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%15.2%
1 years$60,778$60,237$59,709$59,193$58,690$57,434
2 years$30,088$29,528$28,985$28,458$27,947$26,689
3 years$19,860$19,297$18,755$18,233$17,731$16,508
4 years$14,746$14,185$13,649$13,136$12,646$11,469
5 years$11,679$11,121$10,592$10,090$9,613$8,485
6 years$9,635$9,081$8,560$8,069$7,607$6,528
7 years$8,175$7,627$7,113$6,634$6,186$5,158
8 years$7,081$6,537$6,033$5,565$5,132$4,154
9 years$6,231$5,692$5,196$4,740$4,322$3,393
10 years$5,551$5,017$4,530$4,086$3,683$2,801
11 years$4,995$4,467$3,988$3,556$3,167$2,333
12 years$4,532$4,009$3,539$3,119$2,745$1,956
13 years$4,140$3,623$3,162$2,754$2,393$1,649
14 years$3,805$3,293$2,841$2,444$2,098$1,397
15 years$3,515$3,008$2,565$2,180$1,847$1,187
16 years$3,261$2,760$2,326$1,952$1,633$1,013
17 years$3,037$2,542$2,116$1,754$1,448$866
18 years$2,838$2,349$1,932$1,581$1,287$742
19 years$2,661$2,177$1,769$1,428$1,147$637
20 years$2,501$2,023$1,623$1,293$1,025$547
21 years$2,357$1,884$1,493$1,174$917$471
22 years$2,226$1,759$1,376$1,067$822$406
23 years$2,107$1,645$1,271$972$738$351
24 years$1,998$1,541$1,175$887$663$303
25 years$1,898$1,446$1,088$810$597$262
26 years$1,805$1,359$1,009$740$538$226
27 years$1,720$1,279$937$678$485$196
28 years$1,640$1,206$871$621$437$169
29 years$1,567$1,137$811$569$395$147
30 years$1,498$1,074$755$523$357$127
31 years$1,434$1,015$704$480$323$110
32 years$1,374$961$657$441$292$95
33 years$1,318$910$613$406$264$83
34 years$1,265$862$573$373$239$72
35 years$1,216$818$536$344$217$62
36 years$1,169$776$501$316$196$54
37 years$1,125$737$469$291$178$47
38 years$1,083$701$439$269$161$41
39 years$1,044$666$412$248$146$35
40 years$1,006$634$386$228$133$31
41 years$971$603$362$211$120$26
42 years$937$575$339$195$109$23
43 years$905$548$318$180$99$20
44 years$874$522$299$166$90$17
45 years$845$498$281$153$82$15
46 years$818$475$264$141$74$13
47 years$791$453$248$131$67$11
48 years$766$433$233$121$61$10
49 years$742$413$219$112$56$9
50 years$719$395$206$103$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $736,000, adding $4,728 every year, while hoping to spend $46,455 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: 30/44/26 Blend
55$736,000$736,000$736,000$736,000
56$815,949$776,941$765,533$833,767
57$849,748$765,583$741,751$836,614
58$885,438$752,112$715,614$835,267
59$923,161$736,375$686,997$832,882
60$963,076$718,210$655,764$829,402
61$1,005,354$697,446$621,776$824,767
62$1,050,181$673,902$584,886$818,914
63$1,097,763$647,386$544,943$811,784
64$1,148,323$617,696$501,786$803,312
65$1,202,105$584,616$455,250$793,437
66$1,259,377$547,920$405,158$782,096
67$1,320,433$507,368$351,330$769,225
68$1,385,594$462,705$293,576$754,762
69$1,455,211$413,664$231,698$738,648
70$1,529,669$359,961$165,487$720,823
71$1,609,393$301,296$94,728$701,231
72$1,694,845$237,354$19,195$679,817
73$1,786,533$167,798$0$656,534
74$1,885,017$92,278$0$648,373
75$1,990,908$10,418$0$645,049
76$2,104,879$0$0$641,273
77$2,227,668$0$0$674,943
78$2,360,086$0$0$716,783
79$2,503,025$0$0$762,040
80$2,657,463$0$0$811,035
81$2,824,477$0$0$864,123
82$3,005,248$0$0$921,692
83$3,201,078$0$0$984,170
84$3,413,395$0$0$1,052,027
85$3,643,771$0$0$1,125,782
86$3,893,935$0$0$1,206,002
87$4,165,788$0$0$1,293,315
88$4,461,422$0$0$1,388,409
89$4,783,140$0$0$1,492,043
90$5,133,471$0$0$1,605,051
91$5,515,204$0$0$1,728,351
92$5,931,405$0$0$1,862,955
93$6,385,448$0$0$2,009,976
94$6,881,047$0$0$2,170,638
95$7,422,294$0$0$2,346,291
96$8,013,687$0$0$2,538,419
97$8,660,184$0$0$2,748,657
98$9,367,240$0$0$2,978,806
99$10,140,863$0$0$3,230,849
100$10,987,668$0$0$3,506,968