Can I retire at age 56 with 738,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$60,943$60,400$59,871$59,354$58,849$56,492
2 years$30,170$29,608$29,064$28,536$28,023$25,678
3 years$19,914$19,349$18,806$18,283$17,779$15,520
4 years$14,786$14,224$13,686$13,172$12,680$10,524
5 years$11,711$11,152$10,621$10,117$9,639$7,591
6 years$9,661$9,106$8,583$8,091$7,627$5,689
7 years$8,198$7,647$7,133$6,652$6,203$4,374
8 years$7,100$6,555$6,049$5,580$5,146$3,424
9 years$6,248$5,707$5,210$4,753$4,334$2,716
10 years$5,566$5,031$4,542$4,097$3,693$2,176
11 years$5,008$4,479$3,999$3,566$3,176$1,757
12 years$4,544$4,020$3,549$3,128$2,752$1,427
13 years$4,151$3,633$3,171$2,761$2,400$1,165
14 years$3,815$3,302$2,849$2,451$2,104$954
15 years$3,524$3,016$2,572$2,186$1,852$784
16 years$3,270$2,768$2,332$1,957$1,637$646
17 years$3,045$2,549$2,122$1,759$1,451$533
18 years$2,846$2,355$1,937$1,585$1,291$441
19 years$2,668$2,183$1,773$1,432$1,150$365
20 years$2,508$2,028$1,628$1,297$1,027$303
21 years$2,364$1,889$1,497$1,177$919$251
22 years$2,232$1,764$1,380$1,070$824$208
23 years$2,113$1,649$1,274$975$740$173
24 years$2,003$1,545$1,178$889$665$144
25 years$1,903$1,450$1,091$812$598$120
26 years$1,810$1,363$1,012$742$539$100
27 years$1,724$1,283$940$679$486$83
28 years$1,645$1,209$874$623$438$69
29 years$1,571$1,140$813$571$396$57
30 years$1,502$1,077$757$524$358$48
31 years$1,438$1,018$706$481$323$40
32 years$1,378$963$659$442$293$33
33 years$1,322$912$615$407$265$28
34 years$1,269$865$575$374$240$23
35 years$1,219$820$537$344$217$19
36 years$1,172$778$503$317$197$16
37 years$1,128$739$470$292$178$13
38 years$1,086$703$441$269$162$11
39 years$1,046$668$413$248$147$9
40 years$1,009$636$387$229$133$8
41 years$973$605$363$211$121$6
42 years$940$576$340$195$109$5
43 years$907$549$319$180$99$4
44 years$877$523$300$166$90$4
45 years$848$499$281$154$82$3
46 years$820$476$264$142$74$3
47 years$793$454$248$131$67$2
48 years$768$434$233$121$61$2
49 years$744$414$219$112$56$1
50 years$721$396$206$103$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $738,000, adding $6,315 every year, while hoping to spend $30,298 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: 58/29/13 Blend
55$738,000$738,000$738,000$738,000
56$819,790$780,676$769,237$864,311
57$871,172$786,692$762,770$901,125
58$926,779$791,988$755,070$937,323
59$987,011$796,495$746,065$976,063
60$1,052,305$800,144$735,678$1,017,595
61$1,123,146$802,856$723,829$1,062,193
62$1,200,063$804,552$710,433$1,110,161
63$1,283,639$805,145$695,402$1,161,833
64$1,374,517$804,544$678,645$1,217,579
65$1,473,403$802,651$660,065$1,277,809
66$1,581,074$799,365$639,561$1,342,974
67$1,698,384$794,575$617,027$1,413,574
68$1,826,276$788,166$592,354$1,490,161
69$1,965,785$780,014$565,426$1,573,342
70$2,118,050$769,990$536,123$1,663,792
71$2,284,326$757,955$504,318$1,762,253
72$2,465,995$743,762$469,881$1,869,546
73$2,664,577$727,257$432,673$1,986,577
74$2,881,747$708,276$392,550$2,114,348
75$3,119,347$686,644$349,363$2,253,963
76$3,379,409$662,177$302,954$2,406,644
77$3,664,165$634,681$253,160$2,573,737
78$3,976,079$603,949$199,810$2,756,730
79$4,317,861$569,764$142,725$2,957,265
80$4,692,495$531,895$81,719$3,177,155
81$5,103,269$490,098$16,596$3,418,402
82$5,553,805$444,115$0$3,683,215
83$6,048,091$393,674$0$3,981,368
84$6,590,519$338,487$0$4,311,150
85$7,185,929$278,250$0$4,673,254
86$7,839,651$212,641$0$5,070,991
87$8,557,556$141,322$0$5,508,010
88$9,346,113$63,932$0$5,988,336
89$10,212,447$0$0$6,516,408
90$11,164,408$0$0$7,103,472
91$12,210,642$0$0$7,771,164
92$13,360,678$0$0$8,505,169
93$14,625,010$0$0$9,312,195
94$16,015,203$0$0$10,199,631
95$17,543,997$0$0$11,175,621
96$19,225,428$0$0$12,249,133
97$21,074,961$0$0$13,430,053
98$23,109,635$0$0$14,729,268
99$25,348,225$0$0$16,158,778
100$27,811,415$0$0$17,731,803