Can I retire at age 56 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$172,590$171,053$169,553$168,089$166,660$164,034
2 years$85,441$83,849$82,307$80,812$79,362$76,723
3 years$56,395$54,797$53,258$51,777$50,350$47,781
4 years$41,874$40,281$38,758$37,302$35,910$33,430
5 years$33,165$31,581$30,078$28,652$27,298$24,914
6 years$27,360$25,788$24,308$22,913$21,600$19,315
7 years$23,215$21,657$20,200$18,838$17,567$15,381
8 years$20,108$18,564$17,131$15,803$14,573$12,487
9 years$17,693$16,163$14,755$13,461$12,273$10,285
10 years$15,762$14,247$12,864$11,603$10,457$8,566
11 years$14,183$12,683$11,325$10,098$8,993$7,197
12 years$12,868$11,384$10,051$8,857$7,794$6,089
13 years$11,757$10,288$8,980$7,820$6,796$5,182
14 years$10,804$9,351$8,068$6,942$5,957$4,430
15 years$9,980$8,543$7,284$6,191$5,245$3,803
16 years$9,259$7,838$6,604$5,543$4,636$3,275
17 years$8,624$7,218$6,010$4,980$4,111$2,828
18 years$8,060$6,670$5,486$4,488$3,655$2,448
19 years$7,556$6,182$5,022$4,056$3,258$2,123
20 years$7,103$5,744$4,609$3,673$2,910$1,845
21 years$6,694$5,351$4,240$3,334$2,604$1,605
22 years$6,322$4,995$3,907$3,031$2,334$1,399
23 years$5,983$4,671$3,608$2,760$2,095$1,220
24 years$5,673$4,377$3,337$2,518$1,883$1,065
25 years$5,388$4,107$3,090$2,299$1,695$931
26 years$5,126$3,860$2,866$2,102$1,526$814
27 years$4,883$3,633$2,662$1,924$1,376$712
28 years$4,658$3,423$2,474$1,763$1,242$623
29 years$4,449$3,229$2,302$1,617$1,121$546
30 years$4,254$3,050$2,145$1,484$1,013$478
31 years$4,072$2,883$1,999$1,363$916$419
32 years$3,902$2,728$1,865$1,252$829$367
33 years$3,743$2,584$1,742$1,152$750$322
34 years$3,593$2,449$1,627$1,060$679$283
35 years$3,452$2,322$1,522$975$615$248
36 years$3,319$2,204$1,423$898$557$218
37 years$3,194$2,094$1,332$828$505$191
38 years$3,076$1,990$1,248$763$458$168
39 years$2,964$1,892$1,169$703$415$147
40 years$2,857$1,800$1,096$649$377$129
41 years$2,757$1,714$1,027$599$342$114
42 years$2,661$1,632$964$552$310$100
43 years$2,570$1,555$904$510$281$88
44 years$2,483$1,482$849$471$255$77
45 years$2,401$1,413$797$435$232$68
46 years$2,322$1,348$749$402$210$59
47 years$2,247$1,287$703$371$191$52
48 years$2,175$1,228$661$343$174$46
49 years$2,106$1,173$621$317$158$40
50 years$2,041$1,120$584$293$143$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,090,000, adding $5,078 every year, while hoping to spend $52,158 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: 70/21/9 Blend
55$2,090,000$2,090,000$2,090,000$2,090,000
56$2,308,418$2,197,648$2,165,253$2,465,791
57$2,488,381$2,249,837$2,182,293$2,622,840
58$2,684,952$2,302,835$2,198,156$2,787,774
59$2,899,770$2,356,627$2,212,747$2,966,844
60$3,134,640$2,411,195$2,225,968$3,161,431
61$3,391,547$2,466,518$2,237,712$3,373,051
62$3,672,680$2,522,573$2,247,871$3,603,378
63$3,980,448$2,579,333$2,256,328$3,854,253
64$4,317,502$2,636,769$2,262,964$4,127,705
65$4,686,764$2,694,847$2,267,650$4,425,967
66$5,091,450$2,753,530$2,270,252$4,751,501
67$5,535,103$2,812,778$2,270,631$5,107,018
68$6,021,625$2,872,546$2,268,638$5,495,504
69$6,555,313$2,932,783$2,264,120$5,920,249
70$7,140,901$2,993,436$2,256,914$6,384,877
71$7,783,603$3,054,444$2,246,851$6,893,382
72$8,489,162$3,115,743$2,233,752$7,450,164
73$9,263,904$3,177,263$2,217,430$8,060,070
74$10,114,799$3,238,925$2,197,691$8,728,441
75$11,049,523$3,300,647$2,174,328$9,461,162
76$12,076,534$3,362,338$2,147,128$10,264,717
77$13,205,149$3,423,902$2,115,865$11,146,252
78$14,445,633$3,485,231$2,080,304$12,113,638
79$15,809,292$3,546,212$2,040,200$13,175,552
80$17,308,586$3,606,723$1,995,293$14,341,554
81$18,957,241$3,666,631$1,945,314$15,622,177
82$20,770,379$3,725,795$1,889,981$17,029,029
83$22,764,661$3,784,063$1,828,999$18,574,904
84$24,958,444$3,841,270$1,762,059$20,273,895
85$27,371,955$3,897,241$1,688,837$22,141,539
86$30,027,478$3,951,789$1,608,996$24,194,952
87$32,949,567$4,004,713$1,522,184$26,452,999
88$36,165,277$4,055,798$1,428,031$28,936,469
89$39,704,416$4,104,814$1,326,152$31,668,270
90$43,599,833$4,151,516$1,216,143$34,673,649
91$47,887,716$4,195,641$1,097,585$37,980,427
92$52,607,946$4,236,910$970,037$41,619,265
93$57,804,464$4,275,026$833,040$45,623,951
94$63,525,687$4,309,670$686,115$50,031,721
95$69,824,968$4,340,505$528,761$54,883,609
96$76,761,095$4,367,169$360,454$60,224,837
97$84,398,847$4,389,281$180,650$66,105,242
98$92,809,606$4,406,432$0$72,579,744
99$102,072,027$4,418,189$0$79,709,948
100$112,272,785$4,424,091$0$87,580,059