Can I retire at age 56 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$75,147$74,478$73,825$73,187$72,565$71,421
2 years$37,201$36,509$35,837$35,186$34,555$33,406
3 years$24,555$23,859$23,189$22,544$21,923$20,804
4 years$18,232$17,539$16,876$16,242$15,636$14,556
5 years$14,440$13,751$13,096$12,475$11,886$10,848
6 years$11,913$11,228$10,584$9,977$9,405$8,410
7 years$10,108$9,430$8,795$8,202$7,649$6,697
8 years$8,755$8,083$7,459$6,881$6,345$5,437
9 years$7,704$7,038$6,424$5,861$5,344$4,478
10 years$6,863$6,203$5,601$5,052$4,553$3,730
11 years$6,175$5,522$4,931$4,397$3,916$3,134
12 years$5,603$4,957$4,376$3,857$3,393$2,651
13 years$5,119$4,479$3,910$3,405$2,959$2,256
14 years$4,704$4,072$3,513$3,022$2,594$1,929
15 years$4,345$3,719$3,172$2,695$2,284$1,656
16 years$4,032$3,413$2,876$2,413$2,019$1,426
17 years$3,755$3,143$2,617$2,168$1,790$1,231
18 years$3,510$2,904$2,389$1,954$1,591$1,066
19 years$3,290$2,692$2,187$1,766$1,418$925
20 years$3,093$2,501$2,007$1,599$1,267$803
21 years$2,915$2,330$1,846$1,451$1,134$699
22 years$2,753$2,175$1,701$1,320$1,016$609
23 years$2,605$2,034$1,571$1,202$912$531
24 years$2,470$1,906$1,453$1,096$820$464
25 years$2,346$1,788$1,346$1,001$738$405
26 years$2,232$1,681$1,248$915$665$354
27 years$2,126$1,582$1,159$838$599$310
28 years$2,028$1,491$1,077$768$541$271
29 years$1,937$1,406$1,003$704$488$238
30 years$1,852$1,328$934$646$441$208
31 years$1,773$1,255$871$593$399$183
32 years$1,699$1,188$812$545$361$160
33 years$1,630$1,125$758$501$326$140
34 years$1,564$1,066$709$461$296$123
35 years$1,503$1,011$662$425$268$108
36 years$1,445$960$620$391$243$95
37 years$1,391$912$580$360$220$83
38 years$1,339$866$543$332$199$73
39 years$1,290$824$509$306$181$64
40 years$1,244$784$477$283$164$56
41 years$1,200$746$447$261$149$49
42 years$1,159$711$420$241$135$43
43 years$1,119$677$394$222$122$38
44 years$1,081$645$370$205$111$33
45 years$1,045$615$347$189$101$29
46 years$1,011$587$326$175$92$26
47 years$978$560$306$162$83$23
48 years$947$535$288$149$76$20
49 years$917$511$270$138$69$18
50 years$888$488$254$128$62$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $910,000, adding $4,419 every year, while hoping to spend $37,959 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: 46/37/17 Blend
55$910,000$910,000$910,000$910,000
56$1,007,378$959,148$945,043$1,048,651
57$1,069,743$965,758$936,314$1,084,477
58$1,137,196$971,420$926,020$1,119,149
59$1,210,218$976,047$914,069$1,155,954
60$1,289,333$979,547$900,364$1,195,106
61$1,375,123$981,823$884,804$1,236,842
62$1,468,223$982,769$867,282$1,281,427
63$1,569,333$982,276$847,688$1,329,153
64$1,679,224$980,227$825,905$1,380,345
65$1,798,744$976,497$801,811$1,435,363
66$1,928,823$970,953$775,279$1,494,605
67$2,070,489$963,456$746,177$1,558,515
68$2,224,871$953,857$714,366$1,627,581
69$2,393,209$941,997$679,699$1,702,348
70$2,576,873$927,711$642,025$1,783,418
71$2,777,366$910,821$601,185$1,871,455
72$2,996,345$891,139$557,012$1,967,199
73$3,235,635$868,467$509,334$2,071,467
74$3,497,242$842,595$457,970$2,185,162
75$3,783,378$813,299$402,729$2,309,286
76$4,096,476$780,344$343,414$2,444,947
77$4,439,217$743,482$279,819$2,593,371
78$4,814,552$702,447$211,727$2,755,913
79$5,225,730$656,962$138,915$2,934,073
80$5,676,332$606,730$61,146$3,129,511
81$6,170,300$551,441$0$3,344,059
82$6,711,973$490,765$0$3,583,710
83$7,306,135$424,353$0$3,858,837
84$7,958,052$351,838$0$4,160,862
85$8,673,526$272,830$0$4,492,576
86$9,458,945$186,919$0$4,857,058
87$10,321,351$93,670$0$5,257,708
88$11,268,496$0$0$5,698,278
89$12,308,922$0$0$6,185,912
90$13,452,039$0$0$6,763,689
91$14,708,214$0$0$7,398,724
92$16,088,867$0$0$8,096,804
93$17,606,580$0$0$8,864,305
94$19,275,213$0$0$9,708,253
95$21,110,040$0$0$10,636,387
96$23,127,884$0$0$11,657,234
97$25,347,284$0$0$12,780,190
98$27,788,664$0$0$14,015,605
99$30,474,528$0$0$15,374,886
100$33,429,669$0$0$16,870,598