Can I retire at age 56 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$111,482$110,489$109,520$108,574$107,651$104,080
2 years$55,189$54,161$53,165$52,199$51,262$47,699
3 years$36,427$35,395$34,401$33,445$32,523$29,080
4 years$27,048$26,019$25,035$24,095$23,196$19,899
5 years$21,422$20,399$19,428$18,507$17,633$14,491
6 years$17,673$16,657$15,701$14,800$13,952$10,968
7 years$14,996$13,989$13,048$12,168$11,347$8,519
8 years$12,989$11,991$11,065$10,208$9,413$6,741
9 years$11,429$10,440$9,531$8,695$7,927$5,407
10 years$10,181$9,203$8,309$7,495$6,755$4,382
11 years$9,161$8,193$7,315$6,523$5,809$3,579
12 years$8,312$7,353$6,492$5,721$5,034$2,943
13 years$7,594$6,645$5,800$5,051$4,390$2,431
14 years$6,979$6,040$5,211$4,484$3,848$2,017
15 years$6,446$5,518$4,705$3,999$3,388$1,679
16 years$5,981$5,063$4,266$3,580$2,994$1,401
17 years$5,571$4,662$3,882$3,217$2,655$1,172
18 years$5,206$4,308$3,544$2,899$2,361$982
19 years$4,881$3,993$3,244$2,620$2,104$825
20 years$4,588$3,710$2,977$2,373$1,880$693
21 years$4,324$3,456$2,738$2,153$1,682$583
22 years$4,084$3,226$2,524$1,958$1,508$491
23 years$3,865$3,017$2,330$1,783$1,353$414
24 years$3,665$2,827$2,155$1,626$1,216$349
25 years$3,481$2,653$1,996$1,485$1,095$294
26 years$3,311$2,493$1,851$1,358$986$248
27 years$3,154$2,347$1,719$1,243$889$210
28 years$3,009$2,211$1,598$1,139$802$177
29 years$2,874$2,086$1,487$1,044$724$150
30 years$2,748$1,970$1,385$958$654$126
31 years$2,631$1,862$1,291$880$592$107
32 years$2,521$1,762$1,205$809$535$90
33 years$2,418$1,669$1,125$744$484$76
34 years$2,321$1,582$1,051$684$439$65
35 years$2,230$1,500$983$630$397$55
36 years$2,144$1,424$919$580$360$46
37 years$2,063$1,352$861$535$326$39
38 years$1,987$1,285$806$493$296$33
39 years$1,914$1,222$755$454$268$28
40 years$1,846$1,163$708$419$243$24
41 years$1,781$1,107$664$387$221$20
42 years$1,719$1,054$622$357$200$17
43 years$1,660$1,004$584$329$182$14
44 years$1,604$957$548$304$165$12
45 years$1,551$913$515$281$150$10
46 years$1,500$871$484$259$136$9
47 years$1,451$831$454$240$123$7
48 years$1,405$793$427$222$112$6
49 years$1,361$758$401$205$102$5
50 years$1,318$724$377$189$92$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,350,000, adding $3,012 every year, while hoping to spend $28,268 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: 82/7/11 Blend
55$1,350,000$1,350,000$1,350,000$1,350,000
56$1,490,807$1,419,257$1,398,332$1,610,056
57$1,612,792$1,458,724$1,415,099$1,728,103
58$1,746,273$1,499,177$1,431,481$1,853,640
59$1,892,391$1,540,635$1,447,433$1,990,625
60$2,052,405$1,583,116$1,462,913$2,140,191
61$2,227,701$1,626,639$1,477,871$2,303,586
62$2,419,804$1,671,223$1,492,258$2,482,185
63$2,630,396$1,716,884$1,506,020$2,677,502
64$2,861,327$1,763,642$1,519,102$2,891,204
65$3,114,635$1,811,514$1,531,445$3,125,129
66$3,392,567$1,860,517$1,542,988$3,381,300
67$3,697,596$1,910,669$1,553,664$3,661,946
68$4,032,445$1,961,986$1,563,407$3,969,523
69$4,400,117$2,014,486$1,572,143$4,306,735
70$4,803,916$2,068,183$1,579,797$4,676,562
71$5,247,485$2,123,093$1,586,290$5,082,287
72$5,734,836$2,179,232$1,591,538$5,527,528
73$6,270,387$2,236,613$1,595,452$6,016,270
74$6,859,009$2,295,249$1,597,942$6,552,902
75$7,506,065$2,355,153$1,598,910$7,142,262
76$8,217,465$2,416,337$1,598,255$7,789,680
77$8,999,720$2,478,811$1,595,870$8,501,028
78$9,860,003$2,542,584$1,591,644$9,282,776
79$10,806,218$2,607,665$1,585,458$10,142,055
80$11,847,072$2,674,061$1,577,191$11,086,718
81$12,992,160$2,741,777$1,566,714$12,125,422
82$14,252,053$2,810,816$1,553,891$13,267,704
83$15,638,397$2,881,181$1,538,582$14,524,074
84$17,164,027$2,952,872$1,520,637$15,906,110
85$18,843,082$3,025,887$1,499,903$17,426,575
86$20,691,143$3,100,222$1,476,216$19,099,527
87$22,725,377$3,175,871$1,449,407$20,940,461
88$24,964,700$3,252,824$1,419,297$22,966,449
89$27,429,957$3,331,070$1,385,701$25,196,305
90$30,144,114$3,410,593$1,348,424$27,650,759
91$33,132,479$3,491,377$1,307,261$30,352,656
92$36,422,937$3,573,400$1,261,999$33,327,170
93$40,046,217$3,656,637$1,212,416$36,602,040
94$44,036,177$3,741,059$1,158,279$40,207,836
95$48,430,129$3,826,632$1,099,343$44,178,241
96$53,269,185$3,913,320$1,035,354$48,550,376
97$58,598,650$4,001,080$966,046$53,365,146
98$64,468,444$4,089,865$891,140$58,667,627
99$70,933,577$4,179,621$810,345$64,507,493
100$78,054,669$4,270,290$723,359$70,939,482