Can I retire at age 56 with 909,000?

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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$75,064$74,396$73,743$73,107$72,485$70,934
2 years$37,161$36,468$35,798$35,147$34,517$32,962
3 years$24,528$23,833$23,164$22,519$21,899$20,389
4 years$18,212$17,519$16,857$16,224$15,618$14,164
5 years$14,424$13,735$13,082$12,462$11,873$10,479
6 years$11,900$11,216$10,572$9,966$9,395$8,063
7 years$10,097$9,419$8,785$8,193$7,640$6,370
8 years$8,746$8,074$7,451$6,873$6,338$5,130
9 years$7,695$7,030$6,417$5,854$5,338$4,190
10 years$6,855$6,196$5,595$5,047$4,548$3,460
11 years$6,169$5,516$4,926$4,392$3,912$2,881
12 years$5,597$4,951$4,371$3,852$3,390$2,416
13 years$5,113$4,474$3,905$3,401$2,956$2,037
14 years$4,699$4,067$3,509$3,019$2,591$1,725
15 years$4,341$3,715$3,168$2,692$2,281$1,467
16 years$4,027$3,409$2,872$2,411$2,016$1,251
17 years$3,751$3,139$2,614$2,166$1,788$1,069
18 years$3,506$2,901$2,386$1,952$1,590$916
19 years$3,286$2,689$2,184$1,764$1,417$786
20 years$3,089$2,498$2,005$1,598$1,266$676
21 years$2,911$2,327$1,844$1,450$1,133$582
22 years$2,750$2,172$1,699$1,318$1,015$502
23 years$2,602$2,032$1,569$1,201$911$433
24 years$2,467$1,904$1,451$1,095$819$374
25 years$2,344$1,786$1,344$1,000$737$323
26 years$2,229$1,679$1,247$914$664$279
27 years$2,124$1,580$1,158$837$599$242
28 years$2,026$1,489$1,076$767$540$209
29 years$1,935$1,405$1,001$703$488$181
30 years$1,850$1,326$933$645$441$157
31 years$1,771$1,254$870$593$398$136
32 years$1,697$1,187$811$545$360$118
33 years$1,628$1,124$758$501$326$102
34 years$1,563$1,065$708$461$295$88
35 years$1,501$1,010$662$424$267$77
36 years$1,444$959$619$391$242$67
37 years$1,389$911$579$360$220$58
38 years$1,338$865$543$332$199$50
39 years$1,289$823$508$306$181$43
40 years$1,243$783$476$282$164$38
41 years$1,199$745$447$260$149$33
42 years$1,157$710$419$240$135$28
43 years$1,118$676$393$222$122$25
44 years$1,080$645$369$205$111$21
45 years$1,044$615$347$189$101$19
46 years$1,010$586$326$175$92$16
47 years$977$560$306$161$83$14
48 years$946$534$287$149$75$12
49 years$916$510$270$138$69$11
50 years$888$487$254$127$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $909,000, adding $2,790 every year, while hoping to spend $20,095 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: 33/42/25 Blend
55$909,000$909,000$909,000$909,000
56$1,004,596$956,419$942,329$1,030,005
57$1,085,684$981,902$952,516$1,074,872
58$1,174,369$1,007,961$962,371$1,121,192
59$1,271,406$1,034,602$971,862$1,170,714
60$1,377,623$1,061,832$980,953$1,223,732
61$1,493,936$1,089,657$989,610$1,280,572
62$1,621,350$1,118,083$997,795$1,341,594
63$1,760,974$1,147,115$1,005,467$1,407,192
64$1,914,028$1,176,758$1,012,585$1,477,802
65$2,081,857$1,207,018$1,019,105$1,553,903
66$2,265,941$1,237,897$1,024,980$1,636,024
67$2,467,912$1,269,398$1,030,161$1,724,746
68$2,689,565$1,301,525$1,034,598$1,820,711
69$2,932,880$1,334,278$1,038,236$1,924,624
70$3,200,035$1,367,660$1,041,019$2,037,265
71$3,493,433$1,401,669$1,042,887$2,159,492
72$3,815,717$1,436,305$1,043,777$2,292,249
73$4,169,802$1,471,565$1,043,626$2,436,578
74$4,558,897$1,507,448$1,042,362$2,593,628
75$4,986,539$1,543,947$1,039,916$2,764,665
76$5,456,623$1,581,058$1,036,210$2,951,082
77$5,973,442$1,618,773$1,031,167$3,154,418
78$6,541,724$1,657,083$1,024,702$3,376,366
79$7,166,679$1,695,980$1,016,728$3,618,795
80$7,854,047$1,735,449$1,007,155$3,883,763
81$8,610,152$1,775,478$995,887$4,173,538
82$9,441,961$1,816,051$982,824$4,490,624
83$10,357,153$1,857,150$967,860$4,837,775
84$11,364,187$1,898,754$950,887$5,218,031
85$12,472,381$1,940,840$931,790$5,634,743
86$13,692,007$1,983,384$910,447$6,091,602
87$15,034,378$2,026,357$886,734$6,592,679
88$16,511,964$2,069,727$860,519$7,142,459
89$18,138,502$2,113,462$831,664$7,745,890
90$19,929,130$2,157,522$800,026$8,408,421
91$21,900,528$2,201,867$765,453$9,136,062
92$24,071,076$2,246,452$727,789$9,935,436
93$26,461,024$2,291,228$686,869$10,813,844
94$29,092,691$2,336,140$642,521$11,779,334
95$31,990,666$2,381,131$594,566$12,840,776
96$35,182,046$2,426,138$542,816$14,007,948
97$38,696,689$2,471,093$487,075$15,291,629
98$42,567,496$2,515,923$427,137$16,703,697
99$46,830,725$2,560,546$362,790$18,257,248
100$51,526,324$2,604,879$293,809$19,966,714