Can I retire at age 56 with 874,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$72,174$71,531$70,904$70,292$69,694$67,490
2 years$35,730$35,064$34,419$33,794$33,188$30,987
3 years$23,583$22,915$22,272$21,652$21,056$18,928
4 years$17,511$16,845$16,208$15,599$15,017$12,978
5 years$13,869$13,207$12,578$11,982$11,416$9,471
6 years$11,441$10,784$10,165$9,582$9,033$7,184
7 years$9,708$9,057$8,447$7,878$7,346$5,593
8 years$8,409$7,763$7,164$6,608$6,094$4,436
9 years$7,399$6,759$6,170$5,629$5,132$3,567
10 years$6,591$5,958$5,379$4,852$4,373$2,898
11 years$5,931$5,304$4,736$4,223$3,761$2,373
12 years$5,381$4,761$4,203$3,704$3,259$1,956
13 years$4,916$4,302$3,755$3,270$2,842$1,621
14 years$4,518$3,911$3,374$2,903$2,491$1,348
15 years$4,174$3,572$3,046$2,589$2,194$1,126
16 years$3,872$3,278$2,762$2,318$1,939$942
17 years$3,607$3,019$2,513$2,083$1,719$790
18 years$3,371$2,789$2,294$1,877$1,528$664
19 years$3,160$2,585$2,100$1,696$1,362$559
20 years$2,970$2,402$1,927$1,536$1,217$471
21 years$2,799$2,238$1,773$1,394$1,089$398
22 years$2,644$2,089$1,634$1,268$976$336
23 years$2,502$1,953$1,509$1,154$876$284
24 years$2,372$1,830$1,395$1,053$788$240
25 years$2,253$1,718$1,292$962$709$203
26 years$2,144$1,614$1,199$879$638$172
27 years$2,042$1,519$1,113$805$576$146
28 years$1,948$1,432$1,035$737$519$124
29 years$1,861$1,351$963$676$469$105
30 years$1,779$1,275$897$620$424$89
31 years$1,703$1,206$836$570$383$75
32 years$1,632$1,141$780$524$346$64
33 years$1,565$1,080$728$482$314$54
34 years$1,503$1,024$681$443$284$46
35 years$1,444$971$636$408$257$39
36 years$1,388$922$595$376$233$33
37 years$1,336$876$557$346$211$28
38 years$1,286$832$522$319$191$24
39 years$1,239$791$489$294$174$20
40 years$1,195$753$458$271$157$17
41 years$1,153$717$430$250$143$15
42 years$1,113$682$403$231$130$12
43 years$1,075$650$378$213$118$10
44 years$1,038$620$355$197$107$9
45 years$1,004$591$333$182$97$8
46 years$971$564$313$168$88$6
47 years$940$538$294$155$80$5
48 years$910$514$276$143$73$5
49 years$881$490$260$133$66$4
50 years$853$469$244$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $874,000, adding $4,609 every year, while hoping to spend $52,334 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: 38/49/13 Blend
55$874,000$874,000$874,000$874,000
56$967,902$921,580$908,033$1,000,700
57$1,010,945$911,055$882,769$1,013,977
58$1,056,625$898,259$854,905$1,022,903
59$1,105,154$883,028$824,298$1,031,405
60$1,156,767$865,184$790,800$1,039,471
61$1,211,720$844,540$754,254$1,047,091
62$1,270,292$820,899$714,498$1,054,259
63$1,332,791$794,052$671,362$1,060,973
64$1,399,551$763,776$624,669$1,067,236
65$1,470,942$729,838$574,232$1,073,057
66$1,547,366$691,988$519,857$1,078,451
67$1,629,267$649,966$461,342$1,083,441
68$1,717,131$603,492$398,475$1,088,061
69$1,811,489$552,274$331,035$1,092,352
70$1,912,927$496,001$258,790$1,096,370
71$2,022,086$434,346$181,501$1,100,183
72$2,139,672$366,962$98,914$1,103,873
73$2,266,459$293,484$10,768$1,107,542
74$2,403,297$213,524$0$1,111,311
75$2,551,121$126,674$0$1,126,877
76$2,710,957$32,503$0$1,145,199
77$2,883,935$0$0$1,165,021
78$3,071,295$0$0$1,224,059
79$3,274,402$0$0$1,307,156
80$3,494,755$0$0$1,397,414
81$3,734,005$0$0$1,495,522
82$3,993,966$0$0$1,602,237
83$4,276,635$0$0$1,718,394
84$4,584,207$0$0$1,844,909
85$4,919,099$0$0$1,982,793
86$5,283,970$0$0$2,133,157
87$5,681,747$0$0$2,297,224
88$6,115,649$0$0$2,476,340
89$6,589,222$0$0$2,671,987
90$7,106,367$0$0$2,885,796
91$7,671,380$0$0$3,119,563
92$8,288,989$0$0$3,375,267
93$8,964,401$0$0$3,655,084
94$9,703,348$0$0$3,961,412
95$10,512,141$0$0$4,296,890
96$11,397,732$0$0$4,664,427
97$12,367,774$0$0$5,067,225
98$13,430,695$0$0$5,508,809
99$14,595,779$0$0$5,993,063
100$15,873,248$0$0$6,524,266