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

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$157,726$156,321$154,950$153,612$152,306$148,203
2 years$78,082$76,628$75,219$73,852$72,527$68,423
3 years$51,538$50,077$48,671$47,318$46,014$42,037
4 years$38,268$36,812$35,420$34,090$32,818$28,998
5 years$30,308$28,861$27,488$26,184$24,947$21,296
6 years$25,004$23,567$22,214$20,940$19,740$16,260
7 years$21,216$19,792$18,460$17,216$16,054$12,746
8 years$18,377$16,965$15,656$14,442$13,318$10,181
9 years$16,169$14,771$13,484$12,301$11,216$8,245
10 years$14,405$13,020$11,756$10,604$9,557$6,749
11 years$12,962$11,591$10,350$9,228$8,219$5,571
12 years$11,760$10,404$9,185$8,095$7,122$4,629
13 years$10,744$9,402$8,206$7,146$6,211$3,866
14 years$9,874$8,546$7,373$6,344$5,444$3,243
15 years$9,121$7,807$6,657$5,657$4,794$2,730
16 years$8,462$7,163$6,036$5,066$4,237$2,305
17 years$7,882$6,597$5,492$4,551$3,756$1,951
18 years$7,366$6,095$5,014$4,102$3,340$1,654
19 years$6,906$5,649$4,590$3,706$2,977$1,405
20 years$6,491$5,250$4,212$3,357$2,659$1,196
21 years$6,117$4,890$3,874$3,046$2,380$1,018
22 years$5,778$4,564$3,571$2,770$2,133$868
23 years$5,468$4,269$3,297$2,523$1,915$741
24 years$5,185$4,000$3,049$2,301$1,721$633
25 years$4,924$3,754$2,824$2,101$1,549$541
26 years$4,684$3,528$2,619$1,921$1,395$462
27 years$4,463$3,320$2,432$1,759$1,258$395
28 years$4,257$3,128$2,261$1,611$1,135$338
29 years$4,066$2,951$2,104$1,478$1,025$290
30 years$3,888$2,787$1,960$1,356$926$248
31 years$3,722$2,635$1,827$1,245$837$212
32 years$3,566$2,493$1,705$1,145$757$182
33 years$3,421$2,361$1,592$1,052$685$156
34 years$3,284$2,238$1,487$968$620$134
35 years$3,155$2,122$1,391$891$562$114
36 years$3,034$2,014$1,301$821$509$98
37 years$2,919$1,913$1,218$756$461$84
38 years$2,811$1,818$1,140$697$418$72
39 years$2,708$1,729$1,068$643$379$62
40 years$2,611$1,645$1,001$593$344$53
41 years$2,519$1,566$939$547$312$45
42 years$2,432$1,491$881$505$283$39
43 years$2,349$1,421$826$466$257$33
44 years$2,269$1,354$776$430$233$29
45 years$2,194$1,292$728$397$212$25
46 years$2,122$1,232$684$367$192$21
47 years$2,053$1,176$643$339$175$18
48 years$1,988$1,122$604$313$159$15
49 years$1,925$1,072$568$290$144$13
50 years$1,865$1,024$534$268$131$11

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 $4,957 every year, while hoping to spend $24,827 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: 56/14/30 Blend
55$1,910,000$1,910,000$1,910,000$1,910,000
56$2,109,933$2,008,703$1,979,098$2,210,321
57$2,298,731$2,080,714$2,018,982$2,352,107
58$2,505,953$2,155,421$2,059,370$2,503,544
59$2,733,454$2,232,931$2,100,253$2,668,062
60$2,983,275$2,313,353$2,141,620$2,846,933
61$3,257,665$2,396,802$2,183,460$3,041,560
62$3,559,100$2,483,399$2,225,759$3,253,484
63$3,890,309$2,573,267$2,268,503$3,484,403
64$4,254,300$2,666,536$2,311,678$3,736,187
65$4,654,384$2,763,342$2,355,264$4,010,894
66$5,094,211$2,863,825$2,399,245$4,310,792
67$5,577,799$2,968,131$2,443,598$4,638,376
68$6,109,579$3,076,414$2,488,303$4,996,395
69$6,694,430$3,188,833$2,533,335$5,387,877
70$7,337,729$3,305,552$2,578,669$5,816,156
71$8,045,399$3,426,746$2,624,276$6,284,904
72$8,823,966$3,552,593$2,670,126$6,798,166
73$9,680,623$3,683,282$2,716,187$7,360,399
74$10,623,292$3,819,008$2,762,425$7,976,508
75$11,660,703$3,959,975$2,808,801$8,651,901
76$12,802,476$4,106,395$2,855,277$9,392,533
77$14,059,209$4,258,489$2,901,810$10,204,964
78$15,442,583$4,416,489$2,948,355$11,096,421
79$16,965,464$4,580,635$2,994,863$12,074,866
80$18,642,033$4,751,178$3,041,283$13,149,070
81$20,487,914$4,928,380$3,087,559$14,328,698
82$22,520,324$5,112,512$3,133,634$15,624,395
83$24,758,232$5,303,861$3,179,446$17,047,893
84$27,222,543$5,502,722$3,224,930$18,612,113
85$29,936,292$5,709,404$3,270,014$20,331,296
86$32,924,860$5,924,231$3,314,626$22,221,129
87$36,216,217$6,147,539$3,358,686$24,298,898
88$39,841,182$6,379,680$3,402,113$26,583,650
89$43,833,717$6,621,019$3,444,819$29,096,368
90$48,231,246$6,871,939$3,486,710$31,860,176
91$53,075,007$7,132,838$3,527,689$34,900,550
92$58,410,444$7,404,133$3,567,653$38,245,565
93$64,287,631$7,686,257$3,606,491$41,926,152
94$70,761,750$7,979,664$3,644,089$45,976,395
95$77,893,608$8,284,827$3,680,325$50,433,853
96$85,750,211$8,602,239$3,715,071$55,339,908
97$94,405,399$8,932,415$3,748,192$60,740,163
98$103,940,538$9,275,892$3,779,546$66,684,865
99$114,445,295$9,633,232$3,808,982$73,229,386
100$126,018,475$10,005,021$3,836,343$80,434,738