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%13.5%
1 years$221,312$219,341$217,417$215,540$213,707$210,600
2 years$109,560$107,520$105,542$103,625$101,765$98,642
3 years$72,315$70,265$68,293$66,394$64,564$61,521
4 years$53,696$51,653$49,700$47,833$46,048$43,108
5 years$42,527$40,496$38,569$36,740$35,005$32,178
6 years$35,084$33,068$31,170$29,381$27,698$24,987
7 years$29,769$27,771$25,902$24,156$22,526$19,931
8 years$25,785$23,805$21,967$20,264$18,687$16,209
9 years$22,688$20,726$18,920$17,260$15,737$13,374
10 years$20,212$18,269$16,495$14,879$13,409$11,159
11 years$18,187$16,264$14,522$12,949$11,532$9,393
12 years$16,501$14,598$12,888$11,358$9,994$7,963
13 years$15,075$13,192$11,514$10,027$8,715$6,790
14 years$13,855$11,991$10,346$8,901$7,639$5,817
15 years$12,797$10,954$9,341$7,938$6,726$5,003
16 years$11,873$10,050$8,469$7,108$5,945$4,318
17 years$11,059$9,256$7,706$6,386$5,271$3,737
18 years$10,336$8,553$7,035$5,755$4,687$3,242
19 years$9,689$7,927$6,440$5,200$4,177$2,818
20 years$9,108$7,366$5,910$4,710$3,731$2,454
21 years$8,584$6,861$5,436$4,275$3,339$2,140
22 years$8,107$6,404$5,011$3,887$2,993$1,869
23 years$7,672$5,990$4,626$3,540$2,687$1,634
24 years$7,275$5,612$4,279$3,228$2,415$1,430
25 years$6,909$5,267$3,963$2,948$2,173$1,252
26 years$6,573$4,950$3,675$2,696$1,957$1,097
27 years$6,262$4,658$3,413$2,468$1,765$962
28 years$5,973$4,390$3,173$2,261$1,592$845
29 years$5,705$4,141$2,952$2,073$1,438$741
30 years$5,455$3,911$2,750$1,903$1,299$651
31 years$5,222$3,697$2,564$1,747$1,175$572
32 years$5,004$3,498$2,392$1,606$1,062$503
33 years$4,799$3,313$2,234$1,477$962$442
34 years$4,607$3,140$2,087$1,359$871$389
35 years$4,427$2,978$1,951$1,251$789$342
36 years$4,256$2,827$1,825$1,152$714$301
37 years$4,096$2,685$1,708$1,061$648$265
38 years$3,944$2,551$1,600$978$587$233
39 years$3,800$2,426$1,499$902$532$205
40 years$3,664$2,308$1,405$832$483$181
41 years$3,535$2,197$1,317$768$438$159
42 years$3,412$2,093$1,236$708$397$140
43 years$3,295$1,994$1,160$654$361$123
44 years$3,184$1,900$1,088$604$327$109
45 years$3,078$1,812$1,022$558$297$96
46 years$2,977$1,729$960$515$270$84
47 years$2,881$1,650$902$476$245$74
48 years$2,789$1,575$847$440$223$65
49 years$2,701$1,504$797$406$202$58
50 years$2,617$1,437$749$376$184$51

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 $4,427 every year, while hoping to spend $22,511 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: 40/33/27 Blend
55$2,680,000$2,680,000$2,680,000$2,680,000
56$2,957,926$2,815,886$2,774,346$3,052,495
57$3,235,683$2,929,913$2,843,336$3,235,537
58$3,541,017$3,048,773$2,913,881$3,431,009
59$3,876,717$3,172,679$2,986,012$3,642,057
60$4,245,855$3,301,853$3,059,756$3,870,120
61$4,651,817$3,436,529$3,135,143$4,116,780
62$5,098,333$3,576,950$3,212,201$4,383,773
63$5,589,513$3,723,370$3,290,960$4,673,007
64$6,129,884$3,876,056$3,371,448$4,986,578
65$6,724,436$4,035,286$3,453,695$5,326,789
66$7,378,665$4,201,352$3,537,731$5,696,174
67$8,098,628$4,374,558$3,623,584$6,097,515
68$8,890,999$4,555,221$3,711,285$6,533,873
69$9,763,130$4,743,677$3,800,862$7,008,612
70$10,723,124$4,940,271$3,892,345$7,525,433
71$11,779,908$5,145,370$3,985,764$8,088,405
72$12,943,319$5,359,354$4,081,148$8,702,005
73$14,224,197$5,582,622$4,178,526$9,371,156
74$15,634,486$5,815,590$4,277,927$10,101,277
75$17,187,345$6,058,696$4,379,379$10,898,328
76$18,897,278$6,312,396$4,482,912$11,768,867
77$20,780,263$6,577,166$4,588,553$12,720,111
78$22,853,911$6,853,508$4,696,330$13,760,003
79$25,137,623$7,141,943$4,806,270$14,897,284
80$27,652,781$7,443,019$4,918,401$16,141,578
81$30,422,945$7,757,308$5,032,748$17,503,473
82$33,474,079$8,085,409$5,149,338$18,994,630
83$36,834,789$8,427,948$5,268,195$20,627,883
84$40,536,602$8,785,582$5,389,345$22,417,362
85$44,614,257$9,158,998$5,512,809$24,378,625
86$49,106,035$9,548,912$5,638,612$26,528,800
87$54,054,120$9,956,078$5,766,774$28,886,750
88$59,504,996$10,381,282$5,897,317$31,473,243
89$65,509,888$10,825,347$6,030,260$34,311,149
90$72,125,244$11,289,136$6,165,621$37,425,654
91$79,413,267$11,773,552$6,303,417$40,844,494
92$87,442,502$12,279,538$6,443,664$44,598,216
93$96,288,485$12,808,083$6,586,375$48,720,463
94$106,034,455$13,360,223$6,731,562$53,248,286
95$116,772,136$13,937,041$6,879,236$58,222,498
96$128,602,609$14,539,671$7,029,406$63,688,049
97$141,637,262$15,169,301$7,182,077$69,694,452
98$155,998,840$15,827,175$7,337,254$76,296,245
99$171,822,608$16,514,593$7,494,939$83,553,505
100$189,257,626$17,232,919$7,655,131$91,532,407