Can I retire at age 56 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$70,935$70,304$69,687$69,085$68,498$66,951
2 years$35,117$34,463$33,829$33,214$32,618$31,068
3 years$23,178$22,522$21,889$21,281$20,694$19,189
4 years$17,211$16,556$15,930$15,331$14,759$13,311
5 years$13,631$12,980$12,362$11,776$11,220$9,832
6 years$11,245$10,599$9,991$9,417$8,878$7,552
7 years$9,542$8,901$8,302$7,743$7,220$5,957
8 years$8,265$7,630$7,041$6,495$5,990$4,789
9 years$7,272$6,643$6,064$5,532$5,044$3,904
10 years$6,478$5,856$5,287$4,769$4,298$3,218
11 years$5,829$5,213$4,655$4,150$3,696$2,675
12 years$5,289$4,679$4,131$3,640$3,203$2,238
13 years$4,832$4,228$3,691$3,214$2,793$1,883
14 years$4,441$3,843$3,316$2,853$2,449$1,592
15 years$4,102$3,511$2,994$2,544$2,156$1,350
16 years$3,806$3,221$2,714$2,278$1,905$1,149
17 years$3,545$2,967$2,470$2,047$1,689$980
18 years$3,313$2,741$2,255$1,845$1,502$838
19 years$3,106$2,541$2,064$1,667$1,339$718
20 years$2,919$2,361$1,894$1,510$1,196$616
21 years$2,751$2,199$1,742$1,370$1,070$529
22 years$2,598$2,053$1,606$1,246$959$455
23 years$2,459$1,920$1,483$1,135$861$392
24 years$2,332$1,799$1,371$1,035$774$337
25 years$2,215$1,688$1,270$945$696$291
26 years$2,107$1,587$1,178$864$627$251
27 years$2,007$1,493$1,094$791$566$216
28 years$1,915$1,407$1,017$725$510$187
29 years$1,829$1,327$946$665$461$161
30 years$1,749$1,254$881$610$416$139
31 years$1,674$1,185$822$560$376$121
32 years$1,604$1,121$767$515$341$104
33 years$1,538$1,062$716$473$308$90
34 years$1,477$1,006$669$436$279$78
35 years$1,419$955$625$401$253$67
36 years$1,364$906$585$369$229$58
37 years$1,313$860$548$340$208$50
38 years$1,264$818$513$314$188$44
39 years$1,218$778$480$289$171$38
40 years$1,174$740$450$267$155$33
41 years$1,133$704$422$246$140$28
42 years$1,094$671$396$227$127$24
43 years$1,056$639$372$210$116$21
44 years$1,021$609$349$194$105$18
45 years$987$581$328$179$95$16
46 years$954$554$308$165$87$14
47 years$923$529$289$153$79$12
48 years$894$505$272$141$71$10
49 years$866$482$255$130$65$9
50 years$839$461$240$120$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $859,000, adding $6,888 every year, while hoping to spend $33,192 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: 72/15/13 Blend
55$859,000$859,000$859,000$859,000
56$953,723$908,196$894,881$1,019,253
57$1,015,687$917,382$889,544$1,072,758
58$1,082,858$925,905$882,915$1,126,600
59$1,155,734$933,698$874,917$1,184,672
60$1,234,859$940,690$865,467$1,247,384
61$1,320,834$946,803$854,480$1,315,190
62$1,414,319$951,956$841,865$1,388,588
63$1,516,041$956,063$827,528$1,468,128
64$1,626,798$959,031$811,371$1,554,418
65$1,747,470$960,763$793,291$1,648,125
66$1,879,025$961,153$773,179$1,749,987
67$2,022,528$960,092$750,923$1,860,816
68$2,179,152$957,462$726,405$1,981,508
69$2,350,186$953,139$699,500$2,113,052
70$2,537,052$946,989$670,080$2,256,536
71$2,741,313$938,873$638,010$2,413,161
72$2,964,691$928,643$603,148$2,584,251
73$3,209,083$916,139$565,346$2,771,265
74$3,476,575$901,196$524,451$2,975,814
75$3,769,467$883,636$480,301$3,199,672
76$4,090,289$863,271$432,728$3,444,795
77$4,441,831$839,903$381,556$3,713,340
78$4,827,160$813,321$326,602$4,007,686
79$5,249,660$783,303$267,672$4,330,455
80$5,713,054$749,613$204,567$4,684,538
81$6,221,443$712,002$137,079$5,073,123
82$6,779,347$670,207$64,987$5,499,723
83$7,391,741$623,948$0$5,968,213
84$8,064,108$572,931$0$6,484,521
85$8,802,486$516,843$0$7,061,428
86$9,613,528$455,357$0$7,695,136
87$10,504,561$388,122$0$8,391,403
88$11,483,659$314,773$0$9,156,578
89$12,559,715$234,920$0$9,997,656
90$13,742,528$148,153$0$10,922,347
91$15,042,892$54,039$0$11,939,147
92$16,472,700$0$0$13,057,419
93$18,045,054$0$0$14,295,388
94$19,774,391$0$0$15,666,811
95$21,676,616$0$0$17,175,389
96$23,769,253$0$0$18,835,024
97$26,071,609$0$0$20,661,035
98$28,604,960$0$0$22,670,302
99$31,392,745$0$0$24,881,423
100$34,460,791$0$0$27,314,888