Can I retire at age 56 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$73,165$72,513$71,877$71,257$70,651$69,338
2 years$36,220$35,546$34,892$34,258$33,643$32,325
3 years$23,907$23,230$22,577$21,950$21,345$20,063
4 years$17,752$17,076$16,431$15,813$15,223$13,987
5 years$14,059$13,388$12,751$12,146$11,572$10,386
6 years$11,599$10,932$10,305$9,713$9,157$8,022
7 years$9,842$9,181$8,563$7,986$7,447$6,363
8 years$8,524$7,870$7,262$6,699$6,178$5,145
9 years$7,501$6,852$6,255$5,706$5,203$4,220
10 years$6,682$6,040$5,453$4,919$4,433$3,499
11 years$6,013$5,377$4,801$4,281$3,813$2,927
12 years$5,455$4,826$4,261$3,755$3,304$2,466
13 years$4,984$4,361$3,807$3,315$2,881$2,089
14 years$4,580$3,964$3,420$2,943$2,526$1,777
15 years$4,231$3,621$3,088$2,624$2,224$1,518
16 years$3,925$3,323$2,800$2,350$1,965$1,301
17 years$3,656$3,060$2,548$2,111$1,743$1,118
18 years$3,417$2,828$2,326$1,903$1,549$963
19 years$3,203$2,621$2,129$1,719$1,381$831
20 years$3,011$2,435$1,954$1,557$1,234$718
21 years$2,838$2,268$1,797$1,413$1,104$622
22 years$2,680$2,117$1,656$1,285$989$539
23 years$2,536$1,980$1,529$1,170$888$467
24 years$2,405$1,855$1,414$1,067$798$406
25 years$2,284$1,741$1,310$975$718$353
26 years$2,173$1,636$1,215$891$647$307
27 years$2,070$1,540$1,128$816$583$267
28 years$1,975$1,451$1,049$747$526$232
29 years$1,886$1,369$976$685$475$202
30 years$1,804$1,293$909$629$430$176
31 years$1,726$1,222$848$578$388$153
32 years$1,654$1,156$791$531$351$134
33 years$1,587$1,095$738$488$318$117
34 years$1,523$1,038$690$449$288$102
35 years$1,463$985$645$414$261$89
36 years$1,407$934$603$381$236$77
37 years$1,354$888$565$351$214$68
38 years$1,304$843$529$323$194$59
39 years$1,256$802$496$298$176$51
40 years$1,211$763$464$275$160$45
41 years$1,169$726$435$254$145$39
42 years$1,128$692$409$234$131$34
43 years$1,089$659$383$216$119$30
44 years$1,053$628$360$200$108$26
45 years$1,018$599$338$184$98$23
46 years$984$572$317$170$89$20
47 years$952$545$298$157$81$17
48 years$922$521$280$145$74$15
49 years$893$497$263$134$67$13
50 years$865$475$248$124$61$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $886,000, adding $2,986 every year, while hoping to spend $21,741 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: 83/7/10 Blend
55$886,000$886,000$886,000$886,000
56$979,452$932,494$918,761$1,059,011
57$1,056,224$955,054$926,407$1,134,075
58$1,140,098$977,991$933,581$1,213,283
59$1,231,775$1,001,300$940,243$1,299,606
60$1,332,029$1,024,976$946,354$1,393,744
61$1,441,708$1,049,012$951,869$1,496,472
62$1,561,750$1,073,401$956,744$1,608,639
63$1,693,185$1,098,134$960,932$1,731,184
64$1,837,149$1,123,202$964,382$1,865,140
65$1,994,891$1,148,592$967,042$2,011,643
66$2,167,790$1,174,293$968,858$2,171,947
67$2,357,361$1,200,290$969,771$2,347,431
68$2,565,275$1,226,567$969,721$2,539,617
69$2,793,371$1,253,107$968,645$2,750,178
70$3,043,675$1,279,890$966,475$2,980,961
71$3,318,420$1,306,894$963,142$3,233,998
72$3,620,064$1,334,098$958,573$3,511,528
73$3,951,316$1,361,473$952,690$3,816,019
74$4,315,158$1,388,994$945,414$4,150,189
75$4,714,878$1,416,628$936,659$4,517,034
76$5,154,096$1,444,343$926,337$4,919,854
77$5,636,801$1,472,103$914,356$5,362,284
78$6,167,386$1,499,868$900,619$5,848,333
79$6,750,694$1,527,595$885,024$6,382,413
80$7,392,057$1,555,240$867,465$6,969,389
81$8,097,352$1,582,752$847,830$7,614,622
82$8,873,054$1,610,079$826,004$8,324,016
83$9,726,295$1,637,162$801,865$9,104,080
84$10,664,935$1,663,941$775,285$9,961,985
85$11,697,632$1,690,348$746,131$10,905,632
86$12,833,928$1,716,312$714,264$11,943,728
87$14,084,335$1,741,758$679,538$13,085,869
88$15,460,436$1,766,603$641,801$14,342,626
89$16,974,993$1,790,759$600,895$15,725,652
90$18,642,070$1,814,134$556,652$17,247,784
91$20,477,160$1,836,626$508,899$18,923,169
92$22,497,338$1,858,128$457,455$20,767,399
93$24,721,417$1,878,527$402,130$22,797,652
94$27,170,127$1,897,699$342,726$25,032,860
95$29,866,309$1,915,516$279,037$27,493,886
96$32,835,134$1,931,838$210,846$30,203,719
97$36,104,336$1,946,517$137,928$33,187,693
98$39,704,478$1,959,395$60,048$36,473,726
99$43,669,235$1,970,307$0$40,092,583
100$48,035,718$1,979,072$0$44,080,627