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%14.9%
1 years$60,696$60,155$59,627$59,113$58,610$57,427
2 years$30,047$29,488$28,945$28,420$27,909$26,722
3 years$19,833$19,271$18,730$18,209$17,707$16,553
4 years$14,726$14,166$13,630$13,118$12,629$11,517
5 years$11,663$11,106$10,578$10,076$9,600$8,534
6 years$9,622$9,069$8,548$8,058$7,596$6,577
7 years$8,164$7,616$7,104$6,625$6,178$5,205
8 years$7,072$6,528$6,025$5,557$5,125$4,199
9 years$6,222$5,684$5,189$4,734$4,316$3,436
10 years$5,543$5,010$4,524$4,081$3,678$2,842
11 years$4,988$4,460$3,983$3,551$3,163$2,371
12 years$4,525$4,003$3,535$3,115$2,741$1,992
13 years$4,134$3,618$3,158$2,750$2,390$1,683
14 years$3,800$3,289$2,837$2,441$2,095$1,428
15 years$3,510$3,004$2,562$2,177$1,845$1,217
16 years$3,256$2,756$2,323$1,949$1,630$1,040
17 years$3,033$2,538$2,113$1,751$1,446$891
18 years$2,835$2,346$1,929$1,578$1,285$765
19 years$2,657$2,174$1,766$1,426$1,146$658
20 years$2,498$2,020$1,621$1,292$1,023$567
21 years$2,354$1,882$1,491$1,172$916$489
22 years$2,223$1,756$1,374$1,066$821$423
23 years$2,104$1,643$1,269$971$737$366
24 years$1,995$1,539$1,173$885$662$317
25 years$1,895$1,444$1,087$809$596$274
26 years$1,803$1,358$1,008$739$537$238
27 years$1,717$1,278$936$677$484$206
28 years$1,638$1,204$870$620$437$179
29 years$1,565$1,136$810$569$394$155
30 years$1,496$1,073$754$522$356$135
31 years$1,432$1,014$703$479$322$117
32 years$1,372$959$656$440$291$102
33 years$1,316$909$613$405$264$88
34 years$1,264$861$572$373$239$77
35 years$1,214$817$535$343$216$67
36 years$1,167$775$501$316$196$58
37 years$1,123$736$469$291$178$50
38 years$1,082$700$439$268$161$44
39 years$1,042$665$411$247$146$38
40 years$1,005$633$385$228$132$33
41 years$969$603$361$211$120$29
42 years$936$574$339$194$109$25
43 years$904$547$318$179$99$22
44 years$873$521$298$166$90$19
45 years$844$497$280$153$82$17
46 years$817$474$263$141$74$14
47 years$790$452$247$131$67$13
48 years$765$432$232$121$61$11
49 years$741$412$218$111$55$9
50 years$718$394$205$103$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $735,000, adding $3,764 every year, while hoping to spend $25,706 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: 55/36/9 Blend
55$735,000$735,000$735,000$735,000
56$813,853$774,898$763,505$856,628
57$869,515$785,517$761,732$896,607
58$929,992$795,794$759,037$936,959
59$995,750$805,687$755,363$980,278
60$1,067,299$815,148$750,650$1,026,848
61$1,145,200$824,127$744,834$1,076,986
62$1,230,072$832,570$737,847$1,131,040
63$1,322,594$840,421$729,620$1,189,395
64$1,423,516$847,619$720,079$1,252,474
65$1,533,662$854,099$709,149$1,320,746
66$1,653,938$859,793$696,748$1,394,727
67$1,785,343$864,626$682,793$1,474,986
68$1,928,977$868,522$667,195$1,562,153
69$2,086,050$871,396$649,863$1,656,922
70$2,257,894$873,162$630,701$1,760,057
71$2,445,977$873,724$609,607$1,872,403
72$2,651,914$872,985$586,476$1,994,893
73$2,877,485$870,837$561,199$2,128,554
74$3,124,649$867,168$533,660$2,274,522
75$3,395,564$861,860$503,738$2,434,048
76$3,692,607$854,787$471,309$2,608,514
77$4,018,395$845,814$436,240$2,799,443
78$4,375,812$834,799$398,394$3,008,516
79$4,768,032$821,592$357,628$3,237,588
80$5,198,555$806,033$313,792$3,488,706
81$5,671,232$787,953$266,729$3,764,125
82$6,190,309$767,174$216,275$4,066,337
83$6,760,461$743,506$162,261$4,398,088
84$7,386,839$716,749$104,508$4,762,407
85$8,075,117$686,690$42,829$5,162,637
86$8,831,546$653,105$0$5,602,463
87$9,663,013$615,757$0$6,088,159
88$10,577,106$574,394$0$6,626,535
89$11,582,182$528,751$0$7,218,438
90$12,687,452$478,547$0$7,869,345
91$13,903,062$423,485$0$8,585,294
92$15,240,190$363,252$0$9,372,941
93$16,711,155$297,517$0$10,239,628
94$18,329,528$225,930$0$11,193,446
95$20,110,259$148,121$0$12,243,319
96$22,069,826$63,699$0$13,399,086
97$24,226,381$0$0$14,671,593
98$26,599,925$0$0$16,083,791
99$29,212,499$0$0$17,666,061
100$32,088,385$0$0$19,407,888