Can I retire at age 56 with 752,000?

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 $752,000?

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$62,099$61,546$61,007$60,480$59,966$57,769
2 years$30,742$30,170$29,615$29,077$28,555$26,366
3 years$20,291$19,716$19,163$18,630$18,116$16,005
4 years$15,067$14,494$13,946$13,422$12,921$10,902
5 years$11,933$11,363$10,822$10,309$9,822$7,902
6 years$9,844$9,279$8,746$8,244$7,772$5,951
7 years$8,353$7,792$7,268$6,778$6,321$4,599
8 years$7,235$6,679$6,164$5,686$5,244$3,619
9 years$6,366$5,816$5,309$4,843$4,416$2,887
10 years$5,671$5,126$4,628$4,175$3,763$2,326
11 years$5,103$4,564$4,075$3,633$3,236$1,889
12 years$4,630$4,096$3,616$3,187$2,804$1,544
13 years$4,230$3,702$3,231$2,814$2,445$1,268
14 years$3,888$3,365$2,903$2,498$2,144$1,045
15 years$3,591$3,074$2,621$2,227$1,887$865
16 years$3,332$2,820$2,376$1,994$1,668$717
17 years$3,103$2,597$2,162$1,792$1,479$596
18 years$2,900$2,400$1,974$1,615$1,315$496
19 years$2,719$2,224$1,807$1,459$1,172$413
20 years$2,556$2,067$1,658$1,322$1,047$345
21 years$2,409$1,925$1,525$1,199$937$288
22 years$2,275$1,797$1,406$1,091$840$241
23 years$2,153$1,681$1,298$993$754$202
24 years$2,041$1,575$1,201$906$678$169
25 years$1,939$1,478$1,112$827$610$141
26 years$1,844$1,389$1,031$756$549$118
27 years$1,757$1,307$958$692$495$99
28 years$1,676$1,232$890$634$447$83
29 years$1,601$1,162$828$582$403$70
30 years$1,531$1,097$772$534$365$59
31 years$1,465$1,037$719$490$330$49
32 years$1,404$982$671$451$298$41
33 years$1,347$930$627$414$270$35
34 years$1,293$881$586$381$244$29
35 years$1,242$836$547$351$221$24
36 years$1,194$793$512$323$200$20
37 years$1,149$753$479$298$182$17
38 years$1,107$716$449$275$165$14
39 years$1,066$681$421$253$149$12
40 years$1,028$648$394$233$135$10
41 years$992$617$370$215$123$9
42 years$957$587$347$199$112$7
43 years$925$559$325$184$101$6
44 years$893$533$305$169$92$5
45 years$864$509$287$156$83$4
46 years$835$485$269$145$76$4
47 years$808$463$253$134$69$3
48 years$783$442$238$123$62$3
49 years$758$422$224$114$57$2
50 years$734$403$210$105$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $752,000, adding $4,998 every year, while hoping to spend $45,925 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: 78/10/12 Blend
55$752,000$752,000$752,000$752,000
56$833,859$794,003$782,347$896,614
57$870,049$784,046$759,692$928,646
58$908,391$772,061$734,739$957,388
59$949,056$757,901$707,362$987,602
60$992,232$741,410$677,430$1,019,416
61$1,038,122$722,421$644,806$1,052,973
62$1,086,950$700,760$609,347$1,088,428
63$1,138,961$676,239$570,902$1,125,954
64$1,194,423$648,663$529,316$1,165,741
65$1,253,630$617,824$484,424$1,207,999
66$1,316,904$583,500$436,055$1,252,962
67$1,384,596$545,460$384,032$1,300,886
68$1,457,095$503,457$328,166$1,352,054
69$1,534,823$457,231$268,264$1,406,779
70$1,618,246$406,507$204,123$1,465,408
71$1,707,875$350,993$135,528$1,528,323
72$1,804,270$290,384$62,260$1,595,946
73$1,908,046$224,353$0$1,668,743
74$2,019,880$152,559$0$1,749,269
75$2,140,512$74,639$0$1,844,693
76$2,270,759$0$0$1,947,696
77$2,411,517$0$0$2,060,083
78$2,563,769$0$0$2,190,551
79$2,728,600$0$0$2,331,818
80$2,907,197$0$0$2,484,906
81$3,100,871$0$0$2,650,939
82$3,311,059$0$0$2,831,153
83$3,539,344$0$0$3,026,908
84$3,787,467$0$0$3,239,701
85$4,057,342$0$0$3,471,175
86$4,351,076$0$0$3,723,142
87$4,670,988$0$0$3,997,594
88$5,019,628$0$0$4,296,723
89$5,399,803$0$0$4,622,941
90$5,814,604$0$0$4,978,904
91$6,267,431$0$0$5,367,535
92$6,762,029$0$0$5,792,050
93$7,302,517$0$0$6,255,993
94$7,893,435$0$0$6,763,262
95$8,539,777$0$0$7,318,150
96$9,247,044$0$0$7,925,386
97$10,021,293$0$0$8,590,175
98$10,869,194$0$0$9,318,249
99$11,798,090$0$0$10,115,921
100$12,816,072$0$0$10,990,142