Can I retire at age 56 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$136,255$135,042$133,858$132,702$131,573$126,503
2 years$67,453$66,197$64,979$63,799$62,654$57,606
3 years$44,522$43,260$42,046$40,877$39,750$34,884
4 years$33,059$31,801$30,599$29,449$28,350$23,702
5 years$26,183$24,932$23,746$22,620$21,551$17,134
6 years$21,600$20,359$19,190$18,089$17,053$12,869
7 years$18,328$17,098$15,947$14,872$13,869$9,916
8 years$15,875$14,656$13,524$12,476$11,505$7,781
9 years$13,968$12,761$11,649$10,627$9,689$6,188
10 years$12,444$11,248$10,156$9,160$8,256$4,970
11 years$11,197$10,013$8,941$7,972$7,100$4,024
12 years$10,159$8,987$7,935$6,993$6,153$3,277
13 years$9,281$8,122$7,089$6,174$5,365$2,682
14 years$8,530$7,383$6,370$5,480$4,703$2,203
15 years$7,879$6,744$5,751$4,887$4,141$1,816
16 years$7,310$6,188$5,214$4,376$3,660$1,500
17 years$6,809$5,699$4,745$3,932$3,245$1,242
18 years$6,363$5,266$4,331$3,543$2,885$1,030
19 years$5,966$4,880$3,965$3,202$2,572$855
20 years$5,608$4,535$3,639$2,900$2,297$711
21 years$5,285$4,224$3,347$2,632$2,056$592
22 years$4,991$3,943$3,085$2,393$1,843$493
23 years$4,724$3,688$2,848$2,179$1,654$411
24 years$4,479$3,455$2,634$1,988$1,487$343
25 years$4,254$3,243$2,440$1,815$1,338$286
26 years$4,047$3,048$2,263$1,660$1,205$239
27 years$3,855$2,868$2,101$1,519$1,086$199
28 years$3,677$2,703$1,953$1,392$980$166
29 years$3,512$2,550$1,818$1,276$885$139
30 years$3,359$2,408$1,693$1,171$800$116
31 years$3,215$2,276$1,578$1,076$723$97
32 years$3,081$2,154$1,473$989$654$81
33 years$2,955$2,040$1,375$909$592$68
34 years$2,837$1,933$1,285$837$536$57
35 years$2,725$1,834$1,201$770$485$47
36 years$2,621$1,740$1,124$709$440$40
37 years$2,522$1,653$1,052$653$399$33
38 years$2,428$1,571$985$602$361$28
39 years$2,340$1,494$923$555$328$23
40 years$2,256$1,421$865$512$297$19
41 years$2,176$1,353$811$473$270$16
42 years$2,101$1,288$761$436$245$13
43 years$2,029$1,228$714$403$222$11
44 years$1,960$1,170$670$372$202$9
45 years$1,895$1,116$629$343$183$8
46 years$1,833$1,064$591$317$166$7
47 years$1,774$1,016$555$293$151$6
48 years$1,717$970$522$271$137$5
49 years$1,663$926$490$250$124$4
50 years$1,611$885$461$231$113$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,650,000, adding $6,847 every year, while hoping to spend $28,221 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: 37/35/28 Blend
55$1,650,000$1,650,000$1,650,000$1,650,000
56$1,825,363$1,737,913$1,712,338$1,877,410
57$1,981,523$1,793,043$1,739,674$1,971,619
58$2,152,665$1,849,930$1,766,980$2,070,249
59$2,340,289$1,908,628$1,794,226$2,176,248
60$2,546,043$1,969,196$1,821,378$2,290,302
61$2,771,747$2,031,694$1,848,401$2,413,163
62$3,019,402$2,096,183$1,875,259$2,545,660
63$3,291,212$2,162,728$1,901,912$2,688,704
64$3,589,609$2,231,394$1,928,318$2,843,298
65$3,917,266$2,302,250$1,954,434$3,010,545
66$4,277,132$2,375,365$1,980,213$3,191,658
67$4,672,455$2,450,813$2,005,605$3,387,976
68$5,106,810$2,528,668$2,030,558$3,600,968
69$5,584,139$2,609,007$2,055,016$3,832,254
70$6,108,784$2,691,911$2,078,921$4,083,617
71$6,685,526$2,777,461$2,102,212$4,357,019
72$7,319,637$2,865,743$2,124,823$4,654,620
73$8,016,920$2,956,845$2,146,685$4,978,802
74$8,783,773$3,050,858$2,167,726$5,332,184
75$9,627,242$3,147,874$2,187,869$5,717,652
76$10,555,092$3,247,991$2,207,034$6,138,384
77$11,575,878$3,351,309$2,225,136$6,597,880
78$12,699,025$3,457,931$2,242,086$7,099,996
79$13,934,919$3,567,963$2,257,789$7,648,979
80$15,295,003$3,681,516$2,272,147$8,249,505
81$16,791,886$3,798,702$2,285,056$8,906,729
82$18,439,459$3,919,639$2,296,406$9,626,325
83$20,253,031$4,044,449$2,306,083$10,414,547
84$22,249,469$4,173,255$2,313,966$11,278,283
85$24,447,358$4,306,188$2,319,927$12,225,122
86$26,867,178$4,443,381$2,323,834$13,263,425
87$29,531,494$4,584,971$2,325,547$14,402,403
88$32,465,173$4,731,101$2,324,919$15,652,205
89$35,695,613$4,881,917$2,321,796$17,024,012
90$39,253,006$5,037,571$2,316,016$18,530,144
91$43,170,621$5,198,221$2,307,411$20,184,174
92$47,485,118$5,364,027$2,295,803$22,001,058
93$52,236,893$5,535,157$2,281,005$23,997,275
94$57,470,460$5,711,784$2,262,823$26,190,982
95$63,234,871$5,894,085$2,241,052$28,602,186
96$69,584,178$6,082,246$2,215,478$31,252,933
97$76,577,945$6,276,457$2,185,876$34,167,514
98$84,281,805$6,476,913$2,152,013$37,372,694
99$92,768,086$6,683,818$2,113,642$40,897,968
100$102,116,487$6,897,382$2,070,506$44,775,837