diff --git a/.clippy.toml b/.clippy.toml
index fc3ef79a390..97dd653d334 100644
--- a/.clippy.toml
+++ b/.clippy.toml
@@ -1 +1 @@
-msrv = "1.54.0"  # MSRV
+msrv = "1.56.0"  # MSRV
diff --git a/.github/workflows/ci.yml b/.github/workflows/ci.yml
index bacec0041a4..e9ce379c37e 100644
--- a/.github/workflows/ci.yml
+++ b/.github/workflows/ci.yml
@@ -78,7 +78,7 @@ jobs:
         build: [msrv, wasm, wasm-wasi, debug, release]
         include:
           - build: msrv
-            rust: 1.54.0  # MSRV
+            rust: 1.56.0  # MSRV
             target: x86_64-unknown-linux-gnu
             features: full
           - build: wasm
@@ -122,7 +122,7 @@ jobs:
     - name: Install Rust
       uses: actions-rs/toolchain@v1
       with:
-        toolchain: 1.54.0  # MSRV
+        toolchain: 1.56.0  # MSRV
         profile: minimal
         override: true
     - uses: Swatinem/rust-cache@v1
@@ -172,7 +172,7 @@ jobs:
     - name: Install Rust
       uses: actions-rs/toolchain@v1
       with:
-        toolchain: 1.54.0  # MSRV
+        toolchain: 1.56.0  # MSRV
         profile: minimal
         override: true
         components: clippy
diff --git a/.github/workflows/rust-next.yml b/.github/workflows/rust-next.yml
index 6910a7f0c81..4a67ac6bd40 100644
--- a/.github/workflows/rust-next.yml
+++ b/.github/workflows/rust-next.yml
@@ -92,9 +92,9 @@ jobs:
     strategy:
       matrix:
         rust:
-        - 1.54.0  # MSRV
+        - 1.56.0  # MSRV
         - stable
-    continue-on-error: ${{ matrix.rust != '1.54.0' }}  # MSRV
+    continue-on-error: ${{ matrix.rust != '1.56.0' }}  # MSRV
     runs-on: ubuntu-latest
     steps:
     - name: Checkout repository
diff --git a/Cargo.toml b/Cargo.toml
index 4161f36c6c2..563fc681c1a 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -10,6 +10,7 @@ members = [
 [package]
 name = "clap"
 version = "3.1.18"
+rust-version = "1.56.0"  # MSRV
 description = "A simple to use, efficient, and full-featured Command Line Argument Parser"
 repository = "https://github.com/clap-rs/clap"
 documentation = "https://docs.rs/clap/"
diff --git a/Makefile b/Makefile
index a8a1acc54f6..19e9b8c757a 100644
--- a/Makefile
+++ b/Makefile
@@ -10,7 +10,7 @@ ifneq (${TOOLCHAIN_TARGET},)
   ARGS+=--target ${TOOLCHAIN_TARGET}
 endif
 
-MSRV?=1.54.0
+MSRV?=1.56.0
 
 _FEATURES = minimal default wasm full debug release
 _FEATURES_minimal = --no-default-features --features "std"
diff --git a/README.md b/README.md
index ee6d9f3d8c6..8d9d4398012 100644
--- a/README.md
+++ b/README.md
@@ -93,7 +93,7 @@ OPTIONS:
   - Leverage feature flags to keep to one active branch
   - Being under [WG-CLI](https://github.com/rust-cli/team/) to increase the bus factor
 - We follow semver and will wait about 6-9 months between major breaking changes
-- We will support the last two minor Rust releases (MSRV, currently 1.54.0)
+- We will support the last two minor Rust releases (MSRV, currently 1.56.0)
 
 While these aspirations can be at odds with fast build times and low binary
 size, we will still strive to keep these reasonable for the flexibility you