Can I retire at age 56 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$157,726$156,321$154,950$153,612$152,306$151,030
2 years$78,082$76,628$75,219$73,852$72,527$71,241
3 years$51,538$50,077$48,671$47,318$46,014$44,758
4 years$38,268$36,812$35,420$34,090$32,818$31,601
5 years$30,308$28,861$27,488$26,184$24,947$23,774
6 years$25,004$23,567$22,214$20,940$19,740$18,611
7 years$21,216$19,792$18,460$17,216$16,054$14,970
8 years$18,377$16,965$15,656$14,442$13,318$12,279
9 years$16,169$14,771$13,484$12,301$11,216$10,222
10 years$14,405$13,020$11,756$10,604$9,557$8,606
11 years$12,962$11,591$10,350$9,228$8,219$7,312
12 years$11,760$10,404$9,185$8,095$7,122$6,258
13 years$10,744$9,402$8,206$7,146$6,211$5,388
14 years$9,874$8,546$7,373$6,344$5,444$4,662
15 years$9,121$7,807$6,657$5,657$4,794$4,051
16 years$8,462$7,163$6,036$5,066$4,237$3,533
17 years$7,882$6,597$5,492$4,551$3,756$3,090
18 years$7,366$6,095$5,014$4,102$3,340$2,709
19 years$6,906$5,649$4,590$3,706$2,977$2,381
20 years$6,491$5,250$4,212$3,357$2,659$2,096
21 years$6,117$4,890$3,874$3,046$2,380$1,849
22 years$5,778$4,564$3,571$2,770$2,133$1,633
23 years$5,468$4,269$3,297$2,523$1,915$1,444
24 years$5,185$4,000$3,049$2,301$1,721$1,278
25 years$4,924$3,754$2,824$2,101$1,549$1,133
26 years$4,684$3,528$2,619$1,921$1,395$1,005
27 years$4,463$3,320$2,432$1,759$1,258$892
28 years$4,257$3,128$2,261$1,611$1,135$792
29 years$4,066$2,951$2,104$1,478$1,025$704
30 years$3,888$2,787$1,960$1,356$926$626
31 years$3,722$2,635$1,827$1,245$837$557
32 years$3,566$2,493$1,705$1,145$757$495
33 years$3,421$2,361$1,592$1,052$685$441
34 years$3,284$2,238$1,487$968$620$393
35 years$3,155$2,122$1,391$891$562$350
36 years$3,034$2,014$1,301$821$509$312
37 years$2,919$1,913$1,218$756$461$278
38 years$2,811$1,818$1,140$697$418$248
39 years$2,708$1,729$1,068$643$379$221
40 years$2,611$1,645$1,001$593$344$197
41 years$2,519$1,566$939$547$312$176
42 years$2,432$1,491$881$505$283$157
43 years$2,349$1,421$826$466$257$140
44 years$2,269$1,354$776$430$233$125
45 years$2,194$1,292$728$397$212$111
46 years$2,122$1,232$684$367$192$99
47 years$2,053$1,176$643$339$175$89
48 years$1,988$1,122$604$313$159$79
49 years$1,925$1,072$568$290$144$71
50 years$1,865$1,024$534$268$131$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,910,000, adding $3,870 every year, while hoping to spend $48,165 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: 56/30/14 Blend
55$1,910,000$1,910,000$1,910,000$1,910,000
56$2,108,812$2,007,582$1,977,977$2,219,064
57$2,272,664$2,054,706$1,992,992$2,341,409
58$2,451,614$2,102,525$2,006,896$2,469,027
59$2,647,152$2,151,022$2,019,600$2,606,925
60$2,860,917$2,200,178$2,031,013$2,756,096
61$3,094,715$2,249,971$2,041,036$2,917,632
62$3,350,532$2,300,376$2,049,567$3,092,739
63$3,630,558$2,351,366$2,056,499$3,282,743
64$3,937,202$2,402,910$2,061,719$3,489,104
65$4,273,118$2,454,975$2,065,108$3,713,433
66$4,641,229$2,507,521$2,066,541$3,957,503
67$5,044,752$2,560,508$2,065,889$4,223,269
68$5,487,234$2,613,890$2,063,013$4,512,886
69$5,972,579$2,667,617$2,057,771$4,828,725
70$6,505,086$2,721,635$2,050,011$5,173,401
71$7,089,494$2,775,883$2,039,575$5,549,798
72$7,731,019$2,830,298$2,026,297$5,961,089
73$8,435,409$2,884,809$2,010,004$6,410,776
74$9,208,995$2,939,339$1,990,514$6,902,715
75$10,058,752$2,993,806$1,967,635$7,441,157
76$10,992,363$3,048,121$1,941,170$8,030,787
77$12,018,292$3,102,188$1,910,907$8,676,767
78$13,145,865$3,155,901$1,876,629$9,384,788
79$14,385,353$3,209,151$1,838,107$10,161,122
80$15,748,076$3,261,816$1,795,100$11,012,681
81$17,246,502$3,313,768$1,747,358$11,947,083
82$18,894,370$3,364,866$1,694,619$12,972,725
83$20,706,814$3,414,964$1,636,608$14,098,861
84$22,700,513$3,463,900$1,573,037$15,335,691
85$24,893,839$3,511,505$1,503,608$16,694,458
86$27,307,038$3,557,596$1,428,006$18,187,551
87$29,962,414$3,601,977$1,345,903$19,828,628
88$32,884,546$3,644,439$1,256,956$21,632,740
89$36,100,513$3,684,761$1,160,808$23,616,478
90$39,640,154$3,722,702$1,057,083$25,798,127
91$43,536,346$3,758,011$945,392$28,197,839
92$47,825,316$3,790,416$825,325$30,837,828
93$52,546,980$3,819,629$696,456$33,742,575
94$57,745,325$3,845,343$558,339$36,939,063
95$63,468,815$3,867,232$410,511$40,457,031
96$69,770,855$3,884,947$252,484$44,329,257
97$76,710,292$3,898,119$83,752$48,591,868
98$84,351,970$3,906,356$0$53,284,681
99$92,767,342$3,909,238$0$58,465,966
100$102,035,144$3,906,323$0$64,183,989