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

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$149,468$148,137$146,838$145,570$144,332$142,293
2 years$73,994$72,616$71,280$69,986$68,729$66,679
3 years$48,839$47,455$46,123$44,840$43,605$41,607
4 years$36,265$34,885$33,566$32,305$31,099$29,169
5 years$28,722$27,350$26,048$24,813$23,641$21,784
6 years$23,695$22,333$21,051$19,843$18,706$16,925
7 years$20,105$18,756$17,494$16,314$15,213$13,508
8 years$17,414$16,077$14,836$13,686$12,621$10,992
9 years$15,323$13,998$12,778$11,657$10,629$9,075
10 years$13,650$12,338$11,140$10,049$9,056$7,576
11 years$12,283$10,984$9,808$8,745$7,789$6,381
12 years$11,144$9,859$8,704$7,671$6,749$5,413
13 years$10,182$8,909$7,777$6,772$5,886$4,619
14 years$9,357$8,098$6,987$6,012$5,159$3,960
15 years$8,643$7,398$6,309$5,361$4,543$3,408
16 years$8,019$6,788$5,720$4,800$4,015$2,943
17 years$7,469$6,251$5,205$4,313$3,560$2,549
18 years$6,980$5,776$4,751$3,887$3,165$2,213
19 years$6,544$5,353$4,349$3,512$2,821$1,925
20 years$6,152$4,975$3,992$3,181$2,520$1,677
21 years$5,797$4,634$3,672$2,887$2,255$1,464
22 years$5,475$4,325$3,384$2,625$2,021$1,279
23 years$5,182$4,045$3,124$2,391$1,815$1,119
24 years$4,913$3,790$2,890$2,180$1,631$980
25 years$4,666$3,557$2,676$1,991$1,468$859
26 years$4,439$3,343$2,482$1,821$1,322$754
27 years$4,229$3,146$2,305$1,666$1,192$662
28 years$4,034$2,965$2,143$1,527$1,075$581
29 years$3,853$2,797$1,994$1,400$971$510
30 years$3,684$2,641$1,857$1,285$877$449
31 years$3,527$2,497$1,732$1,180$793$395
32 years$3,380$2,363$1,616$1,085$718$347
33 years$3,241$2,237$1,508$997$649$305
34 years$3,112$2,121$1,409$918$588$269
35 years$2,990$2,011$1,318$845$533$237
36 years$2,875$1,909$1,233$778$483$208
37 years$2,766$1,813$1,154$717$437$184
38 years$2,664$1,723$1,080$661$396$162
39 years$2,567$1,639$1,012$609$360$142
40 years$2,475$1,559$949$562$326$125
41 years$2,387$1,484$890$518$296$111
42 years$2,304$1,413$835$478$268$97
43 years$2,226$1,347$783$442$244$86
44 years$2,151$1,284$735$408$221$76
45 years$2,079$1,224$690$377$201$67
46 years$2,011$1,168$648$348$182$59
47 years$1,946$1,114$609$321$166$52
48 years$1,884$1,064$572$297$150$46
49 years$1,824$1,016$538$274$137$40
50 years$1,767$970$506$254$124$36

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 $3,582 every year, while hoping to spend $33,359 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: 57/27/16 Blend
55$1,810,000$1,810,000$1,810,000$1,810,000
56$1,998,315$1,902,385$1,874,330$2,103,690
57$2,166,649$1,960,108$1,901,626$2,233,297
58$2,351,036$2,019,541$1,928,719$2,370,516
59$2,553,076$2,080,734$1,955,566$2,519,286
60$2,774,535$2,143,735$1,982,123$2,680,720
61$3,017,356$2,208,597$2,008,342$2,856,046
62$3,283,679$2,275,370$2,034,174$3,046,615
63$3,575,861$2,344,111$2,059,566$3,253,914
64$3,896,500$2,414,872$2,084,462$3,479,582
65$4,248,454$2,487,712$2,108,802$3,725,420
66$4,634,874$2,562,688$2,132,525$3,993,415
67$5,059,232$2,639,860$2,155,565$4,285,751
68$5,525,349$2,719,289$2,177,852$4,604,837
69$6,037,437$2,801,037$2,199,313$4,953,323
70$6,600,137$2,885,169$2,219,871$5,334,130
71$7,218,558$2,971,749$2,239,444$5,750,472
72$7,898,333$3,060,847$2,257,947$6,205,893
73$8,645,664$3,152,529$2,275,290$6,704,293
74$9,467,386$3,246,868$2,291,377$7,249,971
75$10,371,030$3,343,935$2,306,108$7,847,659
76$11,364,892$3,443,805$2,319,380$8,502,574
77$12,458,112$3,546,552$2,331,080$9,220,460
78$13,660,762$3,652,256$2,341,093$10,007,646
79$14,983,937$3,760,994$2,349,298$10,871,105
80$16,439,865$3,872,848$2,355,565$11,818,518
81$18,042,015$3,987,902$2,359,761$12,858,348
82$19,805,231$4,106,240$2,361,743$13,999,920
83$21,745,868$4,227,948$2,361,364$15,253,506
84$23,881,945$4,353,117$2,358,469$16,630,426
85$26,233,319$4,481,835$2,352,893$18,143,152
86$28,821,869$4,614,196$2,344,466$19,805,423
87$31,671,702$4,750,295$2,333,009$21,632,381
88$34,809,384$4,890,227$2,318,333$23,640,708
89$38,264,185$5,034,092$2,300,241$25,848,786
90$42,068,359$5,181,990$2,278,526$28,276,870
91$46,257,448$5,334,024$2,252,973$30,947,278
92$50,870,614$5,490,298$2,223,354$33,884,602
93$55,951,013$5,650,919$2,189,433$37,115,942
94$61,546,198$5,815,995$2,150,961$40,671,156
95$67,708,570$5,985,638$2,107,677$44,583,149
96$74,495,870$6,159,961$2,059,311$48,888,178
97$81,971,727$6,339,077$2,005,576$53,626,196
98$90,206,256$6,523,105$1,946,175$58,841,230
99$99,276,720$6,712,162$1,880,798$64,581,792
100$109,268,257$6,906,370$1,809,116$70,901,345