Can I retire at age 56 with 1,760,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$145,339$144,045$142,781$141,549$140,345$137,455
2 years$71,950$70,610$69,311$68,052$66,831$63,933
3 years$47,490$46,144$44,849$43,602$42,400$39,584
4 years$35,263$33,921$32,639$31,413$30,240$27,527
5 years$27,928$26,595$25,329$24,128$22,988$20,387
6 years$23,040$21,716$20,470$19,295$18,190$15,702
7 years$19,550$18,237$17,010$15,864$14,793$12,420
8 years$16,933$15,633$14,426$13,308$12,272$10,014
9 years$14,900$13,611$12,425$11,335$10,335$8,189
10 years$13,273$11,998$10,833$9,771$8,806$6,770
11 years$11,944$10,681$9,537$8,504$7,573$5,645
12 years$10,836$9,586$8,464$7,459$6,563$4,740
13 years$9,900$8,663$7,562$6,585$5,723$4,001
14 years$9,099$7,875$6,794$5,846$5,017$3,394
15 years$8,404$7,194$6,134$5,213$4,417$2,889
16 years$7,797$6,600$5,562$4,668$3,904$2,467
17 years$7,263$6,078$5,061$4,194$3,461$2,112
18 years$6,788$5,617$4,620$3,780$3,078$1,813
19 years$6,363$5,206$4,229$3,415$2,743$1,558
20 years$5,982$4,837$3,881$3,093$2,450$1,342
21 years$5,637$4,506$3,570$2,807$2,193$1,157
22 years$5,324$4,206$3,290$2,552$1,966$999
23 years$5,039$3,934$3,038$2,325$1,764$863
24 years$4,777$3,686$2,810$2,120$1,586$746
25 years$4,538$3,459$2,602$1,936$1,427$646
26 years$4,316$3,251$2,414$1,770$1,285$559
27 years$4,112$3,059$2,241$1,620$1,159$485
28 years$3,923$2,883$2,084$1,485$1,046$420
29 years$3,747$2,720$1,939$1,361$944$364
30 years$3,583$2,568$1,806$1,250$853$316
31 years$3,429$2,428$1,684$1,148$771$274
32 years$3,286$2,297$1,571$1,055$698$238
33 years$3,152$2,176$1,467$970$631$207
34 years$3,026$2,062$1,370$892$572$180
35 years$2,907$1,956$1,281$821$518$156
36 years$2,795$1,856$1,199$757$469$136
37 years$2,690$1,763$1,122$697$425$118
38 years$2,590$1,676$1,051$642$386$102
39 years$2,496$1,593$984$592$350$89
40 years$2,406$1,516$923$546$317$77
41 years$2,321$1,443$865$504$288$67
42 years$2,241$1,374$811$465$261$58
43 years$2,164$1,309$761$429$237$51
44 years$2,091$1,248$715$397$215$44
45 years$2,022$1,190$671$366$195$38
46 years$1,955$1,135$630$338$177$33
47 years$1,892$1,083$592$313$161$29
48 years$1,832$1,034$557$289$146$25
49 years$1,774$988$523$267$133$22
50 years$1,718$944$492$247$121$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,760,000, adding $5,394 every year, while hoping to spend $33,171 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: 72/11/17 Blend
55$1,760,000$1,760,000$1,760,000$1,760,000
56$1,945,084$1,851,804$1,824,524$2,077,076
57$2,108,189$1,907,249$1,850,352$2,220,879
58$2,286,819$1,964,298$1,875,933$2,373,783
59$2,482,522$2,022,997$1,901,225$2,540,376
60$2,697,004$2,083,389$1,926,181$2,722,007
61$2,932,143$2,145,519$1,950,752$2,920,166
62$3,190,008$2,209,436$1,974,889$3,136,488
63$3,472,877$2,275,186$1,998,535$3,372,779
64$3,783,259$2,342,819$2,021,635$3,631,024
65$4,123,919$2,412,385$2,044,127$3,913,413
66$4,497,901$2,483,934$2,065,948$4,222,356
67$4,908,560$2,557,520$2,087,031$4,560,509
68$5,359,590$2,633,195$2,107,303$4,930,796
69$5,855,061$2,711,015$2,126,691$5,336,441
70$6,399,458$2,791,035$2,145,115$5,780,994
71$6,997,719$2,873,312$2,162,493$6,268,366
72$7,655,286$2,957,904$2,178,736$6,802,866
73$8,378,155$3,044,871$2,193,754$7,389,243
74$9,172,931$3,134,274$2,207,448$8,032,726
75$10,046,890$3,226,174$2,219,718$8,739,079
76$11,008,050$3,320,633$2,230,456$9,514,653
77$12,065,244$3,417,717$2,239,549$10,366,442
78$13,228,205$3,517,491$2,246,880$11,302,158
79$14,507,655$3,620,022$2,252,324$12,330,293
80$15,915,410$3,725,377$2,255,751$13,460,206
81$17,464,487$3,833,626$2,257,024$14,702,212
82$19,169,230$3,944,838$2,255,999$16,067,674
83$21,045,442$4,059,086$2,252,526$17,569,113
84$23,110,538$4,176,442$2,246,446$19,220,326
85$25,383,705$4,296,980$2,237,594$21,036,519
86$27,886,086$4,420,775$2,225,797$23,034,444
87$30,640,977$4,547,903$2,210,871$25,232,562
88$33,674,048$4,678,442$2,192,627$27,651,218
89$37,013,584$4,812,469$2,170,863$30,312,827
90$40,690,754$4,950,064$2,145,371$33,242,092
91$44,739,901$5,091,308$2,115,931$36,466,235
92$49,198,870$5,236,281$2,082,314$40,015,251
93$54,109,362$5,385,066$2,044,279$43,922,195
94$59,517,328$5,537,746$2,001,574$48,223,494
95$65,473,405$5,694,405$1,953,936$52,959,287
96$72,033,389$5,855,127$1,901,090$58,173,807
97$79,258,765$6,019,998$1,842,746$63,915,798
98$87,217,285$6,189,105$1,778,604$70,238,975
99$95,983,610$6,362,532$1,708,349$77,202,531
100$105,640,009$6,540,367$1,631,650$84,871,695