Can I retire at age 56 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$215,531$213,612$211,738$209,910$208,125$204,677
2 years$106,699$104,712$102,786$100,918$99,107$95,644
3 years$70,426$68,430$66,509$64,659$62,878$59,506
4 years$52,293$50,303$48,402$46,583$44,845$41,591
5 years$41,416$39,438$37,562$35,781$34,090$30,964
6 years$34,167$32,204$30,355$28,614$26,975$23,979
7 years$28,992$27,045$25,225$23,525$21,938$19,074
8 years$25,112$23,183$21,393$19,735$18,199$15,467
9 years$22,095$20,185$18,426$16,810$15,326$12,724
10 years$19,684$17,792$16,064$14,490$13,059$10,585
11 years$17,712$15,839$14,143$12,611$11,231$8,882
12 years$16,070$14,216$12,551$11,061$9,733$7,505
13 years$14,682$12,847$11,214$9,765$8,487$6,378
14 years$13,493$11,678$10,076$8,669$7,440$5,446
15 years$12,463$10,668$9,097$7,731$6,550$4,668
16 years$11,563$9,788$8,248$6,922$5,789$4,015
17 years$10,770$9,014$7,505$6,220$5,133$3,462
18 years$10,066$8,329$6,851$5,605$4,564$2,993
19 years$9,436$7,720$6,272$5,065$4,068$2,592
20 years$8,871$7,173$5,756$4,587$3,634$2,249
21 years$8,359$6,682$5,294$4,163$3,252$1,954
22 years$7,895$6,237$4,880$3,785$2,915$1,699
23 years$7,472$5,834$4,505$3,447$2,617$1,480
24 years$7,085$5,466$4,167$3,144$2,352$1,290
25 years$6,729$5,129$3,859$2,871$2,116$1,125
26 years$6,401$4,821$3,579$2,625$1,906$982
27 years$6,098$4,537$3,324$2,403$1,719$858
28 years$5,817$4,275$3,090$2,202$1,551$750
29 years$5,556$4,033$2,875$2,019$1,400$656
30 years$5,313$3,809$2,678$1,853$1,265$574
31 years$5,086$3,600$2,497$1,702$1,144$502
32 years$4,873$3,407$2,330$1,564$1,035$439
33 years$4,674$3,226$2,175$1,438$936$385
34 years$4,487$3,058$2,032$1,323$848$337
35 years$4,311$2,900$1,900$1,218$768$295
36 years$4,145$2,753$1,778$1,122$696$259
37 years$3,989$2,615$1,664$1,034$631$227
38 years$3,841$2,485$1,558$953$572$199
39 years$3,701$2,363$1,460$879$518$174
40 years$3,568$2,248$1,368$810$470$153
41 years$3,442$2,140$1,283$748$427$134
42 years$3,323$2,038$1,203$690$387$117
43 years$3,209$1,942$1,129$637$351$103
44 years$3,101$1,851$1,060$588$319$90
45 years$2,998$1,765$995$543$290$79
46 years$2,900$1,684$935$502$263$69
47 years$2,806$1,607$878$463$239$61
48 years$2,716$1,534$825$428$217$53
49 years$2,630$1,465$776$396$197$47
50 years$2,548$1,399$729$366$179$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,610,000, adding $4,146 every year, while hoping to spend $36,877 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: 49/22/29 Blend
55$2,610,000$2,610,000$2,610,000$2,610,000
56$2,880,497$2,742,167$2,701,712$2,997,690
57$3,135,070$2,837,296$2,752,982$3,175,542
58$3,414,375$2,935,851$2,804,734$3,364,703
59$3,720,893$3,037,960$2,856,945$3,569,520
60$4,057,362$3,143,757$2,909,590$3,791,493
61$4,426,793$3,253,382$2,962,642$4,032,274
62$4,832,508$3,366,979$3,016,072$4,293,680
63$5,278,162$3,484,699$3,069,849$4,577,711
64$5,767,784$3,606,699$3,123,938$4,886,569
65$6,305,812$3,733,141$3,178,304$5,222,676
66$6,897,135$3,864,195$3,232,907$5,588,700
67$7,547,138$4,000,037$3,287,706$5,987,578
68$8,261,757$4,140,849$3,342,654$6,422,542
69$9,047,528$4,286,823$3,397,705$6,897,153
70$9,911,655$4,438,156$3,452,807$7,415,330
71$10,862,073$4,595,055$3,507,906$7,981,390
72$11,907,526$4,757,734$3,562,942$8,600,086
73$13,057,647$4,926,416$3,617,853$9,276,653
74$14,323,050$5,101,333$3,672,575$10,016,857
75$15,715,430$5,282,728$3,727,035$10,827,046
76$17,247,673$5,470,850$3,781,160$11,714,216
77$18,933,976$5,665,963$3,834,870$12,686,069
78$20,789,985$5,868,338$3,888,080$13,751,091
79$22,832,935$6,078,259$3,940,703$14,918,628
80$25,081,822$6,296,020$3,992,644$16,198,976
81$27,557,572$6,521,930$4,043,802$17,603,478
82$30,283,248$6,756,308$4,094,072$19,144,628
83$33,284,258$6,999,486$4,143,343$20,836,190
84$36,588,603$7,251,812$4,191,496$22,693,330
85$40,227,136$7,513,646$4,238,407$24,732,752
86$44,233,854$7,785,365$4,283,943$26,972,862
87$48,646,219$8,067,359$4,327,967$29,433,939
88$53,505,512$8,360,038$4,370,332$32,138,322
89$58,857,219$8,663,825$4,410,884$35,110,627
90$64,751,467$8,979,164$4,449,459$38,377,973
91$71,243,488$9,306,514$4,485,888$41,970,241
92$78,394,148$9,646,357$4,519,989$45,920,354
93$86,270,515$9,999,193$4,551,573$50,264,586
94$94,946,497$10,365,543$4,580,440$55,042,907
95$104,503,535$10,745,950$4,606,380$60,299,356
96$115,031,375$11,140,981$4,629,173$66,082,459
97$126,628,912$11,551,226$4,648,587$72,445,684
98$139,405,124$11,977,299$4,664,378$79,447,946
99$153,480,101$12,419,841$4,676,289$87,154,163
100$168,986,180$12,879,522$4,684,053$95,635,867