Can I retire at age 56 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$77,046$76,360$75,690$75,037$74,399$71,788
2 years$38,142$37,431$36,743$36,075$35,428$32,825
3 years$25,175$24,462$23,775$23,114$22,477$19,963
4 years$18,693$17,982$17,302$16,652$16,031$13,626
5 years$14,805$14,098$13,427$12,791$12,186$9,897
6 years$12,214$11,512$10,851$10,229$9,643$7,470
7 years$10,364$9,668$9,017$8,410$7,842$5,786
8 years$8,977$8,287$7,647$7,055$6,506$4,565
9 years$7,898$7,215$6,587$6,009$5,479$3,650
10 years$7,036$6,360$5,742$5,180$4,668$2,949
11 years$6,332$5,662$5,056$4,508$4,015$2,401
12 years$5,745$5,082$4,487$3,954$3,479$1,967
13 years$5,248$4,593$4,009$3,491$3,034$1,620
14 years$4,823$4,175$3,602$3,099$2,659$1,339
15 years$4,455$3,814$3,252$2,764$2,342$1,111
16 years$4,134$3,499$2,948$2,474$2,070$924
17 years$3,850$3,222$2,683$2,223$1,835$770
18 years$3,598$2,978$2,449$2,004$1,632$643
19 years$3,373$2,760$2,242$1,810$1,454$537
20 years$3,171$2,564$2,058$1,640$1,299$450
21 years$2,988$2,389$1,893$1,488$1,162$377
22 years$2,822$2,230$1,744$1,353$1,042$316
23 years$2,671$2,085$1,611$1,232$935$265
24 years$2,533$1,954$1,490$1,124$841$223
25 years$2,405$1,834$1,380$1,026$756$187
26 years$2,288$1,723$1,279$938$681$157
27 years$2,180$1,622$1,188$859$614$132
28 years$2,079$1,528$1,105$787$554$111
29 years$1,986$1,442$1,028$722$501$94
30 years$1,899$1,362$957$662$452$79
31 years$1,818$1,287$893$608$409$66
32 years$1,742$1,218$833$559$370$56
33 years$1,671$1,153$778$514$335$47
34 years$1,604$1,093$727$473$303$40
35 years$1,541$1,037$679$435$275$33
36 years$1,482$984$635$401$249$28
37 years$1,426$935$595$370$225$24
38 years$1,373$888$557$341$204$20
39 years$1,323$845$522$314$185$17
40 years$1,276$804$489$290$168$14
41 years$1,231$765$459$267$153$12
42 years$1,188$728$430$247$138$10
43 years$1,147$694$404$228$126$8
44 years$1,109$662$379$210$114$7
45 years$1,072$631$356$194$103$6
46 years$1,037$602$334$179$94$5
47 years$1,003$574$314$166$85$4
48 years$971$548$295$153$77$4
49 years$940$524$277$141$70$3
50 years$911$500$261$131$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $933,000, adding $2,136 every year, while hoping to spend $32,186 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: 63/10/27 Blend
55$933,000$933,000$933,000$933,000
56$1,030,369$980,920$966,459$1,087,756
57$1,101,221$994,740$964,589$1,140,724
58$1,178,221$1,008,158$961,579$1,194,834
59$1,261,963$1,021,120$957,355$1,253,240
60$1,353,098$1,033,570$951,841$1,316,369
61$1,452,346$1,045,446$944,959$1,384,691
62$1,560,495$1,056,683$936,625$1,458,723
63$1,678,415$1,067,211$926,752$1,539,039
64$1,807,065$1,076,955$915,249$1,626,269
65$1,947,496$1,085,837$902,021$1,721,110
66$2,100,869$1,093,771$886,967$1,824,330
67$2,268,459$1,100,668$869,982$1,936,777
68$2,451,673$1,106,431$850,958$2,059,386
69$2,652,058$1,110,960$829,779$2,193,189
70$2,871,316$1,114,146$806,325$2,339,323
71$3,111,325$1,115,873$780,471$2,499,044
72$3,374,149$1,116,020$752,086$2,673,737
73$3,662,063$1,114,456$721,032$2,864,930
74$3,977,573$1,111,044$687,166$3,074,306
75$4,323,437$1,105,637$650,337$3,303,725
76$4,702,694$1,098,080$610,390$3,555,235
77$5,118,691$1,088,207$567,160$3,831,099
78$5,575,114$1,075,846$520,476$4,133,808
79$6,076,022$1,060,809$470,159$4,466,112
80$6,625,889$1,042,901$416,022$4,831,045
81$7,229,641$1,021,915$357,870$5,231,949
82$7,892,705$997,629$295,499$5,672,514
83$8,621,059$969,811$228,697$6,156,805
84$9,421,289$938,214$157,240$6,689,308
85$10,300,651$902,576$80,898$7,274,966
86$11,267,136$862,622$0$7,919,235
87$12,329,552$818,058$0$8,628,289
88$13,497,598$768,575$0$9,433,477
89$14,781,964$713,846$0$10,318,853
90$16,194,425$653,525$0$11,292,556
91$17,747,955$587,246$0$12,363,555
92$19,456,849$514,624$0$13,541,731
93$21,336,856$435,248$0$14,837,977
94$23,405,328$348,689$0$16,264,293
95$25,681,387$254,490$0$17,833,905
96$28,186,098$152,169$0$19,561,388
97$30,942,674$41,219$0$21,462,804
98$33,976,690$0$0$23,555,851
99$37,316,329$0$0$25,868,717
100$40,992,643$0$0$28,419,821