Can I retire at age 56 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$75,230$74,559$73,906$73,268$72,644$70,039
2 years$37,242$36,549$35,877$35,225$34,593$31,996
3 years$24,582$23,885$23,214$22,569$21,947$19,441
4 years$18,252$17,558$16,894$16,260$15,653$13,256
5 years$14,456$13,766$13,111$12,489$11,899$9,618
6 years$11,926$11,241$10,595$9,987$9,415$7,251
7 years$10,119$9,440$8,805$8,211$7,657$5,610
8 years$8,765$8,092$7,467$6,888$6,352$4,421
9 years$7,712$7,045$6,431$5,867$5,350$3,531
10 years$6,870$6,210$5,607$5,058$4,558$2,849
11 years$6,182$5,529$4,936$4,402$3,920$2,317
12 years$5,609$4,962$4,381$3,861$3,397$1,896
13 years$5,125$4,484$3,914$3,409$2,962$1,559
14 years$4,710$4,076$3,517$3,026$2,597$1,287
15 years$4,350$3,724$3,175$2,698$2,286$1,066
16 years$4,036$3,416$2,879$2,416$2,021$885
17 years$3,759$3,146$2,620$2,171$1,792$737
18 years$3,513$2,907$2,391$1,956$1,593$614
19 years$3,294$2,694$2,189$1,768$1,420$513
20 years$3,096$2,504$2,009$1,601$1,268$429
21 years$2,918$2,332$1,848$1,453$1,135$359
22 years$2,756$2,177$1,703$1,321$1,017$300
23 years$2,608$2,036$1,573$1,203$913$252
24 years$2,473$1,908$1,454$1,097$821$211
25 years$2,349$1,790$1,347$1,002$739$177
26 years$2,234$1,683$1,249$916$665$149
27 years$2,128$1,584$1,160$839$600$125
28 years$2,030$1,492$1,078$768$541$105
29 years$1,939$1,408$1,004$705$489$88
30 years$1,854$1,329$935$647$442$74
31 years$1,775$1,257$872$594$399$62
32 years$1,701$1,189$813$546$361$52
33 years$1,631$1,126$759$502$327$44
34 years$1,566$1,067$709$462$296$37
35 years$1,505$1,012$663$425$268$31
36 years$1,447$961$620$392$243$26
37 years$1,392$913$581$361$220$22
38 years$1,341$867$544$333$200$18
39 years$1,292$825$509$307$181$15
40 years$1,245$785$478$283$164$13
41 years$1,202$747$448$261$149$11
42 years$1,160$711$420$241$135$9
43 years$1,120$678$394$222$123$8
44 years$1,082$646$370$205$111$7
45 years$1,046$616$347$190$101$5
46 years$1,012$588$326$175$92$5
47 years$979$561$307$162$83$4
48 years$948$535$288$149$76$3
49 years$918$511$271$138$69$3
50 years$889$488$255$128$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $911,000, adding $4,970 every year, while hoping to spend $22,558 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: 58/18/24 Blend
55$911,000$911,000$911,000$911,000
56$1,009,049$960,766$946,645$1,060,771
57$1,087,970$983,842$954,356$1,119,699
58$1,174,185$1,007,292$961,569$1,181,079
59$1,268,415$1,031,112$968,245$1,247,519
60$1,371,451$1,055,295$974,339$1,319,515
61$1,484,168$1,079,832$979,808$1,397,612
62$1,607,525$1,104,717$984,604$1,482,410
63$1,742,582$1,129,937$988,677$1,574,573
64$1,890,505$1,155,483$991,977$1,674,830
65$2,052,576$1,181,341$994,448$1,783,986
66$2,230,209$1,207,498$996,032$1,902,928
67$2,424,961$1,233,936$996,671$2,032,632
68$2,638,547$1,260,639$996,299$2,174,176
69$2,872,856$1,287,587$994,852$2,328,747
70$3,129,967$1,314,759$992,259$2,497,653
71$3,412,172$1,342,130$988,448$2,682,336
72$3,721,995$1,369,676$983,342$2,884,386
73$4,062,215$1,397,367$976,862$3,105,554
74$4,435,897$1,425,174$968,922$3,347,772
75$4,846,413$1,453,062$959,435$3,613,167
76$5,297,480$1,480,995$948,310$3,904,087
77$5,793,193$1,508,934$935,448$4,223,116
78$6,338,064$1,536,836$920,750$4,573,105
79$6,937,060$1,564,656$904,110$4,957,195
80$7,595,659$1,592,342$885,416$5,378,850
81$8,319,892$1,619,843$864,553$5,841,886
82$9,116,405$1,647,099$841,400$6,350,510
83$9,992,521$1,674,050$815,829$6,909,359
84$10,956,307$1,700,627$787,709$7,523,544
85$12,016,653$1,726,760$756,899$8,198,700
86$13,183,353$1,752,372$723,256$8,941,036
87$14,467,197$1,777,381$686,627$9,757,396
88$15,880,076$1,801,698$646,855$10,655,324
89$17,435,092$1,825,229$603,772$11,643,135
90$19,146,679$1,847,873$557,207$12,729,994
91$21,030,744$1,869,523$506,977$13,926,002
92$23,104,814$1,890,063$452,895$15,242,293
93$25,388,201$1,909,372$394,762$16,691,139
94$27,902,183$1,927,317$332,373$18,286,066
95$30,670,211$1,943,760$265,512$20,041,979
96$33,718,120$1,958,552$193,954$21,975,312
97$37,074,381$1,971,534$117,465$24,104,171
98$40,770,367$1,982,539$35,799$26,448,518
99$44,840,648$1,991,386$0$29,030,350
100$49,323,315$1,997,886$0$31,887,064