Can I retire at age 56 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$74,321$73,659$73,013$72,383$71,767$69,414
2 years$36,793$36,107$35,443$34,799$34,175$31,827
3 years$24,285$23,597$22,934$22,296$21,682$19,412
4 years$18,032$17,346$16,690$16,063$15,464$13,290
5 years$14,281$13,599$12,952$12,338$11,755$9,683
6 years$11,782$11,105$10,467$9,867$9,302$7,333
7 years$9,997$9,326$8,698$8,112$7,565$5,699
8 years$8,659$7,994$7,377$6,805$6,276$4,512
9 years$7,619$6,960$6,354$5,796$5,285$3,621
10 years$6,787$6,135$5,539$4,997$4,503$2,937
11 years$6,108$5,462$4,877$4,348$3,873$2,401
12 years$5,541$4,902$4,328$3,814$3,356$1,975
13 years$5,063$4,430$3,867$3,367$2,927$1,633
14 years$4,653$4,027$3,474$2,989$2,565$1,356
15 years$4,298$3,679$3,137$2,666$2,259$1,129
16 years$3,987$3,375$2,844$2,387$1,996$943
17 years$3,714$3,108$2,588$2,145$1,770$789
18 years$3,471$2,872$2,362$1,933$1,574$662
19 years$3,254$2,662$2,163$1,746$1,403$556
20 years$3,059$2,474$1,985$1,582$1,253$468
21 years$2,883$2,304$1,826$1,436$1,121$394
22 years$2,722$2,151$1,683$1,305$1,005$332
23 years$2,577$2,012$1,554$1,189$902$280
24 years$2,443$1,885$1,437$1,084$811$236
25 years$2,320$1,769$1,331$990$730$199
26 years$2,207$1,662$1,234$905$657$168
27 years$2,103$1,564$1,146$829$593$142
28 years$2,006$1,474$1,065$759$535$120
29 years$1,916$1,391$991$696$483$102
30 years$1,832$1,313$924$639$436$86
31 years$1,754$1,242$861$587$394$73
32 years$1,680$1,175$803$539$357$62
33 years$1,612$1,113$750$496$323$52
34 years$1,547$1,054$701$456$292$44
35 years$1,487$1,000$655$420$265$37
36 years$1,429$949$613$387$240$32
37 years$1,375$902$574$356$217$27
38 years$1,324$857$537$329$197$23
39 years$1,276$815$503$303$179$19
40 years$1,230$775$472$279$162$16
41 years$1,187$738$442$258$147$14
42 years$1,146$703$415$238$133$12
43 years$1,107$670$389$220$121$10
44 years$1,069$638$366$203$110$8
45 years$1,034$609$343$187$100$7
46 years$1,000$581$322$173$91$6
47 years$968$554$303$160$82$5
48 years$937$529$285$148$75$4
49 years$907$505$267$136$68$4
50 years$879$482$251$126$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $900,000, adding $3,024 every year, while hoping to spend $48,671 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: 42/47/11 Blend
55$900,000$900,000$900,000$900,000
56$994,919$947,219$933,269$1,033,378
57$1,044,615$941,847$912,748$1,055,217
58$1,097,749$934,581$889,908$1,073,744
59$1,154,620$925,276$864,621$1,092,720
60$1,215,557$913,780$836,751$1,112,208
61$1,280,918$899,929$806,156$1,132,278
62$1,351,100$883,554$772,691$1,153,011
63$1,426,535$864,471$736,199$1,174,501
64$1,507,700$842,488$696,520$1,196,855
65$1,595,116$817,402$653,484$1,220,195
66$1,689,359$788,995$606,917$1,244,660
67$1,791,058$757,040$556,633$1,270,409
68$1,900,906$721,295$502,440$1,297,622
69$2,019,664$681,504$444,137$1,326,501
70$2,148,168$637,397$381,515$1,357,277
71$2,287,339$588,686$314,353$1,390,210
72$2,438,186$535,071$242,423$1,425,592
73$2,601,823$476,232$165,486$1,463,754
74$2,779,472$411,829$83,292$1,505,067
75$2,972,476$341,508$0$1,549,947
76$3,182,317$264,889$0$1,599,382
77$3,410,620$181,576$0$1,663,845
78$3,659,178$91,148$0$1,734,169
79$3,929,959$0$0$1,811,048
80$4,225,133$0$0$1,898,792
81$4,547,086$0$0$2,046,017
82$4,898,443$0$0$2,206,795
83$5,282,098$0$0$2,382,463
84$5,701,231$0$0$2,574,492
85$6,159,348$0$0$2,784,502
86$6,660,305$0$0$3,014,277
87$7,208,350$0$0$3,265,780
88$7,808,159$0$0$3,541,174
89$8,464,882$0$0$3,842,840
90$9,184,190$0$0$4,173,401
91$9,972,328$0$0$4,535,744
92$10,836,174$0$0$4,933,051
93$11,783,302$0$0$5,368,826
94$12,822,056$0$0$5,846,926
95$13,961,623$0$0$6,371,603
96$15,212,124$0$0$6,947,537
97$16,584,710$0$0$7,579,888
98$18,091,658$0$0$8,274,334
99$19,746,498$0$0$9,037,135
100$21,564,130$0$0$9,875,185