Can I retire at age 56 with 763,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$63,008$62,447$61,899$61,365$60,843$60,257
2 years$31,192$30,611$30,048$29,502$28,973$28,383
3 years$20,588$20,005$19,443$18,902$18,381$17,806
4 years$15,287$14,706$14,150$13,618$13,110$12,553
5 years$12,107$11,529$10,981$10,460$9,966$9,429
6 years$9,988$9,415$8,874$8,365$7,886$7,369
7 years$8,475$7,906$7,374$6,877$6,413$5,918
8 years$7,341$6,777$6,254$5,769$5,320$4,846
9 years$6,459$5,901$5,387$4,914$4,480$4,027
10 years$5,754$5,201$4,696$4,236$3,818$3,384
11 years$5,178$4,630$4,134$3,687$3,283$2,870
12 years$4,698$4,156$3,669$3,234$2,845$2,452
13 years$4,292$3,756$3,278$2,855$2,481$2,107
14 years$3,944$3,414$2,945$2,534$2,175$1,819
15 years$3,643$3,119$2,659$2,260$1,915$1,578
16 years$3,380$2,861$2,411$2,024$1,692$1,373
17 years$3,148$2,635$2,194$1,818$1,501$1,198
18 years$2,943$2,435$2,003$1,639$1,334$1,048
19 years$2,759$2,257$1,834$1,481$1,189$919
20 years$2,593$2,097$1,683$1,341$1,062$808
21 years$2,444$1,953$1,548$1,217$951$711
22 years$2,308$1,823$1,426$1,107$852$626
23 years$2,184$1,705$1,317$1,008$765$553
24 years$2,071$1,598$1,218$919$688$488
25 years$1,967$1,499$1,128$839$619$432
26 years$1,871$1,409$1,046$767$557$382
27 years$1,783$1,326$972$703$502$338
28 years$1,701$1,250$903$644$453$300
29 years$1,624$1,179$841$590$409$266
30 years$1,553$1,113$783$542$370$236
31 years$1,487$1,053$730$497$334$209
32 years$1,425$996$681$457$302$186
33 years$1,366$943$636$420$274$165
34 years$1,312$894$594$387$248$146
35 years$1,260$848$555$356$224$130
36 years$1,212$805$520$328$203$116
37 years$1,166$764$486$302$184$103
38 years$1,123$726$455$279$167$91
39 years$1,082$691$427$257$152$81
40 years$1,043$657$400$237$137$72
41 years$1,006$626$375$219$125$64
42 years$971$596$352$202$113$57
43 years$938$568$330$186$103$51
44 years$907$541$310$172$93$45
45 years$876$516$291$159$85$40
46 years$848$492$273$147$77$36
47 years$820$470$257$135$70$32
48 years$794$448$241$125$63$28
49 years$769$428$227$116$58$25
50 years$745$409$213$107$52$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $763,000, adding $4,428 every year, while hoping to spend $33,071 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: 30/42/28 Blend
55$763,000$763,000$763,000$763,000
56$845,393$804,954$793,128$863,373
57$896,436$809,210$784,510$882,036
58$951,577$812,566$774,496$898,913
59$1,011,199$814,942$763,003$916,415
60$1,075,723$816,256$749,945$934,618
61$1,145,612$816,418$735,233$953,611
62$1,221,375$815,333$718,774$973,493
63$1,303,571$812,900$700,469$994,377
64$1,392,816$809,013$680,215$1,016,388
65$1,489,787$803,559$657,907$1,039,672
66$1,595,229$796,416$633,430$1,064,387
67$1,709,960$787,459$606,668$1,090,715
68$1,834,883$776,551$577,498$1,118,859
69$1,970,988$763,549$545,791$1,149,046
70$2,119,369$748,303$511,415$1,181,533
71$2,281,225$730,650$474,228$1,216,604
72$2,457,879$710,422$434,084$1,254,581
73$2,650,788$687,437$390,830$1,295,820
74$2,861,552$661,505$344,307$1,340,721
75$3,091,936$632,425$294,347$1,389,730
76$3,343,883$599,983$240,777$1,443,346
77$3,619,530$563,953$183,414$1,502,122
78$3,921,232$524,097$122,068$1,566,677
79$4,251,582$480,161$56,542$1,637,700
80$4,613,434$431,880$0$1,715,958
81$5,009,934$378,972$0$1,806,303
82$5,444,543$321,137$0$1,923,970
83$5,921,075$258,062$0$2,053,171
84$6,443,732$189,414$0$2,195,148
85$7,017,138$114,841$0$2,351,275
86$7,646,391$33,973$0$2,523,073
87$8,337,103$0$0$2,712,223
88$9,095,456$0$0$2,945,353
89$9,928,263$0$0$3,218,738
90$10,843,027$0$0$3,519,157
91$11,848,011$0$0$3,849,340
92$12,952,322$0$0$4,212,296
93$14,165,991$0$0$4,611,338
94$15,500,069$0$0$5,050,118
95$16,966,732$0$0$5,532,659
96$18,579,392$0$0$6,063,393
97$20,352,828$0$0$6,647,204
98$22,303,322$0$0$7,289,472
99$24,448,813$0$0$7,996,125
100$26,809,067$0$0$8,773,696