Can I retire at age 56 with 727,000?

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 $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%
1 years$60,035$59,500$58,978$58,469$57,972$57,486
2 years$29,720$29,167$28,630$28,110$27,606$27,116
3 years$19,617$19,061$18,526$18,010$17,514$17,036
4 years$14,566$14,012$13,482$12,976$12,491$12,028
5 years$11,536$10,985$10,463$9,966$9,496$9,049
6 years$9,517$8,970$8,455$7,970$7,514$7,084
7 years$8,075$7,533$7,026$6,553$6,111$5,698
8 years$6,995$6,457$5,959$5,497$5,069$4,674
9 years$6,155$5,622$5,132$4,682$4,269$3,891
10 years$5,483$4,956$4,475$4,036$3,637$3,276
11 years$4,934$4,412$3,939$3,513$3,128$2,783
12 years$4,476$3,960$3,496$3,081$2,711$2,382
13 years$4,089$3,579$3,124$2,720$2,364$2,051
14 years$3,758$3,253$2,806$2,415$2,072$1,775
15 years$3,472$2,972$2,534$2,153$1,825$1,542
16 years$3,221$2,726$2,297$1,928$1,613$1,345
17 years$3,000$2,511$2,090$1,732$1,430$1,176
18 years$2,804$2,320$1,908$1,561$1,271$1,031
19 years$2,628$2,150$1,747$1,411$1,133$906
20 years$2,471$1,998$1,603$1,278$1,012$798
21 years$2,328$1,861$1,475$1,160$906$704
22 years$2,199$1,737$1,359$1,054$812$621
23 years$2,081$1,625$1,255$960$729$550
24 years$1,973$1,522$1,161$876$655$487
25 years$1,874$1,429$1,075$800$589$431
26 years$1,783$1,343$997$731$531$382
27 years$1,699$1,264$926$669$479$339
28 years$1,620$1,191$861$613$432$301
29 years$1,548$1,123$801$562$390$268
30 years$1,480$1,061$746$516$352$238
31 years$1,417$1,003$695$474$319$212
32 years$1,357$949$649$436$288$189
33 years$1,302$899$606$401$261$168
34 years$1,250$852$566$369$236$150
35 years$1,201$808$529$339$214$133
36 years$1,155$767$495$312$194$119
37 years$1,111$728$463$288$176$106
38 years$1,070$692$434$265$159$94
39 years$1,031$658$407$245$144$84
40 years$994$626$381$226$131$75
41 years$959$596$357$208$119$67
42 years$926$568$335$192$108$60
43 years$894$541$315$177$98$53
44 years$864$516$295$164$89$47
45 years$835$492$277$151$81$42
46 years$808$469$260$140$73$38
47 years$782$448$245$129$66$34
48 years$757$427$230$119$60$30
49 years$733$408$216$110$55$27
50 years$710$390$203$102$50$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $727,000, adding $4,370 every year, while hoping to spend $50,733 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: 46/28/26 Blend
55$727,000$727,000$727,000$727,000
56$805,662$767,131$755,862$836,523
57$833,860$750,741$727,204$842,358
58$863,233$731,847$695,885$843,401
59$893,849$710,274$661,764$843,537
60$925,779$685,834$624,690$842,708
61$959,100$658,331$584,508$840,853
62$993,894$627,555$541,055$837,908
63$1,030,251$593,286$494,161$833,810
64$1,068,269$555,289$443,647$828,490
65$1,108,052$513,318$389,329$821,880
66$1,149,714$467,111$331,012$813,908
67$1,193,377$416,392$268,494$804,501
68$1,239,176$360,869$201,562$793,585
69$1,287,254$300,234$129,997$781,082
70$1,337,769$234,161$53,567$766,916
71$1,390,892$162,305$0$751,007
72$1,446,809$84,304$0$741,042
73$1,505,722$0$0$745,538
74$1,567,851$0$0$749,680
75$1,633,436$0$0$781,506
76$1,702,739$0$0$815,172
77$1,776,047$0$0$850,822
78$1,853,669$0$0$888,612
79$1,935,948$0$0$928,712
80$2,023,256$0$0$971,311
81$2,115,998$0$0$1,016,614
82$2,214,621$0$0$1,064,843
83$2,319,612$0$0$1,116,244
84$2,431,503$0$0$1,171,086
85$2,550,879$0$0$1,229,663
86$2,678,379$0$0$1,292,298
87$2,814,705$0$0$1,359,343
88$2,960,624$0$0$1,431,186
89$3,116,980$0$0$1,508,253
90$3,284,697$0$0$1,591,010
91$3,464,789$0$0$1,679,970
92$3,658,370$0$0$1,775,693
93$3,866,661$0$0$1,878,797
94$4,091,005$0$0$1,989,961
95$4,332,875$0$0$2,109,929
96$4,593,891$0$0$2,239,518
97$4,875,830$0$0$2,379,629
98$5,180,649$0$0$2,531,249
99$5,510,494$0$0$2,695,464
100$5,867,729$0$0$2,873,469