Can I retire at age 56 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$229,570$227,525$225,530$223,583$221,681$215,884
2 years$113,648$111,532$109,481$107,492$105,562$99,762
3 years$75,013$72,887$70,841$68,871$66,973$61,350
4 years$55,699$53,580$51,554$49,618$47,766$42,363
5 years$44,114$42,007$40,008$38,111$36,311$31,144
6 years$36,393$34,302$32,333$30,478$28,732$23,806
7 years$30,880$28,807$26,869$25,057$23,366$18,682
8 years$26,747$24,693$22,787$21,020$19,385$14,939
9 years$23,534$21,500$19,626$17,904$16,325$12,114
10 years$20,966$18,951$17,110$15,434$13,909$9,929
11 years$18,866$16,871$15,064$13,432$11,963$8,206
12 years$17,117$15,142$13,369$11,782$10,367$6,827
13 years$15,638$13,684$11,944$10,401$9,040$5,710
14 years$14,372$12,439$10,732$9,233$7,924$4,796
15 years$13,275$11,363$9,689$8,234$6,977$4,043
16 years$12,316$10,425$8,785$7,373$6,166$3,419
17 years$11,472$9,601$7,994$6,625$5,468$2,898
18 years$10,721$8,872$7,297$5,970$4,862$2,461
19 years$10,051$8,222$6,680$5,395$4,333$2,094
20 years$9,448$7,641$6,131$4,886$3,870$1,784
21 years$8,904$7,117$5,639$4,434$3,464$1,522
22 years$8,409$6,643$5,197$4,032$3,105$1,299
23 years$7,959$6,213$4,799$3,672$2,787$1,111
24 years$7,546$5,822$4,438$3,349$2,505$950
25 years$7,167$5,463$4,111$3,058$2,254$813
26 years$6,818$5,135$3,812$2,796$2,030$696
27 years$6,495$4,832$3,540$2,560$1,831$596
28 years$6,196$4,553$3,291$2,345$1,652$511
29 years$5,918$4,296$3,063$2,151$1,491$438
30 years$5,659$4,057$2,853$1,974$1,348$376
31 years$5,417$3,835$2,659$1,813$1,218$322
32 years$5,191$3,629$2,481$1,666$1,102$277
33 years$4,979$3,436$2,317$1,532$997$237
34 years$4,779$3,257$2,165$1,409$903$204
35 years$4,592$3,089$2,024$1,298$818$175
36 years$4,415$2,932$1,893$1,195$741$150
37 years$4,249$2,785$1,772$1,101$672$129
38 years$4,091$2,647$1,659$1,015$609$111
39 years$3,942$2,517$1,555$936$552$95
40 years$3,801$2,394$1,457$863$501$82
41 years$3,667$2,279$1,366$796$454$70
42 years$3,539$2,171$1,282$735$412$60
43 years$3,418$2,068$1,203$678$374$52
44 years$3,303$1,971$1,129$626$340$44
45 years$3,193$1,880$1,060$578$308$38
46 years$3,088$1,793$996$534$280$33
47 years$2,989$1,711$935$494$254$28
48 years$2,893$1,634$879$456$231$24
49 years$2,802$1,560$826$422$210$21
50 years$2,714$1,490$777$390$190$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,780,000, adding $6,109 every year, while hoping to spend $22,817 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: 73/16/11 Blend
55$2,780,000$2,780,000$2,780,000$2,780,000
56$3,069,861$2,922,521$2,879,431$3,286,903
57$3,358,710$3,041,448$2,951,615$3,550,066
58$3,676,257$3,165,437$3,025,453$3,834,790
59$4,025,404$3,294,713$3,100,975$4,146,017
60$4,409,351$3,429,509$3,178,213$4,486,362
61$4,831,621$3,570,072$3,257,199$4,858,705
62$5,296,097$3,716,656$3,337,966$5,266,216
63$5,807,057$3,869,530$3,420,546$5,712,386
64$6,369,213$4,028,973$3,504,971$6,201,056
65$6,987,760$4,195,279$3,591,273$6,736,458
66$7,668,417$4,368,754$3,679,487$7,323,249
67$8,417,491$4,549,718$3,769,645$7,966,558
68$9,241,928$4,738,507$3,861,781$8,672,035
69$10,149,381$4,935,471$3,955,928$9,445,899
70$11,148,286$5,140,976$4,052,119$10,295,000
71$12,247,934$5,355,407$4,150,387$11,226,883
72$13,458,565$5,579,164$4,250,768$12,249,857
73$14,791,463$5,812,668$4,353,293$13,373,072
74$16,259,061$6,056,357$4,457,997$14,606,607
75$17,875,058$6,310,692$4,564,913$15,961,566
76$19,654,551$6,576,152$4,674,074$17,450,176
77$21,614,173$6,853,241$4,785,513$19,085,908
78$23,772,254$7,142,486$4,899,264$20,883,599
79$26,148,994$7,444,437$5,015,358$22,859,595
80$28,766,647$7,759,671$5,133,829$25,031,899
81$31,649,741$8,088,790$5,254,708$27,420,349
82$34,825,300$8,432,427$5,378,026$30,046,793
83$38,323,106$8,791,241$5,503,816$32,935,304
84$42,175,975$9,165,924$5,632,106$36,112,402
85$46,420,070$9,557,200$5,762,927$39,607,303
86$51,095,241$9,965,826$5,896,308$43,452,195
87$56,245,399$10,392,595$6,032,278$47,682,539
88$61,918,934$10,838,337$6,170,864$52,337,406
89$68,169,170$11,303,920$6,312,092$57,459,842
90$75,054,866$11,790,253$6,455,989$63,097,272
91$82,640,776$12,298,288$6,602,577$69,301,949
92$90,998,253$12,829,022$6,751,882$76,131,446
93$100,205,928$13,383,498$6,903,924$83,649,195
94$110,350,451$13,962,808$7,058,723$91,925,089
95$121,527,306$14,568,094$7,216,299$101,036,134
96$133,841,715$15,200,555$7,376,669$111,067,181
97$147,409,630$15,861,443$7,539,848$122,111,721
98$162,358,829$16,552,070$7,705,849$134,272,767
99$178,830,119$17,273,810$7,874,684$147,663,826
100$196,978,667$18,028,103$8,046,362$162,409,967