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%13.9%
1 years$63,338$62,774$62,224$61,686$61,162$60,173
2 years$31,356$30,772$30,206$29,657$29,125$28,131
3 years$20,696$20,110$19,545$19,001$18,478$17,511
4 years$15,367$14,783$14,224$13,689$13,179$12,245
5 years$12,171$11,590$11,038$10,515$10,018$9,121
6 years$10,041$9,464$8,921$8,409$7,927$7,068
7 years$8,520$7,948$7,413$6,913$6,447$5,625
8 years$7,380$6,813$6,287$5,799$5,348$4,564
9 years$6,493$5,932$5,415$4,940$4,504$3,757
10 years$5,784$5,229$4,721$4,258$3,838$3,127
11 years$5,205$4,655$4,156$3,706$3,300$2,626
12 years$4,722$4,178$3,688$3,251$2,860$2,220
13 years$4,314$3,775$3,295$2,870$2,494$1,888
14 years$3,965$3,432$2,961$2,547$2,186$1,613
15 years$3,663$3,135$2,673$2,272$1,925$1,384
16 years$3,398$2,876$2,424$2,034$1,701$1,191
17 years$3,165$2,649$2,206$1,828$1,508$1,028
18 years$2,958$2,448$2,013$1,647$1,341$889
19 years$2,773$2,269$1,843$1,488$1,196$770
20 years$2,607$2,108$1,692$1,348$1,068$669
21 years$2,457$1,964$1,556$1,223$956$582
22 years$2,320$1,833$1,434$1,112$857$506
23 years$2,196$1,714$1,324$1,013$769$441
24 years$2,082$1,606$1,224$924$691$385
25 years$1,977$1,507$1,134$844$622$336
26 years$1,881$1,417$1,052$772$560$294
27 years$1,792$1,333$977$706$505$257
28 years$1,709$1,256$908$647$456$225
29 years$1,633$1,185$845$593$412$196
30 years$1,561$1,119$787$545$372$172
31 years$1,495$1,058$734$500$336$151
32 years$1,432$1,001$685$460$304$132
33 years$1,374$948$639$423$275$116
34 years$1,319$899$597$389$249$101
35 years$1,267$852$558$358$226$89
36 years$1,218$809$522$330$204$78
37 years$1,172$768$489$304$185$68
38 years$1,129$730$458$280$168$60
39 years$1,088$694$429$258$152$53
40 years$1,049$661$402$238$138$46
41 years$1,012$629$377$220$125$40
42 years$977$599$354$203$114$36
43 years$943$571$332$187$103$31
44 years$911$544$311$173$94$27
45 years$881$519$292$160$85$24
46 years$852$495$275$147$77$21
47 years$825$472$258$136$70$18
48 years$798$451$243$126$64$16
49 years$773$430$228$116$58$14
50 years$749$411$214$108$53$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $767,000, adding $4,001 every year, while hoping to spend $33,724 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: 42/41/17 Blend
55$767,000$767,000$767,000$767,000
56$849,361$808,710$796,822$880,651
57$900,114$812,455$787,633$906,883
58$954,913$815,253$777,006$931,660
59$1,014,136$817,022$764,858$957,777
60$1,078,197$817,675$751,100$985,373
61$1,147,552$817,120$735,640$1,014,604
62$1,222,701$815,258$718,383$1,045,641
63$1,304,196$811,984$699,228$1,078,677
64$1,392,641$807,189$678,070$1,113,927
65$1,488,704$800,755$654,799$1,151,629
66$1,593,117$792,557$629,299$1,192,049
67$1,706,685$782,463$601,451$1,235,481
68$1,830,297$770,333$571,129$1,282,255
69$1,964,926$756,019$538,202$1,332,735
70$2,111,648$739,363$502,531$1,387,325
71$2,271,644$720,200$463,974$1,446,478
72$2,446,215$698,353$422,380$1,510,692
73$2,636,793$673,636$377,593$1,580,523
74$2,844,952$645,851$329,450$1,656,586
75$3,072,430$614,789$277,778$1,739,566
76$3,321,134$580,230$222,400$1,830,218
77$3,593,169$541,941$163,130$1,929,385
78$3,890,849$499,673$99,772$2,037,997
79$4,216,725$453,167$32,124$2,157,087
80$4,573,604$402,145$0$2,287,798
81$4,964,579$346,317$0$2,438,666
82$5,393,053$285,374$0$2,610,515
83$5,862,777$218,990$0$2,799,108
84$6,377,882$146,822$0$3,006,210
85$6,942,916$68,506$0$3,233,768
86$7,562,890$0$0$3,483,936
87$8,243,323$0$0$3,766,468
88$8,990,295$0$0$4,110,657
89$9,810,501$0$0$4,488,693
90$10,711,319$0$0$4,903,990
91$11,700,875$0$0$5,360,306
92$12,788,121$0$0$5,861,784
93$13,982,919$0$0$6,412,987
94$15,296,135$0$0$7,018,942
95$16,739,738$0$0$7,685,186
96$18,326,916$0$0$8,417,823
97$20,072,197$0$0$9,223,573
98$21,991,589$0$0$10,109,845
99$24,102,727$0$0$11,084,799
100$26,425,044$0$0$12,157,427