Can I retire at age 56 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$61,026$60,482$59,952$59,434$58,929$56,770
2 years$30,211$29,648$29,103$28,574$28,061$25,911
3 years$19,941$19,375$18,832$18,308$17,803$15,728
4 years$14,806$14,243$13,705$13,190$12,697$10,714
5 years$11,727$11,167$10,635$10,131$9,652$7,765
6 years$9,674$9,118$8,595$8,102$7,638$5,848
7 years$8,209$7,658$7,142$6,661$6,211$4,519
8 years$7,110$6,564$6,057$5,588$5,153$3,557
9 years$6,256$5,715$5,217$4,759$4,340$2,837
10 years$5,573$5,038$4,548$4,103$3,698$2,286
11 years$5,015$4,485$4,004$3,571$3,180$1,857
12 years$4,550$4,025$3,554$3,132$2,756$1,517
13 years$4,157$3,638$3,175$2,765$2,403$1,246
14 years$3,820$3,307$2,853$2,454$2,106$1,027
15 years$3,529$3,021$2,576$2,189$1,855$850
16 years$3,274$2,771$2,335$1,960$1,639$705
17 years$3,049$2,552$2,125$1,761$1,453$585
18 years$2,850$2,358$1,940$1,587$1,292$487
19 years$2,672$2,186$1,776$1,434$1,152$406
20 years$2,512$2,031$1,630$1,299$1,029$339
21 years$2,367$1,892$1,499$1,179$921$283
22 years$2,235$1,766$1,382$1,072$825$237
23 years$2,116$1,652$1,276$976$741$198
24 years$2,006$1,548$1,180$890$666$166
25 years$1,905$1,452$1,093$813$599$139
26 years$1,812$1,365$1,013$743$540$116
27 years$1,727$1,285$941$680$487$98
28 years$1,647$1,210$875$623$439$82
29 years$1,573$1,142$814$572$396$69
30 years$1,504$1,078$758$525$358$58
31 years$1,440$1,019$707$482$324$48
32 years$1,380$965$660$443$293$41
33 years$1,323$913$616$407$265$34
34 years$1,270$866$575$375$240$29
35 years$1,221$821$538$345$217$24
36 years$1,174$779$503$318$197$20
37 years$1,129$740$471$293$179$17
38 years$1,088$704$441$270$162$14
39 years$1,048$669$413$249$147$12
40 years$1,010$636$387$229$133$10
41 years$975$606$363$212$121$8
42 years$941$577$341$195$110$7
43 years$909$550$320$180$99$6
44 years$878$524$300$167$90$5
45 years$849$500$282$154$82$4
46 years$821$477$265$142$74$3
47 years$794$455$249$131$68$3
48 years$769$434$234$121$61$2
49 years$745$415$220$112$56$2
50 years$722$396$206$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $739,000, adding $2,234 every year, while hoping to spend $36,094 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: 65/27/8 Blend
55$739,000$739,000$739,000$739,000
56$816,682$777,515$766,061$868,354
57$861,580$777,210$753,320$902,721
58$909,848$775,680$738,943$935,772
59$961,791$772,827$722,836$970,942
60$1,017,745$768,547$704,903$1,008,433
61$1,078,079$762,730$685,041$1,048,470
62$1,143,198$755,258$663,144$1,091,300
63$1,213,546$746,007$639,101$1,137,198
64$1,289,612$734,846$612,796$1,186,468
65$1,371,934$721,635$584,106$1,239,445
66$1,461,103$706,227$552,905$1,296,500
67$1,557,767$688,464$519,059$1,358,043
68$1,662,642$668,181$482,430$1,424,528
69$1,776,512$645,203$442,873$1,496,454
70$1,900,242$619,343$400,235$1,574,377
71$2,034,782$590,406$354,358$1,658,908
72$2,181,178$558,184$305,077$1,750,723
73$2,340,580$522,457$252,218$1,850,572
74$2,514,253$482,992$195,602$1,959,279
75$2,703,592$439,543$135,040$2,077,758
76$2,910,130$391,852$70,334$2,207,017
77$3,135,553$339,643$1,281$2,348,170
78$3,381,720$282,626$0$2,502,449
79$3,650,676$220,495$0$2,677,394
80$3,944,672$152,926$0$2,868,845
81$4,266,187$79,578$0$3,078,371
82$4,617,950$89$0$3,307,824
83$5,002,966$0$0$3,559,249
84$5,424,544$0$0$3,860,430
85$5,886,329$0$0$4,190,413
86$6,392,332$0$0$4,552,046
87$6,946,974$0$0$4,948,492
88$7,555,123$0$0$5,383,239
89$8,222,138$0$0$5,860,124
90$8,953,926$0$0$6,383,378
91$9,756,989$0$0$6,957,657
92$10,638,493$0$0$7,588,093
93$11,606,328$0$0$8,280,337
94$12,669,187$0$0$9,040,615
95$13,836,647$0$0$9,875,785
96$15,119,257$0$0$10,793,404
97$16,528,638$0$0$11,801,793
98$18,077,593$0$0$12,910,123
99$19,780,228$0$0$14,128,496
100$21,652,080$0$0$15,468,041