Can I retire at age 56 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$156,900$155,503$154,139$152,808$151,509$148,999
2 years$77,673$76,227$74,825$73,465$72,147$69,626
3 years$51,268$49,815$48,417$47,070$45,773$43,319
4 years$38,068$36,619$35,235$33,911$32,646$30,277
5 years$30,150$28,710$27,344$26,047$24,817$22,541
6 years$24,873$23,444$22,098$20,830$19,637$17,456
7 years$21,105$19,688$18,363$17,126$15,970$13,886
8 years$18,280$16,876$15,574$14,366$13,249$11,260
9 years$16,085$14,694$13,414$12,237$11,157$9,263
10 years$14,329$12,952$11,694$10,548$9,506$7,705
11 years$12,894$11,530$10,295$9,180$8,176$6,466
12 years$11,698$10,349$9,137$8,052$7,085$5,464
13 years$10,688$9,353$8,163$7,109$6,178$4,643
14 years$9,822$8,501$7,335$6,310$5,416$3,965
15 years$9,073$7,766$6,622$5,628$4,769$3,399
16 years$8,418$7,125$6,004$5,039$4,214$2,923
17 years$7,840$6,562$5,463$4,528$3,737$2,520
18 years$7,328$6,064$4,987$4,080$3,323$2,179
19 years$6,869$5,620$4,566$3,687$2,962$1,887
20 years$6,457$5,222$4,190$3,339$2,645$1,637
21 years$6,085$4,864$3,854$3,031$2,367$1,422
22 years$5,747$4,540$3,552$2,755$2,122$1,237
23 years$5,439$4,247$3,280$2,509$1,905$1,077
24 years$5,157$3,979$3,033$2,289$1,712$939
25 years$4,898$3,734$2,809$2,090$1,541$819
26 years$4,660$3,509$2,606$1,911$1,388$715
27 years$4,439$3,303$2,420$1,749$1,251$625
28 years$4,235$3,112$2,249$1,603$1,129$546
29 years$4,045$2,936$2,093$1,470$1,019$477
30 years$3,868$2,773$1,950$1,349$921$418
31 years$3,702$2,621$1,818$1,239$833$365
32 years$3,548$2,480$1,696$1,139$753$320
33 years$3,403$2,349$1,583$1,047$682$280
34 years$3,266$2,226$1,479$963$617$245
35 years$3,138$2,111$1,383$887$559$215
36 years$3,018$2,004$1,294$817$507$188
37 years$2,904$1,903$1,211$752$459$165
38 years$2,796$1,809$1,134$694$416$145
39 years$2,694$1,720$1,063$640$377$127
40 years$2,598$1,636$996$590$342$111
41 years$2,506$1,558$934$544$311$97
42 years$2,419$1,484$876$502$282$85
43 years$2,336$1,414$822$464$256$75
44 years$2,257$1,347$772$428$232$66
45 years$2,182$1,285$725$395$211$58
46 years$2,111$1,226$681$365$191$50
47 years$2,043$1,170$639$337$174$44
48 years$1,977$1,117$601$312$158$39
49 years$1,915$1,066$565$288$143$34
50 years$1,855$1,019$531$266$130$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,900,000, adding $3,379 every year, while hoping to spend $41,953 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: 36/34/30 Blend
55$1,900,000$1,900,000$1,900,000$1,900,000
56$2,097,285$1,996,585$1,967,135$2,153,827
57$2,266,571$2,049,780$1,988,397$2,249,602
58$2,451,717$2,104,176$2,008,964$2,348,921
59$2,654,298$2,159,786$2,028,771$2,455,356
60$2,876,047$2,216,626$2,047,744$2,569,577
61$3,118,870$2,274,707$2,065,810$2,692,325
62$3,384,870$2,334,043$2,082,890$2,824,411
63$3,676,359$2,394,643$2,098,899$2,966,733
64$3,995,887$2,456,520$2,113,752$3,120,277
65$4,346,260$2,519,682$2,127,354$3,286,133
66$4,730,568$2,584,136$2,139,611$3,465,499
67$5,152,218$2,649,890$2,150,419$3,659,696
68$5,614,958$2,716,949$2,159,672$3,870,182
69$6,122,920$2,785,316$2,167,258$4,098,562
70$6,680,654$2,854,992$2,173,057$4,346,604
71$7,293,172$2,925,979$2,176,946$4,616,260
72$7,965,997$2,998,273$2,178,795$4,909,678
73$8,705,211$3,071,871$2,178,467$5,229,229
74$9,517,515$3,146,765$2,175,818$5,577,523
75$10,410,292$3,222,947$2,170,699$5,957,440
76$11,391,675$3,300,405$2,162,950$6,372,154
77$12,470,624$3,379,123$2,152,407$6,825,163
78$13,657,012$3,459,084$2,138,897$7,320,322
79$14,961,714$3,540,266$2,122,237$7,861,884
80$16,396,714$3,622,644$2,102,237$8,454,533
81$17,975,214$3,706,189$2,078,698$9,103,437
82$19,711,762$3,790,868$2,051,410$9,814,289
83$21,622,384$3,876,644$2,020,155$10,593,367
84$23,724,741$3,963,472$1,984,703$11,447,590
85$26,038,289$4,051,307$1,944,816$12,384,587
86$28,584,469$4,140,096$1,900,241$13,412,767
87$31,386,903$4,229,778$1,850,717$14,541,399
88$34,471,619$4,320,290$1,795,969$15,780,701
89$37,867,299$4,411,559$1,735,708$17,141,936
90$41,605,545$4,503,507$1,669,636$18,637,522
91$45,721,180$4,596,047$1,597,438$20,281,145
92$50,252,572$4,689,086$1,518,784$22,087,892
93$55,242,004$4,782,520$1,433,333$24,074,394
94$60,736,063$4,876,239$1,340,724$26,258,982
95$66,786,087$4,970,120$1,240,584$28,661,863
96$73,448,644$5,064,031$1,132,519$31,305,312
97$80,786,068$5,157,832$1,016,121$34,213,879
98$88,867,048$5,251,366$890,963$37,414,629
99$97,767,273$5,344,470$756,596$40,937,390
100$107,570,149$5,436,962$612,556$44,815,044