Can I retire at age 56 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$67,632$67,030$66,442$65,868$65,308$64,788
2 years$33,481$32,858$32,253$31,667$31,099$30,575
3 years$22,099$21,473$20,870$20,290$19,731$19,218
4 years$16,409$15,785$15,188$14,618$14,072$13,576
5 years$12,996$12,376$11,787$11,228$10,697$10,219
6 years$10,721$10,106$9,525$8,979$8,464$8,004
7 years$9,097$8,487$7,916$7,382$6,884$6,441
8 years$7,880$7,275$6,713$6,193$5,711$5,287
9 years$6,933$6,334$5,782$5,275$4,809$4,403
10 years$6,177$5,583$5,041$4,547$4,098$3,710
11 years$5,558$4,970$4,438$3,957$3,524$3,154
12 years$5,043$4,461$3,938$3,471$3,054$2,701
13 years$4,607$4,031$3,519$3,064$2,663$2,327
14 years$4,234$3,664$3,162$2,720$2,335$2,015
15 years$3,911$3,348$2,855$2,426$2,055$1,752
16 years$3,628$3,071$2,588$2,172$1,817$1,529
17 years$3,380$2,829$2,355$1,952$1,611$1,338
18 years$3,159$2,614$2,150$1,759$1,432$1,174
19 years$2,961$2,422$1,968$1,589$1,277$1,032
20 years$2,784$2,251$1,806$1,439$1,140$910
21 years$2,623$2,097$1,661$1,306$1,020$803
22 years$2,477$1,957$1,531$1,188$915$710
23 years$2,345$1,831$1,414$1,082$821$628
24 years$2,223$1,715$1,308$987$738$556
25 years$2,112$1,610$1,211$901$664$493
26 years$2,009$1,513$1,123$824$598$438
27 years$1,914$1,424$1,043$754$539$389
28 years$1,825$1,341$970$691$487$346
29 years$1,743$1,266$902$634$439$308
30 years$1,667$1,195$840$581$397$274
31 years$1,596$1,130$783$534$359$244
32 years$1,529$1,069$731$491$325$217
33 years$1,467$1,012$683$451$294$193
34 years$1,408$960$638$415$266$172
35 years$1,353$910$596$382$241$154
36 years$1,301$864$558$352$218$137
37 years$1,252$820$522$324$198$122
38 years$1,205$780$489$299$179$109
39 years$1,161$741$458$276$163$97
40 years$1,120$705$429$254$148$87
41 years$1,080$671$403$235$134$78
42 years$1,043$639$378$216$121$69
43 years$1,007$609$354$200$110$62
44 years$973$581$333$185$100$55
45 years$941$554$312$170$91$49
46 years$910$528$293$157$82$44
47 years$880$504$276$145$75$39
48 years$852$481$259$134$68$35
49 years$825$460$243$124$62$31
50 years$800$439$229$115$56$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $819,000, adding $3,246 every year, while hoping to spend $53,460 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: 26/46/28 Blend
55$819,000$819,000$819,000$819,000
56$905,886$862,479$849,785$921,450
57$941,406$847,860$821,372$919,870
58$978,756$830,732$790,215$913,396
59$1,018,068$810,917$756,166$905,353
60$1,059,484$788,225$719,070$895,646
61$1,103,157$762,454$678,765$884,175
62$1,149,257$733,392$635,081$870,838
63$1,197,967$700,813$587,842$855,526
64$1,249,487$664,480$536,862$838,129
65$1,304,036$624,141$481,948$818,532
66$1,361,852$579,529$422,898$796,616
67$1,423,197$530,362$359,501$772,260
68$1,488,356$476,342$291,537$745,339
69$1,557,641$417,155$218,776$715,722
70$1,631,393$352,469$140,978$683,278
71$1,709,987$281,932$57,893$647,873
72$1,793,831$205,172$0$609,369
73$1,883,374$121,798$0$576,820
74$1,979,108$31,395$0$559,947
75$2,081,570$0$0$541,379
76$2,191,353$0$0$554,708
77$2,309,103$0$0$586,141
78$2,435,533$0$0$619,989
79$2,571,421$0$0$656,472
80$2,717,626$0$0$695,833
81$2,875,086$0$0$738,340
82$3,044,836$0$0$784,285
83$3,228,010$0$0$833,993
84$3,425,855$0$0$887,816
85$3,639,740$0$0$946,145
86$3,871,172$0$0$1,009,408
87$4,121,805$0$0$1,078,077
88$4,393,459$0$0$1,152,670
89$4,688,137$0$0$1,233,757
90$5,008,037$0$0$1,321,966
91$5,355,581$0$0$1,417,987
92$5,733,432$0$0$1,522,579
93$6,144,518$0$0$1,636,579
94$6,592,062$0$0$1,760,905
95$7,079,612$0$0$1,896,570
96$7,611,069$0$0$2,044,689
97$8,190,728$0$0$2,206,488
98$8,823,318$0$0$2,383,317
99$9,514,042$0$0$2,576,664
100$10,268,628$0$0$2,788,165