Can I retire at age 56 with 869,000?

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 $869,000?

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$71,761$71,122$70,498$69,890$69,295$67,785
2 years$35,525$34,864$34,223$33,601$32,998$31,484
3 years$23,448$22,784$22,144$21,528$20,935$19,465
4 years$17,411$16,749$16,115$15,510$14,931$13,516
5 years$13,790$13,131$12,506$11,913$11,350$9,994
6 years$11,376$10,722$10,107$9,527$8,981$7,685
7 years$9,653$9,005$8,399$7,833$7,304$6,069
8 years$8,361$7,719$7,123$6,571$6,059$4,884
9 years$7,357$6,721$6,135$5,597$5,103$3,987
10 years$6,554$5,924$5,349$4,824$4,348$3,290
11 years$5,897$5,274$4,709$4,199$3,739$2,738
12 years$5,350$4,733$4,179$3,683$3,240$2,294
13 years$4,888$4,278$3,734$3,251$2,826$1,933
14 years$4,492$3,888$3,355$2,886$2,477$1,636
15 years$4,150$3,552$3,029$2,574$2,181$1,390
16 years$3,850$3,259$2,746$2,305$1,928$1,184
17 years$3,586$3,001$2,499$2,071$1,709$1,012
18 years$3,351$2,773$2,281$1,866$1,520$866
19 years$3,142$2,570$2,088$1,686$1,355$743
20 years$2,953$2,388$1,916$1,527$1,210$639
21 years$2,783$2,225$1,763$1,386$1,083$549
22 years$2,629$2,077$1,625$1,260$970$473
23 years$2,488$1,942$1,500$1,148$871$408
24 years$2,359$1,820$1,387$1,047$783$352
25 years$2,240$1,708$1,285$956$705$304
26 years$2,131$1,605$1,192$874$635$262
27 years$2,030$1,511$1,107$800$572$227
28 years$1,937$1,423$1,029$733$516$196
29 years$1,850$1,343$957$672$466$170
30 years$1,769$1,268$892$617$421$147
31 years$1,693$1,199$831$567$381$127
32 years$1,623$1,134$776$521$345$110
33 years$1,556$1,074$724$479$312$95
34 years$1,494$1,018$677$441$282$83
35 years$1,435$966$633$406$256$72
36 years$1,380$917$592$374$232$62
37 years$1,328$871$554$344$210$54
38 years$1,279$827$519$317$190$47
39 years$1,232$787$486$292$173$40
40 years$1,188$748$456$270$157$35
41 years$1,146$712$427$249$142$30
42 years$1,106$679$401$230$129$26
43 years$1,069$646$376$212$117$23
44 years$1,032$616$353$196$106$20
45 years$998$588$331$181$96$17
46 years$965$561$311$167$88$15
47 years$934$535$292$154$79$13
48 years$904$511$275$143$72$11
49 years$876$488$258$132$66$10
50 years$848$466$243$122$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $869,000, adding $5,746 every year, while hoping to spend $58,325 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: 69/22/9 Blend
55$869,000$869,000$869,000$869,000
56$963,565$917,508$904,038$1,028,008
57$999,791$900,409$872,266$1,054,375
58$1,037,758$880,516$837,475$1,075,582
59$1,077,581$857,633$799,502$1,097,219
60$1,119,385$831,549$758,177$1,119,318
61$1,163,309$802,041$713,322$1,141,915
62$1,209,499$768,874$664,751$1,165,052
63$1,258,119$731,799$612,271$1,188,776
64$1,309,343$690,553$555,678$1,213,141
65$1,363,363$644,857$494,760$1,238,209
66$1,420,388$594,417$429,297$1,264,051
67$1,480,645$538,921$359,056$1,290,746
68$1,544,382$478,040$283,796$1,318,384
69$1,611,872$411,427$203,265$1,347,070
70$1,683,409$338,713$117,201$1,376,918
71$1,759,317$259,510$25,328$1,408,059
72$1,839,951$173,409$0$1,440,642
73$1,925,696$79,977$0$1,481,817
74$2,016,976$0$0$1,527,836
75$2,114,256$0$0$1,581,650
76$2,218,041$0$0$1,659,748
77$2,328,889$0$0$1,743,190
78$2,447,408$0$0$1,832,439
79$2,574,267$0$0$1,928,001
80$2,710,197$0$0$2,030,433
81$2,856,004$0$0$2,140,346
82$3,012,568$0$0$2,258,408
83$3,180,857$0$0$2,385,354
84$3,361,933$0$0$2,521,992
85$3,556,962$0$0$2,669,206
86$3,767,226$0$0$2,827,971
87$3,994,132$0$0$2,999,354
88$4,239,226$0$0$3,184,530
89$4,504,206$0$0$3,384,791
90$4,790,941$0$0$3,601,555
91$5,101,483$0$0$3,836,381
92$5,438,089$0$0$4,090,985
93$5,803,241$0$0$4,367,252
94$6,199,668$0$0$4,667,257
95$6,630,372$0$0$4,993,280
96$7,098,656$0$0$5,347,831
97$7,608,152$0$0$5,733,672
98$8,162,857$0$0$6,153,839
99$8,767,171$0$0$6,611,677
100$9,425,934$0$0$7,110,864