Can I retire at age 56 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$71,266$70,631$70,012$69,407$68,817$67,985
2 years$35,280$34,623$33,986$33,369$32,770$31,933
3 years$23,286$22,627$21,991$21,380$20,791$19,974
4 years$17,291$16,633$16,004$15,403$14,828$14,039
5 years$13,694$13,040$12,420$11,831$11,272$10,512
6 years$11,297$10,648$10,037$9,461$8,919$8,189
7 years$9,586$8,943$8,341$7,779$7,254$6,554
8 years$8,303$7,665$7,074$6,525$6,018$5,349
9 years$7,306$6,674$6,093$5,558$5,068$4,429
10 years$6,508$5,883$5,312$4,791$4,318$3,709
11 years$5,856$5,237$4,676$4,170$3,714$3,134
12 years$5,314$4,701$4,150$3,657$3,218$2,667
13 years$4,855$4,248$3,708$3,229$2,806$2,283
14 years$4,461$3,861$3,331$2,866$2,460$1,963
15 years$4,121$3,527$3,008$2,556$2,166$1,696
16 years$3,823$3,236$2,727$2,289$1,914$1,470
17 years$3,561$2,981$2,482$2,056$1,697$1,277
18 years$3,328$2,754$2,265$1,853$1,509$1,113
19 years$3,120$2,553$2,074$1,675$1,345$972
20 years$2,933$2,372$1,903$1,517$1,202$850
21 years$2,764$2,209$1,751$1,376$1,075$744
22 years$2,611$2,062$1,613$1,252$964$653
23 years$2,471$1,929$1,490$1,140$865$574
24 years$2,343$1,807$1,378$1,040$778$504
25 years$2,225$1,696$1,276$949$700$444
26 years$2,117$1,594$1,184$868$630$391
27 years$2,016$1,500$1,099$795$568$344
28 years$1,923$1,414$1,022$728$513$304
29 years$1,837$1,334$951$668$463$268
30 years$1,757$1,259$886$613$418$236
31 years$1,682$1,191$826$563$378$209
32 years$1,611$1,126$770$517$342$184
33 years$1,546$1,067$719$476$310$163
34 years$1,484$1,011$672$438$280$144
35 years$1,425$959$628$403$254$127
36 years$1,371$910$588$371$230$113
37 years$1,319$864$550$342$209$100
38 years$1,270$822$515$315$189$88
39 years$1,224$781$483$290$171$78
40 years$1,180$743$452$268$155$69
41 years$1,138$708$424$247$141$61
42 years$1,099$674$398$228$128$54
43 years$1,061$642$373$211$116$48
44 years$1,025$612$350$194$105$42
45 years$991$584$329$180$96$37
46 years$959$557$309$166$87$33
47 years$928$531$290$153$79$29
48 years$898$507$273$142$72$26
49 years$870$484$256$131$65$23
50 years$843$463$241$121$59$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $863,000, adding $4,640 every year, while hoping to spend $50,103 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: 52/19/29 Blend
55$863,000$863,000$863,000$863,000
56$955,812$910,073$896,697$997,514
57$999,996$901,358$873,427$1,018,308
58$1,047,007$890,536$847,698$1,035,500
59$1,097,081$877,451$819,375$1,053,223
60$1,150,476$861,939$788,317$1,071,549
61$1,207,474$843,824$754,376$1,090,560
62$1,268,385$822,920$717,396$1,110,352
63$1,333,549$799,031$677,216$1,131,031
64$1,403,336$771,948$633,668$1,152,718
65$1,478,155$741,453$586,575$1,175,549
66$1,558,453$707,310$535,752$1,199,681
67$1,644,722$669,275$481,006$1,225,288
68$1,737,500$627,087$422,137$1,252,566
69$1,837,380$580,469$358,933$1,281,737
70$1,945,011$529,130$291,176$1,313,050
71$2,061,108$472,763$218,636$1,346,783
72$2,186,454$411,041$141,073$1,383,249
73$2,321,912$343,622$58,238$1,422,800
74$2,468,427$270,140$0$1,465,828
75$2,627,043$190,213$0$1,522,103
76$2,798,903$103,435$0$1,602,622
77$2,985,265$9,377$0$1,689,979
78$3,187,514$0$0$1,784,877
79$3,407,171$0$0$1,907,414
80$3,645,911$0$0$2,042,803
81$3,905,576$0$0$2,190,138
82$4,188,191$0$0$2,350,579
83$4,495,987$0$0$2,525,402
84$4,831,417$0$0$2,716,011
85$5,197,182$0$0$2,923,952
86$5,596,253$0$0$3,150,927
87$6,031,901$0$0$3,398,808
88$6,507,727$0$0$3,669,658
89$7,027,696$0$0$3,965,746
90$7,596,171$0$0$4,289,570
91$8,217,958$0$0$4,643,884
92$8,898,346$0$0$5,031,716
93$9,643,163$0$0$5,456,402
94$10,458,821$0$0$5,921,618
95$11,352,387$0$0$6,431,408
96$12,331,640$0$0$6,990,229
97$13,405,148$0$0$7,602,989
98$14,582,347$0$0$8,275,092
99$15,873,632$0$0$9,012,493
100$17,290,450$0$0$9,821,749