Can I retire at age 56 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$63,338$62,774$62,224$61,686$61,162$60,751
2 years$31,356$30,772$30,206$29,657$29,125$28,710
3 years$20,696$20,110$19,545$19,001$18,478$18,073
4 years$15,367$14,783$14,224$13,689$13,179$12,786
5 years$12,171$11,590$11,038$10,515$10,018$9,639
6 years$10,041$9,464$8,921$8,409$7,927$7,562
7 years$8,520$7,948$7,413$6,913$6,447$6,096
8 years$7,380$6,813$6,287$5,799$5,348$5,012
9 years$6,493$5,932$5,415$4,940$4,504$4,182
10 years$5,784$5,229$4,721$4,258$3,838$3,529
11 years$5,205$4,655$4,156$3,706$3,300$3,006
12 years$4,722$4,178$3,688$3,251$2,860$2,579
13 years$4,314$3,775$3,295$2,870$2,494$2,226
14 years$3,965$3,432$2,961$2,547$2,186$1,932
15 years$3,663$3,135$2,673$2,272$1,925$1,683
16 years$3,398$2,876$2,424$2,034$1,701$1,471
17 years$3,165$2,649$2,206$1,828$1,508$1,290
18 years$2,958$2,448$2,013$1,647$1,341$1,135
19 years$2,773$2,269$1,843$1,488$1,196$1,000
20 years$2,607$2,108$1,692$1,348$1,068$883
21 years$2,457$1,964$1,556$1,223$956$781
22 years$2,320$1,833$1,434$1,112$857$692
23 years$2,196$1,714$1,324$1,013$769$614
24 years$2,082$1,606$1,224$924$691$545
25 years$1,977$1,507$1,134$844$622$484
26 years$1,881$1,417$1,052$772$560$431
27 years$1,792$1,333$977$706$505$384
28 years$1,709$1,256$908$647$456$342
29 years$1,633$1,185$845$593$412$305
30 years$1,561$1,119$787$545$372$272
31 years$1,495$1,058$734$500$336$243
32 years$1,432$1,001$685$460$304$217
33 years$1,374$948$639$423$275$194
34 years$1,319$899$597$389$249$173
35 years$1,267$852$558$358$226$155
36 years$1,218$809$522$330$204$138
37 years$1,172$768$489$304$185$124
38 years$1,129$730$458$280$168$111
39 years$1,088$694$429$258$152$99
40 years$1,049$661$402$238$138$88
41 years$1,012$629$377$220$125$79
42 years$977$599$354$203$114$71
43 years$943$571$332$187$103$63
44 years$911$544$311$173$94$57
45 years$881$519$292$160$85$51
46 years$852$495$275$147$77$46
47 years$825$472$258$136$70$41
48 years$798$451$243$126$64$37
49 years$773$430$228$116$58$33
50 years$749$411$214$108$53$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $767,000, adding $4,602 every year, while hoping to spend $44,353 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: 63/15/22 Blend
55$767,000$767,000$767,000$767,000
56$849,981$809,330$797,441$898,395
57$889,488$801,796$776,965$924,084
58$931,538$792,406$754,315$946,768
59$976,343$781,023$729,373$970,533
60$1,024,138$767,500$702,015$995,492
61$1,075,176$751,684$672,108$1,021,765
62$1,129,736$733,409$639,516$1,049,492
63$1,188,126$712,503$604,097$1,078,824
64$1,250,682$688,782$565,701$1,109,933
65$1,317,771$662,052$524,171$1,143,007
66$1,389,798$632,107$479,346$1,178,259
67$1,467,206$598,729$431,053$1,215,924
68$1,550,484$561,689$379,115$1,256,263
69$1,640,164$520,743$323,347$1,299,567
70$1,736,836$475,634$263,554$1,346,159
71$1,841,143$426,090$199,532$1,396,398
72$1,953,794$371,823$131,072$1,450,684
73$2,075,569$312,531$57,951$1,509,460
74$2,207,324$247,891$0$1,573,215
75$2,349,998$177,566$0$1,647,212
76$2,504,628$101,196$0$1,742,163
77$2,672,350$18,405$0$1,845,181
78$2,854,416$0$0$1,957,071
79$3,052,202$0$0$2,090,476
80$3,267,220$0$0$2,238,856
81$3,501,137$0$0$2,400,327
82$3,755,784$0$0$2,576,162
83$4,033,177$0$0$2,767,758
84$4,335,535$0$0$2,976,655
85$4,665,299$0$0$3,204,547
86$5,025,156$0$0$3,453,298
87$5,418,065$0$0$3,724,962
88$5,847,282$0$0$4,021,797
89$6,316,390$0$0$4,346,292
90$6,829,337$0$0$4,701,185
91$7,390,468$0$0$5,089,491
92$8,004,568$0$0$5,514,531
93$8,676,904$0$0$5,979,961
94$9,413,278$0$0$6,489,808
95$10,220,080$0$0$7,048,506
96$11,104,344$0$0$7,660,939
97$12,073,821$0$0$8,332,484
98$13,137,044$0$0$9,069,067
99$14,303,415$0$0$9,877,210
100$15,583,287$0$0$10,764,102