Can I retire at age 56 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$62,760$62,201$61,656$61,123$60,603$59,186
2 years$31,069$30,491$29,930$29,386$28,859$27,439
3 years$20,507$19,926$19,367$18,828$18,309$16,931
4 years$15,227$14,648$14,094$13,565$13,058$11,733
5 years$12,060$11,484$10,937$10,419$9,927$8,657
6 years$9,949$9,378$8,839$8,332$7,855$6,643
7 years$8,442$7,875$7,345$6,850$6,388$5,234
8 years$7,312$6,751$6,229$5,746$5,299$4,202
9 years$6,434$5,878$5,365$4,895$4,463$3,422
10 years$5,732$5,181$4,678$4,219$3,803$2,817
11 years$5,157$4,612$4,118$3,672$3,270$2,339
12 years$4,679$4,140$3,655$3,221$2,834$1,954
13 years$4,275$3,741$3,265$2,844$2,471$1,642
14 years$3,929$3,400$2,934$2,524$2,166$1,386
15 years$3,629$3,106$2,649$2,251$1,907$1,174
16 years$3,367$2,850$2,402$2,016$1,686$998
17 years$3,136$2,625$2,185$1,811$1,495$850
18 years$2,931$2,425$1,995$1,632$1,329$726
19 years$2,748$2,248$1,826$1,475$1,185$621
20 years$2,583$2,089$1,676$1,336$1,058$532
21 years$2,434$1,946$1,542$1,212$947$456
22 years$2,299$1,816$1,421$1,102$849$391
23 years$2,176$1,699$1,312$1,004$762$336
24 years$2,063$1,592$1,213$916$685$289
25 years$1,959$1,494$1,124$836$616$249
26 years$1,864$1,404$1,042$764$555$214
27 years$1,776$1,321$968$700$500$185
28 years$1,694$1,245$900$641$452$159
29 years$1,618$1,174$837$588$408$137
30 years$1,547$1,109$780$540$368$118
31 years$1,481$1,048$727$496$333$102
32 years$1,419$992$678$455$301$88
33 years$1,361$939$633$419$273$76
34 years$1,307$890$592$385$247$66
35 years$1,255$845$553$355$224$57
36 years$1,207$802$518$327$203$49
37 years$1,161$761$484$301$184$42
38 years$1,118$724$454$277$166$37
39 years$1,078$688$425$256$151$32
40 years$1,039$655$398$236$137$27
41 years$1,002$623$374$218$124$24
42 years$968$593$350$201$113$20
43 years$934$565$329$185$102$18
44 years$903$539$309$171$93$15
45 years$873$514$290$158$84$13
46 years$844$490$272$146$77$11
47 years$817$468$256$135$70$10
48 years$791$447$240$125$63$8
49 years$766$427$226$115$57$7
50 years$742$407$212$107$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $760,000, adding $3,454 every year, while hoping to spend $37,121 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: 63/17/20 Blend
55$760,000$760,000$760,000$760,000
56$841,083$800,803$789,023$889,546
57$887,377$800,546$775,959$922,354
58$937,149$799,032$761,213$953,689
59$990,714$796,160$744,689$987,052
60$1,048,419$791,825$726,289$1,022,642
61$1,110,645$785,911$705,906$1,060,684
62$1,177,809$778,299$683,433$1,101,422
63$1,250,371$768,861$658,753$1,145,130
64$1,328,836$757,462$631,748$1,192,109
65$1,413,758$743,959$602,293$1,242,693
66$1,505,748$728,200$570,257$1,297,253
67$1,605,476$710,024$535,502$1,356,195
68$1,713,680$689,260$497,887$1,419,974
69$1,831,171$665,730$457,262$1,489,088
70$1,958,841$639,241$413,470$1,564,092
71$2,097,671$609,592$366,350$1,645,597
72$2,248,742$576,570$315,730$1,734,279
73$2,413,240$539,948$261,434$1,830,887
74$2,592,474$499,489$203,275$1,936,248
75$2,787,881$454,939$141,061$2,051,274
76$3,001,046$406,032$74,587$2,176,977
77$3,233,711$352,486$3,644$2,314,472
78$3,487,795$294,003$0$2,464,992
79$3,765,408$230,268$0$2,645,280
80$4,068,877$160,948$0$2,843,291
81$4,400,761$85,693$0$3,059,961
82$4,763,878$4,131$0$3,297,180
83$5,161,331$0$0$3,557,032
84$5,596,538$0$0$3,857,554
85$6,073,261$0$0$4,187,645
86$6,595,646$0$0$4,549,409
87$7,168,256$0$0$4,946,014
88$7,796,117$0$0$5,380,949
89$8,484,766$0$0$5,858,055
90$9,240,300$0$0$6,381,567
91$10,069,437$0$0$6,956,145
92$10,979,575$0$0$7,586,925
93$11,978,863$0$0$8,279,564
94$13,076,279$0$0$9,040,294
95$14,281,711$0$0$9,875,980
96$15,606,055$0$0$10,794,182
97$17,061,311$0$0$11,803,233
98$18,660,702$0$0$12,912,311
99$20,418,793$0$0$14,131,527
100$22,351,633$0$0$15,472,021