Can I retire at age 56 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$60,530$59,991$59,465$58,952$58,450$57,601
2 years$29,966$29,407$28,867$28,342$27,834$26,979
3 years$19,779$19,218$18,679$18,159$17,659$16,826
4 years$14,686$14,127$13,593$13,083$12,594$11,790
5 years$11,631$11,076$10,549$10,049$9,574$8,801
6 years$9,596$9,044$8,525$8,036$7,576$6,834
7 years$8,142$7,595$7,084$6,607$6,161$5,451
8 years$7,052$6,511$6,008$5,542$5,111$4,433
9 years$6,205$5,669$5,175$4,721$4,304$3,658
10 years$5,528$4,997$4,512$4,069$3,667$3,052
11 years$4,974$4,448$3,972$3,542$3,154$2,569
12 years$4,513$3,993$3,525$3,106$2,733$2,178
13 years$4,123$3,608$3,149$2,743$2,384$1,857
14 years$3,789$3,280$2,830$2,435$2,089$1,591
15 years$3,500$2,996$2,555$2,171$1,840$1,368
16 years$3,247$2,749$2,316$1,944$1,626$1,181
17 years$3,025$2,532$2,108$1,747$1,442$1,022
18 years$2,827$2,339$1,924$1,574$1,282$887
19 years$2,650$2,168$1,761$1,422$1,143$771
20 years$2,491$2,015$1,617$1,288$1,021$671
21 years$2,348$1,877$1,487$1,169$913$585
22 years$2,217$1,752$1,370$1,063$819$511
23 years$2,098$1,638$1,265$968$735$447
24 years$1,990$1,535$1,170$883$660$391
25 years$1,890$1,441$1,084$806$594$342
26 years$1,798$1,354$1,005$737$535$300
27 years$1,713$1,274$933$675$483$263
28 years$1,634$1,201$868$618$436$231
29 years$1,560$1,133$808$567$393$203
30 years$1,492$1,070$752$520$355$178
31 years$1,428$1,011$701$478$321$157
32 years$1,369$957$654$439$291$138
33 years$1,313$906$611$404$263$121
34 years$1,260$859$571$372$238$106
35 years$1,211$815$534$342$216$94
36 years$1,164$773$499$315$195$82
37 years$1,120$734$467$290$177$72
38 years$1,079$698$438$268$161$64
39 years$1,039$664$410$247$146$56
40 years$1,002$631$384$228$132$49
41 years$967$601$360$210$120$43
42 years$933$572$338$194$109$38
43 years$901$545$317$179$99$34
44 years$871$520$298$165$90$30
45 years$842$496$280$153$81$26
46 years$814$473$263$141$74$23
47 years$788$451$247$130$67$20
48 years$763$431$232$120$61$18
49 years$739$411$218$111$55$16
50 years$716$393$205$103$50$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $733,000, adding $3,830 every year, while hoping to spend $48,806 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: 49/42/9 Blend
55$733,000$733,000$733,000$733,000
56$811,717$772,868$761,506$849,362
57$842,583$758,809$735,087$861,489
58$874,961$742,426$706,148$869,183
59$908,955$723,552$674,552$876,409
60$944,675$702,014$640,156$883,136
61$982,244$677,624$602,814$889,336
62$1,021,793$650,188$562,368$894,978
63$1,063,466$619,497$518,657$900,034
64$1,107,420$585,332$471,512$904,475
65$1,153,824$547,461$420,755$908,275
66$1,202,865$505,637$366,201$911,410
67$1,254,745$459,602$307,657$913,856
68$1,309,687$409,081$244,922$915,593
69$1,367,932$353,783$177,784$916,606
70$1,429,745$293,402$106,023$916,881
71$1,495,415$227,614$29,411$916,410
72$1,565,258$156,078$0$915,193
73$1,639,620$78,431$0$918,259
74$1,718,880$0$0$923,937
75$1,803,454$0$0$932,081
76$1,893,795$0$0$979,549
77$1,990,402$0$0$1,030,358
78$2,093,822$0$0$1,084,803
79$2,204,653$0$0$1,143,207
80$2,323,552$0$0$1,205,921
81$2,451,241$0$0$1,273,335
82$2,588,511$0$0$1,345,874
83$2,736,231$0$0$1,424,006
84$2,895,354$0$0$1,508,244
85$3,066,929$0$0$1,599,152
86$3,252,106$0$0$1,697,351
87$3,452,150$0$0$1,803,521
88$3,668,452$0$0$1,918,411
89$3,902,537$0$0$2,042,845
90$4,156,086$0$0$2,177,726
91$4,430,946$0$0$2,324,051
92$4,729,145$0$0$2,482,913
93$5,052,918$0$0$2,655,515
94$5,404,719$0$0$2,843,183
95$5,787,251$0$0$3,047,372
96$6,203,486$0$0$3,269,685
97$6,656,693$0$0$3,511,885
98$7,150,472$0$0$3,775,914
99$7,688,782$0$0$4,063,907
100$8,275,982$0$0$4,378,215