Can I retire at age 56 with 735,000?

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 $735,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$60,696$60,155$59,627$59,113$58,610$56,734
2 years$30,047$29,488$28,945$28,420$27,909$26,037
3 years$19,833$19,271$18,730$18,209$17,707$15,896
4 years$14,726$14,166$13,630$13,118$12,629$10,894
5 years$11,663$11,106$10,578$10,076$9,600$7,946
6 years$9,622$9,069$8,548$8,058$7,596$6,024
7 years$8,164$7,616$7,104$6,625$6,178$4,687
8 years$7,072$6,528$6,025$5,557$5,125$3,715
9 years$6,222$5,684$5,189$4,734$4,316$2,985
10 years$5,543$5,010$4,524$4,081$3,678$2,424
11 years$4,988$4,460$3,983$3,551$3,163$1,984
12 years$4,525$4,003$3,535$3,115$2,741$1,634
13 years$4,134$3,618$3,158$2,750$2,390$1,353
14 years$3,800$3,289$2,837$2,441$2,095$1,125
15 years$3,510$3,004$2,562$2,177$1,845$938
16 years$3,256$2,756$2,323$1,949$1,630$785
17 years$3,033$2,538$2,113$1,751$1,446$658
18 years$2,835$2,346$1,929$1,578$1,285$553
19 years$2,657$2,174$1,766$1,426$1,146$465
20 years$2,498$2,020$1,621$1,292$1,023$392
21 years$2,354$1,882$1,491$1,172$916$330
22 years$2,223$1,756$1,374$1,066$821$279
23 years$2,104$1,643$1,269$971$737$235
24 years$1,995$1,539$1,173$885$662$199
25 years$1,895$1,444$1,087$809$596$168
26 years$1,803$1,358$1,008$739$537$142
27 years$1,717$1,278$936$677$484$120
28 years$1,638$1,204$870$620$437$102
29 years$1,565$1,136$810$569$394$86
30 years$1,496$1,073$754$522$356$73
31 years$1,432$1,014$703$479$322$62
32 years$1,372$959$656$440$291$53
33 years$1,316$909$613$405$264$45
34 years$1,264$861$572$373$239$38
35 years$1,214$817$535$343$216$32
36 years$1,167$775$501$316$196$27
37 years$1,123$736$469$291$178$23
38 years$1,082$700$439$268$161$19
39 years$1,042$665$411$247$146$17
40 years$1,005$633$385$228$132$14
41 years$969$603$361$211$120$12
42 years$936$574$339$194$109$10
43 years$904$547$318$179$99$9
44 years$873$521$298$166$90$7
45 years$844$497$280$153$82$6
46 years$817$474$263$141$74$5
47 years$790$452$247$131$67$4
48 years$765$432$232$121$61$4
49 years$741$412$218$111$55$3
50 years$718$394$205$103$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $735,000, adding $3,769 every year, while hoping to spend $44,077 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: 34/38/28 Blend
55$735,000$735,000$735,000$735,000
56$813,858$774,903$763,510$834,529
57$849,974$765,975$742,190$841,516
58$888,296$755,133$718,679$844,841
59$929,004$742,236$692,856$847,576
60$972,291$727,135$664,596$849,696
61$1,018,373$709,673$633,768$851,182
62$1,067,483$689,683$600,235$852,015
63$1,119,877$666,988$563,854$852,179
64$1,175,836$641,402$524,474$851,663
65$1,235,667$612,726$481,940$850,456
66$1,299,708$580,753$436,088$848,555
67$1,368,328$545,259$386,746$845,961
68$1,441,933$506,012$333,737$842,681
69$1,520,967$462,764$276,875$838,730
70$1,605,920$415,253$215,964$834,129
71$1,697,327$363,204$150,802$828,912
72$1,795,777$306,324$81,177$823,120
73$1,901,916$244,304$6,866$816,810
74$2,016,455$176,818$0$810,050
75$2,140,175$103,524$0$824,567
76$2,273,932$24,056$0$842,420
77$2,418,669$0$0$861,756
78$2,575,423$0$0$908,711
79$2,745,332$0$0$970,601
80$2,929,649$0$0$1,037,833
81$3,129,752$0$0$1,110,923
82$3,347,155$0$0$1,190,435
83$3,583,526$0$0$1,276,992
84$3,840,698$0$0$1,371,281
85$4,120,688$0$0$1,474,053
86$4,425,717$0$0$1,586,140
87$4,758,228$0$0$1,708,454
88$5,120,909$0$0$1,842,001
89$5,516,719$0$0$1,987,888
90$5,948,917$0$0$2,147,332
91$6,421,089$0$0$2,321,674
92$6,937,181$0$0$2,512,392
93$7,501,540$0$0$2,721,111
94$8,118,953$0$0$2,949,621
95$8,794,687$0$0$3,199,895
96$9,534,546$0$0$3,474,104
97$10,344,919$0$0$3,774,638
98$11,232,841$0$0$4,104,131
99$12,206,064$0$0$4,465,483
100$13,273,120$0$0$4,861,889