Can I retire at age 56 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$68,210$67,603$67,010$66,431$65,866$65,506
2 years$33,767$33,139$32,529$31,938$31,365$31,002
3 years$22,288$21,656$21,048$20,463$19,899$19,544
4 years$16,549$15,920$15,318$14,743$14,192$13,848
5 years$13,107$12,481$11,887$11,324$10,789$10,456
6 years$10,813$10,192$9,607$9,056$8,537$8,216
7 years$9,175$8,559$7,983$7,445$6,943$6,634
8 years$7,947$7,337$6,770$6,246$5,760$5,464
9 years$6,993$6,388$5,831$5,320$4,850$4,567
10 years$6,229$5,631$5,084$4,586$4,133$3,861
11 years$5,605$5,013$4,476$3,991$3,554$3,295
12 years$5,086$4,499$3,972$3,501$3,080$2,832
13 years$4,646$4,066$3,549$3,091$2,686$2,449
14 years$4,270$3,696$3,189$2,743$2,354$2,129
15 years$3,944$3,376$2,879$2,447$2,073$1,859
16 years$3,659$3,098$2,610$2,191$1,832$1,629
17 years$3,408$2,853$2,375$1,968$1,625$1,431
18 years$3,186$2,636$2,168$1,774$1,444$1,261
19 years$2,986$2,443$1,985$1,603$1,287$1,114
20 years$2,807$2,270$1,822$1,452$1,150$986
21 years$2,646$2,115$1,676$1,317$1,029$874
22 years$2,499$1,974$1,544$1,198$922$776
23 years$2,365$1,846$1,426$1,091$828$690
24 years$2,242$1,730$1,319$995$744$614
25 years$2,130$1,623$1,221$909$670$547
26 years$2,026$1,526$1,133$831$603$488
27 years$1,930$1,436$1,052$761$544$435
28 years$1,841$1,353$978$697$491$389
29 years$1,758$1,276$910$639$443$347
30 years$1,681$1,205$848$586$400$311
31 years$1,610$1,139$790$539$362$278
32 years$1,542$1,078$737$495$327$249
33 years$1,479$1,021$688$455$296$223
34 years$1,420$968$643$419$268$200
35 years$1,364$918$601$386$243$179
36 years$1,312$871$563$355$220$160
37 years$1,262$827$527$327$200$144
38 years$1,216$786$493$302$181$129
39 years$1,171$748$462$278$164$116
40 years$1,129$711$433$256$149$104
41 years$1,089$677$406$237$135$93
42 years$1,052$645$381$218$123$83
43 years$1,016$615$357$202$111$75
44 years$981$586$335$186$101$67
45 years$949$559$315$172$92$60
46 years$918$533$296$159$83$54
47 years$888$508$278$147$76$49
48 years$860$485$261$136$69$44
49 years$832$464$245$125$62$39
50 years$806$443$231$116$57$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $826,000, adding $4,966 every year, while hoping to spend $45,839 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: 65/26/9 Blend
55$826,000$826,000$826,000$826,000
56$915,374$871,596$858,793$972,862
57$959,970$865,532$838,791$1,005,714
58$1,007,579$857,635$816,581$1,035,722
59$1,058,458$847,765$792,044$1,067,323
60$1,112,893$835,778$765,049$1,100,669
61$1,171,194$821,517$735,464$1,135,926
62$1,233,702$804,818$703,149$1,173,284
63$1,300,792$785,506$667,957$1,212,947
64$1,372,875$763,398$629,735$1,255,147
65$1,450,402$738,298$588,324$1,300,138
66$1,533,867$709,999$543,558$1,348,203
67$1,623,814$678,282$495,260$1,399,657
68$1,720,842$642,916$443,249$1,454,846
69$1,825,605$603,656$387,336$1,514,156
70$1,938,825$560,244$327,320$1,578,016
71$2,061,294$512,405$262,994$1,646,899
72$2,193,883$459,850$194,142$1,721,329
73$2,337,551$402,273$120,536$1,801,888
74$2,493,348$339,352$41,942$1,889,222
75$2,662,434$270,745$0$1,984,043
76$2,846,082$196,091$0$2,091,167
77$3,045,693$115,010$0$2,212,004
78$3,262,807$27,099$0$2,343,515
79$3,499,120$0$0$2,486,798
80$3,756,498$0$0$2,662,542
81$4,036,993$0$0$2,862,571
82$4,342,864$0$0$3,080,749
83$4,676,598$0$0$3,318,856
84$5,040,932$0$0$3,578,853
85$5,438,879$0$0$3,862,895
86$5,873,755$0$0$4,173,358
87$6,349,212$0$0$4,512,856
88$6,869,270$0$0$4,884,269
89$7,438,356$0$0$5,290,765
90$8,061,344$0$0$5,735,835
91$8,743,601$0$0$6,223,323
92$9,491,038$0$0$6,757,462
93$10,310,165$0$0$7,342,912
94$11,208,151$0$0$7,984,808
95$12,192,892$0$0$8,688,805
96$13,273,083$0$0$9,461,129
97$14,458,305$0$0$10,308,643
98$15,759,107$0$0$11,238,900
99$17,187,111$0$0$12,260,225
100$18,755,121$0$0$13,381,787