Can I retire at age 56 with 882,000?

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 $882,000?

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$72,835$72,186$71,553$70,935$70,332$68,108
2 years$36,057$35,385$34,734$34,103$33,491$31,271
3 years$23,799$23,125$22,475$21,850$21,248$19,101
4 years$17,671$16,999$16,356$15,742$15,154$13,097
5 years$13,996$13,327$12,693$12,091$11,520$9,558
6 years$11,546$10,883$10,258$9,670$9,116$7,250
7 years$9,797$9,139$8,524$7,950$7,413$5,644
8 years$8,486$7,834$7,229$6,669$6,150$4,476
9 years$7,467$6,821$6,227$5,680$5,179$3,599
10 years$6,652$6,012$5,429$4,897$4,413$2,924
11 years$5,985$5,353$4,779$4,262$3,795$2,395
12 years$5,431$4,804$4,241$3,738$3,289$1,974
13 years$4,961$4,342$3,789$3,300$2,868$1,636
14 years$4,560$3,946$3,405$2,929$2,514$1,361
15 years$4,212$3,605$3,074$2,613$2,214$1,136
16 years$3,908$3,308$2,787$2,339$1,956$951
17 years$3,640$3,046$2,536$2,102$1,735$798
18 years$3,402$2,815$2,315$1,894$1,542$670
19 years$3,189$2,609$2,119$1,711$1,375$564
20 years$2,998$2,424$1,945$1,550$1,228$476
21 years$2,825$2,258$1,789$1,407$1,099$402
22 years$2,668$2,108$1,649$1,279$985$339
23 years$2,525$1,971$1,523$1,165$884$287
24 years$2,394$1,847$1,408$1,062$795$243
25 years$2,274$1,733$1,304$970$715$205
26 years$2,163$1,629$1,210$887$644$174
27 years$2,061$1,533$1,123$812$581$147
28 years$1,966$1,445$1,044$744$524$125
29 years$1,878$1,363$972$682$473$106
30 years$1,795$1,287$905$626$428$90
31 years$1,719$1,217$844$575$387$76
32 years$1,647$1,151$787$529$350$64
33 years$1,580$1,090$735$486$316$55
34 years$1,516$1,033$687$447$287$46
35 years$1,457$980$642$412$260$39
36 years$1,401$930$601$379$235$33
37 years$1,348$884$562$349$213$28
38 years$1,298$840$526$322$193$24
39 years$1,251$798$493$297$175$20
40 years$1,206$760$462$274$159$17
41 years$1,163$723$434$253$144$15
42 years$1,123$689$407$233$131$12
43 years$1,085$656$382$215$119$11
44 years$1,048$625$358$199$108$9
45 years$1,013$596$336$184$98$8
46 years$980$569$316$170$89$6
47 years$948$543$297$157$81$5
48 years$918$518$279$145$73$5
49 years$889$495$262$134$67$4
50 years$861$473$246$124$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $882,000, adding $3,161 every year, while hoping to spend $40,129 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: 52/28/20 Blend
55$882,000$882,000$882,000$882,000
56$975,225$928,479$914,808$1,020,407
57$1,032,001$931,277$902,757$1,054,649
58$1,093,223$932,868$888,957$1,087,445
59$1,159,302$933,149$873,308$1,122,261
60$1,230,691$932,013$855,704$1,159,302
61$1,307,885$929,345$836,033$1,198,797
62$1,391,430$925,024$814,181$1,240,997
63$1,481,927$918,921$790,027$1,286,185
64$1,580,034$910,899$763,443$1,334,672
65$1,686,476$900,812$734,298$1,386,804
66$1,802,053$888,508$702,453$1,442,964
67$1,927,640$873,822$667,763$1,503,577
68$2,064,203$856,583$630,077$1,569,115
69$2,212,804$836,608$589,236$1,640,099
70$2,374,610$813,702$545,076$1,717,109
71$2,550,908$787,661$497,424$1,800,784
72$2,743,112$758,268$446,099$1,891,835
73$2,952,780$725,293$390,913$1,991,048
74$3,181,624$688,494$331,670$2,099,292
75$3,431,532$647,612$268,163$2,217,532
76$3,704,580$602,377$200,178$2,346,833
77$4,003,054$552,500$127,491$2,488,375
78$4,329,472$497,679$49,868$2,643,462
79$4,686,604$437,592$0$2,813,539
80$5,077,504$371,899$0$3,007,237
81$5,505,530$300,244$0$3,231,101
82$5,974,384$222,245$0$3,476,486
83$6,488,140$137,505$0$3,745,610
84$7,051,288$45,599$0$4,040,920
85$7,668,769$0$0$4,365,118
86$8,346,028$0$0$4,737,796
87$9,089,061$0$0$5,162,172
88$9,904,474$0$0$5,627,980
89$10,799,541$0$0$6,139,388
90$11,782,276$0$0$6,700,985
91$12,861,508$0$0$7,317,830
92$14,046,960$0$0$7,995,493
93$15,349,347$0$0$8,740,113
94$16,780,469$0$0$9,558,449
95$18,353,329$0$0$10,457,952
96$20,082,249$0$0$11,446,826
97$21,983,012$0$0$12,534,114
98$24,073,002$0$0$13,729,776
99$26,371,374$0$0$15,044,788
100$28,899,232$0$0$16,491,239