Can I retire at age 56 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$63,090$62,528$61,980$61,445$60,922$59,741
2 years$31,233$30,651$30,087$29,541$29,011$27,825
3 years$20,615$20,031$19,469$18,927$18,406$17,253
4 years$15,307$14,725$14,168$13,636$13,127$12,016
5 years$12,123$11,544$10,995$10,474$9,979$8,913
6 years$10,001$9,427$8,886$8,376$7,896$6,877
7 years$8,486$7,917$7,384$6,886$6,422$5,448
8 years$7,351$6,786$6,262$5,777$5,327$4,400
9 years$6,468$5,908$5,394$4,920$4,486$3,605
10 years$5,762$5,208$4,702$4,242$3,823$2,986
11 years$5,185$4,636$4,140$3,691$3,288$2,494
12 years$4,704$4,161$3,674$3,238$2,849$2,098
13 years$4,298$3,761$3,282$2,859$2,484$1,775
14 years$3,950$3,418$2,949$2,537$2,178$1,509
15 years$3,648$3,123$2,663$2,263$1,917$1,287
16 years$3,385$2,865$2,414$2,026$1,695$1,101
17 years$3,153$2,639$2,197$1,821$1,503$945
18 years$2,946$2,438$2,005$1,641$1,336$813
19 years$2,762$2,260$1,836$1,483$1,191$700
20 years$2,597$2,100$1,685$1,343$1,064$604
21 years$2,447$1,956$1,550$1,219$952$522
22 years$2,311$1,826$1,428$1,108$853$452
23 years$2,187$1,708$1,319$1,009$766$391
24 years$2,074$1,600$1,220$920$688$339
25 years$1,970$1,501$1,130$840$619$294
26 years$1,874$1,411$1,048$769$558$256
27 years$1,785$1,328$973$703$503$222
28 years$1,703$1,251$904$644$454$193
29 years$1,626$1,181$842$591$410$168
30 years$1,555$1,115$784$542$370$146
31 years$1,489$1,054$731$498$335$127
32 years$1,427$997$682$458$303$110
33 years$1,368$944$637$421$274$96
34 years$1,313$895$595$387$248$84
35 years$1,262$849$556$357$225$73
36 years$1,213$806$520$328$204$63
37 years$1,168$765$487$303$185$55
38 years$1,124$727$456$279$167$48
39 years$1,083$692$427$257$152$42
40 years$1,045$658$400$237$138$37
41 years$1,008$626$376$219$125$32
42 years$973$597$352$202$113$28
43 years$939$568$331$186$103$24
44 years$908$542$310$172$93$21
45 years$878$517$291$159$85$18
46 years$849$493$274$147$77$16
47 years$821$470$257$136$70$14
48 years$795$449$242$125$63$12
49 years$770$429$227$116$58$11
50 years$746$410$213$107$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $764,000, adding $4,613 every year, while hoping to spend $56,030 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: 54/36/10 Blend
55$764,000$764,000$764,000$764,000
56$846,686$806,194$794,352$890,032
57$873,433$786,082$761,348$899,839
58$901,030$763,107$725,359$904,008
59$929,504$737,069$686,229$907,223
60$958,885$707,757$643,789$909,403
61$989,202$674,947$597,866$910,465
62$1,020,485$638,404$548,279$910,318
63$1,052,766$597,878$494,838$908,867
64$1,086,078$553,104$437,345$906,012
65$1,120,455$503,802$375,593$901,646
66$1,155,931$449,678$309,365$895,656
67$1,192,543$390,420$238,436$887,923
68$1,230,329$325,697$162,570$878,321
69$1,269,328$255,162$81,522$866,716
70$1,309,580$178,445$0$852,967
71$1,351,128$95,159$0$837,455
72$1,394,014$4,893$0$828,808
73$1,438,285$0$0$818,184
74$1,483,986$0$0$842,192
75$1,531,168$0$0$868,981
76$1,579,880$0$0$896,640
77$1,630,176$0$0$925,199
78$1,682,110$0$0$954,690
79$1,735,739$0$0$985,145
80$1,791,124$0$0$1,016,599
81$1,848,325$0$0$1,049,087
82$1,907,408$0$0$1,082,645
83$1,968,440$0$0$1,117,313
84$2,031,491$0$0$1,153,130
85$2,096,634$0$0$1,190,139
86$2,163,947$0$0$1,228,383
87$2,233,510$0$0$1,267,910
88$2,305,407$0$0$1,308,766
89$2,379,726$0$0$1,351,003
90$2,456,559$0$0$1,394,673
91$2,536,003$0$0$1,439,833
92$2,618,160$0$0$1,486,540
93$2,703,137$0$0$1,534,857
94$2,791,046$0$0$1,584,847
95$2,882,006$0$0$1,636,580
96$2,976,141$0$0$1,690,127
97$3,073,583$0$0$1,745,564
98$3,174,472$0$0$1,802,972
99$3,278,954$0$0$1,862,435
100$3,387,185$0$0$1,924,044