Can I retire at age 56 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$60,448$59,909$59,384$58,871$58,371$57,239
2 years$29,925$29,367$28,827$28,304$27,796$26,660
3 years$19,752$19,192$18,653$18,134$17,635$16,531
4 years$14,666$14,108$13,575$13,065$12,577$11,513
5 years$11,616$11,061$10,535$10,035$9,561$8,540
6 years$9,583$9,032$8,513$8,025$7,565$6,589
7 years$8,131$7,585$7,075$6,598$6,153$5,220
8 years$7,043$6,502$6,000$5,535$5,104$4,216
9 years$6,197$5,661$5,168$4,714$4,298$3,454
10 years$5,520$4,990$4,505$4,064$3,662$2,861
11 years$4,967$4,442$3,966$3,537$3,150$2,390
12 years$4,507$3,987$3,520$3,102$2,730$2,010
13 years$4,118$3,603$3,145$2,739$2,380$1,701
14 years$3,784$3,275$2,826$2,431$2,087$1,445
15 years$3,495$2,992$2,551$2,168$1,837$1,233
16 years$3,243$2,745$2,313$1,941$1,624$1,055
17 years$3,021$2,528$2,105$1,744$1,440$905
18 years$2,823$2,336$1,921$1,572$1,280$779
19 years$2,647$2,165$1,759$1,420$1,141$671
20 years$2,488$2,012$1,614$1,286$1,019$579
21 years$2,344$1,874$1,485$1,168$912$500
22 years$2,214$1,749$1,369$1,062$817$433
23 years$2,096$1,636$1,264$967$734$375
24 years$1,987$1,533$1,169$882$660$325
25 years$1,887$1,439$1,082$805$594$282
26 years$1,795$1,352$1,004$736$535$245
27 years$1,710$1,272$932$674$482$213
28 years$1,631$1,199$867$617$435$185
29 years$1,558$1,131$806$566$393$161
30 years$1,490$1,068$751$520$355$140
31 years$1,426$1,010$700$477$321$122
32 years$1,367$955$653$439$290$106
33 years$1,311$905$610$403$263$92
34 years$1,258$858$570$371$238$80
35 years$1,209$813$533$342$215$70
36 years$1,163$772$499$315$195$61
37 years$1,119$733$467$290$177$53
38 years$1,077$697$437$267$160$46
39 years$1,038$663$409$246$145$40
40 years$1,001$630$384$227$132$35
41 years$965$600$360$210$120$31
42 years$932$572$338$194$109$27
43 years$900$545$317$179$99$23
44 years$870$519$297$165$89$20
45 years$841$495$279$152$81$18
46 years$813$472$262$141$74$15
47 years$787$451$246$130$67$13
48 years$762$430$231$120$61$12
49 years$738$411$218$111$55$10
50 years$715$392$205$103$50$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $732,000, adding $5,271 every year, while hoping to spend $44,810 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: 53/33/14 Blend
55$732,000$732,000$732,000$732,000
56$812,101$773,305$761,959$851,851
57$847,258$763,519$739,807$869,772
58$884,499$751,753$715,411$884,032
59$923,989$737,860$688,649$898,531
60$965,910$721,689$659,392$913,304
61$1,010,458$703,077$627,507$928,390
62$1,057,850$681,853$592,854$943,836
63$1,108,322$657,835$555,286$959,696
64$1,162,133$630,831$514,650$976,033
65$1,219,566$600,638$470,787$992,919
66$1,280,934$567,041$423,530$1,010,437
67$1,346,575$529,812$372,705$1,028,683
68$1,416,864$488,711$318,129$1,047,765
69$1,492,210$443,484$259,612$1,067,807
70$1,573,062$393,861$196,956$1,088,949
71$1,659,914$339,559$129,953$1,111,352
72$1,753,306$280,279$58,387$1,135,196
73$1,853,832$215,702$0$1,160,686
74$1,962,146$145,494$0$1,190,740
75$2,078,963$69,301$0$1,232,415
76$2,205,070$0$0$1,277,310
77$2,341,333$0$0$1,330,604
78$2,488,703$0$0$1,415,516
79$2,648,223$0$0$1,507,487
80$2,821,044$0$0$1,607,189
81$3,008,427$0$0$1,715,357
82$3,211,762$0$0$1,832,802
83$3,432,576$0$0$1,960,414
84$3,672,549$0$0$2,099,173
85$3,933,530$0$0$2,250,159
86$4,217,551$0$0$2,414,556
87$4,526,852$0$0$2,593,670
88$4,863,893$0$0$2,788,938
89$5,231,384$0$0$3,001,941
90$5,632,307$0$0$3,234,419
91$6,069,945$0$0$3,488,288
92$6,547,911$0$0$3,765,656
93$7,070,184$0$0$4,068,844
94$7,641,141$0$0$4,400,410
95$8,265,604$0$0$4,763,166
96$8,948,882$0$0$5,160,211
97$9,696,820$0$0$5,594,958
98$10,515,855$0$0$6,071,164
99$11,413,076$0$0$6,592,967
100$12,396,288$0$0$7,164,924