Can I retire at age 56 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$68,375$67,766$67,172$66,592$66,026$64,587
2 years$33,849$33,219$32,608$32,015$31,441$29,999
3 years$22,342$21,709$21,099$20,513$19,947$18,547
4 years$16,590$15,958$15,355$14,778$14,227$12,878
5 years$13,139$12,512$11,916$11,351$10,815$9,523
6 years$10,839$10,217$9,630$9,078$8,557$7,323
7 years$9,197$8,580$8,003$7,463$6,959$5,782
8 years$7,966$7,355$6,787$6,261$5,774$4,654
9 years$7,010$6,403$5,845$5,333$4,862$3,799
10 years$6,244$5,644$5,096$4,597$4,143$3,135
11 years$5,619$5,025$4,487$4,001$3,563$2,609
12 years$5,098$4,510$3,982$3,509$3,088$2,186
13 years$4,658$4,076$3,557$3,098$2,692$1,842
14 years$4,280$3,705$3,196$2,750$2,360$1,559
15 years$3,954$3,384$2,886$2,453$2,078$1,324
16 years$3,668$3,105$2,617$2,196$1,837$1,129
17 years$3,417$2,860$2,381$1,973$1,628$964
18 years$3,193$2,642$2,173$1,778$1,448$826
19 years$2,994$2,449$1,990$1,607$1,291$708
20 years$2,814$2,276$1,826$1,455$1,153$608
21 years$2,652$2,120$1,680$1,321$1,032$523
22 years$2,505$1,979$1,548$1,201$925$451
23 years$2,370$1,851$1,429$1,094$830$389
24 years$2,248$1,734$1,322$997$746$335
25 years$2,135$1,627$1,224$911$671$289
26 years$2,031$1,529$1,136$833$605$250
27 years$1,935$1,439$1,054$762$545$216
28 years$1,845$1,356$980$698$492$187
29 years$1,763$1,279$912$641$444$162
30 years$1,685$1,208$850$588$401$140
31 years$1,613$1,142$792$540$363$121
32 years$1,546$1,081$739$496$328$105
33 years$1,483$1,024$690$456$297$91
34 years$1,423$970$645$420$269$79
35 years$1,368$920$603$386$244$68
36 years$1,315$873$564$356$221$59
37 years$1,265$829$528$328$200$51
38 years$1,218$788$494$302$181$44
39 years$1,174$750$463$279$164$38
40 years$1,132$713$434$257$149$33
41 years$1,092$679$407$237$135$29
42 years$1,054$647$382$219$123$25
43 years$1,018$616$358$202$111$22
44 years$984$587$336$187$101$19
45 years$951$560$316$172$92$16
46 years$920$534$297$159$83$14
47 years$890$510$279$147$76$12
48 years$862$487$262$136$69$11
49 years$834$465$246$126$62$9
50 years$808$444$231$116$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $828,000, adding $4,985 every year, while hoping to spend $55,916 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: 64/22/14 Blend
55$828,000$828,000$828,000$828,000
56$917,598$873,714$860,880$972,945
57$951,699$857,032$830,225$993,929
58$987,404$837,658$796,670$1,009,937
59$1,024,818$815,402$760,057$1,026,046
60$1,064,054$790,061$720,223$1,042,268
61$1,105,235$761,422$676,999$1,058,615
62$1,148,495$729,258$630,204$1,075,103
63$1,193,980$693,330$579,654$1,091,753
64$1,241,846$653,383$525,153$1,108,590
65$1,292,266$609,151$466,497$1,125,644
66$1,345,428$560,350$403,475$1,142,951
67$1,401,534$506,680$335,864$1,160,553
68$1,460,808$447,824$263,433$1,178,501
69$1,523,491$383,449$185,939$1,196,854
70$1,589,850$313,200$103,130$1,215,681
71$1,660,172$236,704$14,743$1,235,062
72$1,734,774$153,567$0$1,255,089
73$1,814,001$63,372$0$1,287,755
74$1,898,231$0$0$1,324,419
75$1,987,878$0$0$1,371,367
76$2,083,393$0$0$1,437,767
77$2,185,273$0$0$1,508,625
78$2,294,059$0$0$1,584,323
79$2,410,347$0$0$1,665,280
80$2,534,789$0$0$1,751,953
81$2,668,100$0$0$1,844,847
82$2,811,063$0$0$1,944,514
83$2,964,539$0$0$2,051,558
84$3,129,473$0$0$2,166,645
85$3,306,899$0$0$2,290,505
86$3,497,958$0$0$2,423,938
87$3,703,897$0$0$2,567,825
88$3,926,091$0$0$2,723,134
89$4,166,046$0$0$2,890,925
90$4,425,422$0$0$3,072,367
91$4,706,038$0$0$3,268,743
92$5,009,898$0$0$3,481,464
93$5,339,202$0$0$3,712,081
94$5,696,372$0$0$3,962,299
95$6,084,070$0$0$4,233,994
96$6,505,222$0$0$4,529,229
97$6,963,050$0$0$4,850,275
98$7,461,097$0$0$5,199,628
99$8,003,261$0$0$5,580,035
100$8,593,831$0$0$5,994,521