Can I retire at age 56 with 851,000?

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 $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%13.5%
1 years$70,275$69,649$69,038$68,442$67,860$66,873
2 years$34,789$34,142$33,514$32,905$32,314$31,322
3 years$22,963$22,312$21,686$21,082$20,501$19,535
4 years$17,050$16,402$15,782$15,189$14,622$13,689
5 years$13,504$12,859$12,247$11,666$11,115$10,218
6 years$11,140$10,500$9,897$9,330$8,795$7,934
7 years$9,453$8,818$8,225$7,670$7,153$6,329
8 years$8,188$7,559$6,975$6,435$5,934$5,147
9 years$7,204$6,581$6,008$5,481$4,997$4,247
10 years$6,418$5,801$5,238$4,725$4,258$3,543
11 years$5,775$5,164$4,611$4,112$3,662$2,983
12 years$5,240$4,635$4,092$3,607$3,173$2,529
13 years$4,787$4,189$3,656$3,184$2,767$2,156
14 years$4,399$3,808$3,285$2,826$2,426$1,847
15 years$4,064$3,478$2,966$2,521$2,136$1,589
16 years$3,770$3,191$2,689$2,257$1,888$1,371
17 years$3,512$2,939$2,447$2,028$1,674$1,187
18 years$3,282$2,716$2,234$1,828$1,488$1,029
19 years$3,077$2,517$2,045$1,651$1,326$895
20 years$2,892$2,339$1,877$1,496$1,185$779
21 years$2,726$2,179$1,726$1,357$1,060$680
22 years$2,574$2,034$1,591$1,234$950$593
23 years$2,436$1,902$1,469$1,124$853$519
24 years$2,310$1,782$1,359$1,025$767$454
25 years$2,194$1,672$1,258$936$690$398
26 years$2,087$1,572$1,167$856$622$348
27 years$1,988$1,479$1,084$784$560$306
28 years$1,897$1,394$1,007$718$506$268
29 years$1,812$1,315$938$658$457$235
30 years$1,732$1,242$873$604$413$207
31 years$1,658$1,174$814$555$373$182
32 years$1,589$1,111$760$510$337$160
33 years$1,524$1,052$709$469$305$140
34 years$1,463$997$663$431$276$123
35 years$1,406$946$620$397$250$109
36 years$1,352$898$580$366$227$96
37 years$1,301$852$542$337$206$84
38 years$1,252$810$508$311$186$74
39 years$1,207$770$476$286$169$65
40 years$1,163$733$446$264$153$57
41 years$1,122$698$418$244$139$50
42 years$1,083$664$392$225$126$44
43 years$1,046$633$368$208$115$39
44 years$1,011$603$346$192$104$34
45 years$977$575$325$177$94$30
46 years$945$549$305$164$86$27
47 years$915$524$286$151$78$24
48 years$886$500$269$140$71$21
49 years$858$478$253$129$64$18
50 years$831$456$238$119$58$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $851,000, adding $2,426 every year, while hoping to spend $22,247 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: 53/25/22 Blend
55$851,000$851,000$851,000$851,000
56$940,304$895,201$882,011$984,319
57$1,012,545$915,396$887,888$1,035,073
58$1,091,408$935,834$893,216$1,087,760
59$1,177,546$956,504$897,953$1,144,624
60$1,271,677$977,394$902,056$1,206,072
61$1,374,591$998,490$905,478$1,272,551
62$1,487,159$1,019,774$908,170$1,344,553
63$1,610,337$1,041,231$910,082$1,422,622
64$1,745,181$1,062,842$911,159$1,507,358
65$1,892,854$1,084,585$911,347$1,599,421
66$2,054,633$1,106,437$910,585$1,699,537
67$2,231,927$1,128,375$908,812$1,808,511
68$2,426,290$1,150,371$905,963$1,927,225
69$2,639,428$1,172,396$901,969$2,056,656
70$2,873,225$1,194,419$896,760$2,197,878
71$3,129,753$1,216,404$890,261$2,352,076
72$3,411,296$1,238,316$882,393$2,520,556
73$3,720,368$1,260,114$873,074$2,704,759
74$4,059,742$1,281,756$862,218$2,906,271
75$4,432,469$1,303,195$849,735$3,126,843
76$4,841,910$1,324,381$835,531$3,368,403
77$5,291,771$1,345,261$819,507$3,633,080
78$5,786,130$1,365,778$801,559$3,923,218
79$6,329,485$1,385,870$781,580$4,241,402
80$6,926,786$1,405,472$759,457$4,590,481
81$7,583,490$1,424,512$735,071$4,973,596
82$8,305,609$1,442,916$708,299$5,394,212
83$9,099,765$1,460,603$679,010$5,856,144
84$9,973,254$1,477,486$647,071$6,363,603
85$10,934,117$1,493,474$612,339$6,921,228
86$11,991,211$1,508,468$574,666$7,534,132
87$13,154,296$1,522,364$533,899$8,207,953
88$14,434,125$1,535,051$489,875$8,948,907
89$15,842,546$1,546,409$442,426$9,763,843
90$17,392,615$1,556,312$391,377$10,660,314
91$19,098,716$1,564,625$336,542$11,646,645
92$20,976,699$1,571,205$277,730$12,732,010
93$23,044,028$1,575,900$214,740$13,926,527
94$25,319,947$1,578,548$147,362$15,241,343
95$27,825,662$1,578,977$75,379$16,688,749
96$30,584,536$1,577,003$0$18,282,292
97$33,622,316$1,572,434$0$20,037,242
98$36,967,372$1,565,063$0$21,988,626
99$40,650,964$1,554,671$0$24,136,931
100$44,707,539$1,541,027$0$26,502,215