Can I retire at age 56 with 725,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$59,870$59,337$58,816$58,308$57,813$57,376
2 years$29,639$29,087$28,552$28,033$27,530$27,090
3 years$19,563$19,008$18,475$17,961$17,466$17,036
4 years$14,526$13,973$13,445$12,940$12,457$12,040
5 years$11,504$10,955$10,434$9,939$9,470$9,068
6 years$9,491$8,946$8,432$7,948$7,493$7,106
7 years$8,053$7,513$7,007$6,535$6,094$5,722
8 years$6,975$6,440$5,943$5,482$5,055$4,699
9 years$6,138$5,607$5,118$4,669$4,257$3,916
10 years$5,468$4,942$4,462$4,025$3,627$3,301
11 years$4,920$4,400$3,929$3,503$3,120$2,808
12 years$4,464$3,949$3,486$3,073$2,704$2,407
13 years$4,078$3,569$3,115$2,713$2,358$2,075
14 years$3,748$3,244$2,799$2,408$2,067$1,798
15 years$3,462$2,963$2,527$2,147$1,820$1,564
16 years$3,212$2,719$2,291$1,923$1,608$1,366
17 years$2,992$2,504$2,085$1,728$1,426$1,196
18 years$2,796$2,314$1,903$1,557$1,268$1,050
19 years$2,621$2,144$1,742$1,407$1,130$924
20 years$2,464$1,993$1,599$1,274$1,009$815
21 years$2,322$1,856$1,471$1,156$903$720
22 years$2,193$1,733$1,355$1,051$810$637
23 years$2,076$1,620$1,252$958$727$564
24 years$1,968$1,518$1,157$873$653$500
25 years$1,869$1,425$1,072$798$588$444
26 years$1,778$1,339$994$729$530$394
27 years$1,694$1,260$923$668$477$350
28 years$1,616$1,188$858$612$431$312
29 years$1,543$1,120$799$561$389$277
30 years$1,476$1,058$744$515$351$247
31 years$1,413$1,000$694$473$318$220
32 years$1,354$946$647$434$287$196
33 years$1,298$896$604$400$260$175
34 years$1,246$849$565$368$236$156
35 years$1,198$806$528$338$213$139
36 years$1,151$765$494$312$193$124
37 years$1,108$726$462$287$175$111
38 years$1,067$690$433$265$159$99
39 years$1,028$656$405$244$144$89
40 years$991$624$380$225$131$79
41 years$956$594$356$208$119$71
42 years$923$566$334$192$108$63
43 years$891$539$314$177$98$56
44 years$861$514$294$163$89$50
45 years$833$490$276$151$80$45
46 years$805$468$260$139$73$40
47 years$779$446$244$129$66$36
48 years$754$426$229$119$60$32
49 years$731$407$215$110$55$29
50 years$708$389$203$102$50$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $725,000, adding $3,909 every year, while hoping to spend $26,910 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: 81/12/7 Blend
55$725,000$725,000$725,000$725,000
56$802,982$764,557$753,320$867,133
57$856,254$773,388$749,924$918,518
58$914,058$781,750$745,512$970,931
59$976,828$789,592$740,023$1,027,634
60$1,045,041$796,858$733,390$1,089,044
61$1,119,221$803,490$725,544$1,155,616
62$1,199,947$809,427$716,415$1,227,854
63$1,287,853$814,601$705,927$1,306,309
64$1,383,640$818,942$694,002$1,391,592
65$1,488,076$822,375$680,556$1,484,376
66$1,602,009$824,821$665,503$1,585,398
67$1,726,371$826,194$648,755$1,695,476
68$1,862,188$826,404$630,215$1,815,506
69$2,010,590$825,356$609,786$1,946,477
70$2,172,820$822,949$587,363$2,089,481
71$2,350,247$819,073$562,840$2,245,717
72$2,544,380$813,616$536,103$2,416,509
73$2,756,879$806,454$507,034$2,603,315
74$2,989,571$797,461$475,510$2,807,743
75$3,244,469$786,499$441,402$3,031,561
76$3,523,791$773,423$404,575$3,276,723
77$3,829,978$758,081$364,888$3,545,376
78$4,165,719$740,310$322,195$3,839,892
79$4,533,975$719,939$276,342$4,162,881
80$4,938,009$696,784$227,168$4,517,220
81$5,381,415$670,655$174,506$4,906,080
82$5,868,149$641,347$118,182$5,332,957
83$6,402,571$608,644$58,013$5,801,702
84$6,989,485$572,319$0$6,316,558
85$7,634,180$532,130$0$6,882,668
86$8,342,484$487,823$0$7,509,377
87$9,120,819$439,127$0$8,198,046
88$9,976,257$385,759$0$8,954,951
89$10,916,590$327,417$0$9,787,011
90$11,950,405$263,782$0$10,701,849
91$13,087,159$194,520$0$11,707,866
92$14,337,272$119,275$0$12,814,319
93$15,712,227$37,673$0$14,031,408
94$17,224,673$0$0$15,370,376
95$18,888,547$0$0$16,850,304
96$20,719,205$0$0$18,484,071
97$22,733,567$0$0$20,281,806
98$24,950,275$0$0$22,260,150
99$27,389,871$0$0$24,437,436
100$30,074,988$0$0$26,833,869