Can I retire at age 56 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$227,918$225,888$223,907$221,974$220,086$213,726
2 years$112,831$110,729$108,693$106,718$104,803$98,446
3 years$74,473$72,363$70,331$68,375$66,491$60,337
4 years$55,298$53,194$51,183$49,261$47,422$41,517
5 years$43,796$41,705$39,720$37,837$36,050$30,410
6 years$36,131$34,055$32,100$30,258$28,525$23,155
7 years$30,658$28,600$26,675$24,877$23,198$18,099
8 years$26,555$24,515$22,623$20,869$19,245$14,414
9 years$23,365$21,345$19,485$17,776$16,207$11,639
10 years$20,815$18,814$16,987$15,323$13,809$9,498
11 years$18,730$16,749$14,955$13,335$11,877$7,814
12 years$16,993$15,033$13,273$11,697$10,292$6,471
13 years$15,525$13,586$11,858$10,327$8,975$5,387
14 years$14,268$12,349$10,655$9,167$7,867$4,503
15 years$13,179$11,281$9,620$8,175$6,927$3,778
16 years$12,228$10,350$8,722$7,320$6,122$3,178
17 years$11,389$9,532$7,936$6,577$5,428$2,680
18 years$10,644$8,808$7,245$5,927$4,827$2,264
19 years$9,979$8,163$6,632$5,356$4,302$1,916
20 years$9,380$7,586$6,087$4,851$3,843$1,624
21 years$8,840$7,066$5,599$4,402$3,439$1,378
22 years$8,349$6,596$5,160$4,003$3,082$1,170
23 years$7,901$6,169$4,764$3,645$2,767$995
24 years$7,492$5,780$4,406$3,325$2,487$846
25 years$7,116$5,424$4,081$3,036$2,238$720
26 years$6,769$5,098$3,785$2,776$2,016$613
27 years$6,449$4,798$3,515$2,541$1,817$522
28 years$6,151$4,521$3,267$2,328$1,640$445
29 years$5,875$4,265$3,041$2,135$1,481$379
30 years$5,618$4,028$2,832$1,959$1,338$324
31 years$5,378$3,807$2,640$1,800$1,210$276
32 years$5,153$3,603$2,464$1,654$1,094$235
33 years$4,943$3,412$2,300$1,521$990$201
34 years$4,745$3,234$2,149$1,399$897$171
35 years$4,559$3,067$2,009$1,288$812$146
36 years$4,384$2,911$1,880$1,186$736$125
37 years$4,218$2,765$1,759$1,093$667$107
38 years$4,062$2,628$1,648$1,008$605$91
39 years$3,914$2,499$1,544$929$548$78
40 years$3,773$2,377$1,447$857$497$66
41 years$3,640$2,263$1,357$791$451$57
42 years$3,514$2,155$1,273$730$409$48
43 years$3,394$2,053$1,194$673$372$41
44 years$3,279$1,957$1,121$622$337$35
45 years$3,170$1,866$1,052$574$306$30
46 years$3,066$1,780$989$530$278$26
47 years$2,967$1,699$929$490$252$22
48 years$2,872$1,622$873$453$229$19
49 years$2,782$1,549$820$419$208$16
50 years$2,695$1,480$771$387$189$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,760,000, adding $4,171 every year, while hoping to spend $42,499 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: 77/15/8 Blend
55$2,760,000$2,760,000$2,760,000$2,760,000
56$3,045,822$2,899,542$2,856,762$3,276,561
57$3,311,278$2,996,401$2,907,245$3,525,611
58$3,602,385$3,096,582$2,957,995$3,792,713
59$3,921,716$3,200,202$3,008,976$4,084,328
60$4,272,103$3,307,384$3,060,149$4,402,876
61$4,656,667$3,418,255$3,111,472$4,751,021
62$5,078,843$3,532,946$3,162,903$5,131,696
63$5,542,418$3,651,594$3,214,394$5,548,132
64$6,051,562$3,774,339$3,265,893$6,003,885
65$6,610,869$3,901,329$3,317,348$6,502,872
66$7,225,400$4,032,717$3,368,702$7,049,408
67$7,900,730$4,168,659$3,419,892$7,648,242
68$8,643,001$4,309,320$3,470,855$8,304,608
69$9,458,981$4,454,870$3,521,522$9,024,268
70$10,356,124$4,605,485$3,571,820$9,813,570
71$11,342,643$4,761,349$3,621,671$10,679,507
72$12,427,589$4,922,652$3,670,993$11,629,781
73$13,620,931$5,089,589$3,719,700$12,672,875
74$14,933,655$5,262,368$3,767,698$13,818,136
75$16,377,863$5,441,199$3,814,891$15,075,859
76$17,966,891$5,626,304$3,861,176$16,457,386
77$19,715,432$5,817,911$3,906,443$17,975,213
78$21,639,675$6,016,258$3,950,579$19,643,104
79$23,757,460$6,221,592$3,993,461$21,476,226
80$26,088,441$6,434,170$4,034,962$23,491,286
81$28,654,274$6,654,257$4,074,946$25,706,692
82$31,478,825$6,882,130$4,113,271$28,142,726
83$34,588,386$7,118,076$4,149,787$30,821,733
84$38,011,933$7,362,393$4,184,336$33,768,332
85$41,781,390$7,615,391$4,216,751$37,009,648
86$45,931,938$7,877,391$4,246,859$40,575,570
87$50,502,341$8,148,728$4,274,473$44,499,027
88$55,535,313$8,429,748$4,299,401$48,816,304
89$61,077,922$8,720,814$4,321,439$53,567,381
90$67,182,035$9,022,299$4,340,372$58,796,310
91$73,904,804$9,334,592$4,355,975$64,551,628
92$81,309,206$9,658,100$4,368,013$70,886,821
93$89,464,640$9,993,242$4,376,236$77,860,821
94$98,447,578$10,340,455$4,380,385$85,538,566
95$108,342,288$10,700,195$4,380,185$93,991,609
96$119,241,630$11,072,933$4,375,350$103,298,797
97$131,247,931$11,459,161$4,365,578$113,547,011
98$144,473,949$11,859,389$4,350,554$124,831,987
99$159,043,941$12,274,148$4,329,947$137,259,216
100$175,094,832$12,703,990$4,303,409$150,944,945