Can I retire at age 56 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$62,017$61,464$60,926$60,399$59,886$58,132
2 years$30,701$30,130$29,575$29,038$28,517$26,764
3 years$20,264$19,690$19,137$18,605$18,092$16,396
4 years$15,047$14,474$13,927$13,404$12,904$11,276
5 years$11,917$11,348$10,808$10,295$9,809$8,255
6 years$9,831$9,266$8,734$8,233$7,762$6,282
7 years$8,342$7,782$7,258$6,769$6,312$4,908
8 years$7,226$6,671$6,156$5,678$5,237$3,906
9 years$6,358$5,808$5,302$4,837$4,410$3,152
10 years$5,664$5,119$4,622$4,169$3,758$2,571
11 years$5,096$4,558$4,069$3,629$3,232$2,114
12 years$4,624$4,091$3,611$3,183$2,800$1,749
13 years$4,224$3,697$3,227$2,810$2,442$1,455
14 years$3,882$3,360$2,899$2,494$2,141$1,216
15 years$3,586$3,070$2,618$2,224$1,885$1,019
16 years$3,327$2,816$2,373$1,992$1,666$857
17 years$3,099$2,594$2,159$1,790$1,477$722
18 years$2,896$2,397$1,971$1,613$1,313$609
19 years$2,715$2,221$1,805$1,457$1,171$515
20 years$2,552$2,064$1,656$1,320$1,046$436
21 years$2,405$1,923$1,523$1,198$936$370
22 years$2,272$1,795$1,404$1,089$839$314
23 years$2,150$1,679$1,296$992$753$267
24 years$2,039$1,573$1,199$905$677$227
25 years$1,936$1,476$1,110$826$609$193
26 years$1,842$1,387$1,030$755$548$164
27 years$1,755$1,305$956$691$495$140
28 years$1,674$1,230$889$634$446$119
29 years$1,599$1,160$827$581$403$101
30 years$1,529$1,096$771$533$364$86
31 years$1,463$1,036$718$490$329$74
32 years$1,402$980$670$450$298$63
33 years$1,345$928$626$414$269$53
34 years$1,291$880$585$381$244$46
35 years$1,240$835$547$351$221$39
36 years$1,193$792$511$323$200$33
37 years$1,148$752$479$297$181$28
38 years$1,105$715$448$274$165$24
39 years$1,065$680$420$253$149$21
40 years$1,027$647$394$233$135$18
41 years$991$616$369$215$123$15
42 years$956$586$346$199$111$13
43 years$923$559$325$183$101$11
44 years$892$533$305$169$92$9
45 years$863$508$286$156$83$8
46 years$834$484$269$144$76$7
47 years$807$462$253$133$69$6
48 years$782$441$237$123$62$5
49 years$757$421$223$114$57$4
50 years$733$403$210$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $751,000, adding $6,995 every year, while hoping to spend $32,523 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: 34/40/26 Blend
55$751,000$751,000$751,000$751,000
56$834,817$795,014$783,374$856,423
57$885,364$799,366$775,013$877,576
58$939,977$802,840$765,281$896,950
59$999,036$805,361$754,100$917,202
60$1,062,960$806,845$741,384$938,432
61$1,132,207$807,206$727,045$960,751
62$1,207,283$806,350$710,992$984,286
63$1,288,745$804,180$693,129$1,009,177
64$1,377,202$800,590$673,354$1,035,583
65$1,473,328$795,470$651,563$1,063,681
66$1,577,861$788,702$627,644$1,093,668
67$1,691,616$780,162$601,483$1,125,768
68$1,815,488$769,717$572,960$1,160,226
69$1,950,461$757,226$541,948$1,197,320
70$2,097,620$742,542$508,315$1,237,358
71$2,258,158$725,507$471,924$1,280,685
72$2,433,388$705,955$432,631$1,327,684
73$2,624,756$683,709$390,287$1,378,782
74$2,833,853$658,583$344,733$1,434,456
75$3,062,431$630,379$295,807$1,495,234
76$3,312,419$598,887$243,337$1,561,707
77$3,585,941$563,888$187,144$1,634,528
78$3,885,335$525,147$127,041$1,714,427
79$4,213,177$482,417$62,835$1,802,212
80$4,572,302$435,436$0$1,898,781
81$4,965,834$383,929$0$2,006,710
82$5,397,211$327,603$0$2,144,232
83$5,870,221$266,151$0$2,295,187
84$6,389,037$199,246$0$2,461,002
85$6,958,255$126,545$0$2,643,252
86$7,582,934$47,683$0$2,843,683
87$8,268,652$0$0$3,064,220
88$9,021,549$0$0$3,323,599
89$9,848,390$0$0$3,631,617
90$10,756,629$0$0$3,970,077
91$11,754,475$0$0$4,342,053
92$12,850,971$0$0$4,750,932
93$14,056,084$0$0$5,200,445
94$15,380,788$0$0$5,694,704
95$16,837,178$0$0$6,238,237
96$18,438,578$0$0$6,836,034
97$20,199,667$0$0$7,493,594
98$22,136,618$0$0$8,216,974
99$24,267,251$0$0$9,012,849
100$26,611,198$0$0$9,888,571