Can I retire at age 56 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$67,632$67,030$66,442$65,868$65,308$64,385
2 years$33,481$32,858$32,253$31,667$31,099$30,171
3 years$22,099$21,473$20,870$20,290$19,731$18,826
4 years$16,409$15,785$15,188$14,618$14,072$13,199
5 years$12,996$12,376$11,787$11,228$10,697$9,857
6 years$10,721$10,106$9,525$8,979$8,464$7,658
7 years$9,097$8,487$7,916$7,382$6,884$6,112
8 years$7,880$7,275$6,713$6,193$5,711$4,974
9 years$6,933$6,334$5,782$5,275$4,809$4,106
10 years$6,177$5,583$5,041$4,547$4,098$3,428
11 years$5,558$4,970$4,438$3,957$3,524$2,888
12 years$5,043$4,461$3,938$3,471$3,054$2,449
13 years$4,607$4,031$3,519$3,064$2,663$2,090
14 years$4,234$3,664$3,162$2,720$2,335$1,792
15 years$3,911$3,348$2,855$2,426$2,055$1,542
16 years$3,628$3,071$2,588$2,172$1,817$1,332
17 years$3,380$2,829$2,355$1,952$1,611$1,153
18 years$3,159$2,614$2,150$1,759$1,432$1,001
19 years$2,961$2,422$1,968$1,589$1,277$871
20 years$2,784$2,251$1,806$1,439$1,140$759
21 years$2,623$2,097$1,661$1,306$1,020$662
22 years$2,477$1,957$1,531$1,188$915$579
23 years$2,345$1,831$1,414$1,082$821$506
24 years$2,223$1,715$1,308$987$738$444
25 years$2,112$1,610$1,211$901$664$389
26 years$2,009$1,513$1,123$824$598$341
27 years$1,914$1,424$1,043$754$539$299
28 years$1,825$1,341$970$691$487$263
29 years$1,743$1,266$902$634$439$231
30 years$1,667$1,195$840$581$397$203
31 years$1,596$1,130$783$534$359$179
32 years$1,529$1,069$731$491$325$157
33 years$1,467$1,012$683$451$294$138
34 years$1,408$960$638$415$266$122
35 years$1,353$910$596$382$241$107
36 years$1,301$864$558$352$218$94
37 years$1,252$820$522$324$198$83
38 years$1,205$780$489$299$179$73
39 years$1,161$741$458$276$163$64
40 years$1,120$705$429$254$148$57
41 years$1,080$671$403$235$134$50
42 years$1,043$639$378$216$121$44
43 years$1,007$609$354$200$110$39
44 years$973$581$333$185$100$34
45 years$941$554$312$170$91$30
46 years$910$528$293$157$82$27
47 years$880$504$276$145$75$23
48 years$852$481$259$134$68$21
49 years$825$460$243$124$62$18
50 years$800$439$229$115$56$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $819,000, adding $2,216 every year, while hoping to spend $31,141 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: 72/22/6 Blend
55$819,000$819,000$819,000$819,000
56$904,824$861,417$848,722$969,153
57$963,982$870,492$844,021$1,020,949
58$1,028,131$878,969$838,118$1,073,527
59$1,097,746$886,784$830,941$1,130,214
60$1,173,351$893,872$822,413$1,191,405
61$1,255,523$900,162$812,453$1,257,536
62$1,344,895$905,578$800,979$1,329,088
63$1,442,164$910,041$787,901$1,406,589
64$1,548,097$913,466$773,128$1,490,623
65$1,663,538$915,761$756,564$1,581,833
66$1,789,417$916,831$738,107$1,680,929
67$1,926,756$916,574$717,652$1,788,690
68$2,076,680$914,881$695,088$1,905,979
69$2,240,429$911,638$670,300$2,033,744
70$2,419,365$906,720$643,168$2,173,033
71$2,614,991$900,000$613,565$2,324,998
72$2,828,959$891,340$581,359$2,490,912
73$3,063,091$880,593$546,412$2,672,178
74$3,319,389$867,605$508,579$2,870,340
75$3,600,061$852,213$467,712$3,087,102
76$3,907,539$834,242$423,651$3,324,345
77$4,244,497$813,509$376,233$3,584,138
78$4,613,884$789,820$325,285$3,868,766
79$5,018,947$762,968$270,629$4,180,745
80$5,463,262$732,735$212,077$4,522,852
81$5,950,766$698,891$149,433$4,898,147
82$6,485,799$661,191$82,494$5,310,001
83$7,073,139$619,378$11,046$5,762,136
84$7,718,050$573,178$0$6,258,650
85$8,426,331$522,304$0$6,808,238
86$9,204,369$466,449$0$7,412,734
87$10,059,201$405,292$0$8,076,941
88$10,998,580$338,491$0$8,806,929
89$12,031,046$265,688$0$9,609,393
90$13,166,007$186,501$0$10,491,711
91$14,413,830$100,530$0$11,462,013
92$15,785,935$7,350$0$12,529,265
93$17,294,904$0$0$13,703,345
94$18,954,601$0$0$15,017,777
95$20,780,298$0$0$16,465,679
96$22,788,825$0$0$18,058,624
97$24,998,724$0$0$19,811,323
98$27,430,423$0$0$21,739,985
99$30,106,433$0$0$23,862,470
100$33,051,557$0$0$26,198,456