Can I retire at age 56 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$66,972$66,375$65,793$65,225$64,670$62,227
2 years$33,154$32,537$31,938$31,358$30,795$28,363
3 years$21,883$21,263$20,666$20,091$19,538$17,192
4 years$16,249$15,631$15,040$14,475$13,935$11,693
5 years$12,869$12,255$11,671$11,118$10,593$8,461
6 years$10,617$10,007$9,432$8,891$8,382$6,362
7 years$9,008$8,404$7,838$7,310$6,817$4,908
8 years$7,803$7,204$6,647$6,132$5,655$3,856
9 years$6,866$6,272$5,725$5,223$4,762$3,070
10 years$6,116$5,528$4,992$4,502$4,058$2,469
11 years$5,504$4,922$4,395$3,918$3,490$2,002
12 years$4,993$4,417$3,900$3,437$3,024$1,632
13 years$4,562$3,992$3,484$3,034$2,637$1,338
14 years$4,193$3,629$3,131$2,694$2,312$1,101
15 years$3,873$3,315$2,827$2,402$2,035$908
16 years$3,593$3,041$2,563$2,151$1,799$752
17 years$3,347$2,801$2,332$1,933$1,595$623
18 years$3,128$2,588$2,129$1,742$1,418$518
19 years$2,932$2,399$1,949$1,574$1,264$430
20 years$2,756$2,229$1,789$1,425$1,129$358
21 years$2,597$2,076$1,645$1,294$1,010$299
22 years$2,453$1,938$1,516$1,176$906$249
23 years$2,322$1,813$1,400$1,071$813$208
24 years$2,201$1,698$1,295$977$731$174
25 years$2,091$1,594$1,199$892$658$145
26 years$1,989$1,498$1,112$816$592$121
27 years$1,895$1,410$1,033$747$534$101
28 years$1,808$1,328$960$684$482$85
29 years$1,726$1,253$893$627$435$71
30 years$1,651$1,183$832$576$393$59
31 years$1,580$1,119$776$529$355$50
32 years$1,514$1,059$724$486$322$42
33 years$1,452$1,003$676$447$291$35
34 years$1,394$950$632$411$263$29
35 years$1,340$901$590$379$239$24
36 years$1,288$855$552$349$216$20
37 years$1,239$812$517$321$196$17
38 years$1,193$772$484$296$178$14
39 years$1,150$734$454$273$161$12
40 years$1,109$698$425$252$146$10
41 years$1,070$665$399$232$133$8
42 years$1,033$633$374$214$120$7
43 years$997$603$351$198$109$6
44 years$964$575$329$183$99$5
45 years$932$548$309$169$90$4
46 years$901$523$290$156$82$3
47 years$872$499$273$144$74$3
48 years$844$477$256$133$67$2
49 years$817$455$241$123$61$2
50 years$792$435$227$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $811,000, adding $6,509 every year, while hoping to spend $27,237 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: 48/32/20 Blend
55$811,000$811,000$811,000$811,000
56$900,436$857,453$844,883$938,283
57$963,301$870,488$844,206$978,318
58$1,031,664$883,249$842,594$1,018,495
59$1,106,060$895,694$839,987$1,061,553
60$1,187,072$907,777$836,320$1,107,773
61$1,275,346$919,451$831,530$1,157,466
62$1,371,590$930,663$825,545$1,210,976
63$1,476,585$941,358$818,294$1,268,681
64$1,591,190$951,478$809,700$1,331,002
65$1,716,351$960,960$799,684$1,398,400
66$1,853,108$969,736$788,162$1,471,387
67$2,002,607$977,736$775,048$1,550,527
68$2,166,111$984,882$760,250$1,636,443
69$2,345,008$991,095$743,672$1,729,823
70$2,540,828$996,288$725,214$1,831,426
71$2,755,255$1,000,369$704,772$1,942,092
72$2,990,145$1,003,241$682,236$2,062,745
73$3,247,540$1,004,800$657,491$2,194,409
74$3,529,690$1,004,936$630,417$2,338,212
75$3,839,072$1,003,532$600,891$2,495,398
76$4,178,416$1,000,464$568,779$2,667,344
77$4,550,728$995,600$533,946$2,855,567
78$4,959,318$988,800$496,249$3,061,741
79$5,407,833$979,916$455,539$3,287,716
80$5,900,291$968,791$411,658$3,535,531
81$6,441,117$955,257$364,444$3,807,437
82$7,035,185$939,139$313,728$4,105,918
83$7,687,866$920,249$259,329$4,433,717
84$8,405,075$898,389$201,064$4,793,856
85$9,193,332$873,348$138,739$5,189,674
86$10,059,814$844,905$72,149$5,624,853
87$11,012,435$812,825$1,085$6,103,453
88$12,059,907$776,858$0$6,629,956
89$13,211,835$736,740$0$7,225,258
90$14,478,796$692,195$0$7,880,144
91$15,872,447$642,926$0$8,600,447
92$17,405,630$588,623$0$9,392,856
93$19,092,495$528,956$0$10,264,745
94$20,948,631$463,577$0$11,224,244
95$22,991,218$392,119$0$12,280,314
96$25,239,183$314,193$0$13,442,837
97$27,713,380$229,388$0$14,722,707
98$30,436,788$137,272$0$16,131,933
99$33,434,729$37,387$0$17,683,753
100$36,735,101$0$0$19,392,764