Can I retire at age 56 with 853,000?

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 $853,000?

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$70,440$69,813$69,200$68,603$68,019$66,537
2 years$34,871$34,222$33,592$32,982$32,390$30,904
3 years$23,017$22,364$21,737$21,132$20,550$19,107
4 years$17,090$16,440$15,819$15,224$14,656$13,267
5 years$13,536$12,889$12,276$11,694$11,141$9,810
6 years$11,167$10,525$9,921$9,352$8,816$7,544
7 years$9,475$8,839$8,244$7,688$7,170$5,957
8 years$8,207$7,577$6,992$6,450$5,948$4,794
9 years$7,221$6,597$6,022$5,494$5,009$3,913
10 years$6,433$5,815$5,250$4,736$4,268$3,229
11 years$5,789$5,177$4,622$4,121$3,671$2,688
12 years$5,252$4,646$4,102$3,615$3,181$2,252
13 years$4,798$4,199$3,665$3,192$2,774$1,898
14 years$4,410$3,817$3,293$2,833$2,431$1,606
15 years$4,073$3,487$2,973$2,527$2,141$1,364
16 years$3,779$3,199$2,696$2,262$1,892$1,163
17 years$3,520$2,946$2,453$2,033$1,678$993
18 years$3,290$2,722$2,239$1,832$1,492$851
19 years$3,084$2,523$2,050$1,655$1,330$730
20 years$2,899$2,344$1,881$1,499$1,188$627
21 years$2,732$2,184$1,730$1,361$1,063$539
22 years$2,580$2,038$1,595$1,237$953$464
23 years$2,442$1,907$1,472$1,127$855$400
24 years$2,315$1,786$1,362$1,028$769$345
25 years$2,199$1,676$1,261$938$692$298
26 years$2,092$1,575$1,170$858$623$258
27 years$1,993$1,483$1,086$785$562$223
28 years$1,901$1,397$1,010$720$507$193
29 years$1,816$1,318$940$660$458$167
30 years$1,736$1,245$875$606$414$144
31 years$1,662$1,177$816$556$374$125
32 years$1,593$1,113$761$511$338$108
33 years$1,528$1,054$711$470$306$94
34 years$1,466$999$664$432$277$81
35 years$1,409$948$621$398$251$70
36 years$1,355$900$581$367$227$61
37 years$1,304$854$544$338$206$53
38 years$1,255$812$509$311$187$46
39 years$1,210$772$477$287$169$40
40 years$1,166$735$447$265$154$34
41 years$1,125$699$419$244$139$30
42 years$1,086$666$393$225$127$26
43 years$1,049$635$369$208$115$22
44 years$1,013$605$346$192$104$19
45 years$980$577$325$177$95$17
46 years$948$550$306$164$86$15
47 years$917$525$287$151$78$13
48 years$888$501$270$140$71$11
49 years$860$479$254$129$64$10
50 years$833$457$238$120$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $853,000, adding $5,297 every year, while hoping to spend $52,282 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: 34/48/18 Blend
55$853,000$853,000$853,000$853,000
56$945,470$900,261$887,039$972,213
57$986,280$888,746$861,128$980,809
58$1,029,501$874,915$832,595$984,844
59$1,075,322$858,598$801,300$988,091
60$1,123,954$839,618$767,092$990,511
61$1,175,622$817,784$729,814$992,065
62$1,230,577$792,897$689,305$992,715
63$1,289,091$764,744$645,391$992,426
64$1,351,463$733,101$597,897$991,163
65$1,418,019$697,730$546,633$988,894
66$1,489,119$658,381$491,407$985,591
67$1,565,154$614,786$432,015$981,229
68$1,646,556$566,667$368,243$975,789
69$1,733,795$513,725$299,870$969,258
70$1,827,391$455,646$226,665$961,627
71$1,927,912$392,099$148,384$952,899
72$2,035,980$322,733$64,777$943,083
73$2,152,281$247,178$0$932,201
74$2,277,567$165,043$0$924,982
75$2,412,663$75,914$0$930,360
76$2,558,476$0$0$936,001
77$2,716,004$0$0$952,951
78$2,886,341$0$0$1,014,736
79$3,070,692$0$0$1,081,707
80$3,270,380$0$0$1,154,358
81$3,486,860$0$0$1,233,232
82$3,721,732$0$0$1,318,928
83$3,976,756$0$0$1,412,101
84$4,253,869$0$0$1,513,475
85$4,555,198$0$0$1,623,846
86$4,883,087$0$0$1,744,088
87$5,240,114$0$0$1,875,166
88$5,629,115$0$0$2,018,138
89$6,053,210$0$0$2,174,172
90$6,515,836$0$0$2,344,553
91$7,020,773$0$0$2,530,694
92$7,572,185$0$0$2,734,151
93$8,174,651$0$0$2,956,639
94$8,833,218$0$0$3,200,044
95$9,553,439$0$0$3,466,445
96$10,341,427$0$0$3,758,127
97$11,203,917$0$0$4,077,612
98$12,148,322$0$0$4,427,673
99$13,182,807$0$0$4,811,366
100$14,316,364$0$0$5,232,056