Can I retire at age 56 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$75,890$75,214$74,555$73,911$73,282$70,880
2 years$37,569$36,870$36,192$35,534$34,896$32,499
3 years$24,797$24,095$23,418$22,767$22,140$19,822
4 years$18,413$17,712$17,043$16,402$15,790$13,571
5 years$14,583$13,887$13,226$12,599$12,003$9,888
6 years$12,031$11,339$10,688$10,075$9,498$7,488
7 years$10,208$9,523$8,882$8,283$7,724$5,820
8 years$8,842$8,163$7,533$6,949$6,408$4,608
9 years$7,780$7,107$6,488$5,919$5,397$3,698
10 years$6,931$6,265$5,656$5,102$4,598$2,999
11 years$6,236$5,577$4,980$4,440$3,955$2,451
12 years$5,658$5,006$4,419$3,895$3,427$2,017
13 years$5,170$4,524$3,948$3,438$2,988$1,667
14 years$4,751$4,112$3,548$3,052$2,620$1,384
15 years$4,388$3,756$3,203$2,722$2,306$1,153
16 years$4,072$3,446$2,904$2,437$2,038$963
17 years$3,792$3,174$2,643$2,190$1,807$806
18 years$3,544$2,933$2,412$1,974$1,607$676
19 years$3,323$2,718$2,208$1,783$1,432$568
20 years$3,123$2,526$2,027$1,615$1,279$478
21 years$2,943$2,353$1,864$1,466$1,145$402
22 years$2,780$2,196$1,718$1,333$1,026$339
23 years$2,631$2,054$1,586$1,214$921$286
24 years$2,495$1,924$1,467$1,107$828$241
25 years$2,369$1,806$1,359$1,011$745$204
26 years$2,254$1,697$1,260$924$671$172
27 years$2,147$1,597$1,170$846$605$145
28 years$2,048$1,505$1,088$775$546$123
29 years$1,956$1,420$1,012$711$493$104
30 years$1,871$1,341$943$652$446$88
31 years$1,791$1,268$879$599$403$74
32 years$1,716$1,200$820$551$364$63
33 years$1,646$1,136$766$506$330$53
34 years$1,580$1,077$716$466$299$45
35 years$1,518$1,021$669$429$270$38
36 years$1,460$969$626$395$245$32
37 years$1,404$921$586$364$222$27
38 years$1,352$875$549$335$201$23
39 years$1,303$832$514$309$183$20
40 years$1,256$792$482$285$166$17
41 years$1,212$753$452$263$150$14
42 years$1,170$718$424$243$136$12
43 years$1,130$684$398$224$124$10
44 years$1,092$652$373$207$112$9
45 years$1,056$621$350$191$102$7
46 years$1,021$593$329$177$93$6
47 years$988$566$309$163$84$5
48 years$956$540$291$151$76$4
49 years$926$516$273$139$69$4
50 years$897$493$257$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $919,000, adding $4,094 every year, while hoping to spend $23,918 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: 40/35/25 Blend
55$919,000$919,000$919,000$919,000
56$1,016,961$968,254$954,009$1,049,983
57$1,095,242$990,250$960,520$1,096,215
58$1,180,707$1,012,522$966,447$1,143,650
59$1,274,062$1,035,058$971,746$1,194,499
60$1,376,086$1,057,846$976,370$1,249,089
61$1,487,637$1,080,871$980,268$1,307,780
62$1,609,659$1,104,116$983,390$1,370,968
63$1,743,191$1,127,565$985,680$1,439,092
64$1,889,377$1,151,196$987,082$1,512,634
65$2,049,479$1,174,990$987,534$1,592,125
66$2,224,883$1,198,922$986,974$1,678,153
67$2,417,119$1,222,967$985,335$1,771,366
68$2,627,870$1,247,097$982,549$1,872,477
69$2,858,990$1,271,282$978,542$1,982,274
70$3,112,521$1,295,489$973,237$2,101,624
71$3,390,713$1,319,683$966,555$2,231,487
72$3,696,043$1,343,824$958,411$2,372,918
73$4,031,240$1,367,872$948,719$2,527,082
74$4,399,310$1,391,782$937,385$2,695,265
75$4,803,565$1,415,505$924,313$2,878,883
76$5,247,653$1,438,989$909,402$3,079,500
77$5,735,594$1,462,179$892,546$3,298,839
78$6,271,813$1,485,015$873,636$3,538,802
79$6,861,190$1,507,432$852,554$3,801,484
80$7,509,097$1,529,362$829,180$4,089,199
81$8,221,454$1,550,730$803,387$4,404,496
82$9,004,785$1,571,458$775,043$4,750,187
83$9,866,274$1,591,461$744,008$5,129,372
84$10,813,840$1,610,649$710,139$5,545,472
85$11,856,206$1,628,925$673,282$6,002,257
86$13,002,983$1,646,186$633,281$6,503,885
87$14,264,760$1,662,322$589,969$7,054,941
88$15,653,206$1,677,216$543,174$7,660,480
89$17,181,177$1,690,744$492,714$8,326,078
90$18,862,839$1,702,772$438,401$9,057,881
91$20,713,799$1,713,158$380,038$9,862,666
92$22,751,256$1,721,752$317,419$10,747,905
93$24,994,160$1,728,394$250,328$11,721,839
94$27,463,392$1,732,913$178,542$12,793,550
95$30,181,960$1,735,128$101,825$13,973,054
96$33,175,217$1,734,846$19,933$15,271,392
97$36,471,099$1,731,864$0$16,700,739
98$40,100,390$1,725,963$0$18,292,508
99$44,097,009$1,716,915$0$20,050,347
100$48,498,334$1,704,474$0$21,985,317