Can I retire at age 56 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$173,416$171,871$170,364$168,893$167,457$165,846
2 years$85,850$84,251$82,701$81,199$79,741$78,119
3 years$56,665$55,059$53,513$52,025$50,591$49,007
4 years$42,075$40,474$38,944$37,481$36,082$34,549
5 years$33,323$31,732$30,222$28,789$27,429$25,951
6 years$27,491$25,912$24,424$23,023$21,704$20,282
7 years$23,327$21,761$20,296$18,928$17,651$16,287
8 years$20,205$18,653$17,213$15,878$14,643$13,337
9 years$17,778$16,241$14,825$13,525$12,332$11,083
10 years$15,837$14,315$12,925$11,659$10,507$9,314
11 years$14,251$12,744$11,379$10,146$9,037$7,899
12 years$12,930$11,438$10,099$8,900$7,831$6,748
13 years$11,813$10,337$9,023$7,857$6,829$5,799
14 years$10,856$9,396$8,107$6,975$5,986$5,008
15 years$10,028$8,583$7,319$6,220$5,271$4,342
16 years$9,304$7,875$6,636$5,570$4,658$3,779
17 years$8,666$7,253$6,039$5,004$4,130$3,298
18 years$8,099$6,702$5,512$4,510$3,672$2,886
19 years$7,592$6,211$5,046$4,075$3,273$2,530
20 years$7,137$5,772$4,631$3,691$2,924$2,223
21 years$6,726$5,376$4,260$3,350$2,616$1,956
22 years$6,352$5,018$3,926$3,045$2,345$1,724
23 years$6,012$4,694$3,625$2,774$2,105$1,521
24 years$5,700$4,398$3,353$2,530$1,892$1,343
25 years$5,414$4,127$3,105$2,310$1,703$1,188
26 years$5,150$3,879$2,880$2,112$1,534$1,051
27 years$4,906$3,650$2,674$1,934$1,383$931
28 years$4,680$3,440$2,486$1,772$1,248$824
29 years$4,470$3,245$2,313$1,625$1,127$731
30 years$4,275$3,064$2,155$1,491$1,018$648
31 years$4,092$2,897$2,009$1,369$920$575
32 years$3,921$2,741$1,874$1,258$833$511
33 years$3,761$2,596$1,750$1,157$753$454
34 years$3,610$2,460$1,635$1,065$682$403
35 years$3,469$2,334$1,529$980$618$358
36 years$3,335$2,215$1,430$903$560$318
37 years$3,209$2,104$1,339$832$507$283
38 years$3,090$1,999$1,254$767$460$251
39 years$2,978$1,901$1,174$707$417$224
40 years$2,871$1,809$1,101$652$378$199
41 years$2,770$1,722$1,032$602$343$177
42 years$2,674$1,640$968$555$311$157
43 years$2,582$1,562$909$512$283$140
44 years$2,495$1,489$853$473$257$125
45 years$2,412$1,420$801$437$233$111
46 years$2,333$1,355$752$404$211$99
47 years$2,258$1,293$707$373$192$88
48 years$2,185$1,234$664$345$174$78
49 years$2,116$1,179$624$318$158$70
50 years$2,050$1,126$587$294$144$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,100,000, adding $3,595 every year, while hoping to spend $56,299 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: 53/41/6 Blend
55$2,100,000$2,100,000$2,100,000$2,100,000
56$2,317,908$2,206,608$2,174,058$2,437,369
57$2,494,433$2,254,830$2,186,987$2,566,856
58$2,687,077$2,303,528$2,198,463$2,701,171
59$2,897,424$2,352,666$2,208,377$2,845,923
60$3,127,218$2,402,204$2,216,615$3,002,106
61$3,378,381$2,452,099$2,223,058$3,170,817
62$3,653,026$2,502,302$2,227,580$3,353,261
63$3,953,482$2,552,762$2,230,051$3,550,769
64$4,282,311$2,603,421$2,230,332$3,764,803
65$4,642,337$2,654,219$2,228,278$3,996,979
66$5,036,667$2,705,087$2,223,737$4,249,071
67$5,468,724$2,755,953$2,216,549$4,523,040
68$5,942,277$2,806,739$2,206,548$4,821,042
69$6,461,480$2,857,359$2,193,557$5,145,455
70$7,030,903$2,907,722$2,177,393$5,498,899
71$7,655,583$2,957,729$2,157,864$5,884,262
72$8,341,069$3,007,273$2,134,768$6,304,724
73$9,093,468$3,056,241$2,107,894$6,763,793
74$9,919,514$3,104,508$2,077,020$7,265,335
75$10,826,619$3,151,944$2,041,915$7,813,607
76$11,822,951$3,198,406$2,002,337$8,413,304
77$12,917,508$3,243,744$1,958,031$9,069,602
78$14,120,201$3,287,794$1,908,732$9,788,203
79$15,441,950$3,330,384$1,854,162$10,575,393
80$16,894,784$3,371,328$1,794,032$11,438,100
81$18,491,956$3,410,427$1,728,036$12,383,961
82$20,248,067$3,447,470$1,655,857$13,421,394
83$22,179,205$3,482,231$1,577,163$14,559,677
84$24,303,093$3,514,470$1,491,607$15,809,037
85$26,639,258$3,543,928$1,398,826$17,180,746
86$29,209,215$3,570,333$1,298,439$18,687,229
87$32,036,669$3,593,394$1,190,051$20,342,183
88$35,147,740$3,612,801$1,073,248$22,160,703
89$38,571,204$3,628,223$947,597$24,159,429
90$42,338,772$3,639,311$812,646$26,356,702
91$46,485,380$3,645,691$667,923$28,772,740
92$51,049,526$3,646,967$512,936$31,429,825
93$56,073,628$3,642,718$347,170$34,352,522
94$61,604,426$3,632,499$170,088$37,567,902
95$67,693,420$3,615,835$0$41,105,808
96$74,397,361$3,592,222$0$45,000,342
97$81,778,778$3,561,127$0$49,298,249
98$89,906,576$3,521,985$0$54,028,628
99$98,856,679$3,474,195$0$59,235,567
100$108,712,752$3,417,122$0$64,967,656