Can I retire at age 56 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$70,770$70,140$69,525$68,925$68,338$66,257
2 years$35,035$34,382$33,750$33,137$32,542$30,463
3 years$23,125$22,469$21,838$21,231$20,646$18,634
4 years$17,171$16,517$15,893$15,296$14,725$12,796
5 years$13,599$12,950$12,333$11,749$11,194$9,353
6 years$11,219$10,574$9,967$9,395$8,857$7,106
7 years$9,519$8,880$8,283$7,725$7,203$5,542
8 years$8,245$7,612$7,025$6,480$5,976$4,403
9 years$7,255$6,628$6,050$5,519$5,032$3,547
10 years$6,463$5,842$5,275$4,758$4,288$2,887
11 years$5,816$5,201$4,644$4,141$3,688$2,369
12 years$5,277$4,668$4,121$3,632$3,196$1,957
13 years$4,821$4,218$3,682$3,206$2,787$1,625
14 years$4,430$3,834$3,308$2,846$2,443$1,354
15 years$4,092$3,503$2,987$2,538$2,151$1,133
16 years$3,797$3,214$2,708$2,273$1,901$950
17 years$3,536$2,960$2,464$2,042$1,686$799
18 years$3,305$2,735$2,250$1,840$1,499$673
19 years$3,098$2,535$2,059$1,663$1,336$568
20 years$2,913$2,355$1,890$1,506$1,193$480
21 years$2,745$2,194$1,738$1,367$1,068$406
22 years$2,592$2,048$1,602$1,243$957$344
23 years$2,453$1,915$1,479$1,132$859$291
24 years$2,326$1,795$1,368$1,032$772$247
25 years$2,209$1,684$1,267$943$695$209
26 years$2,102$1,583$1,175$862$626$178
27 years$2,002$1,490$1,091$789$564$151
28 years$1,910$1,404$1,015$723$509$128
29 years$1,824$1,324$944$663$460$109
30 years$1,744$1,251$879$608$415$93
31 years$1,670$1,182$820$559$376$79
32 years$1,600$1,119$765$514$340$67
33 years$1,535$1,059$714$472$307$57
34 years$1,473$1,004$667$435$278$48
35 years$1,416$952$624$400$252$41
36 years$1,361$904$584$368$228$35
37 years$1,310$858$546$339$207$30
38 years$1,261$816$512$313$188$25
39 years$1,215$776$479$288$170$22
40 years$1,172$738$449$266$154$18
41 years$1,130$703$421$245$140$16
42 years$1,091$669$395$227$127$13
43 years$1,054$638$371$209$115$11
44 years$1,018$608$348$193$105$10
45 years$984$580$327$178$95$8
46 years$952$553$307$165$86$7
47 years$921$528$288$152$78$6
48 years$892$504$271$141$71$5
49 years$864$481$255$130$65$4
50 years$837$459$239$120$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $857,000, adding $5,604 every year, while hoping to spend $34,063 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: 53/42/5 Blend
55$857,000$857,000$857,000$857,000
56$950,195$904,774$891,490$999,222
57$1,010,872$912,865$885,112$1,041,104
58$1,076,596$920,211$877,379$1,082,415
59$1,147,847$926,739$868,209$1,126,522
60$1,225,151$932,372$857,517$1,173,694
61$1,309,086$937,029$845,215$1,224,229
62$1,400,291$940,621$831,207$1,278,455
63$1,499,465$943,056$815,397$1,336,737
64$1,607,380$944,236$797,683$1,399,475
65$1,724,884$944,054$777,956$1,467,113
66$1,852,910$942,401$756,106$1,540,142
67$1,992,486$939,157$732,014$1,619,104
68$2,144,741$934,198$705,558$1,704,597
69$2,310,921$927,390$676,611$1,797,283
70$2,492,395$918,592$645,037$1,897,893
71$2,690,671$907,654$610,697$2,007,235
72$2,907,408$894,418$573,444$2,126,200
73$3,144,434$878,715$533,126$2,255,775
74$3,403,762$860,368$489,581$2,397,048
75$3,687,608$839,188$442,644$2,551,221
76$3,998,410$814,974$392,139$2,719,623
77$4,338,856$787,517$337,884$2,903,720
78$4,711,905$756,590$279,688$3,105,132
79$5,120,815$721,959$217,354$3,325,648
80$5,569,176$683,372$150,672$3,567,243
81$6,060,939$640,565$79,427$3,832,099
82$6,600,459$593,257$3,392$4,122,622
83$7,192,531$541,151$0$4,441,471
84$7,842,437$483,936$0$4,795,729
85$8,555,996$421,279$0$5,184,950
86$9,339,618$352,832$0$5,612,543
87$10,200,362$278,225$0$6,082,468
88$11,146,008$197,066$0$6,599,097
89$12,185,124$108,946$0$7,167,252
90$13,327,150$13,427$0$7,792,256
91$14,582,485$0$0$8,479,980
92$15,962,587$0$0$9,278,474
93$17,480,080$0$0$10,163,374
94$19,148,870$0$0$11,136,598
95$20,984,280$0$0$12,207,091
96$23,003,192$0$0$13,384,714
97$25,224,206$0$0$14,680,328
98$27,667,816$0$0$16,105,901
99$30,356,603$0$0$17,674,620
100$33,315,446$0$0$19,401,015