Can I retire at age 56 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$212,228$210,338$208,493$206,693$204,935$198,853
2 years$105,063$103,107$101,210$99,372$97,588$91,511
3 years$69,347$67,381$65,490$63,668$61,914$56,032
4 years$51,492$49,532$47,660$45,870$44,158$38,516
5 years$40,781$38,834$36,986$35,232$33,568$28,182
6 years$33,644$31,711$29,890$28,175$26,561$21,436
7 years$28,547$26,631$24,839$23,165$21,601$16,736
8 years$24,727$22,828$21,065$19,432$17,920$13,313
9 years$21,757$19,875$18,144$16,552$15,092$10,736
10 years$19,382$17,519$15,818$14,268$12,859$8,750
11 years$17,440$15,596$13,926$12,417$11,059$7,190
12 years$15,824$13,998$12,359$10,892$9,583$5,946
13 years$14,457$12,650$11,042$9,616$8,357$4,943
14 years$13,286$11,499$9,921$8,536$7,326$4,127
15 years$12,272$10,505$8,957$7,612$6,450$3,457
16 years$11,386$9,638$8,121$6,816$5,701$2,904
17 years$10,605$8,876$7,390$6,124$5,055$2,445
18 years$9,912$8,202$6,746$5,519$4,494$2,063
19 years$9,292$7,601$6,176$4,987$4,006$1,743
20 years$8,735$7,064$5,668$4,517$3,578$1,475
21 years$8,231$6,579$5,213$4,099$3,202$1,250
22 years$7,774$6,142$4,805$3,727$2,870$1,060
23 years$7,358$5,744$4,436$3,394$2,576$899
24 years$6,976$5,382$4,103$3,096$2,316$764
25 years$6,626$5,051$3,800$2,827$2,084$649
26 years$6,303$4,747$3,524$2,585$1,877$552
27 years$6,005$4,467$3,273$2,366$1,692$469
28 years$5,728$4,209$3,042$2,168$1,527$399
29 years$5,471$3,971$2,831$1,988$1,379$340
30 years$5,231$3,750$2,637$1,825$1,246$289
31 years$5,008$3,545$2,459$1,676$1,126$246
32 years$4,799$3,355$2,294$1,540$1,019$210
33 years$4,602$3,177$2,142$1,416$922$179
34 years$4,418$3,011$2,001$1,303$835$152
35 years$4,245$2,856$1,871$1,199$756$130
36 years$4,082$2,711$1,750$1,105$685$110
37 years$3,928$2,574$1,638$1,018$621$94
38 years$3,782$2,447$1,534$938$563$80
39 years$3,644$2,327$1,437$865$510$68
40 years$3,514$2,213$1,347$798$463$58
41 years$3,390$2,107$1,263$736$420$50
42 years$3,272$2,007$1,185$679$381$42
43 years$3,160$1,912$1,112$627$346$36
44 years$3,054$1,822$1,044$579$314$31
45 years$2,952$1,738$980$535$285$26
46 years$2,855$1,658$920$494$259$22
47 years$2,763$1,582$865$456$235$19
48 years$2,674$1,510$813$422$213$16
49 years$2,590$1,442$764$390$194$14
50 years$2,509$1,378$718$360$176$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,570,000, adding $4,282 every year, while hoping to spend $31,311 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: 40/37/23 Blend
55$2,570,000$2,570,000$2,570,000$2,570,000
56$2,836,557$2,700,347$2,660,512$2,930,563
57$3,092,571$2,799,349$2,716,324$3,097,621
58$3,373,649$2,902,153$2,772,957$3,274,953
59$3,682,315$3,008,912$2,830,405$3,466,177
60$4,021,348$3,119,786$2,888,660$3,672,578
61$4,393,811$3,234,940$2,947,715$3,895,569
62$4,803,076$3,354,550$3,007,561$4,136,702
63$5,252,862$3,478,794$3,068,186$4,397,683
64$5,747,261$3,607,863$3,129,578$4,680,387
65$6,290,786$3,741,952$3,191,723$4,986,876
66$6,888,405$3,881,266$3,254,604$5,319,415
67$7,545,594$4,026,020$3,318,205$5,680,498
68$8,268,385$4,176,436$3,382,505$6,072,865
69$9,063,425$4,332,746$3,447,484$6,499,531
70$9,938,036$4,495,192$3,513,116$6,963,813
71$10,900,287$4,664,028$3,579,377$7,469,358
72$11,959,068$4,839,517$3,646,238$8,020,182
73$13,124,173$5,021,933$3,713,667$8,620,702
74$14,406,395$5,211,565$3,781,632$9,275,777
75$15,817,626$5,408,710$3,850,095$9,990,759
76$17,370,969$5,613,682$3,919,018$10,771,533
77$19,080,861$5,826,805$3,988,358$11,624,582
78$20,963,210$6,048,420$4,058,070$12,557,038
79$23,035,547$6,278,882$4,128,104$13,576,754
80$25,317,185$6,518,560$4,198,408$14,692,377
81$27,829,409$6,767,840$4,268,926$15,913,423
82$30,595,671$7,027,126$4,339,597$17,250,374
83$33,641,813$7,296,839$4,410,357$18,714,769
84$36,996,310$7,577,417$4,481,137$20,319,314
85$40,690,543$7,869,319$4,551,864$22,078,001
86$44,759,086$8,173,023$4,622,459$24,006,239
87$49,240,041$8,489,030$4,692,839$26,120,997
88$54,175,392$8,817,859$4,762,917$28,440,964
89$59,611,404$9,160,057$4,832,597$30,986,721
90$65,599,059$9,516,191$4,901,780$33,780,940
91$72,194,534$9,886,856$4,970,361$36,848,588
92$79,459,735$10,272,670$5,038,227$40,217,167
93$87,462,880$10,674,283$5,105,259$43,916,972
94$96,279,140$11,092,369$5,171,331$47,981,371
95$105,991,353$11,527,636$5,236,312$52,447,121
96$116,690,801$11,980,820$5,300,058$57,354,712
97$128,478,076$12,452,693$5,362,423$62,748,750
98$141,464,024$12,944,059$5,423,248$68,678,370
99$155,770,796$13,455,759$5,482,369$75,197,704
100$171,532,998$13,988,673$5,539,609$82,366,386