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%14%
1 years$71,266$70,631$70,012$69,407$68,817$67,677
2 years$35,280$34,623$33,986$33,369$32,770$31,625
3 years$23,286$22,627$21,991$21,380$20,791$19,676
4 years$17,291$16,633$16,004$15,403$14,828$13,752
5 years$13,694$13,040$12,420$11,831$11,272$10,238
6 years$11,297$10,648$10,037$9,461$8,919$7,929
7 years$9,586$8,943$8,341$7,779$7,254$6,307
8 years$8,303$7,665$7,074$6,525$6,018$5,114
9 years$7,306$6,674$6,093$5,558$5,068$4,207
10 years$6,508$5,883$5,312$4,791$4,318$3,500
11 years$5,856$5,237$4,676$4,170$3,714$2,937
12 years$5,314$4,701$4,150$3,657$3,218$2,482
13 years$4,855$4,248$3,708$3,229$2,806$2,109
14 years$4,461$3,861$3,331$2,866$2,460$1,801
15 years$4,121$3,527$3,008$2,556$2,166$1,544
16 years$3,823$3,236$2,727$2,289$1,914$1,328
17 years$3,561$2,981$2,482$2,056$1,697$1,145
18 years$3,328$2,754$2,265$1,853$1,509$990
19 years$3,120$2,553$2,074$1,675$1,345$857
20 years$2,933$2,372$1,903$1,517$1,202$743
21 years$2,764$2,209$1,751$1,376$1,075$646
22 years$2,611$2,062$1,613$1,252$964$562
23 years$2,471$1,929$1,490$1,140$865$489
24 years$2,343$1,807$1,378$1,040$778$427
25 years$2,225$1,696$1,276$949$700$372
26 years$2,117$1,594$1,184$868$630$325
27 years$2,016$1,500$1,099$795$568$284
28 years$1,923$1,414$1,022$728$513$248
29 years$1,837$1,334$951$668$463$217
30 years$1,757$1,259$886$613$418$190
31 years$1,682$1,191$826$563$378$166
32 years$1,611$1,126$770$517$342$145
33 years$1,546$1,067$719$476$310$127
34 years$1,484$1,011$672$438$280$111
35 years$1,425$959$628$403$254$98
36 years$1,371$910$588$371$230$85
37 years$1,319$864$550$342$209$75
38 years$1,270$822$515$315$189$66
39 years$1,224$781$483$290$171$58
40 years$1,180$743$452$268$155$50
41 years$1,138$708$424$247$141$44
42 years$1,099$674$398$228$128$39
43 years$1,061$642$373$211$116$34
44 years$1,025$612$350$194$105$30
45 years$991$584$329$180$96$26
46 years$959$557$309$166$87$23
47 years$928$531$290$153$79$20
48 years$898$507$273$142$72$18
49 years$870$484$256$131$65$15
50 years$843$463$241$121$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $863,000, adding $4,253 every year, while hoping to spend $25,445 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: 53/41/6 Blend
55$863,000$863,000$863,000$863,000
56$955,413$909,674$896,297$1,004,505
57$1,025,792$927,175$899,250$1,055,717
58$1,102,496$944,680$901,449$1,108,247
59$1,186,145$962,164$902,842$1,164,776
60$1,277,419$979,597$903,374$1,225,685
61$1,377,067$996,948$902,988$1,291,395
62$1,485,913$1,014,184$901,623$1,362,370
63$1,604,866$1,031,268$899,217$1,439,120
64$1,734,924$1,048,163$895,703$1,522,209
65$1,877,189$1,064,825$891,012$1,612,256
66$2,032,872$1,081,212$885,071$1,709,947
67$2,203,308$1,097,274$877,803$1,816,035
68$2,389,965$1,112,959$869,129$1,931,350
69$2,594,461$1,128,214$858,965$2,056,811
70$2,818,579$1,142,980$847,223$2,193,425
71$3,064,280$1,157,192$833,811$2,342,308
72$3,333,727$1,170,784$818,634$2,504,686
73$3,629,299$1,183,685$801,590$2,681,912
74$3,953,618$1,195,816$782,574$2,875,480
75$4,309,574$1,207,098$761,477$3,087,033
76$4,700,346$1,217,441$738,182$3,318,385
77$5,129,440$1,226,754$712,570$3,571,536
78$5,600,716$1,234,938$684,514$3,848,690
79$6,118,426$1,241,887$653,882$4,152,278
80$6,687,255$1,247,490$620,537$4,484,978
81$7,312,365$1,251,626$584,334$4,849,746
82$7,999,440$1,254,170$545,124$5,249,839
83$8,754,746$1,254,987$502,748$5,688,848
84$9,585,182$1,253,934$457,043$6,170,731
85$10,498,353$1,250,859$407,836$6,699,853
86$11,502,635$1,245,601$354,948$7,281,028
87$12,607,257$1,237,989$298,193$7,919,560
88$13,822,388$1,227,841$237,373$8,621,299
89$15,159,233$1,214,966$172,286$9,392,693
90$16,630,135$1,199,160$102,718$10,240,850
91$18,248,695$1,180,205$28,445$11,173,610
92$20,029,901$1,157,874$0$12,199,611
93$21,990,264$1,131,924$0$13,331,633
94$24,147,981$1,102,097$0$14,579,077
95$26,523,097$1,068,122$0$15,951,714
96$29,137,704$1,029,712$0$17,462,320
97$32,016,143$986,560$0$19,124,982
98$35,185,233$938,345$0$20,955,226
99$38,674,529$884,727$0$22,970,167
100$42,516,596$825,344$0$25,188,669