Can I retire at age 56 with 855,000?

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 $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%14.8%
1 years$70,605$69,976$69,363$68,764$68,179$66,830
2 years$34,953$34,302$33,671$33,059$32,466$31,113
3 years$23,071$22,417$21,787$21,182$20,598$19,282
4 years$17,130$16,479$15,856$15,260$14,691$13,423
5 years$13,567$12,920$12,305$11,721$11,168$9,951
6 years$11,193$10,550$9,944$9,374$8,836$7,673
7 years$9,497$8,860$8,264$7,707$7,186$6,076
8 years$8,226$7,594$7,008$6,465$5,962$4,904
9 years$7,238$6,612$6,036$5,507$5,021$4,015
10 years$6,448$5,828$5,262$4,747$4,278$3,324
11 years$5,802$5,189$4,633$4,131$3,679$2,775
12 years$5,264$4,657$4,112$3,624$3,188$2,333
13 years$4,810$4,209$3,673$3,199$2,780$1,972
14 years$4,420$3,826$3,301$2,840$2,437$1,675
15 years$4,083$3,495$2,980$2,533$2,146$1,428
16 years$3,788$3,206$2,702$2,268$1,897$1,221
17 years$3,528$2,953$2,459$2,037$1,682$1,047
18 years$3,297$2,729$2,244$1,836$1,495$900
19 years$3,091$2,529$2,055$1,659$1,333$775
20 years$2,906$2,350$1,886$1,503$1,190$668
21 years$2,738$2,189$1,734$1,364$1,065$577
22 years$2,586$2,043$1,599$1,240$955$499
23 years$2,448$1,911$1,476$1,129$857$432
24 years$2,321$1,790$1,365$1,030$770$374
25 years$2,204$1,680$1,264$941$693$324
26 years$2,097$1,579$1,173$860$624$281
27 years$1,998$1,486$1,089$787$563$244
28 years$1,906$1,400$1,012$721$508$212
29 years$1,820$1,321$942$661$459$184
30 years$1,740$1,248$877$607$414$160
31 years$1,666$1,179$818$557$375$139
32 years$1,596$1,116$763$512$339$121
33 years$1,531$1,057$713$471$307$105
34 years$1,470$1,002$666$433$278$91
35 years$1,412$950$622$399$252$80
36 years$1,358$902$582$368$228$69
37 years$1,307$856$545$339$207$60
38 years$1,258$814$510$312$187$52
39 years$1,212$774$478$288$170$46
40 years$1,169$736$448$265$154$40
41 years$1,128$701$420$245$140$35
42 years$1,089$668$394$226$127$30
43 years$1,051$636$370$209$115$26
44 years$1,016$606$347$193$104$23
45 years$982$578$326$178$95$20
46 years$950$552$306$164$86$17
47 years$919$526$288$152$78$15
48 years$890$502$270$140$71$13
49 years$862$480$254$130$64$11
50 years$835$458$239$120$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $855,000, adding $4,119 every year, while hoping to spend $38,851 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: 72/15/13 Blend
55$855,000$855,000$855,000$855,000
56$946,459$901,144$887,891$1,011,684
57$1,001,660$903,963$876,298$1,058,251
58$1,061,190$905,618$863,015$1,104,071
59$1,125,449$906,010$847,944$1,153,208
60$1,194,877$905,037$830,982$1,205,981
61$1,269,958$902,587$812,023$1,262,741
62$1,351,223$898,543$790,955$1,323,879
63$1,439,256$892,780$767,660$1,389,820
64$1,534,700$885,166$742,017$1,461,040
65$1,638,261$875,561$713,896$1,538,058
66$1,750,717$863,817$683,165$1,621,450
67$1,872,922$849,776$649,683$1,711,851
68$2,005,817$833,271$613,304$1,809,962
69$2,150,435$814,126$573,874$1,916,553
70$2,307,915$792,154$531,235$2,032,479
71$2,479,509$767,156$485,218$2,158,679
72$2,666,596$738,924$435,650$2,296,190
73$2,870,692$707,235$382,347$2,446,157
74$3,093,467$671,854$325,120$2,609,842
75$3,336,759$632,533$263,770$2,788,637
76$3,602,592$589,010$198,090$2,984,080
77$3,893,192$541,007$127,861$3,197,865
78$4,211,012$488,231$52,859$3,431,861
79$4,558,752$430,371$0$3,688,130
80$4,939,385$367,100$0$3,972,717
81$5,356,186$298,071$0$4,292,431
82$5,812,759$222,919$0$4,642,735
83$6,313,075$141,257$0$5,026,717
84$6,861,507$52,677$0$5,447,784
85$7,462,871$0$0$5,909,687
86$8,122,472$0$0$6,423,705
87$8,846,150$0$0$6,997,239
88$9,640,342$0$0$7,626,701
89$10,512,136$0$0$8,317,714
90$11,469,340$0$0$9,076,472
91$12,520,556$0$0$9,909,800
92$13,675,257$0$0$10,825,214
93$14,943,883$0$0$11,830,996
94$16,337,932$0$0$12,936,269
95$17,870,071$0$0$14,151,082
96$19,554,258$0$0$15,486,509
97$21,405,866$0$0$16,954,748
98$23,441,837$0$0$18,569,239
99$25,680,833$0$0$20,344,788
100$28,143,416$0$0$22,297,710