Can I retire at age 56 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$71,926$71,286$70,661$70,051$69,455$67,858
2 years$35,607$34,944$34,301$33,678$33,074$31,474
3 years$23,502$22,836$22,195$21,578$20,983$19,431
4 years$17,451$16,787$16,152$15,546$14,965$13,472
5 years$13,821$13,161$12,535$11,941$11,377$9,946
6 years$11,402$10,747$10,130$9,549$9,002$7,635
7 years$9,675$9,025$8,418$7,851$7,321$6,019
8 years$8,380$7,736$7,139$6,586$6,073$4,836
9 years$7,374$6,736$6,149$5,610$5,115$3,940
10 years$6,569$5,937$5,361$4,836$4,358$3,246
11 years$5,911$5,286$4,720$4,208$3,748$2,696
12 years$5,363$4,744$4,189$3,691$3,248$2,255
13 years$4,900$4,287$3,742$3,259$2,832$1,896
14 years$4,503$3,897$3,362$2,893$2,483$1,601
15 years$4,159$3,560$3,036$2,580$2,186$1,358
16 years$3,859$3,266$2,752$2,310$1,932$1,154
17 years$3,594$3,008$2,505$2,076$1,713$984
18 years$3,359$2,780$2,286$1,870$1,523$841
19 years$3,149$2,576$2,093$1,690$1,358$720
20 years$2,960$2,394$1,921$1,531$1,213$617
21 years$2,790$2,230$1,767$1,389$1,085$529
22 years$2,635$2,081$1,628$1,263$973$455
23 years$2,494$1,947$1,504$1,150$873$391
24 years$2,364$1,824$1,391$1,049$785$337
25 years$2,246$1,712$1,288$958$706$290
26 years$2,136$1,609$1,194$876$636$250
27 years$2,035$1,514$1,109$802$574$216
28 years$1,941$1,427$1,031$735$518$186
29 years$1,854$1,346$960$674$467$161
30 years$1,773$1,271$894$618$422$139
31 years$1,697$1,202$833$568$382$120
32 years$1,626$1,137$777$522$345$103
33 years$1,560$1,077$726$480$313$89
34 years$1,497$1,020$678$442$283$77
35 years$1,439$968$634$407$256$67
36 years$1,383$919$593$374$232$58
37 years$1,331$873$555$345$210$50
38 years$1,282$829$520$318$191$43
39 years$1,235$788$487$293$173$37
40 years$1,191$750$457$270$157$32
41 years$1,149$714$428$249$142$28
42 years$1,109$680$402$230$129$24
43 years$1,071$648$377$213$117$21
44 years$1,035$618$354$196$106$18
45 years$1,000$589$332$181$97$16
46 years$968$562$312$167$88$13
47 years$936$536$293$155$80$12
48 years$906$512$275$143$72$10
49 years$878$489$259$132$66$9
50 years$850$467$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 $871,000, adding $3,563 every year, while hoping to spend $22,011 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: 77/18/5 Blend
55$871,000$871,000$871,000$871,000
56$963,517$917,354$903,854$1,037,177
57$1,038,376$938,885$910,713$1,107,531
58$1,120,134$960,733$917,065$1,181,424
59$1,209,469$982,891$922,868$1,261,780
60$1,307,132$1,005,349$928,081$1,349,231
61$1,413,946$1,028,099$932,659$1,444,471
62$1,530,821$1,051,128$936,556$1,548,268
63$1,658,755$1,074,424$939,721$1,661,465
64$1,798,850$1,097,972$942,103$1,784,990
65$1,952,319$1,121,758$943,649$1,919,866
66$2,120,495$1,145,765$944,302$2,067,221
67$2,304,850$1,169,972$944,000$2,228,296
68$2,507,004$1,194,359$942,683$2,404,458
69$2,728,739$1,218,904$940,284$2,597,212
70$2,972,022$1,243,581$936,734$2,808,218
71$3,239,014$1,268,363$931,962$3,039,304
72$3,532,102$1,293,221$925,890$3,292,481
73$3,853,909$1,318,122$918,441$3,569,969
74$4,207,330$1,343,031$909,530$3,874,212
75$4,595,549$1,367,912$899,071$4,207,900
76$5,022,077$1,392,722$886,972$4,574,000
77$5,490,782$1,417,417$873,139$4,975,781
78$6,005,922$1,441,952$857,469$5,416,844
79$6,572,192$1,466,273$839,860$5,901,155
80$7,194,762$1,490,327$820,202$6,433,086
81$7,879,329$1,514,054$798,380$7,017,455
82$8,632,168$1,537,390$774,273$7,659,568
83$9,460,195$1,560,268$747,757$8,365,275
84$10,371,029$1,582,615$718,701$9,141,019
85$11,373,063$1,604,353$686,967$9,993,901
86$12,475,547$1,625,397$652,412$10,931,747
87$13,688,671$1,645,660$614,885$11,963,180
88$15,023,663$1,665,045$574,232$13,097,700
89$16,492,894$1,683,450$530,286$14,345,778
90$18,109,997$1,700,766$482,879$15,718,951
91$19,889,992$1,716,879$431,830$17,229,935
92$21,849,428$1,731,663$376,953$18,892,739
93$24,006,543$1,744,988$318,054$20,722,804
94$26,381,430$1,756,712$254,929$22,737,143
95$28,996,232$1,766,686$187,365$24,954,506
96$31,875,346$1,774,752$115,140$27,395,554
97$35,045,657$1,780,741$38,023$30,083,055
98$38,536,788$1,784,472$0$33,042,102
99$42,381,385$1,785,755$0$36,302,705
100$46,615,416$1,784,387$0$39,895,293