Can I retire at age 56 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$71,431$70,795$70,174$69,568$68,976$67,446
2 years$35,362$34,703$34,065$33,446$32,846$31,312
3 years$23,340$22,679$22,042$21,429$20,839$19,349
4 years$17,331$16,671$16,041$15,439$14,862$13,429
5 years$13,726$13,071$12,449$11,858$11,298$9,924
6 years$11,324$10,673$10,060$9,483$8,940$7,627
7 years$9,608$8,963$8,360$7,797$7,270$6,020
8 years$8,322$7,683$7,090$6,540$6,032$4,842
9 years$7,323$6,690$6,107$5,571$5,079$3,950
10 years$6,524$5,897$5,324$4,802$4,328$3,258
11 years$5,870$5,249$4,687$4,179$3,722$2,709
12 years$5,326$4,712$4,160$3,666$3,226$2,269
13 years$4,866$4,258$3,716$3,236$2,813$1,910
14 years$4,472$3,870$3,339$2,873$2,466$1,616
15 years$4,131$3,536$3,015$2,562$2,171$1,372
16 years$3,832$3,244$2,733$2,294$1,919$1,168
17 years$3,569$2,987$2,487$2,061$1,701$997
18 years$3,336$2,761$2,271$1,858$1,513$853
19 years$3,127$2,558$2,079$1,679$1,348$731
20 years$2,940$2,377$1,908$1,520$1,204$628
21 years$2,770$2,214$1,755$1,380$1,078$540
22 years$2,617$2,067$1,617$1,254$966$464
23 years$2,476$1,933$1,493$1,142$867$400
24 years$2,348$1,811$1,381$1,042$779$345
25 years$2,230$1,700$1,279$952$701$298
26 years$2,121$1,598$1,186$870$632$257
27 years$2,021$1,504$1,102$796$570$222
28 years$1,928$1,417$1,024$730$514$192
29 years$1,841$1,337$953$669$464$166
30 years$1,761$1,262$888$614$419$143
31 years$1,686$1,193$828$564$379$124
32 years$1,615$1,129$772$518$343$107
33 years$1,549$1,069$721$477$310$93
34 years$1,487$1,013$674$439$281$80
35 years$1,429$961$630$404$255$70
36 years$1,374$912$589$372$231$60
37 years$1,322$866$551$343$209$52
38 years$1,273$823$516$316$189$45
39 years$1,227$783$484$291$172$39
40 years$1,183$745$453$269$156$34
41 years$1,141$709$425$248$141$29
42 years$1,101$675$399$229$128$25
43 years$1,064$644$374$211$116$22
44 years$1,028$613$351$195$106$19
45 years$994$585$330$180$96$17
46 years$961$558$310$166$87$14
47 years$930$533$291$154$79$12
48 years$900$508$274$142$72$11
49 years$872$485$257$131$65$9
50 years$845$464$242$121$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $865,000, adding $6,075 every year, while hoping to spend $26,360 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: 70/13/17 Blend
55$865,000$865,000$865,000$865,000
56$959,496$913,651$900,244$1,022,395
57$1,029,318$930,373$902,355$1,081,771
58$1,105,378$947,031$903,654$1,143,018
59$1,188,285$963,594$904,085$1,209,382
60$1,278,709$980,029$903,590$1,281,368
61$1,377,386$996,299$902,109$1,359,527
62$1,485,128$1,012,366$899,578$1,444,469
63$1,602,828$1,028,189$895,931$1,536,866
64$1,731,469$1,043,723$891,097$1,637,457
65$1,872,134$1,058,921$885,004$1,747,060
66$2,026,014$1,073,731$877,574$1,866,572
67$2,194,422$1,088,098$868,728$1,996,985
68$2,378,804$1,101,965$858,381$2,139,390
69$2,580,749$1,115,269$846,444$2,294,991
70$2,802,011$1,127,943$832,825$2,465,116
71$3,044,520$1,139,915$817,429$2,651,225
72$3,310,400$1,151,111$800,152$2,854,930
73$3,601,994$1,161,448$780,890$3,078,008
74$3,921,879$1,170,841$759,531$3,322,417
75$4,272,896$1,179,197$735,961$3,590,315
76$4,658,172$1,186,418$710,056$3,884,079
77$5,081,154$1,192,401$681,691$4,206,333
78$5,545,637$1,197,034$650,734$4,559,965
79$6,055,803$1,200,200$617,044$4,948,161
80$6,616,258$1,201,773$580,478$5,374,432
81$7,232,077$1,201,620$540,884$5,842,647
82$7,908,849$1,199,600$498,104$6,357,073
83$8,652,733$1,195,562$451,973$6,922,410
84$9,470,516$1,189,348$402,317$7,543,840
85$10,369,670$1,180,788$348,957$8,227,076
86$11,358,433$1,169,704$291,704$8,978,413
87$12,445,879$1,155,904$230,361$9,804,790
88$13,642,003$1,139,188$164,723$10,713,856
89$14,957,822$1,119,343$94,575$11,714,040
90$16,405,470$1,096,141$19,695$12,814,635
91$17,998,321$1,069,345$0$14,025,882
92$19,751,106$1,038,699$0$15,369,991
93$21,680,059$1,003,935$0$16,853,004
94$23,803,067$964,770$0$18,485,102
95$26,139,838$920,903$0$20,281,449
96$28,712,090$872,015$0$22,258,752
97$31,543,749$817,770$0$24,435,424
98$34,661,184$757,813$0$26,831,754
99$38,093,445$691,766$0$29,470,104
100$41,872,548$619,234$0$32,375,112