Can I retire at age 56 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$142,862$141,589$140,348$139,136$137,953$132,532
2 years$70,724$69,406$68,130$66,892$65,692$60,296
3 years$46,681$45,358$44,085$42,859$41,678$36,478
4 years$34,662$33,343$32,082$30,877$29,725$24,760
5 years$27,452$26,141$24,897$23,717$22,596$17,880
6 years$22,647$21,346$20,121$18,966$17,880$13,414
7 years$19,217$17,927$16,720$15,593$14,541$10,325
8 years$16,645$15,366$14,180$13,081$12,063$8,092
9 years$14,646$13,379$12,213$11,142$10,159$6,427
10 years$13,047$11,793$10,648$9,604$8,656$5,156
11 years$11,740$10,499$9,374$8,359$7,444$4,169
12 years$10,652$9,423$8,319$7,332$6,451$3,391
13 years$9,732$8,516$7,433$6,473$5,626$2,771
14 years$8,943$7,741$6,678$5,746$4,931$2,273
15 years$8,261$7,071$6,030$5,124$4,342$1,871
16 years$7,665$6,488$5,467$4,588$3,837$1,543
17 years$7,139$5,975$4,975$4,123$3,402$1,276
18 years$6,672$5,521$4,541$3,715$3,025$1,057
19 years$6,255$5,117$4,157$3,357$2,697$876
20 years$5,880$4,755$3,815$3,040$2,409$727
21 years$5,541$4,429$3,509$2,759$2,155$604
22 years$5,233$4,134$3,234$2,509$1,932$503
23 years$4,953$3,867$2,986$2,285$1,734$418
24 years$4,696$3,623$2,762$2,084$1,559$348
25 years$4,460$3,400$2,558$1,903$1,403$290
26 years$4,243$3,195$2,372$1,740$1,264$242
27 years$4,042$3,007$2,203$1,593$1,139$201
28 years$3,856$2,834$2,048$1,459$1,028$168
29 years$3,683$2,673$1,906$1,338$928$140
30 years$3,522$2,525$1,775$1,228$839$117
31 years$3,371$2,387$1,655$1,128$758$97
32 years$3,230$2,258$1,544$1,037$686$81
33 years$3,098$2,139$1,442$953$621$68
34 years$2,974$2,027$1,347$877$562$57
35 years$2,858$1,922$1,259$807$509$47
36 years$2,748$1,825$1,178$744$461$39
37 years$2,644$1,733$1,103$685$418$33
38 years$2,546$1,647$1,033$632$379$27
39 years$2,453$1,566$968$582$344$23
40 years$2,365$1,490$907$537$312$19
41 years$2,282$1,418$850$496$283$16
42 years$2,203$1,351$798$457$257$13
43 years$2,127$1,287$748$422$233$11
44 years$2,055$1,227$703$390$211$9
45 years$1,987$1,170$660$360$192$8
46 years$1,922$1,116$620$333$174$6
47 years$1,860$1,065$582$307$158$5
48 years$1,800$1,017$547$284$144$4
49 years$1,743$971$514$262$130$4
50 years$1,689$927$483$242$119$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,730,000, adding $4,786 every year, while hoping to spend $55,918 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: 65/11/24 Blend
55$1,730,000$1,730,000$1,730,000$1,730,000
56$1,911,397$1,819,707$1,792,892$2,023,425
57$2,046,863$1,849,376$1,793,457$2,129,160
58$2,194,272$1,878,625$1,792,168$2,237,954
59$2,354,785$1,907,374$1,788,902$2,355,591
60$2,529,675$1,935,538$1,783,532$2,482,941
61$2,720,347$1,963,024$1,775,926$2,620,969
62$2,928,346$1,989,736$1,765,943$2,770,734
63$3,155,373$2,015,569$1,753,438$2,933,407
64$3,403,299$2,040,409$1,738,256$3,110,277
65$3,674,185$2,064,139$1,720,236$3,302,766
66$3,970,299$2,086,629$1,699,212$3,512,445
67$4,294,139$2,107,744$1,675,005$3,741,041
68$4,648,456$2,127,337$1,647,432$3,990,464
69$5,036,276$2,145,255$1,616,299$4,262,815
70$5,460,935$2,161,331$1,581,404$4,560,415
71$5,926,105$2,175,391$1,542,535$4,885,821
72$6,435,829$2,187,246$1,499,471$5,241,853
73$6,994,560$2,196,698$1,451,980$5,631,621
74$7,607,204$2,203,535$1,399,820$6,058,554
75$8,279,162$2,207,531$1,342,737$6,526,433
76$9,016,384$2,208,448$1,280,467$7,039,427
77$9,825,425$2,206,032$1,212,732$7,602,133
78$10,713,503$2,200,012$1,139,244$8,219,618
79$11,688,570$2,190,102$1,059,698$8,897,471
80$12,759,387$2,176,000$973,780$9,641,854
81$13,935,602$2,157,381$881,159$10,459,560
82$15,227,845$2,133,905$781,491$11,358,078
83$16,647,829$2,105,209$674,414$12,345,666
84$18,208,453$2,070,910$559,552$13,431,427
85$19,923,930$2,030,600$436,512$14,625,399
86$21,809,921$1,983,849$304,885$15,938,647
87$23,883,675$1,930,200$164,241$17,383,368
88$26,164,200$1,869,170$14,133$18,973,013
89$28,672,437$1,800,248$0$20,722,405
90$31,431,458$1,722,893$0$22,685,292
91$34,466,685$1,636,532$0$24,848,581
92$37,806,124$1,540,560$0$27,228,642
93$41,480,637$1,434,336$0$29,847,504
94$45,524,227$1,317,183$0$32,729,446
95$49,974,358$1,188,385$0$35,901,219
96$54,872,313$1,047,186$0$39,392,306
97$60,263,577$892,786$0$43,235,195
98$66,198,270$724,341$0$47,465,688
99$72,731,617$540,958$0$52,123,240
100$79,924,472$341,694$0$57,251,328