Can I retire at age 56 with 767,000?

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 $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%13.8%
1 years$63,338$62,774$62,224$61,686$61,162$60,198
2 years$31,356$30,772$30,206$29,657$29,125$28,156
3 years$20,696$20,110$19,545$19,001$18,478$17,535
4 years$15,367$14,783$14,224$13,689$13,179$12,268
5 years$12,171$11,590$11,038$10,515$10,018$9,143
6 years$10,041$9,464$8,921$8,409$7,927$7,088
7 years$8,520$7,948$7,413$6,913$6,447$5,645
8 years$7,380$6,813$6,287$5,799$5,348$4,583
9 years$6,493$5,932$5,415$4,940$4,504$3,774
10 years$5,784$5,229$4,721$4,258$3,838$3,144
11 years$5,205$4,655$4,156$3,706$3,300$2,641
12 years$4,722$4,178$3,688$3,251$2,860$2,235
13 years$4,314$3,775$3,295$2,870$2,494$1,902
14 years$3,965$3,432$2,961$2,547$2,186$1,626
15 years$3,663$3,135$2,673$2,272$1,925$1,396
16 years$3,398$2,876$2,424$2,034$1,701$1,202
17 years$3,165$2,649$2,206$1,828$1,508$1,038
18 years$2,958$2,448$2,013$1,647$1,341$898
19 years$2,773$2,269$1,843$1,488$1,196$779
20 years$2,607$2,108$1,692$1,348$1,068$677
21 years$2,457$1,964$1,556$1,223$956$589
22 years$2,320$1,833$1,434$1,112$857$513
23 years$2,196$1,714$1,324$1,013$769$448
24 years$2,082$1,606$1,224$924$691$391
25 years$1,977$1,507$1,134$844$622$342
26 years$1,881$1,417$1,052$772$560$299
27 years$1,792$1,333$977$706$505$261
28 years$1,709$1,256$908$647$456$229
29 years$1,633$1,185$845$593$412$200
30 years$1,561$1,119$787$545$372$175
31 years$1,495$1,058$734$500$336$154
32 years$1,432$1,001$685$460$304$135
33 years$1,374$948$639$423$275$118
34 years$1,319$899$597$389$249$104
35 years$1,267$852$558$358$226$91
36 years$1,218$809$522$330$204$80
37 years$1,172$768$489$304$185$70
38 years$1,129$730$458$280$168$62
39 years$1,088$694$429$258$152$54
40 years$1,049$661$402$238$138$47
41 years$1,012$629$377$220$125$42
42 years$977$599$354$203$114$37
43 years$943$571$332$187$103$32
44 years$911$544$311$173$94$28
45 years$881$519$292$160$85$25
46 years$852$495$275$147$77$22
47 years$825$472$258$136$70$19
48 years$798$451$243$126$64$17
49 years$773$430$228$116$58$15
50 years$749$411$214$108$53$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $767,000, adding $6,957 every year, while hoping to spend $43,946 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: 39/38/23 Blend
55$767,000$767,000$767,000$767,000
56$852,410$811,759$799,871$879,591
57$892,598$804,777$779,908$892,900
58$935,412$795,980$757,804$902,637
59$981,073$785,233$733,440$912,286
60$1,029,825$772,392$706,693$921,866
61$1,081,933$757,305$677,433$931,399
62$1,137,689$739,811$645,526$940,914
63$1,197,412$719,741$610,829$950,447
64$1,261,453$696,913$573,197$960,043
65$1,330,195$671,136$532,473$969,752
66$1,404,062$642,208$488,498$979,639
67$1,483,516$609,916$441,102$989,777
68$1,569,066$574,033$390,110$1,000,253
69$1,661,270$534,321$335,339$1,011,168
70$1,760,743$490,525$276,595$1,022,639
71$1,868,157$442,379$213,679$1,034,802
72$1,984,253$389,600$146,382$1,047,812
73$2,109,846$331,890$74,485$1,061,850
74$2,245,831$268,932$0$1,077,119
75$2,393,190$200,395$0$1,094,404
76$2,553,006$125,925$0$1,132,963
77$2,726,468$45,150$0$1,174,860
78$2,914,884$0$0$1,220,499
79$3,119,694$0$0$1,288,032
80$3,342,481$0$0$1,382,120
81$3,584,986$0$0$1,484,629
82$3,849,125$0$0$1,596,383
83$4,137,009$0$0$1,718,287
84$4,450,959$0$0$1,851,335
85$4,793,528$0$0$1,996,624
86$5,167,529$0$0$2,155,360
87$5,576,058$0$0$2,328,874
88$6,022,522$0$0$2,518,625
89$6,510,674$0$0$2,726,226
90$7,044,643$0$0$2,953,450
91$7,628,978$0$0$3,202,248
92$8,268,688$0$0$3,474,772
93$8,969,287$0$0$3,773,389
94$9,736,848$0$0$4,100,706
95$10,578,061$0$0$4,459,597
96$11,500,291$0$0$4,853,223
97$12,511,652$0$0$5,285,071
98$13,621,079$0$0$5,758,976
99$14,838,414$0$0$6,279,167
100$16,174,499$0$0$6,850,300