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%17.9%
1 years$70,192$69,567$68,957$68,362$67,780$65,611
2 years$34,749$34,101$33,474$32,866$32,276$30,110
3 years$22,936$22,286$21,660$21,058$20,477$18,383
4 years$17,030$16,382$15,763$15,171$14,605$12,598
5 years$13,488$12,844$12,233$11,653$11,102$9,189
6 years$11,127$10,488$9,886$9,319$8,785$6,966
7 years$9,442$8,808$8,215$7,661$7,144$5,421
8 years$8,178$7,550$6,967$6,427$5,927$4,297
9 years$7,196$6,574$6,001$5,474$4,991$3,452
10 years$6,410$5,794$5,232$4,719$4,253$2,803
11 years$5,768$5,158$4,606$4,107$3,658$2,294
12 years$5,234$4,630$4,088$3,602$3,170$1,890
13 years$4,781$4,184$3,652$3,180$2,764$1,565
14 years$4,394$3,803$3,281$2,823$2,423$1,301
15 years$4,059$3,474$2,963$2,518$2,133$1,085
16 years$3,766$3,188$2,686$2,254$1,885$908
17 years$3,507$2,936$2,444$2,026$1,672$761
18 years$3,278$2,713$2,231$1,825$1,486$639
19 years$3,073$2,514$2,043$1,649$1,325$538
20 years$2,889$2,336$1,875$1,494$1,183$453
21 years$2,722$2,176$1,724$1,356$1,059$382
22 years$2,571$2,031$1,589$1,233$949$322
23 years$2,433$1,900$1,467$1,123$852$272
24 years$2,307$1,780$1,357$1,024$766$230
25 years$2,191$1,670$1,257$935$689$195
26 years$2,085$1,570$1,166$855$621$165
27 years$1,986$1,478$1,082$783$560$139
28 years$1,894$1,392$1,006$717$505$118
29 years$1,809$1,313$936$658$456$100
30 years$1,730$1,240$872$603$412$85
31 years$1,656$1,173$813$554$373$72
32 years$1,587$1,109$759$509$337$61
33 years$1,522$1,051$708$468$305$51
34 years$1,461$996$662$431$276$44
35 years$1,404$945$619$397$250$37
36 years$1,350$897$579$365$227$31
37 years$1,299$851$542$337$205$27
38 years$1,251$809$507$310$186$23
39 years$1,205$769$475$286$169$19
40 years$1,162$732$446$264$153$16
41 years$1,121$697$418$243$139$14
42 years$1,082$664$392$225$126$12
43 years$1,045$632$368$207$114$10
44 years$1,010$603$345$192$104$8
45 years$976$575$324$177$94$7
46 years$944$548$304$163$86$6
47 years$914$523$286$151$78$5
48 years$885$500$269$139$71$4
49 years$857$477$253$129$64$4
50 years$830$456$238$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $850,000, adding $3,665 every year, while hoping to spend $42,348 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: 61/30/9 Blend
55$850,000$850,000$850,000$850,000
56$940,480$895,430$882,255$995,763
57$991,352$894,249$866,753$1,032,049
58$1,045,992$891,590$849,312$1,066,434
59$1,104,742$887,336$829,823$1,102,892
60$1,167,974$881,364$808,170$1,141,626
61$1,236,098$873,542$784,235$1,182,857
62$1,309,564$863,729$757,891$1,226,832
63$1,388,867$851,779$729,007$1,273,826
64$1,474,548$837,533$697,445$1,324,140
65$1,567,206$820,826$663,063$1,378,112
66$1,667,495$801,481$625,711$1,436,111
67$1,776,138$779,311$585,230$1,498,551
68$1,893,927$754,120$541,458$1,565,887
69$2,021,734$725,699$494,223$1,638,623
70$2,160,518$693,825$443,347$1,717,318
71$2,311,334$658,266$388,642$1,802,590
72$2,475,342$618,773$329,914$1,895,124
73$2,653,818$575,084$266,958$1,995,676
74$2,848,168$526,924$199,562$2,105,083
75$3,059,938$474,000$127,503$2,224,273
76$3,290,827$416,001$50,550$2,354,270
77$3,542,708$352,602$0$2,496,207
78$3,817,642$283,457$0$2,654,369
79$4,117,897$208,202$0$2,832,488
80$4,445,970$126,452$0$3,027,262
81$4,804,610$37,799$0$3,240,410
82$5,196,843$0$0$3,473,831
83$5,626,003$0$0$3,748,833
84$6,095,758$0$0$4,063,569
85$6,610,148$0$0$4,408,278
86$7,173,624$0$0$4,785,949
87$7,791,086$0$0$5,199,876
88$8,467,930$0$0$5,653,684
89$9,210,100$0$0$6,151,369
90$10,024,142$0$0$6,697,329
91$10,917,267$0$0$7,296,411
92$11,897,416$0$0$7,953,951
93$12,973,338$0$0$8,675,830
94$14,154,670$0$0$9,468,524
95$15,452,025$0$0$10,339,167
96$16,877,099$0$0$11,295,618
97$18,442,773$0$0$12,346,536
98$20,163,238$0$0$13,501,458
99$22,054,128$0$0$14,770,893
100$24,132,668$0$0$16,166,418