Can I retire at age 56 with 726,000?

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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$59,952$59,418$58,897$58,389$57,892$55,661
2 years$29,679$29,127$28,591$28,072$27,568$25,347
3 years$19,590$19,035$18,500$17,986$17,490$15,349
4 years$14,546$13,992$13,463$12,958$12,474$10,429
5 years$11,520$10,970$10,448$9,953$9,483$7,539
6 years$9,504$8,958$8,444$7,959$7,503$5,662
7 years$8,064$7,523$7,017$6,544$6,102$4,363
8 years$6,985$6,449$5,951$5,489$5,062$3,424
9 years$6,146$5,615$5,125$4,676$4,263$2,723
10 years$5,475$4,949$4,468$4,031$3,632$2,187
11 years$4,927$4,406$3,934$3,508$3,124$1,770
12 years$4,470$3,954$3,491$3,077$2,707$1,442
13 years$4,084$3,574$3,119$2,716$2,361$1,180
14 years$3,753$3,248$2,803$2,411$2,069$969
15 years$3,467$2,967$2,530$2,150$1,822$799
16 years$3,216$2,723$2,294$1,925$1,610$660
17 years$2,996$2,507$2,088$1,730$1,428$547
18 years$2,800$2,317$1,906$1,559$1,270$453
19 years$2,625$2,147$1,745$1,409$1,132$376
20 years$2,467$1,995$1,601$1,276$1,011$313
21 years$2,325$1,859$1,473$1,158$905$260
22 years$2,196$1,735$1,357$1,053$811$217
23 years$2,078$1,623$1,253$959$728$181
24 years$1,971$1,520$1,159$875$654$151
25 years$1,872$1,427$1,074$799$589$126
26 years$1,781$1,341$996$730$530$105
27 years$1,696$1,262$925$668$478$88
28 years$1,618$1,189$859$612$431$73
29 years$1,545$1,122$800$562$390$61
30 years$1,478$1,059$745$515$352$51
31 years$1,415$1,002$695$473$318$43
32 years$1,356$948$648$435$288$36
33 years$1,300$897$605$400$260$30
34 years$1,248$851$565$368$236$25
35 years$1,199$807$529$339$214$21
36 years$1,153$766$494$312$194$17
37 years$1,110$727$463$288$175$15
38 years$1,068$691$433$265$159$12
39 years$1,029$657$406$244$144$10
40 years$993$625$381$225$131$8
41 years$958$595$357$208$119$7
42 years$924$567$335$192$108$6
43 years$893$540$314$177$98$5
44 years$863$515$295$164$89$4
45 years$834$491$277$151$81$3
46 years$807$468$260$140$73$3
47 years$780$447$244$129$66$2
48 years$756$427$230$119$60$2
49 years$732$407$216$110$55$2
50 years$709$389$203$102$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $726,000, adding $6,625 every year, while hoping to spend $56,654 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: 38/32/30 Blend
55$726,000$726,000$726,000$726,000
56$806,886$768,408$757,155$830,146
57$828,909$745,780$722,240$825,275
58$851,279$720,145$684,257$814,384
59$873,973$691,296$643,043$801,550
60$896,961$659,012$598,427$786,637
61$920,210$623,062$550,234$769,497
62$943,680$583,202$498,276$749,975
63$967,328$539,171$442,360$727,903
64$991,100$490,695$382,284$703,107
65$1,014,938$437,485$317,836$675,397
66$1,038,774$379,233$248,796$644,576
67$1,062,531$315,618$174,932$610,431
68$1,086,122$246,296$96,005$572,735
69$1,109,448$170,906$11,763$531,250
70$1,132,399$89,068$0$485,718
71$1,154,849$377$0$460,881
72$1,176,657$0$0$437,079
73$1,197,667$0$0$443,987
74$1,217,700$0$0$450,563
75$1,236,561$0$0$456,591
76$1,254,026$0$0$461,976
77$1,269,850$0$0$466,613
78$1,283,757$0$0$470,385
79$1,295,441$0$0$473,161
80$1,304,561$0$0$474,796
81$1,310,735$0$0$475,129
82$1,313,542$0$0$473,981
83$1,312,512$0$0$471,154
84$1,307,124$0$0$466,426
85$1,296,800$0$0$459,553
86$1,280,899$0$0$450,263
87$1,258,707$0$0$438,258
88$1,229,437$0$0$423,202
89$1,192,216$0$0$404,729
90$1,146,076$0$0$382,430
91$1,089,945$0$0$355,853
92$1,022,638$0$0$324,500
93$942,844$0$0$287,817
94$849,111$0$0$245,195
95$739,836$0$0$195,958
96$613,245$0$0$139,360
97$467,376$0$0$74,577
98$300,064$0$0$697
99$108,914$0$0$0
100$0$0$0$0