Can I retire at age 56 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$144,513$143,226$141,970$140,744$139,547$136,842
2 years$71,541$70,209$68,918$67,666$66,451$63,736
3 years$47,220$45,882$44,594$43,354$42,159$39,520
4 years$35,062$33,728$32,453$31,234$30,068$27,525
5 years$27,769$26,443$25,185$23,991$22,858$20,417
6 years$22,909$21,593$20,353$19,186$18,086$15,751
7 years$19,439$18,134$16,914$15,774$14,709$12,480
8 years$16,837$15,544$14,344$13,232$12,203$10,079
9 years$14,815$13,534$12,355$11,271$10,276$8,257
10 years$13,198$11,929$10,771$9,716$8,756$6,839
11 years$11,876$10,620$9,483$8,455$7,530$5,714
12 years$10,775$9,532$8,416$7,417$6,526$4,806
13 years$9,844$8,614$7,519$6,548$5,691$4,066
14 years$9,047$7,830$6,756$5,812$4,988$3,455
15 years$8,357$7,153$6,099$5,184$4,392$2,948
16 years$7,753$6,563$5,530$4,641$3,882$2,522
17 years$7,221$6,044$5,032$4,170$3,442$2,164
18 years$6,749$5,585$4,594$3,758$3,060$1,861
19 years$6,327$5,176$4,205$3,396$2,728$1,604
20 years$5,948$4,810$3,859$3,076$2,436$1,384
21 years$5,605$4,480$3,550$2,791$2,180$1,196
22 years$5,294$4,182$3,272$2,538$1,954$1,035
23 years$5,010$3,911$3,021$2,311$1,754$896
24 years$4,750$3,665$2,794$2,108$1,577$777
25 years$4,512$3,439$2,588$1,925$1,419$674
26 years$4,292$3,232$2,400$1,760$1,278$585
27 years$4,089$3,042$2,229$1,611$1,152$508
28 years$3,900$2,866$2,072$1,476$1,040$442
29 years$3,725$2,704$1,928$1,354$939$384
30 years$3,562$2,554$1,796$1,242$848$334
31 years$3,410$2,414$1,674$1,141$767$291
32 years$3,268$2,284$1,562$1,049$694$253
33 years$3,134$2,163$1,458$964$628$220
34 years$3,009$2,050$1,363$887$568$192
35 years$2,891$1,945$1,274$817$515$167
36 years$2,779$1,846$1,192$752$467$145
37 years$2,674$1,753$1,116$693$423$127
38 years$2,575$1,666$1,045$639$383$110
39 years$2,481$1,584$979$589$348$96
40 years$2,393$1,507$917$543$315$84
41 years$2,308$1,435$860$501$286$73
42 years$2,228$1,366$807$463$260$64
43 years$2,152$1,302$757$427$236$55
44 years$2,079$1,241$711$394$214$48
45 years$2,010$1,183$667$364$194$42
46 years$1,944$1,129$627$336$176$37
47 years$1,881$1,077$589$311$160$32
48 years$1,821$1,028$553$287$145$28
49 years$1,764$982$520$265$132$24
50 years$1,709$938$489$245$120$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,750,000, adding $6,418 every year, while hoping to spend $54,027 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: 61/30/9 Blend
55$1,750,000$1,750,000$1,750,000$1,750,000
56$1,935,120$1,842,370$1,815,245$2,048,936
57$2,075,018$1,875,162$1,818,572$2,158,732
58$2,227,375$1,907,750$1,820,199$2,271,700
59$2,393,404$1,940,067$1,820,012$2,393,611
60$2,574,442$1,972,041$1,817,893$2,525,327
61$2,771,958$2,003,594$1,813,716$2,667,801
62$2,987,571$2,034,643$1,807,349$2,822,084
63$3,223,062$2,065,099$1,798,654$2,989,330
64$3,480,392$2,094,867$1,787,486$3,170,816
65$3,761,720$2,123,843$1,773,695$3,367,946
66$4,069,423$2,151,919$1,757,121$3,582,269
67$4,406,118$2,178,976$1,737,598$3,815,493
68$4,774,686$2,204,890$1,714,952$4,069,498
69$5,178,301$2,229,527$1,689,000$4,346,359
70$5,620,458$2,252,744$1,659,552$4,648,363
71$6,105,005$2,274,389$1,626,407$4,978,030
72$6,636,180$2,294,299$1,589,356$5,338,140
73$7,218,652$2,312,301$1,548,181$5,731,755
74$7,857,562$2,328,211$1,502,653$6,162,253
75$8,558,573$2,341,833$1,452,531$6,633,356
76$9,327,922$2,352,958$1,397,566$7,149,169
77$10,172,481$2,361,363$1,337,495$7,714,217
78$11,099,818$2,366,814$1,272,045$8,333,488
79$12,118,270$2,369,058$1,200,929$9,012,481
80$13,237,021$2,367,830$1,123,848$9,757,259
81$14,466,191$2,362,847$1,040,490$10,574,504
82$15,816,923$2,353,808$950,527$11,471,586
83$17,301,499$2,340,394$853,620$12,456,626
84$18,933,445$2,322,267$749,410$13,538,580
85$20,727,667$2,299,068$637,525$14,727,319
86$22,700,584$2,270,418$517,577$16,033,725
87$24,870,288$2,235,912$389,160$17,469,795
88$27,256,710$2,195,125$251,850$19,048,755
89$29,881,811$2,147,602$105,204$20,785,184
90$32,769,788$2,092,867$0$22,695,153
91$35,947,299$2,030,410$0$24,801,305
92$39,443,718$1,959,695$0$27,129,346
93$43,291,411$1,880,153$0$29,690,740
94$47,526,038$1,791,184$0$32,509,270
95$52,186,892$1,692,151$0$35,611,149
96$57,317,270$1,582,380$0$39,025,270
97$62,964,876$1,461,162$0$42,783,477
98$69,182,277$1,327,743$0$46,920,869
99$76,027,395$1,181,328$0$51,476,133
100$83,564,054$1,021,078$0$56,491,908