Can I retire at age 56 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$62,512$61,956$61,412$60,882$60,364$59,025
2 years$30,947$30,370$29,812$29,270$28,745$27,402
3 years$20,426$19,847$19,290$18,754$18,237$16,933
4 years$15,167$14,590$14,038$13,511$13,007$11,752
5 years$12,012$11,439$10,894$10,378$9,888$8,685
6 years$9,910$9,341$8,804$8,299$7,824$6,675
7 years$8,409$7,844$7,316$6,823$6,363$5,268
8 years$7,283$6,724$6,205$5,724$5,278$4,237
9 years$6,408$5,854$5,344$4,875$4,445$3,457
10 years$5,709$5,160$4,659$4,203$3,788$2,851
11 years$5,137$4,594$4,102$3,658$3,257$2,371
12 years$4,661$4,123$3,640$3,208$2,823$1,986
13 years$4,258$3,726$3,252$2,832$2,462$1,672
14 years$3,913$3,387$2,922$2,514$2,158$1,414
15 years$3,615$3,094$2,638$2,242$1,900$1,200
16 years$3,354$2,839$2,392$2,008$1,679$1,022
17 years$3,124$2,614$2,177$1,804$1,489$873
18 years$2,919$2,416$1,987$1,626$1,324$747
19 years$2,737$2,239$1,819$1,469$1,180$640
20 years$2,573$2,081$1,669$1,330$1,054$549
21 years$2,425$1,938$1,536$1,207$943$472
22 years$2,290$1,809$1,415$1,098$845$406
23 years$2,167$1,692$1,307$1,000$759$350
24 years$2,055$1,585$1,209$912$682$302
25 years$1,952$1,488$1,119$833$614$260
26 years$1,857$1,398$1,038$761$553$225
27 years$1,769$1,316$964$697$498$194
28 years$1,687$1,240$896$639$450$168
29 years$1,611$1,170$834$586$406$145
30 years$1,541$1,105$777$537$367$125
31 years$1,475$1,044$724$494$332$108
32 years$1,413$988$676$454$300$94
33 years$1,356$936$631$417$272$81
34 years$1,301$887$589$384$246$70
35 years$1,250$841$551$353$223$61
36 years$1,202$798$516$325$202$53
37 years$1,157$758$483$300$183$46
38 years$1,114$721$452$276$166$40
39 years$1,073$685$423$255$150$34
40 years$1,035$652$397$235$136$30
41 years$998$621$372$217$124$26
42 years$964$591$349$200$112$22
43 years$931$563$328$185$102$19
44 years$899$537$307$171$92$17
45 years$870$512$289$158$84$14
46 years$841$488$271$146$76$13
47 years$814$466$255$134$69$11
48 years$788$445$239$124$63$9
49 years$763$425$225$115$57$8
50 years$739$406$212$106$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $757,000, adding $5,275 every year, while hoping to spend $24,690 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: 50/32/18 Blend
55$757,000$757,000$757,000$757,000
56$839,655$799,534$787,801$877,197
57$899,030$812,441$787,922$916,573
58$963,634$825,154$787,220$956,366
59$1,033,973$837,635$785,641$999,082
60$1,110,607$849,848$783,128$1,045,003
61$1,194,149$861,750$779,623$1,094,444
62$1,285,276$873,300$775,064$1,147,752
63$1,384,731$884,449$769,386$1,205,308
64$1,493,334$895,147$762,521$1,267,535
65$1,611,987$905,342$754,398$1,334,898
66$1,741,681$914,975$744,942$1,407,912
67$1,883,510$923,987$734,075$1,487,143
68$2,038,678$932,311$721,716$1,573,217
69$2,208,509$939,880$707,779$1,666,827
70$2,394,461$946,619$692,175$1,768,733
71$2,598,143$952,450$674,809$1,879,778
72$2,821,322$957,289$655,584$2,000,891
73$3,065,949$961,048$634,397$2,133,096
74$3,334,167$963,631$611,142$2,277,525
75$3,628,343$964,939$585,705$2,435,424
76$3,951,078$964,865$557,970$2,608,172
77$4,305,240$963,296$527,815$2,797,287
78$4,693,988$960,111$495,110$3,004,446
79$5,120,801$955,183$459,723$3,231,498
80$5,589,512$948,376$421,513$3,480,484
81$6,104,343$939,547$380,334$3,753,654
82$6,669,944$928,543$336,034$4,053,493
83$7,291,441$915,204$288,453$4,382,738
84$7,974,476$899,357$237,424$4,744,413
85$8,725,269$880,822$182,774$5,141,851
86$9,550,671$859,407$124,322$5,578,728
87$10,458,230$834,908$61,877$6,059,101
88$11,456,262$807,111$0$6,587,442
89$12,553,928$775,788$0$7,169,600
90$13,761,324$740,697$0$7,822,843
91$15,089,572$701,583$0$8,541,317
92$16,550,926$658,178$0$9,331,683
93$18,158,887$610,196$0$10,201,286
94$19,928,334$557,336$0$11,158,220
95$21,875,657$499,278$0$12,211,411
96$24,018,918$435,687$0$13,370,696
97$26,378,017$366,205$0$14,646,923
98$28,974,884$290,459$0$16,052,045
99$31,833,680$208,049$0$17,599,244
100$34,981,029$118,557$0$19,303,047