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%16%
1 years$156,900$155,503$154,139$152,808$151,509$147,786
2 years$77,673$76,227$74,825$73,465$72,147$68,419
3 years$51,268$49,815$48,417$47,070$45,773$42,157
4 years$38,068$36,619$35,235$33,911$32,646$29,169
5 years$30,150$28,710$27,344$26,047$24,817$21,489
6 years$24,873$23,444$22,098$20,830$19,637$16,462
7 years$21,105$19,688$18,363$17,126$15,970$12,948
8 years$18,280$16,876$15,574$14,366$13,249$10,378
9 years$16,085$14,694$13,414$12,237$11,157$8,436
10 years$14,329$12,952$11,694$10,548$9,506$6,931
11 years$12,894$11,530$10,295$9,180$8,176$5,743
12 years$11,698$10,349$9,137$8,052$7,085$4,790
13 years$10,688$9,353$8,163$7,109$6,178$4,017
14 years$9,822$8,501$7,335$6,310$5,416$3,384
15 years$9,073$7,766$6,622$5,628$4,769$2,861
16 years$8,418$7,125$6,004$5,039$4,214$2,426
17 years$7,840$6,562$5,463$4,528$3,737$2,062
18 years$7,328$6,064$4,987$4,080$3,323$1,756
19 years$6,869$5,620$4,566$3,687$2,962$1,499
20 years$6,457$5,222$4,190$3,339$2,645$1,281
21 years$6,085$4,864$3,854$3,031$2,367$1,096
22 years$5,747$4,540$3,552$2,755$2,122$939
23 years$5,439$4,247$3,280$2,509$1,905$805
24 years$5,157$3,979$3,033$2,289$1,712$691
25 years$4,898$3,734$2,809$2,090$1,541$593
26 years$4,660$3,509$2,606$1,911$1,388$509
27 years$4,439$3,303$2,420$1,749$1,251$438
28 years$4,235$3,112$2,249$1,603$1,129$377
29 years$4,045$2,936$2,093$1,470$1,019$324
30 years$3,868$2,773$1,950$1,349$921$279
31 years$3,702$2,621$1,818$1,239$833$240
32 years$3,548$2,480$1,696$1,139$753$206
33 years$3,403$2,349$1,583$1,047$682$178
34 years$3,266$2,226$1,479$963$617$153
35 years$3,138$2,111$1,383$887$559$132
36 years$3,018$2,004$1,294$817$507$114
37 years$2,904$1,903$1,211$752$459$98
38 years$2,796$1,809$1,134$694$416$84
39 years$2,694$1,720$1,063$640$377$73
40 years$2,598$1,636$996$590$342$63
41 years$2,506$1,558$934$544$311$54
42 years$2,419$1,484$876$502$282$46
43 years$2,336$1,414$822$464$256$40
44 years$2,257$1,347$772$428$232$35
45 years$2,182$1,285$725$395$211$30
46 years$2,111$1,226$681$365$191$26
47 years$2,043$1,170$639$337$174$22
48 years$1,977$1,117$601$312$158$19
49 years$1,915$1,066$565$288$143$16
50 years$1,855$1,019$531$266$130$14

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 $5,122 every year, while hoping to spend $32,774 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: 73/19/8 Blend
55$1,900,000$1,900,000$1,900,000$1,900,000
56$2,099,083$1,998,383$1,968,933$2,249,261
57$2,278,319$2,061,433$2,000,021$2,412,057
58$2,474,737$2,126,473$2,031,052$2,585,692
59$2,690,058$2,193,568$2,061,990$2,774,937
60$2,926,172$2,262,781$2,092,795$2,981,324
61$3,185,165$2,334,180$2,123,427$3,206,541
62$3,469,331$2,407,835$2,153,841$3,452,443
63$3,781,199$2,483,815$2,183,991$3,721,076
64$4,123,555$2,562,196$2,213,828$4,014,691
65$4,499,467$2,643,052$2,243,300$4,335,767
66$4,912,313$2,726,463$2,272,352$4,687,034
67$5,365,818$2,812,508$2,300,925$5,071,498
68$5,864,083$2,901,272$2,328,957$5,492,471
69$6,411,625$2,992,841$2,356,383$5,953,599
70$7,013,423$3,087,302$2,383,134$6,458,898
71$7,674,961$3,184,748$2,409,138$7,012,793
72$8,402,280$3,285,274$2,434,316$7,620,155
73$9,202,036$3,388,976$2,458,590$8,286,354
74$10,081,563$3,495,955$2,481,872$9,017,302
75$11,048,941$3,606,315$2,504,073$9,819,511
76$12,113,071$3,720,163$2,525,098$10,700,157
77$13,283,763$3,837,610$2,544,847$11,667,144
78$14,571,823$3,958,769$2,563,216$12,729,180
79$15,989,158$4,083,758$2,580,093$13,895,858
80$17,548,888$4,212,698$2,595,362$15,177,748
81$19,265,469$4,345,714$2,608,901$16,586,494
82$21,154,829$4,482,937$2,620,581$18,134,924
83$23,234,519$4,624,497$2,630,267$19,837,172
84$25,523,877$4,770,534$2,637,818$21,708,812
85$28,044,211$4,921,190$2,643,084$23,767,002
86$30,819,002$5,076,609$2,645,909$26,030,647
87$33,874,121$5,236,944$2,646,128$28,520,576
88$37,238,077$5,402,350$2,643,569$31,259,741
89$40,942,284$5,572,989$2,638,051$34,273,429
90$45,021,357$5,749,025$2,629,386$37,589,506
91$49,513,438$5,930,630$2,617,373$41,238,672
92$54,460,559$6,117,980$2,601,805$45,254,759
93$59,909,033$6,311,259$2,582,463$49,675,043
94$65,909,897$6,510,653$2,559,118$54,540,599
95$72,519,388$6,716,357$2,531,530$59,896,687
96$79,799,478$6,928,571$2,499,449$65,793,181
97$87,818,456$7,147,502$2,462,611$72,285,035
98$96,651,571$7,373,362$2,420,741$79,432,806
99$106,381,746$7,606,372$2,373,551$87,303,221
100$117,100,358$7,846,758$2,320,739$95,969,810