Can I retire at age 56 with 910,000?

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 $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%16.7%
1 years$75,147$74,478$73,825$73,187$72,565$70,581
2 years$37,201$36,509$35,837$35,186$34,555$32,571
3 years$24,555$23,859$23,189$22,544$21,923$20,001
4 years$18,232$17,539$16,876$16,242$15,636$13,790
5 years$14,440$13,751$13,096$12,475$11,886$10,122
6 years$11,913$11,228$10,584$9,977$9,405$7,724
7 years$10,108$9,430$8,795$8,202$7,649$6,052
8 years$8,755$8,083$7,459$6,881$6,345$4,831
9 years$7,704$7,038$6,424$5,861$5,344$3,910
10 years$6,863$6,203$5,601$5,052$4,553$3,199
11 years$6,175$5,522$4,931$4,397$3,916$2,638
12 years$5,603$4,957$4,376$3,857$3,393$2,191
13 years$5,119$4,479$3,910$3,405$2,959$1,829
14 years$4,704$4,072$3,513$3,022$2,594$1,533
15 years$4,345$3,719$3,172$2,695$2,284$1,290
16 years$4,032$3,413$2,876$2,413$2,019$1,088
17 years$3,755$3,143$2,617$2,168$1,790$920
18 years$3,510$2,904$2,389$1,954$1,591$780
19 years$3,290$2,692$2,187$1,766$1,418$662
20 years$3,093$2,501$2,007$1,599$1,267$563
21 years$2,915$2,330$1,846$1,451$1,134$479
22 years$2,753$2,175$1,701$1,320$1,016$408
23 years$2,605$2,034$1,571$1,202$912$348
24 years$2,470$1,906$1,453$1,096$820$297
25 years$2,346$1,788$1,346$1,001$738$253
26 years$2,232$1,681$1,248$915$665$217
27 years$2,126$1,582$1,159$838$599$185
28 years$2,028$1,491$1,077$768$541$158
29 years$1,937$1,406$1,003$704$488$135
30 years$1,852$1,328$934$646$441$116
31 years$1,773$1,255$871$593$399$99
32 years$1,699$1,188$812$545$361$85
33 years$1,630$1,125$758$501$326$73
34 years$1,564$1,066$709$461$296$62
35 years$1,503$1,011$662$425$268$53
36 years$1,445$960$620$391$243$46
37 years$1,391$912$580$360$220$39
38 years$1,339$866$543$332$199$33
39 years$1,290$824$509$306$181$29
40 years$1,244$784$477$283$164$25
41 years$1,200$746$447$261$149$21
42 years$1,159$711$420$241$135$18
43 years$1,119$677$394$222$122$15
44 years$1,081$645$370$205$111$13
45 years$1,045$615$347$189$101$11
46 years$1,011$587$326$175$92$10
47 years$978$560$306$162$83$8
48 years$947$535$288$149$76$7
49 years$917$511$270$138$69$6
50 years$888$488$254$128$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $910,000, adding $4,492 every year, while hoping to spend $22,958 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: 61/11/28 Blend
55$910,000$910,000$910,000$910,000
56$1,007,453$959,223$945,118$1,061,057
57$1,085,787$981,798$952,353$1,120,650
58$1,171,340$1,004,710$959,060$1,182,805
59$1,264,827$1,027,950$965,198$1,250,167
60$1,367,030$1,051,511$970,723$1,323,251
61$1,478,814$1,075,382$975,589$1,402,621
62$1,601,128$1,099,551$979,747$1,488,903
63$1,735,020$1,124,006$983,145$1,582,782
64$1,881,642$1,148,732$985,731$1,685,017
65$2,042,264$1,173,714$987,447$1,796,443
66$2,218,283$1,198,934$988,234$1,917,980
67$2,411,238$1,224,372$988,031$2,050,644
68$2,622,826$1,250,008$986,772$2,195,552
69$2,854,914$1,275,818$984,388$2,353,937
70$3,109,558$1,301,776$980,807$2,527,159
71$3,389,024$1,327,854$975,956$2,716,716
72$3,695,808$1,354,022$969,754$2,924,258
73$4,032,658$1,380,248$962,119$3,151,607
74$4,402,604$1,406,494$952,964$3,400,769
75$4,808,980$1,432,723$942,199$3,673,955
76$5,255,462$1,458,892$929,729$3,973,603
77$5,746,098$1,484,957$915,454$4,302,402
78$6,285,348$1,510,868$899,269$4,663,314
79$6,878,126$1,536,573$881,067$5,059,603
80$7,529,845$1,562,015$860,733$5,494,870
81$8,246,469$1,587,134$838,147$5,973,083
82$9,034,569$1,611,863$813,185$6,498,614
83$9,901,384$1,636,134$785,716$7,076,285
84$10,854,891$1,659,870$755,604$7,711,409
85$11,903,879$1,682,992$722,705$8,409,844
86$13,058,029$1,705,413$686,870$9,178,045
87$14,328,011$1,727,042$647,943$10,023,129
88$15,725,580$1,747,779$605,761$10,952,939
89$17,263,689$1,767,520$560,154$11,976,122
90$18,956,609$1,786,152$510,943$13,102,206
91$20,820,065$1,803,556$457,942$14,341,694
92$22,871,386$1,819,604$400,957$15,706,164
93$25,129,663$1,834,160$339,784$17,208,376
94$27,615,934$1,847,079$274,213$18,862,394
95$30,353,380$1,858,207$204,020$20,683,719
96$33,367,546$1,867,381$128,976$22,689,436
97$36,686,578$1,874,424$48,838$24,898,376
98$40,341,490$1,879,152$0$27,331,295
99$44,366,459$1,881,368$0$30,022,026
100$48,799,144$1,880,861$0$33,001,106