Can I retire at age 56 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$149,468$148,137$146,838$145,570$144,332$142,587
2 years$73,994$72,616$71,280$69,986$68,729$66,974
3 years$48,839$47,455$46,123$44,840$43,605$41,893
4 years$36,265$34,885$33,566$32,305$31,099$29,444
5 years$28,722$27,350$26,048$24,813$23,641$22,047
6 years$23,695$22,333$21,051$19,843$18,706$17,176
7 years$20,105$18,756$17,494$16,314$15,213$13,747
8 years$17,414$16,077$14,836$13,686$12,621$11,218
9 years$15,323$13,998$12,778$11,657$10,629$9,289
10 years$13,650$12,338$11,140$10,049$9,056$7,779
11 years$12,283$10,984$9,808$8,745$7,789$6,572
12 years$11,144$9,859$8,704$7,671$6,749$5,593
13 years$10,182$8,909$7,777$6,772$5,886$4,788
14 years$9,357$8,098$6,987$6,012$5,159$4,118
15 years$8,643$7,398$6,309$5,361$4,543$3,557
16 years$8,019$6,788$5,720$4,800$4,015$3,082
17 years$7,469$6,251$5,205$4,313$3,560$2,679
18 years$6,980$5,776$4,751$3,887$3,165$2,334
19 years$6,544$5,353$4,349$3,512$2,821$2,038
20 years$6,152$4,975$3,992$3,181$2,520$1,782
21 years$5,797$4,634$3,672$2,887$2,255$1,561
22 years$5,475$4,325$3,384$2,625$2,021$1,370
23 years$5,182$4,045$3,124$2,391$1,815$1,203
24 years$4,913$3,790$2,890$2,180$1,631$1,058
25 years$4,666$3,557$2,676$1,991$1,468$931
26 years$4,439$3,343$2,482$1,821$1,322$820
27 years$4,229$3,146$2,305$1,666$1,192$722
28 years$4,034$2,965$2,143$1,527$1,075$637
29 years$3,853$2,797$1,994$1,400$971$562
30 years$3,684$2,641$1,857$1,285$877$496
31 years$3,527$2,497$1,732$1,180$793$438
32 years$3,380$2,363$1,616$1,085$718$387
33 years$3,241$2,237$1,508$997$649$342
34 years$3,112$2,121$1,409$918$588$302
35 years$2,990$2,011$1,318$845$533$267
36 years$2,875$1,909$1,233$778$483$236
37 years$2,766$1,813$1,154$717$437$209
38 years$2,664$1,723$1,080$661$396$185
39 years$2,567$1,639$1,012$609$360$163
40 years$2,475$1,559$949$562$326$145
41 years$2,387$1,484$890$518$296$128
42 years$2,304$1,413$835$478$268$113
43 years$2,226$1,347$783$442$244$100
44 years$2,151$1,284$735$408$221$89
45 years$2,079$1,224$690$377$201$79
46 years$2,011$1,168$648$348$182$70
47 years$1,946$1,114$609$321$166$62
48 years$1,884$1,064$572$297$150$55
49 years$1,824$1,016$538$274$137$48
50 years$1,767$970$506$254$124$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,810,000, adding $4,630 every year, while hoping to spend $50,119 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: 77/11/12 Blend
55$1,810,000$1,810,000$1,810,000$1,810,000
56$1,999,396$1,903,466$1,875,411$2,148,377
57$2,150,008$1,943,409$1,884,911$2,287,074
58$2,314,303$1,983,631$1,893,049$2,432,283
59$2,493,623$2,024,090$1,899,728$2,590,093
60$2,689,447$2,064,744$1,904,843$2,761,740
61$2,903,401$2,105,547$1,908,285$2,948,586
62$3,137,276$2,146,448$1,909,942$3,152,131
63$3,393,046$2,187,391$1,909,692$3,374,027
64$3,672,880$2,228,317$1,907,411$3,616,096
65$3,979,171$2,269,161$1,902,966$3,880,341
66$4,314,551$2,309,854$1,896,219$4,168,972
67$4,681,918$2,350,321$1,887,026$4,484,423
68$5,084,467$2,390,479$1,875,235$4,829,374
69$5,525,713$2,430,243$1,860,685$5,206,781
70$6,009,528$2,469,518$1,843,211$5,619,897
71$6,540,179$2,508,203$1,822,638$6,072,309
72$7,122,364$2,546,191$1,798,782$6,567,969
73$7,761,256$2,583,366$1,771,452$7,111,230
74$8,462,556$2,619,603$1,740,448$7,706,890
75$9,232,543$2,654,770$1,705,559$8,360,236
76$10,078,133$2,688,724$1,666,566$9,077,093
77$11,006,945$2,721,314$1,623,239$9,863,881
78$12,027,372$2,752,378$1,575,336$10,727,672
79$13,148,662$2,781,741$1,522,607$11,676,263
80$14,380,999$2,809,221$1,464,789$12,718,243
81$15,735,607$2,834,618$1,401,605$13,863,078
82$17,224,849$2,857,724$1,332,768$15,121,199
83$18,862,346$2,878,315$1,257,979$16,504,103
84$20,663,105$2,896,153$1,176,921$18,024,455
85$22,643,661$2,910,984$1,089,267$19,696,218
86$24,822,231$2,922,538$994,674$21,534,776
87$27,218,885$2,930,530$892,783$23,557,082
88$29,855,740$2,934,654$783,219$25,781,821
89$32,757,160$2,934,586$665,591$28,229,582
90$35,949,993$2,929,984$539,492$30,923,057
91$39,463,821$2,920,482$404,493$33,887,253
92$43,331,237$2,905,692$260,150$37,149,726
93$47,588,156$2,885,204$105,998$40,740,848
94$52,274,151$2,858,581$0$44,694,086
95$57,432,825$2,825,362$0$49,053,817
96$63,112,225$2,785,057$0$53,868,168
97$69,365,293$2,737,147$0$59,168,415
98$76,250,367$2,681,080$0$65,003,996
99$83,831,727$2,616,276$0$71,429,390
100$92,180,207$2,542,117$0$78,504,628