Can I retire at age 56 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$190,758$189,058$187,401$185,783$184,203$178,021
2 years$94,434$92,676$90,971$89,319$87,716$81,549
3 years$62,331$60,565$58,864$57,227$55,650$49,692
4 years$46,282$44,521$42,838$41,229$39,690$33,986
5 years$36,656$34,905$33,244$31,668$30,172$24,737
6 years$30,240$28,503$26,866$25,325$23,874$18,712
7 years$25,659$23,937$22,326$20,821$19,416$14,527
8 years$22,225$20,518$18,934$17,466$16,107$11,487
9 years$19,556$17,865$16,308$14,877$13,565$9,208
10 years$17,421$15,747$14,218$12,824$11,558$7,458
11 years$15,676$14,019$12,517$11,161$9,940$6,088
12 years$14,223$12,582$11,109$9,790$8,614$5,002
13 years$12,994$11,371$9,925$8,643$7,512$4,130
14 years$11,942$10,336$8,917$7,672$6,585$3,424
15 years$11,031$9,442$8,051$6,842$5,798$2,848
16 years$10,234$8,663$7,300$6,127$5,124$2,375
17 years$9,532$7,978$6,642$5,505$4,543$1,986
18 years$8,909$7,372$6,064$4,961$4,040$1,663
19 years$8,352$6,832$5,551$4,482$3,601$1,394
20 years$7,851$6,349$5,094$4,060$3,216$1,171
21 years$7,398$5,914$4,686$3,684$2,878$984
22 years$6,988$5,520$4,319$3,350$2,580$828
23 years$6,613$5,163$3,988$3,051$2,316$697
24 years$6,270$4,837$3,688$2,783$2,081$588
25 years$5,956$4,540$3,416$2,541$1,873$495
26 years$5,665$4,267$3,168$2,324$1,687$418
27 years$5,397$4,015$2,942$2,127$1,521$352
28 years$5,148$3,784$2,735$1,949$1,372$297
29 years$4,917$3,569$2,545$1,787$1,239$251
30 years$4,702$3,371$2,370$1,640$1,120$212
31 years$4,501$3,187$2,210$1,506$1,012$179
32 years$4,313$3,015$2,062$1,384$916$151
33 years$4,137$2,855$1,925$1,273$829$128
34 years$3,971$2,706$1,799$1,171$750$108
35 years$3,816$2,567$1,682$1,078$680$91
36 years$3,669$2,436$1,573$993$616$77
37 years$3,530$2,314$1,472$915$558$65
38 years$3,399$2,199$1,379$843$506$55
39 years$3,276$2,091$1,292$778$459$46
40 years$3,158$1,990$1,211$717$416$39
41 years$3,047$1,894$1,135$662$378$33
42 years$2,941$1,804$1,065$611$343$28
43 years$2,840$1,719$999$564$311$24
44 years$2,745$1,638$938$520$282$20
45 years$2,653$1,562$881$481$256$17
46 years$2,566$1,490$827$444$233$14
47 years$2,483$1,422$777$410$211$12
48 years$2,404$1,358$730$379$192$10
49 years$2,328$1,296$687$350$174$9
50 years$2,255$1,238$645$324$158$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,310,000, adding $3,364 every year, while hoping to spend $55,646 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: 56/39/5 Blend
55$2,310,000$2,310,000$2,310,000$2,310,000
56$2,549,090$2,426,660$2,390,855$2,689,142
57$2,749,890$2,486,359$2,411,742$2,843,446
58$2,969,307$2,547,119$2,431,463$3,004,874
59$3,209,181$2,608,932$2,449,921$3,179,297
60$3,471,537$2,671,790$2,467,014$3,367,956
61$3,758,607$2,735,681$2,482,632$3,572,218
62$4,072,847$2,800,591$2,496,662$3,793,586
63$4,416,961$2,866,503$2,508,984$4,033,718
64$4,793,928$2,933,400$2,519,472$4,294,437
65$5,207,029$3,001,256$2,527,995$4,577,751
66$5,659,876$3,070,048$2,534,412$4,885,873
67$6,156,448$3,139,745$2,538,580$5,221,239
68$6,701,127$3,210,313$2,540,343$5,586,531
69$7,298,740$3,281,717$2,539,543$5,984,704
70$7,954,603$3,353,913$2,536,010$6,419,015
71$8,674,574$3,426,856$2,529,567$6,893,050
72$9,465,102$3,500,494$2,520,029$7,410,758
73$10,333,295$3,574,770$2,507,202$7,976,493
74$11,286,980$3,649,622$2,490,882$8,595,049
75$12,334,781$3,724,983$2,470,856$9,271,710
76$13,486,198$3,800,777$2,446,899$10,012,297
77$14,751,698$3,876,922$2,418,778$10,823,223
78$16,142,811$3,953,331$2,386,247$11,711,555
79$17,672,240$4,029,907$2,349,049$12,685,081
80$19,353,981$4,106,545$2,306,915$13,752,381
81$21,203,454$4,183,133$2,259,563$14,922,910
82$23,237,647$4,259,547$2,206,699$16,207,087
83$25,475,278$4,335,656$2,148,015$17,616,394
84$27,936,971$4,411,317$2,083,187$19,163,482
85$30,645,447$4,486,377$2,011,879$20,862,296
86$33,625,743$4,560,670$1,933,738$22,728,199
87$36,905,445$4,634,019$1,848,395$24,778,123
88$40,514,948$4,706,234$1,755,463$27,030,729
89$44,487,742$4,777,109$1,654,541$29,506,581
90$48,860,730$4,846,425$1,545,206$32,228,339
91$53,674,572$4,913,948$1,427,018$35,220,979
92$58,974,073$4,979,426$1,299,518$38,512,023
93$64,808,601$5,042,590$1,162,224$42,131,803
94$71,232,555$5,103,153$1,014,635$46,113,747
95$78,305,876$5,160,809$856,226$50,494,695
96$86,094,615$5,215,228$686,450$55,315,245
97$94,671,555$5,266,063$504,735$60,620,139
98$104,116,894$5,312,941$310,483$66,458,689
99$114,519,006$5,355,464$103,073$72,885,238
100$125,975,272$5,393,209$0$79,959,674