Can I retire at age 56 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$69,449$68,830$68,227$67,638$67,063$66,724
2 years$34,381$33,740$33,120$32,518$31,935$31,593
3 years$22,693$22,050$21,431$20,835$20,261$19,926
4 years$16,850$16,209$15,596$15,010$14,450$14,126
5 years$13,345$12,708$12,103$11,529$10,985$10,671
6 years$11,009$10,377$9,781$9,220$8,692$8,390
7 years$9,342$8,715$8,128$7,580$7,069$6,778
8 years$8,091$7,470$6,893$6,359$5,864$5,585
9 years$7,120$6,504$5,937$5,416$4,939$4,671
10 years$6,343$5,733$5,176$4,669$4,208$3,952
11 years$5,707$5,104$4,557$4,063$3,619$3,374
12 years$5,178$4,581$4,044$3,564$3,136$2,902
13 years$4,731$4,140$3,613$3,147$2,735$2,512
14 years$4,348$3,763$3,247$2,793$2,397$2,185
15 years$4,016$3,437$2,931$2,491$2,111$1,909
16 years$3,726$3,154$2,658$2,230$1,865$1,673
17 years$3,470$2,905$2,418$2,004$1,654$1,472
18 years$3,243$2,684$2,208$1,806$1,471$1,298
19 years$3,041$2,487$2,021$1,632$1,311$1,147
20 years$2,858$2,311$1,855$1,478$1,171$1,016
21 years$2,694$2,153$1,706$1,341$1,048$901
22 years$2,544$2,010$1,572$1,220$939$801
23 years$2,408$1,880$1,452$1,111$843$712
24 years$2,283$1,761$1,343$1,013$758$634
25 years$2,168$1,653$1,244$925$682$566
26 years$2,063$1,553$1,153$846$614$505
27 years$1,965$1,462$1,071$774$554$451
28 years$1,874$1,378$996$709$500$403
29 years$1,790$1,300$926$651$451$361
30 years$1,712$1,227$863$597$408$323
31 years$1,639$1,160$805$548$369$289
32 years$1,570$1,098$751$504$333$259
33 years$1,506$1,040$701$463$302$232
34 years$1,446$985$655$426$273$208
35 years$1,389$935$612$393$247$186
36 years$1,336$887$573$362$224$167
37 years$1,285$842$536$333$203$150
38 years$1,238$801$502$307$184$135
39 years$1,193$761$470$283$167$121
40 years$1,150$724$441$261$152$109
41 years$1,109$689$413$241$137$97
42 years$1,071$657$388$222$125$88
43 years$1,034$626$364$205$113$79
44 years$999$596$342$189$103$71
45 years$966$569$321$175$93$63
46 years$934$543$301$162$85$57
47 years$904$518$283$149$77$51
48 years$875$494$266$138$70$46
49 years$848$472$250$128$63$41
50 years$821$451$235$118$58$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $841,000, adding $2,367 every year, while hoping to spend $30,457 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: 41/48/11 Blend
55$841,000$841,000$841,000$841,000
56$929,224$884,651$871,615$964,202
57$991,598$895,592$868,408$999,934
58$1,059,315$906,050$864,073$1,035,373
59$1,132,885$915,966$858,540$1,073,050
60$1,212,873$925,283$851,735$1,113,183
61$1,299,900$933,936$843,582$1,156,011
62$1,394,648$941,857$834,000$1,201,799
63$1,497,869$948,974$822,905$1,250,841
64$1,610,388$955,210$810,209$1,303,461
65$1,733,116$960,484$795,820$1,360,019
66$1,867,054$964,707$779,640$1,420,912
67$2,013,304$967,789$761,568$1,486,581
68$2,173,079$969,629$741,499$1,557,512
69$2,347,716$970,124$719,322$1,634,243
70$2,538,685$969,162$694,921$1,717,371
71$2,747,605$966,625$668,175$1,807,552
72$2,976,259$962,387$638,958$1,905,516
73$3,226,610$956,317$607,136$2,012,068
74$3,500,821$948,273$572,571$2,128,098
75$3,801,271$938,105$535,119$2,254,589
76$4,130,583$925,655$494,628$2,392,630
77$4,491,646$910,755$450,941$2,543,423
78$4,887,638$893,226$403,892$2,708,297
79$5,322,064$872,881$353,309$2,888,719
80$5,798,781$849,519$299,011$3,086,313
81$6,322,041$822,929$240,812$3,302,871
82$6,896,524$792,888$178,514$3,540,374
83$7,527,388$759,158$111,913$3,801,009
84$8,220,314$721,489$40,794$4,087,192
85$8,981,560$679,616$0$4,401,593
86$9,818,020$633,258$0$4,751,279
87$10,737,290$582,120$0$5,140,762
88$11,747,737$525,888$0$5,568,873
89$12,858,581$464,230$0$6,039,609
90$14,079,976$396,797$0$6,557,383
91$15,423,113$323,220$0$7,127,064
92$16,900,319$243,107$0$7,754,026
93$18,525,179$156,046$0$8,444,198
94$20,312,656$61,601$0$9,204,122
95$22,279,240$0$0$10,041,016
96$24,443,099$0$0$10,984,335
97$26,824,249$0$0$12,058,311
98$29,444,747$0$0$13,240,370
99$32,328,896$0$0$14,541,490
100$35,503,472$0$0$15,973,769