Can I retire at age 56 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$232,047$229,980$227,964$225,995$224,073$217,774
2 years$114,875$112,735$110,662$108,652$106,702$100,403
3 years$75,822$73,674$71,606$69,614$67,696$61,595
4 years$56,300$54,158$52,111$50,153$48,281$42,426
5 years$44,590$42,461$40,440$38,522$36,703$31,108
6 years$36,785$34,672$32,681$30,807$29,042$23,713
7 years$31,213$29,118$27,158$25,328$23,619$18,557
8 years$27,036$24,959$23,033$21,247$19,594$14,795
9 years$23,788$21,732$19,838$18,098$16,501$11,961
10 years$21,192$19,155$17,295$15,600$14,060$9,773
11 years$19,069$17,053$15,226$13,577$12,092$8,051
12 years$17,301$15,306$13,513$11,909$10,478$6,676
13 years$15,807$13,832$12,073$10,514$9,137$5,565
14 years$14,527$12,573$10,848$9,333$8,010$4,659
15 years$13,418$11,485$9,794$8,323$7,052$3,913
16 years$12,449$10,538$8,880$7,453$6,233$3,297
17 years$11,595$9,705$8,080$6,696$5,527$2,784
18 years$10,837$8,968$7,376$6,035$4,914$2,356
19 years$10,159$8,311$6,752$5,453$4,380$1,997
20 years$9,550$7,723$6,197$4,938$3,912$1,695
21 years$9,000$7,194$5,700$4,482$3,501$1,440
22 years$8,500$6,715$5,254$4,075$3,138$1,225
23 years$8,045$6,281$4,851$3,711$2,817$1,043
24 years$7,628$5,884$4,486$3,385$2,532$889
25 years$7,245$5,522$4,155$3,091$2,278$757
26 years$6,892$5,190$3,854$2,827$2,052$646
27 years$6,565$4,884$3,578$2,587$1,850$551
28 years$6,263$4,603$3,327$2,370$1,670$471
29 years$5,982$4,342$3,096$2,174$1,508$402
30 years$5,720$4,101$2,883$1,995$1,362$343
31 years$5,475$3,876$2,688$1,832$1,232$293
32 years$5,247$3,668$2,508$1,684$1,114$250
33 years$5,032$3,474$2,342$1,548$1,008$214
34 years$4,831$3,292$2,188$1,425$913$183
35 years$4,641$3,123$2,046$1,312$827$156
36 years$4,463$2,964$1,914$1,208$749$134
37 years$4,294$2,815$1,791$1,113$679$114
38 years$4,135$2,675$1,677$1,026$616$98
39 years$3,985$2,544$1,572$946$558$84
40 years$3,842$2,420$1,473$872$506$71
41 years$3,706$2,304$1,381$805$459$61
42 years$3,578$2,194$1,296$743$417$52
43 years$3,455$2,090$1,216$686$378$45
44 years$3,339$1,993$1,141$633$343$38
45 years$3,228$1,900$1,072$585$312$33
46 years$3,122$1,813$1,006$540$283$28
47 years$3,021$1,730$946$499$257$24
48 years$2,924$1,651$889$461$233$20
49 years$2,832$1,577$835$426$212$18
50 years$2,744$1,506$785$394$193$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,810,000, adding $3,075 every year, while hoping to spend $35,453 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: 63/11/26 Blend
55$2,810,000$2,810,000$2,810,000$2,810,000
56$3,099,792$2,950,862$2,907,307$3,273,535
57$3,378,249$3,057,732$2,966,980$3,498,428
58$3,683,920$3,168,651$3,027,464$3,739,788
59$4,019,545$3,283,780$3,088,748$4,002,647
60$4,388,138$3,403,285$3,150,821$4,289,115
61$4,793,024$3,527,342$3,213,670$4,601,517
62$5,237,864$3,656,132$3,277,279$4,942,410
63$5,726,689$3,789,846$3,341,631$5,314,612
64$6,263,943$3,928,681$3,406,708$5,721,225
65$6,854,521$4,072,842$3,472,488$6,165,666
66$7,503,815$4,222,544$3,538,949$6,651,697
67$8,217,767$4,378,011$3,606,066$7,183,462
68$9,002,921$4,539,475$3,673,811$7,765,525
69$9,866,489$4,707,180$3,742,154$8,402,913
70$10,816,417$4,881,378$3,811,063$9,101,162
71$11,861,460$5,062,333$3,880,501$9,866,372
72$13,011,263$5,250,322$3,950,432$10,705,261
73$14,276,453$5,445,629$4,020,813$11,625,229
74$15,668,741$5,648,555$4,091,600$12,634,429
75$17,201,030$5,859,411$4,162,746$13,741,842
76$18,887,535$6,078,523$4,234,198$14,957,361
77$20,743,922$6,306,228$4,305,902$16,291,886
78$22,787,451$6,542,883$4,377,799$17,757,427
79$25,037,141$6,788,854$4,449,825$19,367,212
80$27,513,948$7,044,526$4,521,913$21,135,817
81$30,240,965$7,310,302$4,593,991$23,079,302
82$33,243,636$7,586,600$4,665,983$25,215,359
83$36,550,000$7,873,856$4,737,806$27,563,483
84$40,190,951$8,172,526$4,809,373$30,145,153
85$44,200,534$8,483,086$4,880,594$32,984,035
86$48,616,263$8,806,032$4,951,368$36,106,203
87$53,479,476$9,141,881$5,021,592$39,540,389
88$58,835,723$9,491,174$5,091,157$43,318,251
89$64,735,200$9,854,475$5,159,943$47,474,670
90$71,233,218$10,232,371$5,227,829$52,048,082
91$78,390,726$10,625,478$5,294,682$57,080,838
92$86,274,890$11,034,436$5,360,364$62,619,604
93$94,959,721$11,459,915$5,424,727$68,715,802
94$104,526,775$11,902,614$5,487,618$75,426,092
95$115,065,925$12,363,261$5,548,873$82,812,909
96$126,676,208$12,842,619$5,608,318$90,945,053
97$139,466,756$13,341,482$5,665,772$99,898,333
98$153,557,832$13,860,682$5,721,042$109,756,288
99$169,081,960$14,401,084$5,773,926$120,610,968
100$186,185,177$14,963,595$5,824,210$132,563,810