Can I retire at age 56 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$214,706$212,793$210,927$209,106$207,328$202,151
2 years$106,290$104,310$102,392$100,532$98,727$93,545
3 years$70,156$68,168$66,254$64,412$62,637$57,611
4 years$52,093$50,111$48,216$46,405$44,673$39,842
5 years$41,257$39,287$37,418$35,643$33,960$29,337
6 years$34,036$32,081$30,239$28,504$26,871$22,461
7 years$28,880$26,942$25,129$23,435$21,853$17,656
8 years$25,015$23,094$21,311$19,659$18,130$14,144
9 years$22,011$20,107$18,355$16,745$15,268$11,490
10 years$19,608$17,724$16,003$14,434$13,009$9,435
11 years$17,644$15,778$14,088$12,562$11,188$7,812
12 years$16,008$14,162$12,503$11,019$9,695$6,512
13 years$14,625$12,798$11,171$9,728$8,455$5,458
14 years$13,441$11,633$10,037$8,635$7,411$4,594
15 years$12,415$10,627$9,062$7,701$6,525$3,881
16 years$11,519$9,750$8,216$6,896$5,767$3,288
17 years$10,729$8,980$7,476$6,196$5,114$2,793
18 years$10,027$8,298$6,825$5,584$4,547$2,378
19 years$9,400$7,690$6,248$5,045$4,053$2,027
20 years$8,837$7,146$5,734$4,569$3,620$1,731
21 years$8,327$6,656$5,274$4,147$3,239$1,480
22 years$7,865$6,213$4,861$3,771$2,904$1,267
23 years$7,443$5,811$4,488$3,434$2,606$1,085
24 years$7,058$5,445$4,151$3,132$2,343$931
25 years$6,703$5,110$3,845$2,860$2,108$798
26 years$6,377$4,802$3,566$2,615$1,899$685
27 years$6,075$4,519$3,311$2,394$1,712$589
28 years$5,795$4,259$3,078$2,193$1,545$506
29 years$5,535$4,018$2,864$2,011$1,395$435
30 years$5,292$3,794$2,668$1,846$1,260$374
31 years$5,066$3,587$2,487$1,695$1,140$321
32 years$4,855$3,394$2,321$1,558$1,031$276
33 years$4,656$3,214$2,167$1,433$933$238
34 years$4,470$3,046$2,025$1,318$845$205
35 years$4,295$2,889$1,893$1,213$765$176
36 years$4,129$2,742$1,771$1,118$693$152
37 years$3,974$2,604$1,657$1,030$628$130
38 years$3,826$2,475$1,552$949$570$112
39 years$3,687$2,354$1,454$875$516$97
40 years$3,555$2,239$1,363$807$468$83
41 years$3,429$2,132$1,278$745$425$72
42 years$3,310$2,030$1,199$687$386$62
43 years$3,197$1,934$1,125$634$350$53
44 years$3,089$1,844$1,056$586$318$46
45 years$2,986$1,758$991$541$288$39
46 years$2,889$1,677$931$500$262$34
47 years$2,795$1,601$875$462$238$29
48 years$2,706$1,528$822$427$216$25
49 years$2,620$1,459$773$394$196$22
50 years$2,539$1,394$726$364$178$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,600,000, adding $6,961 every year, while hoping to spend $20,307 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: 71/7/22 Blend
55$2,600,000$2,600,000$2,600,000$2,600,000
56$2,872,380$2,734,580$2,694,280$3,060,209
57$3,143,757$2,846,968$2,762,932$3,298,797
58$3,442,133$2,964,183$2,833,203$3,556,894
59$3,770,241$3,086,438$2,905,126$3,839,001
60$4,131,092$3,213,961$2,978,735$4,147,499
61$4,528,003$3,346,984$3,054,062$4,485,007
62$4,964,629$3,485,756$3,131,143$4,854,412
63$5,444,996$3,630,532$3,210,010$5,258,889
64$5,973,540$3,781,583$3,290,700$5,701,939
65$6,555,150$3,939,190$3,373,248$6,187,415
66$7,195,212$4,103,647$3,457,688$6,719,560
67$7,899,661$4,275,262$3,544,058$7,303,049
68$8,675,035$4,454,359$3,632,393$7,943,031
69$9,528,540$4,641,274$3,722,730$8,645,175
70$10,468,116$4,836,361$3,815,105$9,415,728
71$11,502,509$5,039,988$3,909,557$10,261,571
72$12,641,360$5,252,543$4,006,122$11,190,282
73$13,895,290$5,474,428$4,104,838$12,210,210
74$15,276,002$5,706,069$4,205,743$13,330,553
75$16,796,395$5,947,906$4,308,876$14,561,441
76$18,470,678$6,200,404$4,414,274$15,914,038
77$20,314,511$6,464,048$4,521,976$17,400,640
78$22,345,149$6,739,344$4,632,021$19,034,793
79$24,581,607$7,026,825$4,744,446$20,831,423
80$27,044,837$7,327,046$4,859,291$22,806,973
81$29,757,928$7,640,589$4,976,595$24,979,560
82$32,746,321$7,968,062$5,096,395$27,369,143
83$36,038,053$8,310,104$5,218,732$29,997,715
84$39,664,017$8,667,381$5,343,641$32,889,504
85$43,658,256$9,040,593$5,471,163$36,071,207
86$48,058,287$9,430,470$5,601,335$39,572,240
87$52,905,447$9,837,778$5,734,195$43,425,011
88$58,245,292$10,263,319$5,869,780$47,665,231
89$64,128,021$10,707,931$6,008,127$52,332,248
90$70,608,952$11,172,492$6,149,272$57,469,416
91$77,749,044$11,657,924$6,293,252$63,124,507
92$85,615,472$12,165,187$6,440,101$69,350,157
93$94,282,261$12,695,292$6,589,855$76,204,369
94$103,830,983$13,249,293$6,742,547$83,751,051
95$114,351,530$13,828,295$6,898,210$92,060,625
96$125,942,962$14,433,457$7,056,875$101,210,690
97$138,714,439$15,065,991$7,218,575$111,286,751
98$152,786,253$15,727,166$7,383,338$122,383,028
99$168,290,964$16,418,311$7,551,194$134,603,342
100$185,374,652$17,140,818$7,722,169$148,062,098