Can I retire at age 56 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$67,054$66,457$65,874$65,305$64,750$63,809
2 years$33,195$32,577$31,978$31,397$30,833$29,887
3 years$21,910$21,289$20,692$20,116$19,562$18,640
4 years$16,269$15,650$15,058$14,493$13,952$13,061
5 years$12,885$12,270$11,686$11,132$10,606$9,749
6 years$10,630$10,019$9,444$8,902$8,392$7,571
7 years$9,020$8,414$7,848$7,319$6,825$6,039
8 years$7,812$7,212$6,656$6,140$5,662$4,911
9 years$6,874$6,280$5,733$5,230$4,768$4,052
10 years$6,124$5,535$4,998$4,508$4,063$3,381
11 years$5,510$4,928$4,400$3,923$3,494$2,846
12 years$5,000$4,423$3,905$3,441$3,028$2,413
13 years$4,568$3,997$3,489$3,038$2,640$2,057
14 years$4,198$3,633$3,135$2,697$2,315$1,762
15 years$3,877$3,319$2,830$2,405$2,038$1,516
16 years$3,597$3,045$2,566$2,154$1,801$1,308
17 years$3,351$2,804$2,335$1,935$1,597$1,132
18 years$3,132$2,591$2,131$1,744$1,420$982
19 years$2,936$2,402$1,951$1,576$1,266$854
20 years$2,760$2,232$1,791$1,427$1,131$743
21 years$2,601$2,079$1,647$1,295$1,012$648
22 years$2,456$1,940$1,518$1,178$907$566
23 years$2,325$1,815$1,402$1,072$814$495
24 years$2,204$1,700$1,296$978$732$433
25 years$2,093$1,596$1,201$893$658$379
26 years$1,991$1,500$1,114$817$593$332
27 years$1,897$1,411$1,034$748$535$292
28 years$1,810$1,330$961$685$482$256
29 years$1,729$1,255$895$628$436$225
30 years$1,653$1,185$833$576$394$197
31 years$1,582$1,120$777$529$356$173
32 years$1,516$1,060$725$487$322$152
33 years$1,454$1,004$677$447$291$134
34 years$1,396$951$632$412$264$118
35 years$1,341$902$591$379$239$104
36 years$1,290$856$553$349$216$91
37 years$1,241$813$518$322$196$80
38 years$1,195$773$485$296$178$71
39 years$1,151$735$454$273$161$62
40 years$1,110$699$426$252$146$55
41 years$1,071$666$399$233$133$48
42 years$1,034$634$374$215$120$42
43 years$998$604$351$198$109$37
44 years$965$576$330$183$99$33
45 years$933$549$310$169$90$29
46 years$902$524$291$156$82$26
47 years$873$500$273$144$74$22
48 years$845$477$257$133$67$20
49 years$818$456$241$123$61$17
50 years$793$435$227$114$56$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $812,000, adding $5,786 every year, while hoping to spend $51,571 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: 53/42/5 Blend
55$812,000$812,000$812,000$812,000
56$900,792$857,756$845,170$947,246
57$937,802$844,915$818,612$966,475
58$976,858$829,716$789,436$981,214
59$1,018,115$811,990$757,500$995,986
60$1,061,741$791,556$722,655$1,010,803
61$1,107,921$768,224$684,745$1,025,681
62$1,156,853$741,792$643,609$1,040,639
63$1,208,759$712,046$599,076$1,055,702
64$1,263,876$678,760$550,970$1,070,902
65$1,322,469$641,697$499,104$1,086,278
66$1,384,822$600,601$443,286$1,101,875
67$1,451,251$555,208$383,313$1,117,749
68$1,522,098$505,233$318,973$1,133,965
69$1,597,741$450,378$250,048$1,150,601
70$1,678,592$390,327$176,305$1,167,746
71$1,765,102$324,748$97,506$1,185,506
72$1,857,769$253,286$13,398$1,204,001
73$1,957,135$175,571$0$1,223,373
74$2,063,797$91,208$0$1,247,857
75$2,178,411$0$0$1,274,590
76$2,301,694$0$0$1,303,185
77$2,434,437$0$0$1,379,419
78$2,577,505$0$0$1,461,643
79$2,731,852$0$0$1,550,411
80$2,898,521$0$0$1,646,334
81$3,078,664$0$0$1,750,081
82$3,273,543$0$0$1,862,389
83$3,484,547$0$0$1,984,066
84$3,713,202$0$0$2,116,004
85$3,961,186$0$0$2,259,181
86$4,230,346$0$0$2,414,673
87$4,522,711$0$0$2,583,665
88$4,840,515$0$0$2,767,458
89$5,186,214$0$0$2,967,487
90$5,562,511$0$0$3,185,328
91$5,972,381$0$0$3,422,716
92$6,419,096$0$0$3,681,561
93$6,906,259$0$0$3,963,964
94$7,437,833$0$0$4,272,239
95$8,018,182$0$0$4,608,933
96$8,652,110$0$0$4,976,849
97$9,344,905$0$0$5,379,073
98$10,102,389$0$0$5,819,004
99$10,930,973$0$0$6,300,382
100$11,837,712$0$0$6,827,328