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%18.5%
1 years$60,861$60,319$59,790$59,274$58,769$56,752
2 years$30,129$29,568$29,024$28,497$27,985$25,973
3 years$19,887$19,323$18,781$18,258$17,755$15,812
4 years$14,766$14,204$13,667$13,154$12,663$10,803
5 years$11,695$11,136$10,606$10,104$9,626$7,855
6 years$9,648$9,094$8,572$8,080$7,617$5,935
7 years$8,187$7,637$7,123$6,643$6,195$4,603
8 years$7,091$6,546$6,041$5,573$5,139$3,635
9 years$6,239$5,700$5,203$4,747$4,328$2,910
10 years$5,558$5,024$4,536$4,092$3,688$2,354
11 years$5,001$4,473$3,994$3,561$3,171$1,919
12 years$4,538$4,014$3,544$3,123$2,748$1,575
13 years$4,146$3,628$3,166$2,758$2,397$1,299
14 years$3,810$3,298$2,845$2,448$2,101$1,075
15 years$3,519$3,012$2,569$2,183$1,850$893
16 years$3,265$2,764$2,329$1,955$1,635$744
17 years$3,041$2,545$2,119$1,756$1,449$621
18 years$2,842$2,352$1,935$1,583$1,289$519
19 years$2,665$2,180$1,771$1,430$1,149$435
20 years$2,505$2,026$1,625$1,295$1,026$364
21 years$2,360$1,887$1,495$1,176$918$306
22 years$2,229$1,761$1,378$1,069$823$257
23 years$2,110$1,647$1,272$973$739$216
24 years$2,001$1,543$1,177$888$664$182
25 years$1,900$1,448$1,090$811$598$153
26 years$1,808$1,361$1,011$741$538$129
27 years$1,722$1,281$939$679$485$108
28 years$1,643$1,207$872$622$438$91
29 years$1,569$1,139$812$570$395$77
30 years$1,500$1,075$756$523$357$65
31 years$1,436$1,017$705$481$323$55
32 years$1,376$962$658$442$292$46
33 years$1,320$911$614$406$264$39
34 years$1,267$863$574$374$239$33
35 years$1,217$819$537$344$217$28
36 years$1,171$777$502$317$196$23
37 years$1,126$738$470$292$178$20
38 years$1,085$702$440$269$161$17
39 years$1,045$667$412$248$146$14
40 years$1,008$635$386$229$133$12
41 years$972$604$362$211$120$10
42 years$938$575$340$195$109$8
43 years$906$548$319$180$99$7
44 years$876$523$299$166$90$6
45 years$847$498$281$153$82$5
46 years$819$475$264$142$74$4
47 years$792$454$248$131$67$4
48 years$767$433$233$121$61$3
49 years$743$414$219$112$56$3
50 years$720$395$206$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $737,000, adding $4,233 every year, while hoping to spend $54,363 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: 45/46/9 Blend
55$737,000$737,000$737,000$737,000
56$816,540$777,479$766,056$851,030
57$841,986$757,734$733,877$855,572
58$868,204$735,199$698,798$854,568
59$895,218$709,681$660,664$852,237
60$923,048$680,973$619,315$848,478
61$951,718$648,859$574,580$843,181
62$981,249$613,109$526,285$836,230
63$1,011,664$573,480$474,243$827,501
64$1,042,988$529,714$418,264$816,866
65$1,075,242$481,539$358,146$804,184
66$1,108,451$428,669$293,678$789,311
67$1,142,639$370,800$224,642$772,092
68$1,177,830$307,611$150,809$752,361
69$1,214,047$238,762$71,940$729,946
70$1,251,315$163,897$0$704,663
71$1,289,657$82,636$0$677,491
72$1,329,098$0$0$654,499
73$1,369,660$0$0$631,322
74$1,411,367$0$0$650,496
75$1,454,242$0$0$670,201
76$1,498,305$0$0$690,447
77$1,543,578$0$0$711,242
78$1,590,081$0$0$732,595
79$1,637,832$0$0$754,514
80$1,686,850$0$0$777,004
81$1,737,149$0$0$800,073
82$1,788,743$0$0$823,725
83$1,841,643$0$0$847,964
84$1,895,859$0$0$872,792
85$1,951,395$0$0$898,211
86$2,008,253$0$0$924,218
87$2,066,433$0$0$950,812
88$2,125,927$0$0$977,986
89$2,186,724$0$0$1,005,733
90$2,248,806$0$0$1,034,041
91$2,312,151$0$0$1,062,898
92$2,376,727$0$0$1,092,285
93$2,442,494$0$0$1,122,180
94$2,509,406$0$0$1,152,556
95$2,577,402$0$0$1,183,381
96$2,646,413$0$0$1,214,619
97$2,716,356$0$0$1,246,225
98$2,787,133$0$0$1,278,148
99$2,858,631$0$0$1,310,328
100$2,930,720$0$0$1,342,698