Can I retire at age 56 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$76,386$75,705$75,041$74,393$73,761$73,173
2 years$37,815$37,110$36,428$35,766$35,124$34,532
3 years$24,959$24,252$23,571$22,916$22,284$21,706
4 years$18,533$17,828$17,154$16,509$15,893$15,333
5 years$14,678$13,977$13,312$12,681$12,082$11,541
6 years$12,109$11,413$10,758$10,141$9,560$9,040
7 years$10,275$9,585$8,940$8,337$7,775$7,275
8 years$8,900$8,216$7,582$6,994$6,450$5,971
9 years$7,831$7,154$6,530$5,957$5,432$4,973
10 years$6,976$6,306$5,693$5,135$4,628$4,190
11 years$6,277$5,613$5,012$4,469$3,980$3,562
12 years$5,695$5,038$4,448$3,920$3,449$3,051
13 years$5,203$4,553$3,974$3,461$3,008$2,628
14 years$4,782$4,139$3,571$3,072$2,637$2,276
15 years$4,417$3,781$3,224$2,740$2,322$1,979
16 years$4,098$3,469$2,923$2,453$2,052$1,727
17 years$3,817$3,195$2,660$2,204$1,819$1,511
18 years$3,567$2,952$2,428$1,986$1,618$1,326
19 years$3,344$2,736$2,223$1,795$1,442$1,166
20 years$3,144$2,542$2,040$1,626$1,288$1,027
21 years$2,963$2,368$1,876$1,475$1,152$907
22 years$2,798$2,211$1,729$1,341$1,033$801
23 years$2,648$2,067$1,597$1,222$927$709
24 years$2,511$1,937$1,477$1,114$833$628
25 years$2,385$1,818$1,368$1,018$750$557
26 years$2,269$1,708$1,269$930$676$495
27 years$2,161$1,608$1,178$852$609$439
28 years$2,062$1,515$1,095$780$550$391
29 years$1,969$1,429$1,019$716$496$347
30 years$1,883$1,350$949$657$448$309
31 years$1,802$1,276$885$603$405$275
32 years$1,727$1,207$826$554$367$245
33 years$1,657$1,143$771$510$332$218
34 years$1,590$1,084$720$469$300$195
35 years$1,528$1,028$673$432$272$174
36 years$1,469$976$630$398$247$155
37 years$1,414$927$590$366$223$138
38 years$1,361$881$552$338$203$123
39 years$1,312$837$517$311$184$110
40 years$1,265$797$485$287$167$98
41 years$1,220$758$455$265$151$88
42 years$1,178$722$426$245$137$78
43 years$1,137$688$400$226$125$70
44 years$1,099$656$376$208$113$62
45 years$1,062$626$353$192$103$56
46 years$1,028$597$331$178$93$50
47 years$994$569$311$164$85$44
48 years$963$544$292$152$77$40
49 years$932$519$275$140$70$35
50 years$903$496$258$130$63$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $925,000, adding $6,787 every year, while hoping to spend $20,246 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: 58/14/28 Blend
55$925,000$925,000$925,000$925,000
56$1,026,351$977,326$962,988$1,077,674
57$1,109,497$1,003,673$973,707$1,139,941
58$1,200,446$1,030,633$984,106$1,205,091
59$1,299,971$1,058,214$994,153$1,275,715
60$1,408,926$1,086,424$1,003,815$1,352,348
61$1,528,250$1,115,272$1,013,056$1,435,582
62$1,658,976$1,144,766$1,021,839$1,526,068
63$1,802,244$1,174,912$1,030,123$1,624,523
64$1,959,308$1,205,718$1,037,867$1,731,739
65$2,131,550$1,237,190$1,045,028$1,848,587
66$2,320,491$1,269,335$1,051,559$1,976,027
67$2,527,806$1,302,158$1,057,412$2,115,116
68$2,755,343$1,335,664$1,062,536$2,267,022
69$3,005,134$1,369,857$1,066,876$2,433,028
70$3,279,418$1,404,742$1,070,378$2,614,550
71$3,580,665$1,440,320$1,072,981$2,813,150
72$3,911,591$1,476,594$1,074,625$3,030,546
73$4,275,191$1,513,565$1,075,242$3,268,635
74$4,674,764$1,551,233$1,074,766$3,529,504
75$5,113,943$1,589,596$1,073,124$3,815,455
76$5,596,733$1,628,654$1,070,242$4,129,027
77$6,127,544$1,668,403$1,066,039$4,473,014
78$6,711,237$1,708,837$1,060,434$4,850,498
79$7,353,164$1,749,952$1,053,340$5,264,875
80$8,059,225$1,791,738$1,044,666$5,719,889
81$8,835,920$1,834,187$1,034,316$6,219,665
82$9,690,410$1,877,288$1,022,191$6,768,749
83$10,630,584$1,921,027$1,008,187$7,372,153
84$11,665,136$1,965,390$992,193$8,035,399
85$12,803,644$2,010,359$974,096$8,764,573
86$14,056,664$2,055,914$953,776$9,566,385
87$15,435,823$2,102,033$931,107$10,448,228
88$16,953,936$2,148,692$905,959$11,418,249
89$18,625,122$2,195,862$878,193$12,485,431
90$20,464,938$2,243,513$847,666$13,659,670
91$22,490,527$2,291,611$814,228$14,951,875
92$24,720,778$2,340,117$777,722$16,374,069
93$27,176,506$2,388,992$737,984$17,939,502
94$29,880,646$2,438,188$694,843$19,662,777
95$32,858,470$2,487,658$648,118$21,559,988
96$36,137,827$2,537,346$597,624$23,648,873
97$39,749,405$2,587,195$543,163$25,948,981
98$43,727,016$2,637,140$484,531$28,481,857
99$48,107,925$2,687,112$421,516$31,271,244
100$52,933,189$2,737,037$353,893$34,343,311