Can I retire at age 56 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$67,302$66,702$66,118$65,547$64,989$62,534
2 years$33,318$32,697$32,096$31,513$30,947$28,502
3 years$21,991$21,368$20,768$20,191$19,634$17,276
4 years$16,329$15,708$15,114$14,546$14,003$11,750
5 years$12,933$12,315$11,729$11,173$10,645$8,503
6 years$10,669$10,056$9,479$8,935$8,423$6,393
7 years$9,053$8,445$7,877$7,346$6,850$4,932
8 years$7,841$7,239$6,680$6,162$5,683$3,875
9 years$6,899$6,303$5,754$5,249$4,786$3,085
10 years$6,146$5,556$5,016$4,525$4,078$2,481
11 years$5,531$4,946$4,416$3,938$3,507$2,011
12 years$5,018$4,439$3,919$3,454$3,039$1,640
13 years$4,584$4,012$3,502$3,049$2,650$1,344
14 years$4,213$3,647$3,146$2,707$2,323$1,106
15 years$3,892$3,331$2,841$2,414$2,045$913
16 years$3,611$3,056$2,575$2,162$1,808$755
17 years$3,363$2,815$2,344$1,942$1,603$626
18 years$3,143$2,601$2,139$1,750$1,425$520
19 years$2,947$2,411$1,958$1,581$1,270$433
20 years$2,770$2,240$1,797$1,432$1,135$360
21 years$2,610$2,086$1,653$1,300$1,015$300
22 years$2,465$1,948$1,524$1,182$910$250
23 years$2,333$1,822$1,407$1,076$817$209
24 years$2,212$1,707$1,301$982$734$175
25 years$2,101$1,602$1,205$897$661$146
26 years$1,999$1,505$1,118$820$595$122
27 years$1,904$1,417$1,038$750$537$102
28 years$1,816$1,335$965$688$484$85
29 years$1,735$1,259$898$630$437$71
30 years$1,659$1,189$836$579$395$60
31 years$1,588$1,124$780$531$357$50
32 years$1,522$1,064$727$488$323$42
33 years$1,460$1,007$679$449$292$35
34 years$1,401$955$635$413$265$29
35 years$1,346$906$593$380$240$25
36 years$1,294$860$555$350$217$21
37 years$1,246$816$520$323$197$17
38 years$1,199$776$487$298$179$14
39 years$1,156$738$456$274$162$12
40 years$1,114$702$427$253$147$10
41 years$1,075$668$401$233$133$8
42 years$1,038$636$376$215$121$7
43 years$1,002$606$353$199$110$6
44 years$968$578$331$184$100$5
45 years$936$551$311$170$90$4
46 years$905$526$292$157$82$3
47 years$876$502$274$145$75$3
48 years$848$479$258$134$68$2
49 years$821$457$242$124$61$2
50 years$796$437$228$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $815,000, adding $2,060 every year, while hoping to spend $59,373 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: 36/38/26 Blend
55$815,000$815,000$815,000$815,000
56$900,255$857,060$844,427$925,560
57$928,908$835,883$809,543$923,295
58$958,495$811,679$771,501$915,289
59$989,046$784,237$730,131$905,485
60$1,020,597$753,332$685,258$893,761
61$1,053,181$718,729$636,698$879,986
62$1,086,837$680,178$584,259$864,024
63$1,121,602$637,414$527,739$845,730
64$1,157,516$590,158$466,928$824,954
65$1,194,620$538,113$401,608$801,534
66$1,232,959$480,969$331,550$775,303
67$1,272,578$418,393$256,514$746,082
68$1,313,524$350,038$176,250$713,685
69$1,355,848$275,534$90,499$677,914
70$1,399,602$194,493$0$638,563
71$1,444,841$106,502$0$595,693
72$1,491,622$11,128$0$575,605
73$1,540,007$0$0$553,008
74$1,590,058$0$0$566,239
75$1,641,842$0$0$584,749
76$1,695,431$0$0$603,911
77$1,750,899$0$0$623,752
78$1,808,325$0$0$644,302
79$1,867,791$0$0$665,590
80$1,929,386$0$0$687,651
81$1,993,203$0$0$710,519
82$2,059,340$0$0$734,229
83$2,127,902$0$0$758,823
84$2,199,000$0$0$784,340
85$2,272,753$0$0$810,826
86$2,349,287$0$0$838,328
87$2,428,736$0$0$866,896
88$2,511,243$0$0$896,584
89$2,596,961$0$0$927,450
90$2,686,053$0$0$959,556
91$2,778,696$0$0$992,968
92$2,875,076$0$0$1,027,758
93$2,975,395$0$0$1,064,002
94$3,079,868$0$0$1,101,783
95$3,188,730$0$0$1,141,188
96$3,302,228$0$0$1,182,314
97$3,420,633$0$0$1,225,264
98$3,544,235$0$0$1,270,148
99$3,673,348$0$0$1,317,088
100$3,808,309$0$0$1,366,214