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%15.4%
1 years$77,046$76,360$75,690$75,037$74,399$72,748
2 years$38,142$37,431$36,743$36,075$35,428$33,773
3 years$25,175$24,462$23,775$23,114$22,477$20,870
4 years$18,693$17,982$17,302$16,652$16,031$14,484
5 years$14,805$14,098$13,427$12,791$12,186$10,705
6 years$12,214$11,512$10,851$10,229$9,643$8,227
7 years$10,364$9,668$9,017$8,410$7,842$6,493
8 years$8,977$8,287$7,647$7,055$6,506$5,222
9 years$7,898$7,215$6,587$6,009$5,479$4,261
10 years$7,036$6,360$5,742$5,180$4,668$3,514
11 years$6,332$5,662$5,056$4,508$4,015$2,922
12 years$5,745$5,082$4,487$3,954$3,479$2,447
13 years$5,248$4,593$4,009$3,491$3,034$2,061
14 years$4,823$4,175$3,602$3,099$2,659$1,743
15 years$4,455$3,814$3,252$2,764$2,342$1,480
16 years$4,134$3,499$2,948$2,474$2,070$1,260
17 years$3,850$3,222$2,683$2,223$1,835$1,076
18 years$3,598$2,978$2,449$2,004$1,632$920
19 years$3,373$2,760$2,242$1,810$1,454$789
20 years$3,171$2,564$2,058$1,640$1,299$677
21 years$2,988$2,389$1,893$1,488$1,162$582
22 years$2,822$2,230$1,744$1,353$1,042$501
23 years$2,671$2,085$1,611$1,232$935$432
24 years$2,533$1,954$1,490$1,124$841$372
25 years$2,405$1,834$1,380$1,026$756$321
26 years$2,288$1,723$1,279$938$681$277
27 years$2,180$1,622$1,188$859$614$239
28 years$2,079$1,528$1,105$787$554$207
29 years$1,986$1,442$1,028$722$501$179
30 years$1,899$1,362$957$662$452$155
31 years$1,818$1,287$893$608$409$134
32 years$1,742$1,218$833$559$370$116
33 years$1,671$1,153$778$514$335$100
34 years$1,604$1,093$727$473$303$87
35 years$1,541$1,037$679$435$275$75
36 years$1,482$984$635$401$249$65
37 years$1,426$935$595$370$225$56
38 years$1,373$888$557$341$204$49
39 years$1,323$845$522$314$185$42
40 years$1,276$804$489$290$168$37
41 years$1,231$765$459$267$153$32
42 years$1,188$728$430$247$138$27
43 years$1,147$694$404$228$126$24
44 years$1,109$662$379$210$114$21
45 years$1,072$631$356$194$103$18
46 years$1,037$602$334$179$94$15
47 years$1,003$574$314$166$85$13
48 years$971$548$295$153$77$12
49 years$940$524$277$141$70$10
50 years$911$500$261$131$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $933,000, adding $4,016 every year, while hoping to spend $34,780 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: 39/48/13 Blend
55$933,000$933,000$933,000$933,000
56$1,032,309$982,860$968,398$1,068,384
57$1,100,598$994,014$963,834$1,105,521
58$1,174,688$1,004,549$957,951$1,141,956
59$1,255,132$1,014,399$950,668$1,180,592
60$1,342,542$1,023,490$941,902$1,221,642
61$1,437,588$1,031,748$931,562$1,265,346
62$1,541,009$1,039,090$919,557$1,311,968
63$1,653,618$1,045,432$905,787$1,361,800
64$1,776,308$1,050,679$890,153$1,415,167
65$1,910,065$1,054,736$872,547$1,472,428
66$2,055,971$1,057,498$852,856$1,533,982
67$2,215,219$1,058,854$830,966$1,600,269
68$2,389,120$1,058,686$806,752$1,671,778
69$2,579,120$1,056,871$780,087$1,749,051
70$2,786,808$1,053,276$750,838$1,832,686
71$3,013,936$1,047,760$718,865$1,923,346
72$3,262,432$1,040,174$684,021$2,021,765
73$3,534,417$1,030,361$646,154$2,128,755
74$3,832,231$1,018,152$605,103$2,245,217
75$4,158,447$1,003,370$560,702$2,372,143
76$4,515,900$985,826$512,777$2,510,634
77$4,907,712$965,321$461,145$2,661,907
78$5,337,320$941,644$405,615$2,827,309
79$5,808,514$914,571$345,990$3,008,327
80$6,325,462$883,866$282,061$3,206,607
81$6,892,761$849,276$213,612$3,423,968
82$7,515,470$810,539$140,415$3,662,423
83$8,199,165$767,371$62,236$3,924,193
84$8,949,985$719,478$0$4,211,736
85$9,774,696$666,545$0$4,530,706
86$10,680,750$608,241$0$4,890,567
87$11,676,356$544,214$0$5,286,028
88$12,770,557$474,094$0$5,720,790
89$13,973,319$397,489$0$6,198,938
90$15,295,618$313,986$0$6,724,980
91$16,749,547$223,148$0$7,303,895
92$18,348,431$124,512$0$7,941,175
93$20,106,949$17,592$0$8,642,884
94$22,041,277$0$0$9,415,715
95$24,169,233$0$0$10,318,882
96$26,510,453$0$0$11,322,931
97$29,086,570$0$0$12,427,867
98$31,921,421$0$0$13,643,931
99$35,041,269$0$0$14,982,409
100$38,475,053$0$0$16,455,735