Can I retire at age 56 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$60,200$59,664$59,141$58,630$58,131$56,911
2 years$29,802$29,247$28,709$28,188$27,682$26,458
3 years$19,671$19,113$18,577$18,060$17,562$16,374
4 years$14,606$14,050$13,519$13,011$12,526$11,381
5 years$11,568$11,016$10,491$9,994$9,522$8,424
6 years$9,543$8,995$8,479$7,992$7,534$6,485
7 years$8,098$7,554$7,046$6,571$6,127$5,127
8 years$7,014$6,475$5,975$5,512$5,083$4,131
9 years$6,171$5,638$5,147$4,695$4,281$3,376
10 years$5,498$4,969$4,487$4,047$3,647$2,789
11 years$4,947$4,424$3,950$3,522$3,137$2,324
12 years$4,488$3,971$3,506$3,090$2,718$1,950
13 years$4,101$3,588$3,132$2,728$2,371$1,645
14 years$3,769$3,262$2,814$2,421$2,078$1,395
15 years$3,481$2,980$2,541$2,159$1,830$1,186
16 years$3,230$2,734$2,304$1,933$1,617$1,012
17 years$3,008$2,518$2,096$1,737$1,434$866
18 years$2,811$2,326$1,914$1,566$1,275$743
19 years$2,636$2,156$1,752$1,415$1,136$638
20 years$2,478$2,004$1,608$1,281$1,015$549
21 years$2,335$1,866$1,479$1,163$908$473
22 years$2,205$1,742$1,363$1,057$814$408
23 years$2,087$1,629$1,258$963$731$352
24 years$1,979$1,527$1,164$878$657$304
25 years$1,879$1,433$1,078$802$591$263
26 years$1,788$1,346$1,000$733$532$228
27 years$1,703$1,267$928$671$480$197
28 years$1,625$1,194$863$615$433$171
29 years$1,552$1,126$803$564$391$148
30 years$1,484$1,064$748$518$353$128
31 years$1,421$1,006$697$475$320$111
32 years$1,361$952$651$437$289$97
33 years$1,306$901$608$402$262$84
34 years$1,253$854$568$370$237$73
35 years$1,204$810$531$340$214$63
36 years$1,158$769$496$313$194$55
37 years$1,114$730$465$289$176$48
38 years$1,073$694$435$266$160$41
39 years$1,034$660$408$245$145$36
40 years$997$628$382$226$131$31
41 years$962$598$358$209$119$27
42 years$928$569$336$193$108$23
43 years$896$542$315$178$98$20
44 years$866$517$296$164$89$18
45 years$837$493$278$152$81$15
46 years$810$470$261$140$73$13
47 years$784$449$245$129$67$12
48 years$759$428$231$120$61$10
49 years$735$409$217$111$55$9
50 years$712$391$204$102$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $729,000, adding $4,703 every year, while hoping to spend $48,610 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: 42/37/21 Blend
55$729,000$729,000$729,000$729,000
56$808,209$769,572$758,273$837,007
57$838,926$755,561$731,954$843,921
58$871,146$739,233$703,125$846,351
59$904,973$720,425$671,649$847,990
60$940,516$698,962$637,385$848,792
61$977,897$674,659$600,186$848,709
62$1,017,246$647,321$559,896$847,691
63$1,058,707$616,741$516,354$845,691
64$1,102,434$582,701$469,390$842,658
65$1,148,596$544,967$418,829$838,543
66$1,197,380$503,297$364,487$833,296
67$1,248,985$457,432$306,170$826,869
68$1,303,633$407,097$243,678$819,214
69$1,361,563$352,005$176,801$810,285
70$1,423,039$291,849$105,319$800,036
71$1,488,346$226,307$29,005$788,428
72$1,557,800$155,039$0$775,420
73$1,631,744$77,684$0$772,728
74$1,710,554$0$0$776,272
75$1,794,643$0$0$782,080
76$1,884,462$0$0$822,122
77$1,980,505$0$0$864,997
78$2,083,315$0$0$910,954
79$2,193,486$0$0$960,268
80$2,311,673$0$0$1,013,238
81$2,438,589$0$0$1,070,193
82$2,575,021$0$0$1,131,498
83$2,721,832$0$0$1,197,547
84$2,879,968$0$0$1,268,779
85$3,050,470$0$0$1,345,672
86$3,234,481$0$0$1,428,754
87$3,433,256$0$0$1,518,604
88$3,648,176$0$0$1,615,859
89$3,880,756$0$0$1,721,217
90$4,132,664$0$0$1,835,449
91$4,405,733$0$0$1,959,401
92$4,701,978$0$0$2,094,003
93$5,023,616$0$0$2,240,279
94$5,373,086$0$0$2,399,355
95$5,753,069$0$0$2,572,469
96$6,166,516$0$0$2,760,985
97$6,616,673$0$0$2,966,402
98$7,107,114$0$0$3,190,372
99$7,641,769$0$0$3,434,711
100$8,224,965$0$0$3,701,418