Can I retire at age 56 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$222,963$220,977$219,040$217,149$215,302$213,587
2 years$110,378$108,322$106,330$104,398$102,525$100,796
3 years$72,854$70,790$68,803$66,889$65,046$63,357
4 years$54,096$52,038$50,071$48,190$46,391$44,755
5 years$42,844$40,798$38,857$37,014$35,266$33,688
6 years$35,345$33,315$31,402$29,601$27,905$26,386
7 years$29,991$27,978$26,095$24,336$22,694$21,236
8 years$25,977$23,982$22,131$20,415$18,827$17,429
9 years$22,857$20,881$19,061$17,389$15,855$14,517
10 years$20,362$18,405$16,618$14,990$13,509$12,230
11 years$18,323$16,385$14,630$13,045$11,618$10,397
12 years$16,624$14,707$12,984$11,443$10,068$8,904
13 years$15,188$13,290$11,600$10,102$8,780$7,672
14 years$13,958$12,081$10,423$8,968$7,696$6,643
15 years$12,893$11,036$9,411$7,997$6,776$5,776
16 years$11,962$10,125$8,532$7,161$5,989$5,040
17 years$11,141$9,325$7,764$6,434$5,310$4,411
18 years$10,413$8,617$7,087$5,798$4,722$3,870
19 years$9,762$7,986$6,488$5,239$4,208$3,404
20 years$9,176$7,421$5,954$4,745$3,759$2,999
21 years$8,648$6,912$5,477$4,307$3,364$2,647
22 years$8,167$6,452$5,048$3,916$3,015$2,339
23 years$7,730$6,035$4,661$3,566$2,707$2,070
24 years$7,329$5,654$4,310$3,252$2,433$1,834
25 years$6,961$5,306$3,992$2,970$2,189$1,627
26 years$6,622$4,987$3,703$2,716$1,972$1,444
27 years$6,308$4,693$3,438$2,486$1,778$1,283
28 years$6,018$4,422$3,196$2,278$1,604$1,140
29 years$5,748$4,172$2,974$2,089$1,449$1,014
30 years$5,496$3,940$2,771$1,917$1,309$902
31 years$5,261$3,725$2,583$1,760$1,183$803
32 years$5,041$3,524$2,410$1,618$1,070$716
33 years$4,835$3,338$2,250$1,488$969$638
34 years$4,642$3,163$2,102$1,369$877$568
35 years$4,460$3,000$1,966$1,260$794$507
36 years$4,288$2,848$1,839$1,161$720$452
37 years$4,126$2,705$1,721$1,069$652$403
38 years$3,973$2,570$1,612$986$591$359
39 years$3,829$2,444$1,510$909$536$321
40 years$3,691$2,325$1,415$838$486$286
41 years$3,561$2,214$1,327$773$441$256
42 years$3,437$2,108$1,245$714$400$228
43 years$3,320$2,009$1,168$659$363$204
44 years$3,208$1,915$1,097$608$330$182
45 years$3,101$1,826$1,030$562$299$162
46 years$3,000$1,742$967$519$272$145
47 years$2,903$1,662$909$479$247$130
48 years$2,810$1,587$854$443$224$116
49 years$2,721$1,515$802$409$204$103
50 years$2,636$1,447$754$378$185$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,700,000, adding $4,335 every year, while hoping to spend $46,208 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: 67/24/9 Blend
55$2,700,000$2,700,000$2,700,000$2,700,000
56$2,979,872$2,836,772$2,794,922$3,173,942
57$3,234,653$2,926,608$2,839,386$3,393,269
58$3,513,875$3,019,299$2,883,792$3,627,024
59$3,819,979$3,114,933$2,928,088$3,881,362
60$4,155,657$3,213,606$2,972,220$4,158,291
61$4,523,876$3,315,414$3,016,131$4,460,019
62$4,927,899$3,420,457$3,059,759$4,788,975
63$5,371,325$3,528,839$3,103,041$5,147,836
64$5,858,114$3,640,667$3,145,907$5,539,548
65$6,392,632$3,756,049$3,188,285$5,967,354
66$6,979,685$3,875,101$3,230,098$6,434,826
67$7,624,571$3,997,939$3,271,264$6,945,896
68$8,333,123$4,124,684$3,311,697$7,504,894
69$9,111,770$4,255,461$3,351,307$8,116,589
70$9,967,591$4,390,399$3,389,996$8,786,234
71$10,908,388$4,529,632$3,427,664$9,519,612
72$11,942,756$4,673,296$3,464,203$10,323,093
73$13,080,163$4,821,534$3,499,500$11,203,695
74$14,331,042$4,974,491$3,533,436$12,169,145
75$15,706,887$5,132,320$3,565,884$13,227,958
76$17,220,361$5,295,175$3,596,713$14,389,509
77$18,885,418$5,463,219$3,625,783$15,664,130
78$20,717,431$5,636,617$3,652,948$17,063,200
79$22,733,339$5,815,542$3,678,051$18,599,253
80$24,951,806$6,000,169$3,700,932$20,286,100
81$27,393,396$6,190,683$3,721,419$22,138,956
82$30,080,767$6,387,272$3,739,332$24,174,580
83$33,038,888$6,590,131$3,754,482$26,411,440
84$36,295,269$6,799,461$3,766,671$28,869,879
85$39,880,222$7,015,471$3,775,691$31,572,312
86$43,827,150$7,238,374$3,781,322$34,543,436
87$48,172,858$7,468,393$3,783,334$37,810,459
88$52,957,901$7,705,756$3,781,488$41,403,361
89$58,226,968$7,950,699$3,775,528$45,355,173
90$64,029,302$8,203,466$3,765,192$49,702,290
91$70,419,164$8,464,309$3,750,199$54,484,814
92$77,456,346$8,733,488$3,730,258$59,746,931
93$85,206,736$9,011,271$3,705,064$65,537,326
94$93,742,935$9,297,935$3,674,296$71,909,645
95$103,144,948$9,593,767$3,637,618$78,923,000
96$113,500,933$9,899,063$3,594,679$86,642,523
97$124,908,037$10,214,126$3,545,110$95,139,986
98$137,473,312$10,539,273$3,488,526$104,494,472
99$151,314,721$10,874,829$3,424,523$114,793,123
100$166,562,257$11,221,129$3,352,678$126,131,964