Can I retire at age 56 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$61,852$61,301$60,763$60,239$59,726$57,447
2 years$30,620$30,049$29,497$28,961$28,441$26,172
3 years$20,210$19,638$19,086$18,556$18,044$15,856
4 years$15,007$14,436$13,890$13,368$12,869$10,779
5 years$11,885$11,318$10,779$10,268$9,783$7,796
6 years$9,805$9,242$8,711$8,211$7,741$5,859
7 years$8,320$7,761$7,239$6,751$6,295$4,517
8 years$7,206$6,653$6,139$5,663$5,223$3,547
9 years$6,341$5,792$5,288$4,824$4,398$2,822
10 years$5,649$5,106$4,610$4,158$3,748$2,268
11 years$5,083$4,545$4,059$3,619$3,223$1,837
12 years$4,612$4,080$3,602$3,174$2,793$1,498
13 years$4,213$3,687$3,218$2,802$2,436$1,226
14 years$3,872$3,351$2,891$2,488$2,135$1,008
15 years$3,577$3,061$2,611$2,219$1,880$832
16 years$3,318$2,809$2,367$1,986$1,661$688
17 years$3,091$2,587$2,154$1,785$1,473$570
18 years$2,889$2,390$1,966$1,608$1,310$473
19 years$2,708$2,215$1,800$1,453$1,167$393
20 years$2,546$2,059$1,652$1,316$1,043$327
21 years$2,399$1,917$1,519$1,195$933$272
22 years$2,266$1,790$1,400$1,086$836$227
23 years$2,144$1,674$1,293$989$751$189
24 years$2,033$1,568$1,196$902$675$158
25 years$1,931$1,472$1,108$824$607$132
26 years$1,837$1,383$1,027$753$547$110
27 years$1,750$1,302$954$690$493$92
28 years$1,669$1,227$887$632$445$77
29 years$1,594$1,157$825$579$402$64
30 years$1,525$1,093$769$532$363$54
31 years$1,459$1,033$717$488$328$45
32 years$1,399$978$669$449$297$38
33 years$1,341$926$624$413$269$31
34 years$1,288$878$583$380$243$26
35 years$1,237$832$545$350$220$22
36 years$1,190$790$510$322$200$18
37 years$1,145$750$477$297$181$15
38 years$1,102$713$447$273$164$13
39 years$1,062$678$419$252$149$11
40 years$1,024$645$393$233$135$9
41 years$988$614$368$215$122$8
42 years$954$585$345$198$111$6
43 years$921$557$324$183$101$5
44 years$890$531$304$169$92$4
45 years$860$506$286$156$83$4
46 years$832$483$268$144$75$3
47 years$805$461$252$133$68$3
48 years$779$440$237$123$62$2
49 years$755$420$223$114$56$2
50 years$731$402$209$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $749,000, adding $6,419 every year, while hoping to spend $21,475 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: 34/38/28 Blend
55$749,000$749,000$749,000$749,000
56$832,019$792,322$780,713$853,084
57$894,036$808,297$784,017$885,492
58$961,659$824,334$786,713$918,047
59$1,035,436$840,415$788,756$952,738
60$1,115,974$856,518$790,103$989,770
61$1,203,936$872,621$790,704$1,029,370
62$1,300,055$888,697$790,510$1,071,788
63$1,405,139$904,721$789,470$1,117,299
64$1,520,073$920,663$787,528$1,166,210
65$1,645,837$936,492$784,626$1,218,857
66$1,783,506$952,174$780,705$1,275,613
67$1,934,266$967,672$775,701$1,336,890
68$2,099,422$982,949$769,548$1,403,141
69$2,280,412$997,962$762,177$1,474,869
70$2,478,818$1,012,667$753,514$1,552,628
71$2,696,385$1,027,015$743,484$1,637,030
72$2,935,032$1,040,954$732,007$1,728,752
73$3,196,876$1,054,431$718,999$1,828,539
74$3,484,245$1,067,386$704,373$1,937,216
75$3,799,706$1,079,756$688,038$2,055,693
76$4,146,086$1,091,475$669,897$2,184,976
77$4,526,500$1,102,470$649,852$2,326,173
78$4,944,378$1,112,666$627,797$2,480,509
79$5,403,498$1,121,980$603,622$2,649,336
80$5,908,025$1,130,327$577,213$2,834,147
81$6,462,545$1,137,615$548,451$3,036,588
82$7,072,111$1,143,744$517,211$3,258,478
83$7,742,290$1,148,611$483,361$3,501,823
84$8,479,215$1,152,104$446,764$3,768,837
85$9,289,643$1,154,106$407,280$4,061,965
86$10,181,020$1,154,490$364,757$4,383,901
87$11,161,548$1,153,124$319,040$4,737,622
88$12,240,265$1,149,866$269,967$5,126,411
89$13,427,128$1,144,566$217,367$5,553,889
90$14,733,110$1,137,065$161,064$6,024,053
91$16,170,299$1,127,193$100,871$6,541,311
92$17,752,016$1,114,771$36,596$7,110,526
93$19,492,936$1,099,610$0$7,737,064
94$21,409,232$1,081,507$0$8,436,403
95$23,518,723$1,060,250$0$9,217,799
96$25,841,042$1,035,612$0$10,077,574
97$28,397,826$1,007,355$0$11,023,739
98$31,212,913$975,224$0$12,065,124
99$34,312,572$938,952$0$13,211,464
100$37,725,749$898,254$0$14,473,490