Can I retire at age 56 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$180,022$178,419$176,854$175,327$173,836$172,813
2 years$89,120$87,460$85,852$84,292$82,779$81,747
3 years$58,823$57,156$55,552$54,007$52,519$51,509
4 years$43,678$42,016$40,427$38,909$37,457$36,478
5 years$34,593$32,941$31,373$29,886$28,474$27,529
6 years$28,538$26,899$25,354$23,900$22,530$21,620
7 years$24,215$22,590$21,070$19,649$18,323$17,448
8 years$20,974$19,363$17,869$16,483$15,201$14,361
9 years$18,455$16,859$15,390$14,040$12,801$11,996
10 years$16,441$14,861$13,418$12,103$10,907$10,137
11 years$14,794$13,230$11,813$10,533$9,381$8,645
12 years$13,422$11,874$10,483$9,239$8,129$7,426
13 years$12,263$10,731$9,366$8,157$7,089$6,419
14 years$11,270$9,754$8,416$7,240$6,214$5,576
15 years$10,410$8,910$7,598$6,457$5,471$4,865
16 years$9,658$8,175$6,889$5,782$4,836$4,259
17 years$8,996$7,529$6,269$5,195$4,288$3,741
18 years$8,407$6,957$5,722$4,682$3,812$3,294
19 years$7,882$6,448$5,239$4,230$3,398$2,907
20 years$7,409$5,992$4,808$3,831$3,035$2,571
21 years$6,982$5,581$4,422$3,477$2,716$2,277
22 years$6,594$5,210$4,076$3,162$2,435$2,020
23 years$6,241$4,872$3,763$2,879$2,185$1,795
24 years$5,918$4,565$3,480$2,626$1,964$1,596
25 years$5,620$4,284$3,223$2,398$1,768$1,421
26 years$5,347$4,026$2,990$2,193$1,592$1,266
27 years$5,093$3,789$2,776$2,007$1,435$1,129
28 years$4,859$3,571$2,581$1,839$1,295$1,008
29 years$4,641$3,369$2,402$1,686$1,170$900
30 years$4,438$3,181$2,237$1,548$1,057$804
31 years$4,248$3,007$2,086$1,421$955$719
32 years$4,070$2,846$1,946$1,306$864$643
33 years$3,904$2,695$1,817$1,201$782$575
34 years$3,748$2,554$1,698$1,105$708$515
35 years$3,601$2,422$1,587$1,017$641$461
36 years$3,462$2,299$1,485$937$581$413
37 years$3,332$2,184$1,390$863$527$370
38 years$3,208$2,075$1,301$796$478$331
39 years$3,091$1,973$1,219$734$433$297
40 years$2,980$1,878$1,143$677$393$266
41 years$2,875$1,787$1,072$624$356$238
42 years$2,775$1,702$1,005$576$323$214
43 years$2,681$1,622$943$532$293$192
44 years$2,590$1,546$885$491$266$172
45 years$2,504$1,474$831$454$242$154
46 years$2,422$1,406$781$419$220$138
47 years$2,344$1,342$734$387$199$124
48 years$2,269$1,281$689$358$181$111
49 years$2,197$1,223$648$331$164$100
50 years$2,128$1,169$609$306$149$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,180,000, adding $6,366 every year, while hoping to spend $20,110 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: 48/34/18 Blend
55$2,180,000$2,180,000$2,180,000$2,180,000
56$2,408,927$2,293,387$2,259,597$2,512,067
57$2,633,240$2,384,366$2,313,896$2,675,274
58$2,879,760$2,479,129$2,369,341$2,849,834
59$3,150,729$2,577,840$2,425,948$3,038,952
60$3,448,620$2,680,671$2,483,734$3,244,002
61$3,776,157$2,787,801$2,542,716$3,466,490
62$4,136,339$2,899,417$2,602,911$3,708,073
63$4,532,472$3,015,715$2,664,335$3,970,574
64$4,968,199$3,136,900$2,727,005$4,255,995
65$5,447,533$3,263,186$2,790,938$4,566,538
66$5,974,895$3,394,796$2,856,148$4,904,625
67$6,555,158$3,531,964$2,922,652$5,272,918
68$7,193,688$3,674,934$2,990,464$5,674,347
69$7,896,399$3,823,961$3,059,601$6,112,135
70$8,669,810$3,979,313$3,130,075$6,589,827
71$9,521,100$4,141,269$3,201,902$7,111,322
72$10,458,181$4,310,120$3,275,094$7,680,913
73$11,489,770$4,486,171$3,349,665$8,303,323
74$12,625,475$4,669,742$3,425,628$8,983,748
75$13,875,880$4,861,166$3,502,992$9,727,910
76$15,252,649$5,060,791$3,581,771$10,542,103
77$16,768,632$5,268,984$3,661,974$11,433,259
78$18,437,993$5,486,124$3,743,611$12,409,006
79$20,276,336$5,712,612$3,826,689$13,477,743
80$22,300,856$5,948,864$3,911,217$14,648,715
81$24,530,502$6,195,317$3,997,202$15,932,103
82$26,986,153$6,452,427$4,084,648$17,339,114
83$29,690,817$6,720,672$4,173,560$18,882,091
84$32,669,847$7,000,552$4,263,940$20,574,622
85$35,951,181$7,292,588$4,355,792$22,431,673
86$39,565,605$7,597,328$4,449,114$24,469,723
87$43,547,043$7,915,344$4,543,906$26,706,921
88$47,932,879$8,247,233$4,640,165$29,163,253
89$52,764,307$8,593,623$4,737,885$31,860,734
90$58,086,723$8,955,166$4,837,060$34,823,607
91$63,950,150$9,332,550$4,937,683$38,078,576
92$70,409,711$9,726,491$5,039,741$41,655,053
93$77,526,152$10,137,740$5,143,223$45,585,436
94$85,366,411$10,567,081$5,248,113$49,905,408
95$94,004,254$11,015,337$5,354,393$54,654,280
96$103,520,966$11,483,366$5,462,043$59,875,350
97$114,006,124$11,972,070$5,571,041$65,616,319
98$125,558,437$12,482,390$5,681,360$71,929,731
99$138,286,682$13,015,312$5,792,970$78,873,471
100$152,310,729$13,571,868$5,905,840$86,511,307