Can I retire at age 56 with 852,000?

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 $852,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$70,357$69,731$69,119$68,522$67,940$65,897
2 years$34,830$34,182$33,553$32,943$32,352$30,311
3 years$22,990$22,338$21,711$21,107$20,526$18,551
4 years$17,070$16,421$15,800$15,207$14,639$12,745
5 years$13,520$12,874$12,262$11,680$11,128$9,321
6 years$11,153$10,513$9,909$9,341$8,805$7,086
7 years$9,464$8,829$8,235$7,679$7,161$5,529
8 years$8,197$7,568$6,984$6,442$5,941$4,395
9 years$7,213$6,589$6,015$5,487$5,003$3,543
10 years$6,425$5,808$5,244$4,730$4,263$2,885
11 years$5,782$5,170$4,617$4,117$3,666$2,369
12 years$5,246$4,641$4,097$3,611$3,177$1,958
13 years$4,793$4,194$3,661$3,188$2,770$1,627
14 years$4,405$3,812$3,289$2,830$2,429$1,357
15 years$4,068$3,482$2,970$2,524$2,138$1,136
16 years$3,775$3,195$2,692$2,260$1,890$954
17 years$3,516$2,943$2,450$2,030$1,676$802
18 years$3,286$2,719$2,236$1,830$1,490$677
19 years$3,080$2,520$2,047$1,653$1,328$571
20 years$2,896$2,342$1,879$1,497$1,186$483
21 years$2,729$2,181$1,728$1,359$1,062$409
22 years$2,577$2,036$1,593$1,236$951$346
23 years$2,439$1,904$1,471$1,125$854$294
24 years$2,313$1,784$1,360$1,026$768$249
25 years$2,197$1,674$1,260$937$691$212
26 years$2,090$1,574$1,168$857$622$180
27 years$1,991$1,481$1,085$784$561$153
28 years$1,899$1,396$1,009$719$506$130
29 years$1,814$1,317$939$659$457$110
30 years$1,734$1,243$874$605$413$94
31 years$1,660$1,175$815$556$373$80
32 years$1,591$1,112$760$511$338$68
33 years$1,526$1,053$710$469$306$58
34 years$1,465$998$663$432$277$49
35 years$1,407$947$620$398$251$42
36 years$1,353$899$580$366$227$36
37 years$1,302$853$543$337$206$30
38 years$1,254$811$509$311$187$26
39 years$1,208$771$476$287$169$22
40 years$1,165$734$447$265$154$19
41 years$1,124$699$419$244$139$16
42 years$1,085$665$393$225$126$14
43 years$1,048$634$369$208$115$12
44 years$1,012$604$346$192$104$10
45 years$979$576$325$177$95$8
46 years$947$550$305$164$86$7
47 years$916$525$287$151$78$6
48 years$887$501$269$140$71$5
49 years$859$478$253$129$64$4
50 years$832$457$238$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $852,000, adding $2,806 every year, while hoping to spend $29,903 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: 55/26/19 Blend
55$852,000$852,000$852,000$852,000
56$941,798$896,642$883,436$988,633
57$1,006,045$908,761$881,215$1,033,052
58$1,075,843$920,472$877,917$1,077,978
59$1,151,727$931,722$873,475$1,126,245
60$1,234,284$942,458$867,817$1,178,180
61$1,324,162$952,619$860,870$1,234,145
62$1,422,073$962,144$852,556$1,294,540
63$1,528,800$970,966$842,792$1,359,804
64$1,645,207$979,012$831,495$1,430,425
65$1,772,242$986,207$818,574$1,506,940
66$1,910,950$992,471$803,935$1,589,941
67$2,062,481$997,716$787,482$1,680,084
68$2,228,102$1,001,852$769,110$1,778,090
69$2,409,207$1,004,781$748,713$1,884,757
70$2,607,330$1,006,399$726,179$2,000,965
71$2,824,161$1,006,597$701,390$2,127,686
72$3,061,563$1,005,257$674,224$2,265,991
73$3,321,583$1,002,255$644,551$2,417,064
74$3,606,479$997,461$612,238$2,582,211
75$3,918,737$990,733$577,145$2,762,872
76$4,261,094$981,924$539,125$2,960,638
77$4,636,564$970,877$498,024$3,177,262
78$5,048,468$957,426$453,683$3,414,682
79$5,500,465$941,392$405,935$3,675,032
80$5,996,582$922,590$354,603$3,960,671
81$6,541,259$900,822$299,507$4,274,197
82$7,139,382$875,877$240,456$4,618,479
83$7,796,338$847,534$177,250$4,996,681
84$8,518,058$815,557$109,682$5,412,296
85$9,311,079$779,698$37,535$5,869,172
86$10,182,599$739,694$0$6,371,559
87$11,140,551$695,265$0$6,932,140
88$12,193,672$646,119$0$7,556,725
89$13,351,591$591,943$0$8,243,446
90$14,624,913$532,408$0$8,998,642
91$16,025,326$467,167$0$9,829,300
92$17,565,704$395,853$0$10,743,124
93$19,260,232$318,077$0$11,748,606
94$21,124,542$233,429$0$12,855,106
95$23,175,854$141,475$0$14,072,944
96$25,433,143$41,760$0$15,413,496
97$27,917,316$0$0$16,889,301
98$30,651,410$0$0$18,533,123
99$33,660,806$0$0$20,355,710
100$36,973,474$0$0$22,362,066