Can I retire at age 56 with 736,000?

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 $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$60,778$60,237$59,709$59,193$58,690$56,361
2 years$30,088$29,528$28,985$28,458$27,947$25,630
3 years$19,860$19,297$18,755$18,233$17,731$15,498
4 years$14,746$14,185$13,649$13,136$12,646$10,515
5 years$11,679$11,121$10,592$10,090$9,613$7,589
6 years$9,635$9,081$8,560$8,069$7,607$5,690
7 years$8,175$7,627$7,113$6,634$6,186$4,377
8 years$7,081$6,537$6,033$5,565$5,132$3,429
9 years$6,231$5,692$5,196$4,740$4,322$2,721
10 years$5,551$5,017$4,530$4,086$3,683$2,182
11 years$4,995$4,467$3,988$3,556$3,167$1,763
12 years$4,532$4,009$3,539$3,119$2,745$1,433
13 years$4,140$3,623$3,162$2,754$2,393$1,170
14 years$3,805$3,293$2,841$2,444$2,098$959
15 years$3,515$3,008$2,565$2,180$1,847$789
16 years$3,261$2,760$2,326$1,952$1,633$650
17 years$3,037$2,542$2,116$1,754$1,448$537
18 years$2,838$2,349$1,932$1,581$1,287$445
19 years$2,661$2,177$1,769$1,428$1,147$368
20 years$2,501$2,023$1,623$1,293$1,025$306
21 years$2,357$1,884$1,493$1,174$917$254
22 years$2,226$1,759$1,376$1,067$822$211
23 years$2,107$1,645$1,271$972$738$175
24 years$1,998$1,541$1,175$887$663$146
25 years$1,898$1,446$1,088$810$597$121
26 years$1,805$1,359$1,009$740$538$101
27 years$1,720$1,279$937$678$485$84
28 years$1,640$1,206$871$621$437$70
29 years$1,567$1,137$811$569$395$58
30 years$1,498$1,074$755$523$357$49
31 years$1,434$1,015$704$480$323$41
32 years$1,374$961$657$441$292$34
33 years$1,318$910$613$406$264$28
34 years$1,265$862$573$373$239$23
35 years$1,216$818$536$344$217$20
36 years$1,169$776$501$316$196$16
37 years$1,125$737$469$291$178$14
38 years$1,083$701$439$269$161$11
39 years$1,044$666$412$248$146$9
40 years$1,006$634$386$228$133$8
41 years$971$603$362$211$120$7
42 years$937$575$339$195$109$5
43 years$905$548$318$180$99$5
44 years$874$522$299$166$90$4
45 years$845$498$281$153$82$3
46 years$818$475$264$141$74$3
47 years$791$453$248$131$67$2
48 years$766$433$233$121$61$2
49 years$742$413$219$112$56$2
50 years$719$395$206$103$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $736,000, adding $2,114 every year, while hoping to spend $41,638 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: 47/44/9 Blend
55$736,000$736,000$736,000$736,000
56$813,253$774,245$762,837$849,374
57$851,902$767,880$744,089$868,081
58$893,098$759,808$723,318$883,861
59$937,056$749,901$700,412$900,030
60$984,014$738,024$675,253$916,637
61$1,034,229$724,033$647,720$933,738
62$1,087,987$707,777$617,685$951,399
63$1,145,598$689,095$585,014$969,694
64$1,207,404$667,816$549,568$988,710
65$1,273,781$643,761$511,200$1,008,543
66$1,345,140$616,738$469,758$1,029,305
67$1,421,933$586,547$425,083$1,051,122
68$1,504,656$552,973$377,009$1,074,138
69$1,593,853$515,791$325,361$1,098,513
70$1,690,124$474,763$269,959$1,124,432
71$1,794,125$429,635$210,612$1,152,101
72$1,906,581$380,142$147,122$1,181,753
73$2,028,285$326,002$79,283$1,213,651
74$2,160,111$266,916$6,880$1,248,089
75$2,303,018$202,572$0$1,285,398
76$2,458,063$132,635$0$1,332,711
77$2,626,408$56,756$0$1,384,829
78$2,809,328$0$0$1,441,581
79$3,008,229$0$0$1,515,830
80$3,224,658$0$0$1,626,596
81$3,460,314$0$0$1,747,279
82$3,717,070$0$0$1,878,847
83$3,996,984$0$0$2,022,365
84$4,302,324$0$0$2,179,006
85$4,635,585$0$0$2,350,061
86$4,999,513$0$0$2,536,950
87$5,397,131$0$0$2,741,239
88$5,831,767$0$0$2,964,649
89$6,307,086$0$0$3,209,076
90$6,827,123$0$0$3,476,609
91$7,396,321$0$0$3,769,547
92$8,019,570$0$0$4,090,422
93$8,702,259$0$0$4,442,022
94$9,450,321$0$0$4,827,418
95$10,270,288$0$0$5,249,993
96$11,169,356$0$0$5,713,470
97$12,155,452$0$0$6,221,954
98$13,237,305$0$0$6,779,962
99$14,424,529$0$0$7,392,474
100$15,727,717$0$0$8,064,972