Can I retire at age 56 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$94,966$94,120$93,295$92,489$91,703$88,029
2 years$47,013$46,137$45,289$44,466$43,668$40,013
3 years$31,031$30,151$29,305$28,490$27,705$24,184
4 years$23,041$22,164$21,326$20,525$19,759$16,399
5 years$18,248$17,377$16,550$15,765$15,021$11,829
6 years$15,055$14,190$13,375$12,608$11,885$8,865
7 years$12,774$11,916$11,115$10,365$9,666$6,816
8 years$11,064$10,215$9,426$8,695$8,019$5,335
9 years$9,735$8,894$8,119$7,407$6,753$4,232
10 years$8,673$7,839$7,078$6,384$5,754$3,391
11 years$7,804$6,979$6,231$5,556$4,949$2,738
12 years$7,081$6,264$5,530$4,874$4,288$2,224
13 years$6,469$5,661$4,941$4,303$3,739$1,815
14 years$5,945$5,145$4,439$3,820$3,278$1,487
15 years$5,491$4,700$4,008$3,406$2,886$1,222
16 years$5,095$4,313$3,634$3,050$2,551$1,007
17 years$4,745$3,972$3,307$2,740$2,262$831
18 years$4,435$3,670$3,019$2,470$2,011$687
19 years$4,158$3,401$2,763$2,232$1,792$569
20 years$3,908$3,161$2,536$2,021$1,601$472
21 years$3,683$2,944$2,333$1,834$1,433$391
22 years$3,479$2,748$2,150$1,668$1,284$325
23 years$3,292$2,570$1,985$1,519$1,153$270
24 years$3,122$2,408$1,836$1,385$1,036$224
25 years$2,965$2,260$1,700$1,265$932$187
26 years$2,820$2,124$1,577$1,157$840$155
27 years$2,687$1,999$1,464$1,059$757$129
28 years$2,563$1,884$1,361$970$683$107
29 years$2,448$1,777$1,267$890$617$89
30 years$2,341$1,678$1,180$816$557$74
31 years$2,241$1,586$1,100$750$504$62
32 years$2,147$1,501$1,026$689$456$52
33 years$2,059$1,422$958$634$413$43
34 years$1,977$1,347$895$583$374$36
35 years$1,900$1,278$837$537$338$30
36 years$1,826$1,213$783$494$307$25
37 years$1,758$1,152$733$455$278$21
38 years$1,692$1,095$686$420$252$17
39 years$1,631$1,041$643$387$228$14
40 years$1,572$990$603$357$207$12
41 years$1,517$943$565$329$188$10
42 years$1,464$898$530$304$171$8
43 years$1,414$856$498$281$155$7
44 years$1,366$816$467$259$141$6
45 years$1,321$778$439$239$128$5
46 years$1,278$742$412$221$116$4
47 years$1,236$708$387$204$105$3
48 years$1,197$676$364$189$96$3
49 years$1,159$645$342$174$87$2
50 years$1,123$617$321$161$79$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,150,000, adding $5,557 every year, while hoping to spend $44,833 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: 70/10/20 Blend
55$1,150,000$1,150,000$1,150,000$1,150,000
56$1,273,032$1,212,082$1,194,257$1,355,541
57$1,355,179$1,223,772$1,186,563$1,422,981
58$1,444,203$1,234,532$1,177,108$1,490,953
59$1,540,757$1,244,270$1,165,787$1,564,245
60$1,645,561$1,252,886$1,152,487$1,643,378
61$1,759,406$1,260,275$1,137,093$1,728,928
62$1,883,162$1,266,325$1,119,482$1,821,529
63$2,017,786$1,270,917$1,099,527$1,921,881
64$2,164,332$1,273,923$1,077,093$2,030,755
65$2,323,959$1,275,211$1,052,040$2,149,003
66$2,497,942$1,274,635$1,024,223$2,277,563
67$2,687,685$1,272,045$993,487$2,417,471
68$2,894,733$1,267,279$959,673$2,569,868
69$3,120,786$1,260,166$922,612$2,736,014
70$3,367,716$1,250,524$882,130$2,917,298
71$3,637,585$1,238,162$838,043$3,115,252
72$3,932,660$1,222,873$790,159$3,331,564
73$4,255,441$1,204,443$738,278$3,568,098
74$4,608,677$1,182,642$682,192$3,826,909
75$4,995,397$1,157,227$621,680$4,110,263
76$5,418,937$1,127,940$556,516$4,420,658
77$5,882,969$1,094,510$486,460$4,760,850
78$6,391,538$1,056,647$411,262$5,133,877
79$6,949,100$1,014,047$330,664$5,543,091
80$7,560,560$966,387$244,393$5,992,186
81$8,231,322$913,325$152,165$6,485,237
82$8,967,339$854,500$53,685$7,026,736
83$9,775,167$789,530$0$7,621,638
84$10,662,028$718,011$0$8,286,375
85$11,635,877$639,516$0$9,028,939
86$12,705,478$553,594$0$9,844,573
87$13,880,485$459,768$0$10,740,674
88$15,171,532$357,535$0$11,725,392
89$16,590,336$246,362$0$12,807,710
90$18,149,805$125,688$0$13,997,523
91$19,864,158$0$0$15,305,740
92$21,749,061$0$0$16,744,938
93$23,821,776$0$0$18,342,813
94$26,101,318$0$0$20,100,203
95$28,608,640$0$0$22,033,269
96$31,366,826$0$0$24,159,817
97$34,401,310$0$0$26,499,467
98$37,740,116$0$0$29,073,834
99$41,414,121$0$0$31,906,737
100$45,457,347$0$0$35,024,417