Can I retire at age 56 with 852,000?

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 $852,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$70,357$69,731$69,119$68,522$67,940$65,712
2 years$34,830$34,182$33,553$32,943$32,352$30,129
3 years$22,990$22,338$21,711$21,107$20,526$18,377
4 years$17,070$16,421$15,800$15,207$14,639$12,581
5 years$13,520$12,874$12,262$11,680$11,128$9,167
6 years$11,153$10,513$9,909$9,341$8,805$6,942
7 years$9,464$8,829$8,235$7,679$7,161$5,395
8 years$8,197$7,568$6,984$6,442$5,941$4,272
9 years$7,213$6,589$6,015$5,487$5,003$3,428
10 years$6,425$5,808$5,244$4,730$4,263$2,780
11 years$5,782$5,170$4,617$4,117$3,666$2,273
12 years$5,246$4,641$4,097$3,611$3,177$1,870
13 years$4,793$4,194$3,661$3,188$2,770$1,546
14 years$4,405$3,812$3,289$2,830$2,429$1,283
15 years$4,068$3,482$2,970$2,524$2,138$1,069
16 years$3,775$3,195$2,692$2,260$1,890$893
17 years$3,516$2,943$2,450$2,030$1,676$747
18 years$3,286$2,719$2,236$1,830$1,490$627
19 years$3,080$2,520$2,047$1,653$1,328$526
20 years$2,896$2,342$1,879$1,497$1,186$443
21 years$2,729$2,181$1,728$1,359$1,062$373
22 years$2,577$2,036$1,593$1,236$951$314
23 years$2,439$1,904$1,471$1,125$854$265
24 years$2,313$1,784$1,360$1,026$768$224
25 years$2,197$1,674$1,260$937$691$189
26 years$2,090$1,574$1,168$857$622$159
27 years$1,991$1,481$1,085$784$561$135
28 years$1,899$1,396$1,009$719$506$114
29 years$1,814$1,317$939$659$457$96
30 years$1,734$1,243$874$605$413$81
31 years$1,660$1,175$815$556$373$69
32 years$1,591$1,112$760$511$338$58
33 years$1,526$1,053$710$469$306$49
34 years$1,465$998$663$432$277$42
35 years$1,407$947$620$398$251$35
36 years$1,353$899$580$366$227$30
37 years$1,302$853$543$337$206$25
38 years$1,254$811$509$311$187$21
39 years$1,208$771$476$287$169$18
40 years$1,165$734$447$265$154$15
41 years$1,124$699$419$244$139$13
42 years$1,085$665$393$225$126$11
43 years$1,048$634$369$208$115$9
44 years$1,012$604$346$192$104$8
45 years$979$576$325$177$95$7
46 years$947$550$305$164$86$6
47 years$916$525$287$151$78$5
48 years$887$501$269$140$71$4
49 years$859$478$253$129$64$3
50 years$832$457$238$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $852,000, adding $6,457 every year, while hoping to spend $28,336 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: 46/30/24 Blend
55$852,000$852,000$852,000$852,000
56$945,564$900,408$887,202$982,282
57$1,011,863$914,379$886,774$1,022,744
58$1,083,974$928,085$885,382$1,063,333
59$1,162,460$941,482$882,964$1,106,804
60$1,247,942$954,526$879,454$1,153,441
61$1,341,101$967,166$874,785$1,203,557
62$1,442,687$979,351$868,883$1,257,499
63$1,553,525$991,023$861,675$1,315,648
64$1,674,525$1,002,124$853,082$1,378,427
65$1,806,688$1,012,589$843,021$1,446,302
66$1,951,113$1,022,349$831,405$1,519,790
67$2,109,015$1,031,332$818,146$1,599,459
68$2,281,727$1,039,460$803,146$1,685,938
69$2,470,720$1,046,651$786,309$1,779,922
70$2,677,613$1,052,816$767,529$1,882,178
71$2,904,187$1,057,862$746,699$1,993,553
72$3,152,406$1,061,689$723,706$2,114,983
73$3,424,431$1,064,191$698,429$2,247,502
74$3,722,643$1,065,256$670,746$2,392,248
75$4,049,663$1,064,764$640,527$2,550,483
76$4,408,379$1,062,589$607,635$2,723,596
77$4,801,973$1,058,594$571,930$2,913,122
78$5,233,947$1,052,638$533,263$3,120,756
79$5,708,161$1,044,569$491,478$3,348,368
80$6,228,866$1,034,226$446,415$3,598,022
81$6,800,745$1,021,437$397,905$3,871,997
82$7,428,956$1,006,023$345,770$4,172,807
83$8,119,182$987,791$289,826$4,503,226
84$8,877,685$966,538$229,881$4,866,318
85$9,711,361$942,051$165,734$5,265,460
86$10,627,808$914,100$97,175$5,704,382
87$11,635,399$882,445$23,984$6,187,196
88$12,743,356$846,831$0$6,718,442
89$13,961,840$806,988$0$7,316,986
90$15,302,048$762,630$0$7,981,948
91$16,776,314$713,456$0$8,713,336
92$18,398,229$659,147$0$9,517,940
93$20,182,767$599,364$0$10,403,243
94$22,146,428$533,751$0$11,377,496
95$24,307,391$461,932$0$12,449,796
96$26,685,685$383,507$0$13,630,170
97$29,303,382$298,056$0$14,929,674
98$32,184,801$205,134$0$16,360,494
99$35,356,737$104,272$0$17,936,067
100$38,848,716$0$0$19,671,202