Can I retire at age 56 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$146,991$145,681$144,404$143,157$141,940$139,245
2 years$72,768$71,412$70,099$68,826$67,590$64,886
3 years$48,030$46,669$45,359$44,097$42,882$40,252
4 years$35,663$34,307$33,010$31,770$30,584$28,049
5 years$28,246$26,897$25,617$24,402$23,249$20,816
6 years$23,302$21,963$20,702$19,515$18,396$16,068
7 years$19,772$18,445$17,204$16,044$14,961$12,739
8 years$17,126$15,810$14,590$13,459$12,412$10,294
9 years$15,069$13,766$12,566$11,464$10,453$8,438
10 years$13,424$12,134$10,956$9,882$8,906$6,993
11 years$12,079$10,802$9,645$8,600$7,660$5,846
12 years$10,960$9,695$8,560$7,544$6,638$4,921
13 years$10,013$8,762$7,648$6,660$5,788$4,166
14 years$9,202$7,964$6,871$5,912$5,074$3,542
15 years$8,500$7,275$6,204$5,272$4,467$3,024
16 years$7,886$6,675$5,625$4,721$3,948$2,590
17 years$7,345$6,148$5,118$4,242$3,501$2,224
18 years$6,865$5,681$4,672$3,823$3,113$1,914
19 years$6,436$5,265$4,277$3,454$2,774$1,650
20 years$6,050$4,892$3,926$3,128$2,478$1,425
21 years$5,701$4,557$3,611$2,839$2,218$1,233
22 years$5,384$4,254$3,328$2,581$1,988$1,067
23 years$5,096$3,978$3,073$2,351$1,784$925
24 years$4,832$3,728$2,842$2,144$1,604$803
25 years$4,589$3,498$2,632$1,958$1,443$697
26 years$4,366$3,288$2,441$1,790$1,300$605
27 years$4,159$3,094$2,267$1,639$1,172$526
28 years$3,967$2,916$2,107$1,502$1,058$458
29 years$3,789$2,750$1,961$1,377$955$398
30 years$3,623$2,598$1,827$1,264$863$347
31 years$3,468$2,456$1,703$1,161$780$302
32 years$3,324$2,323$1,589$1,067$706$263
33 years$3,188$2,200$1,483$981$639$229
34 years$3,060$2,085$1,386$902$578$200
35 years$2,940$1,978$1,296$831$524$174
36 years$2,827$1,877$1,212$765$475$152
37 years$2,720$1,783$1,135$705$430$132
38 years$2,619$1,695$1,063$650$390$115
39 years$2,524$1,611$995$599$354$100
40 years$2,434$1,533$933$553$321$88
41 years$2,348$1,459$875$510$291$76
42 years$2,266$1,390$821$471$264$67
43 years$2,189$1,324$770$434$240$58
44 years$2,115$1,262$723$401$217$51
45 years$2,045$1,204$679$370$197$44
46 years$1,978$1,148$638$342$179$39
47 years$1,914$1,096$599$316$163$34
48 years$1,852$1,046$563$292$148$29
49 years$1,794$999$529$270$134$26
50 years$1,738$954$497$250$122$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,780,000, adding $4,374 every year, while hoping to spend $57,962 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: 63/24/13 Blend
55$1,780,000$1,780,000$1,780,000$1,780,000
56$1,966,072$1,871,732$1,844,142$2,083,599
57$2,104,940$1,901,776$1,844,249$2,192,908
58$2,256,030$1,931,349$1,842,418$2,305,159
59$2,420,528$1,960,367$1,838,521$2,426,306
60$2,599,737$1,988,741$1,832,427$2,557,215
61$2,795,093$2,016,372$1,823,997$2,698,838
62$3,008,177$2,043,159$1,813,085$2,852,228
63$3,240,727$2,068,989$1,799,539$3,018,543
64$3,494,657$2,093,745$1,783,199$3,199,062
65$3,772,074$2,117,301$1,763,899$3,395,193
66$4,075,298$2,139,521$1,741,462$3,608,489
67$4,406,882$2,160,262$1,715,705$3,840,662
68$4,769,639$2,179,370$1,686,436$4,093,601
69$5,166,665$2,196,682$1,653,454$4,369,387
70$5,601,369$2,212,023$1,616,549$4,670,315
71$6,077,506$2,225,209$1,575,501$4,998,916
72$6,599,210$2,236,043$1,530,078$5,357,980
73$7,171,034$2,244,313$1,480,040$5,750,583
74$7,797,993$2,249,799$1,425,135$6,180,116
75$8,485,611$2,252,261$1,365,100$6,650,320
76$9,239,970$2,251,450$1,299,658$7,165,318
77$10,067,773$2,247,096$1,228,523$7,729,656
78$10,976,399$2,238,917$1,151,391$8,348,347
79$11,973,979$2,226,612$1,067,950$9,026,918
80$13,069,469$2,209,860$977,871$9,771,461
81$14,272,734$2,188,322$880,809$10,588,696
82$15,594,643$2,161,640$776,406$11,486,029
83$17,047,169$2,129,432$664,287$12,471,626
84$18,643,501$2,091,295$544,062$13,554,491
85$20,398,171$2,046,802$415,321$14,744,550
86$22,327,188$1,995,498$277,638$16,052,747
87$24,448,189$1,936,906$130,567$17,491,146
88$26,780,607$1,870,517$0$19,073,049
89$29,345,850$1,795,793$0$20,816,778
90$32,167,508$1,712,168$0$22,754,405
91$35,271,568$1,619,039$0$24,885,692
92$38,686,666$1,515,770$0$27,230,358
93$42,444,352$1,401,689$0$29,810,138
94$46,579,389$1,276,085$0$32,648,986
95$51,130,080$1,138,206$0$35,773,306
96$56,138,629$987,258$0$39,212,198
97$61,651,537$822,403$0$42,997,734
98$67,720,046$642,752$0$47,165,266
99$74,400,614$447,371$0$51,753,754
100$81,755,454$235,269$0$56,806,140