Can I retire at age 56 with 933,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.4%
1 years$77,046$76,360$75,690$75,037$74,399$71,873
2 years$38,142$37,431$36,743$36,075$35,428$32,909
3 years$25,175$24,462$23,775$23,114$22,477$20,044
4 years$18,693$17,982$17,302$16,652$16,031$13,702
5 years$14,805$14,098$13,427$12,791$12,186$9,967
6 years$12,214$11,512$10,851$10,229$9,643$7,536
7 years$10,364$9,668$9,017$8,410$7,842$5,847
8 years$8,977$8,287$7,647$7,055$6,506$4,621
9 years$7,898$7,215$6,587$6,009$5,479$3,702
10 years$7,036$6,360$5,742$5,180$4,668$2,996
11 years$6,332$5,662$5,056$4,508$4,015$2,444
12 years$5,745$5,082$4,487$3,954$3,479$2,007
13 years$5,248$4,593$4,009$3,491$3,034$1,656
14 years$4,823$4,175$3,602$3,099$2,659$1,372
15 years$4,455$3,814$3,252$2,764$2,342$1,140
16 years$4,134$3,499$2,948$2,474$2,070$950
17 years$3,850$3,222$2,683$2,223$1,835$794
18 years$3,598$2,978$2,449$2,004$1,632$664
19 years$3,373$2,760$2,242$1,810$1,454$557
20 years$3,171$2,564$2,058$1,640$1,299$467
21 years$2,988$2,389$1,893$1,488$1,162$392
22 years$2,822$2,230$1,744$1,353$1,042$330
23 years$2,671$2,085$1,611$1,232$935$278
24 years$2,533$1,954$1,490$1,124$841$234
25 years$2,405$1,834$1,380$1,026$756$197
26 years$2,288$1,723$1,279$938$681$166
27 years$2,180$1,622$1,188$859$614$140
28 years$2,079$1,528$1,105$787$554$118
29 years$1,986$1,442$1,028$722$501$99
30 years$1,899$1,362$957$662$452$84
31 years$1,818$1,287$893$608$409$71
32 years$1,742$1,218$833$559$370$60
33 years$1,671$1,153$778$514$335$50
34 years$1,604$1,093$727$473$303$43
35 years$1,541$1,037$679$435$275$36
36 years$1,482$984$635$401$249$30
37 years$1,426$935$595$370$225$26
38 years$1,373$888$557$341$204$22
39 years$1,323$845$522$314$185$18
40 years$1,276$804$489$290$168$15
41 years$1,231$765$459$267$153$13
42 years$1,188$728$430$247$138$11
43 years$1,147$694$404$228$126$9
44 years$1,109$662$379$210$114$8
45 years$1,072$631$356$194$103$7
46 years$1,037$602$334$179$94$6
47 years$1,003$574$314$166$85$5
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 $5,271 every year, while hoping to spend $38,401 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: 59/26/15 Blend
55$933,000$933,000$933,000$933,000
56$1,033,603$984,154$969,693$1,090,349
57$1,098,172$991,519$961,319$1,136,650
58$1,168,040$997,958$951,378$1,182,392
59$1,243,707$1,003,385$939,776$1,231,374
60$1,325,723$1,007,709$926,416$1,283,914
61$1,414,692$1,010,832$911,196$1,340,362
62$1,511,279$1,012,650$894,009$1,401,106
63$1,616,214$1,013,055$874,743$1,466,574
64$1,730,303$1,011,930$853,282$1,537,239
65$1,854,430$1,009,150$829,503$1,613,624
66$1,989,568$1,004,585$803,278$1,696,306
67$2,136,789$998,094$774,472$1,785,923
68$2,297,271$989,531$742,947$1,883,179
69$2,472,312$978,737$708,555$1,988,853
70$2,663,340$965,548$671,144$2,103,804
71$2,871,927$949,785$630,553$2,228,982
72$3,099,802$931,264$586,616$2,365,434
73$3,348,872$909,786$539,157$2,514,318
74$3,621,233$885,141$487,995$2,676,914
75$3,919,194$857,108$432,938$2,854,631
76$4,245,297$825,453$373,787$3,049,029
77$4,602,344$789,926$310,335$3,261,828
78$4,993,415$750,265$242,364$3,494,927
79$5,421,908$706,192$169,647$3,750,423
80$5,891,560$657,413$91,948$4,030,631
81$6,406,491$603,618$9,020$4,338,105
82$6,971,235$544,477$0$4,675,665
83$7,590,788$479,643$0$5,059,143
84$8,270,653$408,751$0$5,481,620
85$9,016,891$331,411$0$5,945,486
86$9,836,178$247,214$0$6,454,970
87$10,735,868$155,728$0$7,014,735
88$11,724,064$56,496$0$7,629,924
89$12,809,689$0$0$8,306,207
90$14,002,576$0$0$9,064,420
91$15,313,556$0$0$9,915,540
92$16,754,562$0$0$10,851,161
93$18,338,739$0$0$11,879,828
94$20,080,571$0$0$13,010,957
95$21,996,016$0$0$14,254,923
96$24,102,653$0$0$15,623,153
97$26,419,854$0$0$17,128,242
98$28,968,959$0$0$18,784,062
99$31,773,482$0$0$20,605,901
100$34,859,333$0$0$22,610,603