Can I retire at age 56 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$72,009$71,368$70,742$70,131$69,535$68,298
2 years$35,648$34,984$34,341$33,717$33,112$31,870
3 years$23,529$22,862$22,221$21,603$21,007$19,800
4 years$17,471$16,806$16,171$15,564$14,983$13,818
5 years$13,837$13,176$12,549$11,954$11,390$10,271
6 years$11,415$10,760$10,142$9,560$9,012$7,941
7 years$9,686$9,036$8,428$7,860$7,329$6,306
8 years$8,390$7,745$7,147$6,593$6,080$5,105
9 years$7,382$6,744$6,156$5,616$5,121$4,192
10 years$6,576$5,944$5,367$4,841$4,363$3,481
11 years$5,918$5,292$4,725$4,213$3,752$2,915
12 years$5,369$4,750$4,193$3,696$3,252$2,459
13 years$4,905$4,292$3,746$3,263$2,836$2,085
14 years$4,508$3,902$3,366$2,896$2,486$1,777
15 years$4,164$3,564$3,039$2,583$2,189$1,520
16 years$3,863$3,270$2,756$2,313$1,934$1,305
17 years$3,598$3,012$2,507$2,078$1,715$1,123
18 years$3,363$2,783$2,289$1,873$1,525$968
19 years$3,153$2,579$2,095$1,692$1,359$837
20 years$2,964$2,397$1,923$1,533$1,214$724
21 years$2,793$2,232$1,769$1,391$1,086$628
22 years$2,638$2,084$1,630$1,265$974$545
23 years$2,496$1,949$1,505$1,152$874$473
24 years$2,367$1,826$1,392$1,050$786$412
25 years$2,248$1,714$1,289$959$707$358
26 years$2,139$1,611$1,196$877$637$312
27 years$2,037$1,516$1,110$803$574$272
28 years$1,943$1,428$1,032$736$518$237
29 years$1,856$1,347$961$675$468$207
30 years$1,775$1,272$895$619$423$180
31 years$1,699$1,203$834$569$382$157
32 years$1,628$1,138$778$523$346$138
33 years$1,562$1,078$727$481$313$120
34 years$1,499$1,022$679$442$283$105
35 years$1,440$969$635$407$257$92
36 years$1,385$920$594$375$232$80
37 years$1,333$874$556$345$211$70
38 years$1,283$830$521$318$191$61
39 years$1,236$789$488$294$173$53
40 years$1,192$751$457$271$157$47
41 years$1,150$715$429$250$143$41
42 years$1,110$681$402$231$129$36
43 years$1,072$649$377$213$117$31
44 years$1,036$618$354$196$107$27
45 years$1,002$590$333$181$97$24
46 years$969$563$312$168$88$21
47 years$937$537$293$155$80$18
48 years$907$512$276$143$72$16
49 years$879$489$259$132$66$14
50 years$851$467$244$122$60$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $872,000, adding $3,421 every year, while hoping to spend $25,576 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: 44/39/17 Blend
55$872,000$872,000$872,000$872,000
56$964,473$918,257$904,741$1,002,034
57$1,035,636$936,039$907,837$1,046,501
58$1,113,201$953,835$910,180$1,091,862
59$1,197,794$971,619$911,717$1,140,487
60$1,290,103$989,362$912,393$1,192,687
61$1,390,886$1,007,034$912,151$1,248,808
62$1,500,979$1,024,601$910,931$1,309,230
63$1,621,301$1,042,028$908,669$1,374,373
64$1,752,863$1,059,277$905,298$1,444,701
65$1,896,779$1,076,305$900,750$1,520,725
66$2,054,276$1,093,070$894,951$1,603,008
67$2,226,704$1,109,523$887,824$1,692,173
68$2,415,552$1,125,613$879,289$1,788,906
69$2,622,456$1,141,285$869,263$1,893,964
70$2,849,220$1,156,482$857,658$2,008,183
71$3,097,832$1,171,141$844,381$2,132,483
72$3,370,479$1,185,195$829,335$2,267,883
73$3,669,571$1,198,573$812,421$2,415,502
74$3,997,762$1,211,198$793,532$2,576,580
75$4,357,976$1,222,989$772,558$2,752,481
76$4,753,434$1,233,860$749,383$2,944,711
77$5,187,684$1,243,719$723,887$3,154,931
78$5,664,633$1,252,466$695,943$3,384,975
79$6,188,587$1,259,999$665,418$3,636,863
80$6,764,289$1,266,204$632,175$3,912,825
81$7,396,962$1,270,964$596,069$4,215,321
82$8,092,364$1,274,153$556,949$4,547,065
83$8,856,835$1,275,637$514,657$4,911,048
84$9,697,363$1,275,273$469,029$5,310,572
85$10,621,644$1,272,912$419,891$5,749,276
86$11,638,159$1,268,392$367,065$6,231,175
87$12,756,251$1,261,543$310,362$6,760,698
88$13,986,216$1,252,185$249,585$7,342,729
89$15,339,395$1,240,127$184,531$7,982,651
90$16,828,285$1,225,166$114,985$8,686,406
91$18,466,657$1,207,085$40,724$9,460,542
92$20,269,682$1,185,659$0$10,312,281
93$22,254,077$1,160,644$0$11,256,577
94$24,438,263$1,131,786$0$12,303,562
95$26,842,536$1,098,813$0$13,455,569
96$29,489,258$1,061,438$0$14,723,327
97$32,403,073$1,019,360$0$16,118,658
98$35,611,134$972,255$0$17,654,597
99$39,143,359$919,785$0$19,345,513
100$43,032,718$861,591$0$21,207,243