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%15.1%
1 years$150,294$148,955$147,649$146,374$145,129$142,083
2 years$74,403$73,017$71,674$70,372$69,109$66,054
3 years$49,109$47,718$46,378$45,088$43,846$40,878
4 years$36,465$35,077$33,751$32,483$31,271$28,413
5 years$28,880$27,501$26,192$24,950$23,772$21,031
6 years$23,825$22,457$21,167$19,953$18,810$16,190
7 years$20,216$18,859$17,590$16,405$15,297$12,799
8 years$17,511$16,166$14,918$13,761$12,691$10,313
9 years$15,407$14,075$12,849$11,722$10,687$8,428
10 years$13,726$12,407$11,202$10,104$9,106$6,964
11 years$12,351$11,045$9,862$8,794$7,832$5,803
12 years$11,206$9,913$8,752$7,713$6,787$4,869
13 years$10,238$8,959$7,820$6,810$5,918$4,108
14 years$9,409$8,143$7,026$6,045$5,188$3,482
15 years$8,691$7,439$6,343$5,391$4,568$2,962
16 years$8,063$6,825$5,751$4,827$4,037$2,527
17 years$7,510$6,286$5,233$4,337$3,579$2,162
18 years$7,019$5,808$4,777$3,908$3,183$1,854
19 years$6,580$5,383$4,373$3,532$2,837$1,593
20 years$6,186$5,002$4,014$3,199$2,534$1,371
21 years$5,829$4,659$3,692$2,903$2,268$1,181
22 years$5,505$4,349$3,403$2,639$2,033$1,019
23 years$5,210$4,068$3,142$2,404$1,825$879
24 years$4,940$3,811$2,906$2,192$1,640$760
25 years$4,692$3,577$2,691$2,002$1,476$657
26 years$4,464$3,362$2,496$1,831$1,329$569
27 years$4,252$3,164$2,318$1,676$1,198$492
28 years$4,056$2,981$2,155$1,535$1,081$427
29 years$3,874$2,812$2,005$1,408$976$370
30 years$3,705$2,656$1,868$1,292$882$320
31 years$3,546$2,511$1,741$1,187$798$278
32 years$3,398$2,376$1,624$1,091$722$241
33 years$3,259$2,250$1,517$1,003$653$209
34 years$3,129$2,132$1,417$923$591$181
35 years$3,006$2,022$1,325$849$535$157
36 years$2,891$1,920$1,239$782$485$137
37 years$2,781$1,823$1,160$721$440$119
38 years$2,678$1,733$1,086$664$399$103
39 years$2,581$1,648$1,018$613$362$89
40 years$2,488$1,568$954$565$328$78
41 years$2,400$1,492$895$521$297$67
42 years$2,317$1,421$839$481$270$59
43 years$2,238$1,354$787$444$245$51
44 years$2,162$1,291$739$410$222$44
45 years$2,091$1,231$694$379$202$38
46 years$2,022$1,174$652$350$183$33
47 years$1,957$1,120$612$323$166$29
48 years$1,894$1,070$575$299$151$25
49 years$1,834$1,021$541$276$137$22
50 years$1,777$976$509$255$125$19

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 $5,040 every year, while hoping to spend $22,120 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: 51/39/10 Blend
55$1,820,000$1,820,000$1,820,000$1,820,000
56$2,010,839$1,914,379$1,886,169$2,107,871
57$2,192,409$1,984,648$1,925,820$2,244,903
58$2,391,758$2,057,619$1,966,058$2,391,008
59$2,610,675$2,133,400$2,006,879$2,549,323
60$2,851,134$2,212,107$2,048,279$2,721,003
61$3,115,305$2,293,856$2,090,253$2,907,315
62$3,405,583$2,378,771$2,132,793$3,109,656
63$3,724,604$2,466,982$2,175,892$3,329,559
64$4,075,271$2,558,622$2,219,543$3,568,709
65$4,460,785$2,653,831$2,263,734$3,828,963
66$4,884,672$2,752,756$2,308,456$4,112,360
67$5,350,815$2,855,547$2,353,696$4,421,143
68$5,863,494$2,962,365$2,399,440$4,757,782
69$6,427,423$3,073,374$2,445,674$5,124,992
70$7,047,798$3,188,746$2,492,382$5,525,762
71$7,730,341$3,308,662$2,539,544$5,963,381
72$8,481,359$3,433,310$2,587,142$6,441,467
73$9,307,800$3,562,885$2,635,154$6,964,004
74$10,217,321$3,697,591$2,683,557$7,535,376
75$11,218,357$3,837,642$2,732,325$8,160,408
76$12,320,202$3,983,260$2,781,431$8,844,413
77$13,533,100$4,134,677$2,830,846$9,593,238
78$14,868,334$4,292,134$2,880,537$10,413,322
79$16,338,341$4,455,885$2,930,472$11,311,754
80$17,956,821$4,626,193$2,980,612$12,296,338
81$19,738,874$4,803,333$3,030,919$13,375,669
82$21,701,135$4,987,593$3,081,351$14,559,210
83$23,861,937$5,179,271$3,131,863$15,857,382
84$26,241,480$5,378,681$3,182,406$17,281,661
85$28,862,025$5,586,150$3,232,930$18,844,685
86$31,748,097$5,802,017$3,283,379$20,560,375
87$34,926,727$6,026,640$3,333,696$22,444,060
88$38,427,697$6,260,389$3,383,819$24,512,625
89$42,283,828$6,503,653$3,433,682$26,784,667
90$46,531,283$6,756,837$3,483,215$29,280,670
91$51,209,916$7,020,364$3,532,345$32,023,198
92$56,363,641$7,294,676$3,580,992$35,037,104
93$62,040,851$7,580,234$3,629,074$38,349,767
94$68,294,872$7,877,520$3,676,503$41,991,345
95$75,184,468$8,187,037$3,723,184$45,995,061
96$82,774,393$8,509,312$3,769,021$50,397,513
97$91,136,006$8,844,892$3,813,908$55,239,020
98$100,347,940$9,194,354$3,857,735$60,564,000
99$110,496,847$9,558,294$3,900,386$66,421,385
100$121,678,216$9,937,340$3,941,739$72,865,087