Can I retire at age 56 with 851,000?

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 $851,000?

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$70,275$69,649$69,038$68,442$67,860$67,319
2 years$34,789$34,142$33,514$32,905$32,314$31,769
3 years$22,963$22,312$21,686$21,082$20,501$19,969
4 years$17,050$16,402$15,782$15,189$14,622$14,106
5 years$13,504$12,859$12,247$11,666$11,115$10,618
6 years$11,140$10,500$9,897$9,330$8,795$8,316
7 years$9,453$8,818$8,225$7,670$7,153$6,693
8 years$8,188$7,559$6,975$6,435$5,934$5,493
9 years$7,204$6,581$6,008$5,481$4,997$4,575
10 years$6,418$5,801$5,238$4,725$4,258$3,855
11 years$5,775$5,164$4,611$4,112$3,662$3,277
12 years$5,240$4,635$4,092$3,607$3,173$2,807
13 years$4,787$4,189$3,656$3,184$2,767$2,418
14 years$4,399$3,808$3,285$2,826$2,426$2,094
15 years$4,064$3,478$2,966$2,521$2,136$1,820
16 years$3,770$3,191$2,689$2,257$1,888$1,588
17 years$3,512$2,939$2,447$2,028$1,674$1,390
18 years$3,282$2,716$2,234$1,828$1,488$1,220
19 years$3,077$2,517$2,045$1,651$1,326$1,073
20 years$2,892$2,339$1,877$1,496$1,185$945
21 years$2,726$2,179$1,726$1,357$1,060$834
22 years$2,574$2,034$1,591$1,234$950$737
23 years$2,436$1,902$1,469$1,124$853$653
24 years$2,310$1,782$1,359$1,025$767$578
25 years$2,194$1,672$1,258$936$690$513
26 years$2,087$1,572$1,167$856$622$455
27 years$1,988$1,479$1,084$784$560$404
28 years$1,897$1,394$1,007$718$506$359
29 years$1,812$1,315$938$658$457$320
30 years$1,732$1,242$873$604$413$284
31 years$1,658$1,174$814$555$373$253
32 years$1,589$1,111$760$510$337$226
33 years$1,524$1,052$709$469$305$201
34 years$1,463$997$663$431$276$179
35 years$1,406$946$620$397$250$160
36 years$1,352$898$580$366$227$142
37 years$1,301$852$542$337$206$127
38 years$1,252$810$508$311$186$113
39 years$1,207$770$476$286$169$101
40 years$1,163$733$446$264$153$90
41 years$1,122$698$418$244$139$81
42 years$1,083$664$392$225$126$72
43 years$1,046$633$368$208$115$64
44 years$1,011$603$346$192$104$57
45 years$977$575$325$177$94$51
46 years$945$549$305$164$86$46
47 years$915$524$286$151$78$41
48 years$886$500$269$140$71$36
49 years$858$478$253$129$64$33
50 years$831$456$238$119$58$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $851,000, adding $5,325 every year, while hoping to spend $52,502 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: 84/11/5 Blend
55$851,000$851,000$851,000$851,000
56$943,295$898,192$885,001$1,022,054
57$983,649$886,341$858,787$1,062,378
58$1,026,360$872,151$829,935$1,098,949
59$1,071,612$855,450$798,301$1,137,445
60$1,119,608$836,058$763,736$1,178,024
61$1,170,568$813,785$726,081$1,220,860
62$1,224,734$788,429$685,173$1,266,145
63$1,282,370$759,775$640,839$1,314,091
64$1,343,766$727,597$592,901$1,364,930
65$1,409,237$691,657$541,171$1,418,918
66$1,479,131$651,700$485,452$1,476,337
67$1,553,829$607,460$425,541$1,537,498
68$1,633,746$558,652$361,223$1,602,742
69$1,719,340$504,977$292,275$1,672,448
70$1,811,111$446,120$218,465$1,747,029
71$1,909,609$381,745$139,549$1,826,945
72$2,015,438$311,499$55,272$1,912,700
73$2,129,259$235,009$0$2,004,850
74$2,251,800$151,880$0$2,105,858
75$2,383,858$61,698$0$2,217,819
76$2,526,312$0$0$2,338,541
77$2,680,124$0$0$2,473,217
78$2,846,352$0$0$2,626,848
79$3,026,161$0$0$2,793,043
80$3,220,829$0$0$2,972,984
81$3,431,762$0$0$3,167,974
82$3,660,506$0$0$3,379,442
83$3,908,761$0$0$3,608,963
84$4,178,397$0$0$3,858,267
85$4,471,471$0$0$4,129,257
86$4,790,245$0$0$4,424,028
87$5,137,208$0$0$4,744,884
88$5,515,099$0$0$5,094,359
89$5,926,934$0$0$5,475,244
90$6,376,028$0$0$5,890,608
91$6,866,033$0$0$6,343,833
92$7,400,968$0$0$6,838,635
93$7,985,256$0$0$7,379,112
94$8,623,767$0$0$7,969,769
95$9,321,862$0$0$8,615,570
96$10,085,446$0$0$9,321,979
97$10,921,016$0$0$10,095,012
98$11,835,730$0$0$10,941,292
99$12,837,470$0$0$11,868,116
100$13,934,914$0$0$12,883,517