Can I retire at age 56 with 851,000?

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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$70,275$69,649$69,038$68,442$67,860$66,300
2 years$34,789$34,142$33,514$32,905$32,314$30,752
3 years$22,963$22,312$21,686$21,082$20,501$18,984
4 years$17,050$16,402$15,782$15,189$14,622$13,162
5 years$13,504$12,859$12,247$11,666$11,115$9,717
6 years$11,140$10,500$9,897$9,330$8,795$7,460
7 years$9,453$8,818$8,225$7,670$7,153$5,881
8 years$8,188$7,559$6,975$6,435$5,934$4,725
9 years$7,204$6,581$6,008$5,481$4,997$3,850
10 years$6,418$5,801$5,238$4,725$4,258$3,171
11 years$5,775$5,164$4,611$4,112$3,662$2,634
12 years$5,240$4,635$4,092$3,607$3,173$2,203
13 years$4,787$4,189$3,656$3,184$2,767$1,852
14 years$4,399$3,808$3,285$2,826$2,426$1,565
15 years$4,064$3,478$2,966$2,521$2,136$1,326
16 years$3,770$3,191$2,689$2,257$1,888$1,128
17 years$3,512$2,939$2,447$2,028$1,674$962
18 years$3,282$2,716$2,234$1,828$1,488$821
19 years$3,077$2,517$2,045$1,651$1,326$703
20 years$2,892$2,339$1,877$1,496$1,185$603
21 years$2,726$2,179$1,726$1,357$1,060$517
22 years$2,574$2,034$1,591$1,234$950$444
23 years$2,436$1,902$1,469$1,124$853$382
24 years$2,310$1,782$1,359$1,025$767$329
25 years$2,194$1,672$1,258$936$690$283
26 years$2,087$1,572$1,167$856$622$244
27 years$1,988$1,479$1,084$784$560$211
28 years$1,897$1,394$1,007$718$506$182
29 years$1,812$1,315$938$658$457$157
30 years$1,732$1,242$873$604$413$135
31 years$1,658$1,174$814$555$373$117
32 years$1,589$1,111$760$510$337$101
33 years$1,524$1,052$709$469$305$87
34 years$1,463$997$663$431$276$75
35 years$1,406$946$620$397$250$65
36 years$1,352$898$580$366$227$56
37 years$1,301$852$542$337$206$49
38 years$1,252$810$508$311$186$42
39 years$1,207$770$476$286$169$36
40 years$1,163$733$446$264$153$31
41 years$1,122$698$418$244$139$27
42 years$1,083$664$392$225$126$24
43 years$1,046$633$368$208$115$20
44 years$1,011$603$346$192$104$18
45 years$977$575$325$177$94$15
46 years$945$549$305$164$86$13
47 years$915$524$286$151$78$11
48 years$886$500$269$140$71$10
49 years$858$478$253$129$64$9
50 years$831$456$238$119$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $851,000, adding $5,012 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: 56/32/12 Blend
55$851,000$851,000$851,000$851,000
56$942,972$897,869$884,678$992,644
57$1,004,547$907,256$879,707$1,036,233
58$1,071,312$916,013$873,478$1,079,686
59$1,143,762$924,074$865,917$1,126,252
60$1,222,443$931,371$856,942$1,176,232
61$1,307,953$937,829$846,470$1,229,963
62$1,400,950$943,368$834,413$1,287,813
63$1,502,160$947,907$820,679$1,350,189
64$1,612,381$951,354$805,172$1,417,544
65$1,732,489$953,616$787,791$1,490,373
66$1,863,452$954,592$768,430$1,569,226
67$2,006,331$954,174$746,980$1,654,710
68$2,162,297$952,250$723,324$1,747,494
69$2,332,639$948,697$697,343$1,848,319
70$2,518,774$943,389$668,910$1,958,000
71$2,722,263$936,189$637,892$2,077,438
72$2,944,825$926,954$604,153$2,207,631
73$3,188,352$915,530$567,547$2,349,675
74$3,454,929$901,755$527,925$2,504,785
75$3,746,849$885,459$485,128$2,674,298
76$4,066,640$866,459$438,992$2,859,694
77$4,417,085$844,563$389,345$3,062,604
78$4,801,248$819,566$336,009$3,284,829
79$5,222,504$791,254$278,794$3,528,356
80$5,684,572$759,398$217,506$3,795,379
81$6,191,546$723,756$151,940$4,088,317
82$6,747,936$684,073$81,883$4,409,844
83$7,358,711$640,078$7,111$4,762,906
84$8,029,344$591,486$0$5,150,756
85$8,765,862$537,994$0$5,586,290
86$9,574,907$479,283$0$6,065,737
87$10,463,796$415,015$0$6,592,588
88$11,440,586$344,834$0$7,171,696
89$12,514,158$268,363$0$7,808,414
90$13,694,293$185,204$0$8,508,645
91$14,991,768$94,936$0$9,278,899
92$16,418,456$0$0$10,126,353
93$17,987,439$0$0$11,059,938
94$19,713,128$0$0$12,123,620
95$21,611,403$0$0$13,293,769
96$23,699,760$0$0$14,581,179
97$25,997,474$0$0$15,997,746
98$28,525,787$0$0$17,556,574
99$31,308,099$0$0$19,272,106
100$34,370,196$0$0$21,160,252