Can I retire at age 56 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$215,531$213,612$211,738$209,910$208,125$206,037
2 years$106,699$104,712$102,786$100,918$99,107$97,004
3 years$70,426$68,430$66,509$64,659$62,878$60,825
4 years$52,293$50,303$48,402$46,583$44,845$42,858
5 years$41,416$39,438$37,562$35,781$34,090$32,176
6 years$34,167$32,204$30,355$28,614$26,975$25,134
7 years$28,992$27,045$25,225$23,525$21,938$20,172
8 years$25,112$23,183$21,393$19,735$18,199$16,509
9 years$22,095$20,185$18,426$16,810$15,326$13,710
10 years$19,684$17,792$16,064$14,490$13,059$11,516
11 years$17,712$15,839$14,143$12,611$11,231$9,760
12 years$16,070$14,216$12,551$11,061$9,733$8,332
13 years$14,682$12,847$11,214$9,765$8,487$7,156
14 years$13,493$11,678$10,076$8,669$7,440$6,175
15 years$12,463$10,668$9,097$7,731$6,550$5,351
16 years$11,563$9,788$8,248$6,922$5,789$4,653
17 years$10,770$9,014$7,505$6,220$5,133$4,059
18 years$10,066$8,329$6,851$5,605$4,564$3,549
19 years$9,436$7,720$6,272$5,065$4,068$3,109
20 years$8,871$7,173$5,756$4,587$3,634$2,730
21 years$8,359$6,682$5,294$4,163$3,252$2,400
22 years$7,895$6,237$4,880$3,785$2,915$2,114
23 years$7,472$5,834$4,505$3,447$2,617$1,863
24 years$7,085$5,466$4,167$3,144$2,352$1,645
25 years$6,729$5,129$3,859$2,871$2,116$1,453
26 years$6,401$4,821$3,579$2,625$1,906$1,285
27 years$6,098$4,537$3,324$2,403$1,719$1,137
28 years$5,817$4,275$3,090$2,202$1,551$1,006
29 years$5,556$4,033$2,875$2,019$1,400$891
30 years$5,313$3,809$2,678$1,853$1,265$790
31 years$5,086$3,600$2,497$1,702$1,144$700
32 years$4,873$3,407$2,330$1,564$1,035$621
33 years$4,674$3,226$2,175$1,438$936$551
34 years$4,487$3,058$2,032$1,323$848$489
35 years$4,311$2,900$1,900$1,218$768$434
36 years$4,145$2,753$1,778$1,122$696$386
37 years$3,989$2,615$1,664$1,034$631$343
38 years$3,841$2,485$1,558$953$572$304
39 years$3,701$2,363$1,460$879$518$270
40 years$3,568$2,248$1,368$810$470$240
41 years$3,442$2,140$1,283$748$427$214
42 years$3,323$2,038$1,203$690$387$190
43 years$3,209$1,942$1,129$637$351$169
44 years$3,101$1,851$1,060$588$319$150
45 years$2,998$1,765$995$543$290$133
46 years$2,900$1,684$935$502$263$119
47 years$2,806$1,607$878$463$239$105
48 years$2,716$1,534$825$428$217$94
49 years$2,630$1,465$776$396$197$83
50 years$2,548$1,399$729$366$179$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,610,000, adding $3,685 every year, while hoping to spend $47,101 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: 48/43/9 Blend
55$2,610,000$2,610,000$2,610,000$2,610,000
56$2,880,021$2,741,691$2,701,236$3,011,088
57$3,123,668$2,825,919$2,741,612$3,185,654
58$3,390,589$2,912,695$2,781,763$3,369,837
59$3,683,107$3,002,095$2,821,630$3,568,720
60$4,003,782$3,094,196$2,861,153$3,783,687
61$4,355,433$3,189,077$2,900,267$4,016,260
62$4,741,166$3,286,821$2,938,904$4,268,110
63$5,164,400$3,387,510$2,976,993$4,541,080
64$5,628,902$3,491,232$3,014,456$4,837,192
65$6,138,823$3,598,074$3,051,212$5,158,675
66$6,698,732$3,708,129$3,087,177$5,507,980
67$7,313,665$3,821,490$3,122,260$5,887,804
68$7,989,168$3,938,252$3,156,365$6,301,116
69$8,731,352$4,058,516$3,189,392$6,751,183
70$9,546,949$4,182,382$3,221,236$7,241,603
71$10,443,374$4,309,955$3,251,783$7,776,334
72$11,428,797$4,441,342$3,280,917$8,359,736
73$12,512,220$4,576,653$3,308,514$8,996,609
74$13,703,559$4,716,002$3,334,441$9,692,237
75$15,013,740$4,859,504$3,358,563$10,452,439
76$16,454,801$5,007,279$3,380,734$11,283,623
77$18,040,004$5,159,449$3,400,802$12,192,846
78$19,783,963$5,316,140$3,418,607$13,187,879
79$21,702,777$5,477,481$3,433,981$14,277,282
80$23,814,187$5,643,604$3,446,746$15,470,483
81$26,137,740$5,814,646$3,456,718$16,777,864
82$28,694,972$5,990,746$3,463,700$18,210,863
83$31,509,613$6,172,048$3,467,488$19,782,078
84$34,607,813$6,358,697$3,467,868$21,505,387
85$38,018,381$6,550,845$3,464,613$23,396,077
86$41,773,066$6,748,646$3,457,488$25,470,989
87$45,906,848$6,952,259$3,446,243$27,748,676
88$50,458,273$7,161,846$3,430,619$30,249,575
89$55,469,815$7,377,574$3,410,342$32,996,204
90$60,988,274$7,599,614$3,385,127$36,013,370
91$67,065,224$7,828,141$3,354,675$39,328,403
92$73,757,492$8,063,334$3,318,671$42,971,416
93$81,127,696$8,305,378$3,276,787$46,975,583
94$89,244,840$8,554,460$3,228,678$51,377,459
95$98,184,959$8,810,775$3,173,984$56,217,316
96$108,031,841$9,074,518$3,112,328$61,539,529
97$118,877,813$9,345,894$3,043,316$67,392,991
98$130,824,615$9,625,109$2,966,533$73,831,574
99$143,984,362$9,912,375$2,881,547$80,914,637
100$158,480,596$10,207,910$2,787,908$88,707,586