Can I retire at age 56 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$67,137$66,539$65,955$65,386$64,830$64,260
2 years$33,236$32,617$32,017$31,435$30,871$30,297
3 years$21,937$21,316$20,717$20,141$19,586$19,025
4 years$16,289$15,669$15,077$14,510$13,969$13,426
5 years$12,901$12,285$11,700$11,145$10,619$10,095
6 years$10,643$10,032$9,456$8,913$8,402$7,898
7 years$9,031$8,424$7,858$7,328$6,833$6,350
8 years$7,822$7,221$6,664$6,147$5,669$5,205
9 years$6,883$6,287$5,740$5,236$4,774$4,331
10 years$6,131$5,542$5,004$4,514$4,068$3,644
11 years$5,517$4,934$4,405$3,928$3,498$3,094
12 years$5,006$4,428$3,910$3,446$3,032$2,647
13 years$4,573$4,002$3,493$3,042$2,644$2,277
14 years$4,203$3,638$3,138$2,700$2,317$1,969
15 years$3,882$3,323$2,834$2,408$2,040$1,710
16 years$3,602$3,049$2,569$2,156$1,803$1,490
17 years$3,355$2,808$2,338$1,937$1,599$1,302
18 years$3,135$2,595$2,134$1,746$1,422$1,141
19 years$2,939$2,405$1,954$1,578$1,267$1,002
20 years$2,763$2,234$1,793$1,429$1,132$882
21 years$2,604$2,081$1,649$1,297$1,013$777
22 years$2,459$1,943$1,520$1,179$908$686
23 years$2,328$1,817$1,403$1,074$815$606
24 years$2,207$1,703$1,298$979$733$536
25 years$2,096$1,598$1,202$894$659$475
26 years$1,994$1,502$1,115$818$594$421
27 years$1,900$1,413$1,035$749$535$373
28 years$1,812$1,332$962$686$483$331
29 years$1,731$1,256$896$629$436$294
30 years$1,655$1,186$834$577$394$261
31 years$1,584$1,122$778$530$356$232
32 years$1,518$1,061$726$487$322$206
33 years$1,456$1,005$678$448$292$184
34 years$1,398$952$633$412$264$163
35 years$1,343$903$592$379$239$145
36 years$1,291$857$554$349$217$129
37 years$1,242$814$518$322$196$115
38 years$1,196$774$485$297$178$103
39 years$1,153$736$455$274$161$91
40 years$1,111$700$426$252$146$81
41 years$1,072$667$400$233$133$73
42 years$1,035$635$375$215$121$65
43 years$1,000$605$352$198$109$58
44 years$966$577$330$183$99$51
45 years$934$550$310$169$90$46
46 years$903$524$291$156$82$41
47 years$874$500$274$144$74$36
48 years$846$478$257$133$68$32
49 years$819$456$242$123$61$29
50 years$794$436$227$114$56$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $813,000, adding $6,610 every year, while hoping to spend $21,325 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: 83/10/7 Blend
55$813,000$813,000$813,000$813,000
56$902,744$859,655$847,054$976,535
57$972,134$879,089$852,740$1,045,166
58$1,047,888$898,760$857,903$1,116,957
59$1,130,631$918,657$862,501$1,195,126
60$1,221,053$938,769$866,493$1,280,300
61$1,319,914$959,083$869,834$1,373,169
62$1,428,050$979,582$872,478$1,474,493
63$1,546,381$1,000,251$874,375$1,585,107
64$1,675,920$1,021,073$875,476$1,705,935
65$1,817,785$1,042,026$875,725$1,837,991
66$1,973,204$1,063,090$875,067$1,982,392
67$2,143,531$1,084,242$873,442$2,140,371
68$2,330,256$1,105,455$870,787$2,313,285
69$2,535,023$1,126,702$867,039$2,502,626
70$2,759,638$1,147,954$862,128$2,710,042
71$3,006,095$1,169,177$855,983$2,937,346
72$3,276,586$1,190,337$848,528$3,186,536
73$3,573,530$1,211,396$839,686$3,459,813
74$3,899,589$1,232,312$829,373$3,759,601
75$4,257,694$1,253,043$817,505$4,088,573
76$4,651,077$1,273,540$803,989$4,449,672
77$5,083,296$1,293,753$788,733$4,846,141
78$5,558,273$1,313,628$771,636$5,281,553
79$6,080,327$1,333,105$752,596$5,759,847
80$6,654,216$1,352,123$731,503$6,285,359
81$7,285,184$1,370,615$708,246$6,862,871
82$7,979,005$1,388,508$682,705$7,497,649
83$8,742,044$1,405,725$654,757$8,195,498
84$9,581,313$1,422,186$624,271$8,962,812
85$10,504,536$1,437,802$591,113$9,806,638
86$11,520,224$1,452,480$555,141$10,734,741
87$12,637,756$1,466,120$516,207$11,755,678
88$13,867,463$1,478,616$474,156$12,878,877
89$15,220,731$1,489,855$428,827$14,114,729
90$16,710,105$1,499,717$380,052$15,474,683
91$18,349,405$1,508,073$327,653$16,971,354
92$20,153,863$1,514,787$271,448$18,618,646
93$22,140,259$1,519,714$211,244$20,431,879
94$24,327,085$1,522,699$146,840$22,427,935
95$26,734,715$1,523,579$78,027$24,625,419
96$29,385,601$1,522,180$4,585$27,044,832
97$32,304,482$1,518,316$0$29,708,766
98$35,518,617$1,511,791$0$32,647,628
99$39,058,045$1,502,398$0$35,884,066
100$42,955,866$1,489,915$0$39,447,988