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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$222,138$220,159$218,229$216,344$214,504$211,561
2 years$109,969$107,921$105,936$104,012$102,145$99,185
3 years$72,585$70,528$68,548$66,641$64,805$61,920
4 years$53,896$51,845$49,885$48,011$46,219$43,432
5 years$42,686$40,647$38,713$36,877$35,135$32,453
6 years$35,215$33,192$31,286$29,491$27,801$25,228
7 years$29,880$27,874$25,999$24,246$22,610$20,146
8 years$25,881$23,893$22,049$20,340$18,757$16,403
9 years$22,773$20,803$18,991$17,325$15,796$13,550
10 years$20,287$18,337$16,557$14,934$13,459$11,319
11 years$18,255$16,325$14,576$12,997$11,575$9,540
12 years$16,562$14,652$12,936$11,400$10,031$8,098
13 years$15,132$13,241$11,557$10,065$8,747$6,914
14 years$13,906$12,036$10,384$8,934$7,668$5,931
15 years$12,845$10,995$9,376$7,968$6,751$5,108
16 years$11,918$10,088$8,500$7,134$5,967$4,415
17 years$11,100$9,290$7,735$6,410$5,291$3,826
18 years$10,374$8,585$7,061$5,777$4,704$3,324
19 years$9,726$7,956$6,464$5,220$4,193$2,894
20 years$9,142$7,393$5,932$4,728$3,745$2,523
21 years$8,616$6,887$5,457$4,291$3,352$2,204
22 years$8,137$6,428$5,029$3,901$3,004$1,928
23 years$7,701$6,012$4,644$3,553$2,697$1,688
24 years$7,302$5,633$4,295$3,240$2,424$1,479
25 years$6,935$5,286$3,978$2,959$2,181$1,298
26 years$6,597$4,968$3,689$2,706$1,965$1,139
27 years$6,285$4,676$3,426$2,477$1,771$1,001
28 years$5,995$4,406$3,185$2,269$1,598$879
29 years$5,726$4,157$2,963$2,081$1,443$773
30 years$5,476$3,925$2,760$1,910$1,304$680
31 years$5,242$3,711$2,573$1,754$1,179$599
32 years$5,023$3,511$2,401$1,612$1,066$527
33 years$4,817$3,325$2,242$1,482$965$464
34 years$4,625$3,152$2,095$1,364$874$409
35 years$4,443$2,989$1,958$1,256$791$360
36 years$4,272$2,837$1,832$1,156$717$318
37 years$4,111$2,695$1,715$1,065$650$280
38 years$3,959$2,561$1,606$982$589$247
39 years$3,814$2,435$1,504$905$534$218
40 years$3,678$2,317$1,410$835$485$192
41 years$3,548$2,205$1,322$771$440$169
42 years$3,425$2,100$1,240$711$399$149
43 years$3,308$2,001$1,164$656$362$132
44 years$3,196$1,908$1,092$606$329$116
45 years$3,090$1,819$1,026$560$298$102
46 years$2,989$1,735$963$517$271$90
47 years$2,892$1,656$905$478$246$80
48 years$2,799$1,581$851$441$223$70
49 years$2,711$1,510$799$408$203$62
50 years$2,626$1,442$752$377$184$55

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 $5,324 every year, while hoping to spend $42,407 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: 44/50/6 Blend
55$2,690,000$2,690,000$2,690,000$2,690,000
56$2,969,872$2,827,302$2,785,607$3,095,295
57$3,227,678$2,920,719$2,833,804$3,275,899
58$3,510,359$3,017,292$2,882,194$3,466,720
59$3,820,408$3,117,131$2,930,740$3,672,537
60$4,160,569$3,220,350$2,979,399$3,894,738
61$4,533,867$3,327,067$3,028,129$4,134,849
62$4,943,632$3,437,404$3,076,882$4,394,546
63$5,393,533$3,551,488$3,125,608$4,675,671
64$5,887,613$3,669,450$3,174,255$4,980,250
65$6,430,322$3,791,426$3,222,766$5,310,510
66$7,026,567$3,917,558$3,271,080$5,668,898
67$7,681,749$4,047,991$3,319,134$6,058,109
68$8,401,822$4,182,877$3,366,859$6,481,104
69$9,193,343$4,322,373$3,414,185$6,941,140
70$10,063,537$4,466,642$3,461,033$7,441,801
71$11,020,364$4,615,854$3,507,324$7,987,031
72$12,072,593$4,770,183$3,552,971$8,581,169
73$13,229,887$4,929,811$3,597,884$9,228,989
74$14,502,889$5,094,926$3,641,968$9,935,745
75$15,903,330$5,265,723$3,685,120$10,707,222
76$17,444,132$5,442,406$3,727,234$11,549,785
77$19,139,534$5,625,184$3,768,197$12,470,442
78$21,005,224$5,814,276$3,807,888$13,476,906
79$23,058,488$6,009,907$3,846,184$14,577,671
80$25,318,374$6,212,311$3,882,951$15,782,086
81$27,805,866$6,421,733$3,918,048$17,100,447
82$30,544,092$6,638,425$3,951,330$18,544,089
83$33,558,530$6,862,649$3,982,640$20,125,497
84$36,877,257$7,094,676$4,011,816$21,858,417
85$40,531,211$7,334,789$4,038,685$23,757,986
86$44,554,481$7,583,280$4,063,068$25,840,876
87$48,984,631$7,840,454$4,084,774$28,125,450
88$53,863,053$8,106,625$4,103,603$30,631,931
89$59,235,356$8,382,121$4,119,345$33,382,593
90$65,151,800$8,667,283$4,131,781$36,401,970
91$71,667,765$8,962,462$4,140,677$39,717,087
92$78,844,280$9,268,024$4,145,792$43,357,711
93$86,748,590$9,584,352$4,146,870$47,356,634
94$95,454,799$9,911,838$4,143,643$51,749,977
95$105,044,564$10,250,893$4,135,831$56,577,532
96$115,607,866$10,601,944$4,123,138$61,883,135
97$127,243,861$10,965,432$4,105,256$67,715,077
98$140,061,814$11,341,816$4,081,860$74,126,559
99$154,182,128$11,731,574$4,052,612$81,176,193
100$169,737,485$12,135,202$4,017,155$88,928,553