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%18.2%
1 years$215,531$213,612$211,738$209,910$208,125$201,221
2 years$106,699$104,712$102,786$100,918$99,107$92,219
3 years$70,426$68,430$66,509$64,659$62,878$56,221
4 years$52,293$50,303$48,402$46,583$44,845$38,471
5 years$41,416$39,438$37,562$35,781$34,090$28,016
6 years$34,167$32,204$30,355$28,614$26,975$21,204
7 years$28,992$27,045$25,225$23,525$21,938$16,471
8 years$25,112$23,183$21,393$19,735$18,199$13,032
9 years$22,095$20,185$18,426$16,810$15,326$10,453
10 years$19,684$17,792$16,064$14,490$13,059$8,471
11 years$17,712$15,839$14,143$12,611$11,231$6,920
12 years$16,070$14,216$12,551$11,061$9,733$5,689
13 years$14,682$12,847$11,214$9,765$8,487$4,701
14 years$13,493$11,678$10,076$8,669$7,440$3,900
15 years$12,463$10,668$9,097$7,731$6,550$3,246
16 years$11,563$9,788$8,248$6,922$5,789$2,709
17 years$10,770$9,014$7,505$6,220$5,133$2,266
18 years$10,066$8,329$6,851$5,605$4,564$1,899
19 years$9,436$7,720$6,272$5,065$4,068$1,594
20 years$8,871$7,173$5,756$4,587$3,634$1,340
21 years$8,359$6,682$5,294$4,163$3,252$1,127
22 years$7,895$6,237$4,880$3,785$2,915$949
23 years$7,472$5,834$4,505$3,447$2,617$800
24 years$7,085$5,466$4,167$3,144$2,352$674
25 years$6,729$5,129$3,859$2,871$2,116$569
26 years$6,401$4,821$3,579$2,625$1,906$480
27 years$6,098$4,537$3,324$2,403$1,719$405
28 years$5,817$4,275$3,090$2,202$1,551$342
29 years$5,556$4,033$2,875$2,019$1,400$289
30 years$5,313$3,809$2,678$1,853$1,265$244
31 years$5,086$3,600$2,497$1,702$1,144$207
32 years$4,873$3,407$2,330$1,564$1,035$175
33 years$4,674$3,226$2,175$1,438$936$148
34 years$4,487$3,058$2,032$1,323$848$125
35 years$4,311$2,900$1,900$1,218$768$106
36 years$4,145$2,753$1,778$1,122$696$89
37 years$3,989$2,615$1,664$1,034$631$75
38 years$3,841$2,485$1,558$953$572$64
39 years$3,701$2,363$1,460$879$518$54
40 years$3,568$2,248$1,368$810$470$46
41 years$3,442$2,140$1,283$748$427$39
42 years$3,323$2,038$1,203$690$387$33
43 years$3,209$1,942$1,129$637$351$28
44 years$3,101$1,851$1,060$588$319$23
45 years$2,998$1,765$995$543$290$20
46 years$2,900$1,684$935$502$263$17
47 years$2,806$1,607$878$463$239$14
48 years$2,716$1,534$825$428$217$12
49 years$2,630$1,465$776$396$197$10
50 years$2,548$1,399$729$366$179$9

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 $2,084 every year, while hoping to spend $47,428 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: 33/49/18 Blend
55$2,610,000$2,610,000$2,610,000$2,610,000
56$2,878,370$2,740,040$2,699,585$2,957,222
57$3,121,500$2,823,839$2,739,558$3,099,500
58$3,387,841$2,910,154$2,779,280$3,248,216
59$3,679,708$2,999,059$2,818,694$3,407,491
60$3,999,655$3,090,630$2,857,737$3,578,282
61$4,350,492$3,184,942$2,896,343$3,761,638
62$4,735,314$3,282,077$2,934,442$3,958,713
63$5,157,532$3,382,115$2,971,962$4,170,775
64$5,620,902$3,485,140$3,008,824$4,399,219
65$6,129,560$3,591,238$3,044,946$4,645,579
66$6,688,064$3,700,498$3,080,241$4,911,541
67$7,301,435$3,813,010$3,114,617$5,198,961
68$7,975,201$3,928,868$3,147,977$5,509,879
69$8,715,456$4,048,166$3,180,219$5,846,541
70$9,528,911$4,171,005$3,211,234$6,211,418
71$10,422,959$4,297,483$3,240,909$6,607,231
72$11,405,746$4,427,705$3,269,125$7,036,972
73$12,486,246$4,561,776$3,295,755$7,503,936
74$13,674,346$4,699,807$3,320,666$8,011,750
75$14,980,939$4,841,907$3,343,718$8,564,407
76$16,418,027$4,988,192$3,364,764$9,166,302
77$17,998,832$5,138,780$3,383,651$9,822,278
78$19,737,924$5,293,791$3,400,214$10,537,662
79$21,651,354$5,453,349$3,414,283$11,318,326
80$23,756,809$5,617,580$3,425,678$12,170,733
81$26,073,777$5,786,615$3,434,211$13,102,000
82$28,623,729$5,960,586$3,439,684$14,119,970
83$31,430,325$6,139,630$3,441,889$15,233,277
84$34,519,633$6,323,886$3,440,607$16,451,433
85$37,920,378$6,513,500$3,435,610$17,784,915
86$41,664,211$6,708,615$3,426,658$19,245,265
87$45,786,008$6,909,385$3,413,498$20,845,196
88$50,324,197$7,115,961$3,395,867$22,598,713
89$55,321,124$7,328,502$3,373,487$24,521,245
90$60,823,449$7,547,170$3,346,070$26,629,791
91$66,882,588$7,772,128$3,313,310$28,943,076
92$73,555,196$8,003,546$3,274,890$31,481,731
93$80,903,704$8,241,598$3,230,477$34,268,488
94$88,996,905$8,486,459$3,179,720$37,328,389
95$97,910,604$8,738,310$3,122,256$40,689,028
96$107,728,335$8,997,337$3,057,701$44,380,807
97$118,542,147$9,263,728$2,985,655$48,437,222
98$130,453,471$9,537,676$2,905,700$52,895,182
99$143,574,081$9,819,378$2,817,397$57,795,354
100$158,027,145$10,109,035$2,720,288$63,182,550