Can I retire at age 56 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$152,771$151,410$150,083$148,787$147,522$142,857
2 years$75,629$74,221$72,856$71,532$70,248$65,591
3 years$49,919$48,504$47,142$45,831$44,568$40,064
4 years$37,066$35,656$34,308$33,019$31,787$27,470
5 years$29,356$27,954$26,624$25,362$24,164$20,047
6 years$24,218$22,827$21,516$20,282$19,120$15,206
7 years$20,550$19,170$17,880$16,675$15,550$11,839
8 years$17,799$16,432$15,164$13,988$12,900$9,389
9 years$15,661$14,307$13,061$11,915$10,864$7,549
10 years$13,952$12,611$11,386$10,271$9,256$6,134
11 years$12,554$11,227$10,024$8,939$7,961$5,024
12 years$11,391$10,077$8,896$7,840$6,899$4,141
13 years$10,407$9,106$7,948$6,922$6,016$3,431
14 years$9,564$8,277$7,142$6,144$5,273$2,854
15 years$8,834$7,562$6,448$5,480$4,643$2,383
16 years$8,196$6,938$5,846$4,907$4,104$1,994
17 years$7,634$6,389$5,320$4,408$3,638$1,673
18 years$7,135$5,904$4,856$3,973$3,235$1,406
19 years$6,689$5,472$4,446$3,590$2,884$1,184
20 years$6,288$5,085$4,080$3,251$2,576$998
21 years$5,925$4,736$3,753$2,951$2,305$842
22 years$5,596$4,421$3,459$2,683$2,066$711
23 years$5,296$4,135$3,194$2,443$1,855$601
24 years$5,022$3,874$2,953$2,229$1,667$509
25 years$4,770$3,636$2,736$2,035$1,500$431
26 years$4,537$3,417$2,537$1,861$1,351$365
27 years$4,322$3,216$2,356$1,703$1,218$309
28 years$4,123$3,030$2,190$1,561$1,099$262
29 years$3,938$2,859$2,038$1,431$993$222
30 years$3,766$2,700$1,898$1,313$897$188
31 years$3,605$2,552$1,770$1,206$811$159
32 years$3,454$2,415$1,651$1,109$733$135
33 years$3,313$2,287$1,542$1,019$664$115
34 years$3,180$2,167$1,441$938$601$97
35 years$3,056$2,056$1,347$863$544$83
36 years$2,938$1,951$1,260$795$493$70
37 years$2,827$1,853$1,179$733$447$59
38 years$2,722$1,761$1,104$675$405$50
39 years$2,623$1,675$1,035$623$367$43
40 years$2,529$1,593$970$574$333$36
41 years$2,440$1,517$909$530$302$31
42 years$2,355$1,444$853$489$274$26
43 years$2,275$1,376$800$451$249$22
44 years$2,198$1,312$751$417$226$19
45 years$2,125$1,251$705$385$205$16
46 years$2,055$1,193$663$356$186$14
47 years$1,989$1,139$622$329$169$12
48 years$1,925$1,087$585$304$154$10
49 years$1,864$1,038$550$281$140$8
50 years$1,806$992$517$259$127$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,850,000, adding $6,564 every year, while hoping to spend $20,289 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: 66/27/7 Blend
55$1,850,000$1,850,000$1,850,000$1,850,000
56$2,045,471$1,947,421$1,918,746$2,177,530
57$2,232,521$2,021,257$1,961,436$2,339,928
58$2,437,971$2,098,031$2,004,877$2,514,299
59$2,663,676$2,177,866$2,049,072$2,704,326
60$2,911,678$2,260,889$2,094,023$2,911,530
61$3,184,231$2,347,234$2,139,735$3,137,587
62$3,483,814$2,437,040$2,186,207$3,384,341
63$3,813,161$2,530,453$2,233,443$3,653,822
64$4,175,281$2,627,623$2,281,442$3,948,262
65$4,573,494$2,728,711$2,330,204$4,270,118
66$5,011,452$2,833,879$2,379,727$4,622,096
67$5,493,183$2,943,303$2,430,011$5,007,173
68$6,023,124$3,057,160$2,481,053$5,428,627
69$6,606,162$3,175,641$2,532,847$5,890,066
70$7,247,683$3,298,940$2,585,391$6,395,462
71$7,953,622$3,427,263$2,638,676$6,949,190
72$8,730,517$3,560,824$2,692,697$7,556,065
73$9,585,572$3,699,847$2,747,445$8,221,389
74$10,526,726$3,844,566$2,802,910$8,951,003
75$11,562,726$3,995,223$2,859,082$9,751,337
76$12,703,209$4,152,074$2,915,946$10,629,470
77$13,958,796$4,315,385$2,973,490$11,593,203
78$15,341,188$4,485,434$3,031,696$12,651,123
79$16,863,280$4,662,511$3,090,549$13,812,690
80$18,539,280$4,846,919$3,150,028$15,088,323
81$20,384,845$5,038,976$3,210,111$16,489,497
82$22,417,225$5,239,012$3,270,776$18,028,851
83$24,655,432$5,447,373$3,331,997$19,720,309
84$27,120,412$5,664,421$3,393,746$21,579,207
85$29,835,250$5,890,534$3,455,992$23,622,438
86$32,825,381$6,126,105$3,518,703$25,868,612
87$36,118,833$6,371,548$3,581,843$28,338,229
88$39,746,494$6,627,293$3,645,374$31,053,873
89$43,742,397$6,893,791$3,709,255$34,040,422
90$48,144,048$7,171,514$3,773,441$37,325,286
91$52,992,775$7,460,952$3,837,886$40,938,659
92$58,334,120$7,762,621$3,902,537$44,913,807
93$64,218,269$8,077,058$3,967,341$49,287,379
94$70,700,524$8,404,825$4,032,239$54,099,754
95$77,841,827$8,746,512$4,097,168$59,395,417
96$85,709,333$9,102,730$4,162,063$65,223,381
97$94,377,046$9,474,125$4,226,853$71,637,648
98$103,926,514$9,861,366$4,291,462$78,697,715
99$114,447,603$10,265,158$4,355,810$86,469,135
100$126,039,341$10,686,233$4,419,812$95,024,137