Can I retire at age 56 with 826,000?

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 $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%14.2%
1 years$68,210$67,603$67,010$66,431$65,866$64,722
2 years$33,767$33,139$32,529$31,938$31,365$30,216
3 years$22,288$21,656$21,048$20,463$19,899$18,781
4 years$16,549$15,920$15,318$14,743$14,192$13,114
5 years$13,107$12,481$11,887$11,324$10,789$9,753
6 years$10,813$10,192$9,607$9,056$8,537$7,544
7 years$9,175$8,559$7,983$7,445$6,943$5,994
8 years$7,947$7,337$6,770$6,246$5,760$4,855
9 years$6,993$6,388$5,831$5,320$4,850$3,990
10 years$6,229$5,631$5,084$4,586$4,133$3,315
11 years$5,605$5,013$4,476$3,991$3,554$2,778
12 years$5,086$4,499$3,972$3,501$3,080$2,344
13 years$4,646$4,066$3,549$3,091$2,686$1,990
14 years$4,270$3,696$3,189$2,743$2,354$1,697
15 years$3,944$3,376$2,879$2,447$2,073$1,452
16 years$3,659$3,098$2,610$2,191$1,832$1,247
17 years$3,408$2,853$2,375$1,968$1,625$1,074
18 years$3,186$2,636$2,168$1,774$1,444$927
19 years$2,986$2,443$1,985$1,603$1,287$802
20 years$2,807$2,270$1,822$1,452$1,150$694
21 years$2,646$2,115$1,676$1,317$1,029$602
22 years$2,499$1,974$1,544$1,198$922$523
23 years$2,365$1,846$1,426$1,091$828$455
24 years$2,242$1,730$1,319$995$744$396
25 years$2,130$1,623$1,221$909$670$345
26 years$2,026$1,526$1,133$831$603$301
27 years$1,930$1,436$1,052$761$544$262
28 years$1,841$1,353$978$697$491$229
29 years$1,758$1,276$910$639$443$200
30 years$1,681$1,205$848$586$400$174
31 years$1,610$1,139$790$539$362$152
32 years$1,542$1,078$737$495$327$133
33 years$1,479$1,021$688$455$296$116
34 years$1,420$968$643$419$268$102
35 years$1,364$918$601$386$243$89
36 years$1,312$871$563$355$220$78
37 years$1,262$827$527$327$200$68
38 years$1,216$786$493$302$181$60
39 years$1,171$748$462$278$164$52
40 years$1,129$711$433$256$149$46
41 years$1,089$677$406$237$135$40
42 years$1,052$645$381$218$123$35
43 years$1,016$615$357$202$111$31
44 years$981$586$335$186$101$27
45 years$949$559$315$172$92$23
46 years$918$533$296$159$83$20
47 years$888$508$278$147$76$18
48 years$860$485$261$136$69$16
49 years$832$464$245$125$62$14
50 years$806$443$231$116$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $826,000, adding $6,606 every year, while hoping to spend $56,373 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: 56/34/10 Blend
55$826,000$826,000$826,000$826,000
56$917,066$873,288$860,485$965,812
57$950,626$856,099$829,331$982,324
58$985,720$836,178$795,244$993,499
59$1,022,445$813,332$758,066$1,004,323
60$1,060,906$787,356$717,632$1,014,769
61$1,101,215$758,034$673,770$1,024,814
62$1,143,498$725,136$626,300$1,034,433
63$1,187,887$688,420$575,033$1,043,603
64$1,234,528$647,629$519,773$1,052,301
65$1,283,578$602,491$460,314$1,060,509
66$1,335,211$552,721$396,442$1,068,207
67$1,389,612$498,014$327,932$1,075,379
68$1,446,985$438,050$254,551$1,082,013
69$1,507,554$372,490$176,054$1,088,101
70$1,571,558$300,976$92,187$1,093,638
71$1,639,264$223,131$2,682$1,098,624
72$1,710,959$138,555$0$1,103,066
73$1,786,959$46,825$0$1,116,886
74$1,867,607$0$0$1,131,148
75$1,953,280$0$0$1,165,274
76$2,044,390$0$0$1,220,235
77$2,141,387$0$0$1,278,790
78$2,244,765$0$0$1,341,241
79$2,355,063$0$0$1,407,921
80$2,472,873$0$0$1,479,193
81$2,598,845$0$0$1,555,456
82$2,733,688$0$0$1,637,148
83$2,878,183$0$0$1,724,748
84$3,033,185$0$0$1,818,782
85$3,199,632$0$0$1,919,828
86$3,378,553$0$0$2,028,521
87$3,571,081$0$0$2,145,555
88$3,778,455$0$0$2,271,696
89$4,002,040$0$0$2,407,782
90$4,243,334$0$0$2,554,738
91$4,503,981$0$0$2,713,576
92$4,785,792$0$0$2,885,410
93$5,090,752$0$0$3,071,465
94$5,421,049$0$0$3,273,088
95$5,779,083$0$0$3,491,759
96$6,167,497$0$0$3,729,106
97$6,589,195$0$0$3,986,920
98$7,047,375$0$0$4,267,171
99$7,545,550$0$0$4,572,025
100$8,087,589$0$0$4,903,867