Can I retire at age 56 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$149,468$148,137$146,838$145,570$144,332$142,765
2 years$73,994$72,616$71,280$69,986$68,729$67,152
3 years$48,839$47,455$46,123$44,840$43,605$42,066
4 years$36,265$34,885$33,566$32,305$31,099$29,610
5 years$28,722$27,350$26,048$24,813$23,641$22,206
6 years$23,695$22,333$21,051$19,843$18,706$17,328
7 years$20,105$18,756$17,494$16,314$15,213$13,891
8 years$17,414$16,077$14,836$13,686$12,621$11,356
9 years$15,323$13,998$12,778$11,657$10,629$9,420
10 years$13,650$12,338$11,140$10,049$9,056$7,902
11 years$12,283$10,984$9,808$8,745$7,789$6,689
12 years$11,144$9,859$8,704$7,671$6,749$5,703
13 years$10,182$8,909$7,777$6,772$5,886$4,892
14 years$9,357$8,098$6,987$6,012$5,159$4,216
15 years$8,643$7,398$6,309$5,361$4,543$3,649
16 years$8,019$6,788$5,720$4,800$4,015$3,168
17 years$7,469$6,251$5,205$4,313$3,560$2,759
18 years$6,980$5,776$4,751$3,887$3,165$2,409
19 years$6,544$5,353$4,349$3,512$2,821$2,108
20 years$6,152$4,975$3,992$3,181$2,520$1,848
21 years$5,797$4,634$3,672$2,887$2,255$1,623
22 years$5,475$4,325$3,384$2,625$2,021$1,427
23 years$5,182$4,045$3,124$2,391$1,815$1,256
24 years$4,913$3,790$2,890$2,180$1,631$1,107
25 years$4,666$3,557$2,676$1,991$1,468$976
26 years$4,439$3,343$2,482$1,821$1,322$862
27 years$4,229$3,146$2,305$1,666$1,192$761
28 years$4,034$2,965$2,143$1,527$1,075$673
29 years$3,853$2,797$1,994$1,400$971$595
30 years$3,684$2,641$1,857$1,285$877$526
31 years$3,527$2,497$1,732$1,180$793$466
32 years$3,380$2,363$1,616$1,085$718$413
33 years$3,241$2,237$1,508$997$649$366
34 years$3,112$2,121$1,409$918$588$324
35 years$2,990$2,011$1,318$845$533$287
36 years$2,875$1,909$1,233$778$483$255
37 years$2,766$1,813$1,154$717$437$226
38 years$2,664$1,723$1,080$661$396$200
39 years$2,567$1,639$1,012$609$360$178
40 years$2,475$1,559$949$562$326$157
41 years$2,387$1,484$890$518$296$140
42 years$2,304$1,413$835$478$268$124
43 years$2,226$1,347$783$442$244$110
44 years$2,151$1,284$735$408$221$98
45 years$2,079$1,224$690$377$201$87
46 years$2,011$1,168$648$348$182$77
47 years$1,946$1,114$609$321$166$68
48 years$1,884$1,064$572$297$150$61
49 years$1,824$1,016$538$274$137$54
50 years$1,767$970$506$254$124$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,810,000, adding $3,282 every year, while hoping to spend $46,133 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: 50/20/30 Blend
55$1,810,000$1,810,000$1,810,000$1,810,000
56$1,998,005$1,902,075$1,874,020$2,080,757
57$2,152,717$1,946,192$1,887,715$2,183,222
58$2,321,663$1,990,924$1,900,322$2,289,714
59$2,506,246$2,036,253$1,911,757$2,404,588
60$2,708,012$2,082,158$1,921,929$2,528,662
61$2,928,661$2,128,616$1,930,745$2,662,840
62$3,170,065$2,175,599$1,938,107$2,808,118
63$3,434,288$2,223,079$1,943,909$2,965,592
64$3,723,598$2,271,023$1,948,043$3,136,475
65$4,040,498$2,319,396$1,950,395$3,322,100
66$4,387,739$2,368,157$1,950,844$3,523,940
67$4,768,355$2,417,263$1,949,264$3,743,617
68$5,185,686$2,466,667$1,945,522$3,982,920
69$5,643,409$2,516,317$1,939,481$4,243,823
70$6,145,577$2,566,157$1,930,994$4,528,502
71$6,696,652$2,616,125$1,919,908$4,839,354
72$7,301,549$2,666,154$1,906,064$5,179,026
73$7,965,685$2,716,173$1,889,295$5,550,433
74$8,695,022$2,766,103$1,869,424$5,956,792
75$9,496,132$2,815,860$1,846,267$6,401,649
76$10,376,254$2,865,353$1,819,633$6,888,913
77$11,343,360$2,914,484$1,789,319$7,422,895
78$12,406,236$2,963,147$1,755,115$8,008,348
79$13,574,560$3,011,229$1,716,799$8,650,513
80$14,858,995$3,058,609$1,674,141$9,355,167
81$16,271,285$3,105,154$1,626,898$10,128,680
82$17,824,375$3,150,725$1,574,818$10,978,077
83$19,532,523$3,195,172$1,517,636$11,911,099
84$21,411,439$3,238,334$1,455,075$12,936,286
85$23,478,432$3,280,038$1,386,846$14,063,047
86$25,752,573$3,320,102$1,312,647$15,301,760
87$28,254,876$3,358,328$1,232,161$16,663,864
88$31,008,494$3,394,506$1,145,059$18,161,969
89$34,038,937$3,428,413$1,050,995$19,809,978
90$37,374,313$3,459,810$949,608$21,623,219
91$41,045,595$3,488,443$840,522$23,618,585
92$45,086,910$3,514,041$723,344$25,814,703
93$49,535,861$3,536,315$597,662$28,232,105
94$54,433,882$3,554,958$463,047$30,893,423
95$59,826,631$3,569,643$319,052$33,823,608
96$65,764,415$3,580,024$165,208$37,050,162
97$72,302,671$3,585,730$1,028$40,603,401
98$79,502,482$3,586,370$0$44,516,743
99$87,431,161$3,581,527$0$48,882,780
100$96,162,876$3,570,759$0$53,690,336