Can I retire at age 56 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$62,347$61,792$61,250$60,721$60,205$59,775
2 years$30,865$30,290$29,733$29,193$28,669$28,236
3 years$20,372$19,795$19,239$18,704$18,189$17,765
4 years$15,127$14,551$14,001$13,475$12,972$12,562
5 years$11,981$11,408$10,866$10,350$9,861$9,465
6 years$9,884$9,316$8,781$8,277$7,803$7,422
7 years$8,386$7,823$7,297$6,805$6,346$5,980
8 years$7,264$6,706$6,188$5,709$5,265$4,913
9 years$6,392$5,839$5,330$4,863$4,434$4,097
10 years$5,694$5,147$4,647$4,192$3,778$3,456
11 years$5,124$4,582$4,091$3,648$3,249$2,942
12 years$4,649$4,112$3,631$3,200$2,815$2,522
13 years$4,247$3,716$3,244$2,825$2,455$2,176
14 years$3,903$3,378$2,915$2,508$2,152$1,887
15 years$3,605$3,086$2,631$2,236$1,895$1,643
16 years$3,345$2,831$2,386$2,002$1,675$1,435
17 years$3,115$2,608$2,171$1,799$1,485$1,258
18 years$2,912$2,409$1,982$1,621$1,320$1,105
19 years$2,730$2,233$1,814$1,465$1,177$973
20 years$2,566$2,075$1,665$1,327$1,051$859
21 years$2,418$1,933$1,532$1,204$941$759
22 years$2,284$1,804$1,412$1,095$843$672
23 years$2,161$1,687$1,303$997$757$596
24 years$2,049$1,581$1,205$909$680$529
25 years$1,947$1,484$1,116$831$612$469
26 years$1,852$1,394$1,035$759$551$417
27 years$1,764$1,312$961$695$497$371
28 years$1,683$1,237$894$637$449$331
29 years$1,607$1,167$832$584$405$294
30 years$1,537$1,102$775$536$366$262
31 years$1,471$1,042$722$492$331$234
32 years$1,410$985$674$452$299$209
33 years$1,352$933$629$416$271$186
34 years$1,298$885$588$383$245$166
35 years$1,247$839$550$352$222$149
36 years$1,199$796$514$325$201$133
37 years$1,154$756$481$299$182$119
38 years$1,111$719$451$276$165$106
39 years$1,071$683$422$254$150$95
40 years$1,032$650$396$234$136$85
41 years$996$619$371$216$123$76
42 years$961$590$348$200$112$68
43 years$928$562$327$184$102$61
44 years$897$535$307$170$92$54
45 years$867$511$288$157$84$48
46 years$839$487$270$145$76$43
47 years$812$465$254$134$69$39
48 years$786$444$239$124$63$35
49 years$761$424$224$114$57$31
50 years$737$405$211$106$52$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $755,000, adding $2,472 every year, while hoping to spend $32,048 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: 49/41/10 Blend
55$755,000$755,000$755,000$755,000
56$834,560$794,545$782,842$873,091
57$885,586$799,379$774,969$904,600
58$940,743$803,375$765,757$935,230
59$1,000,418$806,460$755,129$967,762
60$1,065,037$808,553$743,002$1,002,386
61$1,135,068$809,569$729,290$1,039,308
62$1,211,026$809,420$713,903$1,078,759
63$1,293,478$808,008$696,746$1,120,993
64$1,383,046$805,234$677,720$1,166,293
65$1,480,416$800,989$656,723$1,214,973
66$1,586,340$795,160$633,645$1,267,379
67$1,701,650$787,625$608,375$1,323,896
68$1,827,255$778,256$580,793$1,384,948
69$1,964,162$766,918$550,776$1,451,007
70$2,113,475$753,465$518,195$1,522,594
71$2,276,410$737,746$482,916$1,600,287
72$2,454,307$719,598$444,796$1,684,725
73$2,648,639$698,851$403,689$1,776,614
74$2,861,028$675,322$359,441$1,876,737
75$3,093,261$648,822$311,891$1,985,960
76$3,347,305$619,145$260,870$2,105,240
77$3,625,325$586,078$206,204$2,235,636
78$3,929,706$549,393$147,710$2,378,319
79$4,263,073$508,851$85,195$2,534,584
80$4,628,319$464,197$18,462$2,705,864
81$5,028,628$415,163$0$2,893,740
82$5,467,508$361,466$0$3,105,592
83$5,948,821$302,805$0$3,340,192
84$6,476,822$238,863$0$3,597,729
85$7,056,197$169,308$0$3,880,591
86$7,692,109$93,784$0$4,191,412
87$8,390,244$11,919$0$4,533,103
88$9,156,865$0$0$4,908,875
89$9,998,873$0$0$5,356,873
90$10,923,867$0$0$5,855,018
91$11,940,222$0$0$6,402,454
92$13,057,161$0$0$7,004,161
93$14,284,848$0$0$7,665,624
94$15,634,479$0$0$8,392,889
95$17,118,388$0$0$9,192,613
96$18,750,165$0$0$10,072,135
97$20,544,783$0$0$11,039,536
98$22,518,739$0$0$12,103,724
99$24,690,207$0$0$13,274,512
100$27,079,213$0$0$14,562,710