Can I retire at age 56 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$210,577$208,701$206,871$205,085$203,341$201,217
2 years$104,246$102,304$100,423$98,598$96,829$94,690
3 years$68,807$66,857$64,980$63,173$61,432$59,345
4 years$51,091$49,147$47,289$45,513$43,814$41,794
5 years$40,464$38,532$36,698$34,958$33,307$31,360
6 years$33,382$31,464$29,658$27,956$26,354$24,484
7 years$28,325$26,424$24,646$22,984$21,433$19,639
8 years$24,534$22,650$20,901$19,281$17,781$16,064
9 years$21,587$19,721$18,002$16,423$14,974$13,333
10 years$19,231$17,383$15,695$14,157$12,759$11,192
11 years$17,305$15,475$13,818$12,321$10,973$9,480
12 years$15,701$13,889$12,263$10,807$9,509$8,088
13 years$14,344$12,552$10,956$9,541$8,292$6,941
14 years$13,183$11,409$9,844$8,469$7,269$5,986
15 years$12,177$10,423$8,888$7,553$6,400$5,184
16 years$11,297$9,563$8,058$6,763$5,656$4,505
17 years$10,522$8,807$7,332$6,077$5,015$3,926
18 years$9,834$8,138$6,694$5,476$4,459$3,430
19 years$9,219$7,542$6,128$4,948$3,975$3,004
20 years$8,667$7,009$5,624$4,482$3,550$2,635
21 years$8,167$6,528$5,173$4,067$3,177$2,315
22 years$7,714$6,094$4,767$3,698$2,848$2,037
23 years$7,300$5,699$4,402$3,368$2,556$1,795
24 years$6,922$5,340$4,071$3,072$2,298$1,583
25 years$6,574$5,011$3,771$2,805$2,068$1,397
26 years$6,254$4,710$3,497$2,565$1,862$1,234
27 years$5,958$4,433$3,247$2,348$1,679$1,091
28 years$5,683$4,177$3,019$2,151$1,515$965
29 years$5,428$3,940$2,809$1,973$1,368$854
30 years$5,191$3,721$2,617$1,810$1,236$757
31 years$4,969$3,518$2,439$1,663$1,118$670
32 years$4,761$3,328$2,276$1,528$1,011$594
33 years$4,567$3,152$2,125$1,405$915$527
34 years$4,384$2,988$1,986$1,293$828$467
35 years$4,212$2,834$1,856$1,190$750$414
36 years$4,050$2,690$1,737$1,096$680$368
37 years$3,897$2,554$1,625$1,010$616$326
38 years$3,753$2,428$1,522$931$559$290
39 years$3,616$2,308$1,426$858$507$257
40 years$3,486$2,196$1,337$792$459$228
41 years$3,363$2,091$1,253$730$417$203
42 years$3,247$1,991$1,176$674$378$180
43 years$3,135$1,897$1,103$622$343$160
44 years$3,030$1,808$1,036$575$312$142
45 years$2,929$1,724$972$531$283$126
46 years$2,833$1,645$913$490$257$112
47 years$2,741$1,570$858$453$233$100
48 years$2,654$1,499$806$418$212$88
49 years$2,570$1,431$758$387$192$79
50 years$2,490$1,367$713$357$175$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,550,000, adding $6,721 every year, while hoping to spend $52,867 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: 45/25/30 Blend
55$2,550,000$2,550,000$2,550,000$2,550,000
56$2,817,033$2,681,883$2,642,358$2,919,080
57$3,048,120$2,757,045$2,674,627$3,067,702
58$3,301,006$2,834,118$2,706,205$3,223,232
59$3,577,859$2,913,140$2,737,013$3,390,924
60$3,881,066$2,994,149$2,766,968$3,571,945
61$4,213,255$3,077,183$2,795,982$3,767,582
62$4,577,322$3,162,279$2,823,962$3,979,251
63$4,976,454$3,249,477$2,850,810$4,208,513
64$5,414,163$3,338,812$2,876,423$4,457,089
65$5,894,318$3,430,324$2,900,693$4,726,871
66$6,421,177$3,524,048$2,923,505$5,019,948
67$6,999,434$3,620,023$2,944,739$5,338,618
68$7,634,256$3,718,285$2,964,268$5,685,415
69$8,331,338$3,818,869$2,981,959$6,063,131
70$9,096,952$3,921,810$2,997,672$6,474,843
71$9,938,006$4,027,144$3,011,259$6,923,939
72$10,862,113$4,134,905$3,022,567$7,414,156
73$11,877,658$4,245,124$3,031,431$7,949,611
74$12,993,877$4,357,833$3,037,683$8,534,839
75$14,220,949$4,473,064$3,041,142$9,174,840
76$15,570,086$4,590,844$3,041,620$9,875,124
77$17,053,640$4,711,201$3,038,920$10,641,763
78$18,685,223$4,834,161$3,032,835$11,481,449
79$20,479,828$4,959,747$3,023,147$12,401,557
80$22,453,977$5,087,982$3,009,629$13,410,215
81$24,625,874$5,218,884$2,992,043$14,516,382
82$27,015,574$5,352,470$2,970,138$15,729,930
83$29,645,176$5,488,755$2,943,651$17,061,740
84$32,539,030$5,627,749$2,912,308$18,523,806
85$35,723,962$5,769,460$2,875,822$20,129,345
86$39,229,535$5,913,893$2,833,891$21,892,923
87$43,088,322$6,061,047$2,786,200$23,830,597
88$47,336,211$6,210,919$2,732,419$25,960,061
89$52,012,751$6,363,501$2,672,201$28,300,817
90$57,161,518$6,518,779$2,605,187$30,874,360
91$62,830,529$6,676,734$2,530,996$33,704,380
92$69,072,692$6,837,344$2,449,234$36,816,985
93$75,946,310$7,000,577$2,359,486$40,240,951
94$83,515,625$7,166,396$2,261,320$44,007,994
95$91,851,428$7,334,759$2,154,284$48,153,066
96$101,031,725$7,505,614$2,037,904$52,714,691
97$111,142,473$7,678,901$1,911,686$57,735,326
98$122,278,391$7,854,553$1,775,113$63,261,766
99$134,543,853$8,032,493$1,627,646$69,345,582
100$148,053,874$8,212,633$1,468,720$76,043,613