Can I retire at age 56 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$70,192$69,567$68,957$68,362$67,780$66,303
2 years$34,749$34,101$33,474$32,866$32,276$30,796
3 years$22,936$22,286$21,660$21,058$20,477$19,039
4 years$17,030$16,382$15,763$15,171$14,605$13,220
5 years$13,488$12,844$12,233$11,653$11,102$9,776
6 years$11,127$10,488$9,886$9,319$8,785$7,517
7 years$9,442$8,808$8,215$7,661$7,144$5,936
8 years$8,178$7,550$6,967$6,427$5,927$4,777
9 years$7,196$6,574$6,001$5,474$4,991$3,900
10 years$6,410$5,794$5,232$4,719$4,253$3,218
11 years$5,768$5,158$4,606$4,107$3,658$2,678
12 years$5,234$4,630$4,088$3,602$3,170$2,244
13 years$4,781$4,184$3,652$3,180$2,764$1,891
14 years$4,394$3,803$3,281$2,823$2,423$1,600
15 years$4,059$3,474$2,963$2,518$2,133$1,360
16 years$3,766$3,188$2,686$2,254$1,885$1,159
17 years$3,507$2,936$2,444$2,026$1,672$990
18 years$3,278$2,713$2,231$1,825$1,486$848
19 years$3,073$2,514$2,043$1,649$1,325$727
20 years$2,889$2,336$1,875$1,494$1,183$625
21 years$2,722$2,176$1,724$1,356$1,059$537
22 years$2,571$2,031$1,589$1,233$949$463
23 years$2,433$1,900$1,467$1,123$852$399
24 years$2,307$1,780$1,357$1,024$766$344
25 years$2,191$1,670$1,257$935$689$297
26 years$2,085$1,570$1,166$855$621$257
27 years$1,986$1,478$1,082$783$560$222
28 years$1,894$1,392$1,006$717$505$192
29 years$1,809$1,313$936$658$456$166
30 years$1,730$1,240$872$603$412$144
31 years$1,656$1,173$813$554$373$124
32 years$1,587$1,109$759$509$337$108
33 years$1,522$1,051$708$468$305$93
34 years$1,461$996$662$431$276$81
35 years$1,404$945$619$397$250$70
36 years$1,350$897$579$365$227$61
37 years$1,299$851$542$337$205$53
38 years$1,251$809$507$310$186$46
39 years$1,205$769$475$286$169$39
40 years$1,162$732$446$264$153$34
41 years$1,121$697$418$243$139$30
42 years$1,082$664$392$225$126$26
43 years$1,045$632$368$207$114$22
44 years$1,010$603$345$192$104$19
45 years$976$575$324$177$94$17
46 years$944$548$304$163$86$15
47 years$914$523$286$151$78$13
48 years$885$500$269$139$71$11
49 years$857$477$253$129$64$9
50 years$830$456$238$119$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $850,000, adding $5,204 every year, while hoping to spend $35,296 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: 62/29/9 Blend
55$850,000$850,000$850,000$850,000
56$942,068$897,018$883,843$998,319
57$1,000,604$903,417$875,897$1,042,975
58$1,063,928$908,947$866,502$1,087,144
59$1,132,491$913,527$855,572$1,134,464
60$1,206,788$917,074$843,017$1,185,239
61$1,287,366$919,495$828,743$1,239,806
62$1,374,823$920,697$812,652$1,298,537
63$1,469,820$920,575$794,640$1,361,841
64$1,573,081$919,023$774,600$1,430,172
65$1,685,405$915,925$752,419$1,504,029
66$1,807,670$911,159$727,979$1,583,964
67$1,940,842$904,596$701,156$1,670,587
68$2,085,985$896,098$671,821$1,764,570
69$2,244,268$885,519$639,840$1,866,656
70$2,416,980$872,706$605,071$1,977,666
71$2,605,538$857,495$567,367$2,098,505
72$2,811,502$839,712$526,574$2,230,171
73$3,036,592$819,174$482,530$2,373,768
74$3,282,697$795,686$435,068$2,530,513
75$3,551,901$769,044$384,012$2,701,752
76$3,846,496$739,028$329,178$2,888,966
77$4,169,008$705,410$270,374$3,093,793
78$4,522,216$667,944$207,401$3,318,041
79$4,909,182$626,373$140,049$3,563,704
80$5,333,279$580,426$68,100$3,832,982
81$5,798,219$529,812$0$4,128,304
82$6,308,093$474,228$0$4,453,183
83$6,867,405$413,352$0$4,816,776
84$7,481,118$346,844$0$5,215,823
85$8,154,696$274,344$0$5,653,949
86$8,894,160$195,471$0$6,135,152
87$9,706,142$109,827$0$6,663,840
88$10,597,946$16,986$0$7,244,875
89$11,577,620$0$0$7,883,621
90$12,654,030$0$0$8,612,635
91$13,836,941$0$0$9,419,805
92$15,137,113$0$0$10,307,059
93$16,566,401$0$0$11,282,496
94$18,137,862$0$0$12,355,037
95$19,865,887$0$0$13,534,512
96$21,766,325$0$0$14,831,749
97$23,856,643$0$0$16,258,682
98$26,156,083$0$0$17,828,456
99$28,685,846$0$0$19,555,555
100$31,469,294$0$0$21,455,939