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%19.1%
1 years$152,771$151,410$150,083$148,787$147,522$142,118
2 years$75,629$74,221$72,856$71,532$70,248$64,864
3 years$49,919$48,504$47,142$45,831$44,568$39,373
4 years$37,066$35,656$34,308$33,019$31,787$26,820
5 years$29,356$27,954$26,624$25,362$24,164$19,439
6 years$24,218$22,827$21,516$20,282$19,120$14,640
7 years$20,550$19,170$17,880$16,675$15,550$11,314
8 years$17,799$16,432$15,164$13,988$12,900$8,904
9 years$15,661$14,307$13,061$11,915$10,864$7,103
10 years$13,952$12,611$11,386$10,271$9,256$5,723
11 years$12,554$11,227$10,024$8,939$7,961$4,648
12 years$11,391$10,077$8,896$7,840$6,899$3,799
13 years$10,407$9,106$7,948$6,922$6,016$3,119
14 years$9,564$8,277$7,142$6,144$5,273$2,572
15 years$8,834$7,562$6,448$5,480$4,643$2,127
16 years$8,196$6,938$5,846$4,907$4,104$1,764
17 years$7,634$6,389$5,320$4,408$3,638$1,466
18 years$7,135$5,904$4,856$3,973$3,235$1,220
19 years$6,689$5,472$4,446$3,590$2,884$1,017
20 years$6,288$5,085$4,080$3,251$2,576$849
21 years$5,925$4,736$3,753$2,951$2,305$709
22 years$5,596$4,421$3,459$2,683$2,066$593
23 years$5,296$4,135$3,194$2,443$1,855$496
24 years$5,022$3,874$2,953$2,229$1,667$415
25 years$4,770$3,636$2,736$2,035$1,500$348
26 years$4,537$3,417$2,537$1,861$1,351$291
27 years$4,322$3,216$2,356$1,703$1,218$244
28 years$4,123$3,030$2,190$1,561$1,099$205
29 years$3,938$2,859$2,038$1,431$993$172
30 years$3,766$2,700$1,898$1,313$897$144
31 years$3,605$2,552$1,770$1,206$811$121
32 years$3,454$2,415$1,651$1,109$733$101
33 years$3,313$2,287$1,542$1,019$664$85
34 years$3,180$2,167$1,441$938$601$71
35 years$3,056$2,056$1,347$863$544$60
36 years$2,938$1,951$1,260$795$493$50
37 years$2,827$1,853$1,179$733$447$42
38 years$2,722$1,761$1,104$675$405$35
39 years$2,623$1,675$1,035$623$367$30
40 years$2,529$1,593$970$574$333$25
41 years$2,440$1,517$909$530$302$21
42 years$2,355$1,444$853$489$274$18
43 years$2,275$1,376$800$451$249$15
44 years$2,198$1,312$751$417$226$12
45 years$2,125$1,251$705$385$205$10
46 years$2,055$1,193$663$356$186$9
47 years$1,989$1,139$622$329$169$7
48 years$1,925$1,087$585$304$154$6
49 years$1,864$1,038$550$281$140$5
50 years$1,806$992$517$259$127$4

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 $6,057 every year, while hoping to spend $38,870 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: 22/48/30 Blend
55$1,850,000$1,850,000$1,850,000$1,850,000
56$2,044,948$1,946,898$1,918,223$2,070,474
57$2,212,175$2,000,938$1,941,126$2,147,995
58$2,395,157$2,056,324$1,963,493$2,227,253
59$2,595,459$2,113,080$1,985,267$2,311,218
60$2,814,806$2,171,231$2,006,383$2,400,301
61$3,055,096$2,230,802$2,026,777$2,494,955
62$3,318,421$2,291,816$2,046,379$2,595,678
63$3,607,084$2,354,299$2,065,117$2,703,018
64$3,923,622$2,418,275$2,082,913$2,817,578
65$4,270,827$2,483,766$2,099,687$2,940,022
66$4,651,778$2,550,798$2,115,353$3,071,082
67$5,069,864$2,619,391$2,129,822$3,211,564
68$5,528,818$2,689,569$2,142,999$3,362,353
69$6,032,753$2,761,354$2,154,785$3,524,429
70$6,586,199$2,834,765$2,165,076$3,698,867
71$7,194,147$2,909,824$2,173,761$3,886,854
72$7,862,095$2,986,550$2,180,727$4,089,697
73$8,596,098$3,064,961$2,185,851$4,308,835
74$9,402,831$3,145,075$2,189,008$4,545,857
75$10,289,643$3,226,907$2,190,063$4,802,510
76$11,264,633$3,310,472$2,188,876$5,080,723
77$12,336,723$3,395,783$2,185,301$5,382,620
78$13,515,744$3,482,852$2,179,185$5,710,542
79$14,812,527$3,571,688$2,170,364$6,067,070
80$16,239,004$3,662,300$2,158,671$6,455,049
81$17,808,324$3,754,694$2,143,927$6,877,614
82$19,534,971$3,848,872$2,125,947$7,338,222
83$21,434,908$3,944,837$2,104,536$7,840,683
84$23,525,720$4,042,586$2,079,490$8,389,196
85$25,826,786$4,142,115$2,050,595$8,988,391
86$28,359,456$4,243,416$2,017,627$9,643,371
87$31,147,255$4,346,478$1,980,353$10,359,761
88$34,216,107$4,451,287$1,938,527$11,143,764
89$37,594,575$4,557,825$1,891,892$12,002,215
90$41,314,131$4,666,069$1,840,180$12,942,651
91$45,409,457$4,775,991$1,783,111$13,973,378
92$49,918,767$4,887,559$1,720,390$15,103,555
93$54,884,169$5,000,737$1,651,711$16,343,277
94$60,352,063$5,115,482$1,576,752$17,703,672
95$66,373,578$5,231,746$1,495,178$19,197,007
96$73,005,055$5,349,473$1,406,638$20,836,805
97$80,308,575$5,468,601$1,310,765$22,637,973
98$88,352,549$5,589,063$1,207,176$24,616,944
99$97,212,363$5,710,781$1,095,470$26,791,830
100$106,971,086$5,833,671$975,230$29,182,600