Can I retire at age 56 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$221,312$219,341$217,417$215,540$213,707$207,615
2 years$109,560$107,520$105,542$103,625$101,765$95,675
3 years$72,315$70,265$68,293$66,394$64,564$58,667
4 years$53,696$51,653$49,700$47,833$46,048$40,388
5 years$42,527$40,496$38,569$36,740$35,005$29,598
6 years$35,084$33,068$31,170$29,381$27,698$22,550
7 years$29,769$27,771$25,902$24,156$22,526$17,636
8 years$25,785$23,805$21,967$20,264$18,687$14,053
9 years$22,688$20,726$18,920$17,260$15,737$11,355
10 years$20,212$18,269$16,495$14,879$13,409$9,271
11 years$18,187$16,264$14,522$12,949$11,532$7,633
12 years$16,501$14,598$12,888$11,358$9,994$6,325
13 years$15,075$13,192$11,514$10,027$8,715$5,269
14 years$13,855$11,991$10,346$8,901$7,639$4,408
15 years$12,797$10,954$9,341$7,938$6,726$3,700
16 years$11,873$10,050$8,469$7,108$5,945$3,115
17 years$11,059$9,256$7,706$6,386$5,271$2,629
18 years$10,336$8,553$7,035$5,755$4,687$2,223
19 years$9,689$7,927$6,440$5,200$4,177$1,883
20 years$9,108$7,366$5,910$4,710$3,731$1,597
21 years$8,584$6,861$5,436$4,275$3,339$1,356
22 years$8,107$6,404$5,011$3,887$2,993$1,152
23 years$7,672$5,990$4,626$3,540$2,687$980
24 years$7,275$5,612$4,279$3,228$2,415$834
25 years$6,909$5,267$3,963$2,948$2,173$711
26 years$6,573$4,950$3,675$2,696$1,957$606
27 years$6,262$4,658$3,413$2,468$1,765$516
28 years$5,973$4,390$3,173$2,261$1,592$440
29 years$5,705$4,141$2,952$2,073$1,438$376
30 years$5,455$3,911$2,750$1,903$1,299$321
31 years$5,222$3,697$2,564$1,747$1,175$274
32 years$5,004$3,498$2,392$1,606$1,062$234
33 years$4,799$3,313$2,234$1,477$962$200
34 years$4,607$3,140$2,087$1,359$871$170
35 years$4,427$2,978$1,951$1,251$789$146
36 years$4,256$2,827$1,825$1,152$714$124
37 years$4,096$2,685$1,708$1,061$648$106
38 years$3,944$2,551$1,600$978$587$91
39 years$3,800$2,426$1,499$902$532$78
40 years$3,664$2,308$1,405$832$483$66
41 years$3,535$2,197$1,317$768$438$57
42 years$3,412$2,093$1,236$708$397$48
43 years$3,295$1,994$1,160$654$361$41
44 years$3,184$1,900$1,088$604$327$35
45 years$3,078$1,812$1,022$558$297$30
46 years$2,977$1,729$960$515$270$26
47 years$2,881$1,650$902$476$245$22
48 years$2,789$1,575$847$440$223$19
49 years$2,701$1,504$797$406$202$16
50 years$2,617$1,437$749$376$184$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,680,000, adding $3,664 every year, while hoping to spend $44,491 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: 86/7/7 Blend
55$2,680,000$2,680,000$2,680,000$2,680,000
56$2,957,139$2,815,099$2,773,559$3,209,553
57$3,211,430$2,905,701$2,819,136$3,465,278
58$3,490,166$2,999,251$2,864,747$3,739,751
59$3,795,796$3,095,847$2,910,349$4,039,938
60$4,131,013$3,195,590$2,955,892$4,368,397
61$4,498,786$3,298,583$3,001,324$4,727,945
62$4,902,383$3,404,935$3,046,590$5,121,685
63$5,345,407$3,514,757$3,091,630$5,553,033
64$5,831,822$3,628,164$3,136,384$6,025,751
65$6,365,999$3,745,276$3,180,784$6,543,987
66$6,952,752$3,866,215$3,224,761$7,112,304
67$7,597,381$3,991,108$3,268,239$7,735,733
68$8,305,730$4,120,088$3,311,141$8,419,814
69$9,084,232$4,253,291$3,353,382$9,170,650
70$9,939,979$4,390,857$3,394,876$9,994,963
71$10,880,780$4,532,932$3,435,527$10,900,161
72$11,915,241$4,679,667$3,475,238$11,894,404
73$13,052,842$4,831,217$3,513,906$12,986,679
74$14,304,030$4,987,744$3,551,419$14,186,891
75$15,680,312$5,149,415$3,587,663$15,505,951
76$17,194,369$5,316,402$3,622,515$16,955,880
77$18,860,172$5,488,882$3,655,846$18,549,922
78$20,693,113$5,667,042$3,687,521$20,302,671
79$22,710,155$5,851,072$3,717,398$22,230,204
80$24,929,986$6,041,168$3,745,325$24,350,237
81$27,373,195$6,237,537$3,771,144$26,682,287
82$30,062,473$6,440,388$3,794,690$29,247,862
83$33,022,820$6,649,942$3,815,786$32,070,658
84$36,281,782$6,866,423$3,834,250$35,176,786
85$39,869,714$7,090,068$3,849,887$38,595,016
86$43,820,061$7,321,117$3,862,494$42,357,049
87$48,169,677$7,559,823$3,871,858$46,497,816
88$52,959,174$7,806,444$3,877,755$51,055,808
89$58,233,300$8,061,249$3,879,950$56,073,436
90$64,041,363$8,324,517$3,878,195$61,597,434
91$70,437,699$8,596,535$3,872,232$67,679,301
92$77,482,181$8,877,603$3,861,788$74,375,781
93$85,240,786$9,168,027$3,846,580$81,749,404
94$93,786,213$9,468,128$3,826,308$89,869,072
95$103,198,577$9,778,236$3,800,659$98,810,712
96$113,566,156$10,098,694$3,769,305$108,657,990
97$124,986,230$10,429,855$3,731,903$119,503,101
98$137,565,995$10,772,089$3,688,092$131,447,639
99$151,423,579$11,125,773$3,637,495$144,603,556
100$166,689,150$11,491,302$3,579,717$159,094,217