Can I retire at age 56 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$113,133$112,126$111,142$110,183$109,246$105,161
2 years$56,007$54,964$53,953$52,972$52,022$47,953
3 years$36,967$35,919$34,911$33,940$33,005$29,080
4 years$27,449$26,404$25,406$24,452$23,539$19,789
5 years$21,740$20,701$19,716$18,781$17,894$14,327
6 years$17,935$16,904$15,934$15,020$14,159$10,779
7 years$15,218$14,196$13,241$12,348$11,515$8,320
8 years$13,181$12,169$11,229$10,359$9,553$6,540
9 years$11,598$10,595$9,672$8,823$8,045$5,211
10 years$10,332$9,339$8,432$7,606$6,855$4,193
11 years$9,297$8,314$7,424$6,619$5,895$3,401
12 years$8,435$7,462$6,588$5,806$5,109$2,776
13 years$7,706$6,744$5,886$5,126$4,455$2,276
14 years$7,082$6,130$5,289$4,550$3,905$1,874
15 years$6,542$5,600$4,775$4,058$3,438$1,548
16 years$6,070$5,138$4,329$3,633$3,039$1,282
17 years$5,653$4,732$3,939$3,265$2,694$1,063
18 years$5,284$4,372$3,596$2,942$2,396$884
19 years$4,953$4,052$3,292$2,658$2,135$736
20 years$4,656$3,765$3,021$2,408$1,907$613
21 years$4,388$3,507$2,779$2,185$1,707$511
22 years$4,144$3,274$2,561$1,987$1,530$427
23 years$3,922$3,062$2,365$1,809$1,373$357
24 years$3,719$2,869$2,187$1,650$1,234$298
25 years$3,532$2,692$2,026$1,507$1,111$249
26 years$3,360$2,530$1,879$1,378$1,001$209
27 years$3,201$2,381$1,745$1,261$902$175
28 years$3,053$2,244$1,622$1,156$814$146
29 years$2,916$2,117$1,509$1,060$735$122
30 years$2,789$1,999$1,406$973$664$102
31 years$2,670$1,890$1,311$893$600$86
32 years$2,558$1,788$1,223$821$543$72
33 years$2,453$1,693$1,142$755$492$60
34 years$2,355$1,605$1,067$695$445$50
35 years$2,263$1,522$997$639$403$42
36 years$2,176$1,445$933$589$365$35
37 years$2,094$1,372$873$543$331$30
38 years$2,016$1,304$818$500$300$25
39 years$1,943$1,240$766$461$272$21
40 years$1,873$1,180$718$425$247$17
41 years$1,807$1,123$673$392$224$15
42 years$1,744$1,070$632$362$203$12
43 years$1,685$1,019$593$334$184$10
44 years$1,628$972$556$309$167$9
45 years$1,574$926$522$285$152$7
46 years$1,522$884$491$263$138$6
47 years$1,473$843$461$243$125$5
48 years$1,426$805$433$225$114$4
49 years$1,381$769$407$208$103$4
50 years$1,338$734$383$192$94$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,370,000, adding $5,465 every year, while hoping to spend $20,049 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: 45/45/10 Blend
55$1,370,000$1,370,000$1,370,000$1,370,000
56$1,515,377$1,442,767$1,421,532$1,579,047
57$1,648,614$1,492,131$1,447,821$1,673,061
58$1,794,768$1,543,241$1,474,320$1,772,452
59$1,955,138$1,596,163$1,501,012$1,879,769
60$2,131,150$1,650,963$1,527,884$1,995,750
61$2,324,377$1,707,711$1,554,919$2,121,206
62$2,536,554$1,766,478$1,582,098$2,257,029
63$2,769,587$1,827,341$1,609,404$2,404,198
64$3,025,581$1,890,376$1,636,814$2,563,792
65$3,306,851$1,955,666$1,664,309$2,736,995
66$3,615,949$2,023,293$1,691,863$2,925,109
67$3,955,688$2,093,345$1,719,451$3,129,569
68$4,329,163$2,165,914$1,747,048$3,351,949
69$4,739,787$2,241,094$1,774,624$3,593,983
70$5,191,321$2,318,983$1,802,149$3,857,580
71$5,687,905$2,399,682$1,829,590$4,144,838
72$6,234,103$2,483,299$1,856,914$4,458,067
73$6,834,944$2,569,942$1,884,082$4,799,808
74$7,495,966$2,659,728$1,911,057$5,172,859
75$8,223,275$2,752,774$1,937,798$5,580,298
76$9,023,594$2,849,206$1,964,259$6,025,516
77$9,904,335$2,949,151$1,990,396$6,512,242
78$10,873,662$3,052,744$2,016,159$7,044,584
79$11,940,571$3,160,125$2,041,497$7,627,064
80$13,114,976$3,271,438$2,066,353$8,264,660
81$14,407,799$3,386,833$2,090,671$8,962,855
82$15,831,075$3,506,469$2,114,389$9,727,683
83$17,398,066$3,630,507$2,137,443$10,565,793
84$19,123,386$3,759,119$2,159,764$11,484,505
85$21,023,135$3,892,480$2,181,280$12,491,878
86$23,115,058$4,030,774$2,201,916$13,596,791
87$25,418,705$4,174,193$2,221,591$14,809,022
88$27,955,620$4,322,936$2,240,222$16,139,339
89$30,749,543$4,477,210$2,257,719$17,599,604
90$33,826,634$4,637,230$2,273,990$19,202,881
91$37,215,717$4,803,221$2,288,936$20,963,562
92$40,948,559$4,975,417$2,302,453$22,897,498
93$45,060,160$5,154,061$2,314,434$25,022,150
94$49,589,093$5,339,407$2,324,764$27,356,754
95$54,577,860$5,531,717$2,333,323$29,922,499
96$60,073,297$5,731,267$2,339,985$32,742,729
97$66,127,017$5,938,343$2,344,618$35,843,158
98$72,795,893$6,153,242$2,347,083$39,252,117
99$80,142,598$6,376,274$2,347,234$43,000,816
100$88,236,194$6,607,763$2,344,918$47,123,642