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%15.9%
1 years$68,293$67,685$67,091$66,512$65,946$64,352
2 years$33,808$33,179$32,568$31,977$31,403$29,806
3 years$22,315$21,683$21,074$20,488$19,923$18,374
4 years$16,569$15,939$15,336$14,760$14,209$12,720
5 years$13,123$12,496$11,902$11,337$10,802$9,376
6 years$10,826$10,204$9,618$9,067$8,547$7,186
7 years$9,186$8,570$7,993$7,454$6,951$5,655
8 years$7,957$7,346$6,779$6,253$5,767$4,536
9 years$7,001$6,396$5,838$5,326$4,856$3,689
10 years$6,237$5,638$5,090$4,591$4,138$3,033
11 years$5,612$5,019$4,481$3,996$3,559$2,515
12 years$5,092$4,505$3,977$3,505$3,084$2,099
13 years$4,652$4,071$3,553$3,094$2,689$1,761
14 years$4,275$3,700$3,193$2,747$2,357$1,485
15 years$3,949$3,380$2,882$2,450$2,076$1,256
16 years$3,664$3,101$2,613$2,193$1,834$1,066
17 years$3,413$2,856$2,378$1,971$1,627$907
18 years$3,189$2,639$2,171$1,776$1,446$773
19 years$2,990$2,446$1,987$1,605$1,289$660
20 years$2,811$2,273$1,824$1,453$1,151$564
21 years$2,649$2,117$1,678$1,319$1,030$483
22 years$2,502$1,976$1,546$1,199$924$414
23 years$2,368$1,848$1,428$1,092$829$356
24 years$2,245$1,732$1,320$996$745$305
25 years$2,132$1,625$1,223$910$671$262
26 years$2,028$1,527$1,134$832$604$226
27 years$1,932$1,438$1,053$761$545$194
28 years$1,843$1,355$979$698$491$167
29 years$1,760$1,278$911$640$444$144
30 years$1,683$1,207$849$587$401$124
31 years$1,611$1,141$791$539$362$107
32 years$1,544$1,079$738$496$328$92
33 years$1,481$1,022$689$456$297$79
34 years$1,422$969$644$419$269$68
35 years$1,366$919$602$386$243$59
36 years$1,313$872$563$355$220$51
37 years$1,264$828$527$328$200$44
38 years$1,217$787$494$302$181$38
39 years$1,173$749$463$278$164$33
40 years$1,131$712$434$257$149$28
41 years$1,091$678$406$237$135$24
42 years$1,053$646$381$219$123$21
43 years$1,017$615$358$202$111$18
44 years$983$586$336$186$101$16
45 years$950$559$315$172$92$13
46 years$919$533$296$159$83$12
47 years$889$509$278$147$76$10
48 years$861$486$261$136$69$9
49 years$833$464$246$125$62$7
50 years$807$443$231$116$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $827,000, adding $6,449 every year, while hoping to spend $34,764 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: 24/48/28 Blend
55$827,000$827,000$827,000$827,000
56$918,006$874,175$861,357$931,837
57$974,654$880,021$853,223$949,913
58$1,035,915$884,988$843,653$965,914
59$1,102,223$888,997$832,559$982,328
60$1,174,054$891,963$819,855$999,214
61$1,251,934$893,795$805,446$1,016,638
62$1,336,438$894,398$789,235$1,034,676
63$1,428,201$893,669$771,121$1,053,414
64$1,527,920$891,502$750,996$1,072,954
65$1,636,363$887,781$728,750$1,093,407
66$1,754,374$882,384$704,265$1,114,901
67$1,882,882$875,183$677,420$1,137,583
68$2,022,909$866,040$648,086$1,161,616
69$2,175,580$854,810$616,131$1,187,186
70$2,342,132$841,339$581,415$1,214,504
71$2,523,930$825,464$543,792$1,243,806
72$2,722,472$807,013$503,110$1,275,356
73$2,939,410$785,803$459,210$1,309,455
74$3,176,562$761,639$411,926$1,346,437
75$3,435,929$734,317$361,084$1,386,678
76$3,719,716$703,621$306,502$1,430,599
77$4,030,348$669,320$247,991$1,478,673
78$4,370,499$631,171$185,354$1,531,425
79$4,743,110$588,919$118,383$1,589,447
80$5,151,422$542,291$46,864$1,653,395
81$5,599,004$491,000$0$1,724,005
82$6,089,787$434,744$0$1,810,896
83$6,628,100$373,201$0$1,921,694
84$7,218,711$306,033$0$2,043,473
85$7,866,873$232,882$0$2,177,441
86$8,578,370$153,370$0$2,324,938
87$9,359,577$67,097$0$2,487,447
88$10,217,512$0$0$2,666,612
89$11,159,909$0$0$2,878,176
90$12,195,287$0$0$3,149,700
91$13,333,031$0$0$3,448,226
92$14,583,481$0$0$3,776,485
93$15,958,026$0$0$4,137,488
94$17,469,217$0$0$4,534,550
95$19,130,879$0$0$4,971,326
96$20,958,244$0$0$5,451,843
97$22,968,094$0$0$5,980,536
98$25,178,921$0$0$6,562,292
99$27,611,097$0$0$7,202,498
100$30,287,068$0$0$7,907,086