Can I retire at age 56 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$66,972$66,375$65,793$65,225$64,670$63,442
2 years$33,154$32,537$31,938$31,358$30,795$29,563
3 years$21,883$21,263$20,666$20,091$19,538$18,340
4 years$16,249$15,631$15,040$14,475$13,935$12,780
5 years$12,869$12,255$11,671$11,118$10,593$9,484
6 years$10,617$10,007$9,432$8,891$8,382$7,321
7 years$9,008$8,404$7,838$7,310$6,817$5,804
8 years$7,803$7,204$6,647$6,132$5,655$4,690
9 years$6,866$6,272$5,725$5,223$4,762$3,845
10 years$6,116$5,528$4,992$4,502$4,058$3,186
11 years$5,504$4,922$4,395$3,918$3,490$2,664
12 years$4,993$4,417$3,900$3,437$3,024$2,242
13 years$4,562$3,992$3,484$3,034$2,637$1,898
14 years$4,193$3,629$3,131$2,694$2,312$1,614
15 years$3,873$3,315$2,827$2,402$2,035$1,378
16 years$3,593$3,041$2,563$2,151$1,799$1,180
17 years$3,347$2,801$2,332$1,933$1,595$1,013
18 years$3,128$2,588$2,129$1,742$1,418$872
19 years$2,932$2,399$1,949$1,574$1,264$752
20 years$2,756$2,229$1,789$1,425$1,129$649
21 years$2,597$2,076$1,645$1,294$1,010$562
22 years$2,453$1,938$1,516$1,176$906$486
23 years$2,322$1,813$1,400$1,071$813$422
24 years$2,201$1,698$1,295$977$731$366
25 years$2,091$1,594$1,199$892$658$318
26 years$1,989$1,498$1,112$816$592$276
27 years$1,895$1,410$1,033$747$534$240
28 years$1,808$1,328$960$684$482$209
29 years$1,726$1,253$893$627$435$181
30 years$1,651$1,183$832$576$393$158
31 years$1,580$1,119$776$529$355$138
32 years$1,514$1,059$724$486$322$120
33 years$1,452$1,003$676$447$291$104
34 years$1,394$950$632$411$263$91
35 years$1,340$901$590$379$239$79
36 years$1,288$855$552$349$216$69
37 years$1,239$812$517$321$196$60
38 years$1,193$772$484$296$178$53
39 years$1,150$734$454$273$161$46
40 years$1,109$698$425$252$146$40
41 years$1,070$665$399$232$133$35
42 years$1,033$633$374$214$120$30
43 years$997$603$351$198$109$26
44 years$964$575$329$183$99$23
45 years$932$548$309$169$90$20
46 years$901$523$290$156$82$18
47 years$872$499$273$144$74$15
48 years$844$477$256$133$67$13
49 years$817$455$241$123$61$12
50 years$792$435$227$114$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $811,000, adding $6,157 every year, while hoping to spend $22,531 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: 35/40/25 Blend
55$811,000$811,000$811,000$811,000
56$900,073$857,090$844,519$924,591
57$967,908$875,115$848,838$961,365
58$1,041,906$893,267$852,546$998,529
59$1,122,674$911,530$855,600$1,038,183
60$1,210,876$929,885$857,952$1,080,563
61$1,307,246$948,310$859,554$1,125,931
62$1,412,591$966,783$860,355$1,174,576
63$1,527,800$985,280$860,301$1,226,815
64$1,653,850$1,003,773$859,336$1,283,001
65$1,791,819$1,022,235$857,400$1,343,521
66$1,942,893$1,040,633$854,431$1,408,805
67$2,108,379$1,058,934$850,365$1,479,325
68$2,289,714$1,077,102$845,133$1,555,603
69$2,488,483$1,095,099$838,663$1,638,216
70$2,706,431$1,112,881$830,881$1,727,799
71$2,945,480$1,130,405$821,708$1,825,055
72$3,207,746$1,147,622$811,063$1,930,759
73$3,495,560$1,164,480$798,858$2,045,765
74$3,811,491$1,180,923$785,003$2,171,019
75$4,158,368$1,196,893$769,406$2,307,562
76$4,539,307$1,212,326$751,966$2,456,544
77$4,957,740$1,227,154$732,581$2,619,233
78$5,417,449$1,241,304$711,142$2,797,030
79$5,922,600$1,254,699$687,536$2,991,481
80$6,477,782$1,267,257$661,646$3,204,289
81$7,088,052$1,278,888$633,347$3,437,338
82$7,758,980$1,289,500$602,511$3,692,701
83$8,496,703$1,298,993$569,002$3,972,670
84$9,307,982$1,307,259$532,679$4,279,772
85$10,200,267$1,314,185$493,394$4,616,794
86$11,181,766$1,319,652$450,994$4,986,811
87$12,261,521$1,323,530$405,318$5,393,216
88$13,449,496$1,325,683$356,196$5,839,752
89$14,756,670$1,325,967$303,454$6,330,547
90$16,195,139$1,324,227$246,908$6,870,154
91$17,778,230$1,320,301$186,366$7,463,595
92$19,520,628$1,314,015$121,628$8,116,412
93$21,438,515$1,305,185$52,486$8,834,714
94$23,549,721$1,293,616$0$9,625,239
95$25,873,890$1,279,100$0$10,501,102
96$28,432,671$1,261,420$0$11,480,128
97$31,249,916$1,240,343$0$12,557,402
98$34,351,909$1,215,621$0$13,742,959
99$37,767,612$1,186,995$0$15,047,860
100$41,528,939$1,154,188$0$16,484,297