Can I retire at age 56 with 2,750,000?

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 $2,750,000?

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$227,092$225,070$223,096$221,170$219,289$216,280
2 years$112,422$110,328$108,299$106,332$104,423$101,397
3 years$74,204$72,101$70,077$68,128$66,250$63,301
4 years$55,098$53,002$50,998$49,082$47,250$44,401
5 years$43,638$41,554$39,576$37,700$35,919$33,177
6 years$36,000$33,932$31,984$30,149$28,421$25,791
7 years$30,547$28,496$26,579$24,787$23,114$20,595
8 years$26,458$24,426$22,541$20,793$19,175$16,768
9 years$23,280$21,268$19,414$17,711$16,149$13,852
10 years$20,740$18,746$16,926$15,267$13,759$11,572
11 years$18,662$16,689$14,901$13,287$11,834$9,753
12 years$16,932$14,979$13,224$11,655$10,255$8,279
13 years$15,469$13,537$11,815$10,289$8,942$7,068
14 years$14,216$12,304$10,616$9,134$7,839$6,063
15 years$13,132$11,240$9,585$8,146$6,902$5,222
16 years$12,184$10,313$8,690$7,293$6,100$4,513
17 years$11,348$9,498$7,908$6,553$5,409$3,911
18 years$10,606$8,776$7,219$5,906$4,809$3,398
19 years$9,943$8,134$6,608$5,336$4,286$2,958
20 years$9,346$7,558$6,065$4,833$3,829$2,580
21 years$8,808$7,040$5,578$4,386$3,426$2,253
22 years$8,319$6,572$5,141$3,988$3,071$1,971
23 years$7,873$6,146$4,747$3,632$2,757$1,725
24 years$7,465$5,759$4,390$3,313$2,478$1,512
25 years$7,090$5,404$4,066$3,025$2,230$1,326
26 years$6,744$5,079$3,771$2,766$2,008$1,164
27 years$6,425$4,780$3,502$2,532$1,811$1,023
28 years$6,129$4,504$3,256$2,320$1,634$899
29 years$5,854$4,249$3,030$2,127$1,475$791
30 years$5,598$4,013$2,822$1,952$1,333$696
31 years$5,359$3,794$2,631$1,793$1,205$612
32 years$5,135$3,590$2,455$1,648$1,090$539
33 years$4,925$3,399$2,292$1,515$987$475
34 years$4,728$3,222$2,141$1,394$893$418
35 years$4,542$3,056$2,002$1,284$809$368
36 years$4,368$2,900$1,873$1,182$733$325
37 years$4,203$2,755$1,753$1,089$664$286
38 years$4,047$2,618$1,642$1,004$602$252
39 years$3,899$2,489$1,538$926$546$222
40 years$3,760$2,369$1,442$854$495$196
41 years$3,627$2,255$1,352$788$449$173
42 years$3,501$2,147$1,268$727$408$153
43 years$3,381$2,046$1,190$671$370$135
44 years$3,267$1,950$1,117$620$336$119
45 years$3,159$1,860$1,049$572$305$105
46 years$3,055$1,774$985$529$277$92
47 years$2,956$1,693$925$488$251$82
48 years$2,862$1,616$870$451$228$72
49 years$2,771$1,543$817$417$207$63
50 years$2,685$1,474$768$385$188$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,750,000, adding $2,737 every year, while hoping to spend $55,564 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: 54/21/25 Blend
55$2,750,000$2,750,000$2,750,000$2,750,000
56$3,033,323$2,887,573$2,844,948$3,176,029
57$3,283,603$2,969,945$2,881,134$3,357,028
58$3,557,548$3,054,490$2,916,670$3,547,991
59$3,857,515$3,141,257$2,951,476$3,754,744
60$4,186,097$3,230,294$2,985,466$3,978,819
61$4,546,151$3,321,651$3,018,551$4,221,904
62$4,940,822$3,415,375$3,050,636$4,485,857
63$5,373,575$3,511,518$3,081,621$4,772,725
64$5,848,225$3,610,128$3,111,402$5,084,762
65$6,368,976$3,711,256$3,139,865$5,424,453
66$6,940,457$3,814,953$3,166,896$5,794,534
67$7,567,767$3,921,269$3,192,371$6,198,017
68$8,256,524$4,030,255$3,216,159$6,638,224
69$9,012,914$4,141,962$3,238,125$7,118,814
70$9,843,753$4,256,441$3,258,125$7,643,815
71$10,756,552$4,373,742$3,276,008$8,217,669
72$11,759,581$4,493,916$3,291,615$8,845,270
73$12,861,954$4,617,014$3,304,779$9,532,007
74$14,073,710$4,743,084$3,315,326$10,283,821
75$15,405,909$4,872,177$3,323,071$11,107,258
76$16,870,739$5,004,340$3,327,821$12,009,531
77$18,481,624$5,139,623$3,329,373$12,998,586
78$20,253,357$5,278,072$3,327,514$14,083,183
79$22,202,235$5,419,732$3,322,021$15,272,971
80$24,346,214$5,564,650$3,312,659$16,578,587
81$26,705,078$5,712,868$3,299,184$18,011,750
82$29,300,626$5,864,429$3,281,337$19,585,374
83$32,156,877$6,019,373$3,258,848$21,313,691
84$35,300,294$6,177,737$3,231,435$23,212,387
85$38,760,037$6,339,560$3,198,801$25,298,744
86$42,568,236$6,504,873$3,160,636$27,591,811
87$46,760,293$6,673,710$3,116,615$30,112,577
88$51,375,219$6,846,097$3,066,397$32,884,175
89$56,455,996$7,022,060$3,009,626$35,932,098
90$62,049,988$7,201,622$2,945,930$39,284,439
91$68,209,385$7,384,800$2,874,917$42,972,160
92$74,991,695$7,571,608$2,796,179$47,029,379
93$82,460,287$7,762,056$2,709,290$51,493,699
94$90,684,988$7,956,148$2,613,803$56,406,558
95$99,742,741$8,153,883$2,509,249$61,813,624
96$109,718,333$8,355,256$2,395,142$67,765,224
97$120,705,193$8,560,254$2,270,969$74,316,821
98$132,806,274$8,768,858$2,136,198$81,529,539
99$146,135,024$8,981,042$1,990,271$89,470,739
100$160,816,456$9,196,772$1,832,604$98,214,656