Can I retire at age 56 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$126,346$125,221$124,123$123,051$122,004$117,442
2 years$62,548$61,383$60,254$59,159$58,097$53,553
3 years$41,284$40,114$38,988$37,904$36,859$32,476
4 years$30,655$29,488$28,373$27,308$26,288$22,100
5 years$24,278$23,119$22,019$20,975$19,984$16,001
6 years$20,029$18,878$17,795$16,774$15,813$12,037
7 years$16,995$15,854$14,787$13,791$12,860$9,292
8 years$14,721$13,590$12,541$11,569$10,669$7,304
9 years$12,952$11,832$10,801$9,854$8,984$5,819
10 years$11,539$10,430$9,417$8,494$7,655$4,683
11 years$10,383$9,285$8,291$7,392$6,584$3,799
12 years$9,420$8,334$7,358$6,484$5,705$3,100
13 years$8,606$7,531$6,574$5,725$4,975$2,542
14 years$7,910$6,846$5,906$5,082$4,361$2,093
15 years$7,306$6,254$5,333$4,532$3,840$1,729
16 years$6,778$5,738$4,835$4,058$3,394$1,431
17 years$6,313$5,284$4,399$3,646$3,009$1,188
18 years$5,901$4,883$4,016$3,286$2,676$987
19 years$5,532$4,525$3,677$2,969$2,385$822
20 years$5,200$4,205$3,374$2,689$2,130$685
21 years$4,900$3,917$3,104$2,440$1,906$571
22 years$4,628$3,656$2,860$2,219$1,709$477
23 years$4,380$3,420$2,641$2,021$1,534$398
24 years$4,153$3,204$2,443$1,843$1,379$333
25 years$3,945$3,007$2,262$1,683$1,241$278
26 years$3,752$2,826$2,098$1,539$1,117$233
27 years$3,575$2,660$1,948$1,409$1,007$195
28 years$3,410$2,506$1,811$1,291$909$163
29 years$3,257$2,364$1,686$1,184$821$137
30 years$3,114$2,233$1,570$1,086$742$114
31 years$2,981$2,111$1,464$998$671$96
32 years$2,857$1,997$1,366$917$607$80
33 years$2,740$1,891$1,275$843$549$67
34 years$2,630$1,793$1,191$776$497$56
35 years$2,527$1,700$1,114$714$450$47
36 years$2,430$1,614$1,042$658$408$40
37 years$2,338$1,533$975$606$370$33
38 years$2,252$1,457$913$559$335$28
39 years$2,170$1,385$856$515$304$23
40 years$2,092$1,318$802$475$276$20
41 years$2,018$1,254$752$438$250$16
42 years$1,948$1,195$705$404$227$14
43 years$1,881$1,138$662$373$206$11
44 years$1,818$1,085$621$345$187$10
45 years$1,757$1,035$583$318$170$8
46 years$1,700$987$548$294$154$7
47 years$1,645$942$515$272$140$6
48 years$1,592$899$484$251$127$5
49 years$1,542$859$455$232$115$4
50 years$1,494$820$428$214$105$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,530,000, adding $5,759 every year, while hoping to spend $58,381 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: 53/33/14 Blend
55$1,530,000$1,530,000$1,530,000$1,530,000
56$1,692,000$1,610,910$1,587,195$1,775,085
57$1,802,468$1,627,728$1,578,250$1,849,231
58$1,922,246$1,643,413$1,567,047$1,923,144
59$2,052,223$1,657,848$1,553,451$2,002,239
60$2,193,376$1,670,909$1,537,318$2,087,024
61$2,346,779$1,682,462$1,518,497$2,178,057
62$2,513,614$1,692,367$1,496,830$2,275,959
63$2,695,181$1,700,471$1,472,153$2,381,411
64$2,892,911$1,706,616$1,444,292$2,495,170
65$3,108,379$1,710,631$1,413,066$2,618,070
66$3,343,316$1,712,335$1,378,287$2,751,033
67$3,599,631$1,711,536$1,339,756$2,895,078
68$3,879,421$1,708,029$1,297,266$3,051,331
69$4,184,998$1,701,599$1,250,600$3,221,034
70$4,518,905$1,692,014$1,199,532$3,405,561
71$4,883,942$1,679,031$1,143,825$3,606,430
72$5,283,192$1,662,392$1,083,232$3,825,315
73$5,720,050$1,641,821$1,017,492$4,064,067
74$6,198,254$1,617,029$946,337$4,324,729
75$6,721,919$1,587,707$869,482$4,609,559
76$7,295,579$1,553,529$786,634$4,921,048
77$7,924,225$1,514,148$697,483$5,261,948
78$8,613,354$1,469,200$601,707$5,635,295
79$9,369,022$1,418,296$498,969$6,044,445
80$10,197,896$1,361,026$388,919$6,493,100
81$11,107,322$1,296,958$271,189$6,985,345
82$12,105,391$1,225,631$145,396$7,525,694
83$13,201,015$1,146,560$11,140$8,119,124
84$14,404,009$1,059,233$0$8,771,133
85$15,725,188$963,105$0$9,507,524
86$17,176,465$857,605$0$10,318,310
87$18,770,962$742,125$0$11,209,281
88$20,523,137$616,026$0$12,188,658
89$22,448,915$478,630$0$13,265,509
90$24,565,845$329,223$0$14,449,834
91$26,893,256$167,049$0$15,752,662
92$29,452,446$0$0$17,186,156
93$32,266,880$0$0$18,766,884
94$35,362,410$0$0$20,572,374
95$38,767,521$0$0$22,558,598
96$42,513,594$0$0$24,743,885
97$46,635,208$0$0$27,148,427
98$51,170,461$0$0$29,794,473
99$56,161,331$0$0$32,706,538
100$61,654,072$0$0$35,911,634