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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.2%
1 years$156,900$155,503$154,139$152,808$151,509$149,492
2 years$77,673$76,227$74,825$73,465$72,147$70,118
3 years$51,268$49,815$48,417$47,070$45,773$43,795
4 years$38,068$36,619$35,235$33,911$32,646$30,734
5 years$30,150$28,710$27,344$26,047$24,817$22,977
6 years$24,873$23,444$22,098$20,830$19,637$17,871
7 years$21,105$19,688$18,363$17,126$15,970$14,279
8 years$18,280$16,876$15,574$14,366$13,249$11,633
9 years$16,085$14,694$13,414$12,237$11,157$9,615
10 years$14,329$12,952$11,694$10,548$9,506$8,037
11 years$12,894$11,530$10,295$9,180$8,176$6,778
12 years$11,698$10,349$9,137$8,052$7,085$5,757
13 years$10,688$9,353$8,163$7,109$6,178$4,919
14 years$9,822$8,501$7,335$6,310$5,416$4,222
15 years$9,073$7,766$6,622$5,628$4,769$3,639
16 years$8,418$7,125$6,004$5,039$4,214$3,147
17 years$7,840$6,562$5,463$4,528$3,737$2,729
18 years$7,328$6,064$4,987$4,080$3,323$2,373
19 years$6,869$5,620$4,566$3,687$2,962$2,067
20 years$6,457$5,222$4,190$3,339$2,645$1,804
21 years$6,085$4,864$3,854$3,031$2,367$1,577
22 years$5,747$4,540$3,552$2,755$2,122$1,380
23 years$5,439$4,247$3,280$2,509$1,905$1,209
24 years$5,157$3,979$3,033$2,289$1,712$1,061
25 years$4,898$3,734$2,809$2,090$1,541$931
26 years$4,660$3,509$2,606$1,911$1,388$818
27 years$4,439$3,303$2,420$1,749$1,251$719
28 years$4,235$3,112$2,249$1,603$1,129$633
29 years$4,045$2,936$2,093$1,470$1,019$557
30 years$3,868$2,773$1,950$1,349$921$490
31 years$3,702$2,621$1,818$1,239$833$432
32 years$3,548$2,480$1,696$1,139$753$381
33 years$3,403$2,349$1,583$1,047$682$335
34 years$3,266$2,226$1,479$963$617$296
35 years$3,138$2,111$1,383$887$559$261
36 years$3,018$2,004$1,294$817$507$230
37 years$2,904$1,903$1,211$752$459$203
38 years$2,796$1,809$1,134$694$416$179
39 years$2,694$1,720$1,063$640$377$158
40 years$2,598$1,636$996$590$342$139
41 years$2,506$1,558$934$544$311$123
42 years$2,419$1,484$876$502$282$109
43 years$2,336$1,414$822$464$256$96
44 years$2,257$1,347$772$428$232$85
45 years$2,182$1,285$725$395$211$75
46 years$2,111$1,226$681$365$191$66
47 years$2,043$1,170$639$337$174$58
48 years$1,977$1,117$601$312$158$51
49 years$1,915$1,066$565$288$143$45
50 years$1,855$1,019$531$266$130$40

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 $4,243 every year, while hoping to spend $45,360 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: 53/40/7 Blend
55$1,900,000$1,900,000$1,900,000$1,900,000
56$2,098,177$1,997,477$1,968,027$2,205,647
57$2,263,928$2,047,090$1,985,693$2,328,552
58$2,445,066$2,097,615$2,002,431$2,456,874
59$2,643,111$2,149,047$2,018,161$2,595,382
60$2,859,740$2,201,381$2,032,801$2,745,048
61$3,096,796$2,254,612$2,046,262$2,906,939
62$3,356,311$2,308,730$2,058,454$3,082,232
63$3,640,521$2,363,724$2,069,278$3,272,222
64$3,951,890$2,419,581$2,078,634$3,478,334
65$4,293,129$2,476,287$2,086,415$3,702,138
66$4,667,226$2,533,823$2,092,508$3,945,364
67$5,077,471$2,592,169$2,096,795$4,209,917
68$5,527,488$2,651,300$2,099,153$4,497,893
69$6,021,269$2,711,191$2,099,451$4,811,605
70$6,563,209$2,771,810$2,097,554$5,153,597
71$7,158,152$2,833,125$2,093,318$5,526,673
72$7,811,433$2,895,097$2,086,593$5,933,924
73$8,528,927$2,957,684$2,077,222$6,378,751
74$9,317,109$3,020,842$2,065,040$6,864,906
75$10,183,109$3,084,519$2,049,874$7,396,519
76$11,134,785$3,148,658$2,031,543$7,978,144
77$12,180,791$3,213,201$2,009,858$8,614,796
78$13,330,662$3,278,079$1,984,619$9,312,001
79$14,594,905$3,343,219$1,955,619$10,075,852
80$15,985,093$3,408,545$1,922,639$10,913,058
81$17,513,977$3,473,968$1,885,453$11,831,015
82$19,195,607$3,539,397$1,843,820$12,837,874
83$21,045,463$3,604,731$1,797,491$13,942,614
84$23,080,598$3,669,861$1,746,206$15,155,132
85$25,319,806$3,734,671$1,689,690$16,486,336
86$27,783,789$3,799,033$1,627,658$17,948,244
87$30,495,362$3,862,812$1,559,810$19,554,102
88$33,479,660$3,925,861$1,485,836$21,318,508
89$36,764,381$3,988,023$1,405,406$23,257,549
90$40,380,041$4,049,130$1,318,181$25,388,954
91$44,360,269$4,109,001$1,223,803$27,732,261
92$48,742,115$4,167,441$1,121,900$30,309,003
93$53,566,409$4,224,243$1,012,081$33,142,912
94$58,878,137$4,279,186$893,941$36,260,139
95$64,726,872$4,332,031$767,053$39,689,510
96$71,167,238$4,382,526$630,974$43,462,788
97$78,259,425$4,430,399$485,241$47,614,983
98$86,069,759$4,475,361$329,369$52,184,676
99$94,671,325$4,517,104$162,854$57,214,387
100$104,144,658$4,555,300$0$62,750,980