Can I retire at age 56 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$131,301$130,131$128,990$127,876$126,789$122,681
2 years$65,000$63,790$62,617$61,479$60,376$56,276
3 years$42,903$41,687$40,517$39,390$38,305$34,341
4 years$31,857$30,645$29,486$28,378$27,319$23,523
5 years$25,231$24,026$22,882$21,797$20,768$17,148
6 years$20,815$19,619$18,492$17,432$16,433$12,993
7 years$17,662$16,476$15,367$14,331$13,364$10,104
8 years$15,298$14,123$13,033$12,022$11,087$8,004
9 years$13,460$12,296$11,225$10,240$9,337$6,428
10 years$11,991$10,839$9,786$8,827$7,955$5,216
11 years$10,790$9,649$8,616$7,682$6,842$4,266
12 years$9,790$8,661$7,646$6,738$5,929$3,512
13 years$8,944$7,827$6,831$5,949$5,170$2,906
14 years$8,220$7,114$6,138$5,281$4,532$2,414
15 years$7,593$6,499$5,542$4,710$3,991$2,012
16 years$7,044$5,963$5,024$4,217$3,527$1,682
17 years$6,561$5,491$4,572$3,789$3,127$1,409
18 years$6,132$5,074$4,174$3,415$2,781$1,183
19 years$5,749$4,703$3,821$3,085$2,478$994
20 years$5,404$4,370$3,507$2,794$2,214$837
21 years$5,092$4,071$3,225$2,536$1,981$705
22 years$4,810$3,800$2,973$2,306$1,776$595
23 years$4,552$3,554$2,745$2,100$1,594$502
24 years$4,316$3,330$2,538$1,915$1,433$424
25 years$4,099$3,125$2,351$1,749$1,289$358
26 years$3,900$2,937$2,180$1,599$1,161$303
27 years$3,715$2,764$2,025$1,464$1,047$256
28 years$3,544$2,604$1,882$1,341$945$217
29 years$3,385$2,457$1,752$1,230$853$183
30 years$3,237$2,320$1,632$1,129$771$155
31 years$3,098$2,193$1,521$1,037$697$131
32 years$2,969$2,075$1,419$953$630$111
33 years$2,847$1,965$1,325$876$570$94
34 years$2,734$1,863$1,238$806$517$80
35 years$2,626$1,767$1,158$742$468$68
36 years$2,525$1,677$1,083$683$424$57
37 years$2,430$1,593$1,014$630$384$48
38 years$2,340$1,514$949$580$348$41
39 years$2,255$1,439$889$535$316$35
40 years$2,174$1,369$833$494$286$29
41 years$2,097$1,304$782$455$260$25
42 years$2,024$1,241$733$420$236$21
43 years$1,955$1,183$688$388$214$18
44 years$1,889$1,128$646$358$194$15
45 years$1,826$1,075$606$331$176$13
46 years$1,766$1,026$569$306$160$11
47 years$1,709$979$535$282$145$9
48 years$1,655$934$503$261$132$8
49 years$1,602$892$473$241$120$7
50 years$1,552$852$444$223$109$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,590,000, adding $3,800 every year, while hoping to spend $59,285 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: 56/39/5 Blend
55$1,590,000$1,590,000$1,590,000$1,590,000
56$1,756,100$1,671,830$1,647,185$1,852,499
57$1,872,143$1,690,671$1,639,287$1,936,631
58$1,998,036$1,708,448$1,629,137$2,021,226
59$2,134,720$1,725,046$1,616,598$2,111,879
60$2,283,232$1,740,344$1,601,524$2,209,173
61$2,444,712$1,754,211$1,583,765$2,313,750
62$2,620,413$1,766,507$1,563,162$2,426,320
63$2,811,715$1,777,086$1,539,548$2,547,665
64$3,020,137$1,785,790$1,512,749$2,678,648
65$3,247,349$1,792,452$1,482,584$2,820,224
66$3,495,190$1,796,894$1,448,862$2,973,445
67$3,765,684$1,798,926$1,411,384$3,139,472
68$4,061,059$1,798,349$1,369,941$3,319,587
69$4,383,767$1,794,948$1,324,314$3,515,205
70$4,736,509$1,788,498$1,274,276$3,727,889
71$5,122,256$1,778,759$1,219,588$3,959,363
72$5,544,283$1,765,474$1,160,001$4,211,529
73$6,006,193$1,748,375$1,095,253$4,486,488
74$6,511,953$1,727,174$1,025,073$4,786,557
75$7,065,935$1,701,568$949,176$5,114,295
76$7,672,950$1,671,235$867,263$5,472,524
77$8,338,299$1,635,834$779,025$5,864,361
78$9,067,819$1,595,003$684,135$6,293,242
79$9,867,939$1,548,361$582,256$6,762,963
80$10,745,740$1,495,502$473,033$7,277,708
81$11,709,022$1,435,997$356,096$7,842,098
82$12,766,375$1,369,395$231,059$8,461,229
83$13,927,265$1,295,214$97,518$9,140,725
84$15,202,115$1,212,949$0$9,886,789
85$16,602,409$1,122,061$0$10,708,668
86$18,140,797$1,021,986$0$11,617,221
87$19,831,218$912,122$0$12,615,594
88$21,689,023$791,836$0$13,713,005
89$23,731,127$660,460$0$14,919,617
90$25,976,165$517,286$0$16,246,642
91$28,444,668$361,567$0$17,706,443
92$31,159,254$192,514$0$19,312,657
93$34,144,845$9,294$0$21,080,322
94$37,428,898$0$0$23,026,024
95$41,041,664$0$0$25,249,148
96$45,016,476$0$0$27,699,612
97$49,390,058$0$0$30,396,087
98$54,202,875$0$0$33,363,542
99$59,499,513$0$0$36,629,490
100$65,329,099$0$0$40,224,245