Can I retire at age 56 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$67,302$66,702$66,118$65,547$64,989$63,111
2 years$33,318$32,697$32,096$31,513$30,947$29,070
3 years$21,991$21,368$20,768$20,191$19,634$17,817
4 years$16,329$15,708$15,114$14,546$14,003$12,259
5 years$12,933$12,315$11,729$11,173$10,645$8,980
6 years$10,669$10,056$9,479$8,935$8,423$6,838
7 years$9,053$8,445$7,877$7,346$6,850$5,345
8 years$7,841$7,239$6,680$6,162$5,683$4,256
9 years$6,899$6,303$5,754$5,249$4,786$3,437
10 years$6,146$5,556$5,016$4,525$4,078$2,805
11 years$5,531$4,946$4,416$3,938$3,507$2,307
12 years$5,018$4,439$3,919$3,454$3,039$1,911
13 years$4,584$4,012$3,502$3,049$2,650$1,591
14 years$4,213$3,647$3,146$2,707$2,323$1,330
15 years$3,892$3,331$2,841$2,414$2,045$1,115
16 years$3,611$3,056$2,575$2,162$1,808$938
17 years$3,363$2,815$2,344$1,942$1,603$791
18 years$3,143$2,601$2,139$1,750$1,425$669
19 years$2,947$2,411$1,958$1,581$1,270$566
20 years$2,770$2,240$1,797$1,432$1,135$480
21 years$2,610$2,086$1,653$1,300$1,015$407
22 years$2,465$1,948$1,524$1,182$910$346
23 years$2,333$1,822$1,407$1,076$817$294
24 years$2,212$1,707$1,301$982$734$250
25 years$2,101$1,602$1,205$897$661$213
26 years$1,999$1,505$1,118$820$595$181
27 years$1,904$1,417$1,038$750$537$154
28 years$1,816$1,335$965$688$484$131
29 years$1,735$1,259$898$630$437$112
30 years$1,659$1,189$836$579$395$96
31 years$1,588$1,124$780$531$357$81
32 years$1,522$1,064$727$488$323$70
33 years$1,460$1,007$679$449$292$59
34 years$1,401$955$635$413$265$51
35 years$1,346$906$593$380$240$43
36 years$1,294$860$555$350$217$37
37 years$1,246$816$520$323$197$31
38 years$1,199$776$487$298$179$27
39 years$1,156$738$456$274$162$23
40 years$1,114$702$427$253$147$20
41 years$1,075$668$401$233$133$17
42 years$1,038$636$376$215$121$14
43 years$1,002$606$353$199$110$12
44 years$968$578$331$184$100$10
45 years$936$551$311$170$90$9
46 years$905$526$292$157$82$8
47 years$876$502$274$145$75$6
48 years$848$479$258$134$68$6
49 years$821$457$242$124$61$5
50 years$796$437$228$114$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $815,000, adding $2,725 every year, while hoping to spend $43,228 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: 70/5/25 Blend
55$815,000$815,000$815,000$815,000
56$900,941$857,746$845,113$958,100
57$946,843$853,781$827,430$992,744
58$995,977$848,173$807,706$1,025,376
59$1,048,630$840,796$785,827$1,060,075
60$1,105,111$831,516$761,673$1,097,043
61$1,165,763$820,191$735,120$1,136,506
62$1,230,961$806,671$706,037$1,178,712
63$1,301,118$790,797$674,288$1,223,934
64$1,376,686$772,400$639,730$1,272,477
65$1,458,162$751,301$602,215$1,324,676
66$1,546,091$727,312$561,586$1,380,901
67$1,641,073$700,231$517,681$1,441,564
68$1,743,769$669,848$470,329$1,507,117
69$1,854,901$635,939$419,353$1,578,063
70$1,975,267$598,266$364,567$1,654,955
71$2,105,742$556,579$305,777$1,738,405
72$2,247,289$510,612$242,782$1,829,091
73$2,400,966$460,086$175,369$1,927,760
74$2,567,939$404,705$103,319$2,035,237
75$2,749,488$344,155$26,399$2,152,436
76$2,947,024$278,106$0$2,280,365
77$3,162,096$206,209$0$2,434,992
78$3,396,412$128,095$0$2,611,171
79$3,651,849$43,375$0$2,803,282
80$3,930,474$0$0$3,012,897
81$4,234,563$0$0$3,244,409
82$4,566,618$0$0$3,499,859
83$4,929,397$0$0$3,778,988
84$5,325,935$0$0$4,084,135
85$5,759,573$0$0$4,417,878
86$6,233,989$0$0$4,783,053
87$6,753,233$0$0$5,182,784
88$7,321,768$0$0$5,620,512
89$7,944,503$0$0$6,100,024
90$8,626,849$0$0$6,625,492
91$9,374,762$0$0$7,201,510
92$10,194,803$0$0$7,833,139
93$11,094,199$0$0$8,525,953
94$12,080,908$0$0$9,286,089
95$13,163,698$0$0$10,120,309
96$14,352,224$0$0$11,036,062
97$15,657,123$0$0$12,041,551
98$17,090,112$0$0$13,145,814
99$18,664,099$0$0$14,358,806
100$20,393,303$0$0$15,691,496