Can I retire at age 56 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$62,678$62,119$61,575$61,043$60,524$59,399
2 years$31,028$30,451$29,891$29,348$28,821$27,692
3 years$20,480$19,900$19,341$18,803$18,285$17,187
4 years$15,207$14,628$14,075$13,547$13,041$11,982
5 years$12,044$11,469$10,923$10,405$9,914$8,897
6 years$9,936$9,365$8,827$8,321$7,844$6,872
7 years$8,431$7,865$7,336$6,841$6,380$5,451
8 years$7,303$6,742$6,221$5,739$5,292$4,407
9 years$6,425$5,870$5,358$4,888$4,457$3,615
10 years$5,724$5,174$4,672$4,214$3,798$2,998
11 years$5,151$4,606$4,113$3,667$3,266$2,508
12 years$4,673$4,134$3,650$3,217$2,830$2,112
13 years$4,269$3,736$3,261$2,840$2,468$1,789
14 years$3,924$3,396$2,930$2,521$2,163$1,523
15 years$3,624$3,102$2,645$2,248$1,905$1,301
16 years$3,363$2,846$2,398$2,013$1,684$1,115
17 years$3,132$2,621$2,182$1,809$1,493$958
18 years$2,927$2,422$1,992$1,630$1,327$825
19 years$2,744$2,245$1,824$1,473$1,183$712
20 years$2,580$2,086$1,674$1,334$1,057$615
21 years$2,431$1,943$1,540$1,211$946$532
22 years$2,296$1,814$1,419$1,101$848$461
23 years$2,173$1,696$1,310$1,002$761$400
24 years$2,060$1,589$1,212$914$684$348
25 years$1,957$1,492$1,122$835$615$302
26 years$1,861$1,402$1,041$763$554$263
27 years$1,773$1,319$967$699$500$228
28 years$1,692$1,243$899$640$451$199
29 years$1,616$1,173$836$587$407$173
30 years$1,545$1,108$779$539$368$151
31 years$1,479$1,047$726$495$333$131
32 years$1,417$991$677$455$301$115
33 years$1,359$938$633$418$272$100
34 years$1,305$889$591$385$247$87
35 years$1,254$843$553$354$223$76
36 years$1,205$801$517$326$202$66
37 years$1,160$760$484$301$183$58
38 years$1,117$723$453$277$166$50
39 years$1,076$687$424$255$151$44
40 years$1,038$654$398$236$137$38
41 years$1,001$622$373$217$124$34
42 years$966$593$350$201$113$29
43 years$933$565$328$185$102$26
44 years$902$538$308$171$93$22
45 years$872$513$289$158$84$19
46 years$843$490$272$146$76$17
47 years$816$467$255$135$69$15
48 years$790$446$240$125$63$13
49 years$765$426$226$115$57$11
50 years$741$407$212$106$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $759,000, adding $4,169 every year, while hoping to spend $40,985 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: 44/50/6 Blend
55$759,000$759,000$759,000$759,000
56$840,718$800,491$788,727$876,107
57$882,864$796,108$771,541$896,598
58$927,935$790,136$752,407$914,231
59$976,186$782,454$731,214$932,385
60$1,027,897$772,934$707,850$951,121
61$1,083,375$761,441$682,195$970,510
62$1,142,957$747,829$654,127$990,631
63$1,207,012$731,946$623,513$1,011,575
64$1,275,946$713,630$590,220$1,033,447
65$1,350,204$692,710$554,104$1,056,363
66$1,430,277$669,005$515,019$1,080,457
67$1,516,701$642,322$472,807$1,105,880
68$1,610,067$612,458$427,309$1,132,800
69$1,711,024$579,199$378,355$1,161,410
70$1,820,286$542,317$325,767$1,191,926
71$1,938,637$501,573$269,362$1,224,590
72$2,066,940$456,711$208,947$1,259,677
73$2,206,141$407,464$144,320$1,297,491
74$2,357,286$353,547$75,273$1,338,378
75$2,521,519$294,662$1,585$1,382,723
76$2,700,104$230,490$0$1,430,957
77$2,894,428$160,697$0$1,488,497
78$3,106,019$84,931$0$1,551,377
79$3,336,558$2,817$0$1,620,117
80$3,587,894$0$0$1,695,406
81$3,862,063$0$0$1,825,351
82$4,161,305$0$0$1,968,958
83$4,488,088$0$0$2,125,872
84$4,845,126$0$0$2,297,408
85$5,235,408$0$0$2,485,013
86$5,662,225$0$0$2,690,282
87$6,129,201$0$0$2,914,970
88$6,640,326$0$0$3,161,010
89$7,199,993$0$0$3,430,531
90$7,813,040$0$0$3,725,876
91$8,484,795$0$0$4,049,627
92$9,221,126$0$0$4,404,629
93$10,028,496$0$0$4,794,011
94$10,914,022$0$0$5,221,224
95$11,885,544$0$0$5,690,066
96$12,951,698$0$0$6,204,723
97$14,121,995$0$0$6,769,805
98$15,406,913$0$0$7,390,390
99$16,817,994$0$0$8,072,071
100$18,367,951$0$0$8,821,011