Can I retire at age 56 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$69,779$69,158$68,551$67,959$67,381$66,320
2 years$34,544$33,901$33,277$32,673$32,086$31,020
3 years$22,801$22,155$21,533$20,934$20,357$19,318
4 years$16,930$16,286$15,670$15,082$14,519$13,516
5 years$13,409$12,768$12,161$11,584$11,037$10,073
6 years$11,062$10,426$9,828$9,264$8,733$7,809
7 years$9,386$8,756$8,167$7,616$7,102$6,219
8 years$8,130$7,506$6,926$6,389$5,892$5,049
9 years$7,153$6,535$5,965$5,442$4,962$4,158
10 years$6,373$5,760$5,201$4,691$4,228$3,463
11 years$5,734$5,128$4,579$4,083$3,636$2,910
12 years$5,203$4,603$4,064$3,581$3,151$2,462
13 years$4,753$4,159$3,630$3,162$2,748$2,095
14 years$4,368$3,781$3,262$2,807$2,409$1,791
15 years$4,035$3,454$2,945$2,503$2,121$1,538
16 years$3,744$3,169$2,670$2,241$1,874$1,324
17 years$3,487$2,918$2,430$2,014$1,662$1,143
18 years$3,259$2,697$2,218$1,815$1,478$990
19 years$3,055$2,499$2,031$1,640$1,317$859
20 years$2,872$2,322$1,864$1,485$1,176$746
21 years$2,706$2,163$1,714$1,348$1,053$649
22 years$2,556$2,019$1,580$1,225$944$565
23 years$2,419$1,889$1,459$1,116$847$493
24 years$2,294$1,770$1,349$1,018$761$431
25 years$2,179$1,661$1,249$930$685$376
26 years$2,072$1,561$1,159$850$617$329
27 years$1,974$1,469$1,076$778$556$288
28 years$1,883$1,384$1,000$713$502$252
29 years$1,799$1,306$931$654$453$221
30 years$1,720$1,233$867$600$410$193
31 years$1,647$1,166$808$551$370$169
32 years$1,578$1,103$754$506$335$149
33 years$1,513$1,045$704$466$303$130
34 years$1,453$990$658$428$274$114
35 years$1,396$939$615$394$249$100
36 years$1,342$891$575$363$225$88
37 years$1,291$846$539$335$204$77
38 years$1,244$804$504$308$185$68
39 years$1,198$765$473$284$168$60
40 years$1,155$728$443$262$152$52
41 years$1,115$693$415$242$138$46
42 years$1,076$660$390$223$125$40
43 years$1,039$629$366$206$114$35
44 years$1,004$599$343$190$103$31
45 years$971$571$322$176$94$27
46 years$939$545$303$162$85$24
47 years$908$520$284$150$77$21
48 years$879$497$267$139$70$19
49 years$852$474$251$128$64$16
50 years$825$453$236$118$58$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $845,000, adding $5,017 every year, while hoping to spend $56,411 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: 65/7/28 Blend
55$845,000$845,000$845,000$845,000
56$936,365$891,580$878,483$989,993
57$971,853$875,247$847,891$1,010,519
58$1,009,071$856,222$814,384$1,026,234
59$1,048,134$834,315$777,804$1,042,175
60$1,089,171$809,323$737,987$1,058,371
61$1,132,318$781,032$694,761$1,074,856
62$1,177,725$749,214$647,947$1,091,667
63$1,225,557$713,629$597,356$1,108,850
64$1,275,990$674,022$542,794$1,126,458
65$1,329,218$630,127$484,054$1,144,550
66$1,385,452$581,657$420,924$1,163,194
67$1,444,922$528,312$353,180$1,182,470
68$1,507,881$469,776$280,588$1,202,466
69$1,574,602$405,712$202,904$1,223,284
70$1,645,385$335,766$119,876$1,245,041
71$1,720,559$259,563$31,236$1,267,865
72$1,800,482$176,707$0$1,291,906
73$1,885,546$86,781$0$1,336,260
74$1,976,182$0$0$1,393,374
75$2,072,859$0$0$1,455,030
76$2,176,093$0$0$1,528,040
77$2,286,448$0$0$1,606,120
78$2,404,545$0$0$1,689,715
79$2,531,060$0$0$1,779,310
80$2,666,740$0$0$1,875,436
81$2,812,401$0$0$1,978,678
82$2,968,939$0$0$2,089,678
83$3,137,339$0$0$2,209,138
84$3,318,681$0$0$2,337,832
85$3,514,152$0$0$2,476,608
86$3,725,056$0$0$2,626,400
87$3,952,824$0$0$2,788,232
88$4,199,031$0$0$2,963,230
89$4,465,405$0$0$3,152,631
90$4,753,850$0$0$3,357,797
91$5,066,454$0$0$3,580,223
92$5,405,516$0$0$3,821,554
93$5,773,566$0$0$4,083,599
94$6,173,381$0$0$4,368,349
95$6,608,022$0$0$4,677,992
96$7,080,852$0$0$5,014,937
97$7,595,573$0$0$5,381,834
98$8,156,259$0$0$5,781,599
99$8,767,392$0$0$6,217,441
100$9,433,905$0$0$6,692,891