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

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$222,963$220,977$219,040$217,149$215,302$208,077
2 years$110,378$108,322$106,330$104,398$102,525$95,317
3 years$72,854$70,790$68,803$66,889$65,046$58,082
4 years$54,096$52,038$50,071$48,190$46,391$39,724
5 years$42,844$40,798$38,857$37,014$35,266$28,913
6 years$35,345$33,315$31,402$29,601$27,905$21,871
7 years$29,991$27,978$26,095$24,336$22,694$16,979
8 years$25,977$23,982$22,131$20,415$18,827$13,427
9 years$22,857$20,881$19,061$17,389$15,855$10,763
10 years$20,362$18,405$16,618$14,990$13,509$8,717
11 years$18,323$16,385$14,630$13,045$11,618$7,116
12 years$16,624$14,707$12,984$11,443$10,068$5,846
13 years$15,188$13,290$11,600$10,102$8,780$4,827
14 years$13,958$12,081$10,423$8,968$7,696$4,002
15 years$12,893$11,036$9,411$7,997$6,776$3,329
16 years$11,962$10,125$8,532$7,161$5,989$2,776
17 years$11,141$9,325$7,764$6,434$5,310$2,321
18 years$10,413$8,617$7,087$5,798$4,722$1,943
19 years$9,762$7,986$6,488$5,239$4,208$1,630
20 years$9,176$7,421$5,954$4,745$3,759$1,369
21 years$8,648$6,912$5,477$4,307$3,364$1,151
22 years$8,167$6,452$5,048$3,916$3,015$968
23 years$7,730$6,035$4,661$3,566$2,707$815
24 years$7,329$5,654$4,310$3,252$2,433$687
25 years$6,961$5,306$3,992$2,970$2,189$579
26 years$6,622$4,987$3,703$2,716$1,972$488
27 years$6,308$4,693$3,438$2,486$1,778$412
28 years$6,018$4,422$3,196$2,278$1,604$348
29 years$5,748$4,172$2,974$2,089$1,449$293
30 years$5,496$3,940$2,771$1,917$1,309$248
31 years$5,261$3,725$2,583$1,760$1,183$209
32 years$5,041$3,524$2,410$1,618$1,070$177
33 years$4,835$3,338$2,250$1,488$969$149
34 years$4,642$3,163$2,102$1,369$877$126
35 years$4,460$3,000$1,966$1,260$794$107
36 years$4,288$2,848$1,839$1,161$720$90
37 years$4,126$2,705$1,721$1,069$652$76
38 years$3,973$2,570$1,612$986$591$64
39 years$3,829$2,444$1,510$909$536$54
40 years$3,691$2,325$1,415$838$486$46
41 years$3,561$2,214$1,327$773$441$39
42 years$3,437$2,108$1,245$714$400$33
43 years$3,320$2,009$1,168$659$363$28
44 years$3,208$1,915$1,097$608$330$23
45 years$3,101$1,826$1,030$562$299$20
46 years$3,000$1,742$967$519$272$17
47 years$2,903$1,662$909$479$247$14
48 years$2,810$1,587$854$443$224$12
49 years$2,721$1,515$802$409$204$10
50 years$2,636$1,447$754$378$185$9

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 $2,342 every year, while hoping to spend $39,047 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: 78/6/16 Blend
55$2,700,000$2,700,000$2,700,000$2,700,000
56$2,977,816$2,834,716$2,792,866$3,199,644
57$3,240,007$2,932,071$2,844,881$3,443,605
58$3,527,634$3,032,888$2,897,330$3,705,970
59$3,843,248$3,137,295$2,950,186$3,992,690
60$4,189,662$3,245,426$3,003,421$4,306,185
61$4,569,975$3,357,419$3,057,003$4,649,122
62$4,987,598$3,473,418$3,110,898$5,024,437
63$5,446,290$3,593,573$3,165,070$5,435,365
64$5,950,193$3,718,039$3,219,480$5,885,469
65$6,503,867$3,846,977$3,274,088$6,378,674
66$7,112,339$3,980,557$3,328,848$6,919,302
67$7,781,145$4,118,952$3,383,711$7,512,116
68$8,516,385$4,262,343$3,438,629$8,162,362
69$9,324,779$4,410,920$3,493,545$8,875,819
70$10,213,730$4,564,879$3,548,402$9,658,854
71$11,191,395$4,724,423$3,603,139$10,518,481
72$12,266,762$4,889,765$3,657,689$11,462,428
73$13,449,733$5,061,124$3,711,982$12,499,208
74$14,751,217$5,238,730$3,765,945$13,638,202
75$16,183,235$5,422,822$3,819,498$14,889,745
76$17,759,031$5,613,647$3,872,558$16,265,222
77$19,493,201$5,811,464$3,925,037$17,777,180
78$21,401,821$6,016,540$3,976,840$19,439,442
79$23,502,611$6,229,155$4,027,868$21,267,238
80$25,815,093$6,449,598$4,078,017$23,277,349
81$28,360,777$6,678,173$4,127,175$25,488,267
82$31,163,365$6,915,193$4,175,225$27,920,366
83$34,248,977$7,160,985$4,222,043$30,596,095
84$37,646,389$7,415,890$4,267,498$33,540,193
85$41,387,314$7,680,262$4,311,452$36,779,916
86$45,506,695$7,954,470$4,353,760$40,345,299
87$50,043,035$8,238,896$4,394,269$44,269,439
88$55,038,764$8,533,942$4,432,816$48,588,804
89$60,540,634$8,840,021$4,469,232$53,343,579
90$66,600,165$9,157,568$4,503,337$58,578,045
91$73,274,126$9,487,033$4,534,943$64,340,998
92$80,625,074$9,828,885$4,563,851$70,686,205
93$88,721,944$10,183,613$4,589,853$77,672,918
94$97,640,698$10,551,726$4,612,729$85,366,425
95$107,465,042$10,933,753$4,632,248$93,838,673
96$118,287,217$11,330,247$4,648,168$103,168,942
97$130,208,866$11,741,783$4,660,235$113,444,598
98$143,341,999$12,168,959$4,668,182$124,761,912
99$157,810,044$12,612,399$4,671,727$137,226,971
100$173,749,015$13,072,753$4,670,576$150,956,681