Can I retire at age 56 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$68,788$68,176$67,578$66,994$66,425$65,841
2 years$34,054$33,419$32,805$32,209$31,631$31,042
3 years$22,477$21,840$21,227$20,637$20,068$19,493
4 years$16,690$16,055$15,448$14,867$14,313$13,756
5 years$13,218$12,587$11,988$11,420$10,880$10,343
6 years$10,905$10,278$9,688$9,132$8,609$8,093
7 years$9,253$8,632$8,051$7,508$7,002$6,506
8 years$8,015$7,399$6,828$6,298$5,808$5,334
9 years$7,052$6,442$5,881$5,365$4,892$4,437
10 years$6,282$5,678$5,127$4,625$4,168$3,734
11 years$5,653$5,055$4,514$4,025$3,584$3,170
12 years$5,129$4,537$4,006$3,530$3,106$2,712
13 years$4,686$4,100$3,579$3,117$2,709$2,333
14 years$4,306$3,727$3,216$2,767$2,374$2,018
15 years$3,978$3,405$2,903$2,467$2,091$1,752
16 years$3,691$3,124$2,632$2,209$1,848$1,527
17 years$3,437$2,877$2,395$1,985$1,638$1,334
18 years$3,213$2,658$2,187$1,789$1,457$1,169
19 years$3,012$2,464$2,002$1,616$1,298$1,027
20 years$2,831$2,289$1,837$1,464$1,160$903
21 years$2,668$2,133$1,690$1,329$1,038$796
22 years$2,520$1,991$1,557$1,208$930$703
23 years$2,385$1,862$1,438$1,100$835$621
24 years$2,261$1,744$1,330$1,003$751$549
25 years$2,148$1,637$1,232$916$675$486
26 years$2,043$1,539$1,142$838$608$431
27 years$1,946$1,448$1,061$767$549$382
28 years$1,857$1,364$986$703$495$339
29 years$1,773$1,287$918$644$447$301
30 years$1,696$1,216$855$591$404$268
31 years$1,623$1,149$797$543$365$238
32 years$1,555$1,087$744$499$330$211
33 years$1,492$1,030$694$459$299$188
34 years$1,432$976$649$422$271$167
35 years$1,376$926$606$389$245$149
36 years$1,323$879$567$358$222$133
37 years$1,273$834$531$330$201$118
38 years$1,226$793$497$304$182$105
39 years$1,181$754$466$280$165$94
40 years$1,139$717$437$259$150$83
41 years$1,099$683$409$239$136$74
42 years$1,061$650$384$220$124$66
43 years$1,024$620$360$203$112$59
44 years$990$591$338$188$102$53
45 years$957$563$318$173$92$47
46 years$925$537$298$160$84$42
47 years$895$513$280$148$76$37
48 years$867$490$263$137$69$33
49 years$839$467$248$126$63$30
50 years$813$447$233$117$57$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $833,000, adding $2,086 every year, while hoping to spend $57,986 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: 50/25/25 Blend
55$833,000$833,000$833,000$833,000
56$920,118$875,969$863,057$959,546
57$952,273$857,195$830,273$968,443
58$985,765$835,557$794,447$972,105
59$1,020,668$810,854$755,416$974,917
60$1,057,064$782,874$713,010$976,825
61$1,095,039$751,389$667,050$977,770
62$1,134,687$716,161$617,351$977,694
63$1,176,110$676,938$563,717$976,537
64$1,219,417$633,452$505,946$974,236
65$1,264,727$585,421$443,824$970,728
66$1,312,168$532,545$377,131$965,947
67$1,361,878$474,509$305,634$959,829
68$1,414,009$410,979$229,092$952,306
69$1,468,724$341,603$147,252$943,310
70$1,526,199$266,008$59,851$932,774
71$1,586,629$183,799$0$920,630
72$1,650,223$94,563$0$915,725
73$1,717,208$0$0$926,696
74$1,787,834$0$0$938,163
75$1,862,371$0$0$977,754
76$1,941,114$0$0$1,019,617
77$2,024,386$0$0$1,063,927
78$2,112,538$0$0$1,110,876
79$2,205,954$0$0$1,160,674
80$2,305,053$0$0$1,213,551
81$2,410,294$0$0$1,269,758
82$2,522,178$0$0$1,329,570
83$2,641,255$0$0$1,393,287
84$2,768,125$0$0$1,461,237
85$2,903,446$0$0$1,533,783
86$3,047,938$0$0$1,611,319
87$3,202,391$0$0$1,694,278
88$3,367,671$0$0$1,783,134
89$3,544,726$0$0$1,878,409
90$3,734,597$0$0$1,980,674
91$3,938,427$0$0$2,090,556
92$4,157,470$0$0$2,208,744
93$4,393,100$0$0$2,335,992
94$4,646,829$0$0$2,473,132
95$4,920,315$0$0$2,621,074
96$5,215,382$0$0$2,780,820
97$5,534,032$0$0$2,953,471
98$5,878,463$0$0$3,140,236
99$6,251,096$0$0$3,342,444
100$6,654,588$0$0$3,561,558