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%12.4%
1 years$111,482$110,489$109,520$108,574$107,651$106,571
2 years$55,189$54,161$53,165$52,199$51,262$50,175
3 years$36,427$35,395$34,401$33,445$32,523$31,461
4 years$27,048$26,019$25,035$24,095$23,196$22,168
5 years$21,422$20,399$19,428$18,507$17,633$16,643
6 years$17,673$16,657$15,701$14,800$13,952$13,000
7 years$14,996$13,989$13,048$12,168$11,347$10,434
8 years$12,989$11,991$11,065$10,208$9,413$8,539
9 years$11,429$10,440$9,531$8,695$7,927$7,091
10 years$10,181$9,203$8,309$7,495$6,755$5,956
11 years$9,161$8,193$7,315$6,523$5,809$5,048
12 years$8,312$7,353$6,492$5,721$5,034$4,310
13 years$7,594$6,645$5,800$5,051$4,390$3,701
14 years$6,979$6,040$5,211$4,484$3,848$3,194
15 years$6,446$5,518$4,705$3,999$3,388$2,768
16 years$5,981$5,063$4,266$3,580$2,994$2,407
17 years$5,571$4,662$3,882$3,217$2,655$2,099
18 years$5,206$4,308$3,544$2,899$2,361$1,835
19 years$4,881$3,993$3,244$2,620$2,104$1,608
20 years$4,588$3,710$2,977$2,373$1,880$1,412
21 years$4,324$3,456$2,738$2,153$1,682$1,242
22 years$4,084$3,226$2,524$1,958$1,508$1,093
23 years$3,865$3,017$2,330$1,783$1,353$964
24 years$3,665$2,827$2,155$1,626$1,216$851
25 years$3,481$2,653$1,996$1,485$1,095$751
26 years$3,311$2,493$1,851$1,358$986$664
27 years$3,154$2,347$1,719$1,243$889$588
28 years$3,009$2,211$1,598$1,139$802$520
29 years$2,874$2,086$1,487$1,044$724$461
30 years$2,748$1,970$1,385$958$654$409
31 years$2,631$1,862$1,291$880$592$362
32 years$2,521$1,762$1,205$809$535$321
33 years$2,418$1,669$1,125$744$484$285
34 years$2,321$1,582$1,051$684$439$253
35 years$2,230$1,500$983$630$397$225
36 years$2,144$1,424$919$580$360$200
37 years$2,063$1,352$861$535$326$177
38 years$1,987$1,285$806$493$296$157
39 years$1,914$1,222$755$454$268$140
40 years$1,846$1,163$708$419$243$124
41 years$1,781$1,107$664$387$221$110
42 years$1,719$1,054$622$357$200$98
43 years$1,660$1,004$584$329$182$87
44 years$1,604$957$548$304$165$78
45 years$1,551$913$515$281$150$69
46 years$1,500$871$484$259$136$61
47 years$1,451$831$454$240$123$55
48 years$1,405$793$427$222$112$49
49 years$1,361$758$401$205$102$43
50 years$1,318$724$377$189$92$38

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 $6,173 every year, while hoping to spend $58,892 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: 76/17/7 Blend
55$1,350,000$1,350,000$1,350,000$1,350,000
56$1,494,067$1,422,517$1,401,592$1,605,826
57$1,583,802$1,429,560$1,385,885$1,687,187
58$1,680,715$1,434,974$1,367,678$1,768,176
59$1,785,478$1,438,617$1,346,825$1,855,238
60$1,898,826$1,440,339$1,323,173$1,948,950
61$2,021,569$1,439,979$1,296,562$2,049,952
62$2,154,598$1,437,367$1,266,826$2,158,946
63$2,298,891$1,432,321$1,233,788$2,276,708
64$2,455,524$1,424,651$1,197,266$2,404,091
65$2,625,681$1,414,153$1,157,069$2,542,037
66$2,810,665$1,400,611$1,112,995$2,691,584
67$3,011,907$1,383,796$1,064,835$2,853,876
68$3,230,985$1,363,465$1,012,370$3,030,175
69$3,469,633$1,339,362$955,372$3,221,870
70$3,729,759$1,311,214$893,600$3,430,495
71$4,013,464$1,278,733$826,805$3,657,739
72$4,323,059$1,241,613$754,725$3,905,466
73$4,661,091$1,199,532$677,088$4,175,730
74$5,030,359$1,152,146$593,608$4,470,796
75$5,433,949$1,099,095$503,987$4,793,162
76$5,875,256$1,039,994$407,914$5,145,579
77$6,358,017$974,439$305,065$5,531,084
78$6,886,351$902,002$195,100$5,953,025
79$7,464,788$822,230$77,666$6,415,090
80$8,098,321$734,644$0$6,921,349
81$8,792,446$638,738$0$7,479,846
82$9,553,217$533,978$0$8,098,391
83$10,387,301$419,798$0$8,776,660
84$11,302,041$295,603$0$9,520,695
85$12,305,524$160,762$0$10,337,158
86$13,406,658$14,611$0$11,233,391
87$14,615,256$0$0$12,217,488
88$15,942,127$0$0$13,325,222
89$17,399,176$0$0$14,544,691
90$18,999,519$0$0$15,884,145
91$20,757,604$0$0$17,355,684
92$22,689,348$0$0$18,972,637
93$24,812,285$0$0$20,749,690
94$27,145,734$0$0$22,703,021
95$29,710,977$0$0$24,850,453
96$32,531,460$0$0$27,211,621
97$35,633,016$0$0$29,808,162
98$39,044,106$0$0$32,663,909
99$42,796,088$0$0$35,805,125
100$46,923,511$0$0$39,260,745