Can I retire at age 56 with 867,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.6%
1 years$71,596$70,958$70,336$69,729$69,136$68,385
2 years$35,444$34,783$34,144$33,523$32,922$32,166
3 years$23,394$22,731$22,093$21,479$20,887$20,150
4 years$17,371$16,710$16,078$15,474$14,897$14,183
5 years$13,758$13,101$12,477$11,886$11,324$10,637
6 years$11,350$10,698$10,084$9,505$8,961$8,300
7 years$9,631$8,984$8,379$7,815$7,287$6,654
8 years$8,342$7,701$7,106$6,556$6,046$5,439
9 years$7,340$6,705$6,121$5,584$5,091$4,512
10 years$6,539$5,910$5,336$4,813$4,338$3,785
11 years$5,884$5,261$4,698$4,189$3,731$3,204
12 years$5,338$4,722$4,169$3,674$3,233$2,732
13 years$4,877$4,268$3,725$3,244$2,819$2,343
14 years$4,482$3,879$3,347$2,880$2,471$2,019
15 years$4,140$3,544$3,022$2,568$2,176$1,748
16 years$3,841$3,251$2,740$2,299$1,923$1,518
17 years$3,578$2,994$2,493$2,066$1,705$1,322
18 years$3,344$2,767$2,276$1,862$1,516$1,154
19 years$3,135$2,564$2,083$1,682$1,351$1,010
20 years$2,947$2,383$1,912$1,524$1,207$885
21 years$2,777$2,220$1,759$1,383$1,080$777
22 years$2,623$2,072$1,621$1,257$968$683
23 years$2,482$1,938$1,497$1,145$869$602
24 years$2,353$1,816$1,384$1,044$781$530
25 years$2,235$1,704$1,282$954$703$468
26 years$2,126$1,601$1,189$872$633$413
27 years$2,026$1,507$1,104$798$571$365
28 years$1,932$1,420$1,026$731$515$322
29 years$1,846$1,340$955$671$465$285
30 years$1,765$1,265$890$616$420$252
31 years$1,689$1,196$829$565$380$223
32 years$1,619$1,132$774$520$344$198
33 years$1,553$1,072$723$478$311$175
34 years$1,491$1,016$675$440$282$155
35 years$1,432$963$631$405$255$138
36 years$1,377$914$590$373$231$122
37 years$1,325$868$553$343$209$108
38 years$1,276$825$518$316$190$96
39 years$1,229$785$485$292$172$85
40 years$1,185$747$454$269$156$75
41 years$1,144$711$426$248$142$67
42 years$1,104$677$400$229$129$59
43 years$1,066$645$375$212$117$53
44 years$1,030$615$352$195$106$47
45 years$996$586$331$180$96$42
46 years$963$559$311$167$87$37
47 years$932$534$292$154$79$33
48 years$902$510$274$142$72$29
49 years$874$487$258$131$65$26
50 years$846$465$242$122$59$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $867,000, adding $4,656 every year, while hoping to spend $33,698 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: 48/25/27 Blend
55$867,000$867,000$867,000$867,000
56$960,237$914,286$900,847$998,738
57$1,022,326$923,231$895,171$1,035,199
58$1,089,620$931,486$888,176$1,071,087
59$1,162,612$938,980$879,781$1,109,401
60$1,241,848$945,639$869,903$1,150,389
61$1,327,927$951,386$858,454$1,194,320
62$1,421,507$956,135$845,344$1,241,497
63$1,523,313$959,798$830,476$1,292,253
64$1,634,143$962,280$813,749$1,346,956
65$1,754,874$963,481$795,058$1,406,016
66$1,886,473$963,293$774,294$1,469,885
67$2,030,001$961,602$751,341$1,539,063
68$2,186,630$958,289$726,079$1,614,103
69$2,357,645$953,225$698,382$1,695,618
70$2,544,466$946,274$668,119$1,784,286
71$2,748,653$937,292$635,152$1,880,857
72$2,971,922$926,127$599,337$1,986,158
73$3,216,167$912,616$560,523$2,101,106
74$3,483,470$896,587$518,555$2,226,714
75$3,776,124$877,860$473,267$2,364,102
76$4,096,655$856,242$424,487$2,514,508
77$4,447,845$831,528$372,038$2,679,300
78$4,832,755$803,504$315,732$2,859,988
79$5,254,761$771,940$255,373$3,058,244
80$5,717,576$736,594$190,758$3,275,911
81$6,225,293$697,212$121,673$3,515,030
82$6,782,421$653,523$47,896$3,777,850
83$7,393,923$605,241$0$4,066,860
84$8,065,268$552,063$0$4,393,688
85$8,802,482$493,670$0$4,767,786
86$9,612,199$429,724$0$5,178,762
87$10,501,732$359,869$0$5,630,390
88$11,479,133$283,727$0$6,126,830
89$12,553,276$200,901$0$6,672,671
90$13,733,933$110,969$0$7,272,971
91$15,031,875$13,487$0$7,933,309
92$16,458,965$0$0$8,659,838
93$18,028,275$0$0$9,484,655
94$19,754,204$0$0$10,395,978
95$21,652,620$0$0$11,398,488
96$23,741,004$0$0$12,501,431
97$26,038,618$0$0$13,714,993
98$28,566,684$0$0$15,050,399
99$31,348,584$0$0$16,520,016
100$34,410,083$0$0$18,137,469