Can I retire at age 56 with 726,000?

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 $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%11.1%
1 years$59,952$59,418$58,897$58,389$57,892$57,624
2 years$29,679$29,127$28,591$28,072$27,568$27,297
3 years$19,590$19,035$18,500$17,986$17,490$17,225
4 years$14,546$13,992$13,463$12,958$12,474$12,217
5 years$11,520$10,970$10,448$9,953$9,483$9,234
6 years$9,504$8,958$8,444$7,959$7,503$7,264
7 years$8,064$7,523$7,017$6,544$6,102$5,872
8 years$6,985$6,449$5,951$5,489$5,062$4,841
9 years$6,146$5,615$5,125$4,676$4,263$4,051
10 years$5,475$4,949$4,468$4,031$3,632$3,429
11 years$4,927$4,406$3,934$3,508$3,124$2,930
12 years$4,470$3,954$3,491$3,077$2,707$2,522
13 years$4,084$3,574$3,119$2,716$2,361$2,184
14 years$3,753$3,248$2,803$2,411$2,069$1,901
15 years$3,467$2,967$2,530$2,150$1,822$1,662
16 years$3,216$2,723$2,294$1,925$1,610$1,458
17 years$2,996$2,507$2,088$1,730$1,428$1,283
18 years$2,800$2,317$1,906$1,559$1,270$1,132
19 years$2,625$2,147$1,745$1,409$1,132$1,001
20 years$2,467$1,995$1,601$1,276$1,011$887
21 years$2,325$1,859$1,473$1,158$905$788
22 years$2,196$1,735$1,357$1,053$811$700
23 years$2,078$1,623$1,253$959$728$624
24 years$1,971$1,520$1,159$875$654$556
25 years$1,872$1,427$1,074$799$589$496
26 years$1,781$1,341$996$730$530$443
27 years$1,696$1,262$925$668$478$396
28 years$1,618$1,189$859$612$431$354
29 years$1,545$1,122$800$562$390$317
30 years$1,478$1,059$745$515$352$284
31 years$1,415$1,002$695$473$318$255
32 years$1,356$948$648$435$288$228
33 years$1,300$897$605$400$260$205
34 years$1,248$851$565$368$236$184
35 years$1,199$807$529$339$214$165
36 years$1,153$766$494$312$194$148
37 years$1,110$727$463$288$175$133
38 years$1,068$691$433$265$159$119
39 years$1,029$657$406$244$144$107
40 years$993$625$381$225$131$96
41 years$958$595$357$208$119$87
42 years$924$567$335$192$108$78
43 years$893$540$314$177$98$70
44 years$863$515$295$164$89$63
45 years$834$491$277$151$81$57
46 years$807$468$260$140$73$51
47 years$780$447$244$129$66$46
48 years$756$427$230$119$60$41
49 years$732$407$216$110$55$37
50 years$709$389$203$102$50$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $726,000, adding $4,491 every year, while hoping to spend $57,157 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: 60/18/22 Blend
55$726,000$726,000$726,000$726,000
56$804,684$766,206$754,953$848,028
57$825,948$742,936$719,430$854,681
58$847,464$716,610$680,800$855,302
59$869,199$687,017$638,901$854,712
60$891,113$653,937$593,560$852,803
61$913,159$617,132$544,597$849,461
62$935,286$576,356$491,825$844,561
63$957,433$531,345$435,049$837,969
64$979,531$481,821$374,063$829,541
65$1,001,503$427,490$308,654$819,123
66$1,023,260$368,042$238,598$806,545
67$1,044,705$303,148$163,663$791,629
68$1,065,725$232,462$83,606$774,180
69$1,086,195$155,618$0$753,989
70$1,105,972$72,229$0$731,257
71$1,124,901$0$0$726,284
72$1,142,803$0$0$722,812
73$1,159,480$0$0$732,806
74$1,174,712$0$0$741,811
75$1,188,252$0$0$749,664
76$1,199,825$0$0$756,182
77$1,209,125$0$0$761,162
78$1,215,812$0$0$764,376
79$1,219,507$0$0$765,574
80$1,219,789$0$0$764,476
81$1,216,190$0$0$760,772
82$1,208,191$0$0$754,117
83$1,195,217$0$0$744,129
84$1,176,628$0$0$730,385
85$1,151,718$0$0$712,415
86$1,119,703$0$0$689,700
87$1,079,712$0$0$661,663
88$1,030,785$0$0$627,667
89$971,858$0$0$587,006
90$901,751$0$0$538,901
91$819,163$0$0$482,487
92$722,652$0$0$416,811
93$610,624$0$0$340,817
94$481,320$0$0$253,338
95$332,791$0$0$153,086
96$162,887$0$0$38,637
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0