Can I retire at age 56 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$148,642$147,318$146,027$144,766$143,535$138,003
2 years$73,585$72,215$70,887$69,599$68,350$62,843
3 years$48,570$47,193$45,868$44,593$43,364$38,055
4 years$36,064$34,692$33,380$32,127$30,928$25,857
5 years$28,563$27,199$25,905$24,676$23,511$18,691
6 years$23,564$22,210$20,935$19,734$18,603$14,038
7 years$19,994$18,652$17,397$16,224$15,129$10,818
8 years$17,318$15,988$14,754$13,610$12,551$8,489
9 years$15,238$13,921$12,708$11,593$10,570$6,750
10 years$13,575$12,270$11,079$9,993$9,006$5,422
11 years$12,215$10,924$9,754$8,697$7,746$4,389
12 years$11,083$9,804$8,656$7,628$6,712$3,575
13 years$10,125$8,860$7,734$6,735$5,853$2,926
14 years$9,305$8,054$6,949$5,978$5,131$2,404
15 years$8,595$7,357$6,274$5,332$4,518$1,981
16 years$7,975$6,750$5,688$4,774$3,993$1,637
17 years$7,428$6,217$5,176$4,289$3,540$1,355
18 years$6,942$5,744$4,725$3,866$3,148$1,124
19 years$6,508$5,324$4,325$3,493$2,806$933
20 years$6,118$4,947$3,970$3,163$2,506$776
21 years$5,765$4,608$3,651$2,871$2,243$646
22 years$5,445$4,302$3,365$2,610$2,010$538
23 years$5,153$4,023$3,107$2,377$1,804$448
24 years$4,886$3,769$2,874$2,168$1,622$374
25 years$4,641$3,537$2,662$1,980$1,459$312
26 years$4,415$3,325$2,468$1,811$1,315$260
27 years$4,206$3,129$2,292$1,657$1,185$217
28 years$4,012$2,948$2,131$1,518$1,069$181
29 years$3,832$2,781$1,983$1,392$966$151
30 years$3,664$2,627$1,847$1,278$873$127
31 years$3,507$2,483$1,722$1,174$789$106
32 years$3,361$2,350$1,607$1,079$714$88
33 years$3,224$2,225$1,500$992$646$74
34 years$3,095$2,109$1,402$913$585$62
35 years$2,973$2,000$1,310$840$530$52
36 years$2,859$1,898$1,226$774$480$43
37 years$2,751$1,803$1,147$713$435$36
38 years$2,649$1,714$1,074$657$394$30
39 years$2,552$1,629$1,007$606$358$25
40 years$2,461$1,550$944$559$324$21
41 years$2,374$1,476$885$516$294$18
42 years$2,292$1,405$830$476$267$15
43 years$2,213$1,339$779$439$242$12
44 years$2,139$1,276$731$406$220$10
45 years$2,068$1,217$686$375$200$9
46 years$2,000$1,161$645$346$181$7
47 years$1,935$1,108$606$320$165$6
48 years$1,873$1,058$569$295$149$5
49 years$1,814$1,010$535$273$136$4
50 years$1,757$965$503$252$123$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,800,000, adding $2,136 every year, while hoping to spend $46,948 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: 60/31/9 Blend
55$1,800,000$1,800,000$1,800,000$1,800,000
56$1,985,803$1,890,403$1,862,503$2,100,819
57$2,138,403$1,933,081$1,874,945$2,220,895
58$2,304,994$1,976,276$1,886,230$2,346,266
59$2,486,955$2,019,965$1,896,270$2,481,849
60$2,685,801$2,064,120$1,904,971$2,628,627
61$2,903,203$2,108,712$1,912,238$2,787,687
62$3,140,998$2,153,707$1,917,967$2,960,223
63$3,401,211$2,199,070$1,922,050$3,147,554
64$3,686,071$2,244,760$1,924,374$3,351,128
65$3,998,031$2,290,735$1,924,822$3,572,543
66$4,339,794$2,336,945$1,923,268$3,813,559
67$4,714,338$2,383,339$1,919,581$4,076,117
68$5,124,939$2,429,862$1,913,626$4,362,351
69$5,575,208$2,476,450$1,905,258$4,674,616
70$6,069,121$2,523,039$1,894,326$5,015,507
71$6,611,059$2,569,555$1,880,674$5,387,880
72$7,205,845$2,615,922$1,864,135$5,794,885
73$7,858,795$2,662,055$1,844,536$6,239,993
74$8,575,760$2,707,864$1,821,696$6,727,028
75$9,363,190$2,753,252$1,795,426$7,260,205
76$10,228,188$2,798,114$1,765,525$7,844,167
77$11,178,579$2,842,337$1,731,786$8,484,034
78$12,222,985$2,885,802$1,693,992$9,185,446
79$13,370,902$2,928,379$1,651,913$9,954,620
80$14,632,793$2,969,929$1,605,311$10,798,406
81$16,020,186$3,010,303$1,553,937$11,724,356
82$17,545,780$3,049,344$1,497,530$12,740,791
83$19,223,569$3,086,881$1,435,816$13,856,883
84$21,068,968$3,122,733$1,368,511$15,082,739
85$23,098,963$3,156,707$1,295,316$16,429,500
86$25,332,267$3,188,595$1,215,919$17,909,443
87$27,789,500$3,218,178$1,129,994$19,536,100
88$30,493,381$3,245,221$1,037,201$21,324,387
89$33,468,943$3,269,474$937,184$23,290,738
90$36,743,767$3,290,670$829,572$25,453,272
91$40,348,244$3,308,526$713,975$27,831,955
92$44,315,862$3,322,740$589,990$30,448,792
93$48,683,517$3,332,992$457,192$33,328,037
94$53,491,868$3,338,940$315,140$36,496,421
95$58,785,713$3,340,223$163,372$39,983,406
96$64,614,417$3,336,455$1,406$43,821,461
97$71,032,374$3,327,229$0$48,046,372
98$78,099,523$3,312,110$0$52,714,045
99$85,881,909$3,290,638$0$57,852,700
100$94,452,310$3,262,325$0$63,510,163