Can I retire at age 56 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$66,889$66,293$65,712$65,145$64,591$63,573
2 years$33,113$32,497$31,899$31,319$30,757$29,735
3 years$21,856$21,237$20,641$20,067$19,514$18,518
4 years$16,229$15,611$15,021$14,457$13,917$12,956
5 years$12,853$12,240$11,657$11,104$10,580$9,656
6 years$10,604$9,994$9,421$8,880$8,371$7,486
7 years$8,997$8,393$7,829$7,301$6,808$5,961
8 years$7,793$7,195$6,639$6,125$5,648$4,840
9 years$6,857$6,264$5,718$5,217$4,756$3,986
10 years$6,109$5,522$4,985$4,497$4,053$3,320
11 years$5,497$4,916$4,389$3,914$3,486$2,789
12 years$4,987$4,412$3,895$3,433$3,020$2,360
13 years$4,556$3,987$3,480$3,031$2,634$2,008
14 years$4,187$3,624$3,127$2,690$2,309$1,717
15 years$3,868$3,311$2,823$2,399$2,033$1,474
16 years$3,589$3,038$2,560$2,148$1,797$1,269
17 years$3,342$2,797$2,329$1,930$1,593$1,096
18 years$3,124$2,585$2,126$1,739$1,416$949
19 years$2,929$2,396$1,946$1,572$1,263$823
20 years$2,753$2,226$1,786$1,424$1,128$715
21 years$2,594$2,074$1,643$1,292$1,009$622
22 years$2,450$1,936$1,514$1,175$905$542
23 years$2,319$1,810$1,398$1,070$812$473
24 years$2,199$1,696$1,293$976$730$413
25 years$2,088$1,592$1,198$891$657$361
26 years$1,987$1,496$1,111$815$592$315
27 years$1,892$1,408$1,031$746$533$276
28 years$1,805$1,327$959$683$481$242
29 years$1,724$1,252$892$627$435$212
30 years$1,649$1,182$831$575$393$185
31 years$1,578$1,117$775$528$355$162
32 years$1,512$1,057$723$485$321$142
33 years$1,451$1,001$675$446$291$125
34 years$1,393$949$631$411$263$110
35 years$1,338$900$590$378$238$96
36 years$1,286$854$552$348$216$84
37 years$1,238$811$516$321$196$74
38 years$1,192$771$484$296$177$65
39 years$1,149$733$453$273$161$57
40 years$1,107$698$425$251$146$50
41 years$1,068$664$398$232$132$44
42 years$1,031$632$373$214$120$39
43 years$996$603$350$198$109$34
44 years$962$574$329$183$99$30
45 years$930$548$309$169$90$26
46 years$900$523$290$156$82$23
47 years$871$499$273$144$74$20
48 years$843$476$256$133$67$18
49 years$816$455$241$123$61$16
50 years$791$434$226$114$55$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $810,000, adding $3,841 every year, while hoping to spend $58,030 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: 51/29/20 Blend
55$810,000$810,000$810,000$810,000
56$896,582$853,652$841,097$937,152
57$926,290$833,737$807,530$945,644
58$957,083$810,902$770,894$948,573
59$989,011$784,942$731,025$950,525
60$1,022,126$755,640$687,750$951,429
61$1,056,484$722,768$640,891$951,208
62$1,092,146$686,083$590,261$949,786
63$1,129,173$645,330$535,663$947,079
64$1,167,634$600,237$476,893$943,001
65$1,207,602$550,518$413,739$937,460
66$1,249,155$495,870$345,975$930,364
67$1,292,374$435,973$273,371$921,613
68$1,337,349$370,489$195,683$911,105
69$1,384,177$299,061$112,656$898,732
70$1,432,959$221,311$24,026$884,382
71$1,483,806$136,840$0$867,939
72$1,536,837$45,228$0$864,340
73$1,592,180$0$0$864,853
74$1,649,974$0$0$881,502
75$1,710,367$0$0$914,001
76$1,773,522$0$0$948,006
77$1,839,612$0$0$983,615
78$1,908,827$0$0$1,020,931
79$1,981,372$0$0$1,060,069
80$2,057,468$0$0$1,101,151
81$2,137,357$0$0$1,144,312
82$2,221,300$0$0$1,189,696
83$2,309,582$0$0$1,237,463
84$2,402,514$0$0$1,287,784
85$2,500,430$0$0$1,340,848
86$2,603,700$0$0$1,396,857
87$2,712,722$0$0$1,456,036
88$2,827,933$0$0$1,518,627
89$2,949,808$0$0$1,584,895
90$3,078,868$0$0$1,655,131
91$3,215,679$0$0$1,729,651
92$3,360,862$0$0$1,808,802
93$3,515,095$0$0$1,892,962
94$3,679,120$0$0$1,982,546
95$3,853,749$0$0$2,078,007
96$4,039,869$0$0$2,179,842
97$4,238,454$0$0$2,288,595
98$4,450,570$0$0$2,404,863
99$4,677,385$0$0$2,529,300
100$4,920,181$0$0$2,662,622