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%17.2%
1 years$68,210$67,603$67,010$66,431$65,866$63,937
2 years$33,767$33,139$32,529$31,938$31,365$29,437
3 years$22,288$21,656$21,048$20,463$19,899$18,033
4 years$16,549$15,920$15,318$14,743$14,192$12,402
5 years$13,107$12,481$11,887$11,324$10,789$9,079
6 years$10,813$10,192$9,607$9,056$8,537$6,910
7 years$9,175$8,559$7,983$7,445$6,943$5,398
8 years$7,947$7,337$6,770$6,246$5,760$4,296
9 years$6,993$6,388$5,831$5,320$4,850$3,467
10 years$6,229$5,631$5,084$4,586$4,133$2,827
11 years$5,605$5,013$4,476$3,991$3,554$2,325
12 years$5,086$4,499$3,972$3,501$3,080$1,924
13 years$4,646$4,066$3,549$3,091$2,686$1,600
14 years$4,270$3,696$3,189$2,743$2,354$1,337
15 years$3,944$3,376$2,879$2,447$2,073$1,121
16 years$3,659$3,098$2,610$2,191$1,832$942
17 years$3,408$2,853$2,375$1,968$1,625$794
18 years$3,186$2,636$2,168$1,774$1,444$670
19 years$2,986$2,443$1,985$1,603$1,287$567
20 years$2,807$2,270$1,822$1,452$1,150$480
21 years$2,646$2,115$1,676$1,317$1,029$407
22 years$2,499$1,974$1,544$1,198$922$345
23 years$2,365$1,846$1,426$1,091$828$293
24 years$2,242$1,730$1,319$995$744$249
25 years$2,130$1,623$1,221$909$670$212
26 years$2,026$1,526$1,133$831$603$180
27 years$1,930$1,436$1,052$761$544$154
28 years$1,841$1,353$978$697$491$131
29 years$1,758$1,276$910$639$443$111
30 years$1,681$1,205$848$586$400$95
31 years$1,610$1,139$790$539$362$81
32 years$1,542$1,078$737$495$327$69
33 years$1,479$1,021$688$455$296$59
34 years$1,420$968$643$419$268$50
35 years$1,364$918$601$386$243$43
36 years$1,312$871$563$355$220$36
37 years$1,262$827$527$327$200$31
38 years$1,216$786$493$302$181$26
39 years$1,171$748$462$278$164$23
40 years$1,129$711$433$256$149$19
41 years$1,089$677$406$237$135$16
42 years$1,052$645$381$218$123$14
43 years$1,016$615$357$202$111$12
44 years$981$586$335$186$101$10
45 years$949$559$315$172$92$9
46 years$918$533$296$159$83$7
47 years$888$508$278$147$76$6
48 years$860$485$261$136$69$5
49 years$832$464$245$125$62$5
50 years$806$443$231$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $826,000, adding $2,787 every year, while hoping to spend $39,887 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: 64/20/16 Blend
55$826,000$826,000$826,000$826,000
56$913,127$869,349$856,546$967,807
57$963,826$869,507$842,801$1,004,969
58$1,018,360$868,337$827,258$1,040,723
59$1,077,078$865,730$809,816$1,078,815
60$1,140,362$861,573$790,367$1,119,474
61$1,208,634$855,746$768,800$1,162,954
62$1,282,357$848,119$744,996$1,209,535
63$1,362,038$838,557$718,834$1,259,526
64$1,448,236$826,917$690,186$1,313,270
65$1,541,565$813,045$658,916$1,371,146
66$1,642,701$796,781$624,886$1,433,573
67$1,752,385$777,952$587,949$1,501,015
68$1,871,435$756,377$547,951$1,573,984
69$2,000,746$731,865$504,733$1,653,047
70$2,141,309$704,213$458,127$1,738,831
71$2,294,207$673,205$407,960$1,832,027
72$2,460,638$638,613$354,048$1,933,401
73$2,641,916$600,198$296,201$2,043,799
74$2,839,488$557,705$234,221$2,164,155
75$3,054,948$510,864$167,900$2,295,503
76$3,290,049$459,392$97,020$2,438,983
77$3,546,720$402,989$21,356$2,595,857
78$3,827,085$341,335$0$2,767,516
79$4,133,484$274,097$0$2,965,639
80$4,468,490$200,919$0$3,186,335
81$4,834,939$121,427$0$3,427,875
82$5,235,952$35,225$0$3,692,377
83$5,674,965$0$0$3,982,178
84$6,155,764$0$0$4,312,640
85$6,682,515$0$0$4,683,237
86$7,259,809$0$0$5,089,452
87$7,892,701$0$0$5,534,850
88$8,586,758$0$0$6,023,355
89$9,348,113$0$0$6,559,293
90$10,183,519$0$0$7,147,426
91$11,100,417$0$0$7,792,999
92$12,107,000$0$0$8,501,791
93$13,212,297$0$0$9,280,168
94$14,426,251$0$0$10,135,143
95$15,759,818$0$0$11,074,439
96$17,225,063$0$0$12,106,567
97$18,835,283$0$0$13,240,902
98$20,605,123$0$0$14,487,772
99$22,550,718$0$0$15,858,557
100$24,689,847$0$0$17,365,792