Can I retire at age 56 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$77,294$76,606$75,934$75,278$74,638$74,323
2 years$38,264$37,552$36,861$36,191$35,542$35,224
3 years$25,256$24,540$23,852$23,188$22,549$22,239
4 years$18,753$18,040$17,358$16,706$16,082$15,781
5 years$14,853$14,143$13,470$12,832$12,226$11,934
6 years$12,253$11,549$10,886$10,262$9,674$9,393
7 years$10,397$9,699$9,046$8,437$7,867$7,597
8 years$9,006$8,314$7,672$7,077$6,527$6,267
9 years$7,924$7,239$6,608$6,028$5,496$5,247
10 years$7,059$6,381$5,761$5,196$4,683$4,445
11 years$6,352$5,680$5,072$4,522$4,028$3,799
12 years$5,763$5,098$4,501$3,967$3,490$3,272
13 years$5,265$4,607$4,021$3,502$3,044$2,836
14 years$4,839$4,188$3,613$3,109$2,668$2,470
15 years$4,470$3,826$3,262$2,772$2,349$2,160
16 years$4,147$3,510$2,958$2,482$2,076$1,896
17 years$3,862$3,233$2,691$2,230$1,841$1,670
18 years$3,610$2,987$2,457$2,010$1,637$1,475
19 years$3,384$2,768$2,249$1,816$1,459$1,305
20 years$3,181$2,573$2,064$1,645$1,303$1,158
21 years$2,998$2,396$1,899$1,493$1,166$1,028
22 years$2,831$2,237$1,750$1,357$1,045$915
23 years$2,680$2,092$1,616$1,236$938$815
24 years$2,541$1,960$1,494$1,128$843$727
25 years$2,413$1,839$1,384$1,030$759$650
26 years$2,296$1,729$1,284$942$684$581
27 years$2,187$1,627$1,192$862$616$519
28 years$2,086$1,533$1,108$790$556$465
29 years$1,993$1,446$1,031$724$502$417
30 years$1,905$1,366$960$665$454$373
31 years$1,824$1,291$895$610$410$335
32 years$1,748$1,222$835$561$371$301
33 years$1,676$1,157$780$516$336$270
34 years$1,609$1,097$729$475$304$242
35 years$1,546$1,040$681$437$275$218
36 years$1,487$987$637$402$250$196
37 years$1,430$938$597$371$226$176
38 years$1,377$891$559$342$205$158
39 years$1,327$847$523$315$186$142
40 years$1,280$806$491$291$169$128
41 years$1,235$767$460$268$153$115
42 years$1,192$731$432$247$139$103
43 years$1,151$696$405$228$126$93
44 years$1,112$664$380$211$114$84
45 years$1,075$633$357$195$104$75
46 years$1,040$604$335$180$94$68
47 years$1,006$576$315$166$86$61
48 years$974$550$296$154$78$55
49 years$943$525$278$142$71$49
50 years$914$502$262$131$64$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $936,000, adding $4,017 every year, while hoping to spend $31,868 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: 88/5/7 Blend
55$936,000$936,000$936,000$936,000
56$1,035,616$986,008$971,500$1,125,906
57$1,107,341$1,000,415$970,137$1,199,717
58$1,185,314$1,014,460$967,662$1,275,991
59$1,270,139$1,028,091$964,001$1,358,806
60$1,362,480$1,041,254$959,082$1,448,796
61$1,463,067$1,053,890$952,825$1,546,662
62$1,572,705$1,065,935$945,150$1,653,176
63$1,692,279$1,077,324$935,970$1,769,185
64$1,822,763$1,087,984$925,197$1,895,624
65$1,965,229$1,097,840$912,735$2,033,523
66$2,120,858$1,106,809$898,487$2,184,014
67$2,290,948$1,114,806$882,350$2,348,347
68$2,476,932$1,121,739$864,215$2,527,896
69$2,680,384$1,127,508$843,971$2,724,176
70$2,903,038$1,132,011$821,499$2,938,854
71$3,146,804$1,135,136$796,676$3,173,768
72$3,413,786$1,136,766$769,372$3,430,942
73$3,706,299$1,136,774$739,453$3,712,606
74$4,026,895$1,135,029$706,778$4,021,217
75$4,378,381$1,131,388$671,198$4,359,481
76$4,763,852$1,125,703$632,559$4,730,378
77$5,186,716$1,117,813$590,701$5,137,195
78$5,650,726$1,107,551$545,455$5,583,549
79$6,160,016$1,094,738$496,644$6,073,429
80$6,719,141$1,079,183$444,085$6,611,228
81$7,333,117$1,060,686$387,585$7,201,786
82$8,007,471$1,039,035$326,944$7,850,436
83$8,748,289$1,014,004$261,953$8,563,057
84$9,562,278$985,354$192,392$9,346,122
85$10,456,826$952,833$118,033$10,206,768
86$11,440,074$916,172$38,638$11,152,855
87$12,520,987$875,090$0$12,193,049
88$13,709,444$829,287$0$13,340,336
89$15,016,331$778,445$0$14,605,099
90$16,453,639$722,231$0$15,996,058
91$18,034,580$660,291$0$17,526,009
92$19,773,712$592,249$0$19,209,048
93$21,687,072$517,711$0$21,060,709
94$23,792,332$436,258$0$23,098,107
95$26,108,965$347,449$0$25,340,101
96$28,658,423$250,818$0$27,807,472
97$31,464,346$145,872$0$30,523,119
98$34,552,780$32,090$0$33,512,273
99$37,952,425$0$0$36,802,737
100$41,694,904$0$0$40,430,159