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%13.5%
1 years$70,770$70,140$69,525$68,925$68,338$67,345
2 years$35,035$34,382$33,750$33,137$32,542$31,543
3 years$23,125$22,469$21,838$21,231$20,646$19,673
4 years$17,171$16,517$15,893$15,296$14,725$13,785
5 years$13,599$12,950$12,333$11,749$11,194$10,290
6 years$11,219$10,574$9,967$9,395$8,857$7,990
7 years$9,519$8,880$8,283$7,725$7,203$6,374
8 years$8,245$7,612$7,025$6,480$5,976$5,183
9 years$7,255$6,628$6,050$5,519$5,032$4,277
10 years$6,463$5,842$5,275$4,758$4,288$3,568
11 years$5,816$5,201$4,644$4,141$3,688$3,004
12 years$5,277$4,668$4,121$3,632$3,196$2,546
13 years$4,821$4,218$3,682$3,206$2,787$2,171
14 years$4,430$3,834$3,308$2,846$2,443$1,860
15 years$4,092$3,503$2,987$2,538$2,151$1,600
16 years$3,797$3,214$2,708$2,273$1,901$1,381
17 years$3,536$2,960$2,464$2,042$1,686$1,195
18 years$3,305$2,735$2,250$1,840$1,499$1,037
19 years$3,098$2,535$2,059$1,663$1,336$901
20 years$2,913$2,355$1,890$1,506$1,193$785
21 years$2,745$2,194$1,738$1,367$1,068$684
22 years$2,592$2,048$1,602$1,243$957$598
23 years$2,453$1,915$1,479$1,132$859$522
24 years$2,326$1,795$1,368$1,032$772$457
25 years$2,209$1,684$1,267$943$695$400
26 years$2,102$1,583$1,175$862$626$351
27 years$2,002$1,490$1,091$789$564$308
28 years$1,910$1,404$1,015$723$509$270
29 years$1,824$1,324$944$663$460$237
30 years$1,744$1,251$879$608$415$208
31 years$1,670$1,182$820$559$376$183
32 years$1,600$1,119$765$514$340$161
33 years$1,535$1,059$714$472$307$141
34 years$1,473$1,004$667$435$278$124
35 years$1,416$952$624$400$252$109
36 years$1,361$904$584$368$228$96
37 years$1,310$858$546$339$207$85
38 years$1,261$816$512$313$188$75
39 years$1,215$776$479$288$170$66
40 years$1,172$738$449$266$154$58
41 years$1,130$703$421$245$140$51
42 years$1,091$669$395$227$127$45
43 years$1,054$638$371$209$115$39
44 years$1,018$608$348$193$105$35
45 years$984$580$327$178$95$31
46 years$952$553$307$165$86$27
47 years$921$528$288$152$78$24
48 years$892$504$271$141$71$21
49 years$864$481$255$130$65$18
50 years$837$459$239$120$59$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $857,000, adding $2,306 every year, while hoping to spend $20,072 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: 45/38/17 Blend
55$857,000$857,000$857,000$857,000
56$946,793$901,372$888,088$984,685
57$1,022,009$924,182$896,483$1,034,219
58$1,104,225$947,438$904,486$1,085,713
59$1,194,133$971,140$912,063$1,141,126
60$1,292,495$995,286$919,178$1,200,830
61$1,400,153$1,019,878$925,793$1,265,234
62$1,518,029$1,044,914$931,869$1,334,790
63$1,647,144$1,070,390$937,362$1,409,994
64$1,788,618$1,096,304$942,229$1,491,393
65$1,943,687$1,122,653$946,423$1,579,590
66$2,113,710$1,149,430$949,895$1,675,249
67$2,300,186$1,176,630$952,595$1,779,102
68$2,504,766$1,204,246$954,467$1,891,954
69$2,729,266$1,232,268$955,457$2,014,695
70$2,975,690$1,260,688$955,503$2,148,301
71$3,246,242$1,289,493$954,544$2,293,852
72$3,543,352$1,318,671$952,514$2,452,536
73$3,869,695$1,348,208$949,345$2,625,663
74$4,228,221$1,378,087$944,965$2,814,674
75$4,622,177$1,408,290$939,298$3,021,161
76$5,055,140$1,438,798$932,266$3,246,875
77$5,531,053$1,469,588$923,786$3,493,749
78$6,054,258$1,500,635$913,770$3,763,911
79$6,629,540$1,531,914$902,129$4,059,707
80$7,262,170$1,563,394$888,767$4,383,723
81$7,957,955$1,595,044$873,585$4,738,808
82$8,723,294$1,626,829$856,477$5,128,103
83$9,565,237$1,658,711$837,336$5,555,071
84$10,491,551$1,690,647$816,047$6,023,526
85$11,510,795$1,722,595$792,490$6,537,674
86$12,632,399$1,754,505$766,541$7,102,151
87$13,866,753$1,786,325$738,070$7,722,065
88$15,225,305$1,817,998$706,938$8,403,047
89$16,720,670$1,849,464$673,005$9,151,302
90$18,366,747$1,880,656$636,119$9,973,673
91$20,178,852$1,911,505$596,126$10,877,698
92$22,173,861$1,941,935$552,862$11,871,687
93$24,370,368$1,971,863$506,157$12,964,799
94$26,788,865$2,001,204$455,832$14,167,130
95$29,451,929$2,029,863$401,702$15,489,806
96$32,384,440$2,057,740$343,573$16,945,091
97$35,613,812$2,084,728$281,242$18,546,501
98$39,170,254$2,110,713$214,496$20,308,935
99$43,087,053$2,135,571$143,116$22,248,812
100$47,400,891$2,159,173$66,869$24,384,230