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%11.4%
1 years$68,210$67,603$67,010$66,431$65,866$65,479
2 years$33,767$33,139$32,529$31,938$31,365$30,974
3 years$22,288$21,656$21,048$20,463$19,899$19,517
4 years$16,549$15,920$15,318$14,743$14,192$13,821
5 years$13,107$12,481$11,887$11,324$10,789$10,431
6 years$10,813$10,192$9,607$9,056$8,537$8,192
7 years$9,175$8,559$7,983$7,445$6,943$6,611
8 years$7,947$7,337$6,770$6,246$5,760$5,441
9 years$6,993$6,388$5,831$5,320$4,850$4,545
10 years$6,229$5,631$5,084$4,586$4,133$3,841
11 years$5,605$5,013$4,476$3,991$3,554$3,275
12 years$5,086$4,499$3,972$3,501$3,080$2,814
13 years$4,646$4,066$3,549$3,091$2,686$2,432
14 years$4,270$3,696$3,189$2,743$2,354$2,113
15 years$3,944$3,376$2,879$2,447$2,073$1,843
16 years$3,659$3,098$2,610$2,191$1,832$1,614
17 years$3,408$2,853$2,375$1,968$1,625$1,417
18 years$3,186$2,636$2,168$1,774$1,444$1,248
19 years$2,986$2,443$1,985$1,603$1,287$1,101
20 years$2,807$2,270$1,822$1,452$1,150$974
21 years$2,646$2,115$1,676$1,317$1,029$863
22 years$2,499$1,974$1,544$1,198$922$765
23 years$2,365$1,846$1,426$1,091$828$680
24 years$2,242$1,730$1,319$995$744$605
25 years$2,130$1,623$1,221$909$670$538
26 years$2,026$1,526$1,133$831$603$480
27 years$1,930$1,436$1,052$761$544$428
28 years$1,841$1,353$978$697$491$382
29 years$1,758$1,276$910$639$443$341
30 years$1,681$1,205$848$586$400$305
31 years$1,610$1,139$790$539$362$272
32 years$1,542$1,078$737$495$327$244
33 years$1,479$1,021$688$455$296$218
34 years$1,420$968$643$419$268$195
35 years$1,364$918$601$386$243$175
36 years$1,312$871$563$355$220$156
37 years$1,262$827$527$327$200$140
38 years$1,216$786$493$302$181$125
39 years$1,171$748$462$278$164$112
40 years$1,129$711$433$256$149$101
41 years$1,089$677$406$237$135$90
42 years$1,052$645$381$218$123$81
43 years$1,016$615$357$202$111$73
44 years$981$586$335$186$101$65
45 years$949$559$315$172$92$58
46 years$918$533$296$159$83$52
47 years$888$508$278$147$76$47
48 years$860$485$261$136$69$42
49 years$832$464$245$125$62$38
50 years$806$443$231$116$57$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $826,000, adding $4,789 every year, while hoping to spend $23,802 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: 63/27/10 Blend
55$826,000$826,000$826,000$826,000
56$915,192$871,414$858,611$970,530
57$983,216$888,788$862,049$1,025,479
58$1,057,381$906,216$864,805$1,082,254
59$1,138,289$923,675$866,830$1,143,646
60$1,226,599$941,140$868,074$1,210,100
61$1,323,043$958,586$868,485$1,282,111
62$1,428,420$975,983$868,006$1,360,222
63$1,543,614$993,302$866,579$1,445,029
64$1,669,597$1,010,508$864,144$1,537,193
65$1,807,439$1,027,566$860,636$1,637,441
66$1,958,318$1,044,438$855,988$1,746,571
67$2,123,533$1,061,081$850,130$1,865,467
68$2,304,512$1,077,453$842,988$1,995,100
69$2,502,828$1,093,504$834,484$2,136,541
70$2,720,216$1,109,185$824,538$2,290,971
71$2,958,583$1,124,440$813,065$2,459,691
72$3,220,032$1,139,211$799,977$2,644,135
73$3,506,878$1,153,435$785,179$2,845,884
74$3,821,673$1,167,047$768,575$3,066,678
75$4,167,225$1,179,973$750,064$3,308,438
76$4,546,629$1,192,139$729,538$3,573,280
77$4,963,294$1,203,463$706,887$3,863,537
78$5,420,976$1,213,859$681,994$4,181,779
79$5,923,811$1,223,233$654,736$4,530,839
80$6,476,357$1,231,489$624,987$4,913,841
81$7,083,635$1,238,522$592,614$5,334,227
82$7,751,176$1,244,219$557,476$5,795,792
83$8,485,074$1,248,464$519,430$6,302,718
84$9,292,043$1,251,130$478,322$6,859,615
85$10,179,479$1,252,083$433,994$7,471,565
86$11,155,533$1,251,183$386,280$8,144,167
87$12,229,184$1,248,277$335,006$8,883,596
88$13,410,324$1,243,206$279,992$9,696,656
89$14,709,854$1,235,800$221,049$10,590,847
90$16,139,784$1,225,879$157,979$11,574,436
91$17,713,346$1,213,251$90,576$12,656,535
92$19,445,122$1,197,716$18,625$13,847,186
93$21,351,178$1,179,056$0$15,157,461
94$23,449,214$1,157,047$0$16,605,766
95$25,758,737$1,131,445$0$18,201,868
96$28,301,240$1,101,997$0$19,958,626
97$31,100,403$1,068,432$0$21,892,407
98$34,182,323$1,030,463$0$24,021,244
99$37,575,753$987,790$0$26,365,017
100$41,312,379$940,090$0$28,945,631