Can I retire at age 56 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$68,128$67,521$66,929$66,351$65,787$63,834
2 years$33,727$33,098$32,490$31,899$31,327$29,376
3 years$22,261$21,630$21,023$20,438$19,875$17,987
4 years$16,529$15,900$15,299$14,725$14,175$12,364
5 years$13,091$12,466$11,873$11,310$10,776$9,047
6 years$10,800$10,180$9,595$9,045$8,526$6,881
7 years$9,164$8,549$7,974$7,436$6,934$5,373
8 years$7,938$7,328$6,762$6,238$5,753$4,274
9 years$6,984$6,380$5,824$5,313$4,845$3,447
10 years$6,222$5,624$5,078$4,580$4,128$2,809
11 years$5,599$5,007$4,470$3,986$3,550$2,308
12 years$5,080$4,494$3,967$3,496$3,076$1,909
13 years$4,641$4,061$3,545$3,087$2,683$1,587
14 years$4,265$3,691$3,185$2,740$2,352$1,325
15 years$3,940$3,372$2,875$2,444$2,071$1,110
16 years$3,655$3,094$2,607$2,188$1,830$932
17 years$3,404$2,849$2,372$1,966$1,623$785
18 years$3,182$2,633$2,166$1,772$1,443$662
19 years$2,983$2,440$1,982$1,601$1,286$560
20 years$2,804$2,267$1,819$1,450$1,149$474
21 years$2,642$2,112$1,674$1,316$1,028$401
22 years$2,496$1,972$1,542$1,196$921$340
23 years$2,362$1,844$1,424$1,090$827$289
24 years$2,239$1,728$1,317$994$743$245
25 years$2,127$1,621$1,220$908$669$208
26 years$2,023$1,524$1,131$830$603$177
27 years$1,928$1,434$1,051$760$543$151
28 years$1,839$1,351$977$696$490$128
29 years$1,756$1,275$909$638$443$109
30 years$1,679$1,204$847$586$400$93
31 years$1,608$1,138$789$538$362$79
32 years$1,540$1,077$736$494$327$67
33 years$1,477$1,020$688$455$296$57
34 years$1,418$967$642$418$268$49
35 years$1,363$917$601$385$243$42
36 years$1,310$870$562$355$220$35
37 years$1,261$826$526$327$199$30
38 years$1,214$785$492$301$181$26
39 years$1,170$747$461$278$164$22
40 years$1,128$711$432$256$149$19
41 years$1,088$676$406$236$135$16
42 years$1,050$644$380$218$122$14
43 years$1,014$614$357$201$111$12
44 years$980$585$335$186$101$10
45 years$948$558$315$172$92$8
46 years$917$532$295$159$83$7
47 years$887$508$278$147$75$6
48 years$859$485$261$135$69$5
49 years$831$463$245$125$62$4
50 years$805$442$231$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $825,000, adding $6,158 every year, while hoping to spend $44,871 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: 37/50/13 Blend
55$825,000$825,000$825,000$825,000
56$915,502$871,777$858,989$945,520
57$961,141$866,752$840,023$962,548
58$1,009,931$859,976$818,918$976,152
59$1,062,146$851,317$795,554$989,865
60$1,118,088$840,634$769,807$1,003,719
61$1,178,084$827,777$741,548$1,017,751
62$1,242,498$812,588$710,639$1,032,009
63$1,311,726$794,898$676,938$1,046,547
64$1,386,204$774,529$640,297$1,061,429
65$1,466,410$751,294$600,561$1,076,731
66$1,552,869$724,994$557,565$1,092,541
67$1,646,160$695,416$511,141$1,108,961
68$1,746,915$662,338$461,111$1,126,108
69$1,855,832$625,524$407,290$1,144,119
70$1,973,676$584,725$349,484$1,163,148
71$2,101,290$539,675$287,491$1,183,374
72$2,239,599$490,097$221,099$1,204,999
73$2,389,621$435,694$150,089$1,228,253
74$2,552,475$376,156$74,229$1,253,400
75$2,729,392$311,152$0$1,280,735
76$2,921,727$240,335$0$1,311,529
77$3,130,968$163,337$0$1,356,276
78$3,358,756$79,769$0$1,405,133
79$3,606,893$0$0$1,458,621
80$3,877,366$0$0$1,523,253
81$4,172,357$0$0$1,641,715
82$4,494,272$0$0$1,771,097
83$4,845,756$0$0$1,912,478
84$5,229,724$0$0$2,067,042
85$5,649,382$0$0$2,236,095
86$6,108,261$0$0$2,421,076
87$6,610,249$0$0$2,623,567
88$7,159,627$0$0$2,845,312
89$7,761,108$0$0$3,088,230
90$8,419,882$0$0$3,354,436
91$9,141,667$0$0$3,646,258
92$9,932,757$0$0$3,966,260
93$10,800,085$0$0$4,317,267
94$11,751,287$0$0$4,702,390
95$12,794,774$0$0$5,125,056
96$13,939,810$0$0$5,589,038
97$15,196,599$0$0$6,098,496
98$16,576,380$0$0$6,658,008
99$18,091,535$0$0$7,272,621
100$19,755,704$0$0$7,947,892