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%17.1%
1 years$71,431$70,795$70,174$69,568$68,976$66,983
2 years$35,362$34,703$34,065$33,446$32,846$30,854
3 years$23,340$22,679$22,042$21,429$20,839$18,910
4 years$17,331$16,671$16,041$15,439$14,862$13,012
5 years$13,726$13,071$12,449$11,858$11,298$9,531
6 years$11,324$10,673$10,060$9,483$8,940$7,257
7 years$9,608$8,963$8,360$7,797$7,270$5,672
8 years$8,322$7,683$7,090$6,540$6,032$4,517
9 years$7,323$6,690$6,107$5,571$5,079$3,648
10 years$6,524$5,897$5,324$4,802$4,328$2,977
11 years$5,870$5,249$4,687$4,179$3,722$2,449
12 years$5,326$4,712$4,160$3,666$3,226$2,028
13 years$4,866$4,258$3,716$3,236$2,813$1,688
14 years$4,472$3,870$3,339$2,873$2,466$1,411
15 years$4,131$3,536$3,015$2,562$2,171$1,184
16 years$3,832$3,244$2,733$2,294$1,919$996
17 years$3,569$2,987$2,487$2,061$1,701$840
18 years$3,336$2,761$2,271$1,858$1,513$710
19 years$3,127$2,558$2,079$1,679$1,348$601
20 years$2,940$2,377$1,908$1,520$1,204$509
21 years$2,770$2,214$1,755$1,380$1,078$432
22 years$2,617$2,067$1,617$1,254$966$367
23 years$2,476$1,933$1,493$1,142$867$312
24 years$2,348$1,811$1,381$1,042$779$265
25 years$2,230$1,700$1,279$952$701$226
26 years$2,121$1,598$1,186$870$632$192
27 years$2,021$1,504$1,102$796$570$164
28 years$1,928$1,417$1,024$730$514$140
29 years$1,841$1,337$953$669$464$119
30 years$1,761$1,262$888$614$419$101
31 years$1,686$1,193$828$564$379$86
32 years$1,615$1,129$772$518$343$74
33 years$1,549$1,069$721$477$310$63
34 years$1,487$1,013$674$439$281$54
35 years$1,429$961$630$404$255$46
36 years$1,374$912$589$372$231$39
37 years$1,322$866$551$343$209$33
38 years$1,273$823$516$316$189$29
39 years$1,227$783$484$291$172$24
40 years$1,183$745$453$269$156$21
41 years$1,141$709$425$248$141$18
42 years$1,101$675$399$229$128$15
43 years$1,064$644$374$211$116$13
44 years$1,028$613$351$195$106$11
45 years$994$585$330$180$96$9
46 years$961$558$310$166$87$8
47 years$930$533$291$154$79$7
48 years$900$508$274$142$72$6
49 years$872$485$257$131$65$5
50 years$845$464$242$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $865,000, adding $6,122 every year, while hoping to spend $29,361 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: 42/47/11 Blend
55$865,000$865,000$865,000$865,000
56$959,545$913,700$900,292$996,508
57$1,026,179$927,231$899,212$1,036,509
58$1,098,625$940,442$897,112$1,076,383
59$1,177,446$953,284$893,926$1,118,905
60$1,263,259$965,709$889,587$1,164,328
61$1,356,745$977,663$884,022$1,212,933
62$1,458,653$989,088$877,157$1,265,030
63$1,569,807$999,925$868,912$1,320,962
64$1,691,113$1,010,106$859,206$1,381,106
65$1,823,569$1,019,564$847,952$1,445,881
66$1,968,275$1,028,225$835,060$1,515,748
67$2,126,439$1,036,009$820,436$1,591,219
68$2,299,395$1,042,832$803,979$1,672,856
69$2,488,608$1,048,605$785,587$1,761,283
70$2,695,693$1,053,234$765,152$1,857,189
71$2,922,428$1,056,617$742,558$1,961,333
72$3,170,771$1,058,646$717,689$2,074,555
73$3,442,878$1,059,208$690,420$2,197,783
74$3,741,124$1,058,181$660,621$2,332,041
75$4,068,123$1,055,437$628,157$2,478,461
76$4,426,756$1,050,838$592,885$2,638,294
77$4,820,197$1,044,240$554,657$2,812,918
78$5,251,938$1,035,489$513,320$3,003,858
79$5,725,829$1,024,422$468,710$3,212,798
80$6,246,111$1,010,865$420,658$3,441,594
81$6,817,452$994,636$368,989$3,692,298
82$7,445,000$975,541$313,517$3,967,175
83$8,134,420$953,373$254,050$4,268,725
84$8,891,957$927,914$190,387$4,599,707
85$9,724,490$898,935$122,318$4,963,169
86$10,639,596$866,191$49,624$5,362,471
87$11,645,623$829,423$0$5,801,325
88$12,751,771$788,358$0$6,287,108
89$13,968,171$742,708$0$6,827,486
90$15,305,990$692,166$0$7,421,646
91$16,777,527$636,408$0$8,075,122
92$18,396,337$575,094$0$8,794,018
93$20,177,352$507,862$0$9,585,066
94$22,137,025$434,330$0$10,455,695
95$24,293,484$354,095$0$11,414,096
96$26,666,704$266,731$0$12,469,302
97$29,278,694$171,787$0$13,631,280
98$32,153,705$68,788$0$14,911,019
99$35,318,457$0$0$16,320,638
100$38,802,394$0$0$17,895,622