Can I retire at age 56 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$71,596$70,958$70,336$69,729$69,136$66,896
2 years$35,444$34,783$34,144$33,523$32,922$30,686
3 years$23,394$22,731$22,093$21,479$20,887$18,726
4 years$17,371$16,710$16,078$15,474$14,897$12,827
5 years$13,758$13,101$12,477$11,886$11,324$9,351
6 years$11,350$10,698$10,084$9,505$8,961$7,085
7 years$9,631$8,984$8,379$7,815$7,287$5,510
8 years$8,342$7,701$7,106$6,556$6,046$4,365
9 years$7,340$6,705$6,121$5,584$5,091$3,505
10 years$6,539$5,910$5,336$4,813$4,338$2,844
11 years$5,884$5,261$4,698$4,189$3,731$2,326
12 years$5,338$4,722$4,169$3,674$3,233$1,915
13 years$4,877$4,268$3,725$3,244$2,819$1,585
14 years$4,482$3,879$3,347$2,880$2,471$1,316
15 years$4,140$3,544$3,022$2,568$2,176$1,097
16 years$3,841$3,251$2,740$2,299$1,923$917
17 years$3,578$2,994$2,493$2,066$1,705$768
18 years$3,344$2,767$2,276$1,862$1,516$645
19 years$3,135$2,564$2,083$1,682$1,351$542
20 years$2,947$2,383$1,912$1,524$1,207$456
21 years$2,777$2,220$1,759$1,383$1,080$384
22 years$2,623$2,072$1,621$1,257$968$324
23 years$2,482$1,938$1,497$1,145$869$274
24 years$2,353$1,816$1,384$1,044$781$231
25 years$2,235$1,704$1,282$954$703$195
26 years$2,126$1,601$1,189$872$633$165
27 years$2,026$1,507$1,104$798$571$140
28 years$1,932$1,420$1,026$731$515$118
29 years$1,846$1,340$955$671$465$100
30 years$1,765$1,265$890$616$420$85
31 years$1,689$1,196$829$565$380$72
32 years$1,619$1,132$774$520$344$61
33 years$1,553$1,072$723$478$311$51
34 years$1,491$1,016$675$440$282$43
35 years$1,432$963$631$405$255$37
36 years$1,377$914$590$373$231$31
37 years$1,325$868$553$343$209$26
38 years$1,276$825$518$316$190$22
39 years$1,229$785$485$292$172$19
40 years$1,185$747$454$269$156$16
41 years$1,144$711$426$248$142$14
42 years$1,104$677$400$229$129$12
43 years$1,066$645$375$212$117$10
44 years$1,030$615$352$195$106$8
45 years$996$586$331$180$96$7
46 years$963$559$311$167$87$6
47 years$932$534$292$154$79$5
48 years$902$510$274$142$72$4
49 years$874$487$258$131$65$4
50 years$846$465$242$122$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $867,000, adding $6,279 every year, while hoping to spend $35,472 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: 44/35/21 Blend
55$867,000$867,000$867,000$867,000
56$961,911$915,960$902,521$998,137
57$1,022,284$923,100$895,014$1,031,457
58$1,087,626$929,401$886,066$1,063,594
59$1,158,407$934,784$875,592$1,097,702
60$1,235,142$939,167$863,502$1,133,982
61$1,318,400$942,459$849,703$1,172,656
62$1,408,804$944,567$834,095$1,213,970
63$1,507,041$945,390$816,576$1,258,199
64$1,613,866$944,821$797,038$1,305,646
65$1,730,110$942,747$775,369$1,356,648
66$1,856,687$939,047$751,450$1,411,578
67$1,994,604$933,595$725,158$1,470,852
68$2,144,966$926,255$696,364$1,534,927
69$2,308,994$916,882$664,933$1,604,314
70$2,488,028$905,326$630,725$1,679,576
71$2,683,543$891,423$593,591$1,761,337
72$2,897,166$875,005$553,378$1,850,289
73$3,130,686$855,889$509,925$1,947,199
74$3,386,072$833,883$463,063$2,052,916
75$3,665,493$808,785$412,617$2,168,377
76$3,971,337$780,379$358,404$2,294,623
77$4,306,234$748,438$300,231$2,432,803
78$4,673,080$712,722$237,899$2,584,191
79$5,075,064$672,975$171,198$2,750,193
80$5,515,698$628,929$99,911$2,932,366
81$5,998,850$580,298$23,810$3,132,434
82$6,528,782$526,781$0$3,352,298
83$7,110,185$468,061$0$3,606,927
84$7,748,229$403,800$0$3,892,314
85$8,448,606$333,645$0$4,205,749
86$9,217,589$257,218$0$4,550,134
87$10,062,085$174,124$0$4,928,673
88$10,989,706$83,944$0$5,344,902
89$12,008,834$0$0$5,802,724
90$13,128,706$0$0$6,311,745
91$14,359,497$0$0$6,906,826
92$15,712,416$0$0$7,561,072
93$17,199,812$0$0$8,280,467
94$18,835,292$0$0$9,071,608
95$20,633,846$0$0$9,941,761
96$22,611,988$0$0$10,898,933
97$24,787,916$0$0$11,951,944
98$27,181,678$0$0$13,110,514
99$29,815,363$0$0$14,385,351
100$32,713,311$0$0$15,788,255