Can I retire at age 56 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$232,047$229,980$227,964$225,995$224,073$218,568
2 years$114,875$112,735$110,662$108,652$106,702$101,189
3 years$75,822$73,674$71,606$69,614$67,696$62,348
4 years$56,300$54,158$52,111$50,153$48,281$43,140
5 years$44,590$42,461$40,440$38,522$36,703$31,782
6 years$36,785$34,672$32,681$30,807$29,042$24,346
7 years$31,213$29,118$27,158$25,328$23,619$19,149
8 years$27,036$24,959$23,033$21,247$19,594$15,349
9 years$23,788$21,732$19,838$18,098$16,501$12,476
10 years$21,192$19,155$17,295$15,600$14,060$10,251
11 years$19,069$17,053$15,226$13,577$12,092$8,494
12 years$17,301$15,306$13,513$11,909$10,478$7,085
13 years$15,807$13,832$12,073$10,514$9,137$5,942
14 years$14,527$12,573$10,848$9,333$8,010$5,005
15 years$13,418$11,485$9,794$8,323$7,052$4,231
16 years$12,449$10,538$8,880$7,453$6,233$3,587
17 years$11,595$9,705$8,080$6,696$5,527$3,050
18 years$10,837$8,968$7,376$6,035$4,914$2,598
19 years$10,159$8,311$6,752$5,453$4,380$2,217
20 years$9,550$7,723$6,197$4,938$3,912$1,894
21 years$9,000$7,194$5,700$4,482$3,501$1,621
22 years$8,500$6,715$5,254$4,075$3,138$1,388
23 years$8,045$6,281$4,851$3,711$2,817$1,190
24 years$7,628$5,884$4,486$3,385$2,532$1,021
25 years$7,245$5,522$4,155$3,091$2,278$877
26 years$6,892$5,190$3,854$2,827$2,052$753
27 years$6,565$4,884$3,578$2,587$1,850$648
28 years$6,263$4,603$3,327$2,370$1,670$557
29 years$5,982$4,342$3,096$2,174$1,508$479
30 years$5,720$4,101$2,883$1,995$1,362$412
31 years$5,475$3,876$2,688$1,832$1,232$355
32 years$5,247$3,668$2,508$1,684$1,114$305
33 years$5,032$3,474$2,342$1,548$1,008$263
34 years$4,831$3,292$2,188$1,425$913$226
35 years$4,641$3,123$2,046$1,312$827$195
36 years$4,463$2,964$1,914$1,208$749$168
37 years$4,294$2,815$1,791$1,113$679$145
38 years$4,135$2,675$1,677$1,026$616$125
39 years$3,985$2,544$1,572$946$558$107
40 years$3,842$2,420$1,473$872$506$93
41 years$3,706$2,304$1,381$805$459$80
42 years$3,578$2,194$1,296$743$417$69
43 years$3,455$2,090$1,216$686$378$59
44 years$3,339$1,993$1,141$633$343$51
45 years$3,228$1,900$1,072$585$312$44
46 years$3,122$1,813$1,006$540$283$38
47 years$3,021$1,730$946$499$257$33
48 years$2,924$1,651$889$461$233$28
49 years$2,832$1,577$835$426$212$24
50 years$2,744$1,506$785$394$193$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,810,000, adding $2,081 every year, while hoping to spend $24,636 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: 45/31/24 Blend
55$2,810,000$2,810,000$2,810,000$2,810,000
56$3,098,767$2,949,837$2,906,282$3,216,661
57$3,388,628$3,068,166$2,977,429$3,418,491
58$3,707,230$3,191,468$3,050,135$3,634,674
59$4,057,478$3,319,960$3,124,425$3,868,631
60$4,442,572$3,453,870$3,200,325$4,122,033
61$4,866,040$3,593,435$3,277,861$4,396,710
62$5,331,766$3,738,903$3,357,060$4,694,678
63$5,844,033$3,890,536$3,437,948$5,018,151
64$6,407,556$4,048,604$3,520,551$5,369,561
65$7,027,533$4,213,392$3,604,895$5,751,587
66$7,709,689$4,385,196$3,691,007$6,167,169
67$8,460,333$4,564,326$3,778,912$6,619,545
68$9,286,417$4,751,109$3,868,635$7,112,273
69$10,195,601$4,945,882$3,960,204$7,649,268
70$11,196,323$5,149,001$4,053,641$8,234,837
71$12,297,883$5,360,837$4,148,973$8,873,720
72$13,510,528$5,581,779$4,246,225$9,571,128
73$14,845,547$5,812,232$4,345,419$10,332,800
74$16,315,382$6,052,620$4,446,580$11,165,050
75$17,933,742$6,303,389$4,549,731$12,074,824
76$19,715,731$6,565,003$4,654,894$13,069,771
77$21,677,995$6,837,947$4,762,093$14,158,309
78$23,838,874$7,122,730$4,871,346$15,349,703
79$26,218,580$7,419,884$4,982,677$16,654,154
80$28,839,381$7,729,965$5,096,103$18,082,892
81$31,725,820$8,053,555$5,211,644$19,648,280
82$34,904,936$8,391,262$5,329,317$21,363,931
83$38,406,530$8,743,725$5,449,140$23,244,834
84$42,263,438$9,111,608$5,571,127$25,307,491
85$46,511,842$9,495,611$5,695,293$27,570,079
86$51,191,616$9,896,461$5,821,651$30,052,609
87$56,346,696$10,314,924$5,950,213$32,777,122
88$62,025,502$10,751,798$6,080,987$35,767,891
89$68,281,386$11,207,919$6,213,983$39,051,648
90$75,173,143$11,684,162$6,349,207$42,657,834
91$82,765,561$12,181,444$6,486,663$46,618,879
92$91,130,036$12,700,722$6,626,354$50,970,499
93$100,345,242$13,243,000$6,768,280$55,752,035
94$110,497,878$13,809,328$6,912,438$61,006,823
95$121,683,481$14,400,805$7,058,824$66,782,595
96$134,007,332$15,018,581$7,207,431$73,131,934
97$147,585,449$15,663,860$7,358,249$80,112,760
98$162,545,679$16,337,903$7,511,264$87,788,881
99$179,028,907$17,042,029$7,666,460$96,230,588
100$197,190,387$17,777,620$7,823,818$105,515,313