Can I retire at age 56 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$221,312$219,341$217,417$215,540$213,707$208,795
2 years$109,560$107,520$105,542$103,625$101,765$96,844
3 years$72,315$70,265$68,293$66,394$64,564$59,787
4 years$53,696$51,653$49,700$47,833$46,048$41,451
5 years$42,527$40,496$38,569$36,740$35,005$30,602
6 years$35,084$33,068$31,170$29,381$27,698$23,494
7 years$29,769$27,771$25,902$24,156$22,526$18,520
8 years$25,785$23,805$21,967$20,264$18,687$14,879
9 years$22,688$20,726$18,920$17,260$15,737$12,124
10 years$20,212$18,269$16,495$14,879$13,409$9,986
11 years$18,187$16,264$14,522$12,949$11,532$8,295
12 years$16,501$14,598$12,888$11,358$9,994$6,938
13 years$15,075$13,192$11,514$10,027$8,715$5,834
14 years$13,855$11,991$10,346$8,901$7,639$4,927
15 years$12,797$10,954$9,341$7,938$6,726$4,177
16 years$11,873$10,050$8,469$7,108$5,945$3,552
17 years$11,059$9,256$7,706$6,386$5,271$3,028
18 years$10,336$8,553$7,035$5,755$4,687$2,587
19 years$9,689$7,927$6,440$5,200$4,177$2,214
20 years$9,108$7,366$5,910$4,710$3,731$1,898
21 years$8,584$6,861$5,436$4,275$3,339$1,629
22 years$8,107$6,404$5,011$3,887$2,993$1,400
23 years$7,672$5,990$4,626$3,540$2,687$1,204
24 years$7,275$5,612$4,279$3,228$2,415$1,036
25 years$6,909$5,267$3,963$2,948$2,173$893
26 years$6,573$4,950$3,675$2,696$1,957$769
27 years$6,262$4,658$3,413$2,468$1,765$663
28 years$5,973$4,390$3,173$2,261$1,592$572
29 years$5,705$4,141$2,952$2,073$1,438$494
30 years$5,455$3,911$2,750$1,903$1,299$426
31 years$5,222$3,697$2,564$1,747$1,175$368
32 years$5,004$3,498$2,392$1,606$1,062$318
33 years$4,799$3,313$2,234$1,477$962$275
34 years$4,607$3,140$2,087$1,359$871$237
35 years$4,427$2,978$1,951$1,251$789$205
36 years$4,256$2,827$1,825$1,152$714$177
37 years$4,096$2,685$1,708$1,061$648$153
38 years$3,944$2,551$1,600$978$587$132
39 years$3,800$2,426$1,499$902$532$115
40 years$3,664$2,308$1,405$832$483$99
41 years$3,535$2,197$1,317$768$438$86
42 years$3,412$2,093$1,236$708$397$74
43 years$3,295$1,994$1,160$654$361$64
44 years$3,184$1,900$1,088$604$327$55
45 years$3,078$1,812$1,022$558$297$48
46 years$2,977$1,729$960$515$270$41
47 years$2,881$1,650$902$476$245$36
48 years$2,789$1,575$847$440$223$31
49 years$2,701$1,504$797$406$202$27
50 years$2,617$1,437$749$376$184$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,680,000, adding $3,074 every year, while hoping to spend $32,877 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: 59/19/22 Blend
55$2,680,000$2,680,000$2,680,000$2,680,000
56$2,956,531$2,814,491$2,772,951$3,113,476
57$3,223,116$2,917,420$2,830,864$3,323,419
58$3,515,791$3,024,291$2,889,615$3,548,454
59$3,837,182$3,135,262$2,949,198$3,793,168
60$4,190,183$3,250,498$3,009,604$4,059,475
61$4,577,981$3,370,171$3,070,825$4,349,478
62$5,004,086$3,494,461$3,132,849$4,665,493
63$5,472,368$3,623,554$3,195,664$5,010,071
64$5,987,087$3,757,646$3,259,256$5,386,018
65$6,552,938$3,896,939$3,323,609$5,796,423
66$7,175,094$4,041,645$3,388,707$6,244,687
67$7,859,253$4,191,985$3,454,528$6,734,556
68$8,611,694$4,348,189$3,521,051$7,270,152
69$9,439,334$4,510,497$3,588,254$7,856,015
70$10,349,794$4,679,160$3,656,108$8,497,146
71$11,351,472$4,854,438$3,724,587$9,199,048
72$12,453,620$5,036,604$3,793,659$9,967,786
73$13,666,433$5,225,941$3,863,290$10,810,036
74$15,001,143$5,422,746$3,933,444$11,733,153
75$16,470,127$5,627,327$4,004,082$12,745,236
76$18,087,021$5,840,008$4,075,159$13,855,207
77$19,866,852$6,061,123$4,146,632$15,072,891
78$21,826,177$6,291,024$4,218,450$16,409,113
79$23,983,239$6,530,076$4,290,561$17,875,796
80$26,358,142$6,778,662$4,362,907$19,486,073
81$28,973,036$7,037,180$4,435,428$21,254,412
82$31,852,330$7,306,046$4,508,059$23,196,751
83$35,022,919$7,585,694$4,580,730$25,330,648
84$38,514,440$7,876,577$4,653,368$27,675,447
85$42,359,551$8,179,167$4,725,894$30,252,456
86$46,594,237$8,493,958$4,798,223$33,085,153
87$51,258,152$8,821,465$4,870,267$36,199,401
88$56,394,993$9,162,226$4,941,930$39,623,698
89$62,052,910$9,516,802$5,013,112$43,389,439
90$68,284,961$9,885,780$5,083,706$47,531,215
91$75,149,615$10,269,772$5,153,598$52,087,136
92$82,711,301$10,669,416$5,222,669$57,099,194
93$91,041,017$11,085,380$5,290,791$62,613,654
94$100,216,998$11,518,361$5,357,830$68,681,492
95$110,325,457$11,969,087$5,423,643$75,358,875
96$121,461,399$12,438,317$5,488,081$82,707,690
97$133,729,513$12,926,846$5,550,983$90,796,128
98$147,245,166$13,435,503$5,612,183$99,699,323
99$162,135,484$13,965,155$5,671,503$109,500,065
100$178,540,562$14,516,706$5,728,756$120,289,577