Can I retire at age 56 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$70,523$69,894$69,281$68,683$68,099$65,999
2 years$34,912$34,262$33,632$33,021$32,428$30,330
3 years$23,044$22,391$21,762$21,157$20,574$18,544
4 years$17,110$16,459$15,837$15,242$14,673$12,728
5 years$13,551$12,904$12,290$11,708$11,154$9,298
6 years$11,180$10,537$9,932$9,363$8,826$7,061
7 years$9,486$8,849$8,254$7,697$7,178$5,503
8 years$8,217$7,585$7,000$6,457$5,955$4,370
9 years$7,230$6,605$6,029$5,500$5,015$3,518
10 years$6,441$5,822$5,256$4,741$4,273$2,862
11 years$5,795$5,183$4,628$4,126$3,675$2,347
12 years$5,258$4,652$4,107$3,619$3,185$1,937
13 years$4,804$4,204$3,669$3,195$2,777$1,607
14 years$4,415$3,821$3,297$2,836$2,434$1,339
15 years$4,078$3,491$2,977$2,530$2,143$1,119
16 years$3,784$3,203$2,699$2,265$1,894$938
17 years$3,524$2,949$2,456$2,035$1,680$788
18 years$3,294$2,725$2,242$1,834$1,493$663
19 years$3,088$2,526$2,052$1,657$1,331$559
20 years$2,902$2,347$1,883$1,501$1,189$472
21 years$2,735$2,186$1,732$1,362$1,064$399
22 years$2,583$2,041$1,597$1,239$954$338
23 years$2,445$1,909$1,474$1,128$856$286
24 years$2,318$1,788$1,363$1,029$770$242
25 years$2,202$1,678$1,263$940$692$205
26 years$2,094$1,577$1,171$859$624$174
27 years$1,995$1,484$1,088$786$562$148
28 years$1,903$1,399$1,011$720$507$125
29 years$1,818$1,320$941$661$458$106
30 years$1,738$1,246$876$606$414$90
31 years$1,664$1,178$817$557$374$77
32 years$1,595$1,115$762$512$339$65
33 years$1,529$1,056$712$471$306$55
34 years$1,468$1,001$665$433$277$47
35 years$1,411$949$622$399$251$40
36 years$1,356$901$582$367$228$34
37 years$1,305$855$544$338$206$29
38 years$1,257$813$510$312$187$25
39 years$1,211$773$478$287$170$21
40 years$1,168$736$448$265$154$18
41 years$1,126$700$420$245$140$15
42 years$1,087$667$394$226$127$13
43 years$1,050$635$369$208$115$11
44 years$1,015$606$347$192$104$9
45 years$981$577$326$178$95$8
46 years$949$551$306$164$86$7
47 years$918$526$287$152$78$6
48 years$889$502$270$140$71$5
49 years$861$479$254$130$64$4
50 years$834$458$239$120$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $854,000, adding $5,911 every year, while hoping to spend $23,503 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: 43/43/14 Blend
55$854,000$854,000$854,000$854,000
56$947,205$901,943$888,706$983,845
57$1,018,813$921,131$893,471$1,029,287
58$1,096,937$940,472$897,607$1,075,684
59$1,182,218$959,948$901,070$1,125,438
60$1,275,358$979,540$903,810$1,178,866
61$1,377,135$999,228$905,778$1,236,319
62$1,488,401$1,018,988$906,920$1,298,184
63$1,610,097$1,038,797$907,180$1,364,887
64$1,743,256$1,058,628$906,500$1,436,899
65$1,889,019$1,078,451$904,819$1,514,737
66$2,048,640$1,098,237$902,072$1,598,973
67$2,223,502$1,117,950$898,191$1,690,236
68$2,415,125$1,137,556$893,107$1,789,221
69$2,625,185$1,157,014$886,744$1,896,694
70$2,855,529$1,176,283$879,025$2,013,499
71$3,108,189$1,195,317$869,868$2,140,567
72$3,385,405$1,214,067$859,189$2,278,926
73$3,689,642$1,232,482$846,897$2,429,707
74$4,023,617$1,250,506$832,900$2,594,159
75$4,390,324$1,268,078$817,100$2,773,659
76$4,793,057$1,285,134$799,393$2,969,726
77$5,235,450$1,301,607$779,674$3,184,034
78$5,721,502$1,317,421$757,829$3,418,430
79$6,255,620$1,332,500$733,741$3,674,948
80$6,842,660$1,346,759$707,288$3,955,836
81$7,487,970$1,360,110$678,341$4,263,568
82$8,197,444$1,372,456$646,767$4,600,876
83$8,977,574$1,383,697$612,424$4,970,768
84$9,835,513$1,393,724$575,166$5,376,566
85$10,779,142$1,402,423$534,841$5,821,930
86$11,817,143$1,409,671$491,287$6,310,895
87$12,959,084$1,415,337$444,338$6,847,914
88$14,215,506$1,419,284$393,818$7,437,892
89$15,598,023$1,421,364$339,547$8,086,240
90$17,119,432$1,421,421$281,331$8,798,925
91$18,793,832$1,419,289$218,974$9,582,525
92$20,636,760$1,414,791$152,267$10,444,291
93$22,665,334$1,407,740$80,992$11,392,220
94$24,898,416$1,397,938$4,924$12,435,129
95$27,356,792$1,385,174$0$13,582,736
96$30,063,362$1,369,225$0$14,857,148
97$33,043,361$1,349,854$0$16,260,315
98$36,324,598$1,326,810$0$17,804,563
99$39,937,710$1,299,828$0$19,504,291
100$43,916,463$1,268,625$0$21,375,370