Can I retire at age 56 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$67,054$66,457$65,874$65,305$64,750$63,782
2 years$33,195$32,577$31,978$31,397$30,833$29,861
3 years$21,910$21,289$20,692$20,116$19,562$18,614
4 years$16,269$15,650$15,058$14,493$13,952$13,037
5 years$12,885$12,270$11,686$11,132$10,606$9,726
6 years$10,630$10,019$9,444$8,902$8,392$7,548
7 years$9,020$8,414$7,848$7,319$6,825$6,018
8 years$7,812$7,212$6,656$6,140$5,662$4,891
9 years$6,874$6,280$5,733$5,230$4,768$4,033
10 years$6,124$5,535$4,998$4,508$4,063$3,363
11 years$5,510$4,928$4,400$3,923$3,494$2,829
12 years$5,000$4,423$3,905$3,441$3,028$2,397
13 years$4,568$3,997$3,489$3,038$2,640$2,042
14 years$4,198$3,633$3,135$2,697$2,315$1,749
15 years$3,877$3,319$2,830$2,405$2,038$1,503
16 years$3,597$3,045$2,566$2,154$1,801$1,296
17 years$3,351$2,804$2,335$1,935$1,597$1,121
18 years$3,132$2,591$2,131$1,744$1,420$972
19 years$2,936$2,402$1,951$1,576$1,266$844
20 years$2,760$2,232$1,791$1,427$1,131$734
21 years$2,601$2,079$1,647$1,295$1,012$640
22 years$2,456$1,940$1,518$1,178$907$558
23 years$2,325$1,815$1,402$1,072$814$488
24 years$2,204$1,700$1,296$978$732$427
25 years$2,093$1,596$1,201$893$658$373
26 years$1,991$1,500$1,114$817$593$327
27 years$1,897$1,411$1,034$748$535$287
28 years$1,810$1,330$961$685$482$251
29 years$1,729$1,255$895$628$436$220
30 years$1,653$1,185$833$576$394$193
31 years$1,582$1,120$777$529$356$170
32 years$1,516$1,060$725$487$322$149
33 years$1,454$1,004$677$447$291$131
34 years$1,396$951$632$412$264$115
35 years$1,341$902$591$379$239$101
36 years$1,290$856$553$349$216$89
37 years$1,241$813$518$322$196$78
38 years$1,195$773$485$296$178$69
39 years$1,151$735$454$273$161$60
40 years$1,110$699$426$252$146$53
41 years$1,071$666$399$233$133$47
42 years$1,034$634$374$215$120$41
43 years$998$604$351$198$109$36
44 years$965$576$330$183$99$32
45 years$933$549$310$169$90$28
46 years$902$524$291$156$82$25
47 years$873$500$273$144$74$22
48 years$845$477$257$133$67$19
49 years$818$456$241$123$61$17
50 years$793$435$227$114$56$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $812,000, adding $3,213 every year, while hoping to spend $44,198 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: 45/48/7 Blend
55$812,000$812,000$812,000$812,000
56$898,138$855,102$842,516$936,662
57$942,722$849,976$823,714$958,442
58$990,372$843,117$802,801$977,212
59$1,041,354$834,394$779,659$996,537
60$1,095,961$823,668$754,166$1,016,484
61$1,154,511$810,790$726,193$1,037,128
62$1,217,357$795,604$695,606$1,058,554
63$1,284,883$777,944$662,264$1,080,860
64$1,357,512$757,635$626,022$1,104,157
65$1,435,709$734,490$586,724$1,128,570
66$1,519,984$708,312$544,212$1,154,242
67$1,610,896$678,894$498,317$1,181,333
68$1,709,062$646,014$448,865$1,210,025
69$1,815,157$609,439$395,672$1,240,522
70$1,929,924$568,923$338,549$1,273,056
71$2,054,181$524,204$277,294$1,307,886
72$2,188,825$475,008$211,701$1,345,304
73$2,334,844$421,042$141,552$1,385,636
74$2,493,324$361,999$66,620$1,429,250
75$2,665,459$297,553$0$1,476,558
76$2,852,563$227,360$0$1,529,017
77$3,056,081$151,058$0$1,591,520
78$3,277,604$68,262$0$1,659,683
79$3,518,880$0$0$1,734,167
80$3,781,837$0$0$1,827,035
81$4,068,591$0$0$1,967,712
82$4,381,477$0$0$2,121,300
83$4,723,060$0$0$2,289,070
84$5,096,167$0$0$2,472,421
85$5,503,909$0$0$2,672,895
86$5,949,710$0$0$2,892,188
87$6,437,341$0$0$3,132,169
88$6,970,955$0$0$3,394,895
89$7,555,123$0$0$3,682,631
90$8,194,880$0$0$3,997,872
91$8,895,770$0$0$4,343,365
92$9,663,899$0$0$4,722,136
93$10,505,990$0$0$5,137,519
94$11,429,451$0$0$5,593,182
95$12,442,438$0$0$6,093,170
96$13,553,935$0$0$6,641,935
97$14,773,841$0$0$7,244,383
98$16,113,054$0$0$7,905,917
99$17,583,585$0$0$8,632,490
100$19,198,660$0$0$9,430,658