Can I retire at age 56 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$69,284$68,667$68,065$67,477$66,903$66,370
2 years$34,299$33,660$33,041$32,441$31,859$31,321
3 years$22,639$21,997$21,380$20,785$20,212$19,688
4 years$16,810$16,170$15,559$14,975$14,416$13,907
5 years$13,313$12,678$12,074$11,502$10,959$10,468
6 years$10,983$10,352$9,758$9,198$8,671$8,199
7 years$9,320$8,694$8,109$7,562$7,052$6,599
8 years$8,072$7,452$6,877$6,344$5,850$5,416
9 years$7,103$6,489$5,923$5,404$4,927$4,511
10 years$6,327$5,719$5,164$4,658$4,198$3,800
11 years$5,694$5,092$4,546$4,054$3,610$3,231
12 years$5,166$4,570$4,035$3,556$3,129$2,767
13 years$4,720$4,130$3,605$3,139$2,728$2,384
14 years$4,337$3,754$3,239$2,787$2,392$2,064
15 years$4,006$3,429$2,924$2,485$2,106$1,795
16 years$3,717$3,146$2,651$2,225$1,861$1,566
17 years$3,462$2,898$2,413$1,999$1,650$1,371
18 years$3,236$2,678$2,202$1,802$1,467$1,203
19 years$3,033$2,482$2,016$1,628$1,308$1,058
20 years$2,851$2,306$1,850$1,475$1,168$932
21 years$2,687$2,148$1,702$1,338$1,045$822
22 years$2,538$2,005$1,569$1,217$937$727
23 years$2,402$1,875$1,448$1,108$841$643
24 years$2,277$1,757$1,339$1,011$756$570
25 years$2,163$1,649$1,241$923$680$505
26 years$2,058$1,550$1,151$844$613$449
27 years$1,960$1,458$1,068$772$552$399
28 years$1,870$1,374$993$708$498$354
29 years$1,786$1,296$924$649$450$315
30 years$1,708$1,224$861$596$407$280
31 years$1,635$1,157$803$547$368$250
32 years$1,567$1,095$749$503$333$222
33 years$1,503$1,037$699$462$301$198
34 years$1,442$983$653$425$273$177
35 years$1,386$932$611$392$247$157
36 years$1,333$885$571$361$224$140
37 years$1,282$840$535$332$203$125
38 years$1,235$799$501$306$184$112
39 years$1,190$760$469$282$167$100
40 years$1,147$723$440$260$151$89
41 years$1,107$688$412$240$137$79
42 years$1,068$655$387$222$124$71
43 years$1,032$624$363$205$113$63
44 years$997$595$341$189$103$57
45 years$964$567$320$175$93$50
46 years$932$541$300$161$84$45
47 years$902$517$282$149$77$40
48 years$873$493$265$138$70$36
49 years$846$471$249$127$63$32
50 years$819$450$234$118$57$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $839,000, adding $2,683 every year, while hoping to spend $29,421 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: 36/37/27 Blend
55$839,000$839,000$839,000$839,000
56$927,346$882,879$869,874$953,125
57$990,631$894,836$867,711$984,446
58$1,059,386$906,393$864,490$1,015,372
59$1,134,136$917,499$860,143$1,048,190
60$1,215,462$928,101$854,602$1,083,089
61$1,304,001$938,139$847,793$1,120,280
62$1,400,454$947,554$839,639$1,159,995
63$1,505,594$956,278$830,061$1,202,493
64$1,620,271$964,241$818,974$1,248,061
65$1,745,420$971,370$806,291$1,297,016
66$1,882,070$977,585$791,919$1,349,710
67$2,031,355$982,800$775,762$1,406,533
68$2,194,522$986,926$757,719$1,467,918
69$2,372,946$989,868$737,685$1,534,342
70$2,568,137$991,523$715,549$1,606,335
71$2,781,763$991,783$691,195$1,684,484
72$3,015,657$990,534$664,504$1,769,439
73$3,271,837$987,654$635,348$1,861,917
74$3,552,528$983,013$603,596$1,962,715
75$3,860,179$976,473$569,110$2,072,712
76$4,197,487$967,890$531,745$2,192,881
77$4,567,423$957,109$491,350$2,324,299
78$4,973,259$943,966$447,769$2,468,157
79$5,418,599$928,288$400,837$2,625,772
80$5,907,413$909,891$350,382$2,798,599
81$6,444,073$888,580$296,224$2,988,247
82$7,033,397$864,149$238,176$3,196,496
83$7,680,691$836,379$176,042$3,425,311
84$8,391,800$805,041$109,618$3,676,865
85$9,173,164$769,889$38,691$3,953,558
86$10,031,878$730,664$0$4,258,042
87$10,975,757$687,094$0$4,603,907
88$12,013,411$638,888$0$4,996,317
89$13,154,326$585,741$0$5,427,758
90$14,408,955$527,330$0$5,902,251
91$15,788,812$463,313$0$6,424,230
92$17,306,584$393,328$0$6,998,589
93$18,976,248$316,994$0$7,630,723
94$20,813,208$233,909$0$8,326,585
95$22,834,430$143,645$0$9,092,742
96$25,058,613$45,755$0$9,936,436
97$27,506,357$0$0$10,865,655
98$30,200,361$0$0$11,913,735
99$33,165,638$0$0$13,087,998
100$36,429,745$0$0$14,380,746