Can I retire at age 56 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$71,679$71,040$70,417$69,809$69,216$68,379
2 years$35,484$34,824$34,183$33,562$32,960$32,118
3 years$23,421$22,758$22,119$21,504$20,911$20,090
4 years$17,391$16,729$16,097$15,492$14,914$14,120
5 years$13,774$13,116$12,492$11,899$11,337$10,573
6 years$11,363$10,710$10,095$9,516$8,971$8,237
7 years$9,642$8,994$8,389$7,824$7,296$6,592
8 years$8,351$7,710$7,115$6,563$6,052$5,380
9 years$7,348$6,713$6,128$5,590$5,097$4,455
10 years$6,546$5,917$5,342$4,819$4,343$3,730
11 years$5,890$5,268$4,703$4,194$3,735$3,152
12 years$5,344$4,728$4,174$3,679$3,237$2,682
13 years$4,883$4,273$3,729$3,248$2,823$2,296
14 years$4,487$3,884$3,351$2,883$2,474$1,975
15 years$4,145$3,548$3,025$2,571$2,178$1,706
16 years$3,846$3,255$2,743$2,302$1,925$1,478
17 years$3,582$2,998$2,496$2,068$1,707$1,285
18 years$3,348$2,770$2,278$1,864$1,518$1,119
19 years$3,138$2,567$2,086$1,684$1,353$977
20 years$2,950$2,386$1,914$1,525$1,208$855
21 years$2,780$2,222$1,761$1,384$1,081$749
22 years$2,626$2,074$1,623$1,259$969$657
23 years$2,485$1,940$1,498$1,146$870$577
24 years$2,356$1,818$1,386$1,046$782$507
25 years$2,238$1,706$1,283$955$704$446
26 years$2,129$1,603$1,190$873$634$393
27 years$2,028$1,509$1,105$799$572$346
28 years$1,935$1,422$1,028$732$516$305
29 years$1,848$1,341$956$671$466$269
30 years$1,767$1,267$891$616$421$238
31 years$1,691$1,197$830$566$380$210
32 years$1,621$1,133$775$520$344$186
33 years$1,554$1,073$723$478$311$164
34 years$1,492$1,017$676$440$282$145
35 years$1,434$965$632$405$255$128
36 years$1,379$915$591$373$231$113
37 years$1,327$870$553$344$210$100
38 years$1,277$826$518$317$190$89
39 years$1,231$786$485$292$172$78
40 years$1,187$748$455$269$156$69
41 years$1,145$712$427$249$142$61
42 years$1,105$678$400$229$129$54
43 years$1,067$646$376$212$117$48
44 years$1,031$616$353$196$106$43
45 years$997$587$331$181$96$38
46 years$964$560$311$167$87$33
47 years$933$534$292$154$79$30
48 years$903$510$274$142$72$26
49 years$875$487$258$132$65$23
50 years$847$465$243$122$59$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $868,000, adding $6,787 every year, while hoping to spend $33,423 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: 49/27/24 Blend
55$868,000$868,000$868,000$868,000
56$963,537$917,533$904,079$1,003,912
57$1,026,256$926,930$898,804$1,042,165
58$1,094,252$935,668$892,232$1,079,806
59$1,168,028$943,678$884,284$1,120,023
60$1,248,137$950,889$874,878$1,163,075
61$1,335,189$957,223$863,928$1,209,247
62$1,429,851$962,600$851,342$1,258,854
63$1,532,861$966,933$837,027$1,312,247
64$1,645,028$970,128$820,883$1,369,812
65$1,767,245$972,088$802,807$1,431,977
66$1,900,492$972,709$782,689$1,499,216
67$2,045,850$971,879$760,416$1,572,052
68$2,204,506$969,481$735,870$1,651,064
69$2,377,770$965,389$708,926$1,736,894
70$2,567,081$959,472$679,454$1,830,248
71$2,774,026$951,589$647,318$1,931,909
72$3,000,350$941,590$612,376$2,042,744
73$3,247,975$929,317$574,480$2,163,708
74$3,519,018$914,603$533,475$2,295,858
75$3,815,809$897,270$489,198$2,440,363
76$4,140,916$877,131$441,480$2,598,513
77$4,497,163$853,985$390,144$2,771,735
78$4,887,666$827,621$335,005$2,961,604
79$5,315,851$797,818$275,871$3,169,859
80$5,785,494$764,338$212,539$3,398,424
81$6,300,755$726,931$144,800$3,649,421
82$6,866,215$685,333$72,434$3,925,194
83$7,486,920$639,265$0$4,228,333
84$8,168,427$588,431$0$4,562,923
85$8,916,860$532,517$0$4,950,768
86$9,738,963$471,194$0$5,376,847
87$10,642,168$404,113$0$5,845,073
88$11,634,659$330,904$0$6,359,762
89$12,725,454$251,179$0$6,925,671
90$13,924,488$164,525$0$7,548,048
91$15,242,707$70,507$0$8,232,680
92$16,692,168$0$0$8,985,947
93$18,286,157$0$0$9,824,196
94$20,039,313$0$0$10,769,291
95$21,967,760$0$0$11,808,991
96$24,089,270$0$0$12,952,889
97$26,423,419$0$0$14,211,555
98$28,991,777$0$0$15,596,635
99$31,818,113$0$0$17,120,962
100$34,928,614$0$0$18,798,675