Can I retire at age 56 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$150,294$148,955$147,649$146,374$145,129$142,961
2 years$74,403$73,017$71,674$70,372$69,109$66,929
3 years$49,109$47,718$46,378$45,088$43,846$41,722
4 years$36,465$35,077$33,751$32,483$31,271$29,220
5 years$28,880$27,501$26,192$24,950$23,772$21,800
6 years$23,825$22,457$21,167$19,953$18,810$16,919
7 years$20,216$18,859$17,590$16,405$15,297$13,488
8 years$17,511$16,166$14,918$13,761$12,691$10,963
9 years$15,407$14,075$12,849$11,722$10,687$9,040
10 years$13,726$12,407$11,202$10,104$9,106$7,538
11 years$12,351$11,045$9,862$8,794$7,832$6,341
12 years$11,206$9,913$8,752$7,713$6,787$5,373
13 years$10,238$8,959$7,820$6,810$5,918$4,578
14 years$9,409$8,143$7,026$6,045$5,188$3,919
15 years$8,691$7,439$6,343$5,391$4,568$3,369
16 years$8,063$6,825$5,751$4,827$4,037$2,905
17 years$7,510$6,286$5,233$4,337$3,579$2,512
18 years$7,019$5,808$4,777$3,908$3,183$2,178
19 years$6,580$5,383$4,373$3,532$2,837$1,892
20 years$6,186$5,002$4,014$3,199$2,534$1,646
21 years$5,829$4,659$3,692$2,903$2,268$1,435
22 years$5,505$4,349$3,403$2,639$2,033$1,252
23 years$5,210$4,068$3,142$2,404$1,825$1,093
24 years$4,940$3,811$2,906$2,192$1,640$956
25 years$4,692$3,577$2,691$2,002$1,476$837
26 years$4,464$3,362$2,496$1,831$1,329$733
27 years$4,252$3,164$2,318$1,676$1,198$642
28 years$4,056$2,981$2,155$1,535$1,081$563
29 years$3,874$2,812$2,005$1,408$976$494
30 years$3,705$2,656$1,868$1,292$882$433
31 years$3,546$2,511$1,741$1,187$798$381
32 years$3,398$2,376$1,624$1,091$722$334
33 years$3,259$2,250$1,517$1,003$653$294
34 years$3,129$2,132$1,417$923$591$258
35 years$3,006$2,022$1,325$849$535$227
36 years$2,891$1,920$1,239$782$485$199
37 years$2,781$1,823$1,160$721$440$175
38 years$2,678$1,733$1,086$664$399$154
39 years$2,581$1,648$1,018$613$362$136
40 years$2,488$1,568$954$565$328$119
41 years$2,400$1,492$895$521$297$105
42 years$2,317$1,421$839$481$270$92
43 years$2,238$1,354$787$444$245$81
44 years$2,162$1,291$739$410$222$71
45 years$2,091$1,231$694$379$202$63
46 years$2,022$1,174$652$350$183$55
47 years$1,957$1,120$612$323$166$49
48 years$1,894$1,070$575$299$151$43
49 years$1,834$1,021$541$276$137$38
50 years$1,777$976$509$255$125$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,820,000, adding $2,811 every year, while hoping to spend $36,272 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: 45/44/11 Blend
55$1,820,000$1,820,000$1,820,000$1,820,000
56$2,008,540$1,912,080$1,883,870$2,092,536
57$2,174,817$1,967,178$1,908,386$2,206,163
58$2,356,840$2,023,761$1,932,508$2,325,374
59$2,556,175$2,081,863$1,956,184$2,453,822
60$2,774,548$2,141,518$1,979,360$2,592,375
61$3,013,862$2,202,762$2,001,978$2,741,984
62$3,276,209$2,265,630$2,023,978$2,903,699
63$3,563,896$2,330,160$2,045,295$3,078,671
64$3,879,463$2,396,387$2,065,862$3,268,171
65$4,225,707$2,464,349$2,085,607$3,473,594
66$4,605,710$2,534,083$2,104,456$3,696,478
67$5,022,866$2,605,627$2,122,329$3,938,513
68$5,480,915$2,679,018$2,139,143$4,201,564
69$5,983,974$2,754,296$2,154,810$4,487,679
70$6,536,582$2,831,499$2,169,238$4,799,117
71$7,143,736$2,910,665$2,182,331$5,138,362
72$7,810,943$2,991,834$2,193,985$5,508,153
73$8,544,270$3,075,045$2,204,094$5,911,503
74$9,350,399$3,160,336$2,212,545$6,351,732
75$10,236,694$3,247,746$2,219,219$6,832,496
76$11,211,266$3,337,315$2,223,992$7,357,822
77$12,283,053$3,429,081$2,226,734$7,932,145
78$13,461,902$3,523,084$2,227,307$8,560,349
79$14,758,661$3,619,361$2,225,568$9,247,818
80$16,185,286$3,717,950$2,221,365$10,000,479
81$17,754,944$3,818,889$2,214,540$10,824,863
82$19,482,149$3,922,216$2,204,928$11,728,165
83$21,382,890$4,027,965$2,192,354$12,718,310
84$23,474,782$4,136,173$2,176,636$13,804,031
85$25,777,240$4,246,875$2,157,583$14,994,949
86$28,311,651$4,360,105$2,134,994$16,301,664
87$31,101,583$4,475,894$2,108,661$17,735,854
88$34,173,006$4,594,275$2,078,363$19,310,387
89$37,554,535$4,715,276$2,043,870$21,039,442
90$41,277,700$4,838,927$2,004,942$22,938,639
91$45,377,245$4,965,254$1,961,327$25,025,193
92$49,891,453$5,094,281$1,912,761$27,318,070
93$54,862,512$5,226,031$1,858,969$29,838,169
94$60,336,905$5,360,524$1,799,662$32,608,519
95$66,365,857$5,497,777$1,734,538$35,654,496
96$73,005,812$5,637,805$1,663,282$39,004,061
97$80,318,967$5,780,620$1,585,564$42,688,027
98$88,373,860$5,926,229$1,501,039$46,740,345
99$97,246,017$6,074,637$1,409,347$51,198,432
100$107,018,661$6,225,845$1,310,111$56,103,514