Can I retire at age 56 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$225,441$223,433$221,474$219,561$217,694$214,088
2 years$111,604$109,526$107,511$105,558$103,664$100,041
3 years$73,664$71,576$69,567$67,632$65,769$62,242
4 years$54,697$52,616$50,627$48,725$46,907$43,504
5 years$43,320$41,252$39,289$37,426$35,658$32,388
6 years$35,738$33,685$31,751$29,930$28,215$25,082
7 years$30,324$28,289$26,385$24,607$22,946$19,951
8 years$26,266$24,249$22,377$20,642$19,036$16,179
9 years$23,111$21,113$19,273$17,582$16,031$13,309
10 years$20,589$18,610$16,803$15,156$13,659$11,071
11 years$18,526$16,567$14,793$13,190$11,747$9,290
12 years$16,809$14,870$13,128$11,570$10,180$7,850
13 years$15,357$13,438$11,729$10,214$8,877$6,672
14 years$14,113$12,215$10,539$9,067$7,782$5,697
15 years$13,036$11,158$9,515$8,086$6,852$4,883
16 years$12,095$10,238$8,627$7,240$6,056$4,199
17 years$11,265$9,429$7,850$6,505$5,369$3,621
18 years$10,529$8,712$7,166$5,863$4,774$3,130
19 years$9,870$8,075$6,560$5,297$4,255$2,711
20 years$9,278$7,503$6,021$4,798$3,801$2,352
21 years$8,744$6,989$5,538$4,354$3,401$2,043
22 years$8,258$6,524$5,104$3,959$3,049$1,778
23 years$7,816$6,102$4,713$3,606$2,737$1,548
24 years$7,410$5,717$4,358$3,289$2,460$1,349
25 years$7,038$5,365$4,037$3,003$2,214$1,177
26 years$6,695$5,042$3,744$2,746$1,994$1,028
27 years$6,378$4,745$3,477$2,514$1,798$898
28 years$6,085$4,472$3,232$2,303$1,622$785
29 years$5,811$4,218$3,008$2,112$1,465$686
30 years$5,557$3,984$2,801$1,938$1,323$600
31 years$5,320$3,766$2,612$1,780$1,196$525
32 years$5,097$3,563$2,437$1,636$1,082$460
33 years$4,889$3,375$2,275$1,504$979$402
34 years$4,693$3,198$2,126$1,384$887$352
35 years$4,509$3,034$1,987$1,274$803$309
36 years$4,336$2,879$1,859$1,173$728$270
37 years$4,172$2,735$1,740$1,081$660$237
38 years$4,017$2,599$1,630$997$598$208
39 years$3,871$2,471$1,527$919$542$182
40 years$3,732$2,351$1,431$848$492$160
41 years$3,601$2,238$1,342$782$446$140
42 years$3,476$2,132$1,259$722$405$123
43 years$3,357$2,031$1,181$666$367$107
44 years$3,244$1,936$1,109$615$334$94
45 years$3,136$1,846$1,041$568$303$83
46 years$3,033$1,761$978$525$275$72
47 years$2,935$1,681$919$485$250$64
48 years$2,841$1,604$863$448$227$56
49 years$2,751$1,532$811$414$206$49
50 years$2,665$1,464$763$383$187$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,730,000, adding $3,727 every year, while hoping to spend $37,308 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: 44/40/16 Blend
55$2,730,000$2,730,000$2,730,000$2,730,000
56$3,012,304$2,867,614$2,825,299$3,130,780
57$3,279,864$2,968,432$2,880,252$3,314,945
58$3,573,464$3,072,939$2,935,794$3,510,429
59$3,895,722$3,181,278$2,991,908$3,721,513
60$4,249,520$3,293,594$3,048,570$3,949,654
61$4,638,032$3,410,042$3,105,759$4,196,450
62$5,064,758$3,530,780$3,163,448$4,463,660
63$5,533,549$3,655,974$3,221,610$4,753,219
64$6,048,651$3,785,797$3,280,213$5,067,251
65$6,614,739$3,920,427$3,339,227$5,408,094
66$7,236,966$4,060,052$3,398,614$5,778,318
67$7,921,007$4,204,865$3,458,339$6,180,751
68$8,673,116$4,355,069$3,518,359$6,618,503
69$9,500,180$4,510,874$3,578,630$7,094,995
70$10,409,791$4,672,500$3,639,107$7,613,992
71$11,410,311$4,840,173$3,699,738$8,179,637
72$12,510,954$5,014,133$3,760,471$8,796,488
73$13,721,871$5,194,625$3,821,246$9,469,561
74$15,054,248$5,381,908$3,882,004$10,204,378
75$16,520,409$5,576,249$3,942,679$11,007,017
76$18,133,934$5,777,928$4,003,201$11,884,167
77$19,909,783$5,987,234$4,063,497$12,843,194
78$21,864,444$6,204,472$4,123,487$13,892,205
79$24,016,082$6,429,956$4,183,089$15,040,128
80$26,384,714$6,664,015$4,242,213$16,296,791
81$28,992,394$6,906,991$4,300,767$17,673,016
82$31,863,425$7,159,241$4,358,650$19,180,721
83$35,024,587$7,421,136$4,415,757$20,833,029
84$38,505,386$7,693,063$4,471,976$22,644,392
85$42,338,338$7,975,426$4,527,190$24,630,725
86$46,559,272$8,268,645$4,581,273$26,809,557
87$51,207,667$8,573,157$4,634,095$29,200,194
88$56,327,027$8,889,421$4,685,516$31,823,898
89$61,965,292$9,217,911$4,735,389$34,704,089
90$68,175,287$9,559,123$4,783,560$37,866,565
91$75,015,221$9,913,575$4,829,864$41,339,741
92$82,549,240$10,281,807$4,874,131$45,154,916
93$90,848,026$10,664,379$4,916,178$49,346,570
94$99,989,470$11,061,878$4,955,814$53,952,685
95$110,059,401$11,474,915$4,992,840$59,015,102
96$121,152,402$11,904,128$5,027,042$64,579,913
97$133,372,698$12,350,182$5,058,199$70,697,899
98$146,835,140$12,813,768$5,086,076$77,425,001
99$161,666,293$13,295,611$5,110,427$84,822,849
100$178,005,622$13,796,463$5,130,994$92,959,344