Can I retire at age 56 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$71,761$71,122$70,498$69,890$69,295$68,232
2 years$35,525$34,864$34,223$33,601$32,998$31,929
3 years$23,448$22,784$22,144$21,528$20,935$19,894
4 years$17,411$16,749$16,115$15,510$14,931$13,926
5 years$13,790$13,131$12,506$11,913$11,350$10,384
6 years$11,376$10,722$10,107$9,527$8,981$8,055
7 years$9,653$9,005$8,399$7,833$7,304$6,418
8 years$8,361$7,719$7,123$6,571$6,059$5,213
9 years$7,357$6,721$6,135$5,597$5,103$4,296
10 years$6,554$5,924$5,349$4,824$4,348$3,580
11 years$5,897$5,274$4,709$4,199$3,739$3,010
12 years$5,350$4,733$4,179$3,683$3,240$2,548
13 years$4,888$4,278$3,734$3,251$2,826$2,170
14 years$4,492$3,888$3,355$2,886$2,477$1,857
15 years$4,150$3,552$3,029$2,574$2,181$1,595
16 years$3,850$3,259$2,746$2,305$1,928$1,374
17 years$3,586$3,001$2,499$2,071$1,709$1,188
18 years$3,351$2,773$2,281$1,866$1,520$1,029
19 years$3,142$2,570$2,088$1,686$1,355$893
20 years$2,953$2,388$1,916$1,527$1,210$777
21 years$2,783$2,225$1,763$1,386$1,083$676
22 years$2,629$2,077$1,625$1,260$970$590
23 years$2,488$1,942$1,500$1,148$871$515
24 years$2,359$1,820$1,387$1,047$783$450
25 years$2,240$1,708$1,285$956$705$393
26 years$2,131$1,605$1,192$874$635$344
27 years$2,030$1,511$1,107$800$572$301
28 years$1,937$1,423$1,029$733$516$264
29 years$1,850$1,343$957$672$466$231
30 years$1,769$1,268$892$617$421$203
31 years$1,693$1,199$831$567$381$178
32 years$1,623$1,134$776$521$345$156
33 years$1,556$1,074$724$479$312$137
34 years$1,494$1,018$677$441$282$120
35 years$1,435$966$633$406$256$106
36 years$1,380$917$592$374$232$93
37 years$1,328$871$554$344$210$82
38 years$1,279$827$519$317$190$72
39 years$1,232$787$486$292$173$63
40 years$1,188$748$456$270$157$55
41 years$1,146$712$427$249$142$49
42 years$1,106$679$401$230$129$43
43 years$1,069$646$376$212$117$38
44 years$1,032$616$353$196$106$33
45 years$998$588$331$181$96$29
46 years$965$561$311$167$88$26
47 years$934$535$292$154$79$22
48 years$904$511$275$143$72$20
49 years$876$488$258$132$66$17
50 years$848$466$243$122$60$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $869,000, adding $5,231 every year, while hoping to spend $46,938 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: 55/36/9 Blend
55$869,000$869,000$869,000$869,000
56$963,034$916,977$903,507$1,013,607
57$1,011,322$911,967$883,833$1,043,400
58$1,062,962$905,139$861,927$1,070,204
59$1,118,246$896,353$837,664$1,098,261
60$1,177,496$885,463$810,914$1,127,701
61$1,241,062$872,312$781,542$1,158,663
62$1,309,332$856,737$749,404$1,191,306
63$1,382,728$838,561$714,354$1,225,808
64$1,461,715$817,600$676,234$1,262,366
65$1,546,805$793,657$634,882$1,301,201
66$1,638,557$766,524$590,129$1,342,558
67$1,737,589$735,983$541,797$1,386,711
68$1,844,576$701,799$489,701$1,433,966
69$1,960,264$663,728$433,646$1,484,663
70$2,085,469$621,509$373,432$1,539,181
71$2,221,091$574,867$308,846$1,597,941
72$2,368,117$523,511$239,667$1,661,411
73$2,527,636$467,133$165,667$1,730,114
74$2,700,841$405,409$86,603$1,804,628
75$2,889,048$337,995$2,225$1,885,599
76$3,093,703$264,529$0$1,973,740
77$3,316,396$184,627$0$2,078,280
78$3,558,879$97,884$0$2,192,444
79$3,823,078$3,874$0$2,317,024
80$4,111,113$0$0$2,453,134
81$4,425,317$0$0$2,640,774
82$4,768,259$0$0$2,847,327
83$5,142,764$0$0$3,072,969
84$5,551,946$0$0$3,319,586
85$5,999,229$0$0$3,589,253
86$6,488,386$0$0$3,884,254
87$7,023,571$0$0$4,207,106
88$7,609,355$0$0$4,560,579
89$8,250,775$0$0$4,947,723
90$8,953,376$0$0$5,371,897
91$9,723,264$0$0$5,836,802
92$10,567,164$0$0$6,346,511
93$11,492,485$0$0$6,905,514
94$12,507,384$0$0$7,518,751
95$13,620,846$0$0$8,191,668
96$14,842,769$0$0$8,930,263
97$16,184,056$0$0$9,741,139
98$17,656,714$0$0$10,631,575
99$19,273,973$0$0$11,609,585
100$21,050,405$0$0$12,684,001