Can I retire at age 56 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$185,803$184,148$182,533$180,957$179,418$176,373
2 years$91,982$90,269$88,608$86,999$85,437$82,379
3 years$60,712$58,991$57,335$55,741$54,205$51,228
4 years$45,080$43,365$41,726$40,158$38,659$35,788
5 years$35,704$33,999$32,381$30,845$29,388$26,630
6 years$29,455$27,762$26,168$24,667$23,254$20,611
7 years$24,993$23,315$21,746$20,280$18,912$16,386
8 years$21,648$19,985$18,442$17,013$15,689$13,280
9 years$19,048$17,401$15,884$14,491$13,212$10,918
10 years$16,969$15,338$13,848$12,491$11,258$9,077
11 years$15,269$13,654$12,192$10,871$9,682$7,612
12 years$13,853$12,255$10,820$9,536$8,390$6,428
13 years$12,657$11,075$9,667$8,418$7,316$5,459
14 years$11,632$10,067$8,686$7,473$6,414$4,658
15 years$10,744$9,197$7,842$6,665$5,647$3,990
16 years$9,968$8,438$7,110$5,967$4,991$3,429
17 years$9,285$7,771$6,470$5,362$4,425$2,955
18 years$8,677$7,181$5,906$4,832$3,935$2,552
19 years$8,135$6,655$5,407$4,366$3,507$2,209
20 years$7,647$6,184$4,962$3,954$3,133$1,915
21 years$7,206$5,760$4,564$3,589$2,803$1,662
22 years$6,806$5,377$4,207$3,263$2,513$1,445
23 years$6,441$5,029$3,884$2,972$2,256$1,257
24 years$6,108$4,712$3,592$2,710$2,027$1,095
25 years$5,801$4,422$3,327$2,475$1,824$955
26 years$5,518$4,156$3,086$2,263$1,643$833
27 years$5,257$3,911$2,865$2,072$1,482$727
28 years$5,015$3,685$2,664$1,898$1,337$635
29 years$4,790$3,477$2,479$1,741$1,207$555
30 years$4,580$3,283$2,309$1,597$1,091$485
31 years$4,384$3,104$2,152$1,467$986$424
32 years$4,201$2,937$2,008$1,348$892$371
33 years$4,029$2,781$1,875$1,240$807$324
34 years$3,868$2,636$1,752$1,141$731$284
35 years$3,716$2,500$1,638$1,050$662$248
36 years$3,574$2,373$1,532$967$600$217
37 years$3,439$2,254$1,434$891$544$190
38 years$3,311$2,142$1,343$821$493$167
39 years$3,190$2,037$1,258$757$447$146
40 years$3,076$1,938$1,179$699$405$128
41 years$2,968$1,845$1,106$644$368$112
42 years$2,865$1,757$1,037$595$334$98
43 years$2,767$1,674$973$549$303$86
44 years$2,673$1,596$914$507$275$75
45 years$2,584$1,522$858$468$250$66
46 years$2,500$1,451$806$432$227$58
47 years$2,419$1,385$757$400$206$51
48 years$2,341$1,322$711$369$187$44
49 years$2,268$1,263$669$341$170$39
50 years$2,197$1,206$629$315$154$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,250,000, adding $5,866 every year, while hoping to spend $57,507 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: 47/38/15 Blend
55$2,250,000$2,250,000$2,250,000$2,250,000
56$2,485,551$2,366,301$2,331,426$2,591,617
57$2,677,890$2,421,063$2,348,342$2,720,502
58$2,887,920$2,476,580$2,363,897$2,853,965
59$3,117,386$2,532,830$2,377,985$2,997,563
60$3,368,206$2,589,786$2,390,494$3,152,262
61$3,642,494$2,647,417$2,401,307$3,319,128
62$3,942,578$2,705,689$2,410,300$3,499,332
63$4,271,020$2,764,567$2,417,344$3,694,168
64$4,630,641$2,824,008$2,422,302$3,905,060
65$5,024,549$2,883,967$2,425,032$4,133,576
66$5,456,165$2,944,394$2,425,383$4,381,446
67$5,929,259$3,005,233$2,423,197$4,650,575
68$6,447,979$3,066,426$2,418,311$4,943,065
69$7,016,898$3,127,906$2,410,549$5,261,228
70$7,641,051$3,189,602$2,399,731$5,607,618
71$8,325,982$3,251,437$2,385,667$5,985,046
72$9,077,801$3,313,326$2,368,155$6,396,612
73$9,903,237$3,375,179$2,346,988$6,845,732
74$10,809,701$3,436,897$2,321,947$7,336,173
75$11,805,359$3,498,373$2,292,800$7,872,085
76$12,899,206$3,559,494$2,259,309$8,458,045
77$14,101,150$3,620,135$2,221,222$9,099,097
78$15,422,110$3,680,163$2,178,275$9,800,802
79$16,874,110$3,739,436$2,130,192$10,569,289
80$18,470,401$3,797,800$2,076,686$11,411,316
81$20,225,581$3,855,091$2,017,453$12,334,330
82$22,155,731$3,911,132$1,952,179$13,346,542
83$24,278,572$3,965,734$1,880,533$14,457,004
84$26,613,626$4,018,694$1,802,171$15,675,694
85$29,182,402$4,069,797$1,716,730$17,013,610
86$32,008,600$4,118,810$1,623,834$18,482,876
87$35,118,333$4,165,487$1,523,088$20,096,859
88$38,540,372$4,209,565$1,414,080$21,870,290
89$42,306,417$4,250,761$1,296,379$23,819,412
90$46,451,400$4,288,776$1,169,535$25,962,126
91$51,013,807$4,323,290$1,033,079$28,318,167
92$56,036,047$4,353,963$886,519$30,909,288
93$61,564,848$4,380,432$729,342$33,759,469
94$67,651,701$4,402,312$561,013$36,895,141
95$74,353,341$4,419,191$380,973$40,345,441
96$81,732,285$4,430,635$188,639$44,142,485
97$89,857,420$4,436,178$0$48,321,673
98$98,804,655$4,435,329$0$52,924,686
99$108,657,635$4,427,565$0$58,024,269
100$119,508,527$4,412,329$0$63,637,716