Can I retire at age 56 with 727,000?

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 $727,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$60,035$59,500$58,978$58,469$57,972$57,367
2 years$29,720$29,167$28,630$28,110$27,606$26,996
3 years$19,617$19,061$18,526$18,010$17,514$16,919
4 years$14,566$14,012$13,482$12,976$12,491$11,915
5 years$11,536$10,985$10,463$9,966$9,496$8,941
6 years$9,517$8,970$8,455$7,970$7,514$6,980
7 years$8,075$7,533$7,026$6,553$6,111$5,599
8 years$6,995$6,457$5,959$5,497$5,069$4,580
9 years$6,155$5,622$5,132$4,682$4,269$3,801
10 years$5,483$4,956$4,475$4,036$3,637$3,191
11 years$4,934$4,412$3,939$3,513$3,128$2,703
12 years$4,476$3,960$3,496$3,081$2,711$2,306
13 years$4,089$3,579$3,124$2,720$2,364$1,979
14 years$3,758$3,253$2,806$2,415$2,072$1,707
15 years$3,472$2,972$2,534$2,153$1,825$1,478
16 years$3,221$2,726$2,297$1,928$1,613$1,284
17 years$3,000$2,511$2,090$1,732$1,430$1,119
18 years$2,804$2,320$1,908$1,561$1,271$978
19 years$2,628$2,150$1,747$1,411$1,133$856
20 years$2,471$1,998$1,603$1,278$1,012$751
21 years$2,328$1,861$1,475$1,160$906$660
22 years$2,199$1,737$1,359$1,054$812$581
23 years$2,081$1,625$1,255$960$729$512
24 years$1,973$1,522$1,161$876$655$451
25 years$1,874$1,429$1,075$800$589$398
26 years$1,783$1,343$997$731$531$352
27 years$1,699$1,264$926$669$479$311
28 years$1,620$1,191$861$613$432$275
29 years$1,548$1,123$801$562$390$244
30 years$1,480$1,061$746$516$352$216
31 years$1,417$1,003$695$474$319$191
32 years$1,357$949$649$436$288$169
33 years$1,302$899$606$401$261$150
34 years$1,250$852$566$369$236$133
35 years$1,201$808$529$339$214$118
36 years$1,155$767$495$312$194$105
37 years$1,111$728$463$288$176$93
38 years$1,070$692$434$265$159$83
39 years$1,031$658$407$245$144$73
40 years$994$626$381$226$131$65
41 years$959$596$357$208$119$58
42 years$926$568$335$192$108$51
43 years$894$541$315$177$98$46
44 years$864$516$295$164$89$40
45 years$835$492$277$151$81$36
46 years$808$469$260$140$73$32
47 years$782$448$245$129$66$28
48 years$757$427$230$119$60$25
49 years$733$408$216$110$55$22
50 years$710$390$203$102$50$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $727,000, adding $3,092 every year, while hoping to spend $54,564 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: 56/30/14 Blend
55$727,000$727,000$727,000$727,000
56$804,343$765,812$754,544$846,308
57$828,331$745,282$721,765$854,594
58$852,936$721,916$686,060$857,399
59$878,165$695,519$647,272$859,193
60$904,021$665,883$605,239$859,890
61$930,507$632,787$559,791$859,398
62$957,625$596,000$510,750$857,618
63$985,374$555,275$457,931$854,447
64$1,013,750$510,351$401,140$849,772
65$1,042,748$460,954$340,173$843,475
66$1,072,360$406,792$274,821$835,428
67$1,102,575$347,560$204,862$825,496
68$1,133,378$282,931$130,065$813,535
69$1,164,751$212,562$50,191$799,391
70$1,196,670$136,093$0$782,899
71$1,229,109$53,140$0$769,120
72$1,262,033$0$0$760,973
73$1,295,404$0$0$762,909
74$1,329,174$0$0$782,600
75$1,363,291$0$0$802,467
76$1,397,691$0$0$822,473
77$1,432,304$0$0$842,571
78$1,467,047$0$0$862,710
79$1,501,826$0$0$882,830
80$1,536,535$0$0$902,864
81$1,571,051$0$0$922,736
82$1,605,239$0$0$942,360
83$1,638,943$0$0$961,639
84$1,671,989$0$0$980,464
85$1,704,181$0$0$998,712
86$1,735,298$0$0$1,016,247
87$1,765,094$0$0$1,032,913
88$1,793,292$0$0$1,048,539
89$1,819,583$0$0$1,062,932
90$1,843,622$0$0$1,075,878
91$1,865,024$0$0$1,087,138
92$1,883,360$0$0$1,096,443
93$1,898,151$0$0$1,103,498
94$1,908,865$0$0$1,107,971
95$1,914,911$0$0$1,109,497
96$1,915,631$0$0$1,107,666
97$1,910,295$0$0$1,102,025
98$1,898,091$0$0$1,092,073
99$1,878,121$0$0$1,077,252
100$1,849,385$0$0$1,056,943