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%17.5%
1 years$111,482$110,489$109,520$108,574$107,651$104,372
2 years$55,189$54,161$53,165$52,199$51,262$47,987
3 years$36,427$35,395$34,401$33,445$32,523$29,354
4 years$27,048$26,019$25,035$24,095$23,196$20,157
5 years$21,422$20,399$19,428$18,507$17,633$14,734
6 years$17,673$16,657$15,701$14,800$13,952$11,194
7 years$14,996$13,989$13,048$12,168$11,347$8,730
8 years$12,989$11,991$11,065$10,208$9,413$6,936
9 years$11,429$10,440$9,531$8,695$7,927$5,587
10 years$10,181$9,203$8,309$7,495$6,755$4,548
11 years$9,161$8,193$7,315$6,523$5,809$3,732
12 years$8,312$7,353$6,492$5,721$5,034$3,082
13 years$7,594$6,645$5,800$5,051$4,390$2,559
14 years$6,979$6,040$5,211$4,484$3,848$2,133
15 years$6,446$5,518$4,705$3,999$3,388$1,785
16 years$5,981$5,063$4,266$3,580$2,994$1,497
17 years$5,571$4,662$3,882$3,217$2,655$1,259
18 years$5,206$4,308$3,544$2,899$2,361$1,060
19 years$4,881$3,993$3,244$2,620$2,104$895
20 years$4,588$3,710$2,977$2,373$1,880$756
21 years$4,324$3,456$2,738$2,153$1,682$639
22 years$4,084$3,226$2,524$1,958$1,508$541
23 years$3,865$3,017$2,330$1,783$1,353$459
24 years$3,665$2,827$2,155$1,626$1,216$389
25 years$3,481$2,653$1,996$1,485$1,095$330
26 years$3,311$2,493$1,851$1,358$986$280
27 years$3,154$2,347$1,719$1,243$889$238
28 years$3,009$2,211$1,598$1,139$802$202
29 years$2,874$2,086$1,487$1,044$724$172
30 years$2,748$1,970$1,385$958$654$146
31 years$2,631$1,862$1,291$880$592$124
32 years$2,521$1,762$1,205$809$535$105
33 years$2,418$1,669$1,125$744$484$90
34 years$2,321$1,582$1,051$684$439$76
35 years$2,230$1,500$983$630$397$65
36 years$2,144$1,424$919$580$360$55
37 years$2,063$1,352$861$535$326$47
38 years$1,987$1,285$806$493$296$40
39 years$1,914$1,222$755$454$268$34
40 years$1,846$1,163$708$419$243$29
41 years$1,781$1,107$664$387$221$25
42 years$1,719$1,054$622$357$200$21
43 years$1,660$1,004$584$329$182$18
44 years$1,604$957$548$304$165$15
45 years$1,551$913$515$281$150$13
46 years$1,500$871$484$259$136$11
47 years$1,451$831$454$240$123$9
48 years$1,405$793$427$222$112$8
49 years$1,361$758$401$205$102$7
50 years$1,318$724$377$189$92$6

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 $3,943 every year, while hoping to spend $22,323 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: 65/10/25 Blend
55$1,350,000$1,350,000$1,350,000$1,350,000
56$1,491,767$1,420,217$1,399,292$1,578,752
57$1,620,176$1,466,056$1,422,417$1,683,728
58$1,760,934$1,513,393$1,445,568$1,795,560
59$1,915,278$1,562,278$1,468,723$1,917,289
60$2,084,569$1,612,762$1,491,858$2,049,889
61$2,270,306$1,664,899$1,514,947$2,194,433
62$2,474,142$1,718,744$1,537,962$2,352,102
63$2,697,895$1,774,353$1,560,874$2,524,200
64$2,943,570$1,831,786$1,583,653$2,712,158
65$3,213,374$1,891,103$1,606,266$2,917,558
66$3,509,740$1,952,368$1,628,677$3,142,138
67$3,835,345$2,015,647$1,650,849$3,387,815
68$4,193,142$2,081,005$1,672,745$3,656,699
69$4,586,382$2,148,514$1,694,321$3,951,117
70$5,018,647$2,218,245$1,715,535$4,273,631
71$5,493,884$2,290,273$1,736,340$4,627,063
72$6,016,439$2,364,676$1,756,686$5,014,523
73$6,591,104$2,441,533$1,776,523$5,439,438
74$7,223,155$2,520,927$1,795,796$5,905,582
75$7,918,409$2,602,944$1,814,446$6,417,116
76$8,683,271$2,687,672$1,832,414$6,978,621
77$9,524,799$2,775,204$1,849,636$7,595,147
78$10,450,773$2,865,633$1,866,042$8,272,257
79$11,469,761$2,959,058$1,881,564$9,016,083
80$12,591,205$3,055,580$1,896,125$9,833,379
81$13,825,510$3,155,306$1,909,647$10,731,588
82$15,184,139$3,258,343$1,922,048$11,718,912
83$16,679,724$3,364,804$1,933,239$12,804,388
84$18,326,183$3,474,806$1,943,129$13,997,974
85$20,138,852$3,588,470$1,951,622$15,310,644
86$22,134,630$3,705,921$1,958,617$16,754,490
87$24,332,138$3,827,287$1,964,007$18,342,836
88$26,751,896$3,952,703$1,967,680$20,090,364
89$29,416,511$4,082,308$1,969,520$22,013,255
90$32,350,900$4,216,245$1,969,403$24,129,337
91$35,582,513$4,354,663$1,967,199$26,458,259
92$39,141,604$4,497,716$1,962,775$29,021,669
93$43,061,506$4,645,563$1,955,987$31,843,427
94$47,378,954$4,798,369$1,946,686$34,949,823
95$52,134,424$4,956,306$1,934,717$38,369,829
96$57,372,521$5,119,551$1,919,916$42,135,372
97$63,142,396$5,288,287$1,902,111$46,281,633
98$69,498,212$5,462,704$1,881,123$50,847,383
99$76,499,652$5,642,999$1,856,763$55,875,346
100$84,212,487$5,829,376$1,828,835$61,412,603