Can I retire at age 56 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$154,423$153,047$151,705$150,395$149,116$144,517
2 years$76,447$75,023$73,643$72,306$71,008$66,414
3 years$50,458$49,028$47,652$46,327$45,050$40,606
4 years$37,467$36,041$34,679$33,376$32,130$27,870
5 years$29,674$28,257$26,912$25,636$24,425$20,360
6 years$24,480$23,074$21,749$20,501$19,327$15,461
7 years$20,772$19,377$18,073$16,855$15,718$12,051
8 years$17,992$16,610$15,328$14,139$13,039$9,569
9 years$15,831$14,462$13,202$12,044$10,981$7,703
10 years$14,103$12,747$11,510$10,382$9,356$6,266
11 years$12,690$11,348$10,133$9,035$8,047$5,139
12 years$11,514$10,186$8,993$7,925$6,973$4,242
13 years$10,519$9,205$8,034$6,997$6,081$3,519
14 years$9,667$8,367$7,219$6,211$5,330$2,932
15 years$8,930$7,643$6,518$5,539$4,693$2,451
16 years$8,285$7,013$5,909$4,960$4,148$2,054
17 years$7,716$6,458$5,377$4,456$3,678$1,726
18 years$7,212$5,968$4,909$4,016$3,270$1,453
19 years$6,761$5,531$4,494$3,629$2,915$1,225
20 years$6,356$5,140$4,124$3,286$2,604$1,034
21 years$5,989$4,787$3,793$2,983$2,330$874
22 years$5,657$4,469$3,496$2,712$2,088$739
23 years$5,354$4,180$3,228$2,470$1,875$626
24 years$5,076$3,916$2,985$2,253$1,685$530
25 years$4,821$3,675$2,765$2,057$1,516$450
26 years$4,586$3,454$2,564$1,881$1,366$381
27 years$4,369$3,251$2,381$1,722$1,231$324
28 years$4,168$3,063$2,214$1,577$1,111$275
29 years$3,981$2,890$2,060$1,447$1,003$233
30 years$3,807$2,729$1,919$1,328$907$198
31 years$3,644$2,580$1,789$1,219$820$168
32 years$3,492$2,441$1,669$1,121$741$143
33 years$3,349$2,312$1,558$1,030$671$121
34 years$3,215$2,191$1,456$948$607$103
35 years$3,089$2,078$1,361$873$550$88
36 years$2,970$1,972$1,274$804$499$74
37 years$2,858$1,873$1,192$741$452$63
38 years$2,752$1,780$1,116$683$410$54
39 years$2,652$1,693$1,046$629$371$46
40 years$2,557$1,611$980$581$337$39
41 years$2,466$1,533$919$536$306$33
42 years$2,381$1,460$862$494$277$28
43 years$2,299$1,391$809$456$252$24
44 years$2,222$1,326$759$421$228$20
45 years$2,148$1,265$713$389$207$17
46 years$2,078$1,206$670$359$188$15
47 years$2,010$1,151$629$332$171$12
48 years$1,946$1,099$591$307$155$11
49 years$1,885$1,049$556$284$141$9
50 years$1,826$1,002$523$262$128$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,870,000, adding $4,358 every year, while hoping to spend $35,275 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: 52/31/17 Blend
55$1,870,000$1,870,000$1,870,000$1,870,000
56$2,065,235$1,966,125$1,937,140$2,162,840
57$2,238,357$2,024,933$1,964,502$2,289,084
58$2,427,955$2,085,440$1,991,598$2,422,255
59$2,635,672$2,147,693$2,018,383$2,566,326
60$2,863,319$2,211,738$2,044,807$2,722,338
61$3,112,887$2,277,623$2,070,818$2,891,443
62$3,386,574$2,345,399$2,096,362$3,074,903
63$3,686,796$2,415,115$2,121,382$3,274,111
64$4,016,217$2,486,823$2,145,816$3,490,599
65$4,377,769$2,560,575$2,169,599$3,726,054
66$4,774,685$2,636,427$2,192,664$3,982,333
67$5,210,523$2,714,432$2,214,938$4,261,481
68$5,689,204$2,794,647$2,236,347$4,565,751
69$6,215,048$2,877,130$2,256,810$4,897,621
70$6,792,813$2,961,939$2,276,243$5,259,823
71$7,427,740$3,049,135$2,294,557$5,655,366
72$8,125,605$3,138,778$2,311,660$6,087,561
73$8,892,770$3,230,931$2,327,454$6,560,059
74$9,736,243$3,325,657$2,341,834$7,076,877
75$10,663,748$3,423,023$2,354,694$7,642,444
76$11,683,792$3,523,092$2,365,918$8,261,636
77$12,805,750$3,625,934$2,375,386$8,939,827
78$14,039,948$3,731,617$2,382,974$9,682,935
79$15,397,767$3,840,211$2,388,548$10,497,480
80$16,891,745$3,951,787$2,391,970$11,390,647
81$18,535,696$4,066,417$2,393,094$12,370,348
82$20,344,841$4,184,176$2,391,766$13,445,306
83$22,335,951$4,305,137$2,387,827$14,625,125
84$24,527,507$4,429,378$2,381,108$15,920,391
85$26,939,871$4,556,975$2,371,433$17,342,767
86$29,595,477$4,688,006$2,358,616$18,905,103
87$32,519,050$4,822,553$2,342,464$20,621,557
88$35,737,829$4,960,694$2,322,772$22,507,730
89$39,281,832$5,102,512$2,299,329$24,580,813
90$43,184,133$5,248,089$2,271,911$26,859,746
91$47,481,179$5,397,510$2,240,284$29,365,402
92$52,213,130$5,550,859$2,204,205$32,120,779
93$57,424,239$5,708,221$2,163,416$35,151,218
94$63,163,271$5,869,683$2,117,649$38,484,644
95$69,483,959$6,035,332$2,066,625$42,151,830
96$76,445,516$6,205,256$2,010,050$46,186,682
97$84,113,188$6,379,544$1,947,616$50,626,565
98$92,558,875$6,558,283$1,879,004$55,512,653
99$101,861,806$6,741,565$1,803,876$60,890,318
100$112,109,287$6,929,478$1,721,882$66,809,557