Can I retire at age 56 with 2,260,000?

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 $2,260,000?

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$186,629$184,966$183,344$181,761$180,216$175,645
2 years$92,390$90,670$89,002$87,385$85,817$81,242
3 years$60,982$59,254$57,590$55,989$54,446$50,009
4 years$45,281$43,558$41,911$40,337$38,831$34,567
5 years$35,862$34,150$32,525$30,982$29,519$25,440
6 years$29,585$27,886$26,285$24,777$23,357$19,467
7 years$25,104$23,419$21,843$20,370$18,996$15,294
8 years$21,744$20,074$18,524$17,088$15,759$12,244
9 years$19,132$17,478$15,955$14,555$13,271$9,941
10 years$17,044$15,406$13,910$12,547$11,308$8,158
11 years$15,337$13,715$12,246$10,920$9,725$6,751
12 years$13,915$12,310$10,868$9,578$8,427$5,623
13 years$12,713$11,125$9,710$8,456$7,349$4,710
14 years$11,683$10,112$8,724$7,506$6,442$3,962
15 years$10,792$9,237$7,877$6,694$5,672$3,344
16 years$10,013$8,475$7,142$5,994$5,013$2,832
17 years$9,326$7,805$6,499$5,385$4,445$2,404
18 years$8,716$7,212$5,932$4,853$3,952$2,044
19 years$8,171$6,684$5,431$4,385$3,523$1,742
20 years$7,681$6,211$4,984$3,972$3,146$1,486
21 years$7,238$5,786$4,584$3,605$2,816$1,270
22 years$6,836$5,401$4,225$3,278$2,524$1,086
23 years$6,470$5,051$3,901$2,985$2,266$930
24 years$6,135$4,733$3,608$2,722$2,036$797
25 years$5,827$4,441$3,342$2,486$1,832$683
26 years$5,543$4,174$3,099$2,273$1,651$586
27 years$5,280$3,928$2,878$2,081$1,488$503
28 years$5,037$3,702$2,675$1,906$1,343$431
29 years$4,811$3,492$2,490$1,748$1,213$371
30 years$4,600$3,298$2,319$1,604$1,096$318
31 years$4,404$3,118$2,162$1,474$991$273
32 years$4,220$2,950$2,017$1,354$896$235
33 years$4,047$2,794$1,883$1,245$811$202
34 years$3,885$2,648$1,760$1,146$734$174
35 years$3,733$2,511$1,645$1,055$665$149
36 years$3,589$2,384$1,539$971$602$128
37 years$3,454$2,264$1,441$895$546$110
38 years$3,326$2,152$1,349$825$495$95
39 years$3,205$2,046$1,264$761$449$82
40 years$3,090$1,946$1,185$702$407$70
41 years$2,981$1,853$1,111$647$369$60
42 years$2,877$1,765$1,042$597$335$52
43 years$2,779$1,681$978$551$304$45
44 years$2,685$1,603$918$509$276$39
45 years$2,596$1,528$862$470$251$33
46 years$2,511$1,458$809$434$228$29
47 years$2,430$1,391$760$401$207$25
48 years$2,352$1,328$715$371$188$21
49 years$2,278$1,268$672$343$170$18
50 years$2,207$1,212$631$317$155$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,260,000, adding $2,110 every year, while hoping to spend $56,043 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: 47/43/10 Blend
55$2,260,000$2,260,000$2,260,000$2,260,000
56$2,492,696$2,372,916$2,337,886$2,602,882
57$2,687,322$2,429,560$2,356,576$2,735,640
58$2,899,921$2,487,101$2,374,014$2,873,647
59$3,132,268$2,545,524$2,390,098$3,022,144
60$3,386,316$2,604,811$2,404,723$3,182,124
61$3,664,215$2,664,941$2,417,776$3,354,680
62$3,968,333$2,725,892$2,429,140$3,541,017
63$4,301,279$2,787,636$2,438,691$3,742,459
64$4,665,922$2,850,142$2,446,300$3,960,467
65$5,065,424$2,913,378$2,451,830$4,196,650
66$5,503,269$2,977,305$2,455,138$4,452,779
67$5,983,291$3,041,882$2,456,073$4,730,806
68$6,509,714$3,107,061$2,454,479$5,032,883
69$7,087,190$3,172,792$2,450,189$5,361,378
70$7,720,843$3,239,019$2,443,030$5,718,902
71$8,416,318$3,305,680$2,432,821$6,108,334
72$9,179,832$3,372,707$2,419,370$6,532,842
73$10,018,233$3,440,028$2,402,477$6,995,920
74$10,939,066$3,507,563$2,381,933$7,501,419
75$11,950,642$3,575,224$2,357,518$8,053,582
76$13,062,115$3,642,918$2,329,004$8,657,084
77$14,283,573$3,710,544$2,296,147$9,317,079
78$15,626,127$3,777,990$2,258,698$10,039,246
79$17,102,019$3,845,138$2,216,391$10,829,847
80$18,724,736$3,911,861$2,168,951$11,695,779
81$20,509,136$3,978,020$2,116,089$12,644,648
82$22,471,592$4,043,466$2,057,501$13,684,834
83$24,630,139$4,108,041$1,992,872$14,825,576
84$27,004,652$4,171,573$1,921,872$16,077,055
85$29,617,025$4,233,879$1,844,153$17,450,493
86$32,491,384$4,294,761$1,759,355$18,958,261
87$35,654,310$4,354,010$1,667,098$20,613,992
88$39,135,092$4,411,399$1,566,989$22,432,713
89$42,966,002$4,466,687$1,458,613$24,430,988
90$47,182,596$4,519,617$1,341,539$26,627,073
91$51,824,057$4,569,914$1,215,316$29,041,091
92$56,933,554$4,617,284$1,079,473$31,695,222
93$62,558,659$4,661,413$933,517$34,613,912
94$68,751,788$4,701,968$776,936$37,824,107
95$75,570,698$4,738,592$609,191$41,355,506
96$83,079,034$4,770,908$429,723$45,240,843
97$91,346,923$4,798,510$237,947$49,516,200
98$100,451,643$4,820,971$33,252$54,221,345
99$110,478,346$4,837,834$0$59,400,110
100$121,520,862$4,848,613$0$65,120,567