Can I retire at age 56 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$156,900$155,503$154,139$152,808$151,509$147,666
2 years$77,673$76,227$74,825$73,465$72,147$68,301
3 years$51,268$49,815$48,417$47,070$45,773$42,043
4 years$38,068$36,619$35,235$33,911$32,646$29,061
5 years$30,150$28,710$27,344$26,047$24,817$21,387
6 years$24,873$23,444$22,098$20,830$19,637$16,366
7 years$21,105$19,688$18,363$17,126$15,970$12,858
8 years$18,280$16,876$15,574$14,366$13,249$10,294
9 years$16,085$14,694$13,414$12,237$11,157$8,357
10 years$14,329$12,952$11,694$10,548$9,506$6,858
11 years$12,894$11,530$10,295$9,180$8,176$5,675
12 years$11,698$10,349$9,137$8,052$7,085$4,728
13 years$10,688$9,353$8,163$7,109$6,178$3,959
14 years$9,822$8,501$7,335$6,310$5,416$3,331
15 years$9,073$7,766$6,622$5,628$4,769$2,812
16 years$8,418$7,125$6,004$5,039$4,214$2,381
17 years$7,840$6,562$5,463$4,528$3,737$2,021
18 years$7,328$6,064$4,987$4,080$3,323$1,719
19 years$6,869$5,620$4,566$3,687$2,962$1,464
20 years$6,457$5,222$4,190$3,339$2,645$1,250
21 years$6,085$4,864$3,854$3,031$2,367$1,068
22 years$5,747$4,540$3,552$2,755$2,122$913
23 years$5,439$4,247$3,280$2,509$1,905$782
24 years$5,157$3,979$3,033$2,289$1,712$670
25 years$4,898$3,734$2,809$2,090$1,541$574
26 years$4,660$3,509$2,606$1,911$1,388$492
27 years$4,439$3,303$2,420$1,749$1,251$423
28 years$4,235$3,112$2,249$1,603$1,129$363
29 years$4,045$2,936$2,093$1,470$1,019$311
30 years$3,868$2,773$1,950$1,349$921$268
31 years$3,702$2,621$1,818$1,239$833$230
32 years$3,548$2,480$1,696$1,139$753$198
33 years$3,403$2,349$1,583$1,047$682$170
34 years$3,266$2,226$1,479$963$617$146
35 years$3,138$2,111$1,383$887$559$126
36 years$3,018$2,004$1,294$817$507$108
37 years$2,904$1,903$1,211$752$459$93
38 years$2,796$1,809$1,134$694$416$80
39 years$2,694$1,720$1,063$640$377$69
40 years$2,598$1,636$996$590$342$59
41 years$2,506$1,558$934$544$311$51
42 years$2,419$1,484$876$502$282$44
43 years$2,336$1,414$822$464$256$38
44 years$2,257$1,347$772$428$232$32
45 years$2,182$1,285$725$395$211$28
46 years$2,111$1,226$681$365$191$24
47 years$2,043$1,170$639$337$174$21
48 years$1,977$1,117$601$312$158$18
49 years$1,915$1,066$565$288$143$15
50 years$1,855$1,019$531$266$130$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,900,000, adding $2,326 every year, while hoping to spend $52,539 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: 63/24/13 Blend
55$1,900,000$1,900,000$1,900,000$1,900,000
56$2,096,199$1,995,499$1,966,049$2,221,650
57$2,254,111$2,037,378$1,976,011$2,347,849
58$2,426,368$2,079,547$1,984,545$2,479,345
59$2,614,379$2,121,967$1,991,549$2,621,640
60$2,819,694$2,164,591$1,996,914$2,775,785
61$3,044,018$2,207,372$2,000,526$2,942,935
62$3,289,230$2,250,255$2,002,266$3,124,366
63$3,557,397$2,293,183$2,002,008$3,321,482
64$3,850,797$2,336,094$1,999,620$3,535,830
65$4,171,935$2,378,919$1,994,964$3,769,116
66$4,523,572$2,421,587$1,987,895$4,023,217
67$4,908,749$2,464,017$1,978,262$4,300,205
68$5,330,812$2,506,125$1,965,905$4,602,361
69$5,793,450$2,547,819$1,950,657$4,932,199
70$6,300,721$2,589,002$1,932,344$5,292,490
71$6,857,099$2,629,567$1,910,782$5,686,288
72$7,467,509$2,669,402$1,885,779$6,116,960
73$8,137,377$2,708,385$1,857,134$6,588,213
74$8,872,679$2,746,385$1,824,638$7,104,138
75$9,679,998$2,783,264$1,788,070$7,669,239
76$10,566,587$2,818,873$1,747,199$8,288,483
77$11,540,434$2,853,053$1,701,785$8,967,344
78$12,610,339$2,885,633$1,651,575$9,711,856
79$13,785,996$2,916,432$1,596,306$10,528,667
80$15,078,087$2,945,256$1,535,701$11,425,109
81$16,498,377$2,971,899$1,469,473$12,409,258
82$18,059,831$2,996,141$1,397,319$13,490,019
83$19,776,729$3,017,748$1,318,925$14,677,207
84$21,664,807$3,036,469$1,233,960$15,981,639
85$23,741,400$3,052,039$1,142,081$17,415,237
86$26,025,610$3,064,176$1,042,928$18,991,144
87$28,538,481$3,072,579$936,124$20,723,843
88$31,303,199$3,076,929$821,278$22,629,301
89$34,345,314$3,076,886$697,979$24,725,113
90$37,692,973$3,072,091$565,799$27,030,674
91$41,377,194$3,062,161$424,290$29,567,363
92$45,432,150$3,046,690$272,987$32,358,740
93$49,895,498$3,025,246$111,401$35,430,774
94$54,808,730$2,997,374$0$38,812,090
95$60,217,564$2,962,589$0$42,542,701
96$66,172,377$2,920,377$0$46,665,954
97$72,728,678$2,870,194$0$51,204,779
98$79,947,633$2,811,464$0$56,201,496
99$87,896,642$2,743,577$0$61,702,745
100$96,649,972$2,665,884$0$67,759,922