Can I retire at age 56 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$63,256$62,692$62,142$61,606$61,082$60,194
2 years$31,315$30,731$30,166$29,618$29,087$28,194
3 years$20,669$20,083$19,520$18,977$18,454$17,584
4 years$15,347$14,763$14,205$13,672$13,161$12,321
5 years$12,155$11,575$11,024$10,501$10,005$9,197
6 years$10,028$9,452$8,909$8,398$7,917$7,142
7 years$8,509$7,937$7,403$6,904$6,438$5,697
8 years$7,370$6,804$6,279$5,792$5,341$4,633
9 years$6,485$5,924$5,408$4,933$4,498$3,823
10 years$5,777$5,222$4,715$4,253$3,833$3,189
11 years$5,198$4,649$4,151$3,701$3,296$2,685
12 years$4,716$4,172$3,684$3,246$2,856$2,276
13 years$4,309$3,771$3,291$2,866$2,491$1,941
14 years$3,960$3,427$2,957$2,544$2,183$1,663
15 years$3,658$3,131$2,670$2,269$1,922$1,430
16 years$3,394$2,873$2,421$2,032$1,699$1,234
17 years$3,161$2,646$2,203$1,825$1,507$1,068
18 years$2,954$2,445$2,011$1,645$1,340$927
19 years$2,769$2,266$1,841$1,486$1,194$805
20 years$2,603$2,105$1,689$1,346$1,066$701
21 years$2,453$1,961$1,554$1,222$954$612
22 years$2,317$1,831$1,432$1,111$855$534
23 years$2,193$1,712$1,322$1,012$768$467
24 years$2,079$1,604$1,223$923$690$409
25 years$1,975$1,505$1,133$843$621$358
26 years$1,879$1,415$1,050$771$559$314
27 years$1,790$1,331$975$705$504$275
28 years$1,707$1,255$907$646$455$241
29 years$1,631$1,184$844$593$411$212
30 years$1,559$1,118$786$544$371$186
31 years$1,493$1,057$733$499$336$164
32 years$1,430$1,000$684$459$304$144
33 years$1,372$947$638$422$275$126
34 years$1,317$897$596$388$249$111
35 years$1,265$851$558$358$225$98
36 years$1,217$808$522$329$204$86
37 years$1,171$767$488$303$185$76
38 years$1,127$729$457$280$168$67
39 years$1,086$693$428$258$152$59
40 years$1,047$660$402$238$138$52
41 years$1,010$628$377$219$125$45
42 years$975$598$353$202$114$40
43 years$942$570$331$187$103$35
44 years$910$543$311$173$94$31
45 years$880$518$292$159$85$27
46 years$851$494$274$147$77$24
47 years$823$472$258$136$70$21
48 years$797$450$242$126$64$19
49 years$772$430$228$116$58$16
50 years$748$411$214$107$52$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $766,000, adding $5,730 every year, while hoping to spend $29,142 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: 63/10/27 Blend
55$766,000$766,000$766,000$766,000
56$850,042$809,444$797,571$897,157
57$905,740$818,100$793,283$938,424
58$966,142$826,204$787,875$979,776
59$1,031,697$833,697$781,277$1,024,313
60$1,102,900$840,518$773,420$1,072,350
61$1,180,294$846,601$764,227$1,124,238
62$1,264,476$851,876$753,621$1,180,363
63$1,356,104$856,270$741,519$1,241,149
64$1,455,901$859,702$727,835$1,307,068
65$1,564,665$862,089$712,479$1,378,639
66$1,683,270$863,341$695,356$1,456,433
67$1,812,682$863,363$676,369$1,541,084
68$1,953,963$862,054$655,414$1,633,288
69$2,108,280$859,308$632,384$1,733,817
70$2,276,920$855,010$607,164$1,843,520
71$2,461,300$849,039$579,638$1,963,335
72$2,662,979$841,268$549,682$2,094,296
73$2,883,673$831,561$517,168$2,237,546
74$3,125,275$819,775$481,959$2,394,344
75$3,389,865$805,756$443,917$2,566,082
76$3,679,736$789,342$402,893$2,754,292
77$3,997,413$770,365$358,734$2,960,667
78$4,345,677$748,641$311,280$3,187,074
79$4,727,591$723,979$260,363$3,435,573
80$5,146,528$696,176$205,807$3,708,435
81$5,606,203$665,018$147,431$4,008,167
82$6,110,708$630,277$85,043$4,337,533
83$6,664,553$591,713$18,444$4,699,581
84$7,272,702$549,071$0$5,097,676
85$7,940,626$502,084$0$5,550,687
86$8,674,350$450,467$0$6,054,201
87$9,480,514$393,919$0$6,607,474
88$10,366,429$332,124$0$7,215,550
89$11,340,154$264,747$0$7,883,987
90$12,410,563$191,433$0$8,618,909
91$13,587,436$111,809$0$9,427,066
92$14,881,546$25,479$0$10,315,896
93$16,304,764$0$0$11,293,596
94$17,870,167$0$0$12,376,676
95$19,592,164$0$0$13,571,249
96$21,486,630$0$0$14,885,531
97$23,571,059$0$0$16,331,666
98$25,864,722$0$0$17,923,031
99$28,388,855$0$0$19,674,371
100$31,166,857$0$0$21,601,928