Can I retire at age 56 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$236,176$234,072$232,020$230,017$228,060$223,730
2 years$116,919$114,741$112,631$110,585$108,600$104,255
3 years$77,172$74,985$72,880$70,853$68,900$64,675
4 years$57,302$55,122$53,038$51,045$49,140$45,067
5 years$45,383$43,216$41,159$39,208$37,356$33,447
6 years$37,440$35,289$33,263$31,355$29,558$25,818
7 years$31,769$29,636$27,642$25,779$24,039$20,468
8 years$27,517$25,403$23,442$21,625$19,943$16,540
9 years$24,212$22,118$20,191$18,420$16,794$13,558
10 years$21,569$19,496$17,603$15,878$14,310$11,236
11 years$19,408$17,356$15,497$13,819$12,307$9,393
12 years$17,609$15,578$13,753$12,121$10,665$7,907
13 years$16,088$14,078$12,288$10,701$9,300$6,693
14 years$14,785$12,796$11,041$9,499$8,152$5,692
15 years$13,657$11,690$9,968$8,471$7,178$4,859
16 years$12,671$10,725$9,038$7,585$6,344$4,161
17 years$11,802$9,878$8,224$6,815$5,625$3,573
18 years$11,030$9,127$7,507$6,142$5,001$3,075
19 years$10,340$8,459$6,873$5,550$4,458$2,651
20 years$9,720$7,861$6,307$5,026$3,982$2,290
21 years$9,160$7,322$5,802$4,562$3,563$1,980
22 years$8,651$6,835$5,347$4,148$3,194$1,715
23 years$8,188$6,392$4,937$3,777$2,867$1,486
24 years$7,763$5,989$4,566$3,445$2,577$1,290
25 years$7,374$5,621$4,229$3,146$2,319$1,120
26 years$7,014$5,282$3,922$2,877$2,089$973
27 years$6,682$4,971$3,642$2,633$1,883$846
28 years$6,374$4,684$3,386$2,413$1,699$735
29 years$6,088$4,419$3,151$2,212$1,534$640
30 years$5,822$4,174$2,935$2,030$1,386$557
31 years$5,573$3,945$2,736$1,865$1,253$485
32 years$5,340$3,733$2,553$1,714$1,134$422
33 years$5,122$3,535$2,384$1,576$1,026$368
34 years$4,917$3,351$2,227$1,450$929$321
35 years$4,724$3,178$2,082$1,335$841$279
36 years$4,542$3,016$1,948$1,229$762$244
37 years$4,371$2,865$1,823$1,133$691$212
38 years$4,209$2,723$1,707$1,044$626$185
39 years$4,055$2,589$1,599$963$568$161
40 years$3,910$2,463$1,499$888$515$141
41 years$3,772$2,345$1,406$819$467$123
42 years$3,641$2,233$1,319$756$424$107
43 years$3,517$2,128$1,237$698$385$93
44 years$3,398$2,028$1,162$644$349$81
45 years$3,285$1,934$1,091$595$317$71
46 years$3,177$1,845$1,024$550$288$62
47 years$3,075$1,761$962$508$262$54
48 years$2,976$1,681$904$469$238$47
49 years$2,882$1,605$850$434$216$41
50 years$2,792$1,533$799$401$196$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,860,000, adding $3,847 every year, while hoping to spend $53,107 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: 56/20/24 Blend
55$2,860,000$2,860,000$2,860,000$2,860,000
56$3,155,688$3,004,108$2,959,778$3,311,546
57$3,421,063$3,094,804$3,002,425$3,509,453
58$3,711,726$3,188,164$3,044,721$3,719,039
59$4,030,201$3,284,263$3,086,598$3,946,262
60$4,379,266$3,383,176$3,127,984$4,192,837
61$4,761,982$3,484,983$3,168,803$4,460,649
62$5,181,721$3,589,764$3,208,974$4,751,776
63$5,642,194$3,697,600$3,248,412$5,068,506
64$6,147,492$3,808,577$3,287,028$5,413,357
65$6,702,119$3,922,779$3,324,726$5,789,104
66$7,311,036$4,040,297$3,361,406$6,198,803
67$7,979,710$4,161,220$3,396,961$6,645,821
68$8,714,162$4,285,640$3,431,280$7,133,863
69$9,521,024$4,413,654$3,464,246$7,667,016
70$10,407,603$4,545,358$3,495,733$8,249,777
71$11,381,950$4,680,852$3,525,611$8,887,103
72$12,452,932$4,820,238$3,553,743$9,584,454
73$13,630,321$4,963,619$3,579,982$10,347,847
74$14,924,879$5,111,102$3,604,178$11,183,907
75$16,348,467$5,262,796$3,626,168$12,099,938
76$17,914,150$5,418,812$3,645,784$13,103,983
77$19,636,325$5,579,265$3,662,849$14,204,907
78$21,530,851$5,744,270$3,677,175$15,412,477
79$23,615,205$5,913,947$3,688,568$16,737,454
80$25,908,642$6,088,416$3,696,821$18,191,694
81$28,432,377$6,267,802$3,701,718$19,788,264
82$31,209,786$6,452,231$3,703,032$21,541,558
83$34,266,626$6,641,832$3,700,525$23,467,442
84$37,631,277$6,836,737$3,693,948$25,583,394
85$41,335,010$7,037,080$3,683,039$27,908,676
86$45,412,283$7,242,999$3,667,522$30,464,513
87$49,901,062$7,454,631$3,647,110$33,274,294
88$54,843,183$7,672,121$3,621,501$36,363,791
89$60,284,745$7,895,613$3,590,379$39,761,406
90$66,276,545$8,125,254$3,553,412$43,498,435
91$72,874,555$8,361,194$3,510,254$47,609,366
92$80,140,453$8,603,585$3,460,541$52,132,202
93$88,142,202$8,852,584$3,403,892$57,108,826
94$96,954,694$9,108,348$3,339,909$62,585,387
95$106,660,452$9,371,036$3,268,176$68,612,744
96$117,350,414$9,640,813$3,188,255$75,246,942
97$129,124,785$9,917,842$3,099,691$82,549,743
98$142,093,988$10,202,291$3,002,006$90,589,207
99$156,379,702$10,494,330$2,894,700$99,440,336
100$172,116,011$10,794,132$2,777,252$109,185,784