Can I retire at age 56 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$206,448$204,609$202,815$201,063$199,354$191,444
2 years$102,202$100,298$98,454$96,665$94,930$87,060
3 years$67,458$65,546$63,706$61,934$60,228$52,644
4 years$50,089$48,183$46,362$44,620$42,955$35,715
5 years$39,671$37,776$35,979$34,273$32,654$25,777
6 years$32,727$30,847$29,076$27,408$25,838$19,328
7 years$27,770$25,905$24,162$22,534$21,013$14,868
8 years$24,053$22,206$20,492$18,903$17,432$11,646
9 years$21,164$19,334$17,649$16,101$14,680$9,244
10 years$18,854$17,042$15,387$13,879$12,509$7,411
11 years$16,965$15,172$13,547$12,079$10,758$5,988
12 years$15,393$13,617$12,022$10,595$9,322$4,867
13 years$14,063$12,306$10,741$9,354$8,129$3,975
14 years$12,924$11,186$9,651$8,303$7,126$3,259
15 years$11,938$10,218$8,713$7,405$6,274$2,680
16 years$11,076$9,375$7,900$6,630$5,545$2,209
17 years$10,316$8,634$7,189$5,957$4,917$1,825
18 years$9,642$7,978$6,562$5,369$4,372$1,510
19 years$9,039$7,394$6,008$4,851$3,897$1,251
20 years$8,497$6,871$5,513$4,394$3,481$1,038
21 years$8,007$6,400$5,071$3,988$3,115$862
22 years$7,562$5,974$4,674$3,626$2,792$716
23 years$7,157$5,588$4,316$3,302$2,506$595
24 years$6,786$5,235$3,991$3,012$2,253$495
25 years$6,445$4,913$3,697$2,750$2,027$412
26 years$6,131$4,617$3,428$2,515$1,826$343
27 years$5,841$4,346$3,184$2,302$1,646$286
28 years$5,572$4,095$2,960$2,109$1,485$238
29 years$5,322$3,863$2,754$1,934$1,341$198
30 years$5,089$3,648$2,565$1,775$1,212$165
31 years$4,871$3,449$2,392$1,630$1,096$138
32 years$4,668$3,263$2,231$1,498$991$115
33 years$4,477$3,090$2,084$1,378$897$96
34 years$4,298$2,929$1,947$1,268$812$80
35 years$4,129$2,778$1,820$1,167$736$67
36 years$3,971$2,637$1,703$1,075$666$55
37 years$3,821$2,504$1,594$990$604$46
38 years$3,679$2,380$1,492$913$548$39
39 years$3,545$2,263$1,398$841$497$32
40 years$3,418$2,153$1,310$776$450$27
41 years$3,297$2,050$1,229$716$409$22
42 years$3,183$1,952$1,153$661$371$19
43 years$3,074$1,860$1,082$610$337$16
44 years$2,970$1,773$1,015$563$305$13
45 years$2,872$1,691$953$520$277$11
46 years$2,777$1,613$895$481$252$9
47 years$2,688$1,539$841$444$229$8
48 years$2,602$1,469$791$410$208$6
49 years$2,519$1,403$743$379$189$5
50 years$2,441$1,340$699$350$171$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,500,000, adding $6,787 every year, while hoping to spend $57,542 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: 54/20/26 Blend
55$2,500,000$2,500,000$2,500,000$2,500,000
56$2,762,001$2,629,501$2,590,751$2,890,926
57$2,982,501$2,697,122$2,616,317$3,048,219
58$3,223,563$2,766,128$2,640,811$3,212,871
59$3,487,224$2,836,526$2,664,136$3,390,954
60$3,775,727$2,908,322$2,686,190$3,583,777
61$4,091,540$2,981,519$2,706,867$3,792,779
62$4,437,384$3,056,120$2,726,053$4,019,551
63$4,816,251$3,132,123$2,743,629$4,265,842
64$5,231,439$3,209,528$2,759,472$4,533,579
65$5,686,581$3,288,330$2,773,449$4,824,890
66$6,185,675$3,368,521$2,785,423$5,142,114
67$6,733,127$3,450,093$2,795,248$5,487,834
68$7,333,790$3,533,031$2,802,772$5,864,892
69$7,993,008$3,617,320$2,807,836$6,276,424
70$8,716,668$3,702,942$2,810,272$6,725,883
71$9,511,255$3,789,873$2,809,903$7,217,077
72$10,383,912$3,878,086$2,806,544$7,754,202
73$11,342,510$3,967,551$2,800,002$8,341,882
74$12,395,717$4,058,232$2,790,073$8,985,214
75$13,553,083$4,150,089$2,776,544$9,689,817
76$14,825,131$4,243,077$2,759,191$10,461,881
77$16,223,451$4,337,144$2,737,781$11,308,231
78$17,760,813$4,432,235$2,712,067$12,236,389
79$19,451,288$4,528,285$2,681,793$13,254,645
80$21,310,375$4,625,227$2,646,689$14,372,137
81$23,355,153$4,722,984$2,606,473$15,598,936
82$25,604,439$4,821,470$2,560,850$16,946,143
83$28,078,965$4,920,595$2,509,511$18,425,993
84$30,801,573$5,020,258$2,452,133$20,051,972
85$33,797,431$5,120,348$2,388,378$21,838,942
86$37,094,271$5,220,747$2,317,890$23,803,287
87$40,722,648$5,321,325$2,240,301$25,963,062
88$44,716,229$5,421,941$2,155,222$28,338,170
89$49,112,111$5,522,443$2,062,249$30,950,546
90$53,951,171$5,622,667$1,960,958$33,824,365
91$59,278,448$5,722,435$1,850,908$36,986,276
92$65,143,571$5,821,555$1,731,635$40,465,646
93$71,601,226$5,919,823$1,602,655$44,294,846
94$78,711,672$6,017,015$1,463,465$48,509,553
95$86,541,308$6,112,894$1,313,537$53,149,088
96$95,163,300$6,207,204$1,152,318$58,256,789
97$104,658,270$6,299,671$979,235$63,880,422
98$115,115,059$6,390,000$793,685$70,072,631
99$126,631,562$6,477,878$595,041$76,891,437
100$139,315,654$6,562,966$382,647$84,400,788