Can I retire at age 56 with 828,000?

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 $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%17.4%
1 years$68,375$67,766$67,172$66,592$66,026$64,041
2 years$33,849$33,219$32,608$32,015$31,441$29,458
3 years$22,342$21,709$21,099$20,513$19,947$18,028
4 years$16,590$15,958$15,355$14,778$14,227$12,386
5 years$13,139$12,512$11,916$11,351$10,815$9,058
6 years$10,839$10,217$9,630$9,078$8,557$6,886
7 years$9,197$8,580$8,003$7,463$6,959$5,373
8 years$7,966$7,355$6,787$6,261$5,774$4,272
9 years$7,010$6,403$5,845$5,333$4,862$3,443
10 years$6,244$5,644$5,096$4,597$4,143$2,804
11 years$5,619$5,025$4,487$4,001$3,563$2,303
12 years$5,098$4,510$3,982$3,509$3,088$1,903
13 years$4,658$4,076$3,557$3,098$2,692$1,581
14 years$4,280$3,705$3,196$2,750$2,360$1,319
15 years$3,954$3,384$2,886$2,453$2,078$1,104
16 years$3,668$3,105$2,617$2,196$1,837$927
17 years$3,417$2,860$2,381$1,973$1,628$780
18 years$3,193$2,642$2,173$1,778$1,448$657
19 years$2,994$2,449$1,990$1,607$1,291$555
20 years$2,814$2,276$1,826$1,455$1,153$469
21 years$2,652$2,120$1,680$1,321$1,032$397
22 years$2,505$1,979$1,548$1,201$925$337
23 years$2,370$1,851$1,429$1,094$830$286
24 years$2,248$1,734$1,322$997$746$242
25 years$2,135$1,627$1,224$911$671$206
26 years$2,031$1,529$1,136$833$605$175
27 years$1,935$1,439$1,054$762$545$148
28 years$1,845$1,356$980$698$492$126
29 years$1,763$1,279$912$641$444$107
30 years$1,685$1,208$850$588$401$91
31 years$1,613$1,142$792$540$363$78
32 years$1,546$1,081$739$496$328$66
33 years$1,483$1,024$690$456$297$56
34 years$1,423$970$645$420$269$48
35 years$1,368$920$603$386$244$41
36 years$1,315$873$564$356$221$35
37 years$1,265$829$528$328$200$30
38 years$1,218$788$494$302$181$25
39 years$1,174$750$463$279$164$21
40 years$1,132$713$434$257$149$18
41 years$1,092$679$407$237$135$16
42 years$1,054$647$382$219$123$13
43 years$1,018$616$358$202$111$11
44 years$984$587$336$187$101$10
45 years$951$560$316$172$92$8
46 years$920$534$297$159$83$7
47 years$890$510$279$147$76$6
48 years$862$487$262$136$69$5
49 years$834$465$246$126$62$4
50 years$808$444$231$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $828,000, adding $3,203 every year, while hoping to spend $32,527 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: 63/29/8 Blend
55$828,000$828,000$828,000$828,000
56$915,760$871,876$859,042$971,766
57$974,559$879,989$853,211$1,017,651
58$1,038,265$887,410$846,095$1,063,637
59$1,107,345$894,070$837,616$1,113,013
60$1,182,311$899,896$827,693$1,166,105
61$1,263,728$904,812$816,242$1,223,275
62$1,352,214$908,734$803,172$1,284,920
63$1,448,453$911,575$788,391$1,351,480
64$1,553,196$913,242$771,803$1,423,441
65$1,667,267$913,637$753,304$1,501,337
66$1,791,577$912,654$732,788$1,585,758
67$1,927,125$910,181$710,144$1,677,356
68$2,075,012$906,101$685,254$1,776,850
69$2,236,451$900,287$657,997$1,885,033
70$2,412,775$892,607$628,246$2,002,779
71$2,605,452$882,918$595,866$2,131,055
72$2,816,099$871,073$560,719$2,270,926
73$3,046,496$856,910$522,658$2,423,568
74$3,298,604$840,264$481,532$2,590,277
75$3,574,579$820,954$437,181$2,772,484
76$3,876,799$798,794$389,439$2,971,769
77$4,207,879$773,582$338,133$3,189,873
78$4,570,703$745,107$283,080$3,428,717
79$4,968,444$713,147$224,093$3,690,423
80$5,404,598$677,463$160,972$3,977,328
81$5,883,014$637,807$93,512$4,292,012
82$6,407,934$593,912$21,498$4,637,322
83$6,984,029$545,499$0$5,016,397
84$7,616,444$492,272$0$5,437,424
85$8,310,846$433,919$0$5,901,765
86$9,073,480$370,108$0$6,411,815
87$9,911,223$300,491$0$6,972,244
88$10,831,651$224,698$0$7,588,199
89$11,843,111$142,341$0$8,265,357
90$12,954,799$53,006$0$9,009,977
91$14,176,846$0$0$9,828,959
92$15,520,412$0$0$10,743,872
93$16,997,794$0$0$11,768,572
94$18,622,540$0$0$12,895,550
95$20,409,575$0$0$14,135,167
96$22,375,345$0$0$15,498,839
97$24,537,969$0$0$16,999,145
98$26,917,412$0$0$18,649,945
99$29,535,670$0$0$20,466,508
100$32,416,980$0$0$22,465,660