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

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$152,771$151,410$150,083$148,787$147,522$142,231
2 years$75,629$74,221$72,856$71,532$70,248$64,975
3 years$49,919$48,504$47,142$45,831$44,568$39,479
4 years$37,066$35,656$34,308$33,019$31,787$26,919
5 years$29,356$27,954$26,624$25,362$24,164$19,531
6 years$24,218$22,827$21,516$20,282$19,120$14,726
7 years$20,550$19,170$17,880$16,675$15,550$11,393
8 years$17,799$16,432$15,164$13,988$12,900$8,977
9 years$15,661$14,307$13,061$11,915$10,864$7,170
10 years$13,952$12,611$11,386$10,271$9,256$5,785
11 years$12,554$11,227$10,024$8,939$7,961$4,704
12 years$11,391$10,077$8,896$7,840$6,899$3,849
13 years$10,407$9,106$7,948$6,922$6,016$3,165
14 years$9,564$8,277$7,142$6,144$5,273$2,613
15 years$8,834$7,562$6,448$5,480$4,643$2,165
16 years$8,196$6,938$5,846$4,907$4,104$1,797
17 years$7,634$6,389$5,320$4,408$3,638$1,496
18 years$7,135$5,904$4,856$3,973$3,235$1,247
19 years$6,689$5,472$4,446$3,590$2,884$1,041
20 years$6,288$5,085$4,080$3,251$2,576$870
21 years$5,925$4,736$3,753$2,951$2,305$728
22 years$5,596$4,421$3,459$2,683$2,066$610
23 years$5,296$4,135$3,194$2,443$1,855$511
24 years$5,022$3,874$2,953$2,229$1,667$429
25 years$4,770$3,636$2,736$2,035$1,500$359
26 years$4,537$3,417$2,537$1,861$1,351$302
27 years$4,322$3,216$2,356$1,703$1,218$253
28 years$4,123$3,030$2,190$1,561$1,099$213
29 years$3,938$2,859$2,038$1,431$993$179
30 years$3,766$2,700$1,898$1,313$897$150
31 years$3,605$2,552$1,770$1,206$811$126
32 years$3,454$2,415$1,651$1,109$733$106
33 years$3,313$2,287$1,542$1,019$664$89
34 years$3,180$2,167$1,441$938$601$75
35 years$3,056$2,056$1,347$863$544$63
36 years$2,938$1,951$1,260$795$493$53
37 years$2,827$1,853$1,179$733$447$45
38 years$2,722$1,761$1,104$675$405$37
39 years$2,623$1,675$1,035$623$367$31
40 years$2,529$1,593$970$574$333$26
41 years$2,440$1,517$909$530$302$22
42 years$2,355$1,444$853$489$274$19
43 years$2,275$1,376$800$451$249$16
44 years$2,198$1,312$751$417$226$13
45 years$2,125$1,251$705$385$205$11
46 years$2,055$1,193$663$356$186$9
47 years$1,989$1,139$622$329$169$8
48 years$1,925$1,087$585$304$154$7
49 years$1,864$1,038$550$281$140$6
50 years$1,806$992$517$259$127$5

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 $3,519 every year, while hoping to spend $35,106 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: 48/22/30 Blend
55$1,850,000$1,850,000$1,850,000$1,850,000
56$2,042,330$1,944,280$1,915,605$2,122,692
57$2,213,295$2,002,197$1,942,425$2,237,667
58$2,400,522$2,061,776$1,968,967$2,358,764
59$2,605,632$2,123,060$1,995,185$2,489,616
60$2,830,412$2,186,095$2,021,029$2,631,163
61$3,076,828$2,250,928$2,046,447$2,784,440
62$3,347,047$2,317,605$2,071,385$2,950,588
63$3,643,454$2,386,176$2,095,785$3,130,861
64$3,968,677$2,456,689$2,119,584$3,326,642
65$4,325,610$2,529,196$2,142,719$3,539,454
66$4,717,444$2,603,747$2,165,121$3,770,974
67$5,147,688$2,680,396$2,186,718$4,023,050
68$5,620,214$2,759,197$2,207,434$4,297,717
69$6,139,281$2,840,204$2,227,189$4,597,219
70$6,709,587$2,923,473$2,245,899$4,924,025
71$7,336,303$3,009,061$2,263,475$5,280,857
72$8,025,128$3,097,027$2,279,823$5,670,714
73$8,782,339$3,187,429$2,294,845$6,096,899
74$9,614,853$3,280,329$2,308,438$6,563,055
75$10,530,290$3,375,787$2,320,493$7,073,191
76$11,537,046$3,473,866$2,330,896$7,631,728
77$12,644,369$3,574,631$2,339,525$8,243,536
78$13,862,452$3,678,145$2,346,256$8,913,982
79$15,202,522$3,784,474$2,350,956$9,648,979
80$16,676,952$3,893,685$2,353,486$10,455,043
81$18,299,372$4,005,847$2,353,699$11,339,357
82$20,084,803$4,121,028$2,351,442$12,309,833
83$22,049,792$4,239,298$2,346,555$13,375,191
84$24,212,575$4,360,728$2,338,869$14,545,042
85$26,593,244$4,485,390$2,328,207$15,829,974
86$29,213,937$4,613,356$2,314,384$17,241,657
87$32,099,048$4,744,700$2,297,206$18,792,953
88$35,275,458$4,879,497$2,276,469$20,498,034
89$38,772,783$5,017,821$2,251,959$22,372,517
90$42,623,662$5,159,749$2,223,455$24,433,616
91$46,864,056$5,305,358$2,190,721$26,700,298
92$51,533,593$5,454,723$2,153,513$29,193,466
93$56,675,939$5,607,924$2,111,575$31,936,157
94$62,339,210$5,765,038$2,064,639$34,953,758
95$68,576,429$5,926,144$2,012,423$38,274,246
96$75,446,020$6,091,321$1,954,635$41,928,454
97$83,012,366$6,260,647$1,890,967$45,950,361
98$91,346,410$6,434,202$1,821,098$50,377,411
99$100,526,331$6,612,065$1,744,691$55,250,872
100$110,638,276$6,794,315$1,661,397$60,616,223