Can I retire at age 56 with 807,000?

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 $807,000?

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%
1 years$66,641$66,048$65,469$64,903$64,351$62,745
2 years$32,991$32,376$31,781$31,203$30,643$29,035
3 years$21,775$21,158$20,564$19,992$19,441$17,881
4 years$16,169$15,554$14,966$14,403$13,866$12,366
5 years$12,806$12,194$11,614$11,063$10,541$9,106
6 years$10,564$9,957$9,386$8,847$8,340$6,972
7 years$8,964$8,362$7,800$7,274$6,783$5,480
8 years$7,764$7,168$6,615$6,102$5,627$4,390
9 years$6,832$6,241$5,697$5,197$4,739$3,566
10 years$6,086$5,501$4,967$4,480$4,038$2,928
11 years$5,476$4,897$4,373$3,899$3,473$2,425
12 years$4,969$4,396$3,881$3,420$3,009$2,021
13 years$4,539$3,972$3,467$3,019$2,624$1,694
14 years$4,172$3,611$3,115$2,680$2,300$1,426
15 years$3,854$3,298$2,813$2,390$2,025$1,205
16 years$3,575$3,026$2,550$2,140$1,790$1,021
17 years$3,330$2,787$2,321$1,923$1,587$867
18 years$3,112$2,575$2,118$1,733$1,411$738
19 years$2,918$2,387$1,939$1,566$1,258$629
20 years$2,743$2,218$1,780$1,418$1,124$537
21 years$2,585$2,066$1,637$1,287$1,005$459
22 years$2,441$1,929$1,509$1,170$901$393
23 years$2,310$1,804$1,393$1,066$809$337
24 years$2,191$1,690$1,288$972$727$289
25 years$2,081$1,586$1,193$888$654$248
26 years$1,979$1,491$1,107$812$589$213
27 years$1,885$1,403$1,028$743$531$183
28 years$1,799$1,322$955$681$479$157
29 years$1,718$1,247$889$624$433$135
30 years$1,643$1,178$828$573$391$116
31 years$1,572$1,113$772$526$354$100
32 years$1,507$1,053$720$484$320$86
33 years$1,445$998$673$445$290$74
34 years$1,387$945$628$409$262$64
35 years$1,333$897$588$377$237$55
36 years$1,282$851$550$347$215$47
37 years$1,233$808$514$320$195$40
38 years$1,188$768$482$295$177$35
39 years$1,144$731$451$272$160$30
40 years$1,103$695$423$251$145$26
41 years$1,064$662$397$231$132$22
42 years$1,027$630$372$213$120$19
43 years$992$600$349$197$109$16
44 years$959$572$328$182$99$14
45 years$927$546$308$168$90$12
46 years$897$521$289$155$81$11
47 years$868$497$272$143$74$9
48 years$840$474$255$132$67$8
49 years$813$453$240$122$61$7
50 years$788$433$225$113$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $807,000, adding $5,537 every year, while hoping to spend $23,443 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: 54/20/26 Blend
55$807,000$807,000$807,000$807,000
56$895,025$852,254$839,746$936,643
57$961,375$869,072$842,934$982,767
58$1,033,706$885,927$845,444$1,030,078
59$1,112,605$902,798$847,227$1,081,107
60$1,198,715$919,660$848,233$1,136,220
61$1,292,747$936,486$848,412$1,195,817
62$1,395,480$953,247$847,706$1,260,344
63$1,507,774$969,911$846,060$1,330,289
64$1,630,576$986,446$843,412$1,406,193
65$1,764,927$1,002,814$839,699$1,488,651
66$1,911,976$1,018,978$834,854$1,578,320
67$2,072,984$1,034,895$828,809$1,675,925
68$2,249,344$1,050,520$821,490$1,782,263
69$2,442,588$1,065,806$812,820$1,898,217
70$2,654,402$1,080,701$802,720$2,024,759
71$2,886,646$1,095,150$791,106$2,162,960
72$3,141,366$1,109,095$777,890$2,314,002
73$3,420,815$1,122,471$762,980$2,479,189
74$3,727,479$1,135,212$746,280$2,659,958
75$4,064,090$1,147,246$727,689$2,857,896
76$4,433,663$1,158,497$707,102$3,074,752
77$4,839,517$1,168,883$684,410$3,312,452
78$5,285,306$1,178,317$659,496$3,573,124
79$5,775,058$1,186,706$632,240$3,859,113
80$6,313,211$1,193,951$602,517$4,173,005
81$6,904,652$1,199,948$570,195$4,517,651
82$7,554,766$1,204,585$535,136$4,896,194
83$8,269,486$1,207,743$497,197$5,312,103
84$9,055,347$1,209,296$456,227$5,769,200
85$9,919,551$1,209,110$412,069$6,271,699
86$10,870,031$1,207,043$364,559$6,824,248
87$11,915,529$1,202,942$313,526$7,431,972
88$13,065,675$1,196,649$258,792$8,100,520
89$14,331,082$1,187,992$200,169$8,836,120
90$15,723,440$1,176,792$137,462$9,645,641
91$17,255,632$1,162,856$70,468$10,536,653
92$18,941,852$1,145,981$0$11,517,504
93$20,797,740$1,125,954$0$12,597,680
94$22,840,530$1,102,546$0$13,807,924
95$25,089,208$1,075,515$0$15,139,914
96$27,564,699$1,044,606$0$16,606,046
97$30,290,056$1,009,550$0$18,219,982
98$33,290,682$970,058$0$19,996,780
99$36,594,571$925,830$0$21,953,032
100$40,232,565$876,544$0$24,107,025