Can I retire at age 56 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$77,294$76,606$75,934$75,278$74,638$73,341
2 years$38,264$37,552$36,861$36,191$35,542$34,240
3 years$25,256$24,540$23,852$23,188$22,549$21,282
4 years$18,753$18,040$17,358$16,706$16,082$14,860
5 years$14,853$14,143$13,470$12,832$12,226$11,051
6 years$12,253$11,549$10,886$10,262$9,674$8,549
7 years$10,397$9,699$9,046$8,437$7,867$6,793
8 years$9,006$8,314$7,672$7,077$6,527$5,502
9 years$7,924$7,239$6,608$6,028$5,496$4,521
10 years$7,059$6,381$5,761$5,196$4,683$3,756
11 years$6,352$5,680$5,072$4,522$4,028$3,148
12 years$5,763$5,098$4,501$3,967$3,490$2,657
13 years$5,265$4,607$4,021$3,502$3,044$2,255
14 years$4,839$4,188$3,613$3,109$2,668$1,923
15 years$4,470$3,826$3,262$2,772$2,349$1,646
16 years$4,147$3,510$2,958$2,482$2,076$1,413
17 years$3,862$3,233$2,691$2,230$1,841$1,217
18 years$3,610$2,987$2,457$2,010$1,637$1,050
19 years$3,384$2,768$2,249$1,816$1,459$908
20 years$3,181$2,573$2,064$1,645$1,303$787
21 years$2,998$2,396$1,899$1,493$1,166$683
22 years$2,831$2,237$1,750$1,357$1,045$593
23 years$2,680$2,092$1,616$1,236$938$516
24 years$2,541$1,960$1,494$1,128$843$449
25 years$2,413$1,839$1,384$1,030$759$391
26 years$2,296$1,729$1,284$942$684$341
27 years$2,187$1,627$1,192$862$616$297
28 years$2,086$1,533$1,108$790$556$259
29 years$1,993$1,446$1,031$724$502$226
30 years$1,905$1,366$960$665$454$198
31 years$1,824$1,291$895$610$410$173
32 years$1,748$1,222$835$561$371$151
33 years$1,676$1,157$780$516$336$132
34 years$1,609$1,097$729$475$304$115
35 years$1,546$1,040$681$437$275$101
36 years$1,487$987$637$402$250$88
37 years$1,430$938$597$371$226$77
38 years$1,377$891$559$342$205$67
39 years$1,327$847$523$315$186$59
40 years$1,280$806$491$291$169$52
41 years$1,235$767$460$268$153$45
42 years$1,192$731$432$247$139$40
43 years$1,151$696$405$228$126$35
44 years$1,112$664$380$211$114$30
45 years$1,075$633$357$195$104$27
46 years$1,040$604$335$180$94$23
47 years$1,006$576$315$166$86$20
48 years$974$550$296$154$78$18
49 years$943$525$278$142$71$16
50 years$914$502$262$131$64$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $936,000, adding $4,379 every year, while hoping to spend $33,698 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: 29/46/25 Blend
55$936,000$936,000$936,000$936,000
56$1,035,989$986,381$971,873$1,057,884
57$1,105,805$998,859$968,576$1,087,808
58$1,181,614$1,010,819$964,040$1,116,702
59$1,263,990$1,022,201$958,186$1,147,078
60$1,353,566$1,032,938$950,935$1,179,085
61$1,451,040$1,042,962$942,201$1,212,891
62$1,557,177$1,052,199$931,896$1,248,682
63$1,672,822$1,060,569$919,927$1,286,666
64$1,798,901$1,067,989$906,197$1,327,074
65$1,936,438$1,074,369$890,604$1,370,163
66$2,086,556$1,079,615$873,040$1,416,218
67$2,250,493$1,083,624$853,395$1,465,558
68$2,429,612$1,086,290$831,552$1,518,537
69$2,625,412$1,087,498$807,389$1,575,546
70$2,839,545$1,087,126$780,777$1,637,023
71$3,073,829$1,085,046$751,584$1,703,451
72$3,330,267$1,081,120$719,670$1,775,369
73$3,611,063$1,075,204$684,887$1,853,373
74$3,918,646$1,067,143$647,085$1,938,125
75$4,255,688$1,056,773$606,102$2,030,360
76$4,625,134$1,043,921$561,773$2,130,892
77$5,030,228$1,028,404$513,923$2,240,625
78$5,474,542$1,010,026$462,370$2,360,557
79$5,962,010$988,582$406,923$2,491,799
80$6,496,964$963,852$347,385$2,635,579
81$7,084,179$935,606$283,547$2,793,257
82$7,728,913$903,598$215,194$2,966,338
83$8,436,957$867,569$142,098$3,156,492
84$9,214,692$827,245$64,023$3,365,563
85$10,069,147$782,336$0$3,595,595
86$11,008,065$732,535$0$3,853,995
87$12,039,976$677,518$0$4,156,675
88$13,174,278$616,941$0$4,489,378
89$14,421,325$550,442$0$4,855,236
90$15,792,524$477,637$0$5,257,710
91$17,300,442$398,122$0$5,700,619
92$18,958,926$311,469$0$6,188,182
93$20,783,231$217,225$0$6,725,056
94$22,790,166$114,915$0$7,316,381
95$24,998,250$4,033$0$7,967,831
96$27,427,888$0$0$8,685,671
97$30,101,564$0$0$9,535,507
98$33,044,050$0$0$10,473,210
99$36,282,642$0$0$11,505,458
100$39,847,414$0$0$12,641,861