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%13.7%
1 years$70,605$69,976$69,363$68,764$68,179$67,132
2 years$34,953$34,302$33,671$33,059$32,466$31,414
3 years$23,071$22,417$21,787$21,182$20,598$19,573
4 years$17,130$16,479$15,856$15,260$14,691$13,701
5 years$13,567$12,920$12,305$11,721$11,168$10,217
6 years$11,193$10,550$9,944$9,374$8,836$7,925
7 years$9,497$8,860$8,264$7,707$7,186$6,314
8 years$8,226$7,594$7,008$6,465$5,962$5,129
9 years$7,238$6,612$6,036$5,507$5,021$4,227
10 years$6,448$5,828$5,262$4,747$4,278$3,523
11 years$5,802$5,189$4,633$4,131$3,679$2,962
12 years$5,264$4,657$4,112$3,624$3,188$2,507
13 years$4,810$4,209$3,673$3,199$2,780$2,135
14 years$4,420$3,826$3,301$2,840$2,437$1,827
15 years$4,083$3,495$2,980$2,533$2,146$1,569
16 years$3,788$3,206$2,702$2,268$1,897$1,352
17 years$3,528$2,953$2,459$2,037$1,682$1,169
18 years$3,297$2,729$2,244$1,836$1,495$1,012
19 years$3,091$2,529$2,055$1,659$1,333$879
20 years$2,906$2,350$1,886$1,503$1,190$764
21 years$2,738$2,189$1,734$1,364$1,065$665
22 years$2,586$2,043$1,599$1,240$955$580
23 years$2,448$1,911$1,476$1,129$857$506
24 years$2,321$1,790$1,365$1,030$770$442
25 years$2,204$1,680$1,264$941$693$387
26 years$2,097$1,579$1,173$860$624$339
27 years$1,998$1,486$1,089$787$563$296
28 years$1,906$1,400$1,012$721$508$260
29 years$1,820$1,321$942$661$459$228
30 years$1,740$1,248$877$607$414$200
31 years$1,666$1,179$818$557$375$175
32 years$1,596$1,116$763$512$339$154
33 years$1,531$1,057$713$471$307$135
34 years$1,470$1,002$666$433$278$118
35 years$1,412$950$622$399$252$104
36 years$1,358$902$582$368$228$91
37 years$1,307$856$545$339$207$80
38 years$1,258$814$510$312$187$70
39 years$1,212$774$478$288$170$62
40 years$1,169$736$448$265$154$54
41 years$1,128$701$420$245$140$48
42 years$1,089$668$394$226$127$42
43 years$1,051$636$370$209$115$37
44 years$1,016$606$347$193$104$32
45 years$982$578$326$178$95$29
46 years$950$552$306$164$86$25
47 years$919$526$288$152$78$22
48 years$890$502$270$140$71$19
49 years$862$480$254$130$64$17
50 years$835$458$239$120$59$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $855,000, adding $6,092 every year, while hoping to spend $35,920 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: 42/42/16 Blend
55$855,000$855,000$855,000$855,000
56$948,494$903,179$889,926$983,649
57$1,007,022$909,216$881,520$1,015,069
58$1,070,315$914,345$871,629$1,045,071
59$1,138,823$918,484$860,164$1,076,792
60$1,213,038$921,544$847,034$1,110,407
61$1,293,501$923,433$832,143$1,146,110
62$1,380,809$924,052$815,391$1,184,115
63$1,475,616$923,296$796,671$1,224,664
64$1,578,644$921,052$775,874$1,268,021
65$1,690,685$917,202$752,885$1,314,483
66$1,812,610$911,621$727,583$1,364,379
67$1,945,381$904,175$699,841$1,418,072
68$2,090,053$894,722$669,529$1,475,968
69$2,247,788$883,113$636,507$1,538,515
70$2,419,865$869,189$600,633$1,606,212
71$2,607,692$852,780$561,756$1,679,612
72$2,812,819$833,709$519,717$1,759,327
73$3,036,953$811,786$474,353$1,846,037
74$3,281,970$786,812$425,492$1,940,494
75$3,549,939$758,574$372,955$2,043,532
76$3,843,138$726,849$316,553$2,156,077
77$4,164,072$691,399$256,092$2,279,151
78$4,515,504$651,973$191,367$2,413,888
79$4,900,472$608,307$122,165$2,561,544
80$5,322,325$560,119$48,262$2,723,507
81$5,784,750$507,113$0$2,901,315
82$6,291,808$448,975$0$3,101,895
83$6,847,973$385,375$0$3,331,037
84$7,458,169$315,961$0$3,582,618
85$8,127,824$240,365$0$3,858,986
86$8,862,916$158,196$0$4,162,737
87$9,670,027$69,042$0$4,496,734
88$10,556,411$0$0$4,864,144
89$11,530,057$0$0$5,281,186
90$12,599,767$0$0$5,774,547
91$13,775,238$0$0$6,316,802
92$15,067,151$0$0$6,912,895
93$16,487,275$0$0$7,568,270
94$18,048,574$0$0$8,288,926
95$19,765,333$0$0$9,081,474
96$21,653,290$0$0$9,953,194
97$23,729,782$0$0$10,912,110
98$26,013,914$0$0$11,967,062
99$28,526,735$0$0$13,127,790
100$31,291,433$0$0$14,405,024