Can I retire at age 56 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$146,165$144,863$143,593$142,353$141,142$135,972
2 years$72,359$71,011$69,705$68,439$67,211$62,059
3 years$47,760$46,407$45,104$43,849$42,641$37,671
4 years$35,463$34,114$32,824$31,591$30,412$25,661
5 years$28,087$26,746$25,473$24,265$23,119$18,598
6 years$23,171$21,840$20,586$19,405$18,293$14,007
7 years$19,661$18,341$17,107$15,954$14,877$10,825
8 years$17,030$15,722$14,508$13,383$12,342$8,519
9 years$14,984$13,689$12,496$11,400$10,394$6,795
10 years$13,349$12,066$10,894$9,827$8,856$5,476
11 years$12,012$10,741$9,591$8,552$7,616$4,447
12 years$10,898$9,641$8,512$7,501$6,600$3,634
13 years$9,957$8,713$7,605$6,623$5,756$2,985
14 years$9,150$7,920$6,833$5,879$5,045$2,461
15 years$8,452$7,235$6,169$5,243$4,442$2,035
16 years$7,842$6,638$5,593$4,694$3,926$1,687
17 years$7,304$6,113$5,090$4,218$3,481$1,402
18 years$6,826$5,649$4,646$3,801$3,095$1,167
19 years$6,399$5,235$4,253$3,435$2,759$973
20 years$6,016$4,865$3,904$3,111$2,464$812
21 years$5,669$4,531$3,590$2,823$2,205$678
22 years$5,354$4,230$3,309$2,567$1,977$567
23 years$5,067$3,956$3,055$2,338$1,774$475
24 years$4,805$3,707$2,826$2,132$1,595$397
25 years$4,563$3,478$2,617$1,947$1,435$333
26 years$4,341$3,269$2,427$1,780$1,293$279
27 years$4,135$3,077$2,254$1,630$1,166$234
28 years$3,945$2,899$2,095$1,493$1,052$196
29 years$3,768$2,735$1,950$1,369$950$164
30 years$3,603$2,583$1,816$1,257$858$138
31 years$3,449$2,442$1,693$1,154$776$116
32 years$3,305$2,310$1,580$1,061$702$97
33 years$3,170$2,188$1,475$975$635$81
34 years$3,043$2,074$1,378$897$575$68
35 years$2,924$1,967$1,289$826$521$57
36 years$2,811$1,867$1,205$761$472$48
37 years$2,705$1,773$1,128$701$428$40
38 years$2,605$1,685$1,057$646$388$34
39 years$2,510$1,602$990$596$352$28
40 years$2,420$1,524$928$550$319$24
41 years$2,335$1,451$870$507$289$20
42 years$2,253$1,382$816$468$263$17
43 years$2,176$1,317$766$432$238$14
44 years$2,103$1,255$719$399$216$12
45 years$2,033$1,197$675$368$196$10
46 years$1,966$1,142$634$340$178$8
47 years$1,903$1,090$596$314$162$7
48 years$1,842$1,040$560$290$147$6
49 years$1,784$993$526$268$134$5
50 years$1,728$949$495$248$121$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,770,000, adding $2,025 every year, while hoping to spend $44,315 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: 53/20/27 Blend
55$1,770,000$1,770,000$1,770,000$1,770,000
56$1,952,629$1,858,819$1,831,384$2,041,319
57$2,104,646$1,902,750$1,845,584$2,146,875
58$2,270,684$1,947,349$1,858,775$2,256,997
59$2,452,126$1,992,601$1,870,876$2,375,952
60$2,650,494$2,038,490$1,881,802$2,504,603
61$2,867,466$2,084,997$1,891,464$2,643,900
62$3,104,888$2,132,102$1,899,768$2,794,891
63$3,364,792$2,179,781$1,906,616$2,958,731
64$3,649,417$2,228,007$1,911,905$3,136,693
65$3,961,229$2,276,751$1,915,525$3,330,181
66$4,302,942$2,325,979$1,917,363$3,540,742
67$4,677,547$2,375,657$1,917,299$3,770,081
68$5,088,336$2,425,743$1,915,207$4,020,078
69$5,538,936$2,476,194$1,910,956$4,292,807
70$6,033,342$2,526,963$1,904,409$4,590,551
71$6,575,955$2,577,996$1,895,418$4,915,830
72$7,171,622$2,629,237$1,883,834$5,271,420
73$7,825,682$2,680,624$1,869,497$5,660,383
74$8,544,017$2,732,090$1,852,240$6,086,093
75$9,333,105$2,783,561$1,831,889$6,552,271
76$10,200,084$2,834,958$1,808,260$7,063,018
77$11,152,818$2,886,196$1,781,162$7,622,855
78$12,199,969$2,937,183$1,750,394$8,236,767
79$13,351,081$2,987,820$1,715,747$8,910,249
80$14,616,668$3,038,000$1,677,001$9,649,357
81$16,008,313$3,087,607$1,633,926$10,460,770
82$17,538,780$3,136,519$1,586,282$11,351,849
83$19,222,129$3,184,602$1,533,816$12,330,709
84$21,073,854$3,231,715$1,476,266$13,406,295
85$23,111,023$3,277,705$1,413,357$14,588,468
86$25,352,443$3,322,409$1,344,801$15,888,099
87$27,818,838$3,365,652$1,270,297$17,317,170
88$30,533,039$3,407,249$1,189,531$18,888,891
89$33,520,204$3,446,999$1,102,175$20,617,821
90$36,808,052$3,484,689$1,007,886$22,520,011
91$40,427,128$3,520,094$906,305$24,613,152
92$44,411,087$3,552,970$797,058$26,916,746
93$48,797,011$3,583,059$679,753$29,452,289
94$53,625,764$3,610,086$553,982$32,243,475
95$58,942,370$3,633,759$419,319$35,316,423
96$64,796,444$3,653,765$275,318$38,699,920
97$71,242,655$3,669,773$121,514$42,425,697
98$78,341,244$3,681,430$0$46,528,730
99$86,158,591$3,688,361$0$51,059,848
100$94,767,845$3,690,168$0$56,087,421