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%11%
1 years$62,678$62,119$61,575$61,043$60,524$60,269
2 years$31,028$30,451$29,891$29,348$28,821$28,563
3 years$20,480$19,900$19,341$18,803$18,285$18,033
4 years$15,207$14,628$14,075$13,547$13,041$12,797
5 years$12,044$11,469$10,923$10,405$9,914$9,677
6 years$9,936$9,365$8,827$8,321$7,844$7,617
7 years$8,431$7,865$7,336$6,841$6,380$6,160
8 years$7,303$6,742$6,221$5,739$5,292$5,082
9 years$6,425$5,870$5,358$4,888$4,457$4,255
10 years$5,724$5,174$4,672$4,214$3,798$3,604
11 years$5,151$4,606$4,113$3,667$3,266$3,081
12 years$4,673$4,134$3,650$3,217$2,830$2,653
13 years$4,269$3,736$3,261$2,840$2,468$2,299
14 years$3,924$3,396$2,930$2,521$2,163$2,003
15 years$3,624$3,102$2,645$2,248$1,905$1,752
16 years$3,363$2,846$2,398$2,013$1,684$1,538
17 years$3,132$2,621$2,182$1,809$1,493$1,354
18 years$2,927$2,422$1,992$1,630$1,327$1,196
19 years$2,744$2,245$1,824$1,473$1,183$1,058
20 years$2,580$2,086$1,674$1,334$1,057$939
21 years$2,431$1,943$1,540$1,211$946$834
22 years$2,296$1,814$1,419$1,101$848$742
23 years$2,173$1,696$1,310$1,002$761$661
24 years$2,060$1,589$1,212$914$684$590
25 years$1,957$1,492$1,122$835$615$527
26 years$1,861$1,402$1,041$763$554$471
27 years$1,773$1,319$967$699$500$421
28 years$1,692$1,243$899$640$451$377
29 years$1,616$1,173$836$587$407$338
30 years$1,545$1,108$779$539$368$303
31 years$1,479$1,047$726$495$333$272
32 years$1,417$991$677$455$301$244
33 years$1,359$938$633$418$272$219
34 years$1,305$889$591$385$247$196
35 years$1,254$843$553$354$223$176
36 years$1,205$801$517$326$202$159
37 years$1,160$760$484$301$183$142
38 years$1,117$723$453$277$166$128
39 years$1,076$687$424$255$151$115
40 years$1,038$654$398$236$137$104
41 years$1,001$622$373$217$124$93
42 years$966$593$350$201$113$84
43 years$933$565$328$185$102$75
44 years$902$538$308$171$93$68
45 years$872$513$289$158$84$61
46 years$843$490$272$146$76$55
47 years$816$467$255$135$69$49
48 years$790$446$240$125$63$45
49 years$765$426$226$115$57$40
50 years$741$407$212$106$52$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $759,000, adding $3,549 every year, while hoping to spend $38,301 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: 57/25/18 Blend
55$759,000$759,000$759,000$759,000
56$840,079$799,852$788,087$883,776
57$885,015$798,293$773,736$912,318
58$933,251$795,373$757,621$938,951
59$985,083$790,987$739,641$967,115
60$1,040,835$785,019$719,694$996,964
61$1,100,866$777,351$697,669$1,028,671
62$1,165,567$767,853$673,453$1,062,428
63$1,235,368$756,392$646,927$1,098,447
64$1,310,742$742,822$617,966$1,136,964
65$1,392,210$726,992$586,440$1,178,243
66$1,480,343$708,742$552,213$1,222,575
67$1,575,767$687,900$515,142$1,270,283
68$1,679,175$664,287$475,079$1,321,726
69$1,791,325$637,711$431,868$1,377,301
70$1,913,052$607,970$385,347$1,437,451
71$2,045,273$574,851$335,346$1,502,664
72$2,188,999$538,127$281,689$1,573,483
73$2,345,342$497,560$224,190$1,650,509
74$2,515,523$452,896$162,656$1,734,408
75$2,700,887$403,869$96,886$1,825,916
76$2,902,916$350,197$26,670$1,925,852
77$3,123,237$291,580$0$2,035,119
78$3,363,644$227,704$0$2,163,987
79$3,626,110$158,236$0$2,310,365
80$3,912,808$82,825$0$2,470,396
81$4,226,130$1,098$0$2,645,486
82$4,568,708$0$0$2,837,186
83$4,943,442$0$0$3,071,233
84$5,353,524$0$0$3,327,752
85$5,802,468$0$0$3,608,649
86$6,294,146$0$0$3,916,354
87$6,832,819$0$0$4,253,542
88$7,423,181$0$0$4,623,163
89$8,070,404$0$0$5,028,460
90$8,780,180$0$0$5,473,011
91$9,558,781$0$0$5,960,753
92$10,413,114$0$0$6,496,024
93$11,350,788$0$0$7,083,601
94$12,380,185$0$0$7,728,749
95$13,510,536$0$0$8,437,263
96$14,752,011$0$0$9,215,532
97$16,115,814$0$0$10,070,592
98$17,614,286$0$0$11,010,192
99$19,261,025$0$0$12,042,871
100$21,071,008$0$0$13,178,038