Can I retire at age 56 with 2,290,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$189,106$187,422$185,778$184,174$182,608$181,457
2 years$93,617$91,873$90,184$88,545$86,956$85,795
3 years$61,791$60,040$58,355$56,732$55,169$54,034
4 years$45,882$44,136$42,467$40,872$39,347$38,246
5 years$36,338$34,603$32,956$31,394$29,911$28,848
6 years$29,978$28,256$26,634$25,106$23,667$22,644
7 years$25,437$23,729$22,133$20,641$19,248$18,265
8 years$22,033$20,340$18,770$17,315$15,968$15,024
9 years$19,386$17,710$16,167$14,749$13,447$12,543
10 years$17,270$15,611$14,095$12,713$11,458$10,593
11 years$15,540$13,897$12,409$11,065$9,854$9,028
12 years$14,100$12,473$11,012$9,705$8,539$7,751
13 years$12,882$11,272$9,839$8,568$7,446$6,695
14 years$11,838$10,246$8,840$7,606$6,528$5,812
15 years$10,935$9,360$7,982$6,783$5,747$5,067
16 years$10,146$8,588$7,236$6,073$5,080$4,433
17 years$9,450$7,909$6,585$5,457$4,504$3,891
18 years$8,832$7,308$6,011$4,918$4,005$3,424
19 years$8,279$6,773$5,503$4,444$3,569$3,020
20 years$7,783$6,294$5,050$4,025$3,188$2,668
21 years$7,334$5,863$4,645$3,653$2,853$2,362
22 years$6,927$5,472$4,281$3,321$2,557$2,094
23 years$6,556$5,118$3,953$3,025$2,296$1,859
24 years$6,216$4,796$3,656$2,759$2,063$1,652
25 years$5,904$4,500$3,386$2,519$1,857$1,469
26 years$5,616$4,230$3,140$2,303$1,673$1,308
27 years$5,350$3,981$2,916$2,108$1,508$1,166
28 years$5,104$3,751$2,711$1,932$1,361$1,040
29 years$4,875$3,539$2,523$1,771$1,229$928
30 years$4,661$3,342$2,350$1,626$1,110$828
31 years$4,462$3,159$2,191$1,493$1,004$740
32 years$4,276$2,989$2,044$1,372$908$661
33 years$4,101$2,831$1,908$1,262$822$591
34 years$3,937$2,683$1,783$1,161$744$528
35 years$3,783$2,545$1,667$1,069$674$473
36 years$3,637$2,415$1,560$984$610$423
37 years$3,500$2,294$1,460$907$553$379
38 years$3,370$2,180$1,367$836$502$339
39 years$3,247$2,073$1,281$771$455$303
40 years$3,131$1,972$1,200$711$413$272
41 years$3,020$1,877$1,126$656$374$243
42 years$2,916$1,788$1,056$605$340$218
43 years$2,816$1,704$991$559$308$195
44 years$2,721$1,624$930$516$280$175
45 years$2,630$1,549$873$477$254$157
46 years$2,544$1,477$820$440$231$141
47 years$2,462$1,410$771$407$209$126
48 years$2,383$1,346$724$376$190$113
49 years$2,308$1,285$681$347$173$101
50 years$2,236$1,228$640$321$157$91

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,290,000, adding $4,509 every year, while hoping to spend $39,944 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: 60/29/11 Blend
55$2,290,000$2,290,000$2,290,000$2,290,000
56$2,528,231$2,406,861$2,371,366$2,673,078
57$2,743,610$2,482,297$2,408,307$2,846,365
58$2,979,620$2,560,091$2,445,146$3,030,374
59$3,238,321$2,640,315$2,481,839$3,230,113
60$3,521,986$2,723,047$2,518,336$3,447,102
61$3,833,115$2,808,363$2,554,587$3,683,011
62$4,174,464$2,896,343$2,590,536$3,939,682
63$4,549,067$2,987,072$2,626,127$4,219,140
64$4,960,266$3,080,633$2,661,297$4,523,614
65$5,411,745$3,177,116$2,695,982$4,855,557
66$5,907,559$3,276,611$2,730,114$5,217,673
67$6,452,176$3,379,211$2,763,619$5,612,935
68$7,050,519$3,485,013$2,796,421$6,044,618
69$7,708,009$3,594,116$2,828,438$6,516,330
70$8,430,622$3,706,623$2,859,586$7,032,041
71$9,224,937$3,822,639$2,889,774$7,596,126
72$10,098,205$3,942,273$2,918,906$8,213,401
73$11,058,415$4,065,637$2,946,883$8,889,169
74$12,114,368$4,192,848$2,973,598$9,629,275
75$13,275,759$4,324,024$2,998,939$10,440,153
76$14,553,273$4,459,287$3,022,790$11,328,890
77$15,958,680$4,598,766$3,045,027$12,303,295
78$17,504,950$4,742,589$3,065,519$13,371,967
79$19,206,371$4,890,892$3,084,130$14,544,380
80$21,078,688$5,043,813$3,100,716$15,830,972
81$23,139,249$5,201,495$3,115,125$17,243,238
82$25,407,170$5,364,085$3,127,199$18,793,844
83$27,903,512$5,531,736$3,136,770$20,496,744
84$30,651,481$5,704,603$3,143,664$22,367,310
85$33,676,651$5,882,847$3,147,696$24,422,480
86$37,007,198$6,066,635$3,148,672$26,680,911
87$40,674,170$6,256,138$3,146,390$29,163,162
88$44,711,779$6,451,532$3,140,637$31,891,884
89$49,157,722$6,652,999$3,131,190$34,892,033
90$54,053,540$6,860,726$3,117,815$38,191,105
91$59,445,005$7,074,906$3,100,267$41,819,398
92$65,382,557$7,295,738$3,078,287$45,810,292
93$71,921,776$7,523,426$3,051,607$50,200,568
94$79,123,906$7,758,183$3,019,945$55,030,756
95$87,056,436$8,000,226$2,983,005$60,345,511
96$95,793,733$8,249,778$2,940,476$66,194,037
97$105,417,747$8,507,070$2,892,036$72,630,554
98$116,018,782$8,772,341$2,837,344$79,714,805
99$127,696,348$9,045,836$2,776,045$87,512,620
100$140,560,101$9,327,807$2,707,767$96,096,539