Can I retire at age 56 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$235,350$233,254$231,209$229,212$227,263$224,516
2 years$116,510$114,340$112,237$110,198$108,220$105,456
3 years$76,902$74,723$72,625$70,605$68,660$65,964
4 years$57,102$54,929$52,852$50,867$48,969$46,362
5 years$45,225$43,065$41,016$39,071$37,225$34,715
6 years$37,309$35,166$33,147$31,245$29,455$27,045
7 years$31,657$29,532$27,545$25,688$23,955$21,645
8 years$27,421$25,315$23,360$21,549$19,873$17,664
9 years$24,127$22,041$20,120$18,355$16,736$14,626
10 years$21,494$19,428$17,541$15,822$14,260$12,248
11 years$19,341$17,296$15,443$13,770$12,264$10,349
12 years$17,548$15,524$13,705$12,078$10,628$8,807
13 years$16,032$14,029$12,245$10,663$9,267$7,538
14 years$14,733$12,752$11,002$9,466$8,124$6,484
15 years$13,609$11,649$9,933$8,442$7,153$5,600
16 years$12,627$10,688$9,006$7,559$6,322$4,853
17 years$11,760$9,843$8,195$6,791$5,605$4,218
18 years$10,991$9,095$7,481$6,120$4,984$3,675
19 years$10,304$8,429$6,849$5,530$4,442$3,208
20 years$9,686$7,833$6,285$5,009$3,968$2,806
21 years$9,128$7,296$5,781$4,546$3,551$2,458
22 years$8,621$6,811$5,328$4,133$3,183$2,157
23 years$8,159$6,370$4,920$3,764$2,857$1,894
24 years$7,736$5,968$4,550$3,433$2,568$1,665
25 years$7,348$5,601$4,214$3,135$2,311$1,465
26 years$6,990$5,264$3,908$2,867$2,082$1,290
27 years$6,659$4,954$3,629$2,624$1,877$1,137
28 years$6,352$4,668$3,374$2,404$1,693$1,003
29 years$6,067$4,404$3,140$2,205$1,529$885
30 years$5,801$4,159$2,925$2,023$1,382$781
31 years$5,553$3,932$2,726$1,858$1,249$690
32 years$5,321$3,720$2,544$1,708$1,130$609
33 years$5,104$3,523$2,375$1,570$1,023$538
34 years$4,900$3,339$2,219$1,445$926$476
35 years$4,708$3,167$2,075$1,330$839$421
36 years$4,526$3,006$1,941$1,225$760$372
37 years$4,356$2,855$1,817$1,129$689$329
38 years$4,194$2,713$1,701$1,040$624$291
39 years$4,041$2,580$1,594$959$566$257
40 years$3,896$2,455$1,494$885$513$228
41 years$3,759$2,337$1,401$816$466$202
42 years$3,628$2,225$1,314$753$423$178
43 years$3,504$2,120$1,233$695$384$158
44 years$3,386$2,021$1,157$642$348$140
45 years$3,274$1,927$1,087$593$316$124
46 years$3,166$1,839$1,021$548$287$110
47 years$3,064$1,755$959$506$261$97
48 years$2,966$1,675$901$468$237$86
49 years$2,872$1,599$847$432$215$76
50 years$2,783$1,528$796$399$195$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,850,000, adding $4,947 every year, while hoping to spend $49,774 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: 45/30/25 Blend
55$2,850,000$2,850,000$2,850,000$2,850,000
56$3,145,803$2,994,753$2,950,578$3,264,456
57$3,413,716$3,088,537$2,996,463$3,442,688
58$3,707,287$3,185,247$3,042,217$3,630,642
59$4,029,082$3,284,976$3,087,783$3,833,497
60$4,381,926$3,387,817$3,133,101$4,052,667
61$4,768,928$3,493,866$3,178,106$4,289,710
62$5,193,516$3,603,223$3,222,730$4,546,338
63$5,659,464$3,715,991$3,266,901$4,824,436
64$6,170,930$3,832,274$3,310,542$5,126,081
65$6,732,492$3,952,183$3,353,573$5,453,556
66$7,349,195$4,075,829$3,395,907$5,809,376
67$8,026,597$4,203,329$3,437,453$6,196,310
68$8,770,820$4,334,801$3,478,117$6,617,408
69$9,588,606$4,470,369$3,517,797$7,076,026
70$10,487,386$4,610,160$3,556,386$7,575,860
71$11,475,345$4,754,303$3,593,770$8,120,982
72$12,561,501$4,902,935$3,629,832$8,715,876
73$13,755,788$5,056,193$3,664,446$9,365,480
74$15,069,153$5,214,220$3,697,479$10,075,233
75$16,513,654$5,377,165$3,728,792$10,851,125
76$18,102,579$5,545,178$3,758,239$11,699,756
77$19,850,567$5,718,417$3,785,665$12,628,395
78$21,773,748$5,897,042$3,810,908$13,645,050
79$23,889,894$6,081,221$3,833,797$14,758,543
80$26,218,586$6,271,124$3,854,152$15,978,591
81$28,781,400$6,466,927$3,871,784$17,315,900
82$31,602,110$6,668,814$3,886,496$18,782,267
83$34,706,910$6,876,970$3,898,078$20,390,687
84$38,124,663$7,091,590$3,906,312$22,155,476
85$41,887,173$7,312,872$3,910,968$24,092,411
86$46,029,483$7,541,021$3,911,804$26,218,872
87$50,590,208$7,776,249$3,908,567$28,554,008
88$55,611,897$8,018,774$3,900,992$31,118,921
89$61,141,436$8,268,819$3,888,800$33,936,859
90$67,230,487$8,526,615$3,871,699$37,033,440
91$73,935,978$8,792,401$3,849,383$40,436,890
92$81,320,642$9,066,422$3,821,531$44,178,313
93$89,453,601$9,348,931$3,787,807$48,291,980
94$98,411,028$9,640,188$3,747,857$52,815,656
95$108,276,856$9,940,461$3,701,314$57,790,953
96$119,143,578$10,250,026$3,647,791$63,263,726
97$131,113,114$10,569,168$3,586,882$69,284,501
98$144,297,774$10,898,180$3,518,166$75,908,957
99$158,821,320$11,237,364$3,441,197$83,198,449
100$174,820,131$11,587,031$3,355,514$91,220,584