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%12.8%
1 years$63,421$62,856$62,305$61,767$61,241$60,526
2 years$31,396$30,812$30,245$29,696$29,163$28,443
3 years$20,723$20,136$19,571$19,026$18,502$17,800
4 years$15,387$14,802$14,242$13,707$13,196$12,517
5 years$12,187$11,605$11,053$10,529$10,031$9,377
6 years$10,054$9,476$8,932$8,420$7,937$7,309
7 years$8,531$7,958$7,423$6,922$6,455$5,853
8 years$7,389$6,822$6,295$5,807$5,355$4,779
9 years$6,502$5,939$5,422$4,946$4,510$3,960
10 years$5,792$5,235$4,727$4,264$3,843$3,318
11 years$5,212$4,661$4,162$3,711$3,305$2,805
12 years$4,729$4,183$3,693$3,255$2,864$2,389
13 years$4,320$3,780$3,300$2,873$2,497$2,046
14 years$3,970$3,436$2,965$2,551$2,189$1,761
15 years$3,667$3,139$2,677$2,275$1,927$1,522
16 years$3,403$2,880$2,427$2,037$1,704$1,320
17 years$3,169$2,652$2,208$1,830$1,510$1,148
18 years$2,962$2,451$2,016$1,649$1,343$1,001
19 years$2,777$2,272$1,846$1,490$1,197$874
20 years$2,610$2,111$1,694$1,350$1,069$765
21 years$2,460$1,966$1,558$1,225$957$671
22 years$2,323$1,835$1,436$1,114$858$589
23 years$2,199$1,717$1,326$1,014$770$518
24 years$2,085$1,608$1,226$925$692$456
25 years$1,980$1,509$1,136$845$623$401
26 years$1,884$1,418$1,053$773$561$354
27 years$1,794$1,335$978$707$506$312
28 years$1,712$1,258$909$648$456$275
29 years$1,635$1,187$846$594$412$243
30 years$1,563$1,121$788$545$372$215
31 years$1,496$1,059$735$501$337$190
32 years$1,434$1,002$685$460$304$168
33 years$1,375$949$640$423$276$148
34 years$1,320$900$598$389$249$131
35 years$1,269$853$559$358$226$116
36 years$1,220$810$523$330$205$103
37 years$1,174$769$490$304$186$91
38 years$1,130$731$458$280$168$81
39 years$1,089$695$430$259$153$71
40 years$1,050$661$403$238$138$63
41 years$1,013$630$377$220$126$56
42 years$978$600$354$203$114$50
43 years$944$571$332$187$103$44
44 years$912$545$312$173$94$39
45 years$882$519$293$160$85$34
46 years$853$495$275$148$77$31
47 years$826$473$258$136$70$27
48 years$799$451$243$126$64$24
49 years$774$431$228$116$58$21
50 years$750$412$215$108$53$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $768,000, adding $4,982 every year, while hoping to spend $37,143 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: 39/31/30 Blend
55$768,000$768,000$768,000$768,000
56$851,475$810,771$798,867$876,956
57$898,806$810,979$786,109$896,314
58$949,719$809,952$771,679$913,468
59$1,004,541$807,591$755,481$931,323
60$1,063,631$803,789$737,417$949,968
61$1,127,382$798,436$717,381$969,502
62$1,196,226$791,410$695,264$990,040
63$1,270,639$782,586$670,953$1,011,708
64$1,351,142$771,831$644,327$1,034,652
65$1,438,309$759,002$615,264$1,059,032
66$1,532,772$743,949$583,631$1,085,031
67$1,635,225$726,512$549,292$1,112,854
68$1,746,431$706,524$512,106$1,142,728
69$1,867,228$683,805$471,923$1,174,912
70$1,998,541$658,167$428,588$1,209,692
71$2,141,384$629,409$381,938$1,247,388
72$2,296,876$597,321$331,803$1,288,362
73$2,466,246$561,678$278,007$1,333,012
74$2,650,846$522,244$220,364$1,381,787
75$2,852,167$478,768$158,681$1,435,185
76$3,071,847$430,987$92,755$1,493,762
77$3,311,690$378,620$22,377$1,558,138
78$3,573,683$321,372$0$1,629,002
79$3,860,011$258,932$0$1,723,999
80$4,173,081$190,969$0$1,835,846
81$4,515,544$117,135$0$1,958,397
82$4,890,318$37,063$0$2,092,787
83$5,300,616$0$0$2,240,269
84$5,749,976$0$0$2,419,162
85$6,242,294$0$0$2,629,110
86$6,781,863$0$0$2,859,315
87$7,373,407$0$0$3,111,803
88$8,022,132$0$0$3,388,813
89$8,733,772$0$0$3,692,805
90$9,514,640$0$0$4,026,491
91$10,371,692$0$0$4,392,860
92$11,312,590$0$0$4,795,201
93$12,345,775$0$0$5,237,141
94$13,480,541$0$0$5,722,673
95$14,727,133$0$0$6,256,197
96$16,096,831$0$0$6,842,559
97$17,602,065$0$0$7,487,100
98$19,256,530$0$0$8,195,701
99$21,075,309$0$0$8,974,844
100$23,075,025$0$0$9,831,671