Can I retire at age 56 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$70,440$69,813$69,200$68,603$68,019$66,810
2 years$34,871$34,222$33,592$32,982$32,390$31,176
3 years$23,017$22,364$21,737$21,132$20,550$19,368
4 years$17,090$16,440$15,819$15,224$14,656$13,517
5 years$13,536$12,889$12,276$11,694$11,141$10,047
6 years$11,167$10,525$9,921$9,352$8,816$7,768
7 years$9,475$8,839$8,244$7,688$7,170$6,169
8 years$8,207$7,577$6,992$6,450$5,948$4,994
9 years$7,221$6,597$6,022$5,494$5,009$4,101
10 years$6,433$5,815$5,250$4,736$4,268$3,405
11 years$5,789$5,177$4,622$4,121$3,671$2,852
12 years$5,252$4,646$4,102$3,615$3,181$2,405
13 years$4,798$4,199$3,665$3,192$2,774$2,040
14 years$4,410$3,817$3,293$2,833$2,431$1,738
15 years$4,073$3,487$2,973$2,527$2,141$1,487
16 years$3,779$3,199$2,696$2,262$1,892$1,276
17 years$3,520$2,946$2,453$2,033$1,678$1,098
18 years$3,290$2,722$2,239$1,832$1,492$947
19 years$3,084$2,523$2,050$1,655$1,330$818
20 years$2,899$2,344$1,881$1,499$1,188$708
21 years$2,732$2,184$1,730$1,361$1,063$614
22 years$2,580$2,038$1,595$1,237$953$533
23 years$2,442$1,907$1,472$1,127$855$463
24 years$2,315$1,786$1,362$1,028$769$403
25 years$2,199$1,676$1,261$938$692$350
26 years$2,092$1,575$1,170$858$623$305
27 years$1,993$1,483$1,086$785$562$266
28 years$1,901$1,397$1,010$720$507$232
29 years$1,816$1,318$940$660$458$202
30 years$1,736$1,245$875$606$414$176
31 years$1,662$1,177$816$556$374$154
32 years$1,593$1,113$761$511$338$135
33 years$1,528$1,054$711$470$306$117
34 years$1,466$999$664$432$277$103
35 years$1,409$948$621$398$251$90
36 years$1,355$900$581$367$227$78
37 years$1,304$854$544$338$206$68
38 years$1,255$812$509$311$187$60
39 years$1,210$772$477$287$169$52
40 years$1,166$735$447$265$154$46
41 years$1,125$699$419$244$139$40
42 years$1,086$666$393$225$127$35
43 years$1,049$635$369$208$115$31
44 years$1,013$605$346$192$104$27
45 years$980$577$325$177$95$23
46 years$948$550$306$164$86$20
47 years$917$525$287$151$78$18
48 years$888$501$270$140$71$16
49 years$860$479$254$129$64$14
50 years$833$457$238$120$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $853,000, adding $3,761 every year, while hoping to spend $54,332 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: 59/32/9 Blend
55$853,000$853,000$853,000$853,000
56$943,885$898,676$885,455$997,418
57$982,353$884,903$857,309$1,020,053
58$1,022,923$868,633$826,399$1,038,238
59$1,065,753$849,688$792,575$1,056,728
60$1,111,014$827,877$755,681$1,075,555
61$1,158,894$802,999$715,552$1,094,759
62$1,209,595$774,840$672,017$1,114,385
63$1,263,342$743,175$624,898$1,134,486
64$1,320,377$707,765$574,006$1,155,122
65$1,380,967$668,358$519,147$1,176,364
66$1,445,404$624,686$460,117$1,198,293
67$1,514,006$576,466$396,702$1,221,002
68$1,587,123$523,401$328,679$1,244,596
69$1,665,136$465,174$255,816$1,269,198
70$1,748,464$401,452$177,871$1,294,944
71$1,837,567$331,882$94,589$1,321,992
72$1,932,947$256,092$5,705$1,350,520
73$2,035,156$173,690$0$1,380,728
74$2,144,799$84,258$0$1,421,404
75$2,262,541$0$0$1,465,387
76$2,389,110$0$0$1,516,897
77$2,525,307$0$0$1,604,301
78$2,672,009$0$0$1,698,500
79$2,830,183$0$0$1,800,119
80$3,000,888$0$0$1,909,847
81$3,185,288$0$0$2,028,441
82$3,384,664$0$0$2,156,730
83$3,600,422$0$0$2,295,629
84$3,834,109$0$0$2,446,141
85$4,087,425$0$0$2,609,370
86$4,362,240$0$0$2,786,531
87$4,660,610$0$0$2,978,959
88$4,984,796$0$0$3,188,123
89$5,337,287$0$0$3,415,640
90$5,720,818$0$0$3,663,286
91$6,138,403$0$0$3,933,018
92$6,593,354$0$0$4,226,990
93$7,089,319$0$0$4,547,570
94$7,630,310$0$0$4,897,366
95$8,220,746$0$0$5,279,249
96$8,865,488$0$0$5,696,377
97$9,569,891$0$0$6,152,231
98$10,339,846$0$0$6,650,638
99$11,181,843$0$0$7,195,815
100$12,103,024$0$0$7,792,405