Can I retire at age 56 with 825,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$68,128$67,521$66,929$66,351$65,787$64,564
2 years$33,727$33,098$32,490$31,899$31,327$30,100
3 years$22,261$21,630$21,023$20,438$19,875$18,682
4 years$16,529$15,900$15,299$14,725$14,175$13,024
5 years$13,091$12,466$11,873$11,310$10,776$9,671
6 years$10,800$10,180$9,595$9,045$8,526$7,469
7 years$9,164$8,549$7,974$7,436$6,934$5,925
8 years$7,938$7,328$6,762$6,238$5,753$4,791
9 years$6,984$6,380$5,824$5,313$4,845$3,929
10 years$6,222$5,624$5,078$4,580$4,128$3,258
11 years$5,599$5,007$4,470$3,986$3,550$2,726
12 years$5,080$4,494$3,967$3,496$3,076$2,296
13 years$4,641$4,061$3,545$3,087$2,683$1,945
14 years$4,265$3,691$3,185$2,740$2,352$1,655
15 years$3,940$3,372$2,875$2,444$2,071$1,414
16 years$3,655$3,094$2,607$2,188$1,830$1,211
17 years$3,404$2,849$2,372$1,966$1,623$1,041
18 years$3,182$2,633$2,166$1,772$1,443$897
19 years$2,983$2,440$1,982$1,601$1,286$774
20 years$2,804$2,267$1,819$1,450$1,149$669
21 years$2,642$2,112$1,674$1,316$1,028$579
22 years$2,496$1,972$1,542$1,196$921$502
23 years$2,362$1,844$1,424$1,090$827$435
24 years$2,239$1,728$1,317$994$743$378
25 years$2,127$1,621$1,220$908$669$328
26 years$2,023$1,524$1,131$830$603$285
27 years$1,928$1,434$1,051$760$543$248
28 years$1,839$1,351$977$696$490$216
29 years$1,756$1,275$909$638$443$188
30 years$1,679$1,204$847$586$400$164
31 years$1,608$1,138$789$538$362$143
32 years$1,540$1,077$736$494$327$125
33 years$1,477$1,020$688$455$296$109
34 years$1,418$967$642$418$268$95
35 years$1,363$917$601$385$243$83
36 years$1,310$870$562$355$220$72
37 years$1,261$826$526$327$199$63
38 years$1,214$785$492$301$181$55
39 years$1,170$747$461$278$164$48
40 years$1,128$711$432$256$149$42
41 years$1,088$676$406$236$135$36
42 years$1,050$644$380$218$122$32
43 years$1,014$614$357$201$111$28
44 years$980$585$335$186$101$24
45 years$948$558$315$172$92$21
46 years$917$532$295$159$83$18
47 years$887$508$278$147$75$16
48 years$859$485$261$135$69$14
49 years$831$463$245$125$62$12
50 years$805$442$231$116$57$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $825,000, adding $4,507 every year, while hoping to spend $58,318 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: 43/40/17 Blend
55$825,000$825,000$825,000$825,000
56$913,799$870,074$857,286$948,395
57$944,957$850,658$823,956$953,769
58$977,338$828,335$787,554$953,486
59$1,011,005$802,903$747,916$951,944
60$1,046,028$774,145$704,871$949,054
61$1,082,477$741,833$658,239$944,723
62$1,120,432$705,725$607,832$938,854
63$1,159,975$665,565$553,453$931,344
64$1,201,198$621,082$494,899$922,089
65$1,244,197$571,992$431,955$910,975
66$1,289,076$517,991$364,397$897,886
67$1,335,950$458,760$291,992$882,702
68$1,384,939$393,962$214,496$865,295
69$1,436,176$323,239$131,655$845,535
70$1,489,803$246,216$43,203$823,283
71$1,545,975$162,492$0$798,397
72$1,604,860$71,649$0$780,016
73$1,666,638$0$0$767,667
74$1,731,507$0$0$765,180
75$1,799,681$0$0$795,743
76$1,871,393$0$0$827,927
77$1,946,897$0$0$861,851
78$2,026,467$0$0$897,644
79$2,110,405$0$0$935,446
80$2,199,037$0$0$975,411
81$2,292,721$0$0$1,017,705
82$2,391,846$0$0$1,062,512
83$2,496,838$0$0$1,110,031
84$2,608,161$0$0$1,160,479
85$2,726,324$0$0$1,214,096
86$2,851,881$0$0$1,271,141
87$2,985,440$0$0$1,331,902
88$3,127,667$0$0$1,396,690
89$3,279,289$0$0$1,465,848
90$3,441,103$0$0$1,539,750
91$3,613,982$0$0$1,618,809
92$3,798,885$0$0$1,703,476
93$3,996,861$0$0$1,794,243
94$4,209,061$0$0$1,891,656
95$4,436,747$0$0$1,996,307
96$4,681,306$0$0$2,108,852
97$4,944,258$0$0$2,230,007
98$5,227,273$0$0$2,360,561
99$5,532,185$0$0$2,501,379
100$5,861,007$0$0$2,653,412