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

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$151,120$149,774$148,460$147,178$145,927$141,996
2 years$74,812$73,418$72,068$70,759$69,489$65,557
3 years$49,379$47,980$46,633$45,336$44,087$40,276
4 years$36,665$35,270$33,937$32,662$31,443$27,784
5 years$29,039$27,652$26,336$25,088$23,902$20,404
6 years$23,956$22,580$21,284$20,063$18,913$15,579
7 years$20,327$18,963$17,687$16,495$15,381$12,212
8 years$17,607$16,255$15,000$13,837$12,760$9,754
9 years$15,492$14,153$12,919$11,786$10,746$7,900
10 years$13,801$12,475$11,263$10,160$9,156$6,467
11 years$12,419$11,106$9,916$8,842$7,875$5,338
12 years$11,267$9,968$8,800$7,756$6,824$4,435
13 years$10,294$9,008$7,862$6,847$5,951$3,704
14 years$9,460$8,188$7,064$6,078$5,216$3,107
15 years$8,739$7,480$6,378$5,421$4,593$2,616
16 years$8,108$6,863$5,783$4,853$4,059$2,209
17 years$7,551$6,320$5,262$4,361$3,599$1,869
18 years$7,058$5,840$4,804$3,930$3,200$1,585
19 years$6,616$5,413$4,398$3,551$2,852$1,347
20 years$6,220$5,030$4,036$3,216$2,548$1,146
21 years$5,861$4,685$3,712$2,919$2,280$976
22 years$5,536$4,373$3,421$2,654$2,044$832
23 years$5,239$4,090$3,159$2,417$1,835$710
24 years$4,967$3,832$2,922$2,204$1,649$606
25 years$4,718$3,596$2,706$2,013$1,484$518
26 years$4,488$3,380$2,510$1,841$1,337$443
27 years$4,276$3,181$2,330$1,685$1,205$379
28 years$4,079$2,997$2,166$1,544$1,087$324
29 years$3,896$2,828$2,016$1,416$982$277
30 years$3,725$2,670$1,878$1,299$887$238
31 years$3,566$2,524$1,751$1,193$802$203
32 years$3,417$2,389$1,633$1,097$726$174
33 years$3,277$2,262$1,525$1,008$657$149
34 years$3,146$2,144$1,425$928$594$128
35 years$3,023$2,034$1,332$854$538$110
36 years$2,906$1,930$1,246$787$488$94
37 years$2,797$1,833$1,167$725$442$81
38 years$2,693$1,742$1,092$668$401$69
39 years$2,595$1,657$1,023$616$364$59
40 years$2,502$1,576$959$568$330$51
41 years$2,414$1,500$899$524$299$44
42 years$2,330$1,429$844$484$271$37
43 years$2,250$1,361$792$447$246$32
44 years$2,174$1,298$743$412$224$27
45 years$2,102$1,237$698$381$203$24
46 years$2,033$1,181$655$352$184$20
47 years$1,967$1,127$616$325$167$17
48 years$1,904$1,075$579$300$152$15
49 years$1,844$1,027$544$278$138$13
50 years$1,787$981$511$257$125$11

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 $2,707 every year, while hoping to spend $42,323 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: 53/29/18 Blend
55$1,830,000$1,830,000$1,830,000$1,830,000
56$2,019,452$1,922,462$1,894,097$2,116,465
57$2,180,405$1,971,632$1,912,518$2,232,409
58$2,356,357$2,021,792$1,930,138$2,353,818
59$2,548,792$2,072,946$1,946,884$2,484,997
60$2,759,346$2,125,099$1,962,683$2,626,890
61$2,989,821$2,178,249$1,977,453$2,780,533
62$3,242,198$2,232,399$1,991,113$2,947,070
63$3,518,660$2,287,545$2,003,574$3,127,758
64$3,821,614$2,343,685$2,014,744$3,323,984
65$4,153,706$2,400,813$2,024,526$3,537,275
66$4,517,854$2,458,922$2,032,817$3,769,314
67$4,917,269$2,518,004$2,039,511$4,021,955
68$5,355,491$2,578,047$2,044,495$4,297,239
69$5,836,416$2,639,036$2,047,650$4,597,417
70$6,364,338$2,700,956$2,048,854$4,924,968
71$6,943,984$2,763,787$2,047,974$5,282,625
72$7,580,565$2,827,506$2,044,876$5,673,396
73$8,279,818$2,892,090$2,039,415$6,100,601
74$9,048,065$2,957,508$2,031,441$6,567,894
75$9,892,270$3,023,728$2,020,797$7,079,304
76$10,820,105$3,090,715$2,007,317$7,639,270
77$11,840,023$3,158,426$1,990,828$8,252,684
78$12,961,334$3,226,818$1,971,150$8,924,937
79$14,194,298$3,295,840$1,948,092$9,661,972
80$15,550,218$3,365,438$1,921,454$10,470,336
81$17,041,547$3,435,551$1,891,030$11,357,247
82$18,682,006$3,506,114$1,856,600$12,330,656
83$20,486,712$3,577,055$1,817,938$13,399,329
84$22,472,320$3,648,294$1,774,802$14,572,927
85$24,657,183$3,719,747$1,726,945$15,862,096
86$27,061,522$3,791,321$1,674,104$17,278,569
87$29,707,617$3,862,916$1,616,006$18,835,278
88$32,620,017$3,934,421$1,552,365$20,546,475
89$35,825,772$4,005,721$1,482,882$22,427,868
90$39,354,686$4,076,687$1,407,245$24,496,768
91$43,239,603$4,147,183$1,325,126$26,772,255
92$47,516,709$4,217,062$1,236,185$29,275,356
93$52,225,881$4,286,165$1,140,064$32,029,247
94$57,411,055$4,354,322$1,036,390$35,059,469
95$63,120,649$4,421,350$924,775$38,394,173
96$69,408,011$4,487,052$804,811$42,064,383
97$76,331,930$4,551,219$676,074$46,104,292
98$83,957,184$4,613,626$538,120$50,551,583
99$92,355,154$4,674,032$390,485$55,447,789
100$101,604,500$4,732,179$232,686$60,838,683