Can I retire at age 56 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$71,679$71,040$70,417$69,809$69,216$67,929
2 years$35,484$34,824$34,183$33,562$32,960$31,669
3 years$23,421$22,758$22,119$21,504$20,911$19,655
4 years$17,391$16,729$16,097$15,492$14,914$13,703
5 years$13,774$13,116$12,492$11,899$11,337$10,175
6 years$11,363$10,710$10,095$9,516$8,971$7,859
7 years$9,642$8,994$8,389$7,824$7,296$6,234
8 years$8,351$7,710$7,115$6,563$6,052$5,040
9 years$7,348$6,713$6,128$5,590$5,097$4,134
10 years$6,546$5,917$5,342$4,819$4,343$3,428
11 years$5,890$5,268$4,703$4,194$3,735$2,868
12 years$5,344$4,728$4,174$3,679$3,237$2,416
13 years$4,883$4,273$3,729$3,248$2,823$2,046
14 years$4,487$3,884$3,351$2,883$2,474$1,741
15 years$4,145$3,548$3,025$2,571$2,178$1,487
16 years$3,846$3,255$2,743$2,302$1,925$1,275
17 years$3,582$2,998$2,496$2,068$1,707$1,095
18 years$3,348$2,770$2,278$1,864$1,518$943
19 years$3,138$2,567$2,086$1,684$1,353$814
20 years$2,950$2,386$1,914$1,525$1,208$704
21 years$2,780$2,222$1,761$1,384$1,081$609
22 years$2,626$2,074$1,623$1,259$969$528
23 years$2,485$1,940$1,498$1,146$870$458
24 years$2,356$1,818$1,386$1,046$782$397
25 years$2,238$1,706$1,283$955$704$345
26 years$2,129$1,603$1,190$873$634$300
27 years$2,028$1,509$1,105$799$572$261
28 years$1,935$1,422$1,028$732$516$227
29 years$1,848$1,341$956$671$466$198
30 years$1,767$1,267$891$616$421$173
31 years$1,691$1,197$830$566$380$150
32 years$1,621$1,133$775$520$344$131
33 years$1,554$1,073$723$478$311$114
34 years$1,492$1,017$676$440$282$100
35 years$1,434$965$632$405$255$87
36 years$1,379$915$591$373$231$76
37 years$1,327$870$553$344$210$66
38 years$1,277$826$518$317$190$58
39 years$1,231$786$485$292$172$50
40 years$1,187$748$455$269$156$44
41 years$1,145$712$427$249$142$38
42 years$1,105$678$400$229$129$34
43 years$1,067$646$376$212$117$29
44 years$1,031$616$353$196$106$26
45 years$997$587$331$181$96$22
46 years$964$560$311$167$87$19
47 years$933$534$292$154$79$17
48 years$903$510$274$142$72$15
49 years$875$487$258$132$65$13
50 years$847$465$243$122$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $868,000, adding $4,265 every year, while hoping to spend $28,661 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: 54/21/25 Blend
55$868,000$868,000$868,000$868,000
56$960,935$914,931$901,477$1,005,978
57$1,028,456$929,268$901,182$1,051,814
58$1,101,902$943,346$899,916$1,098,365
59$1,181,850$957,124$897,616$1,148,454
60$1,268,930$970,554$894,218$1,202,430
61$1,363,838$983,589$889,651$1,260,677
62$1,467,339$996,174$883,844$1,323,621
63$1,580,276$1,008,255$876,721$1,391,731
64$1,703,575$1,019,770$868,202$1,465,524
65$1,838,257$1,030,656$858,204$1,545,574
66$1,985,445$1,040,844$846,640$1,632,510
67$2,146,377$1,050,262$833,419$1,727,030
68$2,322,414$1,058,832$818,445$1,829,901
69$2,515,056$1,066,470$801,619$1,941,973
70$2,725,953$1,073,088$782,834$2,064,181
71$2,956,924$1,078,594$761,983$2,197,559
72$3,209,972$1,082,886$738,951$2,343,246
73$3,487,300$1,085,859$713,617$2,502,501
74$3,791,339$1,087,400$685,857$2,676,712
75$4,124,762$1,087,389$655,540$2,867,409
76$4,490,515$1,085,698$622,528$3,076,284
77$4,891,843$1,082,193$586,679$3,305,199
78$5,332,321$1,076,731$547,842$3,556,213
79$5,815,885$1,069,158$505,862$3,831,593
80$6,346,872$1,059,313$460,575$4,133,843
81$6,930,060$1,047,026$411,811$4,465,725
82$7,570,710$1,032,115$359,391$4,830,283
83$8,274,621$1,014,387$303,129$5,230,879
84$9,048,180$993,639$242,831$5,671,216
85$9,898,422$969,655$178,294$6,155,384
86$10,833,099$942,207$109,305$6,687,889
87$11,860,753$911,052$35,644$7,273,704
88$12,990,791$875,935$0$7,918,312
89$14,233,581$836,586$0$8,639,221
90$15,600,544$792,716$0$9,442,531
91$17,104,265$744,024$0$10,326,145
92$18,758,607$690,188$0$11,298,243
93$20,578,848$630,870$0$12,367,839
94$22,581,819$565,712$0$13,544,872
95$24,786,068$494,335$0$14,840,294
96$27,212,028$416,339$0$16,266,176
97$29,882,217$331,301$0$17,835,825
98$32,821,443$238,775$0$19,563,904
99$36,057,045$138,289$0$21,466,577
100$39,619,143$29,346$0$23,561,659