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%13.1%
1 years$68,128$67,521$66,929$66,351$65,787$64,938
2 years$33,727$33,098$32,490$31,899$31,327$30,473
3 years$22,261$21,630$21,023$20,438$19,875$19,042
4 years$16,529$15,900$15,299$14,725$14,175$13,370
5 years$13,091$12,466$11,873$11,310$10,776$10,001
6 years$10,800$10,180$9,595$9,045$8,526$7,783
7 years$9,164$8,549$7,974$7,436$6,934$6,222
8 years$7,938$7,328$6,762$6,238$5,753$5,072
9 years$6,984$6,380$5,824$5,313$4,845$4,195
10 years$6,222$5,624$5,078$4,580$4,128$3,508
11 years$5,599$5,007$4,470$3,986$3,550$2,961
12 years$5,080$4,494$3,967$3,496$3,076$2,516
13 years$4,641$4,061$3,545$3,087$2,683$2,151
14 years$4,265$3,691$3,185$2,740$2,352$1,848
15 years$3,940$3,372$2,875$2,444$2,071$1,594
16 years$3,655$3,094$2,607$2,188$1,830$1,379
17 years$3,404$2,849$2,372$1,966$1,623$1,197
18 years$3,182$2,633$2,166$1,772$1,443$1,041
19 years$2,983$2,440$1,982$1,601$1,286$908
20 years$2,804$2,267$1,819$1,450$1,149$793
21 years$2,642$2,112$1,674$1,316$1,028$694
22 years$2,496$1,972$1,542$1,196$921$608
23 years$2,362$1,844$1,424$1,090$827$533
24 years$2,239$1,728$1,317$994$743$468
25 years$2,127$1,621$1,220$908$669$411
26 years$2,023$1,524$1,131$830$603$361
27 years$1,928$1,434$1,051$760$543$318
28 years$1,839$1,351$977$696$490$280
29 years$1,756$1,275$909$638$443$246
30 years$1,679$1,204$847$586$400$217
31 years$1,608$1,138$789$538$362$191
32 years$1,540$1,077$736$494$327$169
33 years$1,477$1,020$688$455$296$149
34 years$1,418$967$642$418$268$131
35 years$1,363$917$601$385$243$116
36 years$1,310$870$562$355$220$102
37 years$1,261$826$526$327$199$90
38 years$1,214$785$492$301$181$80
39 years$1,170$747$461$278$164$71
40 years$1,128$711$432$256$149$62
41 years$1,088$676$406$236$135$55
42 years$1,050$644$380$218$122$49
43 years$1,014$614$357$201$111$43
44 years$980$585$335$186$101$38
45 years$948$558$315$172$92$34
46 years$917$532$295$159$83$30
47 years$887$508$278$147$75$26
48 years$859$485$261$135$69$23
49 years$831$463$245$125$62$20
50 years$805$442$231$116$57$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $825,000, adding $2,030 every year, while hoping to spend $46,884 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: 42/43/15 Blend
55$825,000$825,000$825,000$825,000
56$911,244$867,519$854,731$945,432
57$954,307$860,143$833,481$962,325
58$1,000,190$850,835$809,947$975,823
59$1,049,133$839,449$784,004$989,430
60$1,101,397$825,834$755,519$1,003,178
61$1,157,266$809,827$724,356$1,017,104
62$1,217,056$791,256$690,371$1,031,254
63$1,281,108$769,941$653,411$1,045,683
64$1,349,802$745,689$613,321$1,060,453
65$1,423,550$718,296$569,935$1,075,639
66$1,502,807$687,547$523,083$1,091,328
67$1,588,070$653,214$472,583$1,107,619
68$1,679,887$615,055$418,249$1,124,628
69$1,778,860$572,817$359,884$1,142,488
70$1,885,648$526,230$297,285$1,161,353
71$2,000,977$475,007$230,236$1,181,394
72$2,125,643$418,850$158,516$1,202,813
73$2,260,523$357,438$81,891$1,225,834
74$2,406,581$290,436$118$1,250,713
75$2,564,873$217,489$0$1,277,743
76$2,736,566$138,222$0$1,321,198
77$2,922,938$52,237$0$1,368,430
78$3,125,399$0$0$1,419,882
79$3,345,497$0$0$1,495,416
80$3,584,935$0$0$1,604,568
81$3,845,590$0$0$1,723,487
82$4,129,524$0$0$1,853,126
83$4,439,007$0$0$1,994,534
84$4,776,538$0$0$2,148,867
85$5,144,867$0$0$2,317,394
86$5,547,021$0$0$2,501,515
87$5,986,332$0$0$2,702,771
88$6,466,468$0$0$2,922,857
89$6,991,468$0$0$3,163,641
90$7,565,780$0$0$3,427,178
91$8,194,298$0$0$3,715,732
92$8,882,414$0$0$4,031,797
93$9,636,066$0$0$4,378,118
94$10,461,791$0$0$4,757,718
95$11,366,789$0$0$5,173,929
96$12,358,991$0$0$5,630,417
97$13,447,131$0$0$6,131,222
98$14,640,828$0$0$6,680,794
99$15,950,678$0$0$7,284,035
100$17,388,351$0$0$7,946,343