Can I retire at age 56 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$70,770$70,140$69,525$68,925$68,338$67,625
2 years$35,035$34,382$33,750$33,137$32,542$31,823
3 years$23,125$22,469$21,838$21,231$20,646$19,945
4 years$17,171$16,517$15,893$15,296$14,725$14,046
5 years$13,599$12,950$12,333$11,749$11,194$10,540
6 years$11,219$10,574$9,967$9,395$8,857$8,229
7 years$9,519$8,880$8,283$7,725$7,203$6,600
8 years$8,245$7,612$7,025$6,480$5,976$5,399
9 years$7,255$6,628$6,050$5,519$5,032$4,481
10 years$6,463$5,842$5,275$4,758$4,288$3,761
11 years$5,816$5,201$4,644$4,141$3,688$3,186
12 years$5,277$4,668$4,121$3,632$3,196$2,718
13 years$4,821$4,218$3,682$3,206$2,787$2,333
14 years$4,430$3,834$3,308$2,846$2,443$2,012
15 years$4,092$3,503$2,987$2,538$2,151$1,742
16 years$3,797$3,214$2,708$2,273$1,901$1,514
17 years$3,536$2,960$2,464$2,042$1,686$1,320
18 years$3,305$2,735$2,250$1,840$1,499$1,153
19 years$3,098$2,535$2,059$1,663$1,336$1,010
20 years$2,913$2,355$1,890$1,506$1,193$886
21 years$2,745$2,194$1,738$1,367$1,068$778
22 years$2,592$2,048$1,602$1,243$957$685
23 years$2,453$1,915$1,479$1,132$859$603
24 years$2,326$1,795$1,368$1,032$772$532
25 years$2,209$1,684$1,267$943$695$470
26 years$2,102$1,583$1,175$862$626$415
27 years$2,002$1,490$1,091$789$564$367
28 years$1,910$1,404$1,015$723$509$324
29 years$1,824$1,324$944$663$460$287
30 years$1,744$1,251$879$608$415$254
31 years$1,670$1,182$820$559$376$225
32 years$1,600$1,119$765$514$340$200
33 years$1,535$1,059$714$472$307$177
34 years$1,473$1,004$667$435$278$157
35 years$1,416$952$624$400$252$139
36 years$1,361$904$584$368$228$124
37 years$1,310$858$546$339$207$110
38 years$1,261$816$512$313$188$97
39 years$1,215$776$479$288$170$86
40 years$1,172$738$449$266$154$77
41 years$1,130$703$421$245$140$68
42 years$1,091$669$395$227$127$60
43 years$1,054$638$371$209$115$54
44 years$1,018$608$348$193$105$48
45 years$984$580$327$178$95$42
46 years$952$553$307$165$86$38
47 years$921$528$288$152$78$33
48 years$892$504$271$141$71$30
49 years$864$481$255$130$65$26
50 years$837$459$239$120$59$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $857,000, adding $6,509 every year, while hoping to spend $25,669 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: 37/33/30 Blend
55$857,000$857,000$857,000$857,000
56$951,128$905,707$892,424$977,608
57$1,020,831$922,775$895,008$1,014,915
58$1,096,784$939,819$896,819$1,052,401
59$1,179,597$956,811$897,803$1,092,411
60$1,269,941$973,720$897,905$1,135,191
61$1,368,556$990,513$897,066$1,181,014
62$1,476,256$1,007,156$895,224$1,230,180
63$1,593,937$1,023,609$892,317$1,283,021
64$1,722,585$1,039,832$888,276$1,339,905
65$1,863,285$1,055,781$883,030$1,401,238
66$2,017,235$1,071,409$876,507$1,467,467
67$2,185,751$1,086,665$868,627$1,539,089
68$2,370,282$1,101,496$859,310$1,616,650
69$2,572,425$1,115,844$848,471$1,700,755
70$2,793,938$1,129,646$836,021$1,792,072
71$3,036,758$1,142,837$821,866$1,891,340
72$3,303,018$1,155,346$805,909$1,999,372
73$3,595,066$1,167,099$788,048$2,117,070
74$3,915,490$1,178,014$768,174$2,245,427
75$4,267,140$1,188,006$746,178$2,385,541
76$4,653,154$1,196,985$721,941$2,538,624
77$5,076,991$1,204,853$695,342$2,706,015
78$5,542,460$1,211,506$666,251$2,889,191
79$6,053,757$1,216,836$634,536$3,089,785
80$6,615,503$1,220,724$600,057$3,309,596
81$7,232,792$1,223,047$562,667$3,550,613
82$7,911,234$1,223,673$522,213$3,815,031
83$8,657,008$1,222,462$478,536$4,105,271
84$9,476,925$1,219,265$431,468$4,424,007
85$10,378,486$1,213,923$380,837$4,774,189
86$11,369,955$1,206,269$326,459$5,159,072
87$12,460,440$1,196,125$268,144$5,582,250
88$13,659,973$1,183,303$205,695$6,047,686
89$14,979,608$1,167,603$138,904$6,559,754
90$16,431,525$1,148,812$67,554$7,123,280
91$18,029,143$1,126,707$0$7,743,589
92$19,787,249$1,101,049$0$8,429,302
93$21,722,134$1,071,586$0$9,207,406
94$23,851,750$1,038,052$0$10,063,481
95$26,195,876$1,000,164$0$11,005,492
96$28,776,308$957,625$0$12,042,224
97$31,617,060$910,117$0$13,183,356
98$34,744,594$857,307$0$14,439,564
99$38,188,068$798,840$0$15,822,612
100$41,979,612$734,344$0$17,345,470