Can I retire at age 56 with 855,000?

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 $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$70,605$69,976$69,363$68,764$68,179$66,558
2 years$34,953$34,302$33,671$33,059$32,466$30,842
3 years$23,071$22,417$21,787$21,182$20,598$19,022
4 years$17,130$16,479$15,856$15,260$14,691$13,175
5 years$13,567$12,920$12,305$11,721$11,168$9,716
6 years$11,193$10,550$9,944$9,374$8,836$7,451
7 years$9,497$8,860$8,264$7,707$7,186$5,867
8 years$8,226$7,594$7,008$6,465$5,962$4,708
9 years$7,238$6,612$6,036$5,507$5,021$3,832
10 years$6,448$5,828$5,262$4,747$4,278$3,152
11 years$5,802$5,189$4,633$4,131$3,679$2,615
12 years$5,264$4,657$4,112$3,624$3,188$2,184
13 years$4,810$4,209$3,673$3,199$2,780$1,834
14 years$4,420$3,826$3,301$2,840$2,437$1,547
15 years$4,083$3,495$2,980$2,533$2,146$1,310
16 years$3,788$3,206$2,702$2,268$1,897$1,112
17 years$3,528$2,953$2,459$2,037$1,682$947
18 years$3,297$2,729$2,244$1,836$1,495$808
19 years$3,091$2,529$2,055$1,659$1,333$690
20 years$2,906$2,350$1,886$1,503$1,190$591
21 years$2,738$2,189$1,734$1,364$1,065$506
22 years$2,586$2,043$1,599$1,240$955$434
23 years$2,448$1,911$1,476$1,129$857$373
24 years$2,321$1,790$1,365$1,030$770$321
25 years$2,204$1,680$1,264$941$693$276
26 years$2,097$1,579$1,173$860$624$237
27 years$1,998$1,486$1,089$787$563$204
28 years$1,906$1,400$1,012$721$508$176
29 years$1,820$1,321$942$661$459$152
30 years$1,740$1,248$877$607$414$131
31 years$1,666$1,179$818$557$375$113
32 years$1,596$1,116$763$512$339$97
33 years$1,531$1,057$713$471$307$84
34 years$1,470$1,002$666$433$278$72
35 years$1,412$950$622$399$252$62
36 years$1,358$902$582$368$228$54
37 years$1,307$856$545$339$207$46
38 years$1,258$814$510$312$187$40
39 years$1,212$774$478$288$170$35
40 years$1,169$736$448$265$154$30
41 years$1,128$701$420$245$140$26
42 years$1,089$668$394$226$127$22
43 years$1,051$636$370$209$115$19
44 years$1,016$606$347$193$104$17
45 years$982$578$326$178$95$14
46 years$950$552$306$164$86$12
47 years$919$526$288$152$78$11
48 years$890$502$270$140$71$9
49 years$862$480$254$130$64$8
50 years$835$458$239$120$59$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $855,000, adding $6,533 every year, while hoping to spend $23,355 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: 41/32/27 Blend
55$855,000$855,000$855,000$855,000
56$948,949$903,634$890,381$980,094
57$1,020,892$923,062$895,360$1,022,612
58$1,099,391$942,660$899,722$1,065,927
59$1,185,089$962,411$903,423$1,112,364
60$1,278,695$982,296$906,415$1,162,223
61$1,380,991$1,002,297$908,648$1,215,836
62$1,492,834$1,022,392$910,070$1,273,570
63$1,615,171$1,042,557$910,625$1,335,829
64$1,749,044$1,062,768$910,257$1,403,060
65$1,895,599$1,082,996$908,903$1,475,754
66$2,056,100$1,103,212$906,501$1,554,454
67$2,231,937$1,123,385$902,983$1,639,759
68$2,424,641$1,143,478$898,281$1,732,331
69$2,635,901$1,163,455$892,319$1,832,898
70$2,867,574$1,183,275$885,023$1,942,265
71$3,121,706$1,202,894$876,310$2,061,319
72$3,400,550$1,222,267$866,097$2,191,041
73$3,706,591$1,241,342$854,296$2,332,509
74$4,042,562$1,260,067$840,814$2,486,916
75$4,411,476$1,278,383$825,554$2,655,577
76$4,816,651$1,296,228$808,414$2,839,942
77$5,261,743$1,313,537$789,290$3,041,611
78$5,750,778$1,330,238$768,069$3,262,348
79$6,288,195$1,346,256$744,636$3,504,102
80$6,878,878$1,361,511$718,869$3,769,018
81$7,528,215$1,375,916$690,642$4,059,466
82$8,242,135$1,389,378$659,821$4,378,058
83$9,027,176$1,401,801$626,268$4,727,676
84$9,890,538$1,413,079$589,838$5,111,497
85$10,840,155$1,423,102$550,379$5,533,027
86$11,884,767$1,431,750$507,733$5,996,130
87$13,034,005$1,438,898$461,734$6,505,071
88$14,298,481$1,444,411$412,210$7,064,549
89$15,689,886$1,448,147$358,979$7,679,751
90$17,221,102$1,449,955$301,853$8,356,392
91$18,906,325$1,449,672$240,635$9,100,776
92$20,761,193$1,447,129$175,119$9,919,857
93$22,802,940$1,442,144$105,091$10,821,299
94$25,050,555$1,434,524$30,327$11,813,555
95$27,524,960$1,424,064$0$12,905,944
96$30,249,211$1,410,549$0$14,122,991
97$33,248,712$1,393,747$0$15,472,028
98$36,551,456$1,373,415$0$16,956,874
99$40,188,287$1,349,296$0$18,591,378
100$44,193,196$1,321,115$0$20,390,804