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%18.3%
1 years$59,952$59,418$58,897$58,389$57,892$55,950
2 years$29,679$29,127$28,591$28,072$27,568$25,630
3 years$19,590$19,035$18,500$17,986$17,490$15,618
4 years$14,546$13,992$13,463$12,958$12,474$10,681
5 years$11,520$10,970$10,448$9,953$9,483$7,774
6 years$9,504$8,958$8,444$7,959$7,503$5,881
7 years$8,064$7,523$7,017$6,544$6,102$4,566
8 years$6,985$6,449$5,951$5,489$5,062$3,610
9 years$6,146$5,615$5,125$4,676$4,263$2,894
10 years$5,475$4,949$4,468$4,031$3,632$2,344
11 years$4,927$4,406$3,934$3,508$3,124$1,913
12 years$4,470$3,954$3,491$3,077$2,707$1,572
13 years$4,084$3,574$3,119$2,716$2,361$1,298
14 years$3,753$3,248$2,803$2,411$2,069$1,076
15 years$3,467$2,967$2,530$2,150$1,822$895
16 years$3,216$2,723$2,294$1,925$1,610$747
17 years$2,996$2,507$2,088$1,730$1,428$624
18 years$2,800$2,317$1,906$1,559$1,270$523
19 years$2,625$2,147$1,745$1,409$1,132$438
20 years$2,467$1,995$1,601$1,276$1,011$368
21 years$2,325$1,859$1,473$1,158$905$309
22 years$2,196$1,735$1,357$1,053$811$260
23 years$2,078$1,623$1,253$959$728$219
24 years$1,971$1,520$1,159$875$654$185
25 years$1,872$1,427$1,074$799$589$156
26 years$1,781$1,341$996$730$530$131
27 years$1,696$1,262$925$668$478$111
28 years$1,618$1,189$859$612$431$93
29 years$1,545$1,122$800$562$390$79
30 years$1,478$1,059$745$515$352$67
31 years$1,415$1,002$695$473$318$56
32 years$1,356$948$648$435$288$48
33 years$1,300$897$605$400$260$40
34 years$1,248$851$565$368$236$34
35 years$1,199$807$529$339$214$29
36 years$1,153$766$494$312$194$24
37 years$1,110$727$463$288$175$20
38 years$1,068$691$433$265$159$17
39 years$1,029$657$406$244$144$15
40 years$993$625$381$225$131$12
41 years$958$595$357$208$119$10
42 years$924$567$335$192$108$9
43 years$893$540$314$177$98$7
44 years$863$515$295$164$89$6
45 years$834$491$277$151$81$5
46 years$807$468$260$140$73$4
47 years$780$447$244$129$66$4
48 years$756$427$230$119$60$3
49 years$732$407$216$110$55$3
50 years$709$389$203$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $726,000, adding $5,772 every year, while hoping to spend $28,515 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: 59/22/19 Blend
55$726,000$726,000$726,000$726,000
56$806,006$767,528$756,275$849,224
57$857,879$774,797$751,270$886,452
58$914,087$781,467$745,142$923,408
59$975,042$787,477$737,823$963,066
60$1,041,199$792,765$729,242$1,005,693
61$1,113,054$797,264$719,325$1,051,584
62$1,191,157$800,901$707,993$1,101,063
63$1,276,110$803,600$695,166$1,154,488
64$1,368,577$805,280$680,758$1,212,256
65$1,469,288$805,856$664,680$1,274,804
66$1,579,047$805,234$646,839$1,342,615
67$1,698,738$803,319$627,136$1,416,222
68$1,829,334$800,007$605,470$1,496,215
69$1,971,907$795,188$581,734$1,583,244
70$2,127,636$788,746$555,816$1,678,027
71$2,297,818$780,558$527,600$1,781,357
72$2,483,884$770,494$496,963$1,894,108
73$2,687,407$758,415$463,778$2,017,249
74$2,910,120$744,175$427,912$2,151,844
75$3,153,930$727,617$389,224$2,299,072
76$3,420,938$708,578$347,571$2,460,231
77$3,713,459$686,883$302,799$2,636,757
78$4,034,039$662,348$254,751$2,830,232
79$4,385,486$634,777$203,259$3,042,404
80$4,770,889$603,965$148,153$3,275,199
81$5,193,653$569,693$89,249$3,530,747
82$5,657,528$531,730$26,361$3,811,394
83$6,166,642$489,831$0$4,119,731
84$6,725,545$443,738$0$4,466,877
85$7,339,249$393,180$0$4,853,964
86$8,013,273$337,866$0$5,279,165
87$8,753,698$277,493$0$5,746,361
88$9,567,223$211,738$0$6,259,836
89$10,461,228$140,261$0$6,824,307
90$11,443,844$62,704$0$7,444,979
91$12,524,026$0$0$8,127,586
92$13,711,644$0$0$8,883,611
93$15,017,569$0$0$9,731,708
94$16,453,780$0$0$10,664,482
95$18,033,473$0$0$11,690,514
96$19,771,190$0$0$12,819,256
97$21,682,950$0$0$14,061,124
98$23,786,405$0$0$15,427,592
99$26,101,004$0$0$16,931,306
100$28,648,176$0$0$18,586,196