Can I retire at age 56 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$118,914$117,855$116,821$115,813$114,828$113,158
2 years$58,868$57,772$56,709$55,679$54,680$53,002
3 years$38,856$37,755$36,695$35,674$34,691$33,056
4 years$28,851$27,754$26,704$25,701$24,742$23,163
5 years$22,850$21,759$20,724$19,741$18,808$17,290
6 years$18,851$17,768$16,748$15,787$14,883$13,426
7 years$15,995$14,922$13,917$12,979$12,103$10,709
8 years$13,855$12,791$11,803$10,888$10,041$8,709
9 years$12,191$11,136$10,166$9,274$8,456$7,186
10 years$10,860$9,816$8,863$7,994$7,205$5,996
11 years$9,772$8,739$7,803$6,958$6,196$5,047
12 years$8,866$7,843$6,925$6,103$5,370$4,279
13 years$8,100$7,088$6,187$5,388$4,683$3,648
14 years$7,444$6,443$5,559$4,783$4,105$3,126
15 years$6,876$5,886$5,019$4,265$3,614$2,688
16 years$6,380$5,400$4,550$3,819$3,194$2,320
17 years$5,942$4,973$4,141$3,431$2,832$2,008
18 years$5,554$4,596$3,780$3,092$2,518$1,742
19 years$5,206$4,259$3,460$2,794$2,245$1,514
20 years$4,894$3,958$3,176$2,531$2,005$1,318
21 years$4,612$3,687$2,921$2,297$1,794$1,150
22 years$4,356$3,441$2,692$2,088$1,608$1,004
23 years$4,123$3,218$2,486$1,902$1,444$878
24 years$3,909$3,016$2,299$1,735$1,298$768
25 years$3,713$2,830$2,129$1,584$1,168$673
26 years$3,532$2,660$1,975$1,448$1,052$590
27 years$3,364$2,503$1,834$1,326$948$517
28 years$3,209$2,359$1,705$1,215$856$454
29 years$3,065$2,225$1,586$1,114$773$398
30 years$2,931$2,101$1,478$1,022$698$350
31 years$2,806$1,986$1,378$939$631$307
32 years$2,689$1,880$1,285$863$571$270
33 years$2,579$1,780$1,200$794$517$238
34 years$2,476$1,687$1,121$730$468$209
35 years$2,379$1,600$1,048$672$424$184
36 years$2,287$1,519$981$619$384$162
37 years$2,201$1,442$918$570$348$142
38 years$2,119$1,371$860$526$315$125
39 years$2,042$1,304$805$485$286$110
40 years$1,969$1,240$755$447$259$97
41 years$1,899$1,181$708$412$235$85
42 years$1,833$1,124$664$381$214$75
43 years$1,771$1,071$623$351$194$66
44 years$1,711$1,021$585$324$176$58
45 years$1,654$974$549$300$160$51
46 years$1,600$929$516$277$145$45
47 years$1,548$886$485$256$132$40
48 years$1,499$846$455$236$120$35
49 years$1,451$808$428$218$109$31
50 years$1,406$772$402$202$99$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,440,000, adding $5,190 every year, while hoping to spend $49,960 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: 70/14/16 Blend
55$1,440,000$1,440,000$1,440,000$1,440,000
56$1,592,233$1,515,913$1,493,593$1,697,409
57$1,701,484$1,537,036$1,490,472$1,789,163
58$1,820,204$1,557,519$1,485,571$1,883,082
59$1,949,306$1,577,279$1,478,779$1,984,594
60$2,089,795$1,596,226$1,469,978$2,094,444
61$2,242,776$1,614,263$1,459,044$2,213,448
62$2,409,466$1,631,288$1,445,848$2,342,509
63$2,591,202$1,647,192$1,430,255$2,482,621
64$2,789,459$1,661,859$1,412,123$2,634,881
65$3,005,858$1,675,163$1,391,303$2,800,496
66$3,242,183$1,686,974$1,367,639$2,980,798
67$3,500,400$1,697,150$1,340,969$3,177,256
68$3,782,672$1,705,541$1,311,123$3,391,488
69$4,091,380$1,711,988$1,277,921$3,625,279
70$4,429,147$1,716,322$1,241,178$3,880,596
71$4,798,860$1,718,362$1,200,697$4,159,608
72$5,203,699$1,717,917$1,156,276$4,464,706
73$5,647,165$1,714,784$1,107,700$4,798,527
74$6,133,115$1,708,747$1,054,747$5,163,975
75$6,665,794$1,699,578$997,183$5,564,256
76$7,249,881$1,687,033$934,764$6,002,901
77$7,890,526$1,670,854$867,236$6,483,805
78$8,593,403$1,650,770$794,332$7,011,260
79$9,364,762$1,626,489$715,774$7,589,998
80$10,211,487$1,597,707$631,271$8,225,238
81$11,141,161$1,564,096$540,521$8,922,732
82$12,162,136$1,525,314$443,205$9,688,820
83$13,283,615$1,480,996$338,994$10,530,492
84$14,515,735$1,430,756$227,542$11,455,454
85$15,869,663$1,374,185$108,487$12,472,203
86$17,357,700$1,310,852$0$13,590,101
87$18,993,402$1,240,300$0$14,822,644
88$20,791,700$1,162,045$0$16,198,011
89$22,769,044$1,075,577$0$17,710,277
90$24,943,560$980,354$0$19,373,345
91$27,335,217$875,805$0$21,202,535
92$29,966,017$761,327$0$23,214,729
93$32,860,200$636,282$0$25,428,532
94$36,044,476$499,995$0$27,864,450
95$39,548,273$351,755$0$30,545,077
96$43,404,016$190,810$0$33,495,316
97$47,647,432$16,367$0$36,742,610
98$52,317,887$0$0$40,317,201
99$57,458,757$0$0$44,278,981
100$63,117,835$0$0$48,642,986