Can I retire at age 56 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$230,396$228,343$226,341$224,387$222,479$214,670
2 years$114,057$111,933$109,874$107,878$105,942$98,157
3 years$75,283$73,149$71,096$69,119$67,214$59,697
4 years$55,899$53,773$51,740$49,796$47,938$40,747
5 years$44,272$42,158$40,152$38,248$36,441$29,595
6 years$36,524$34,425$32,449$30,587$28,835$22,338
7 years$30,991$28,910$26,965$25,148$23,450$17,302
8 years$26,843$24,782$22,869$21,096$19,454$13,650
9 years$23,619$21,577$19,697$17,969$16,383$10,915
10 years$21,041$19,019$17,172$15,489$13,960$8,817
11 years$18,933$16,931$15,118$13,480$12,006$7,180
12 years$17,178$15,197$13,417$11,824$10,404$5,883
13 years$15,694$13,733$11,987$10,439$9,072$4,844
14 years$14,423$12,483$10,770$9,266$7,953$4,005
15 years$13,323$11,404$9,724$8,264$7,002$3,322
16 years$12,361$10,463$8,816$7,400$6,189$2,763
17 years$11,513$9,636$8,023$6,648$5,487$2,302
18 years$10,760$8,904$7,324$5,992$4,879$1,922
19 years$10,087$8,252$6,704$5,414$4,349$1,607
20 years$9,482$7,668$6,153$4,903$3,884$1,346
21 years$8,936$7,143$5,660$4,450$3,476$1,128
22 years$8,440$6,667$5,216$4,046$3,116$946
23 years$7,987$6,236$4,816$3,685$2,797$794
24 years$7,573$5,843$4,454$3,361$2,514$667
25 years$7,193$5,483$4,125$3,069$2,262$560
26 years$6,843$5,153$3,826$2,806$2,038$471
27 years$6,519$4,850$3,553$2,569$1,837$396
28 years$6,218$4,570$3,303$2,354$1,658$333
29 years$5,939$4,311$3,074$2,158$1,497$280
30 years$5,679$4,071$2,863$1,981$1,353$236
31 years$5,436$3,849$2,669$1,819$1,223$199
32 years$5,209$3,642$2,490$1,672$1,106$167
33 years$4,996$3,449$2,325$1,537$1,001$141
34 years$4,797$3,269$2,173$1,415$906$118
35 years$4,608$3,100$2,031$1,302$821$100
36 years$4,431$2,943$1,900$1,199$744$84
37 years$4,264$2,795$1,778$1,105$674$71
38 years$4,106$2,656$1,665$1,018$611$60
39 years$3,956$2,526$1,560$939$554$50
40 years$3,814$2,403$1,463$866$503$42
41 years$3,680$2,287$1,371$799$456$36
42 years$3,552$2,178$1,286$738$414$30
43 years$3,431$2,076$1,207$681$376$25
44 years$3,315$1,978$1,133$629$341$21
45 years$3,205$1,887$1,064$581$309$18
46 years$3,100$1,800$999$536$281$15
47 years$2,999$1,718$939$495$255$13
48 years$2,903$1,640$882$458$232$11
49 years$2,812$1,566$829$423$210$9
50 years$2,724$1,496$780$391$191$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,790,000, adding $4,639 every year, while hoping to spend $20,471 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: 35/46/19 Blend
55$2,790,000$2,790,000$2,790,000$2,790,000
56$3,079,365$2,931,495$2,888,250$3,169,117
57$3,371,679$3,053,357$2,963,226$3,357,105
58$3,693,124$3,180,505$3,040,026$3,557,565
59$4,046,647$3,313,175$3,118,693$3,773,431
60$4,435,501$3,451,616$3,199,264$4,006,083
61$4,863,264$3,596,087$3,281,782$4,257,037
62$5,333,882$3,746,861$3,366,287$4,527,953
63$5,851,703$3,904,221$3,452,822$4,820,653
64$6,421,514$4,068,466$3,541,429$5,137,136
65$7,048,594$4,239,906$3,632,152$5,479,598
66$7,738,757$4,418,867$3,725,035$5,850,446
67$8,498,409$4,605,691$3,820,123$6,252,324
68$9,334,610$4,800,733$3,917,461$6,688,136
69$10,255,139$5,004,368$4,017,094$7,161,073
70$11,268,566$5,216,985$4,119,070$7,674,637
71$12,384,336$5,438,993$4,223,435$8,232,677
72$13,612,855$5,670,821$4,330,237$8,839,424
73$14,965,591$5,912,916$4,439,524$9,499,525
74$16,455,179$6,165,746$4,551,346$10,218,091
75$18,095,542$6,429,803$4,665,751$11,000,737
76$19,902,024$6,705,600$4,782,790$11,853,640
77$21,891,529$6,993,673$4,902,513$12,783,588
78$24,082,689$7,294,587$5,024,971$13,798,050
79$26,496,031$7,608,929$5,150,215$14,905,238
80$29,154,176$7,937,317$5,278,297$16,114,183
81$32,082,052$8,280,395$5,409,270$17,434,823
82$35,307,127$8,638,841$5,543,187$18,878,088
83$38,859,670$9,013,360$5,680,099$20,456,006
84$42,773,036$9,404,694$5,820,062$22,181,808
85$47,083,980$9,813,618$5,963,128$24,070,057
86$51,833,005$10,240,944$6,109,352$26,136,777
87$57,064,744$10,687,523$6,258,788$28,399,604
88$62,828,381$11,154,245$6,411,490$30,877,948
89$69,178,114$11,642,041$6,567,514$33,593,175
90$76,173,669$12,151,889$6,726,913$36,568,803
91$83,880,861$12,684,809$6,889,743$39,830,720
92$92,372,218$13,241,874$7,056,058$43,407,428
93$101,727,662$13,824,203$7,225,913$47,330,304
94$112,035,265$14,432,971$7,399,363$51,633,896
95$123,392,082$15,069,407$7,576,462$56,356,242
96$135,905,066$15,734,798$7,757,265$61,539,225
97$149,692,073$16,430,495$7,941,824$67,228,965
98$164,882,984$17,157,908$8,130,194$73,476,248
99$181,620,920$17,918,517$8,322,427$80,337,000
100$200,063,601$18,713,872$8,518,576$87,872,813