Can I retire at age 56 with 827,000?

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 $827,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$68,293$67,685$67,091$66,512$65,946$65,476
2 years$33,808$33,179$32,568$31,977$31,403$30,929
3 years$22,315$21,683$21,074$20,488$19,923$19,460
4 years$16,569$15,939$15,336$14,760$14,209$13,760
5 years$13,123$12,496$11,902$11,337$10,802$10,368
6 years$10,826$10,204$9,618$9,067$8,547$8,130
7 years$9,186$8,570$7,993$7,454$6,951$6,550
8 years$7,957$7,346$6,779$6,253$5,767$5,382
9 years$7,001$6,396$5,838$5,326$4,856$4,488
10 years$6,237$5,638$5,090$4,591$4,138$3,786
11 years$5,612$5,019$4,481$3,996$3,559$3,222
12 years$5,092$4,505$3,977$3,505$3,084$2,763
13 years$4,652$4,071$3,553$3,094$2,689$2,384
14 years$4,275$3,700$3,193$2,747$2,357$2,067
15 years$3,949$3,380$2,882$2,450$2,076$1,799
16 years$3,664$3,101$2,613$2,193$1,834$1,572
17 years$3,413$2,856$2,378$1,971$1,627$1,378
18 years$3,189$2,639$2,171$1,776$1,446$1,211
19 years$2,990$2,446$1,987$1,605$1,289$1,066
20 years$2,811$2,273$1,824$1,453$1,151$941
21 years$2,649$2,117$1,678$1,319$1,030$832
22 years$2,502$1,976$1,546$1,199$924$736
23 years$2,368$1,848$1,428$1,092$829$652
24 years$2,245$1,732$1,320$996$745$579
25 years$2,132$1,625$1,223$910$671$514
26 years$2,028$1,527$1,134$832$604$457
27 years$1,932$1,438$1,053$761$545$407
28 years$1,843$1,355$979$698$491$362
29 years$1,760$1,278$911$640$444$323
30 years$1,683$1,207$849$587$401$288
31 years$1,611$1,141$791$539$362$256
32 years$1,544$1,079$738$496$328$229
33 years$1,481$1,022$689$456$297$204
34 years$1,422$969$644$419$269$182
35 years$1,366$919$602$386$243$163
36 years$1,313$872$563$355$220$145
37 years$1,264$828$527$328$200$130
38 years$1,217$787$494$302$181$116
39 years$1,173$749$463$278$164$104
40 years$1,131$712$434$257$149$93
41 years$1,091$678$406$237$135$83
42 years$1,053$646$381$219$123$74
43 years$1,017$615$358$202$111$66
44 years$983$586$336$186$101$59
45 years$950$559$315$172$92$53
46 years$919$533$296$159$83$47
47 years$889$509$278$147$76$42
48 years$861$486$261$136$69$38
49 years$833$464$246$125$62$34
50 years$807$443$231$116$57$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $827,000, adding $3,396 every year, while hoping to spend $44,116 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: 66/8/26 Blend
55$827,000$827,000$827,000$827,000
56$914,857$871,026$858,207$968,819
57$961,233$866,767$840,018$1,001,337
58$1,010,861$860,821$819,741$1,031,604
59$1,064,026$853,059$797,260$1,063,701
60$1,121,041$843,342$772,452$1,097,813
61$1,182,249$831,527$745,190$1,134,143
62$1,248,025$817,460$715,342$1,172,917
63$1,318,785$800,976$682,766$1,214,383
64$1,394,980$781,903$647,319$1,258,818
65$1,477,111$760,059$608,847$1,306,529
66$1,565,724$735,250$567,191$1,357,856
67$1,661,421$707,270$522,185$1,413,173
68$1,764,863$675,903$473,655$1,472,896
69$1,876,776$640,920$421,419$1,537,487
70$1,997,959$602,077$365,289$1,607,455
71$2,129,290$559,118$305,065$1,683,364
72$2,271,734$511,771$240,541$1,765,837
73$2,426,353$459,750$171,501$1,855,566
74$2,594,315$402,751$97,720$1,953,313
75$2,776,903$340,455$18,962$2,059,922
76$2,975,532$272,521$0$2,176,328
77$3,191,756$198,594$0$2,321,618
78$3,427,284$118,295$0$2,485,666
79$3,684,001$31,225$0$2,664,539
80$3,963,978$0$0$2,859,709
81$4,269,495$0$0$3,078,346
82$4,603,062$0$0$3,320,107
83$4,967,442$0$0$3,584,252
84$5,365,677$0$0$3,872,994
85$5,801,117$0$0$4,188,767
86$6,277,448$0$0$4,534,251
87$6,798,730$0$0$4,912,398
88$7,369,433$0$0$5,326,460
89$7,994,482$0$0$5,780,016
90$8,679,296$0$0$6,277,007
91$9,429,847$0$0$6,821,776
92$10,252,709$0$0$7,419,103
93$11,155,126$0$0$8,074,255
94$12,145,073$0$0$8,793,032
95$13,231,337$0$0$9,581,823
96$14,423,595$0$0$10,447,666
97$15,732,507$0$0$11,398,313
98$17,169,816$0$0$12,442,302
99$18,748,458$0$0$13,589,042
100$20,482,681$0$0$14,848,894