Can I retire at age 56 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$220,486$218,522$216,606$214,736$212,910$211,834
2 years$109,152$107,119$105,149$103,238$101,385$100,300
3 years$72,045$70,003$68,038$66,146$64,323$63,262
4 years$53,495$51,460$49,514$47,654$45,876$44,846
5 years$42,368$40,345$38,425$36,603$34,874$33,879
6 years$34,953$32,945$31,053$29,272$27,595$26,636
7 years$29,658$27,667$25,805$24,066$22,442$21,520
8 years$25,689$23,716$21,885$20,188$18,618$17,732
9 years$22,603$20,649$18,850$17,196$15,679$14,830
10 years$20,136$18,201$16,433$14,823$13,359$12,547
11 years$18,119$16,203$14,468$12,901$11,489$10,712
12 years$16,439$14,543$12,840$11,316$9,956$9,214
13 years$15,019$13,143$11,471$9,990$8,682$7,974
14 years$13,803$11,946$10,307$8,868$7,611$6,936
15 years$12,750$10,913$9,306$7,909$6,701$6,059
16 years$11,829$10,013$8,437$7,081$5,922$5,312
17 years$11,018$9,221$7,678$6,362$5,251$4,672
18 years$10,297$8,521$7,009$5,734$4,669$4,120
19 years$9,653$7,897$6,416$5,181$4,162$3,641
20 years$9,074$7,338$5,888$4,692$3,717$3,224
21 years$8,552$6,835$5,416$4,259$3,327$2,861
22 years$8,077$6,381$4,992$3,872$2,982$2,542
23 years$7,644$5,968$4,609$3,526$2,677$2,261
24 years$7,248$5,591$4,263$3,216$2,406$2,014
25 years$6,884$5,247$3,948$2,937$2,165$1,796
26 years$6,548$4,931$3,662$2,686$1,950$1,603
27 years$6,238$4,641$3,400$2,458$1,758$1,432
28 years$5,951$4,373$3,161$2,252$1,586$1,280
29 years$5,684$4,126$2,941$2,065$1,432$1,145
30 years$5,435$3,896$2,740$1,896$1,294$1,024
31 years$5,203$3,683$2,554$1,741$1,170$917
32 years$4,985$3,485$2,383$1,600$1,059$822
33 years$4,782$3,300$2,225$1,471$958$736
34 years$4,590$3,128$2,079$1,354$867$660
35 years$4,410$2,967$1,944$1,246$786$592
36 years$4,241$2,816$1,818$1,148$712$531
37 years$4,080$2,675$1,702$1,057$645$476
38 years$3,929$2,542$1,594$975$585$428
39 years$3,786$2,417$1,493$899$530$384
40 years$3,650$2,300$1,400$829$481$345
41 years$3,522$2,189$1,312$765$436$309
42 years$3,399$2,085$1,231$706$396$278
43 years$3,283$1,986$1,155$652$359$250
44 years$3,172$1,893$1,084$602$326$224
45 years$3,067$1,806$1,018$556$296$201
46 years$2,966$1,722$956$513$269$181
47 years$2,870$1,644$898$474$244$163
48 years$2,779$1,569$844$438$222$146
49 years$2,691$1,498$794$405$201$131
50 years$2,607$1,431$746$374$183$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,670,000, adding $4,419 every year, while hoping to spend $48,117 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$2,670,000$2,670,000$2,670,000$2,670,000
56$2,946,898$2,805,388$2,764,003$3,086,663
57$3,196,286$2,891,656$2,805,401$3,269,090
58$3,469,498$2,980,538$2,846,573$3,461,858
59$3,768,915$3,072,113$2,887,461$3,670,335
60$4,097,156$3,166,458$2,928,003$3,896,015
61$4,457,108$3,263,656$2,968,133$4,140,544
62$4,851,949$3,363,792$3,007,782$4,405,730
63$5,285,181$3,466,951$3,046,876$4,693,564
64$5,760,660$3,573,222$3,085,336$5,006,236
65$6,282,634$3,682,696$3,123,082$5,346,157
66$6,855,782$3,795,469$3,160,025$5,715,982
67$7,485,260$3,911,635$3,196,074$6,118,631
68$8,176,746$4,031,294$3,231,132$6,557,321
69$8,936,495$4,154,548$3,265,095$7,035,592
70$9,771,398$4,281,502$3,297,857$7,557,342
71$10,689,048$4,412,263$3,329,303$8,126,864
72$11,697,809$4,546,941$3,359,312$8,748,884
73$12,806,895$4,685,651$3,387,759$9,428,607
74$14,026,460$4,828,509$3,414,510$10,171,766
75$15,367,687$4,975,635$3,439,425$10,984,673
76$16,842,902$5,127,152$3,462,356$11,874,281
77$18,465,681$5,283,186$3,483,149$12,848,249
78$20,250,985$5,443,866$3,501,639$13,915,011
79$22,215,297$5,609,327$3,517,655$15,083,859
80$24,376,779$5,779,705$3,531,017$16,365,028
81$26,755,440$5,955,141$3,541,536$17,769,791
82$29,373,330$6,135,778$3,549,013$19,310,569
83$32,254,743$6,321,764$3,553,238$21,001,044
84$35,426,448$6,513,252$3,553,993$22,856,288
85$38,917,941$6,710,397$3,551,047$24,892,907
86$42,761,724$6,913,359$3,544,160$27,129,195
87$46,993,608$7,122,302$3,533,078$29,585,308
88$51,653,055$7,337,394$3,517,535$32,283,452
89$56,783,548$7,558,807$3,497,254$35,248,094
90$62,433,000$7,786,719$3,471,942$38,506,189
91$68,654,209$8,021,311$3,441,295$42,087,439
92$75,505,352$8,262,769$3,404,992$46,024,568
93$83,050,537$8,511,284$3,362,698$50,353,632
94$91,360,405$8,767,050$3,314,062$55,114,362
95$100,512,799$9,030,268$3,258,715$60,350,532
96$110,593,496$9,301,143$3,196,275$66,110,378
97$121,697,020$9,579,886$3,126,336$72,447,048
98$133,927,526$9,866,711$3,048,479$79,419,106
99$147,399,793$10,161,839$2,962,262$87,091,083
100$162,240,298$10,465,495$2,867,224$95,534,087