Can I retire at age 56 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$212,228$210,338$208,493$206,693$204,935$197,900
2 years$105,063$103,107$101,210$99,372$97,588$90,572
3 years$69,347$67,381$65,490$63,668$61,914$55,137
4 years$51,492$49,532$47,660$45,870$44,158$37,672
5 years$40,781$38,834$36,986$35,232$33,568$27,391
6 years$33,644$31,711$29,890$28,175$26,561$20,697
7 years$28,547$26,631$24,839$23,165$21,601$16,049
8 years$24,727$22,828$21,065$19,432$17,920$12,676
9 years$21,757$19,875$18,144$16,552$15,092$10,149
10 years$19,382$17,519$15,818$14,268$12,859$8,209
11 years$17,440$15,596$13,926$12,417$11,059$6,693
12 years$15,824$13,998$12,359$10,892$9,583$5,492
13 years$14,457$12,650$11,042$9,616$8,357$4,528
14 years$13,286$11,499$9,921$8,536$7,326$3,749
15 years$12,272$10,505$8,957$7,612$6,450$3,114
16 years$11,386$9,638$8,121$6,816$5,701$2,593
17 years$10,605$8,876$7,390$6,124$5,055$2,164
18 years$9,912$8,202$6,746$5,519$4,494$1,810
19 years$9,292$7,601$6,176$4,987$4,006$1,516
20 years$8,735$7,064$5,668$4,517$3,578$1,271
21 years$8,231$6,579$5,213$4,099$3,202$1,067
22 years$7,774$6,142$4,805$3,727$2,870$896
23 years$7,358$5,744$4,436$3,394$2,576$753
24 years$6,976$5,382$4,103$3,096$2,316$634
25 years$6,626$5,051$3,800$2,827$2,084$533
26 years$6,303$4,747$3,524$2,585$1,877$449
27 years$6,005$4,467$3,273$2,366$1,692$378
28 years$5,728$4,209$3,042$2,168$1,527$319
29 years$5,471$3,971$2,831$1,988$1,379$269
30 years$5,231$3,750$2,637$1,825$1,246$226
31 years$5,008$3,545$2,459$1,676$1,126$191
32 years$4,799$3,355$2,294$1,540$1,019$161
33 years$4,602$3,177$2,142$1,416$922$136
34 years$4,418$3,011$2,001$1,303$835$114
35 years$4,245$2,856$1,871$1,199$756$97
36 years$4,082$2,711$1,750$1,105$685$81
37 years$3,928$2,574$1,638$1,018$621$69
38 years$3,782$2,447$1,534$938$563$58
39 years$3,644$2,327$1,437$865$510$49
40 years$3,514$2,213$1,347$798$463$41
41 years$3,390$2,107$1,263$736$420$35
42 years$3,272$2,007$1,185$679$381$29
43 years$3,160$1,912$1,112$627$346$25
44 years$3,054$1,822$1,044$579$314$21
45 years$2,952$1,738$980$535$285$18
46 years$2,855$1,658$920$494$259$15
47 years$2,763$1,582$865$456$235$13
48 years$2,674$1,510$813$422$213$11
49 years$2,590$1,442$764$390$194$9
50 years$2,509$1,378$718$360$176$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,570,000, adding $4,089 every year, while hoping to spend $35,644 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: 37/45/18 Blend
55$2,570,000$2,570,000$2,570,000$2,570,000
56$2,836,358$2,700,148$2,660,313$2,925,722
57$3,087,741$2,794,530$2,711,508$3,085,072
58$3,363,571$2,892,343$2,763,224$3,253,410
59$3,666,304$2,993,715$2,815,440$3,434,494
60$3,998,644$3,098,785$2,868,135$3,629,487
61$4,363,572$3,207,691$2,921,283$3,839,665
62$4,764,369$3,320,581$2,974,860$4,066,433
63$5,204,654$3,437,608$3,028,836$4,311,330
64$5,688,408$3,558,931$3,083,182$4,576,050
65$6,220,021$3,684,714$3,137,863$4,862,456
66$6,804,327$3,815,129$3,192,846$5,172,593
67$7,446,653$3,950,355$3,248,091$5,508,710
68$8,152,868$4,090,578$3,303,558$5,873,280
69$8,929,436$4,235,992$3,359,203$6,269,022
70$9,783,480$4,386,798$3,414,979$6,698,929
71$10,722,850$4,543,206$3,470,835$7,166,288
72$11,756,191$4,705,433$3,526,718$7,674,719
73$12,893,030$4,873,707$3,582,571$8,228,203
74$14,143,865$5,048,264$3,638,333$8,831,121
75$15,520,261$5,229,351$3,693,939$9,488,292
76$17,034,962$5,417,223$3,749,320$10,205,021
77$18,702,008$5,612,148$3,804,402$10,987,146
78$20,536,872$5,814,402$3,859,109$11,841,090
79$22,556,601$6,024,275$3,913,357$12,773,928
80$24,779,978$6,242,069$3,967,059$13,793,443
81$27,227,702$6,468,097$4,020,121$14,908,206
82$29,922,579$6,702,685$4,072,447$16,127,652
83$32,889,740$6,946,174$4,123,931$17,462,170
84$36,156,875$7,198,918$4,174,465$18,923,197
85$39,754,498$7,461,287$4,223,931$20,523,327
86$43,716,232$7,733,665$4,272,208$22,276,428
87$48,079,126$8,016,453$4,319,165$24,197,773
88$52,884,006$8,310,069$4,364,667$26,304,180
89$58,175,860$8,614,947$4,408,568$28,614,171
90$64,004,259$8,931,541$4,450,717$31,148,144
91$70,423,831$9,260,324$4,490,953$33,928,566
92$77,494,770$9,601,788$4,529,108$36,980,183
93$85,283,408$9,956,447$4,565,004$40,330,249
94$93,862,838$10,324,835$4,598,454$44,008,786
95$103,313,606$10,707,511$4,629,261$48,048,863
96$113,724,471$11,105,056$4,657,218$52,486,907
97$125,193,239$11,518,076$4,682,107$57,363,042
98$137,827,691$11,947,203$4,703,700$62,721,472
99$151,746,597$12,393,097$4,721,755$68,610,890
100$167,080,836$12,856,446$4,736,020$75,084,940