping to spend $45,171 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: 63/17/20 Blend
55$1,350,000$1,350,000$1,350,000$1,350,000
56$1,489,965$1,418,415$1,397,490$1,576,051
57$1,593,880$1,439,856$1,396,245$1,655,751
58$1,706,880$1,460,833$1,393,443$1,737,485
59$1,829,845$1,481,277$1,388,986$1,825,702
60$1,963,741$1,501,112$1,382,769$1,921,041
61$2,109,633$1,520,257$1,374,683$2,024,202
62$2,268,692$1,538,626$1,364,611$2,135,961
63$2,442,208$1,556,127$1,352,434$2,257,169
64$2,631,598$1,572,662$1,338,026$2,388,771
65$2,838,425$1,588,127$1,321,254$2,531,803
66$3,064,408$1,602,409$1,301,980$2,687,410
67$3,311,440$1,615,389$1,280,058$2,856,857
68$3,581,605$1,626,941$1,255,338$3,041,536
69$3,877,197$1,636,930$1,227,661$3,242,983
70$4,200,743$1,645,211$1,196,859$3,462,892
71$4,555,025$1,651,633$1,162,760$3,703,133
72$4,943,107$1,656,032$1,125,182$3,965,765
73$5,368,362$1,658,236$1,083,934$4,253,061
74$5,834,507$1,658,061$1,038,817$4,567,527
75$6,345,633$1,655,313$989,624$4,911,927
76$6,906,249$1,649,785$936,138$5,289,308
77$7,521,318$1,641,256$878,130$5,703,031
78$8,196,309$1,629,494$815,364$6,156,802
79$8,937,246$1,614,252$747,592$6,654,709
80$9,750,762$1,595,268$674,554$7,201,256
81$10,644,168$1,572,265$595,980$7,801,413
82$11,625,515$1,544,947$511,586$8,460,660
83$12,703,671$1,513,003$421,078$9,185,037
84$13,888,409$1,476,103$324,148$9,981,206
85$15,190,492$1,433,898$220,472$10,856,511
86$16,621,780$1,386,016$109,715$11,819,051
87$18,195,337$1,332,067$0$12,877,754
88$19,925,559$1,271,636$0$14,044,274
89$21,828,304$1,204,284$0$15,352,758
90$23,921,044$1,129,547$0$16,791,816
91$26,223,031$1,046,935$0$18,374,724
92$28,755,475$955,930$0$20,116,116
93$31,541,745$855,982$0$22,032,117
94$34,607,591$746,514$0$24,140,501
95$37,981,384$626,912$0$26,460,854
96$41,694,384$496,529$0$29,014,764
97$45,781,036$354,684$0$31,826,020
98$50,279,291$200,653$0$34,920,844
99$55,230,969$33,675$0$38,328,131
100$60,682,149$0$0$42,079,728