Can I retire at age 56 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$63,503$62,938$62,386$61,847$61,321$59,005
2 years$31,437$30,852$30,284$29,734$29,201$26,894
3 years$20,750$20,162$19,596$19,051$18,526$16,301
4 years$15,407$14,821$14,261$13,725$13,213$11,087
5 years$12,203$11,620$11,067$10,542$10,044$8,023
6 years$10,067$9,489$8,944$8,431$7,948$6,033
7 years$8,542$7,969$7,432$6,931$6,464$4,654
8 years$7,399$6,830$6,303$5,815$5,362$3,656
9 years$6,510$5,947$5,429$4,953$4,516$2,911
10 years$5,800$5,242$4,733$4,269$3,848$2,341
11 years$5,219$4,667$4,167$3,716$3,309$1,898
12 years$4,735$4,189$3,698$3,259$2,868$1,548
13 years$4,326$3,785$3,304$2,877$2,501$1,268
14 years$3,975$3,441$2,969$2,554$2,192$1,044
15 years$3,672$3,143$2,680$2,278$1,930$861
16 years$3,407$2,884$2,430$2,040$1,706$713
17 years$3,173$2,656$2,211$1,832$1,512$591
18 years$2,966$2,454$2,019$1,651$1,345$491
19 years$2,780$2,274$1,848$1,492$1,199$408
20 years$2,614$2,114$1,696$1,351$1,071$340
21 years$2,463$1,969$1,560$1,227$958$283
22 years$2,326$1,838$1,438$1,115$859$236
23 years$2,202$1,719$1,327$1,016$771$197
24 years$2,087$1,610$1,228$926$693$165
25 years$1,983$1,511$1,137$846$624$138
26 years$1,886$1,420$1,055$774$562$115
27 years$1,797$1,337$979$708$506$96
28 years$1,714$1,260$910$649$457$80
29 years$1,637$1,188$847$595$413$67
30 years$1,565$1,122$789$546$373$56
31 years$1,498$1,061$736$501$337$47
32 years$1,436$1,004$686$461$305$39
33 years$1,377$951$641$424$276$33
34 years$1,322$901$599$390$250$28
35 years$1,270$855$560$359$226$23
36 years$1,221$811$524$331$205$19
37 years$1,175$770$490$305$186$16
38 years$1,132$732$459$281$168$14
39 years$1,090$696$430$259$153$11
40 years$1,051$662$403$239$139$10
41 years$1,014$630$378$220$126$8
42 years$979$600$355$203$114$7
43 years$946$572$333$188$104$6
44 years$914$545$312$173$94$5
45 years$883$520$293$160$85$4
46 years$854$496$275$148$77$3
47 years$827$473$259$137$70$3
48 years$800$452$243$126$64$2
49 years$775$432$229$117$58$2
50 years$751$412$215$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $769,000, adding $5,861 every year, while hoping to spend $35,795 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: 43/48/9 Blend
55$769,000$769,000$769,000$769,000
56$853,484$812,727$800,807$887,717
57$902,453$814,465$789,549$913,857
58$955,218$815,088$776,713$938,064
59$1,012,128$814,505$762,210$963,476
60$1,073,566$812,616$745,945$990,215
61$1,139,953$809,318$727,818$1,018,419
62$1,211,754$804,501$707,726$1,048,244
63$1,289,478$798,046$685,560$1,079,861
64$1,373,685$789,831$661,206$1,113,463
65$1,464,990$779,722$634,546$1,149,264
66$1,564,071$767,580$605,455$1,187,503
67$1,671,672$753,257$573,803$1,228,447
68$1,788,613$736,597$539,456$1,272,392
69$1,915,794$717,432$502,270$1,319,668
70$2,054,206$695,588$462,098$1,370,643
71$2,204,942$670,878$418,785$1,425,727
72$2,369,200$643,106$372,168$1,485,372
73$2,548,303$612,062$322,080$1,550,086
74$2,743,703$577,527$268,343$1,620,430
75$2,957,002$539,267$210,774$1,697,027
76$3,189,961$497,035$149,179$1,780,571
77$3,444,518$450,571$83,358$1,871,830
78$3,722,810$399,600$13,102$1,971,658
79$4,027,187$343,831$0$2,081,003
80$4,360,236$282,955$0$2,206,857
81$4,724,808$216,647$0$2,346,170
82$5,124,041$144,566$0$2,498,999
83$5,561,391$66,347$0$2,666,798
84$6,040,664$0$0$2,851,178
85$6,566,050$0$0$3,063,636
86$7,142,167$0$0$3,335,130
87$7,774,099$0$0$3,633,026
88$8,467,447$0$0$3,959,975
89$9,228,378$0$0$4,318,899
90$10,063,687$0$0$4,713,016
91$10,980,859$0$0$5,145,870
92$11,988,139$0$0$5,621,368
93$13,094,610$0$0$6,143,811
94$14,310,276$0$0$6,717,939
95$15,646,161$0$0$7,348,973
96$17,114,408$0$0$8,042,665
97$18,728,394$0$0$8,805,353
98$20,502,859$0$0$9,644,019
99$22,454,041$0$0$10,566,355
100$24,599,830$0$0$11,580,836