Can I retire at age 56 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$222,138$220,159$218,229$216,344$214,504$206,401
2 years$109,969$107,921$105,936$104,012$102,145$94,075
3 years$72,585$70,528$68,548$66,641$64,805$57,023
4 years$53,896$51,845$49,885$48,011$46,219$38,784
5 years$42,686$40,647$38,713$36,877$35,135$28,065
6 years$35,215$33,192$31,286$29,491$27,801$21,102
7 years$29,880$27,874$25,999$24,246$22,610$16,280
8 years$25,881$23,893$22,049$20,340$18,757$12,790
9 years$22,773$20,803$18,991$17,325$15,796$10,183
10 years$20,287$18,337$16,557$14,934$13,459$8,190
11 years$18,255$16,325$14,576$12,997$11,575$6,639
12 years$16,562$14,652$12,936$11,400$10,031$5,414
13 years$15,132$13,241$11,557$10,065$8,747$4,437
14 years$13,906$12,036$10,384$8,934$7,668$3,650
15 years$12,845$10,995$9,376$7,968$6,751$3,013
16 years$11,918$10,088$8,500$7,134$5,967$2,493
17 years$11,100$9,290$7,735$6,410$5,291$2,067
18 years$10,374$8,585$7,061$5,777$4,704$1,717
19 years$9,726$7,956$6,464$5,220$4,193$1,428
20 years$9,142$7,393$5,932$4,728$3,745$1,189
21 years$8,616$6,887$5,457$4,291$3,352$991
22 years$8,137$6,428$5,029$3,901$3,004$827
23 years$7,701$6,012$4,644$3,553$2,697$690
24 years$7,302$5,633$4,295$3,240$2,424$576
25 years$6,935$5,286$3,978$2,959$2,181$482
26 years$6,597$4,968$3,689$2,706$1,965$402
27 years$6,285$4,676$3,426$2,477$1,771$337
28 years$5,995$4,406$3,185$2,269$1,598$281
29 years$5,726$4,157$2,963$2,081$1,443$235
30 years$5,476$3,925$2,760$1,910$1,304$197
31 years$5,242$3,711$2,573$1,754$1,179$165
32 years$5,023$3,511$2,401$1,612$1,066$138
33 years$4,817$3,325$2,242$1,482$965$116
34 years$4,625$3,152$2,095$1,364$874$97
35 years$4,443$2,989$1,958$1,256$791$81
36 years$4,272$2,837$1,832$1,156$717$68
37 years$4,111$2,695$1,715$1,065$650$57
38 years$3,959$2,561$1,606$982$589$48
39 years$3,814$2,435$1,504$905$534$40
40 years$3,678$2,317$1,410$835$485$33
41 years$3,548$2,205$1,322$771$440$28
42 years$3,425$2,100$1,240$711$399$23
43 years$3,308$2,001$1,164$656$362$20
44 years$3,196$1,908$1,092$606$329$16
45 years$3,090$1,819$1,026$560$298$14
46 years$2,989$1,735$963$517$271$11
47 years$2,892$1,656$905$478$246$10
48 years$2,799$1,581$851$441$223$8
49 years$2,711$1,510$799$408$203$7
50 years$2,626$1,442$752$377$184$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,690,000, adding $5,136 every year, while hoping to spend $52,440 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: 46/27/27 Blend
55$2,690,000$2,690,000$2,690,000$2,690,000
56$2,969,678$2,827,108$2,785,413$3,083,000
57$3,216,789$2,909,840$2,822,928$3,246,394
58$3,487,348$2,994,869$2,859,943$3,418,079
59$3,783,692$3,082,252$2,896,385$3,603,345
60$4,108,392$3,172,046$2,932,178$3,803,491
61$4,464,283$3,264,311$2,967,240$4,019,949
62$4,854,485$3,359,107$3,001,488$4,254,294
63$5,282,435$3,456,496$3,034,830$4,508,260
64$5,751,919$3,556,540$3,067,173$4,783,757
65$6,267,106$3,659,302$3,098,415$5,082,891
66$6,832,591$3,764,847$3,128,452$5,407,977
67$7,453,431$3,873,241$3,157,171$5,761,568
68$8,135,200$3,984,549$3,184,455$6,146,476
69$8,884,038$4,098,839$3,210,182$6,565,797
70$9,706,707$4,216,179$3,234,220$7,022,943
71$10,610,657$4,336,639$3,256,433$7,521,672
72$11,604,098$4,460,288$3,276,677$8,066,125
73$12,696,071$4,587,197$3,294,801$8,660,863
74$13,896,539$4,717,438$3,310,645$9,310,913
75$15,216,476$4,851,083$3,324,042$10,021,813
76$16,667,975$4,988,205$3,334,816$10,799,663
77$18,264,359$5,128,877$3,342,783$11,651,187
78$20,020,307$5,273,175$3,347,749$12,583,793
79$21,951,989$5,421,172$3,349,510$13,605,643
80$24,077,226$5,572,943$3,347,852$14,725,733
81$26,415,651$5,728,565$3,342,553$15,953,973
82$28,988,895$5,888,112$3,333,376$17,301,285
83$31,820,793$6,051,661$3,320,075$18,779,706
84$34,937,609$6,219,287$3,302,393$20,402,497
85$38,368,279$6,391,066$3,280,057$22,184,274
86$42,144,690$6,567,074$3,252,785$24,141,142
87$46,301,974$6,747,387$3,220,279$26,290,851
88$50,878,844$6,932,078$3,182,227$28,652,958
89$55,917,958$7,121,222$3,138,304$31,249,019
90$61,466,321$7,314,892$3,088,168$34,102,786
91$67,575,725$7,513,161$3,031,461$37,240,436
92$74,303,244$7,716,101$2,967,810$40,690,815
93$81,711,765$7,923,780$2,896,822$44,485,715
94$89,870,588$8,136,268$2,818,088$48,660,170
95$98,856,073$8,353,631$2,731,180$53,252,788
96$108,752,367$8,575,934$2,635,649$58,306,118
97$119,652,192$8,803,237$2,531,026$63,867,049
98$131,657,721$9,035,602$2,416,821$69,987,257
99$144,881,547$9,273,084$2,292,523$76,723,690
100$159,447,737$9,515,738$2,157,594$84,139,106