Can I retire at age 56 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$60,861$60,319$59,790$59,274$58,769$58,399
2 years$30,129$29,568$29,024$28,497$27,985$27,612
3 years$19,887$19,323$18,781$18,258$17,755$17,390
4 years$14,766$14,204$13,667$13,154$12,663$12,309
5 years$11,695$11,136$10,606$10,104$9,626$9,284
6 years$9,648$9,094$8,572$8,080$7,617$7,288
7 years$8,187$7,637$7,123$6,643$6,195$5,878
8 years$7,091$6,546$6,041$5,573$5,139$4,835
9 years$6,239$5,700$5,203$4,747$4,328$4,037
10 years$5,558$5,024$4,536$4,092$3,688$3,409
11 years$5,001$4,473$3,994$3,561$3,171$2,905
12 years$4,538$4,014$3,544$3,123$2,748$2,494
13 years$4,146$3,628$3,166$2,758$2,397$2,155
14 years$3,810$3,298$2,845$2,448$2,101$1,871
15 years$3,519$3,012$2,569$2,183$1,850$1,631
16 years$3,265$2,764$2,329$1,955$1,635$1,427
17 years$3,041$2,545$2,119$1,756$1,449$1,252
18 years$2,842$2,352$1,935$1,583$1,289$1,102
19 years$2,665$2,180$1,771$1,430$1,149$972
20 years$2,505$2,026$1,625$1,295$1,026$859
21 years$2,360$1,887$1,495$1,176$918$760
22 years$2,229$1,761$1,378$1,069$823$674
23 years$2,110$1,647$1,272$973$739$598
24 years$2,001$1,543$1,177$888$664$532
25 years$1,900$1,448$1,090$811$598$473
26 years$1,808$1,361$1,011$741$538$421
27 years$1,722$1,281$939$679$485$375
28 years$1,643$1,207$872$622$438$335
29 years$1,569$1,139$812$570$395$299
30 years$1,500$1,075$756$523$357$267
31 years$1,436$1,017$705$481$323$238
32 years$1,376$962$658$442$292$213
33 years$1,320$911$614$406$264$190
34 years$1,267$863$574$374$239$170
35 years$1,217$819$537$344$217$152
36 years$1,171$777$502$317$196$136
37 years$1,126$738$470$292$178$122
38 years$1,085$702$440$269$161$109
39 years$1,045$667$412$248$146$98
40 years$1,008$635$386$229$133$87
41 years$972$604$362$211$120$78
42 years$938$575$340$195$109$70
43 years$906$548$319$180$99$63
44 years$876$523$299$166$90$56
45 years$847$498$281$153$82$50
46 years$819$475$264$142$74$45
47 years$792$454$248$131$67$41
48 years$767$433$233$121$61$36
49 years$743$414$219$112$56$33
50 years$720$395$206$103$50$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $737,000, adding $4,935 every year, while hoping to spend $55,478 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: 58/35/7 Blend
55$737,000$737,000$737,000$737,000
56$817,264$778,203$766,780$863,152
57$841,597$757,307$733,439$873,664
58$866,553$733,528$697,122$878,403
59$892,135$706,665$657,670$882,189
60$918,349$676,508$614,918$884,934
61$945,197$642,832$568,693$886,546
62$972,677$605,401$518,815$886,925
63$1,000,789$563,965$465,094$885,964
64$1,029,529$518,259$407,334$883,550
65$1,058,890$468,003$345,329$879,561
66$1,088,864$412,901$278,864$873,867
67$1,119,436$352,642$207,714$866,329
68$1,150,591$286,894$131,645$856,799
69$1,182,309$215,309$50,413$845,118
70$1,214,564$137,519$0$831,117
71$1,247,326$53,134$0$817,324
72$1,280,560$0$0$805,030
73$1,314,223$0$0$805,014
74$1,348,265$0$0$825,670
75$1,382,630$0$0$846,498
76$1,417,250$0$0$867,453
77$1,452,049$0$0$888,486
78$1,486,941$0$0$909,540
79$1,521,825$0$0$930,550
80$1,556,589$0$0$951,442
81$1,591,104$0$0$972,133
82$1,625,226$0$0$992,530
83$1,658,790$0$0$1,012,526
84$1,691,614$0$0$1,032,003
85$1,723,490$0$0$1,050,827
86$1,754,186$0$0$1,068,847
87$1,783,442$0$0$1,085,898
88$1,810,968$0$0$1,101,790
89$1,836,438$0$0$1,116,315
90$1,859,491$0$0$1,129,239
91$1,879,720$0$0$1,140,301
92$1,896,675$0$0$1,149,212
93$1,909,854$0$0$1,155,649
94$1,918,699$0$0$1,159,253
95$1,922,587$0$0$1,159,625
96$1,920,831$0$0$1,156,322
97$1,912,662$0$0$1,148,852
98$1,897,232$0$0$1,136,670
99$1,873,596$0$0$1,119,170
100$1,840,709$0$0$1,095,681