Can I retire at age 56 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$153,597$152,229$150,894$149,591$148,319$144,033
2 years$76,038$74,622$73,250$71,919$70,628$66,344
3 years$50,189$48,766$47,397$46,079$44,809$40,662
4 years$37,266$35,848$34,493$33,197$31,958$27,979
5 years$29,515$28,106$26,768$25,499$24,294$20,493
6 years$24,349$22,950$21,633$20,392$19,223$15,605
7 years$20,661$19,274$17,977$16,765$15,634$12,197
8 years$17,896$16,521$15,246$14,064$12,970$9,714
9 years$15,746$14,385$13,131$11,979$10,922$7,844
10 years$14,027$12,679$11,448$10,326$9,306$6,401
11 years$12,622$11,288$10,079$8,987$8,004$5,266
12 years$11,452$10,131$8,945$7,883$6,936$4,361
13 years$10,463$9,156$7,991$6,959$6,048$3,630
14 years$9,615$8,322$7,180$6,178$5,302$3,035
15 years$8,882$7,602$6,483$5,509$4,668$2,546
16 years$8,241$6,975$5,878$4,933$4,126$2,142
17 years$7,675$6,424$5,348$4,432$3,658$1,806
18 years$7,173$5,936$4,882$3,994$3,253$1,526
19 years$6,725$5,501$4,470$3,609$2,899$1,291
20 years$6,322$5,112$4,102$3,269$2,590$1,094
21 years$5,957$4,762$3,773$2,967$2,317$929
22 years$5,626$4,445$3,477$2,697$2,077$789
23 years$5,325$4,157$3,211$2,457$1,865$670
24 years$5,049$3,895$2,969$2,241$1,676$570
25 years$4,795$3,655$2,750$2,046$1,508$485
26 years$4,562$3,435$2,551$1,871$1,358$413
27 years$4,346$3,233$2,369$1,713$1,225$352
28 years$4,146$3,047$2,202$1,569$1,105$300
29 years$3,959$2,874$2,049$1,439$998$256
30 years$3,786$2,714$1,909$1,321$902$218
31 years$3,624$2,566$1,779$1,213$815$186
32 years$3,473$2,428$1,660$1,115$737$159
33 years$3,331$2,299$1,550$1,025$667$135
34 years$3,198$2,179$1,448$943$604$115
35 years$3,072$2,067$1,354$868$547$99
36 years$2,954$1,962$1,267$800$496$84
37 years$2,843$1,863$1,186$737$449$72
38 years$2,737$1,771$1,110$679$407$61
39 years$2,637$1,684$1,040$626$369$52
40 years$2,543$1,602$975$577$335$45
41 years$2,453$1,525$914$533$304$38
42 years$2,368$1,452$858$492$276$33
43 years$2,287$1,384$805$454$250$28
44 years$2,210$1,319$755$419$227$24
45 years$2,136$1,258$709$387$206$20
46 years$2,066$1,200$666$358$187$17
47 years$2,000$1,145$626$330$170$15
48 years$1,936$1,093$588$305$154$13
49 years$1,874$1,044$553$282$140$11
50 years$1,816$997$520$261$127$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,860,000, adding $2,986 every year, while hoping to spend $48,615 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: 82/10/8 Blend
55$1,860,000$1,860,000$1,860,000$1,860,000
56$2,052,800$1,954,220$1,925,390$2,218,900
57$2,210,460$1,998,251$1,938,165$2,372,042
58$2,382,571$2,042,810$1,949,738$2,533,349
59$2,570,557$2,087,871$1,960,018$2,708,951
60$2,775,985$2,133,407$1,968,909$2,900,253
61$3,000,577$2,179,386$1,976,309$3,108,802
62$3,246,233$2,225,774$1,982,113$3,336,301
63$3,515,044$2,272,532$1,986,209$3,584,626
64$3,809,311$2,319,618$1,988,479$3,855,844
65$4,131,568$2,366,987$1,988,801$4,152,229
66$4,484,608$2,414,589$1,987,045$4,476,288
67$4,871,503$2,462,369$1,983,077$4,830,783
68$5,295,641$2,510,269$1,976,754$5,218,755
69$5,760,748$2,558,224$1,967,927$5,643,554
70$6,270,932$2,606,165$1,956,440$6,108,872
71$6,830,716$2,654,017$1,942,131$6,618,774
72$7,445,084$2,701,698$1,924,826$7,177,742
73$8,119,522$2,749,121$1,904,347$7,790,709
74$8,860,076$2,796,191$1,880,506$8,463,114
75$9,673,407$2,842,807$1,853,106$9,200,949
76$10,566,850$2,888,860$1,821,941$10,010,813
77$11,548,487$2,934,232$1,786,794$10,899,981
78$12,627,221$2,978,798$1,747,440$11,876,466
79$13,812,860$3,022,422$1,703,642$12,949,097
80$15,116,212$3,064,960$1,655,154$14,127,605
81$16,549,180$3,106,258$1,601,716$15,422,710
82$18,124,881$3,146,149$1,543,058$16,846,223
83$19,857,765$3,184,457$1,478,897$18,411,164
84$21,763,754$3,220,992$1,408,937$20,131,873
85$23,860,390$3,255,554$1,332,869$22,024,156
86$26,167,000$3,287,926$1,250,370$24,105,430
87$28,704,878$3,317,879$1,161,102$26,394,886
88$31,497,489$3,345,169$1,064,713$28,913,671
89$34,570,685$3,369,534$960,832$31,685,089
90$37,952,951$3,390,697$849,076$34,734,821
91$41,675,674$3,408,363$729,042$38,091,165
92$45,773,437$3,422,217$600,310$41,785,304
93$50,284,348$3,431,926$462,441$45,851,603
94$55,250,396$3,437,135$314,976$50,327,930
95$60,717,847$3,437,465$157,439$55,256,016
96$66,737,684$3,432,517$0$60,681,845
97$73,366,082$3,421,865$0$66,657,007
98$80,664,943$3,405,057$0$73,250,835
99$88,702,477$3,381,615$0$80,511,463
100$97,553,845$3,351,029$0$88,506,756