Can I retire at age 56 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$72,257$71,613$70,985$70,372$69,774$68,646
2 years$35,771$35,104$34,459$33,833$33,226$32,093
3 years$23,610$22,941$22,297$21,677$21,080$19,977
4 years$17,531$16,864$16,227$15,617$15,034$13,970
5 years$13,885$13,222$12,593$11,995$11,429$10,406
6 years$11,455$10,797$10,177$9,593$9,043$8,063
7 years$9,719$9,067$8,457$7,887$7,355$6,417
8 years$8,419$7,772$7,172$6,616$6,101$5,207
9 years$7,407$6,767$6,177$5,635$5,138$4,286
10 years$6,599$5,965$5,385$4,858$4,378$3,567
11 years$5,938$5,310$4,741$4,228$3,765$2,995
12 years$5,387$4,766$4,208$3,708$3,263$2,533
13 years$4,922$4,307$3,759$3,274$2,845$2,154
14 years$4,523$3,915$3,378$2,906$2,494$1,840
15 years$4,178$3,576$3,050$2,592$2,196$1,579
16 years$3,877$3,281$2,765$2,321$1,941$1,358
17 years$3,611$3,022$2,516$2,085$1,721$1,172
18 years$3,375$2,792$2,297$1,879$1,530$1,014
19 years$3,164$2,588$2,103$1,698$1,364$879
20 years$2,974$2,405$1,930$1,538$1,218$763
21 years$2,802$2,240$1,775$1,396$1,090$663
22 years$2,647$2,091$1,636$1,269$977$578
23 years$2,505$1,956$1,510$1,156$877$503
24 years$2,375$1,832$1,397$1,054$788$439
25 years$2,256$1,720$1,294$963$709$383
26 years$2,146$1,616$1,200$880$639$335
27 years$2,044$1,521$1,114$806$576$293
28 years$1,950$1,433$1,036$738$520$256
29 years$1,863$1,352$964$677$469$224
30 years$1,781$1,277$898$621$424$196
31 years$1,705$1,207$837$571$383$172
32 years$1,634$1,142$781$524$347$151
33 years$1,567$1,082$729$482$314$132
34 years$1,504$1,025$681$444$284$116
35 years$1,445$972$637$408$257$101
36 years$1,390$923$596$376$233$89
37 years$1,337$877$558$347$211$78
38 years$1,288$833$522$319$192$68
39 years$1,241$792$489$295$174$60
40 years$1,196$754$459$272$158$53
41 years$1,154$717$430$251$143$46
42 years$1,114$683$403$231$130$41
43 years$1,076$651$379$214$118$36
44 years$1,040$620$355$197$107$31
45 years$1,005$592$334$182$97$27
46 years$972$564$313$168$88$24
47 years$941$539$294$155$80$21
48 years$911$514$277$144$73$19
49 years$882$491$260$133$66$16
50 years$854$469$244$123$60$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $875,000, adding $5,068 every year, while hoping to spend $39,165 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: 35/50/15 Blend
55$875,000$875,000$875,000$875,000
56$969,478$923,103$909,540$998,755
57$1,026,693$926,663$898,338$1,024,013
58$1,088,432$929,086$885,449$1,047,184
59$1,155,114$930,273$870,774$1,071,339
60$1,227,201$930,122$854,210$1,096,588
61$1,305,200$928,523$835,651$1,123,050
62$1,389,670$925,359$814,984$1,150,863
63$1,481,222$920,508$792,092$1,180,182
64$1,580,532$913,838$766,852$1,211,177
65$1,688,340$905,210$739,135$1,244,043
66$1,805,462$894,477$708,808$1,278,996
67$1,932,796$881,482$675,729$1,316,278
68$2,071,327$866,062$639,753$1,356,161
69$2,222,143$848,039$600,725$1,398,948
70$2,386,437$827,228$558,484$1,444,977
71$2,565,524$803,434$512,865$1,494,626
72$2,760,853$776,447$463,691$1,548,319
73$2,974,014$746,047$410,779$1,606,524
74$3,206,762$712,002$353,939$1,669,768
75$3,461,027$674,065$292,970$1,738,633
76$3,738,932$631,974$227,665$1,813,770
77$4,042,817$585,455$157,806$1,895,904
78$4,375,258$534,216$83,166$1,985,840
79$4,739,091$477,949$3,508$2,084,473
80$5,137,437$416,327$0$2,192,798
81$5,573,735$349,007$0$2,324,967
82$6,051,773$275,626$0$2,470,609
83$6,575,721$195,798$0$2,630,570
84$7,150,171$109,119$0$2,806,408
85$7,780,183$15,160$0$2,999,850
86$8,471,327$0$0$3,212,807
87$9,229,742$0$0$3,495,004
88$10,062,187$0$0$3,814,033
89$10,976,108$0$0$4,164,424
90$11,979,707$0$0$4,549,337
91$13,082,021$0$0$4,972,255
92$14,293,003$0$0$5,437,016
93$15,623,618$0$0$5,947,847
94$17,085,947$0$0$6,509,405
95$18,693,299$0$0$7,126,820
96$20,460,334$0$0$7,805,745
97$22,403,208$0$0$8,552,408
98$24,539,716$0$0$9,373,671
99$26,889,466$0$0$10,277,094
100$29,474,062$0$0$11,271,006