Can I retire at age 56 with 825,000?

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 $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%15.6%
1 years$68,128$67,521$66,929$66,351$65,787$64,275
2 years$33,727$33,098$32,490$31,899$31,327$29,812
3 years$22,261$21,630$21,023$20,438$19,875$18,404
4 years$16,529$15,900$15,299$14,725$14,175$12,760
5 years$13,091$12,466$11,873$11,310$10,776$9,420
6 years$10,800$10,180$9,595$9,045$8,526$7,232
7 years$9,164$8,549$7,974$7,436$6,934$5,701
8 years$7,938$7,328$6,762$6,238$5,753$4,580
9 years$6,984$6,380$5,824$5,313$4,845$3,732
10 years$6,222$5,624$5,078$4,580$4,128$3,074
11 years$5,599$5,007$4,470$3,986$3,550$2,554
12 years$5,080$4,494$3,967$3,496$3,076$2,136
13 years$4,641$4,061$3,545$3,087$2,683$1,796
14 years$4,265$3,691$3,185$2,740$2,352$1,517
15 years$3,940$3,372$2,875$2,444$2,071$1,286
16 years$3,655$3,094$2,607$2,188$1,830$1,093
17 years$3,404$2,849$2,372$1,966$1,623$932
18 years$3,182$2,633$2,166$1,772$1,443$796
19 years$2,983$2,440$1,982$1,601$1,286$682
20 years$2,804$2,267$1,819$1,450$1,149$584
21 years$2,642$2,112$1,674$1,316$1,028$501
22 years$2,496$1,972$1,542$1,196$921$431
23 years$2,362$1,844$1,424$1,090$827$371
24 years$2,239$1,728$1,317$994$743$319
25 years$2,127$1,621$1,220$908$669$275
26 years$2,023$1,524$1,131$830$603$237
27 years$1,928$1,434$1,051$760$543$204
28 years$1,839$1,351$977$696$490$176
29 years$1,756$1,275$909$638$443$152
30 years$1,679$1,204$847$586$400$131
31 years$1,608$1,138$789$538$362$113
32 years$1,540$1,077$736$494$327$98
33 years$1,477$1,020$688$455$296$85
34 years$1,418$967$642$418$268$73
35 years$1,363$917$601$385$243$63
36 years$1,310$870$562$355$220$55
37 years$1,261$826$526$327$199$47
38 years$1,214$785$492$301$181$41
39 years$1,170$747$461$278$164$35
40 years$1,128$711$432$256$149$30
41 years$1,088$676$406$236$135$26
42 years$1,050$644$380$218$122$23
43 years$1,014$614$357$201$111$20
44 years$980$585$335$186$101$17
45 years$948$558$315$172$92$15
46 years$917$532$295$159$83$13
47 years$887$508$278$147$75$11
48 years$859$485$261$135$69$10
49 years$831$463$245$125$62$8
50 years$805$442$231$116$57$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $825,000, adding $6,044 every year, while hoping to spend $32,278 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: 68/5/27 Blend
55$825,000$825,000$825,000$825,000
56$915,384$871,659$858,872$970,831
57$974,410$880,027$853,301$1,017,227
58$1,038,375$887,723$846,461$1,063,742
59$1,107,747$894,680$838,276$1,113,899
60$1,183,045$900,827$828,666$1,168,058
61$1,264,836$906,088$817,547$1,226,618
62$1,353,745$910,382$804,830$1,290,019
63$1,450,460$913,623$790,424$1,358,745
64$1,555,736$915,720$774,233$1,433,332
65$1,670,406$916,576$756,155$1,514,370
66$1,795,386$916,087$736,085$1,602,511
67$1,931,684$914,143$713,912$1,698,474
68$2,080,410$910,630$689,521$1,803,052
69$2,242,783$905,422$662,792$1,917,119
70$2,420,149$898,390$633,598$2,041,642
71$2,613,987$889,394$601,806$2,177,684
72$2,825,927$878,288$567,280$2,326,421
73$3,057,762$864,914$529,874$2,489,149
74$3,311,467$849,109$489,439$2,667,297
75$3,589,218$830,696$445,815$2,862,442
76$3,893,408$809,490$398,840$3,076,322
77$4,226,675$785,295$348,341$3,310,857
78$4,591,925$757,902$294,139$3,568,161
79$4,992,354$727,093$236,046$3,850,568
80$5,431,487$692,634$173,867$4,160,652
81$5,913,204$654,278$107,396$4,501,250
82$6,441,779$611,765$36,422$4,875,492
83$7,021,920$564,821$0$5,286,830
84$7,658,811$513,153$0$5,750,397
85$8,358,167$456,454$0$6,270,996
86$9,126,278$394,399$0$6,842,823
87$9,970,078$326,644$0$7,471,052
88$10,897,202$252,826$0$8,161,386
89$11,916,064$172,561$0$8,920,109
90$13,035,930$85,445$0$9,754,145
91$14,267,013$0$0$10,671,121
92$15,620,561$0$0$11,679,936
93$17,108,967$0$0$12,794,486
94$18,745,887$0$0$14,020,300
95$20,546,364$0$0$15,368,651
96$22,526,975$0$0$16,851,961
97$24,705,982$0$0$18,483,912
98$27,103,507$0$0$20,279,584
99$29,741,721$0$0$22,255,589
100$32,645,053$0$0$24,430,233