Can I retire at age 56 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$67,550$66,948$66,361$65,788$65,228$62,914
2 years$33,440$32,818$32,214$31,629$31,061$28,754
3 years$22,072$21,447$20,845$20,265$19,706$17,479
4 years$16,389$15,766$15,170$14,600$14,055$11,925
5 years$12,980$12,360$11,772$11,214$10,684$8,656
6 years$10,708$10,093$9,514$8,968$8,454$6,530
7 years$9,086$8,476$7,906$7,373$6,875$5,055
8 years$7,870$7,266$6,705$6,185$5,704$3,986
9 years$6,925$6,326$5,775$5,268$4,803$3,185
10 years$6,169$5,576$5,035$4,541$4,093$2,571
11 years$5,551$4,964$4,432$3,952$3,520$2,093
12 years$5,036$4,456$3,934$3,467$3,050$1,713
13 years$4,601$4,027$3,514$3,061$2,660$1,410
14 years$4,229$3,660$3,158$2,717$2,332$1,165
15 years$3,906$3,343$2,851$2,423$2,053$965
16 years$3,624$3,068$2,585$2,169$1,814$802
17 years$3,375$2,825$2,352$1,949$1,609$668
18 years$3,155$2,611$2,147$1,757$1,430$557
19 years$2,957$2,419$1,966$1,587$1,275$466
20 years$2,780$2,248$1,804$1,438$1,139$390
21 years$2,620$2,094$1,659$1,305$1,019$326
22 years$2,474$1,955$1,529$1,186$914$273
23 years$2,342$1,828$1,412$1,080$820$229
24 years$2,220$1,713$1,306$985$737$192
25 years$2,109$1,608$1,210$900$663$162
26 years$2,006$1,511$1,122$823$597$136
27 years$1,911$1,422$1,042$753$539$114
28 years$1,823$1,340$968$690$486$96
29 years$1,741$1,264$901$633$439$81
30 years$1,665$1,194$839$581$397$68
31 years$1,594$1,128$783$533$359$57
32 years$1,527$1,068$730$490$324$48
33 years$1,465$1,011$682$451$293$40
34 years$1,406$958$637$415$266$34
35 years$1,351$909$596$382$241$29
36 years$1,299$863$557$352$218$24
37 years$1,250$819$521$324$198$20
38 years$1,204$779$488$299$179$17
39 years$1,160$741$457$275$162$14
40 years$1,118$705$429$254$147$12
41 years$1,079$671$402$234$134$10
42 years$1,041$639$377$216$121$9
43 years$1,006$609$354$200$110$7
44 years$972$580$332$184$100$6
45 years$940$553$312$170$91$5
46 years$909$528$293$157$82$4
47 years$879$504$275$145$75$4
48 years$851$481$259$134$68$3
49 years$824$459$243$124$62$3
50 years$799$439$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $818,000, adding $2,915 every year, while hoping to spend $57,088 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: 48/24/28 Blend
55$818,000$818,000$818,000$818,000
56$904,443$861,089$848,410$940,504
57$935,955$842,541$816,090$947,619
58$968,768$821,171$780,775$949,510
59$1,002,954$796,780$742,303$950,458
60$1,038,591$769,158$700,506$950,402
61$1,075,764$738,083$655,209$949,280
62$1,114,562$703,320$606,229$947,029
63$1,155,083$664,618$553,373$943,581
64$1,197,432$621,715$496,442$938,868
65$1,241,724$574,333$435,227$932,819
66$1,288,082$522,177$369,509$925,364
67$1,336,638$464,936$299,059$916,429
68$1,387,539$402,281$223,641$905,937
69$1,440,940$333,865$143,005$893,814
70$1,497,011$259,320$56,892$879,981
71$1,555,939$178,260$0$864,362
72$1,617,923$90,273$0$857,335
73$1,683,184$0$0$867,183
74$1,751,958$0$0$878,241
75$1,824,505$0$0$915,088
76$1,901,109$0$0$954,033
77$1,982,076$0$0$995,237
78$2,067,745$0$0$1,038,877
79$2,158,482$0$0$1,085,145
80$2,254,689$0$0$1,134,251
81$2,356,804$0$0$1,186,427
82$2,465,308$0$0$1,241,923
83$2,580,724$0$0$1,301,017
84$2,703,627$0$0$1,364,009
85$2,834,646$0$0$1,431,231
86$2,974,469$0$0$1,503,044
87$3,123,851$0$0$1,579,846
88$3,283,619$0$0$1,662,071
89$3,454,678$0$0$1,750,197
90$3,638,023$0$0$1,844,748
91$3,834,746$0$0$1,946,298
92$4,046,041$0$0$2,055,478
93$4,273,224$0$0$2,172,980
94$4,517,736$0$0$2,299,565
95$4,781,160$0$0$2,436,066
96$5,065,235$0$0$2,583,402
97$5,371,873$0$0$2,742,580
98$5,703,173$0$0$2,914,708
99$6,061,441$0$0$3,101,003
100$6,449,214$0$0$3,302,804