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%14.8%
1 years$62,512$61,956$61,412$60,882$60,364$59,170
2 years$30,947$30,370$29,812$29,270$28,745$27,546
3 years$20,426$19,847$19,290$18,754$18,237$17,072
4 years$15,167$14,590$14,038$13,511$13,007$11,884
5 years$12,012$11,439$10,894$10,378$9,888$8,811
6 years$9,910$9,341$8,804$8,299$7,824$6,794
7 years$8,409$7,844$7,316$6,823$6,363$5,380
8 years$7,283$6,724$6,205$5,724$5,278$4,342
9 years$6,408$5,854$5,344$4,875$4,445$3,555
10 years$5,709$5,160$4,659$4,203$3,788$2,943
11 years$5,137$4,594$4,102$3,658$3,257$2,457
12 years$4,661$4,123$3,640$3,208$2,823$2,066
13 years$4,258$3,726$3,252$2,832$2,462$1,746
14 years$3,913$3,387$2,922$2,514$2,158$1,483
15 years$3,615$3,094$2,638$2,242$1,900$1,264
16 years$3,354$2,839$2,392$2,008$1,679$1,081
17 years$3,124$2,614$2,177$1,804$1,489$927
18 years$2,919$2,416$1,987$1,626$1,324$797
19 years$2,737$2,239$1,819$1,469$1,180$686
20 years$2,573$2,081$1,669$1,330$1,054$591
21 years$2,425$1,938$1,536$1,207$943$511
22 years$2,290$1,809$1,415$1,098$845$442
23 years$2,167$1,692$1,307$1,000$759$382
24 years$2,055$1,585$1,209$912$682$331
25 years$1,952$1,488$1,119$833$614$287
26 years$1,857$1,398$1,038$761$553$249
27 years$1,769$1,316$964$697$498$216
28 years$1,687$1,240$896$639$450$188
29 years$1,611$1,170$834$586$406$163
30 years$1,541$1,105$777$537$367$142
31 years$1,475$1,044$724$494$332$123
32 years$1,413$988$676$454$300$107
33 years$1,356$936$631$417$272$93
34 years$1,301$887$589$384$246$81
35 years$1,250$841$551$353$223$70
36 years$1,202$798$516$325$202$61
37 years$1,157$758$483$300$183$53
38 years$1,114$721$452$276$166$46
39 years$1,073$685$423$255$150$40
40 years$1,035$652$397$235$136$35
41 years$998$621$372$217$124$31
42 years$964$591$349$200$112$27
43 years$931$563$328$185$102$23
44 years$899$537$307$171$92$20
45 years$870$512$289$158$84$18
46 years$841$488$271$146$76$15
47 years$814$466$255$134$69$13
48 years$788$445$239$124$63$12
49 years$763$425$225$115$57$10
50 years$739$406$212$106$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $757,000, adding $5,759 every year, while hoping to spend $26,508 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: 79/8/13 Blend
55$757,000$757,000$757,000$757,000
56$840,154$800,033$788,300$903,945
57$897,646$811,031$786,504$957,711
58$960,113$821,679$783,759$1,012,697
59$1,028,035$831,932$780,006$1,072,267
60$1,101,941$841,742$775,181$1,136,866
61$1,182,409$851,058$769,220$1,206,988
62$1,270,079$859,824$762,054$1,283,174
63$1,365,655$867,983$753,610$1,366,023
64$1,469,909$875,471$743,813$1,456,191
65$1,583,692$882,222$732,584$1,554,405
66$1,707,944$888,166$719,840$1,661,464
67$1,843,694$893,226$705,495$1,778,247
68$1,992,080$897,323$689,458$1,905,725
69$2,154,351$900,371$671,634$2,044,967
70$2,331,884$902,279$651,923$2,197,151
71$2,526,197$902,951$630,223$2,363,575
72$2,738,958$902,284$606,424$2,545,668
73$2,972,006$900,170$580,414$2,745,009
74$3,227,365$896,494$552,073$2,963,333
75$3,507,266$891,132$521,277$3,202,556
76$3,814,165$883,954$487,896$3,464,786
77$4,150,765$874,823$451,796$3,752,349
78$4,520,046$863,593$412,835$4,067,808
79$4,925,290$850,109$370,865$4,413,986
80$5,370,112$834,206$325,730$4,793,996
81$5,858,492$815,710$277,271$5,211,268
82$6,394,816$794,439$225,318$5,669,583
83$6,983,917$770,195$169,695$6,173,106
84$7,631,116$742,775$110,220$6,726,429
85$8,342,277$711,957$46,699$7,334,613
86$9,123,859$677,513$0$8,003,236
87$9,982,978$639,197$0$8,741,369
88$10,927,475$596,751$0$9,559,964
89$11,965,987$549,901$0$10,460,034
90$13,108,030$498,359$0$11,449,840
91$14,364,089$441,818$0$12,538,483
92$15,745,716$379,957$0$13,735,992
93$17,265,639$312,435$0$15,053,420
94$18,937,880$238,890$0$16,502,944
95$20,777,891$158,943$0$18,097,985
96$22,802,696$72,191$0$19,853,328
97$25,031,053$0$0$21,785,268
98$27,483,630$0$0$23,913,681
99$30,183,202$0$0$26,263,464
100$33,154,862$0$0$28,850,109