Can I retire at age 56 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$151,120$149,774$148,460$147,178$145,927$141,143
2 years$74,812$73,418$72,068$70,759$69,489$64,715
3 years$49,379$47,980$46,633$45,336$44,087$39,472
4 years$36,665$35,270$33,937$32,662$31,443$27,023
5 years$29,039$27,652$26,336$25,088$23,902$19,690
6 years$23,956$22,580$21,284$20,063$18,913$14,911
7 years$20,327$18,963$17,687$16,495$15,381$11,589
8 years$17,607$16,255$15,000$13,837$12,760$9,175
9 years$15,492$14,153$12,919$11,786$10,746$7,363
10 years$13,801$12,475$11,263$10,160$9,156$5,971
11 years$12,419$11,106$9,916$8,842$7,875$4,881
12 years$11,267$9,968$8,800$7,756$6,824$4,015
13 years$10,294$9,008$7,862$6,847$5,951$3,320
14 years$9,460$8,188$7,064$6,078$5,216$2,756
15 years$8,739$7,480$6,378$5,421$4,593$2,296
16 years$8,108$6,863$5,783$4,853$4,059$1,918
17 years$7,551$6,320$5,262$4,361$3,599$1,605
18 years$7,058$5,840$4,804$3,930$3,200$1,346
19 years$6,616$5,413$4,398$3,551$2,852$1,131
20 years$6,220$5,030$4,036$3,216$2,548$951
21 years$5,861$4,685$3,712$2,919$2,280$801
22 years$5,536$4,373$3,421$2,654$2,044$675
23 years$5,239$4,090$3,159$2,417$1,835$569
24 years$4,967$3,832$2,922$2,204$1,649$480
25 years$4,718$3,596$2,706$2,013$1,484$405
26 years$4,488$3,380$2,510$1,841$1,337$342
27 years$4,276$3,181$2,330$1,685$1,205$289
28 years$4,079$2,997$2,166$1,544$1,087$245
29 years$3,896$2,828$2,016$1,416$982$207
30 years$3,725$2,670$1,878$1,299$887$175
31 years$3,566$2,524$1,751$1,193$802$148
32 years$3,417$2,389$1,633$1,097$726$125
33 years$3,277$2,262$1,525$1,008$657$106
34 years$3,146$2,144$1,425$928$594$90
35 years$3,023$2,034$1,332$854$538$76
36 years$2,906$1,930$1,246$787$488$64
37 years$2,797$1,833$1,167$725$442$54
38 years$2,693$1,742$1,092$668$401$46
39 years$2,595$1,657$1,023$616$364$39
40 years$2,502$1,576$959$568$330$33
41 years$2,414$1,500$899$524$299$28
42 years$2,330$1,429$844$484$271$24
43 years$2,250$1,361$792$447$246$20
44 years$2,174$1,298$743$412$224$17
45 years$2,102$1,237$698$381$203$14
46 years$2,033$1,181$655$352$184$12
47 years$1,967$1,127$616$325$167$10
48 years$1,904$1,075$579$300$152$9
49 years$1,844$1,027$544$278$138$7
50 years$1,787$981$511$257$125$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,830,000, adding $3,245 every year, while hoping to spend $50,883 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: 70/17/13 Blend
55$1,830,000$1,830,000$1,830,000$1,830,000
56$2,020,007$1,923,017$1,894,652$2,155,440
57$2,171,909$1,963,106$1,903,984$2,285,853
58$2,337,599$2,003,454$1,911,923$2,422,072
59$2,518,431$2,044,019$1,918,369$2,569,813
60$2,715,892$2,084,758$1,923,216$2,730,204
61$2,931,624$2,125,621$1,926,354$2,904,485
62$3,167,429$2,166,556$1,927,666$3,094,024
63$3,425,295$2,207,506$1,927,031$3,300,326
64$3,707,409$2,248,408$1,924,321$3,525,052
65$4,016,179$2,289,195$1,919,401$3,770,028
66$4,354,259$2,329,795$1,912,130$4,037,270
67$4,724,569$2,370,130$1,902,361$4,328,997
68$5,130,324$2,410,116$1,889,940$4,647,654
69$5,575,068$2,449,662$1,874,704$4,995,936
70$6,062,701$2,488,672$1,856,483$5,376,813
71$6,597,521$2,527,041$1,835,099$5,793,557
72$7,184,260$2,564,658$1,810,367$6,249,774
73$7,828,130$2,601,402$1,782,090$6,749,438
74$8,534,875$2,637,145$1,750,065$7,296,927
75$9,310,817$2,671,751$1,714,078$7,897,068
76$10,162,926$2,705,072$1,673,904$8,555,180
77$11,098,875$2,736,952$1,629,311$9,277,124
78$12,127,121$2,767,222$1,580,053$10,069,359
79$13,256,976$2,795,705$1,525,874$10,939,004
80$14,498,702$2,822,210$1,466,505$11,893,906
81$15,863,605$2,846,532$1,401,668$12,942,711
82$17,364,137$2,868,457$1,331,069$14,094,948
83$19,014,021$2,887,754$1,254,401$15,361,120
84$20,828,373$2,904,176$1,171,346$16,752,802
85$22,823,849$2,917,462$1,081,568$18,282,751
86$25,018,800$2,927,336$984,719$19,965,026
87$27,433,444$2,933,502$880,433$21,815,123
88$30,090,057$2,935,645$768,329$23,850,119
89$33,013,184$2,933,433$648,010$26,088,834
90$36,229,870$2,926,512$519,059$28,552,013
91$39,769,912$2,914,506$381,043$31,262,516
92$43,666,142$2,897,017$233,507$34,245,539
93$47,954,739$2,873,621$75,980$37,528,850
94$52,675,564$2,843,870$0$41,143,054
95$57,872,541$2,807,289$0$45,134,658
96$63,594,067$2,763,373$0$49,540,133
97$69,893,473$2,711,590$0$54,389,973
98$76,829,522$2,651,372$0$59,729,406
99$84,466,965$2,582,122$0$65,608,275
100$92,877,154$2,503,204$0$72,081,506