Can I retire at age 56 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$76,551$75,869$75,204$74,554$73,920$73,209
2 years$37,896$37,191$36,507$35,843$35,200$34,484
3 years$25,013$24,304$23,622$22,965$22,332$21,633
4 years$18,573$17,866$17,191$16,545$15,928$15,251
5 years$14,710$14,007$13,341$12,708$12,108$11,455
6 years$12,135$11,438$10,781$10,163$9,581$8,953
7 years$10,297$9,606$8,959$8,355$7,792$7,190
8 years$8,919$8,234$7,598$7,009$6,464$5,887
9 years$7,848$7,169$6,544$5,970$5,444$4,892
10 years$6,991$6,319$5,706$5,146$4,638$4,112
11 years$6,291$5,626$5,023$4,479$3,989$3,487
12 years$5,708$5,049$4,458$3,929$3,457$2,979
13 years$5,215$4,563$3,983$3,468$3,014$2,560
14 years$4,792$4,148$3,579$3,079$2,642$2,211
15 years$4,427$3,789$3,231$2,746$2,327$1,917
16 years$4,107$3,476$2,929$2,459$2,056$1,668
17 years$3,825$3,202$2,666$2,209$1,823$1,456
18 years$3,575$2,958$2,433$1,991$1,621$1,274
19 years$3,352$2,742$2,228$1,799$1,445$1,117
20 years$3,151$2,548$2,044$1,629$1,291$981
21 years$2,969$2,373$1,880$1,479$1,155$864
22 years$2,804$2,215$1,733$1,344$1,035$761
23 years$2,654$2,072$1,600$1,224$929$671
24 years$2,516$1,941$1,480$1,117$835$593
25 years$2,390$1,822$1,371$1,020$752$524
26 years$2,273$1,712$1,271$932$677$464
27 years$2,166$1,611$1,180$854$610$411
28 years$2,066$1,518$1,097$782$551$364
29 years$1,973$1,432$1,021$717$497$323
30 years$1,887$1,353$951$658$449$286
31 years$1,806$1,279$887$604$406$254
32 years$1,731$1,210$827$555$368$225
33 years$1,660$1,146$773$511$333$200
34 years$1,594$1,086$722$470$301$178
35 years$1,531$1,030$675$433$273$158
36 years$1,472$978$631$398$247$140
37 years$1,417$929$591$367$224$125
38 years$1,364$883$553$338$203$111
39 years$1,314$839$518$312$184$99
40 years$1,267$798$486$288$167$88
41 years$1,223$760$456$266$152$78
42 years$1,180$724$427$245$137$69
43 years$1,140$690$401$226$125$62
44 years$1,101$657$376$209$113$55
45 years$1,065$627$353$193$103$49
46 years$1,030$598$332$178$93$44
47 years$997$571$312$165$85$39
48 years$965$545$293$152$77$35
49 years$934$520$276$141$70$31
50 years$905$497$259$130$64$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $927,000, adding $5,132 every year, while hoping to spend $32,120 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: 37/40/23 Blend
55$927,000$927,000$927,000$927,000
56$1,026,848$977,717$963,348$1,057,585
57$1,097,411$991,449$961,445$1,094,234
58$1,174,095$1,004,778$958,401$1,130,440
59$1,257,490$1,017,650$954,145$1,168,905
60$1,348,246$1,030,007$948,601$1,209,852
61$1,447,078$1,041,788$941,690$1,253,527
62$1,554,772$1,052,928$933,329$1,300,204
63$1,672,193$1,063,356$923,430$1,350,186
64$1,800,295$1,072,999$911,903$1,403,809
65$1,940,126$1,081,776$898,653$1,461,444
66$2,092,840$1,089,604$883,579$1,523,502
67$2,259,707$1,096,393$866,576$1,590,440
68$2,442,127$1,102,046$847,536$1,662,762
69$2,641,640$1,106,462$826,345$1,741,025
70$2,859,941$1,109,532$802,881$1,825,848
71$3,098,897$1,111,142$777,020$1,917,913
72$3,360,566$1,111,169$748,631$2,017,976
73$3,647,210$1,109,482$717,577$2,126,875
74$3,961,324$1,105,945$683,714$2,245,533
75$4,305,653$1,100,411$646,893$2,374,974
76$4,683,223$1,092,724$606,957$2,516,328
77$5,097,364$1,082,720$563,742$2,670,846
78$5,551,746$1,070,224$517,078$2,839,911
79$6,050,410$1,055,051$466,786$3,025,049
80$6,597,808$1,037,005$412,680$3,227,950
81$7,198,843$1,015,877$354,564$3,450,479
82$7,858,919$991,448$292,234$3,694,699
83$8,583,984$963,485$225,480$3,962,888
84$9,380,594$931,740$154,078$4,257,562
85$10,255,972$895,952$77,797$4,581,502
86$11,218,073$855,846$0$4,937,777
87$12,275,662$811,128$0$5,330,666
88$13,438,396$761,489$0$5,783,459
89$14,716,912$706,602$0$6,281,245
90$16,122,933$646,122$0$6,828,657
91$17,669,373$579,682$0$7,430,807
92$19,370,459$506,896$0$8,093,333
93$21,241,868$427,357$0$8,822,457
94$23,300,874$340,632$0$9,625,038
95$25,566,506$246,266$0$10,508,646
96$28,059,735$143,778$0$11,481,627
97$30,803,664$32,660$0$12,553,188
98$33,823,752$0$0$13,733,485
99$37,148,050$0$0$15,072,284
100$40,807,466$0$0$16,562,029