Can I retire at age 56 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$220,486$218,522$216,606$214,736$212,910$211,923
2 years$109,152$107,119$105,149$103,238$101,385$100,390
3 years$72,045$70,003$68,038$66,146$64,323$63,349
4 years$53,495$51,460$49,514$47,654$45,876$44,931
5 years$42,368$40,345$38,425$36,603$34,874$33,961
6 years$34,953$32,945$31,053$29,272$27,595$26,715
7 years$29,658$27,667$25,805$24,066$22,442$21,595
8 years$25,689$23,716$21,885$20,188$18,618$17,805
9 years$22,603$20,649$18,850$17,196$15,679$14,899
10 years$20,136$18,201$16,433$14,823$13,359$12,612
11 years$18,119$16,203$14,468$12,901$11,489$10,775
12 years$16,439$14,543$12,840$11,316$9,956$9,274
13 years$15,019$13,143$11,471$9,990$8,682$8,031
14 years$13,803$11,946$10,307$8,868$7,611$6,990
15 years$12,750$10,913$9,306$7,909$6,701$6,111
16 years$11,829$10,013$8,437$7,081$5,922$5,361
17 years$11,018$9,221$7,678$6,362$5,251$4,718
18 years$10,297$8,521$7,009$5,734$4,669$4,163
19 years$9,653$7,897$6,416$5,181$4,162$3,682
20 years$9,074$7,338$5,888$4,692$3,717$3,263
21 years$8,552$6,835$5,416$4,259$3,327$2,897
22 years$8,077$6,381$4,992$3,872$2,982$2,576
23 years$7,644$5,968$4,609$3,526$2,677$2,293
24 years$7,248$5,591$4,263$3,216$2,406$2,044
25 years$6,884$5,247$3,948$2,937$2,165$1,824
26 years$6,548$4,931$3,662$2,686$1,950$1,629
27 years$6,238$4,641$3,400$2,458$1,758$1,457
28 years$5,951$4,373$3,161$2,252$1,586$1,303
29 years$5,684$4,126$2,941$2,065$1,432$1,166
30 years$5,435$3,896$2,740$1,896$1,294$1,045
31 years$5,203$3,683$2,554$1,741$1,170$936
32 years$4,985$3,485$2,383$1,600$1,059$839
33 years$4,782$3,300$2,225$1,471$958$753
34 years$4,590$3,128$2,079$1,354$867$675
35 years$4,410$2,967$1,944$1,246$786$606
36 years$4,241$2,816$1,818$1,148$712$544
37 years$4,080$2,675$1,702$1,057$645$489
38 years$3,929$2,542$1,594$975$585$439
39 years$3,786$2,417$1,493$899$530$394
40 years$3,650$2,300$1,400$829$481$354
41 years$3,522$2,189$1,312$765$436$318
42 years$3,399$2,085$1,231$706$396$286
43 years$3,283$1,986$1,155$652$359$257
44 years$3,172$1,893$1,084$602$326$231
45 years$3,067$1,806$1,018$556$296$208
46 years$2,966$1,722$956$513$269$187
47 years$2,870$1,644$898$474$244$168
48 years$2,779$1,569$844$438$222$151
49 years$2,691$1,498$794$405$201$136
50 years$2,607$1,431$746$374$183$122

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,670,000, adding $3,528 every year, while hoping to spend $50,173 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: 83/10/7 Blend
55$2,670,000$2,670,000$2,670,000$2,670,000
56$2,945,979$2,804,469$2,763,084$3,188,319
57$3,193,085$2,888,504$2,802,264$3,431,228
58$3,463,715$2,974,976$2,841,074$3,690,795
59$3,760,214$3,063,950$2,879,450$3,974,260
60$4,085,167$3,155,494$2,917,323$4,283,988
61$4,441,419$3,249,679$2,954,619$4,622,586
62$4,832,106$3,346,575$2,991,260$4,992,921
63$5,260,678$3,446,255$3,027,166$5,398,154
64$5,730,940$3,548,794$3,062,248$5,841,764
65$6,247,079$3,654,269$3,096,417$6,327,584
66$6,813,710$3,762,756$3,129,575$6,859,836
67$7,435,913$3,874,336$3,161,621$7,443,168
68$8,119,288$3,989,091$3,192,447$8,082,702
69$8,870,002$4,107,103$3,221,941$8,784,081
70$9,694,850$4,228,458$3,249,983$9,553,519
71$10,601,315$4,353,243$3,276,448$10,397,862
72$11,597,643$4,481,546$3,301,203$11,324,653
73$12,692,920$4,613,459$3,324,110$12,342,199
74$13,897,152$4,749,073$3,345,023$13,459,655
75$15,221,368$4,888,483$3,363,787$14,687,106
76$16,677,714$5,031,786$3,380,241$16,035,660
77$18,279,577$5,179,079$3,394,215$17,517,561
78$20,041,703$5,330,463$3,405,530$19,146,292
79$21,980,340$5,486,039$3,413,998$20,936,715
80$24,113,391$5,645,912$3,419,424$22,905,201
81$26,460,582$5,810,186$3,421,600$25,069,788
82$29,043,646$5,978,971$3,420,308$27,450,351
83$31,886,532$6,152,374$3,415,322$30,068,789
84$35,015,625$6,330,508$3,406,403$32,949,233
85$38,460,002$6,513,485$3,393,300$36,118,270
86$42,251,697$6,701,421$3,375,751$39,605,195
87$46,426,012$6,894,432$3,353,480$43,442,289
88$51,021,843$7,092,637$3,326,199$47,665,122
89$56,082,050$7,296,156$3,293,606$52,312,887
90$61,653,862$7,505,110$3,255,385$57,428,772
91$67,789,320$7,719,624$3,211,204$63,060,365
92$74,545,767$7,939,822$3,160,716$69,260,107
93$81,986,392$8,165,831$3,103,557$76,085,780
94$90,180,826$8,397,778$3,039,348$83,601,059
95$99,205,794$8,635,793$2,967,690$91,876,107
96$109,145,845$8,880,007$2,888,167$100,988,241
97$120,094,144$9,130,550$2,800,344$111,022,659
98$132,153,355$9,387,556$2,703,764$122,073,244
99$145,436,609$9,651,157$2,597,952$134,243,453
100$160,068,568$9,921,489$2,482,408$147,647,288