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%15.5%
1 years$71,761$71,122$70,498$69,890$69,295$67,730
2 years$35,525$34,864$34,223$33,601$32,998$31,429
3 years$23,448$22,784$22,144$21,528$20,935$19,412
4 years$17,411$16,749$16,115$15,510$14,931$13,466
5 years$13,790$13,131$12,506$11,913$11,350$9,946
6 years$11,376$10,722$10,107$9,527$8,981$7,640
7 years$9,653$9,005$8,399$7,833$7,304$6,026
8 years$8,361$7,719$7,123$6,571$6,059$4,844
9 years$7,357$6,721$6,135$5,597$5,103$3,950
10 years$6,554$5,924$5,349$4,824$4,348$3,255
11 years$5,897$5,274$4,709$4,199$3,739$2,706
12 years$5,350$4,733$4,179$3,683$3,240$2,264
13 years$4,888$4,278$3,734$3,251$2,826$1,905
14 years$4,492$3,888$3,355$2,886$2,477$1,610
15 years$4,150$3,552$3,029$2,574$2,181$1,366
16 years$3,850$3,259$2,746$2,305$1,928$1,163
17 years$3,586$3,001$2,499$2,071$1,709$992
18 years$3,351$2,773$2,281$1,866$1,520$848
19 years$3,142$2,570$2,088$1,686$1,355$726
20 years$2,953$2,388$1,916$1,527$1,210$623
21 years$2,783$2,225$1,763$1,386$1,083$535
22 years$2,629$2,077$1,625$1,260$970$460
23 years$2,488$1,942$1,500$1,148$871$396
24 years$2,359$1,820$1,387$1,047$783$341
25 years$2,240$1,708$1,285$956$705$294
26 years$2,131$1,605$1,192$874$635$254
27 years$2,030$1,511$1,107$800$572$219
28 years$1,937$1,423$1,029$733$516$189
29 years$1,850$1,343$957$672$466$163
30 years$1,769$1,268$892$617$421$141
31 years$1,693$1,199$831$567$381$122
32 years$1,623$1,134$776$521$345$105
33 years$1,556$1,074$724$479$312$91
34 years$1,494$1,018$677$441$282$79
35 years$1,435$966$633$406$256$68
36 years$1,380$917$592$374$232$59
37 years$1,328$871$554$344$210$51
38 years$1,279$827$519$317$190$44
39 years$1,232$787$486$292$173$38
40 years$1,188$748$456$270$157$33
41 years$1,146$712$427$249$142$29
42 years$1,106$679$401$230$129$25
43 years$1,069$646$376$212$117$21
44 years$1,032$616$353$196$106$19
45 years$998$588$331$181$96$16
46 years$965$561$311$167$88$14
47 years$934$535$292$154$79$12
48 years$904$511$275$143$72$10
49 years$876$488$258$132$66$9
50 years$848$466$243$122$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $869,000, adding $3,100 every year, while hoping to spend $28,709 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: 45/32/23 Blend
55$869,000$869,000$869,000$869,000
56$960,836$914,779$901,309$997,575
57$1,028,295$929,057$900,957$1,038,075
58$1,101,672$943,072$899,631$1,078,920
59$1,181,542$956,782$897,267$1,122,636
60$1,268,535$970,139$893,801$1,169,507
61$1,363,345$983,096$889,163$1,219,842
62$1,466,736$995,597$883,280$1,273,988
63$1,579,549$1,007,588$876,076$1,332,323
64$1,702,711$1,019,007$867,472$1,395,267
65$1,837,239$1,029,790$857,384$1,463,284
66$1,984,256$1,039,869$845,725$1,536,887
67$2,144,997$1,049,169$832,404$1,616,642
68$2,320,822$1,057,613$817,324$1,703,174
69$2,513,227$1,065,118$800,386$1,797,174
70$2,723,861$1,071,594$781,484$1,899,405
71$2,954,540$1,076,947$760,509$2,010,710
72$3,207,263$1,081,077$737,346$2,132,019
73$3,484,232$1,083,878$711,875$2,264,359
74$3,787,871$1,085,235$683,970$2,408,865
75$4,120,850$1,085,028$653,500$2,566,791
76$4,486,113$1,083,130$620,327$2,739,518
77$4,886,897$1,079,405$584,309$2,928,575
78$5,326,772$1,073,707$545,295$3,135,647
79$5,809,669$1,065,885$503,129$3,362,595
80$6,339,918$1,055,776$457,646$3,611,472
81$6,922,289$1,043,208$408,676$3,884,547
82$7,562,036$1,027,999$356,041$4,184,320
83$8,264,948$1,009,955$299,552$4,513,554
84$9,037,401$988,872$239,016$4,875,297
85$9,886,422$964,532$174,229$5,272,910
86$10,819,750$936,707$104,979$5,710,105
87$11,845,913$905,154$31,044$6,190,976
88$12,974,304$869,615$0$6,720,041
89$14,215,275$829,817$0$7,314,028
90$15,580,228$785,474$0$7,975,587
91$17,081,730$736,280$0$8,703,217
92$18,733,622$681,914$0$9,503,675
93$20,551,158$622,035$0$10,384,412
94$22,551,145$556,283$0$11,353,638
95$24,752,099$484,278$0$12,420,410
96$27,174,423$405,617$0$13,594,710
97$29,840,599$319,878$0$14,887,542
98$32,775,398$226,610$0$16,311,040
99$36,006,115$125,340$0$17,878,581
100$39,562,826$15,568$0$19,604,909