Can I retire at age 56 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$157,726$156,321$154,950$153,612$152,306$149,845
2 years$78,082$76,628$75,219$73,852$72,527$70,054
3 years$51,538$50,077$48,671$47,318$46,014$43,606
4 years$38,268$36,812$35,420$34,090$32,818$30,494
5 years$30,308$28,861$27,488$26,184$24,947$22,714
6 years$25,004$23,567$22,214$20,940$19,740$17,600
7 years$21,216$19,792$18,460$17,216$16,054$14,008
8 years$18,377$16,965$15,656$14,442$13,318$11,365
9 years$16,169$14,771$13,484$12,301$11,216$9,355
10 years$14,405$13,020$11,756$10,604$9,557$7,787
11 years$12,962$11,591$10,350$9,228$8,219$6,538
12 years$11,760$10,404$9,185$8,095$7,122$5,529
13 years$10,744$9,402$8,206$7,146$6,211$4,702
14 years$9,874$8,546$7,373$6,344$5,444$4,017
15 years$9,121$7,807$6,657$5,657$4,794$3,446
16 years$8,462$7,163$6,036$5,066$4,237$2,965
17 years$7,882$6,597$5,492$4,551$3,756$2,559
18 years$7,366$6,095$5,014$4,102$3,340$2,214
19 years$6,906$5,649$4,590$3,706$2,977$1,919
20 years$6,491$5,250$4,212$3,357$2,659$1,666
21 years$6,117$4,890$3,874$3,046$2,380$1,448
22 years$5,778$4,564$3,571$2,770$2,133$1,261
23 years$5,468$4,269$3,297$2,523$1,915$1,099
24 years$5,185$4,000$3,049$2,301$1,721$959
25 years$4,924$3,754$2,824$2,101$1,549$837
26 years$4,684$3,528$2,619$1,921$1,395$731
27 years$4,463$3,320$2,432$1,759$1,258$639
28 years$4,257$3,128$2,261$1,611$1,135$559
29 years$4,066$2,951$2,104$1,478$1,025$489
30 years$3,888$2,787$1,960$1,356$926$428
31 years$3,722$2,635$1,827$1,245$837$375
32 years$3,566$2,493$1,705$1,145$757$329
33 years$3,421$2,361$1,592$1,052$685$288
34 years$3,284$2,238$1,487$968$620$252
35 years$3,155$2,122$1,391$891$562$221
36 years$3,034$2,014$1,301$821$509$194
37 years$2,919$1,913$1,218$756$461$170
38 years$2,811$1,818$1,140$697$418$149
39 years$2,708$1,729$1,068$643$379$131
40 years$2,611$1,645$1,001$593$344$115
41 years$2,519$1,566$939$547$312$101
42 years$2,432$1,491$881$505$283$88
43 years$2,349$1,421$826$466$257$78
44 years$2,269$1,354$776$430$233$68
45 years$2,194$1,292$728$397$212$60
46 years$2,122$1,232$684$367$192$52
47 years$2,053$1,176$643$339$175$46
48 years$1,988$1,122$604$313$159$40
49 years$1,925$1,072$568$290$144$35
50 years$1,865$1,024$534$268$131$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $1,910,000, adding $5,970 every year, while hoping to spend $55,227 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: 51/36/13 Blend
55$1,910,000$1,910,000$1,910,000$1,910,000
56$2,110,978$2,009,748$1,980,143$2,210,959
57$2,267,537$2,049,465$1,987,717$2,319,770
58$2,438,213$2,089,276$1,993,693$2,431,668
59$2,624,390$2,129,129$1,997,961$2,552,068
60$2,827,587$2,168,966$2,000,401$2,681,786
61$3,049,478$2,208,723$2,000,893$2,821,724
62$3,291,908$2,248,333$1,999,305$2,972,874
63$3,556,903$2,287,722$1,995,502$3,136,330
64$3,846,698$2,326,812$1,989,343$3,313,301
65$4,163,753$2,365,517$1,980,678$3,505,114
66$4,510,775$2,403,747$1,969,350$3,713,238
67$4,890,747$2,441,403$1,955,195$3,939,290
68$5,306,951$2,478,380$1,938,043$4,185,051
69$5,763,005$2,514,565$1,917,712$4,452,489
70$6,262,891$2,549,838$1,894,015$4,743,770
71$6,810,995$2,584,069$1,866,753$5,061,285
72$7,412,148$2,617,121$1,835,721$5,407,669
73$8,071,672$2,648,844$1,800,702$5,785,827
74$8,795,426$2,679,081$1,761,470$6,198,965
75$9,589,868$2,707,665$1,717,787$6,650,614
76$10,462,108$2,734,413$1,669,406$7,144,671
77$11,419,979$2,759,136$1,616,068$7,685,431
78$12,472,112$2,781,629$1,557,501$8,277,631
79$13,628,012$2,801,673$1,493,422$8,926,493
80$14,898,152$2,819,038$1,423,534$9,637,776
81$16,294,069$2,833,476$1,347,528$10,417,829
82$17,828,473$2,844,725$1,265,079$11,273,653
83$19,515,366$2,852,506$1,175,849$12,212,969
84$21,370,178$2,856,523$1,079,484$13,244,287
85$23,409,903$2,856,460$975,614$14,376,991
86$25,653,270$2,851,983$863,854$15,621,428
87$28,120,910$2,842,737$743,800$16,989,006
88$30,835,557$2,828,345$615,030$18,492,303
89$33,822,256$2,808,406$477,106$20,145,186
90$37,108,604$2,782,496$329,568$21,962,942
91$40,725,010$2,750,166$171,936$23,962,428
92$44,704,975$2,710,939$3,710$26,162,225
93$49,085,417$2,664,309$0$28,582,822
94$53,907,010$2,609,741$0$31,271,190
95$59,214,575$2,546,668$0$34,229,977
96$65,057,496$2,474,489$0$37,486,195
97$71,490,190$2,392,569$0$41,070,187
98$78,572,620$2,300,235$0$45,015,399
99$86,370,856$2,196,776$0$49,358,695
100$94,957,703$2,081,437$0$54,140,708