Can I retire at age 56 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$63,421$62,856$62,305$61,767$61,241$60,401
2 years$31,396$30,812$30,245$29,696$29,163$28,317
3 years$20,723$20,136$19,571$19,026$18,502$17,678
4 years$15,387$14,802$14,242$13,707$13,196$12,400
5 years$12,187$11,605$11,053$10,529$10,031$9,265
6 years$10,054$9,476$8,932$8,420$7,937$7,203
7 years$8,531$7,958$7,423$6,922$6,455$5,752
8 years$7,389$6,822$6,295$5,807$5,355$4,683
9 years$6,502$5,939$5,422$4,946$4,510$3,869
10 years$5,792$5,235$4,727$4,264$3,843$3,232
11 years$5,212$4,661$4,162$3,711$3,305$2,724
12 years$4,729$4,183$3,693$3,255$2,864$2,312
13 years$4,320$3,780$3,300$2,873$2,497$1,974
14 years$3,970$3,436$2,965$2,551$2,189$1,693
15 years$3,667$3,139$2,677$2,275$1,927$1,458
16 years$3,403$2,880$2,427$2,037$1,704$1,260
17 years$3,169$2,652$2,208$1,830$1,510$1,092
18 years$2,962$2,451$2,016$1,649$1,343$949
19 years$2,777$2,272$1,846$1,490$1,197$826
20 years$2,610$2,111$1,694$1,350$1,069$720
21 years$2,460$1,966$1,558$1,225$957$629
22 years$2,323$1,835$1,436$1,114$858$550
23 years$2,199$1,717$1,326$1,014$770$482
24 years$2,085$1,608$1,226$925$692$422
25 years$1,980$1,509$1,136$845$623$370
26 years$1,884$1,418$1,053$773$561$325
27 years$1,794$1,335$978$707$506$286
28 years$1,712$1,258$909$648$456$251
29 years$1,635$1,187$846$594$412$221
30 years$1,563$1,121$788$545$372$194
31 years$1,496$1,059$735$501$337$171
32 years$1,434$1,002$685$460$304$151
33 years$1,375$949$640$423$276$133
34 years$1,320$900$598$389$249$117
35 years$1,269$853$559$358$226$103
36 years$1,220$810$523$330$205$91
37 years$1,174$769$490$304$186$80
38 years$1,130$731$458$280$168$70
39 years$1,089$695$430$259$153$62
40 years$1,050$661$403$238$138$55
41 years$1,013$630$377$220$126$48
42 years$978$600$354$203$114$43
43 years$944$571$332$187$103$38
44 years$912$545$312$173$94$33
45 years$882$519$293$160$85$29
46 years$853$495$275$148$77$26
47 years$826$473$258$136$70$23
48 years$799$451$243$126$64$20
49 years$774$431$228$116$58$18
50 years$750$412$215$108$53$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $768,000, adding $6,877 every year, while hoping to spend $24,197 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: 64/7/29 Blend
55$768,000$768,000$768,000$768,000
56$853,430$812,726$800,822$901,047
57$914,734$826,804$801,904$948,217
58$981,480$840,761$802,211$996,473
59$1,054,199$854,565$801,692$1,048,683
60$1,133,471$868,183$800,293$1,105,241
61$1,219,939$881,578$797,957$1,166,578
62$1,314,309$894,711$794,625$1,233,173
63$1,417,358$907,541$790,234$1,305,552
64$1,529,940$920,023$784,719$1,384,294
65$1,652,999$932,109$778,011$1,470,041
66$1,787,570$943,747$770,040$1,563,498
67$1,934,795$954,884$760,729$1,665,445
68$2,095,931$965,461$750,001$1,776,739
69$2,272,363$975,415$737,773$1,898,328
70$2,465,614$984,680$723,958$2,031,256
71$2,677,363$993,185$708,467$2,176,675
72$2,909,458$1,000,856$691,205$2,335,855
73$3,163,936$1,007,611$672,073$2,510,196
74$3,443,038$1,013,364$650,968$2,701,243
75$3,749,235$1,018,026$627,783$2,910,698
76$4,085,246$1,021,499$602,403$3,140,440
77$4,454,069$1,023,680$574,711$3,392,538
78$4,859,004$1,024,460$544,583$3,669,277
79$5,303,686$1,023,723$511,891$3,973,172
80$5,792,122$1,021,345$476,499$4,307,000
81$6,328,723$1,017,196$438,267$4,673,820
82$6,918,350$1,011,136$397,046$5,077,007
83$7,566,359$1,003,018$352,684$5,520,280
84$8,278,648$992,686$305,019$6,007,741
85$9,061,716$979,975$253,884$6,543,911
86$9,922,725$964,707$199,103$7,133,776
87$10,869,564$946,698$140,493$7,782,830
88$11,910,924$925,751$77,864$8,497,132
89$13,056,381$901,656$11,016$9,283,362
90$14,316,487$874,192$0$10,148,882
91$15,702,867$843,126$0$11,120,475
92$17,228,330$808,209$0$12,193,274
93$18,906,989$769,181$0$13,373,802
94$20,754,394$725,763$0$14,673,004
95$22,787,680$677,663$0$16,102,942
96$25,025,725$624,571$0$17,676,909
97$27,489,333$566,159$0$19,409,551
98$30,201,425$502,080$0$21,317,010
99$33,187,257$431,969$0$23,417,069
100$36,474,661$355,440$0$25,729,330