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%16.2%
1 years$173,416$171,871$170,364$168,893$167,457$163,210
2 years$85,850$84,251$82,701$81,199$79,741$75,490
3 years$56,665$55,059$53,513$52,025$50,591$46,469
4 years$42,075$40,474$38,944$37,481$36,082$32,120
5 years$33,323$31,732$30,222$28,789$27,429$23,639
6 years$27,491$25,912$24,424$23,023$21,704$18,088
7 years$23,327$21,761$20,296$18,928$17,651$14,211
8 years$20,205$18,653$17,213$15,878$14,643$11,377
9 years$17,778$16,241$14,825$13,525$12,332$9,237
10 years$15,837$14,315$12,925$11,659$10,507$7,580
11 years$14,251$12,744$11,379$10,146$9,037$6,273
12 years$12,930$11,438$10,099$8,900$7,831$5,225
13 years$11,813$10,337$9,023$7,857$6,829$4,376
14 years$10,856$9,396$8,107$6,975$5,986$3,681
15 years$10,028$8,583$7,319$6,220$5,271$3,108
16 years$9,304$7,875$6,636$5,570$4,658$2,631
17 years$8,666$7,253$6,039$5,004$4,130$2,233
18 years$8,099$6,702$5,512$4,510$3,672$1,900
19 years$7,592$6,211$5,046$4,075$3,273$1,619
20 years$7,137$5,772$4,631$3,691$2,924$1,381
21 years$6,726$5,376$4,260$3,350$2,616$1,180
22 years$6,352$5,018$3,926$3,045$2,345$1,009
23 years$6,012$4,694$3,625$2,774$2,105$864
24 years$5,700$4,398$3,353$2,530$1,892$740
25 years$5,414$4,127$3,105$2,310$1,703$634
26 years$5,150$3,879$2,880$2,112$1,534$544
27 years$4,906$3,650$2,674$1,934$1,383$467
28 years$4,680$3,440$2,486$1,772$1,248$401
29 years$4,470$3,245$2,313$1,625$1,127$344
30 years$4,275$3,064$2,155$1,491$1,018$296
31 years$4,092$2,897$2,009$1,369$920$254
32 years$3,921$2,741$1,874$1,258$833$218
33 years$3,761$2,596$1,750$1,157$753$188
34 years$3,610$2,460$1,635$1,065$682$161
35 years$3,469$2,334$1,529$980$618$139
36 years$3,335$2,215$1,430$903$560$119
37 years$3,209$2,104$1,339$832$507$103
38 years$3,090$1,999$1,254$767$460$88
39 years$2,978$1,901$1,174$707$417$76
40 years$2,871$1,809$1,101$652$378$65
41 years$2,770$1,722$1,032$602$343$56
42 years$2,674$1,640$968$555$311$48
43 years$2,582$1,562$909$512$283$42
44 years$2,495$1,489$853$473$257$36
45 years$2,412$1,420$801$437$233$31
46 years$2,333$1,355$752$404$211$26
47 years$2,258$1,293$707$373$192$23
48 years$2,185$1,234$664$345$174$20
49 years$2,116$1,179$624$318$158$17
50 years$2,050$1,126$587$294$144$15

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 $5,452 every year, while hoping to spend $40,000 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: 73/17/10 Blend
55$2,100,000$2,100,000$2,100,000$2,100,000
56$2,319,824$2,208,524$2,175,974$2,484,454
57$2,513,886$2,274,182$2,206,309$2,659,564
58$2,726,402$2,341,716$2,236,320$2,845,785
59$2,959,212$2,411,177$2,265,954$3,048,640
60$3,214,342$2,482,615$2,295,154$3,269,762
61$3,494,024$2,556,082$2,323,860$3,510,950
62$3,800,716$2,631,632$2,352,011$3,774,184
63$4,137,125$2,709,318$2,379,539$4,061,645
64$4,506,232$2,789,195$2,406,375$4,375,735
65$4,911,323$2,871,321$2,432,444$4,719,097
66$5,356,015$2,955,753$2,457,668$5,094,646
67$5,844,294$3,042,550$2,481,964$5,505,589
68$6,380,549$3,131,772$2,505,247$5,955,459
69$6,969,616$3,223,480$2,527,424$6,448,148
70$7,616,823$3,317,736$2,548,399$6,987,945
71$8,328,038$3,414,605$2,568,070$7,579,569
72$9,109,728$3,514,150$2,586,330$8,228,225
73$9,969,016$3,616,439$2,603,067$8,939,643
74$10,913,749$3,721,538$2,618,164$9,720,135
75$11,952,573$3,829,515$2,631,494$10,576,656
76$13,095,014$3,940,441$2,642,928$11,516,869
77$14,351,568$4,054,385$2,652,329$12,549,216
78$15,733,798$4,171,419$2,659,551$13,682,996
79$17,254,443$4,291,617$2,664,444$14,928,457
80$18,927,542$4,415,052$2,666,849$16,296,887
81$20,768,561$4,541,799$2,666,598$17,800,726
82$22,794,543$4,671,935$2,663,517$19,453,679
83$25,024,263$4,805,537$2,657,422$21,270,845
84$27,478,412$4,942,682$2,648,119$23,268,865
85$30,179,787$5,083,450$2,635,408$25,466,069
86$33,153,507$5,227,922$2,619,077$27,882,659
87$36,427,251$5,376,176$2,598,902$30,540,892
88$40,031,518$5,528,296$2,574,653$33,465,295
89$43,999,914$5,684,364$2,546,085$36,682,892
90$48,369,469$5,844,462$2,512,943$40,223,461
91$53,180,989$6,008,674$2,474,960$44,119,815
92$58,479,435$6,177,084$2,431,856$48,408,113
93$64,314,353$6,349,777$2,383,339$53,128,195
94$70,740,338$6,526,837$2,329,102$58,323,965
95$77,817,550$6,708,350$2,268,825$64,043,803
96$85,612,281$6,894,400$2,202,171$70,341,017
97$94,197,581$7,085,073$2,128,792$77,274,354
98$103,653,947$7,280,454$2,048,318$84,908,546
99$114,070,080$7,480,627$1,960,368$93,314,928
100$125,543,728$7,685,677$1,864,539$102,572,106