Can I retire at age 56 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$182,500$180,874$179,288$177,740$176,229$170,179
2 years$90,346$88,664$87,033$85,452$83,918$77,885
3 years$59,633$57,943$56,316$54,750$53,241$47,414
4 years$44,279$42,594$40,984$39,444$37,972$32,395
5 years$35,069$33,394$31,805$30,297$28,866$23,554
6 years$28,931$27,269$25,703$24,229$22,841$17,798
7 years$24,548$22,900$21,359$19,920$18,575$13,801
8 years$21,263$19,630$18,115$16,710$15,410$10,901
9 years$18,709$17,091$15,602$14,233$12,978$8,727
10 years$16,667$15,065$13,602$12,269$11,058$7,059
11 years$14,997$13,412$11,975$10,678$9,510$5,756
12 years$13,607$12,038$10,628$9,366$8,241$4,722
13 years$12,432$10,878$9,495$8,269$7,186$3,894
14 years$11,425$9,888$8,531$7,340$6,300$3,224
15 years$10,553$9,033$7,703$6,546$5,547$2,678
16 years$9,791$8,288$6,984$5,861$4,902$2,230
17 years$9,119$7,633$6,355$5,266$4,347$1,861
18 years$8,523$7,053$5,801$4,746$3,865$1,556
19 years$7,990$6,537$5,311$4,288$3,445$1,303
20 years$7,511$6,074$4,874$3,884$3,077$1,093
21 years$7,078$5,658$4,483$3,525$2,753$917
22 years$6,685$5,281$4,132$3,205$2,468$771
23 years$6,327$4,940$3,815$2,919$2,216$648
24 years$5,999$4,628$3,528$2,662$1,991$545
25 years$5,698$4,343$3,268$2,431$1,792$459
26 years$5,420$4,082$3,031$2,223$1,614$386
27 years$5,163$3,842$2,814$2,035$1,455$325
28 years$4,926$3,620$2,616$1,864$1,313$274
29 years$4,705$3,415$2,435$1,710$1,186$231
30 years$4,499$3,225$2,268$1,569$1,071$195
31 years$4,306$3,049$2,114$1,441$969$164
32 years$4,126$2,885$1,973$1,324$876$138
33 years$3,958$2,732$1,842$1,218$793$117
34 years$3,799$2,589$1,721$1,120$718$98
35 years$3,650$2,456$1,609$1,031$650$83
36 years$3,510$2,331$1,505$950$589$70
37 years$3,377$2,214$1,409$875$534$59
38 years$3,252$2,104$1,319$807$484$50
39 years$3,134$2,001$1,236$744$439$42
40 years$3,021$1,903$1,158$686$398$35
41 years$2,915$1,812$1,086$633$361$30
42 years$2,814$1,726$1,019$584$328$25
43 years$2,717$1,644$956$539$297$21
44 years$2,626$1,567$898$498$270$18
45 years$2,539$1,494$843$460$245$15
46 years$2,455$1,426$792$425$223$13
47 years$2,376$1,361$744$392$202$11
48 years$2,300$1,299$699$363$184$9
49 years$2,227$1,240$657$335$167$8
50 years$2,158$1,185$618$310$151$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,210,000, adding $6,827 every year, while hoping to spend $52,265 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: 77/17/6 Blend
55$2,210,000$2,210,000$2,210,000$2,210,000
56$2,442,462$2,325,332$2,291,077$2,628,647
57$2,635,984$2,383,664$2,312,219$2,810,140
58$2,847,493$2,443,102$2,332,317$3,001,615
59$3,078,769$2,503,646$2,351,281$3,209,995
60$3,331,771$2,565,293$2,369,017$3,436,937
61$3,608,658$2,628,038$2,385,425$3,684,264
62$3,911,803$2,691,874$2,400,399$3,953,984
63$4,243,824$2,756,793$2,413,829$4,248,308
64$4,607,601$2,822,782$2,425,600$4,569,673
65$5,006,307$2,889,829$2,435,588$4,920,760
66$5,443,436$2,957,917$2,443,666$5,304,524
67$5,922,836$3,027,024$2,449,698$5,724,218
68$6,448,747$3,097,130$2,453,544$6,183,427
69$7,025,836$3,168,207$2,455,055$6,686,098
70$7,659,247$3,240,224$2,454,076$7,236,581
71$8,354,645$3,313,150$2,450,441$7,839,666
72$9,118,269$3,386,944$2,443,981$8,500,631
73$9,956,993$3,461,565$2,434,515$9,225,290
74$10,878,390$3,536,966$2,421,855$10,020,049
75$11,890,801$3,613,093$2,405,803$10,891,965
76$13,003,418$3,689,889$2,386,152$11,848,813
77$14,226,363$3,767,290$2,362,685$12,899,160
78$15,570,792$3,845,227$2,335,175$14,052,443
79$17,048,992$3,923,623$2,303,383$15,319,063
80$18,674,503$4,002,395$2,267,060$16,710,477
81$20,462,242$4,081,451$2,225,946$18,239,311
82$22,428,643$4,160,694$2,179,767$19,919,477
83$24,591,813$4,240,017$2,128,238$21,766,301
84$26,971,703$4,319,302$2,071,059$23,796,675
85$29,590,294$4,398,426$2,007,917$26,029,209
86$32,471,808$4,477,253$1,938,486$28,484,411
87$35,642,930$4,555,636$1,862,423$31,184,879
88$39,133,065$4,633,418$1,779,370$34,155,514
89$42,974,612$4,710,430$1,688,954$37,423,755
90$47,203,271$4,786,490$1,590,782$41,019,837
91$51,858,379$4,861,402$1,484,448$44,977,081
92$56,983,280$4,934,957$1,369,523$49,332,201
93$62,625,733$5,006,929$1,245,561$54,125,658
94$68,838,367$5,077,078$1,112,097$59,402,036
95$75,679,172$5,145,145$968,643$65,210,465
96$83,212,046$5,210,856$814,691$71,605,087
97$91,507,401$5,273,914$649,710$78,645,565
98$100,642,826$5,334,006$473,145$86,397,644
99$110,703,817$5,390,796$284,418$94,933,777
100$121,784,585$5,443,923$82,925$104,333,805