Can I retire at age 56 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$185,803$184,148$182,533$180,957$179,418$174,233
2 years$91,982$90,269$88,608$86,999$85,437$80,255
3 years$60,712$58,991$57,335$55,741$54,205$49,187
4 years$45,080$43,365$41,726$40,158$38,659$33,845
5 years$35,704$33,999$32,381$30,845$29,388$24,790
6 years$29,455$27,762$26,168$24,667$23,254$18,877
7 years$24,993$23,315$21,746$20,280$18,912$14,755
8 years$21,648$19,985$18,442$17,013$15,689$11,751
9 years$19,048$17,401$15,884$14,491$13,212$9,488
10 years$16,969$15,338$13,848$12,491$11,258$7,743
11 years$15,269$13,654$12,192$10,871$9,682$6,370
12 years$13,853$12,255$10,820$9,536$8,390$5,275
13 years$12,657$11,075$9,667$8,418$7,316$4,391
14 years$11,632$10,067$8,686$7,473$6,414$3,671
15 years$10,744$9,197$7,842$6,665$5,647$3,080
16 years$9,968$8,438$7,110$5,967$4,991$2,591
17 years$9,285$7,771$6,470$5,362$4,425$2,185
18 years$8,677$7,181$5,906$4,832$3,935$1,846
19 years$8,135$6,655$5,407$4,366$3,507$1,562
20 years$7,647$6,184$4,962$3,954$3,133$1,324
21 years$7,206$5,760$4,564$3,589$2,803$1,123
22 years$6,806$5,377$4,207$3,263$2,513$954
23 years$6,441$5,029$3,884$2,972$2,256$811
24 years$6,108$4,712$3,592$2,710$2,027$690
25 years$5,801$4,422$3,327$2,475$1,824$587
26 years$5,518$4,156$3,086$2,263$1,643$500
27 years$5,257$3,911$2,865$2,072$1,482$426
28 years$5,015$3,685$2,664$1,898$1,337$363
29 years$4,790$3,477$2,479$1,741$1,207$309
30 years$4,580$3,283$2,309$1,597$1,091$264
31 years$4,384$3,104$2,152$1,467$986$225
32 years$4,201$2,937$2,008$1,348$892$192
33 years$4,029$2,781$1,875$1,240$807$164
34 years$3,868$2,636$1,752$1,141$731$140
35 years$3,716$2,500$1,638$1,050$662$119
36 years$3,574$2,373$1,532$967$600$102
37 years$3,439$2,254$1,434$891$544$87
38 years$3,311$2,142$1,343$821$493$74
39 years$3,190$2,037$1,258$757$447$63
40 years$3,076$1,938$1,179$699$405$54
41 years$2,968$1,845$1,106$644$368$46
42 years$2,865$1,757$1,037$595$334$39
43 years$2,767$1,674$973$549$303$34
44 years$2,673$1,596$914$507$275$29
45 years$2,584$1,522$858$468$250$25
46 years$2,500$1,451$806$432$227$21
47 years$2,419$1,385$757$400$206$18
48 years$2,341$1,322$711$369$187$15
49 years$2,268$1,263$669$341$170$13
50 years$2,197$1,206$629$315$154$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,250,000, adding $6,874 every year, while hoping to spend $49,691 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: 52/19/29 Blend
55$2,250,000$2,250,000$2,250,000$2,250,000
56$2,486,591$2,367,341$2,332,466$2,595,314
57$2,687,352$2,430,469$2,357,732$2,734,835
58$2,906,926$2,495,026$2,382,180$2,880,974
59$3,147,178$2,561,028$2,405,729$3,038,984
60$3,410,164$2,628,492$2,428,295$3,210,023
61$3,698,146$2,697,435$2,449,789$3,395,363
62$4,013,618$2,767,869$2,470,117$3,596,408
63$4,359,323$2,839,811$2,489,182$3,814,704
64$4,738,284$2,913,271$2,506,879$4,051,953
65$5,153,829$2,988,262$2,523,100$4,310,035
66$5,609,626$3,064,793$2,537,730$4,591,016
67$6,109,712$3,142,872$2,550,648$4,897,178
68$6,658,536$3,222,507$2,561,729$5,231,033
69$7,260,998$3,303,700$2,570,837$5,595,349
70$7,922,494$3,386,456$2,577,835$5,993,178
71$8,648,970$3,470,775$2,582,575$6,427,884
72$9,446,976$3,556,654$2,584,902$6,903,173
73$10,323,727$3,644,089$2,584,655$7,423,130
74$11,287,171$3,733,073$2,581,665$7,992,258
75$12,346,064$3,823,596$2,575,753$8,615,520
76$13,510,055$3,915,643$2,566,732$9,298,385
77$14,789,769$4,009,199$2,554,407$10,046,882
78$16,196,918$4,104,242$2,538,572$10,867,655
79$17,744,402$4,200,748$2,519,012$11,768,027
80$19,446,434$4,298,688$2,495,502$12,756,071
81$21,318,675$4,398,028$2,467,806$13,840,684
82$23,378,379$4,498,731$2,435,676$15,031,670
83$25,644,556$4,600,751$2,398,854$16,339,838
84$28,138,153$4,704,040$2,357,068$17,777,100
85$30,882,249$4,808,542$2,310,034$19,356,586
86$33,902,274$4,914,197$2,257,456$21,092,767
87$37,226,248$5,020,934$2,199,023$23,001,592
88$40,885,044$5,128,679$2,134,409$25,100,642
89$44,912,682$5,237,347$2,063,275$27,409,292
90$49,346,646$5,346,848$1,985,265$29,948,898
91$54,228,239$5,457,079$1,900,007$32,742,998
92$59,602,974$5,567,930$1,807,112$35,817,533
93$65,521,001$5,679,283$1,706,174$39,201,095
94$72,037,581$5,791,005$1,596,768$42,925,199
95$79,213,605$5,902,955$1,478,450$47,024,577
96$87,116,171$6,014,978$1,350,757$51,537,509
97$95,819,216$6,126,908$1,213,203$56,506,187
98$105,404,214$6,238,564$1,065,283$61,977,109
99$115,960,942$6,349,752$906,468$68,001,526
100$127,588,330$6,460,261$736,206$74,635,921