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%13.5%
1 years$172,590$171,053$169,553$168,089$166,660$164,237
2 years$85,441$83,849$82,307$80,812$79,362$76,926
3 years$56,395$54,797$53,258$51,777$50,350$47,977
4 years$41,874$40,281$38,758$37,302$35,910$33,618
5 years$33,165$31,581$30,078$28,652$27,298$25,094
6 years$27,360$25,788$24,308$22,913$21,600$19,486
7 years$23,215$21,657$20,200$18,838$17,567$15,543
8 years$20,108$18,564$17,131$15,803$14,573$12,641
9 years$17,693$16,163$14,755$13,461$12,273$10,430
10 years$15,762$14,247$12,864$11,603$10,457$8,702
11 years$14,183$12,683$11,325$10,098$8,993$7,325
12 years$12,868$11,384$10,051$8,857$7,794$6,210
13 years$11,757$10,288$8,980$7,820$6,796$5,295
14 years$10,804$9,351$8,068$6,942$5,957$4,536
15 years$9,980$8,543$7,284$6,191$5,245$3,902
16 years$9,259$7,838$6,604$5,543$4,636$3,367
17 years$8,624$7,218$6,010$4,980$4,111$2,914
18 years$8,060$6,670$5,486$4,488$3,655$2,528
19 years$7,556$6,182$5,022$4,056$3,258$2,197
20 years$7,103$5,744$4,609$3,673$2,910$1,914
21 years$6,694$5,351$4,240$3,334$2,604$1,669
22 years$6,322$4,995$3,907$3,031$2,334$1,457
23 years$5,983$4,671$3,608$2,760$2,095$1,274
24 years$5,673$4,377$3,337$2,518$1,883$1,115
25 years$5,388$4,107$3,090$2,299$1,695$976
26 years$5,126$3,860$2,866$2,102$1,526$856
27 years$4,883$3,633$2,662$1,924$1,376$751
28 years$4,658$3,423$2,474$1,763$1,242$659
29 years$4,449$3,229$2,302$1,617$1,121$578
30 years$4,254$3,050$2,145$1,484$1,013$508
31 years$4,072$2,883$1,999$1,363$916$446
32 years$3,902$2,728$1,865$1,252$829$392
33 years$3,743$2,584$1,742$1,152$750$345
34 years$3,593$2,449$1,627$1,060$679$303
35 years$3,452$2,322$1,522$975$615$267
36 years$3,319$2,204$1,423$898$557$235
37 years$3,194$2,094$1,332$828$505$207
38 years$3,076$1,990$1,248$763$458$182
39 years$2,964$1,892$1,169$703$415$160
40 years$2,857$1,800$1,096$649$377$141
41 years$2,757$1,714$1,027$599$342$124
42 years$2,661$1,632$964$552$310$109
43 years$2,570$1,555$904$510$281$96
44 years$2,483$1,482$849$471$255$85
45 years$2,401$1,413$797$435$232$75
46 years$2,322$1,348$749$402$210$66
47 years$2,247$1,287$703$371$191$58
48 years$2,175$1,228$661$343$174$51
49 years$2,106$1,173$621$317$158$45
50 years$2,041$1,120$584$293$143$40

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 $6,322 every year, while hoping to spend $26,832 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: 54/19/27 Blend
55$2,090,000$2,090,000$2,090,000$2,090,000
56$2,309,701$2,198,931$2,166,536$2,416,808
57$2,516,742$2,278,130$2,210,566$2,570,661
58$2,744,001$2,360,310$2,255,172$2,734,790
59$2,993,513$2,445,589$2,300,344$2,912,940
60$3,267,519$2,534,090$2,346,073$3,106,465
61$3,568,486$2,625,941$2,392,346$3,316,856
62$3,899,133$2,721,274$2,439,152$3,545,755
63$4,262,457$2,820,228$2,486,476$3,794,967
64$4,661,756$2,922,948$2,534,301$4,066,480
65$5,100,667$3,029,584$2,582,612$4,362,483
66$5,583,194$3,140,293$2,631,388$4,685,386
67$6,113,750$3,255,237$2,680,610$5,037,841
68$6,697,196$3,374,587$2,730,254$5,422,769
69$7,338,889$3,498,521$2,780,296$5,843,386
70$8,044,730$3,627,223$2,830,710$6,303,233
71$8,821,220$3,760,885$2,881,467$6,806,209
72$9,675,525$3,899,708$2,932,537$7,356,610
73$10,615,536$4,043,902$2,983,884$7,959,165
74$11,649,952$4,193,684$3,035,475$8,619,083
75$12,788,354$4,349,282$3,087,271$9,342,100
76$14,041,301$4,510,932$3,139,230$10,134,537
77$15,420,429$4,678,882$3,191,309$11,003,354
78$16,938,555$4,853,390$3,243,460$11,956,217
79$18,609,805$5,034,723$3,295,633$13,001,571
80$20,449,743$5,223,163$3,347,775$14,148,720
81$22,475,520$5,419,001$3,399,829$15,407,912
82$24,706,033$5,622,542$3,451,733$16,790,436
83$27,162,105$5,834,103$3,503,423$18,308,729
84$29,866,683$6,054,017$3,554,831$19,976,493
85$32,845,050$6,282,630$3,605,883$21,808,823
86$36,125,067$6,520,301$3,656,502$23,822,348
87$39,737,436$6,767,407$3,706,607$26,035,391
88$43,715,986$7,024,342$3,756,110$28,468,137
89$48,097,996$7,291,514$3,804,919$31,142,827
90$52,924,545$7,569,351$3,852,937$34,083,962
91$58,240,899$7,858,300$3,900,061$37,318,542
92$64,096,940$8,158,826$3,946,182$40,876,312
93$70,547,634$8,471,415$3,991,186$44,790,047
94$77,653,553$8,796,574$4,034,951$49,095,859
95$85,481,442$9,134,833$4,077,348$53,833,537
96$94,104,854$9,486,745$4,118,244$59,046,922
97$103,604,839$9,852,885$4,157,495$64,784,323
98$114,070,713$10,233,857$4,194,952$71,098,967
99$125,600,899$10,630,290$4,230,456$78,049,506
100$138,303,856$11,042,839$4,263,842$85,700,566