Can I retire at age 56 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$67,715$67,112$66,523$65,949$65,388$63,295
2 years$33,522$32,898$32,293$31,706$31,137$29,048
3 years$22,126$21,499$20,896$20,314$19,755$17,734
4 years$16,429$15,804$15,207$14,635$14,089$12,154
5 years$13,012$12,391$11,801$11,241$10,710$8,865
6 years$10,735$10,118$9,537$8,990$8,475$6,720
7 years$9,108$8,497$7,925$7,391$6,892$5,229
8 years$7,889$7,283$6,721$6,200$5,718$4,145
9 years$6,942$6,342$5,789$5,281$4,815$3,331
10 years$6,184$5,590$5,047$4,552$4,103$2,704
11 years$5,565$4,976$4,443$3,962$3,529$2,213
12 years$5,049$4,466$3,943$3,475$3,058$1,823
13 years$4,613$4,036$3,523$3,068$2,666$1,510
14 years$4,239$3,669$3,165$2,723$2,337$1,255
15 years$3,916$3,352$2,858$2,429$2,058$1,047
16 years$3,633$3,075$2,591$2,175$1,819$876
17 years$3,384$2,832$2,358$1,954$1,613$734
18 years$3,162$2,617$2,152$1,761$1,434$617
19 years$2,965$2,425$1,970$1,591$1,278$519
20 years$2,787$2,254$1,808$1,441$1,142$437
21 years$2,626$2,099$1,663$1,308$1,022$368
22 years$2,480$1,960$1,533$1,189$916$311
23 years$2,348$1,833$1,416$1,083$822$263
24 years$2,226$1,717$1,309$988$739$222
25 years$2,114$1,611$1,212$902$665$188
26 years$2,011$1,515$1,125$825$599$159
27 years$1,916$1,425$1,044$755$540$134
28 years$1,828$1,343$971$692$487$114
29 years$1,746$1,267$903$634$440$96
30 years$1,669$1,197$841$582$398$82
31 years$1,598$1,131$784$535$359$69
32 years$1,531$1,070$732$491$325$59
33 years$1,468$1,014$683$452$294$50
34 years$1,410$961$639$416$266$42
35 years$1,354$911$597$383$241$36
36 years$1,302$865$558$352$219$30
37 years$1,253$821$523$325$198$26
38 years$1,207$781$489$299$180$22
39 years$1,163$742$459$276$163$18
40 years$1,121$706$430$255$148$16
41 years$1,082$672$403$235$134$13
42 years$1,044$640$378$217$122$11
43 years$1,008$610$355$200$110$10
44 years$974$581$333$185$100$8
45 years$942$555$313$171$91$7
46 years$911$529$294$158$83$6
47 years$882$505$276$146$75$5
48 years$853$482$259$135$68$4
49 years$826$460$244$124$62$4
50 years$801$440$229$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $820,000, adding $3,168 every year, while hoping to spend $25,265 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: 55/23/22 Blend
55$820,000$820,000$820,000$820,000
56$906,908$863,448$850,738$951,189
57$972,531$878,875$852,356$997,306
58$1,044,000$894,211$853,181$1,044,575
59$1,121,886$909,426$853,161$1,095,513
60$1,206,816$924,485$852,239$1,150,480
61$1,299,479$939,352$850,356$1,209,871
62$1,400,634$953,989$847,452$1,274,125
63$1,511,119$968,355$843,462$1,343,723
64$1,631,854$982,405$838,319$1,419,196
65$1,763,851$996,091$831,950$1,501,133
66$1,908,227$1,009,362$824,284$1,590,179
67$2,066,210$1,022,165$815,241$1,687,049
68$2,239,152$1,034,440$804,740$1,792,529
69$2,428,544$1,046,125$792,697$1,907,489
70$2,636,024$1,057,154$779,022$2,032,887
71$2,863,401$1,067,457$763,621$2,169,779
72$3,112,662$1,076,957$746,397$2,319,330
73$3,386,001$1,085,575$727,248$2,482,826
74$3,685,828$1,093,223$706,066$2,661,685
75$4,014,804$1,099,812$682,740$2,857,470
76$4,375,855$1,105,244$657,153$3,071,907
77$4,772,207$1,109,416$629,183$3,306,896
78$5,207,412$1,112,217$598,700$3,564,537
79$5,685,384$1,113,532$565,573$3,847,142
80$6,210,434$1,113,236$529,660$4,157,263
81$6,787,311$1,111,197$490,817$4,497,714
82$7,421,247$1,107,276$448,889$4,871,596
83$8,118,005$1,101,324$403,718$5,282,333
84$8,883,937$1,093,184$355,138$5,733,696
85$9,726,037$1,082,688$302,974$6,229,846
86$10,652,013$1,069,661$247,044$6,775,371
87$11,670,358$1,053,913$187,159$7,375,330
88$12,790,426$1,035,247$123,121$8,035,300
89$14,022,527$1,013,452$54,723$8,761,432
90$15,378,018$988,304$0$9,560,506
91$16,869,413$959,567$0$10,444,288
92$18,510,498$926,992$0$11,430,720
93$20,316,468$890,313$0$12,516,086
94$22,304,060$849,251$0$13,710,464
95$24,491,719$803,509$0$15,024,961
96$26,899,768$752,774$0$16,471,818
97$29,550,599$696,715$0$18,064,528
98$32,468,887$634,981$0$19,817,961
99$35,681,820$567,202$0$21,748,506
100$39,219,358$492,987$0$23,874,226