Can I retire at age 56 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$121,391$120,310$119,255$118,225$117,220$112,569
2 years$60,095$58,975$57,891$56,839$55,819$51,191
3 years$39,665$38,541$37,459$36,417$35,414$30,954
4 years$29,452$28,332$27,261$26,237$25,257$21,001
5 years$23,326$22,212$21,155$20,152$19,200$15,157
6 years$19,244$18,138$17,097$16,116$15,193$11,365
7 years$16,329$15,232$14,207$13,250$12,356$8,743
8 years$14,143$13,057$12,049$11,115$10,250$6,848
9 years$12,444$11,368$10,378$9,467$8,632$5,436
10 years$11,086$10,021$9,048$8,161$7,355$4,358
11 years$9,976$8,921$7,965$7,103$6,326$3,521
12 years$9,051$8,007$7,069$6,230$5,482$2,862
13 years$8,269$7,236$6,316$5,500$4,780$2,337
14 years$7,599$6,577$5,675$4,882$4,190$1,916
15 years$7,020$6,008$5,124$4,354$3,689$1,576
16 years$6,513$5,513$4,645$3,899$3,261$1,299
17 years$6,066$5,077$4,227$3,503$2,891$1,073
18 years$5,669$4,691$3,859$3,157$2,571$888
19 years$5,315$4,348$3,532$2,852$2,291$736
20 years$4,996$4,040$3,242$2,583$2,047$610
21 years$4,708$3,763$2,982$2,345$1,831$507
22 years$4,447$3,513$2,748$2,132$1,642$421
23 years$4,208$3,286$2,538$1,942$1,474$350
24 years$3,990$3,078$2,347$1,771$1,325$291
25 years$3,790$2,889$2,174$1,617$1,192$242
26 years$3,605$2,715$2,016$1,479$1,074$202
27 years$3,435$2,555$1,872$1,353$968$168
28 years$3,276$2,408$1,740$1,240$873$140
29 years$3,129$2,271$1,619$1,137$789$117
30 years$2,992$2,145$1,508$1,044$713$97
31 years$2,864$2,028$1,406$958$644$81
32 years$2,745$1,919$1,312$881$583$68
33 years$2,633$1,817$1,225$810$527$56
34 years$2,527$1,722$1,145$745$478$47
35 years$2,428$1,633$1,070$686$433$39
36 years$2,335$1,550$1,001$632$392$33
37 years$2,247$1,473$937$582$355$27
38 years$2,163$1,399$877$537$322$23
39 years$2,084$1,331$822$495$292$19
40 years$2,010$1,266$771$456$265$16
41 years$1,939$1,205$723$421$240$13
42 years$1,872$1,148$678$389$218$11
43 years$1,808$1,094$636$359$198$9
44 years$1,747$1,042$597$331$180$8
45 years$1,689$994$561$306$163$6
46 years$1,633$948$526$283$148$5
47 years$1,580$905$495$261$134$4
48 years$1,530$864$465$241$122$4
49 years$1,481$825$437$223$111$3
50 years$1,435$788$411$206$101$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,470,000, adding $2,034 every year, while hoping to spend $52,345 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: 48/25/27 Blend
55$1,470,000$1,470,000$1,470,000$1,470,000
56$1,622,038$1,544,128$1,521,343$1,687,317
57$1,731,791$1,564,096$1,516,613$1,753,349
58$1,850,985$1,583,287$1,509,971$1,819,700
59$1,980,527$1,601,610$1,501,296$1,890,734
60$2,121,415$1,618,963$1,490,464$1,966,918
61$2,274,749$1,635,242$1,477,344$2,048,768
62$2,441,736$1,650,332$1,461,798$2,136,857
63$2,623,708$1,664,112$1,443,683$2,231,815
64$2,822,127$1,676,455$1,422,847$2,334,343
65$3,038,605$1,687,223$1,399,134$2,445,211
66$3,274,916$1,696,270$1,372,378$2,565,274
67$3,533,012$1,703,441$1,342,407$2,695,477
68$3,815,040$1,708,571$1,309,039$2,836,861
69$4,123,368$1,711,485$1,272,086$2,990,580
70$4,460,600$1,711,996$1,231,349$3,157,908
71$4,829,604$1,709,907$1,186,622$3,340,252
72$5,233,538$1,705,007$1,137,688$3,539,167
73$5,675,880$1,697,073$1,084,322$3,756,373
74$6,160,460$1,685,869$1,026,286$3,993,765
75$6,691,494$1,671,143$963,334$4,253,441
76$7,273,627$1,652,631$895,207$4,537,717
77$7,911,975$1,630,048$821,635$4,849,147
78$8,612,173$1,603,097$742,336$5,190,557
79$9,380,426$1,571,460$657,015$5,565,064
80$10,223,570$1,534,802$565,366$5,976,109
81$11,149,134$1,492,767$467,066$6,427,493
82$12,165,413$1,444,980$361,779$6,923,412
83$13,281,543$1,391,042$249,157$7,468,495
84$14,507,589$1,330,531$128,832$8,067,856
85$15,854,638$1,263,002$423$8,727,134
86$17,334,905$1,187,984$0$9,452,558
87$18,961,848$1,104,977$0$10,290,354
88$20,750,290$1,013,454$0$11,211,438
89$22,716,564$912,858$0$12,224,179
90$24,878,665$802,600$0$13,337,941
91$27,256,419$682,057$0$14,563,046
92$29,871,668$550,572$0$15,910,874
93$32,748,477$407,449$0$17,393,973
94$35,913,363$251,955$0$19,026,174
95$39,395,540$83,315$0$20,822,726
96$43,227,198$0$0$22,800,442
97$47,443,805$0$0$25,005,168
98$52,084,440$0$0$27,457,021
99$57,192,163$0$0$30,155,855
100$62,814,419$0$0$33,126,763