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%13.4%
1 years$74,321$73,659$73,013$72,383$71,767$70,753
2 years$36,793$36,107$35,443$34,799$34,175$33,155
3 years$24,285$23,597$22,934$22,296$21,682$20,688
4 years$18,032$17,346$16,690$16,063$15,464$14,504
5 years$14,281$13,599$12,952$12,338$11,755$10,832
6 years$11,782$11,105$10,467$9,867$9,302$8,416
7 years$9,997$9,326$8,698$8,112$7,565$6,717
8 years$8,659$7,994$7,377$6,805$6,276$5,466
9 years$7,619$6,960$6,354$5,796$5,285$4,512
10 years$6,787$6,135$5,539$4,997$4,503$3,767
11 years$6,108$5,462$4,877$4,348$3,873$3,173
12 years$5,541$4,902$4,328$3,814$3,356$2,692
13 years$5,063$4,430$3,867$3,367$2,927$2,297
14 years$4,653$4,027$3,474$2,989$2,565$1,969
15 years$4,298$3,679$3,137$2,666$2,259$1,695
16 years$3,987$3,375$2,844$2,387$1,996$1,463
17 years$3,714$3,108$2,588$2,145$1,770$1,267
18 years$3,471$2,872$2,362$1,933$1,574$1,100
19 years$3,254$2,662$2,163$1,746$1,403$957
20 years$3,059$2,474$1,985$1,582$1,253$834
21 years$2,883$2,304$1,826$1,436$1,121$728
22 years$2,722$2,151$1,683$1,305$1,005$636
23 years$2,577$2,012$1,554$1,189$902$557
24 years$2,443$1,885$1,437$1,084$811$487
25 years$2,320$1,769$1,331$990$730$427
26 years$2,207$1,662$1,234$905$657$375
27 years$2,103$1,564$1,146$829$593$329
28 years$2,006$1,474$1,065$759$535$289
29 years$1,916$1,391$991$696$483$254
30 years$1,832$1,313$924$639$436$223
31 years$1,754$1,242$861$587$394$196
32 years$1,680$1,175$803$539$357$173
33 years$1,612$1,113$750$496$323$152
34 years$1,547$1,054$701$456$292$134
35 years$1,487$1,000$655$420$265$118
36 years$1,429$949$613$387$240$104
37 years$1,375$902$574$356$217$91
38 years$1,324$857$537$329$197$80
39 years$1,276$815$503$303$179$71
40 years$1,230$775$472$279$162$62
41 years$1,187$738$442$258$147$55
42 years$1,146$703$415$238$133$48
43 years$1,107$670$389$220$121$43
44 years$1,069$638$366$203$110$38
45 years$1,034$609$343$187$100$33
46 years$1,000$581$322$173$91$29
47 years$968$554$303$160$82$26
48 years$937$529$285$148$75$23
49 years$907$505$267$136$68$20
50 years$879$482$251$126$62$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $900,000, adding $2,708 every year, while hoping to spend $23,116 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: 46/41/13 Blend
55$900,000$900,000$900,000$900,000
56$994,593$946,893$932,943$1,036,575
57$1,071,447$968,696$939,602$1,087,760
58$1,155,364$990,792$945,708$1,140,678
59$1,247,042$1,013,172$951,220$1,197,574
60$1,347,247$1,035,824$956,093$1,258,826
61$1,456,822$1,058,735$960,278$1,324,849
62$1,576,697$1,081,892$963,727$1,396,102
63$1,707,895$1,105,279$966,386$1,473,089
64$1,851,541$1,128,879$968,201$1,556,367
65$2,008,877$1,152,673$969,114$1,646,548
66$2,181,269$1,176,640$969,065$1,744,309
67$2,370,219$1,200,757$967,991$1,850,393
68$2,577,387$1,224,999$965,823$1,965,621
69$2,804,596$1,249,339$962,494$2,090,896
70$3,053,856$1,273,748$957,929$2,227,216
71$3,327,381$1,298,193$952,051$2,375,678
72$3,627,609$1,322,641$944,780$2,537,493
73$3,957,228$1,347,052$936,033$2,713,995
74$4,319,194$1,371,387$925,719$2,906,655
75$4,716,769$1,395,602$913,748$3,117,093
76$5,153,542$1,419,649$900,021$3,347,097
77$5,633,470$1,443,479$884,438$3,598,637
78$6,160,910$1,467,035$866,893$3,873,883
79$6,740,662$1,490,259$847,274$4,175,230
80$7,378,017$1,513,089$825,464$4,505,316
81$8,078,801$1,535,456$801,343$4,867,049
82$8,849,433$1,557,289$774,783$5,263,636
83$9,696,988$1,578,508$745,651$5,698,611
84$10,629,258$1,599,033$713,808$6,175,871
85$11,654,830$1,618,773$679,108$6,699,709
86$12,783,164$1,637,634$641,399$7,274,862
87$14,024,684$1,655,515$600,523$7,906,547
88$15,390,874$1,672,308$556,313$8,600,519
89$16,894,389$1,687,897$508,596$9,363,119
90$18,549,173$1,702,160$457,190$10,201,339
91$20,370,589$1,714,966$401,905$11,122,885
92$22,375,565$1,726,175$342,545$12,136,252
93$24,582,754$1,735,640$278,903$13,250,804
94$27,012,711$1,743,202$210,762$14,476,864
95$29,688,083$1,748,694$137,897$15,825,810
96$32,633,825$1,751,937$60,074$17,310,184
97$35,877,436$1,752,743$0$18,943,812
98$39,449,216$1,750,909$0$20,745,120
99$43,382,554$1,746,222$0$22,736,818
100$47,714,244$1,738,456$0$24,929,118